Good News on Listing | Frost & Sullivan Assists Julong Holding Limited in Successful US Initial Public Offering (NASDAQ: JLHL)

Julong Holding Limited (hereinafter referred to as 'Julong') successfully listed on June 26, 2025. The company issued 1.25 million Class A ordinary shares at a price of $4 per share, raising approximately $5 million in net proceeds.

During the process of listing in the US this time, Frost & Sullivan mainly undertook the following tasks: helping the issuer accurately and objectively understand its positioning in the target market, using objective market data to discover, support, and highlight the issuer's competitive advantages, assisting the issuer, investment banks, and other intermediaries in completing the writing of relevant parts of the prospectus (such as the overview, competitive advantages and strategy, industry overview, business, and other important chapters), helping the issuer complete communication with the SEC and investors, assisting investors in quickly understanding the market ecosystem and competitive landscape, and assisting the issuer in completing feedback from regulatory authorities on various industry issues.

• The company is a leading intelligent integration solution provider in China;

   

• The company has a proven track record of outstanding performance, a long-established professional reputation, and excellent operational capabilities;

   

• The company provides a one-stop comprehensive solution, offering significant customer value and making it the preferred platform for customers;

   

• The company relies on advanced technology-driven solutions to drive rapid business growth;

   

• The company boasts an experienced management team and a pioneering entrepreneurial culture.

In recent years, driven by the national strategic direction, the continuous release of industry development needs, and the continuous innovation of emerging technologies, the market for intelligent integration solutions in China has continued to expand. The market scale of China's intelligent integration solution industry has grown from RMB 1,270.2 billion in 2019 to RMB 1,825.8 billion in 2023, with a compound annual growth rate (CAGR) of 9.5% from 2019 to 2023.

Looking ahead, with the continuous and in-depth application of emerging technologies across various industries and the growing demand for intelligent integration solutions from downstream end-users, the market scale of China's intelligent integration solutions industry is expected to further expand. It is estimated that by 2028, the market scale will reach RMB 3.7636 trillion, with a compound annual growth rate of 15.6% from 2023 to 2028.

It is worth mentioning that as the political, cultural, and economic center of China, the North China region, consisting of Beijing, Tianjin, and Hebei Province, has always received high attention from the government for its intelligent development. In recent years, the Chinese government has continuously introduced relevant policies to actively promote the development of the North China region. It is expected that the market scale for intelligent integration solutions in this region will grow at a rate exceeding the national average over the next few years, with an annual compound growth rate of 15.9% from 2023 to 2028.

Source: Frost & Sullivan report

With the advancement of intelligent technology, construction, management, and operational concepts across various industries are undergoing profound changes. Previously, industries in China often emphasized construction over post-construction management. However, with the intelligent upgrade of overall solutions, enterprises are paying more attention to effective management and long-term operations after construction. This shift in concept has driven the growth in demand for the intelligent overall solution industry in China.

The intelligent integration solution industry is characterized by rapid technological updates and frequent product upgrades. With the continuous progress and development of cutting-edge technologies such as artificial intelligence, big data, and cloud computing, the intelligent development of integration solutions has become a core trend. The continuous advancement and industrial implementation of these frontier technologies will continue to generate new demands, trends, and models for the development of intelligent integration solutions, thereby driving comprehensive industry progress and providing numerous development opportunities for market participants.

The Chinese mainland has vigorously promoted low-carbon green development and introduced a number of environmental protection policies to encourage industries to reduce carbon emissions. The intelligent integration solution industry is increasingly favored due to its advantages such as helping to alleviate social resource pressure, promoting a low-carbon economy, and improving energy efficiency. The implementation of green and low-carbon policies will further promote the development of this industry. To support the long-term development of the intelligent integration solution industry, the state has continuously introduced policies to accelerate the intelligent transformation of various industries, which has stimulated demand for intelligent integration solution products and driven industry growth.

The level of intelligence in various industries across our country is still in a stage of rapid growth. With the promulgation and implementation of a series of national policies that place great emphasis on the intelligent transformation of infrastructure, such as the '14th Five-Year Plan' for national urban infrastructure construction, the process of intelligent construction across the country is accelerating. At the same time, the construction achievements brought about by intelligent comprehensive solutions are gradually spreading from the national level to all aspects of people's lives, and from individual developed urban areas to all districts, counties, and rural areas across the country. In the future, as the downstream application scenarios of intelligent comprehensive solutions continue to expand, the penetration rate of intelligence in various industries across our country will be further enhanced. The demand for intelligent comprehensive solutions from end-users will be further unleashed, thereby bringing new growth points and broad market development space to the industry.

With the rapid development of emerging technologies represented by artificial intelligence, cloud computing, big data, and the Internet of Things, as well as the continuous maturation of commercial applications of these technologies, the real economy, represented by infrastructure, has continuously benefited. The application and development of technology will closely follow the direction of national policies and be deeply integrated with the real economy, continuously empowering different downstream sub-application areas of China's intelligent comprehensive solutions, and promoting the intelligent transformation and upgrading of different sub-fields. The iterative upgrade of the core technology of intelligent comprehensive solution providers can not only provide more efficient solutions for various industries, enabling the simultaneous upgrading or reconstruction of existing construction content, but also provide practical new solutions for industry problems that could not be solved in the past. This stimulates various industries to release new intelligent construction demands and drives continuous market growth.

Software products involve the in-depth cross-integration of advanced artificial intelligence, big data, industrial Internet, quantum computing, and other new-generation information technologies. They can continuously stimulate the innovative vitality of production factors and are an important support for promoting the high-quality development of the intelligent comprehensive solution industry. Against the backdrop of increasingly fierce competition in China's intelligent comprehensive solution industry, the technical content and service proportion of the industry are constantly increasing. Based on a deep understanding of customer needs, the targeted development of industry application software products that can better meet customer requirements largely determines a company's market competitiveness and sustainable development ability. In the future, more and more intelligent comprehensive solution manufacturers will deploy customized software to provide customized software products for different downstream sub-sectors to create personalized solutions that meet different customer needs. The proportion of software products in the intelligent comprehensive solution industry, such as big data management platforms, distributed storage, cloud management, SDKs, etc., will continue to increase.

In recent years, with the rapid development of industries such as intelligent manufacturing and infrastructure construction in China, domestic intelligent comprehensive solution products and services have achieved varying degrees of substitution for imported products. In the future, with the country's emphasis on and support for independent innovation, the localization substitution of intelligent comprehensive solution products will become a long-term trend. As domestic intelligent comprehensive solution manufacturers gain a better understanding of user needs in the local market and improve product maturity, more and more manufacturers will gradually conduct independent research and development and innovation on traditional solutions based on advanced technologies such as big data and cloud computing, achieving self-control over key data and core technologies, seizing the development opportunities of localization of intelligent comprehensive solutions, and promoting the sustainable development of the entire industry.

According to Frost & Sullivan's data, the intelligent integration solution market in China is highly fragmented. As of December 31, 2023, more than 10,000 service providers across the country have obtained the relevant qualifications required in different fields and are capable of providing intelligent integration solutions for various vertical industries.

As an intelligent integration product and solution provider with industry attributes and business capabilities, the company can provide customers with a one-stop comprehensive service covering consultation, design, procurement of materials and equipment and software, installation, integration, testing, operation and maintenance. With profound industry experience and strong technical strength, the company has won wide recognition from many well-known enterprises in China, including international airports in first-tier cities and renowned public universities. In addition, the company has extensive high-level qualifications in multiple key industry sectors, enabling it to undertake various large-scale projects and continuously promote the continuous expansion of its business scale.