Risecomm Group Holdings (1679) Stock Overview

Risecomm Group Holdings Limited, an investment holding company, designs and develops application-specific integrated circuits (ASICs) in the People's Republic of China. It operates through two segments, Automated Meter Reading (AMR) and Other Business; and Smart Manufacturing & Industrial Automation System (SMIA) Business. The AMR and Other Business segment designs, develops, and sells power-line communication products; energy saving products; and environmental protection products and solutions that are used in streetlight control, building energy management, photovoltaic power management, etc. This segment also provides maintenance services in connection with the deployment and upgrading of AMR systems by power grid companies. The SMIA Business segment sells software license, production safety products, and construction contracts, as well as provides software post-contract customer support services, including smart manufacturing and industrial automation system. It also offers building energy management systems, such as smart energy management systems; streetlight control systems; and photovoltaic power management systems. In addition, the company provides vehicle rental services. Risecomm Group Holdings Limited was founded in 2006 and is headquartered in Shenzhen, the People's Republic of China.