View ValuationRuijie Networks 향후 성장Future 기준 점검 6/6Ruijie Networks (는) 각각 연간 39.9% 및 23.6% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 39.6% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 30.1% 로 예상됩니다.핵심 정보39.9%이익 성장률39.59%EPS 성장률Communications 이익 성장45.2%매출 성장률23.6%향후 자기자본이익률30.12%애널리스트 커버리지Low마지막 업데이트09 Jun 2026최근 향후 성장 업데이트Price Target Changed • May 25Price target decreased by 8.3% to CN¥73.03Down from CN¥79.61, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥72.00. Stock is up 111% over the past year. The company is forecast to post earnings per share of CN¥1.18 for next year compared to CN¥0.63 last year.Major Estimate Revision • May 25Consensus EPS estimates fall by 19%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from CN¥1.44 to CN¥1.18. Revenue forecast unchanged from CN¥19.9b at last update. Net income forecast to grow 129% next year vs 112% growth forecast for Communications industry in China. Consensus price target down from CN¥79.61 to CN¥73.03. Share price rose 5.9% to CN¥72.00 over the past week.Major Estimate Revision • Aug 28Consensus EPS estimates increase by 29%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥14.1b to CN¥15.2b. EPS estimate increased from CN¥1.10 to CN¥1.42 per share. Net income forecast to grow 37% next year vs 50% growth forecast for Communications industry in China. Consensus price target up from CN¥66.38 to CN¥87.07. Share price rose 15% to CN¥93.70 over the past week.Price Target Changed • May 23Price target increased by 11% to CN¥75.17Up from CN¥67.75, the current price target is an average from 4 analysts. New target price is 14% above last closing price of CN¥66.00. Stock is up 86% over the past year. The company is forecast to post earnings per share of CN¥1.36 for next year compared to CN¥1.01 last year.Major Estimate Revision • Apr 09Consensus EPS estimates increase by 11%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from CN¥14.8b to CN¥14.3b. EPS estimate rose from CN¥1.25 to CN¥1.39. Net income forecast to grow 37% next year vs 56% growth forecast for Communications industry in China. Consensus price target up from CN¥55.74 to CN¥65.70. Share price fell 11% to CN¥61.42 over the past week.Major Estimate Revision • Oct 31Consensus EPS estimates increase by 10%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CN¥13.2b to CN¥12.7b. EPS estimate rose from CN¥0.864 to CN¥0.953. Net income forecast to grow 25% next year vs 65% growth forecast for Communications industry in China. Consensus price target up from CN¥40.46 to CN¥55.74. Share price was steady at CN¥51.39 over the past week.모든 업데이트 보기Recent updatesPrice Target Changed • May 25Price target decreased by 8.3% to CN¥73.03Down from CN¥79.61, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥72.00. Stock is up 111% over the past year. The company is forecast to post earnings per share of CN¥1.18 for next year compared to CN¥0.63 last year.Major Estimate Revision • May 25Consensus EPS estimates fall by 19%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from CN¥1.44 to CN¥1.18. Revenue forecast unchanged from CN¥19.9b at last update. Net income forecast to grow 129% next year vs 112% growth forecast for Communications industry in China. Consensus price target down from CN¥79.61 to CN¥73.03. Share price rose 5.9% to CN¥72.00 over the past week.Declared Dividend • May 18Dividend of CN¥0.53 announcedShareholders will receive a dividend of CN¥0.53. Ex-date: 25th May 2026 Payment date: 25th May 2026 Dividend yield will be 0.6%, which is lower than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 181% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Apr 21Ruijie Networks Co., Ltd., Annual General Meeting, May 13, 2026Ruijie Networks Co., Ltd., Annual General Meeting, May 13, 2026, at 14:30 China Standard Time. Location: 16F, Tower B, No. 33, Xingang Avenue, Hi-tech Zone, Minhou County, Fuzhou, Fujian China공시 • Mar 31Ruijie Networks Co., Ltd. to Report Q1, 2026 Results on Apr 21, 2026Ruijie Networks Co., Ltd. announced that they will report Q1, 2026 results on Apr 21, 2026Reported Earnings • Mar 29Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥0.88 (up from CN¥0.72 in FY 2024). Revenue: CN¥14.3b (up 22% from FY 2024). Net income: CN¥696.4m (up 21% from FY 2024). Profit margin: 4.9% (in line with FY 2024). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 33%. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 29% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Feb 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.8% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Valuation Update With 7 Day Price Move • Feb 12Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥84.55, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 49x in the Communications industry in China. Total returns to shareholders of 203% over the past three years.공시 • Dec 31Ruijie Networks Co., Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026Ruijie Networks Co., Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026Reported Earnings • Oct 22Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: CN¥0.29 (down from CN¥0.32 in 3Q 2024). Revenue: CN¥4.03b (up 21% from 3Q 2024). Net income: CN¥228.3m (down 12% from 3Q 2024). Profit margin: 5.7% (down from 7.7% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China.공시 • Sep 30Ruijie Networks Co., Ltd. to Report Q3, 2025 Results on Oct 22, 2025Ruijie Networks Co., Ltd. announced that they will report Q3, 2025 results on Oct 22, 2025Valuation Update With 7 Day Price Move • Sep 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥85.28, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 46x in the Communications industry in China. Total returns to shareholders of 294% over the past year.Major Estimate Revision • Aug 28Consensus EPS estimates increase by 29%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥14.1b to CN¥15.2b. EPS estimate increased from CN¥1.10 to CN¥1.42 per share. Net income forecast to grow 37% next year vs 50% growth forecast for Communications industry in China. Consensus price target up from CN¥66.38 to CN¥87.07. Share price rose 15% to CN¥93.70 over the past week.Reported Earnings • Aug 23Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: CN¥0.43 (up from CN¥0.19 in 2Q 2024). Revenue: CN¥4.11b (up 42% from 2Q 2024). Net income: CN¥344.9m (up 128% from 2Q 2024). Profit margin: 8.4% (up from 5.2% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) missed analyst estimates by 38%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in China.New Risk • Aug 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change).공시 • Jul 02Ruijie Networks Co., Ltd. to Report First Half, 2025 Results on Aug 22, 2025Ruijie Networks Co., Ltd. announced that they will report first half, 2025 results on Aug 22, 2025Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥61.01, the stock trades at a forward P/E ratio of 61x. Average forward P/E is 46x in the Communications industry in China. Total returns to shareholders of 194% over the past year.Declared Dividend • May 29Dividend increased to CN¥0.61Dividend of CN¥0.61 is 8.2% higher than last year. Ex-date: 4th June 2025 Payment date: 4th June 2025 Dividend yield will be 0.9%, which is lower than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 64% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Price Target Changed • May 23Price target increased by 11% to CN¥75.17Up from CN¥67.75, the current price target is an average from 4 analysts. New target price is 14% above last closing price of CN¥66.00. Stock is up 86% over the past year. The company is forecast to post earnings per share of CN¥1.36 for next year compared to CN¥1.01 last year.공시 • Apr 29Ruijie Networks Co., Ltd., Annual General Meeting, May 21, 2025Ruijie Networks Co., Ltd., Annual General Meeting, May 21, 2025, at 14:30 China Standard Time.Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥68.89, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 39x in the Communications industry in China. Total returns to shareholders of 94% over the past year.Board Change • Apr 12High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Zhong Ma was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Major Estimate Revision • Apr 09Consensus EPS estimates increase by 11%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from CN¥14.8b to CN¥14.3b. EPS estimate rose from CN¥1.25 to CN¥1.39. Net income forecast to grow 37% next year vs 56% growth forecast for Communications industry in China. Consensus price target up from CN¥55.74 to CN¥65.70. Share price fell 11% to CN¥61.42 over the past week.공시 • Apr 04Ruijie Networks Co., Ltd. Proposes Final Cash Dividend for the Year 2024On 3 April, 2025, Ruijie Networks Co., Ltd. announced the profit distribution proposal for 2024 as follows: Cash dividend/10 shares (tax included): CNY 6.06000000.Reported Earnings • Apr 03Full year 2024 earnings: EPS in line with expectations, revenues disappointFull year 2024 results: EPS: CN¥1.01 (up from CN¥0.71 in FY 2023). Revenue: CN¥11.7b (up 1.4% from FY 2023). Net income: CN¥574.1m (up 43% from FY 2023). Profit margin: 4.9% (up from 3.5% in FY 2023). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Communications industry in China.공시 • Mar 31Ruijie Networks Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Ruijie Networks Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025Valuation Update With 7 Day Price Move • Mar 25Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥67.21, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 43x in the Communications industry in China. Total returns to shareholders of 79% over the past year.Valuation Update With 7 Day Price Move • Mar 03Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥73.39, the stock trades at a forward P/E ratio of 62x. Average forward P/E is 37x in the Communications industry in China. Total returns to shareholders of 85% over the past year.New Risk • Feb 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (21% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Valuation Update With 7 Day Price Move • Jan 02Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥69.94, the stock trades at a forward P/E ratio of 59x. Average forward P/E is 31x in the Communications industry in China. Total returns to shareholders of 92% over the past year.공시 • Dec 31Ruijie Networks Co., Ltd. to Report Fiscal Year 2024 Results on Apr 03, 2025Ruijie Networks Co., Ltd. announced that they will report fiscal year 2024 results on Apr 03, 2025New Risk • Dec 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (11% average weekly change).Valuation Update With 7 Day Price Move • Dec 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥56.20, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 32x in the Communications industry in China. Total returns to shareholders of 47% over the past year.공시 • Nov 26Ruijie Networks Co., Ltd. Announces Executive ChangesRuijie Networks Co., Ltd. at its EGM held on November 22, 2024, approved following appointments: Ruan Jiayong, non-independent director; Huang Changhong, non-independent director; Zheng Weitong, non-independent director; Ma Zhong, independent director; Niu Yuzhen, independent director; Huang Wei, independent director.Major Estimate Revision • Oct 31Consensus EPS estimates increase by 10%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CN¥13.2b to CN¥12.7b. EPS estimate rose from CN¥0.864 to CN¥0.953. Net income forecast to grow 25% next year vs 65% growth forecast for Communications industry in China. Consensus price target up from CN¥40.46 to CN¥55.74. Share price was steady at CN¥51.39 over the past week.Price Target Changed • Oct 26Price target increased by 17% to CN¥47.19Up from CN¥40.46, the current price target is an average from 3 analysts. New target price is 7.1% below last closing price of CN¥50.77. Stock is up 37% over the past year. The company is forecast to post earnings per share of CN¥0.88 for next year compared to CN¥0.71 last year.Reported Earnings • Oct 25Third quarter 2024 earnings released: EPS: CN¥0.45 (vs CN¥0.24 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.45 (up from CN¥0.24 in 3Q 2023). Revenue: CN¥3.33b (up 6.8% from 3Q 2023). Net income: CN¥258.0m (up 86% from 3Q 2023). Profit margin: 7.7% (up from 4.5% in 3Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China.New Risk • Sep 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.5% average weekly change).공시 • Sep 30Ruijie Networks Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024Ruijie Networks Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥36.15, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 23x in the Communications industry in China. Total loss to shareholders of 16% over the past year.Reported Earnings • Aug 23Second quarter 2024 earnings released: EPS: CN¥0.26 (vs CN¥0.036 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.26 (up from CN¥0.036 in 2Q 2023). Revenue: CN¥2.90b (up 8.1% from 2Q 2023). Net income: CN¥151.5m (up CN¥131.2m from 2Q 2023). Profit margin: 5.2% (up from 0.8% in 2Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China.Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥34.48, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 26x in the Communications industry in China. Total loss to shareholders of 34% over the past year.공시 • Jun 29Ruijie Networks Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024Ruijie Networks Co., Ltd. announced that they will report first half, 2024 results on Aug 23, 2024Declared Dividend • May 30Dividend reduced to CN¥0.56Dividend of CN¥0.56 is 30% lower than last year. Ex-date: 4th June 2024 Payment date: 4th June 2024 Dividend yield will be 1.8%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is not covered by earnings (111% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to grow by 23% to bring the payout ratio under control. EPS is expected to grow by 146% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.Reported Earnings • Apr 28First quarter 2024 earnings released: EPS: CN¥0.004 (vs CN¥0.21 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.004 (down from CN¥0.21 in 1Q 2023). Revenue: CN¥2.15b (flat on 1Q 2023). Net income: CN¥2.31m (down 98% from 1Q 2023). Profit margin: 0.1% (down from 5.5% in 1Q 2023). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Communications industry in China.공시 • Apr 28Ruijie Networks Co., Ltd., Annual General Meeting, May 21, 2024Ruijie Networks Co., Ltd., Annual General Meeting, May 21, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Fuzhou, Fujian China Agenda: To consider 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; to consider 2023 annual report and its summary; to consider 2023 annual accounts report; to consider 2023 profit distribution plan; to consider Confirmation of 2023 audit fees; to consider Confirmation of 2023 connected transactions and estimation of 2024 continuing connected transaction quota; and to consider other business matters.Price Target Changed • Apr 16Price target decreased by 9.4% to CN¥46.34Down from CN¥51.16, the current price target is an average from 3 analysts. New target price is 38% above last closing price of CN¥33.51. Stock is down 44% over the past year. The company is forecast to post earnings per share of CN¥1.00 for next year compared to CN¥0.71 last year.Major Estimate Revision • Apr 04Consensus revenue estimates fall by 11%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥16.4b to CN¥14.6b. EPS estimate fell from CN¥1.55 to CN¥1.08 per share. Net income forecast to grow 52% next year vs 60% growth forecast for Communications industry in China. Consensus price target broadly unchanged at CN¥50.75. Share price was steady at CN¥38.65 over the past week.New Risk • Apr 02New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 50% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results.Reported Earnings • Mar 30Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥0.71 (down from CN¥1.09 in FY 2022). Revenue: CN¥11.5b (up 1.9% from FY 2022). Net income: CN¥401.2m (down 27% from FY 2022). Profit margin: 3.5% (down from 4.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China.공시 • Mar 30Ruijie Networks Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024Ruijie Networks Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥34.96, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 24x in the Communications industry in China. Total loss to shareholders of 16% over the past year.New Risk • Feb 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 142% Cash payout ratio: 104% Dividend is not well covered by earnings and cash flows. Payout ratio: 142% Cash payout ratio: 104% Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.7% net profit margin). Profit margins are more than 30% lower than last year (2.7% net profit margin).Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥28.06, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 21x in the Communications industry in China. Total loss to shareholders of 28% over the past year.공시 • Dec 29Ruijie Networks Co., Ltd. to Report Fiscal Year 2023 Results on Mar 29, 2024Ruijie Networks Co., Ltd. announced that they will report fiscal year 2023 results on Mar 29, 2024Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥42.50, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 28x in the Communications industry in China.Reported Earnings • Oct 27Third quarter 2023 earnings releasedThird quarter 2023 results: EPS: CN¥0.24. Net income: CN¥139.0m (up CN¥139.0m from 3Q 2022). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China.공시 • Aug 29Ruijie Networks Launches OEM and ODM Services in Malaysia to Contribute to the Development of the Digital EconomyRuijie Networks has launched OEM and ODM services for ICT network products in the Malaysia recently, covering wireless products, campus network devices, and data center switches. Leveraging its supply chain advantages and advanced manufacturing capabilities, Ruijie can offer flexible and high-quality OEM&ODM services tailored to meet customer demands, thereby helping enterprises integrate resources and maximize business benefits to help accelerate digital transformation. The OEM&ODM services launched in the Malaysia include Standard ODM service, solution-based ODM service, and JDM service. Ruijie has set up local teams to provide high-quality and high-speed services to local customers. Enterprises highly value the autonomous production capabilities, advanced manufacturing processes, and core component supply ability of the OEM&ODM services. With 23 autonomous production lines, Ruijie is at the forefront of the industry in terms of main chip installation capabilities and key connector manufacturing processes. Meanwhile, Ruijie has established deep and extensive collaborations with top-tier suppliers to guarantee product supply and joint development and innovation of core components (chips, storage devices, connectors, and fans). Using the OEM&ODM services provided by Ruijie in Malaysia, enterprises will have the opportunity to benefit from their cutting-edge technologies and efficient production processes. This strategic move is expected to promote innovation and cooperation in the Malaysia ICT field, enabling enterprises to gain higher operational achievements and competitiveness in the global market.Reported Earnings • Aug 25Second quarter 2023 earnings released: EPS: CN¥0.036 (vs CN¥0.30 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.036 (down from CN¥0.30 in 2Q 2022). Revenue: CN¥2.68b (up 7.2% from 2Q 2022). Net income: CN¥20.3m (down 86% from 2Q 2022). Profit margin: 0.8% (down from 6.0% in 2Q 2022). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in China.공시 • Aug 03Ruijie Networks Launches OEM and ODM Services in Europe to Help Enterprises Increase BenefitsRuijie Networks has launched OEM and ODM services for ICT network products in the European region recently, covering wireless products, campus network devices, and data center switches. Leveraging its supply chain advantages and advanced manufacturing capabilities, Ruijie can offer flexible and high-quality OEM and ODM services tailored to meet customer demands, thereby helping European enterprises integrate resources and maximize business benefits. As a leading supplier in the ICT industry, Ruijie has served over 60 countries and regions worldwide, with OEM&ODM services available in 10 countries. The OEM&ODM services launched in the European region include Standard ODM service, solution-based ODM service, and JDM service. Ruijie has set up local teams to provide high-quality and high-speed services to local customers. Enterprises highly value the autonomous production capabilities, advanced manufacturing processes, and core component supply ability of the OEM and ODM services. With 23 autonomous production lines, Ruijie is at the forefront of the industry in terms of main chip installation capabilities and key connector manufacturing processes. Meanwhile, Ruijie has established deep and extensive collaborations with top-tier suppliers to guarantee product supply and joint development and innovation of core components (chips, storage devices, connectors, and fans). Using the OEM and ODM services provided by Ruijie in Europe, European enterprises will have the opportunity to benefit from their cutting-edge technologies and efficient production processes. This strategic move is expected to promote innovation and cooperation in the European ICT field, enabling enterprises to gain higher operational achievements and competitiveness in the global market.Valuation Update With 7 Day Price Move • Jun 21Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥68.70, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 32x in the Communications industry in China.Valuation Update With 7 Day Price Move • May 29Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥53.60, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 27x in the Communications industry in China.공시 • May 25Ruijie Networks Co., Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on May 31, 2023Ruijie Networks Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 8.00000000 on A shares for the year 2022. Record date is May 30, 2023. Ex-date is May 31, 2023. Payment date is May 31, 2023.공시 • May 20Ruijie Networks Co., Ltd. Approves Cash Dividend for 2022Ruijie Networks Co., Ltd. announced that at its AGM held on 18 May 2023, the shareholders approved 2022 profit distribution plan as cash dividend/10 shares (tax included): CNY 8.00000000.Valuation Update With 7 Day Price Move • May 02Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to CN¥53.40, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 26x in the Communications industry in China.Reported Earnings • Apr 26First quarter 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.22 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.21. Revenue: CN¥2.15b (up 6.4% from 1Q 2022). Net income: CN¥119.4m (up 7.4% from 1Q 2022). Profit margin: 5.5% (in line with 1Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Communications industry in China.이익 및 매출 성장 예측SZSE:301165 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202828,7812,552N/A3,073212/31/202723,3211,922N/A2,128312/31/202618,5141,404N/A1,23323/31/202614,7797121,0231,243N/A12/31/202514,3166961,5791,828N/A9/30/202514,002843409742N/A6/30/202513,3048727401,127N/A3/31/202512,088679464879N/A12/31/202411,699574-266219N/A9/30/202411,968534-211270N/A6/30/202411,754415-490-55N/A3/31/202411,536284-603-213N/A12/31/202311,542401558869N/A9/30/202311,770315437673N/A6/30/202311,634431534791N/A3/31/202311,45556046296N/A1/1/202311,326552-463-246N/A6/30/202210,341496-401-248N/A3/31/20229,526457-232-86N/A1/1/20229,189458603749N/A12/31/20206,69831021268N/A12/31/20195,220393N/A216N/A12/31/20184,282352N/A266N/A12/31/20173,788330N/A271N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 301165 의 연간 예상 수익 증가율(39.9%)이 saving rate(2.4%)보다 높습니다.수익 vs 시장: 301165 의 연간 수익(39.9%)이 CN 시장(26.7%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 301165 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 301165 의 수익(연간 23.6%)이 CN 시장(연간 16.3%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 301165 의 수익(연간 23.6%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 301165의 자본 수익률은 3년 후 30.1%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YTech 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/12 06:03종가2026/06/12 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Ruijie Networks Co., Ltd.는 9명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Xinyi ZhengChina International Capital Corporation LimitedHeran LiCitic Securities Co., Ltd.Allen ChangGoldman Sachs6명의 분석가 더 보기
Price Target Changed • May 25Price target decreased by 8.3% to CN¥73.03Down from CN¥79.61, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥72.00. Stock is up 111% over the past year. The company is forecast to post earnings per share of CN¥1.18 for next year compared to CN¥0.63 last year.
Major Estimate Revision • May 25Consensus EPS estimates fall by 19%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from CN¥1.44 to CN¥1.18. Revenue forecast unchanged from CN¥19.9b at last update. Net income forecast to grow 129% next year vs 112% growth forecast for Communications industry in China. Consensus price target down from CN¥79.61 to CN¥73.03. Share price rose 5.9% to CN¥72.00 over the past week.
Major Estimate Revision • Aug 28Consensus EPS estimates increase by 29%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥14.1b to CN¥15.2b. EPS estimate increased from CN¥1.10 to CN¥1.42 per share. Net income forecast to grow 37% next year vs 50% growth forecast for Communications industry in China. Consensus price target up from CN¥66.38 to CN¥87.07. Share price rose 15% to CN¥93.70 over the past week.
Price Target Changed • May 23Price target increased by 11% to CN¥75.17Up from CN¥67.75, the current price target is an average from 4 analysts. New target price is 14% above last closing price of CN¥66.00. Stock is up 86% over the past year. The company is forecast to post earnings per share of CN¥1.36 for next year compared to CN¥1.01 last year.
Major Estimate Revision • Apr 09Consensus EPS estimates increase by 11%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from CN¥14.8b to CN¥14.3b. EPS estimate rose from CN¥1.25 to CN¥1.39. Net income forecast to grow 37% next year vs 56% growth forecast for Communications industry in China. Consensus price target up from CN¥55.74 to CN¥65.70. Share price fell 11% to CN¥61.42 over the past week.
Major Estimate Revision • Oct 31Consensus EPS estimates increase by 10%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CN¥13.2b to CN¥12.7b. EPS estimate rose from CN¥0.864 to CN¥0.953. Net income forecast to grow 25% next year vs 65% growth forecast for Communications industry in China. Consensus price target up from CN¥40.46 to CN¥55.74. Share price was steady at CN¥51.39 over the past week.
Price Target Changed • May 25Price target decreased by 8.3% to CN¥73.03Down from CN¥79.61, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥72.00. Stock is up 111% over the past year. The company is forecast to post earnings per share of CN¥1.18 for next year compared to CN¥0.63 last year.
Major Estimate Revision • May 25Consensus EPS estimates fall by 19%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from CN¥1.44 to CN¥1.18. Revenue forecast unchanged from CN¥19.9b at last update. Net income forecast to grow 129% next year vs 112% growth forecast for Communications industry in China. Consensus price target down from CN¥79.61 to CN¥73.03. Share price rose 5.9% to CN¥72.00 over the past week.
Declared Dividend • May 18Dividend of CN¥0.53 announcedShareholders will receive a dividend of CN¥0.53. Ex-date: 25th May 2026 Payment date: 25th May 2026 Dividend yield will be 0.6%, which is lower than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 181% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Apr 21Ruijie Networks Co., Ltd., Annual General Meeting, May 13, 2026Ruijie Networks Co., Ltd., Annual General Meeting, May 13, 2026, at 14:30 China Standard Time. Location: 16F, Tower B, No. 33, Xingang Avenue, Hi-tech Zone, Minhou County, Fuzhou, Fujian China
공시 • Mar 31Ruijie Networks Co., Ltd. to Report Q1, 2026 Results on Apr 21, 2026Ruijie Networks Co., Ltd. announced that they will report Q1, 2026 results on Apr 21, 2026
Reported Earnings • Mar 29Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥0.88 (up from CN¥0.72 in FY 2024). Revenue: CN¥14.3b (up 22% from FY 2024). Net income: CN¥696.4m (up 21% from FY 2024). Profit margin: 4.9% (in line with FY 2024). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 33%. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 29% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Feb 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.8% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Valuation Update With 7 Day Price Move • Feb 12Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥84.55, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 49x in the Communications industry in China. Total returns to shareholders of 203% over the past three years.
공시 • Dec 31Ruijie Networks Co., Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026Ruijie Networks Co., Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026
Reported Earnings • Oct 22Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: CN¥0.29 (down from CN¥0.32 in 3Q 2024). Revenue: CN¥4.03b (up 21% from 3Q 2024). Net income: CN¥228.3m (down 12% from 3Q 2024). Profit margin: 5.7% (down from 7.7% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China.
공시 • Sep 30Ruijie Networks Co., Ltd. to Report Q3, 2025 Results on Oct 22, 2025Ruijie Networks Co., Ltd. announced that they will report Q3, 2025 results on Oct 22, 2025
Valuation Update With 7 Day Price Move • Sep 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥85.28, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 46x in the Communications industry in China. Total returns to shareholders of 294% over the past year.
Major Estimate Revision • Aug 28Consensus EPS estimates increase by 29%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥14.1b to CN¥15.2b. EPS estimate increased from CN¥1.10 to CN¥1.42 per share. Net income forecast to grow 37% next year vs 50% growth forecast for Communications industry in China. Consensus price target up from CN¥66.38 to CN¥87.07. Share price rose 15% to CN¥93.70 over the past week.
Reported Earnings • Aug 23Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: CN¥0.43 (up from CN¥0.19 in 2Q 2024). Revenue: CN¥4.11b (up 42% from 2Q 2024). Net income: CN¥344.9m (up 128% from 2Q 2024). Profit margin: 8.4% (up from 5.2% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) missed analyst estimates by 38%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in China.
New Risk • Aug 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change).
공시 • Jul 02Ruijie Networks Co., Ltd. to Report First Half, 2025 Results on Aug 22, 2025Ruijie Networks Co., Ltd. announced that they will report first half, 2025 results on Aug 22, 2025
Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥61.01, the stock trades at a forward P/E ratio of 61x. Average forward P/E is 46x in the Communications industry in China. Total returns to shareholders of 194% over the past year.
Declared Dividend • May 29Dividend increased to CN¥0.61Dividend of CN¥0.61 is 8.2% higher than last year. Ex-date: 4th June 2025 Payment date: 4th June 2025 Dividend yield will be 0.9%, which is lower than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 64% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Price Target Changed • May 23Price target increased by 11% to CN¥75.17Up from CN¥67.75, the current price target is an average from 4 analysts. New target price is 14% above last closing price of CN¥66.00. Stock is up 86% over the past year. The company is forecast to post earnings per share of CN¥1.36 for next year compared to CN¥1.01 last year.
공시 • Apr 29Ruijie Networks Co., Ltd., Annual General Meeting, May 21, 2025Ruijie Networks Co., Ltd., Annual General Meeting, May 21, 2025, at 14:30 China Standard Time.
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥68.89, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 39x in the Communications industry in China. Total returns to shareholders of 94% over the past year.
Board Change • Apr 12High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Zhong Ma was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Major Estimate Revision • Apr 09Consensus EPS estimates increase by 11%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from CN¥14.8b to CN¥14.3b. EPS estimate rose from CN¥1.25 to CN¥1.39. Net income forecast to grow 37% next year vs 56% growth forecast for Communications industry in China. Consensus price target up from CN¥55.74 to CN¥65.70. Share price fell 11% to CN¥61.42 over the past week.
공시 • Apr 04Ruijie Networks Co., Ltd. Proposes Final Cash Dividend for the Year 2024On 3 April, 2025, Ruijie Networks Co., Ltd. announced the profit distribution proposal for 2024 as follows: Cash dividend/10 shares (tax included): CNY 6.06000000.
Reported Earnings • Apr 03Full year 2024 earnings: EPS in line with expectations, revenues disappointFull year 2024 results: EPS: CN¥1.01 (up from CN¥0.71 in FY 2023). Revenue: CN¥11.7b (up 1.4% from FY 2023). Net income: CN¥574.1m (up 43% from FY 2023). Profit margin: 4.9% (up from 3.5% in FY 2023). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Communications industry in China.
공시 • Mar 31Ruijie Networks Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Ruijie Networks Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025
Valuation Update With 7 Day Price Move • Mar 25Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥67.21, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 43x in the Communications industry in China. Total returns to shareholders of 79% over the past year.
Valuation Update With 7 Day Price Move • Mar 03Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥73.39, the stock trades at a forward P/E ratio of 62x. Average forward P/E is 37x in the Communications industry in China. Total returns to shareholders of 85% over the past year.
New Risk • Feb 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (21% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Valuation Update With 7 Day Price Move • Jan 02Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥69.94, the stock trades at a forward P/E ratio of 59x. Average forward P/E is 31x in the Communications industry in China. Total returns to shareholders of 92% over the past year.
공시 • Dec 31Ruijie Networks Co., Ltd. to Report Fiscal Year 2024 Results on Apr 03, 2025Ruijie Networks Co., Ltd. announced that they will report fiscal year 2024 results on Apr 03, 2025
New Risk • Dec 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (11% average weekly change).
Valuation Update With 7 Day Price Move • Dec 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥56.20, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 32x in the Communications industry in China. Total returns to shareholders of 47% over the past year.
공시 • Nov 26Ruijie Networks Co., Ltd. Announces Executive ChangesRuijie Networks Co., Ltd. at its EGM held on November 22, 2024, approved following appointments: Ruan Jiayong, non-independent director; Huang Changhong, non-independent director; Zheng Weitong, non-independent director; Ma Zhong, independent director; Niu Yuzhen, independent director; Huang Wei, independent director.
Major Estimate Revision • Oct 31Consensus EPS estimates increase by 10%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CN¥13.2b to CN¥12.7b. EPS estimate rose from CN¥0.864 to CN¥0.953. Net income forecast to grow 25% next year vs 65% growth forecast for Communications industry in China. Consensus price target up from CN¥40.46 to CN¥55.74. Share price was steady at CN¥51.39 over the past week.
Price Target Changed • Oct 26Price target increased by 17% to CN¥47.19Up from CN¥40.46, the current price target is an average from 3 analysts. New target price is 7.1% below last closing price of CN¥50.77. Stock is up 37% over the past year. The company is forecast to post earnings per share of CN¥0.88 for next year compared to CN¥0.71 last year.
Reported Earnings • Oct 25Third quarter 2024 earnings released: EPS: CN¥0.45 (vs CN¥0.24 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.45 (up from CN¥0.24 in 3Q 2023). Revenue: CN¥3.33b (up 6.8% from 3Q 2023). Net income: CN¥258.0m (up 86% from 3Q 2023). Profit margin: 7.7% (up from 4.5% in 3Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China.
New Risk • Sep 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.5% average weekly change).
공시 • Sep 30Ruijie Networks Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024Ruijie Networks Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024
Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥36.15, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 23x in the Communications industry in China. Total loss to shareholders of 16% over the past year.
Reported Earnings • Aug 23Second quarter 2024 earnings released: EPS: CN¥0.26 (vs CN¥0.036 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.26 (up from CN¥0.036 in 2Q 2023). Revenue: CN¥2.90b (up 8.1% from 2Q 2023). Net income: CN¥151.5m (up CN¥131.2m from 2Q 2023). Profit margin: 5.2% (up from 0.8% in 2Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China.
Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥34.48, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 26x in the Communications industry in China. Total loss to shareholders of 34% over the past year.
공시 • Jun 29Ruijie Networks Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024Ruijie Networks Co., Ltd. announced that they will report first half, 2024 results on Aug 23, 2024
Declared Dividend • May 30Dividend reduced to CN¥0.56Dividend of CN¥0.56 is 30% lower than last year. Ex-date: 4th June 2024 Payment date: 4th June 2024 Dividend yield will be 1.8%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is not covered by earnings (111% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to grow by 23% to bring the payout ratio under control. EPS is expected to grow by 146% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
Reported Earnings • Apr 28First quarter 2024 earnings released: EPS: CN¥0.004 (vs CN¥0.21 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.004 (down from CN¥0.21 in 1Q 2023). Revenue: CN¥2.15b (flat on 1Q 2023). Net income: CN¥2.31m (down 98% from 1Q 2023). Profit margin: 0.1% (down from 5.5% in 1Q 2023). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Communications industry in China.
공시 • Apr 28Ruijie Networks Co., Ltd., Annual General Meeting, May 21, 2024Ruijie Networks Co., Ltd., Annual General Meeting, May 21, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Fuzhou, Fujian China Agenda: To consider 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; to consider 2023 annual report and its summary; to consider 2023 annual accounts report; to consider 2023 profit distribution plan; to consider Confirmation of 2023 audit fees; to consider Confirmation of 2023 connected transactions and estimation of 2024 continuing connected transaction quota; and to consider other business matters.
Price Target Changed • Apr 16Price target decreased by 9.4% to CN¥46.34Down from CN¥51.16, the current price target is an average from 3 analysts. New target price is 38% above last closing price of CN¥33.51. Stock is down 44% over the past year. The company is forecast to post earnings per share of CN¥1.00 for next year compared to CN¥0.71 last year.
Major Estimate Revision • Apr 04Consensus revenue estimates fall by 11%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥16.4b to CN¥14.6b. EPS estimate fell from CN¥1.55 to CN¥1.08 per share. Net income forecast to grow 52% next year vs 60% growth forecast for Communications industry in China. Consensus price target broadly unchanged at CN¥50.75. Share price was steady at CN¥38.65 over the past week.
New Risk • Apr 02New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 50% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results.
Reported Earnings • Mar 30Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥0.71 (down from CN¥1.09 in FY 2022). Revenue: CN¥11.5b (up 1.9% from FY 2022). Net income: CN¥401.2m (down 27% from FY 2022). Profit margin: 3.5% (down from 4.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China.
공시 • Mar 30Ruijie Networks Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024Ruijie Networks Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024
Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥34.96, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 24x in the Communications industry in China. Total loss to shareholders of 16% over the past year.
New Risk • Feb 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 142% Cash payout ratio: 104% Dividend is not well covered by earnings and cash flows. Payout ratio: 142% Cash payout ratio: 104% Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.7% net profit margin). Profit margins are more than 30% lower than last year (2.7% net profit margin).
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥28.06, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 21x in the Communications industry in China. Total loss to shareholders of 28% over the past year.
공시 • Dec 29Ruijie Networks Co., Ltd. to Report Fiscal Year 2023 Results on Mar 29, 2024Ruijie Networks Co., Ltd. announced that they will report fiscal year 2023 results on Mar 29, 2024
Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥42.50, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 28x in the Communications industry in China.
Reported Earnings • Oct 27Third quarter 2023 earnings releasedThird quarter 2023 results: EPS: CN¥0.24. Net income: CN¥139.0m (up CN¥139.0m from 3Q 2022). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China.
공시 • Aug 29Ruijie Networks Launches OEM and ODM Services in Malaysia to Contribute to the Development of the Digital EconomyRuijie Networks has launched OEM and ODM services for ICT network products in the Malaysia recently, covering wireless products, campus network devices, and data center switches. Leveraging its supply chain advantages and advanced manufacturing capabilities, Ruijie can offer flexible and high-quality OEM&ODM services tailored to meet customer demands, thereby helping enterprises integrate resources and maximize business benefits to help accelerate digital transformation. The OEM&ODM services launched in the Malaysia include Standard ODM service, solution-based ODM service, and JDM service. Ruijie has set up local teams to provide high-quality and high-speed services to local customers. Enterprises highly value the autonomous production capabilities, advanced manufacturing processes, and core component supply ability of the OEM&ODM services. With 23 autonomous production lines, Ruijie is at the forefront of the industry in terms of main chip installation capabilities and key connector manufacturing processes. Meanwhile, Ruijie has established deep and extensive collaborations with top-tier suppliers to guarantee product supply and joint development and innovation of core components (chips, storage devices, connectors, and fans). Using the OEM&ODM services provided by Ruijie in Malaysia, enterprises will have the opportunity to benefit from their cutting-edge technologies and efficient production processes. This strategic move is expected to promote innovation and cooperation in the Malaysia ICT field, enabling enterprises to gain higher operational achievements and competitiveness in the global market.
Reported Earnings • Aug 25Second quarter 2023 earnings released: EPS: CN¥0.036 (vs CN¥0.30 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.036 (down from CN¥0.30 in 2Q 2022). Revenue: CN¥2.68b (up 7.2% from 2Q 2022). Net income: CN¥20.3m (down 86% from 2Q 2022). Profit margin: 0.8% (down from 6.0% in 2Q 2022). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in China.
공시 • Aug 03Ruijie Networks Launches OEM and ODM Services in Europe to Help Enterprises Increase BenefitsRuijie Networks has launched OEM and ODM services for ICT network products in the European region recently, covering wireless products, campus network devices, and data center switches. Leveraging its supply chain advantages and advanced manufacturing capabilities, Ruijie can offer flexible and high-quality OEM and ODM services tailored to meet customer demands, thereby helping European enterprises integrate resources and maximize business benefits. As a leading supplier in the ICT industry, Ruijie has served over 60 countries and regions worldwide, with OEM&ODM services available in 10 countries. The OEM&ODM services launched in the European region include Standard ODM service, solution-based ODM service, and JDM service. Ruijie has set up local teams to provide high-quality and high-speed services to local customers. Enterprises highly value the autonomous production capabilities, advanced manufacturing processes, and core component supply ability of the OEM and ODM services. With 23 autonomous production lines, Ruijie is at the forefront of the industry in terms of main chip installation capabilities and key connector manufacturing processes. Meanwhile, Ruijie has established deep and extensive collaborations with top-tier suppliers to guarantee product supply and joint development and innovation of core components (chips, storage devices, connectors, and fans). Using the OEM and ODM services provided by Ruijie in Europe, European enterprises will have the opportunity to benefit from their cutting-edge technologies and efficient production processes. This strategic move is expected to promote innovation and cooperation in the European ICT field, enabling enterprises to gain higher operational achievements and competitiveness in the global market.
Valuation Update With 7 Day Price Move • Jun 21Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥68.70, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 32x in the Communications industry in China.
Valuation Update With 7 Day Price Move • May 29Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥53.60, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 27x in the Communications industry in China.
공시 • May 25Ruijie Networks Co., Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on May 31, 2023Ruijie Networks Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 8.00000000 on A shares for the year 2022. Record date is May 30, 2023. Ex-date is May 31, 2023. Payment date is May 31, 2023.
공시 • May 20Ruijie Networks Co., Ltd. Approves Cash Dividend for 2022Ruijie Networks Co., Ltd. announced that at its AGM held on 18 May 2023, the shareholders approved 2022 profit distribution plan as cash dividend/10 shares (tax included): CNY 8.00000000.
Valuation Update With 7 Day Price Move • May 02Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to CN¥53.40, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 26x in the Communications industry in China.
Reported Earnings • Apr 26First quarter 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.22 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.21. Revenue: CN¥2.15b (up 6.4% from 1Q 2022). Net income: CN¥119.4m (up 7.4% from 1Q 2022). Profit margin: 5.5% (in line with 1Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Communications industry in China.