Board Change • Jul 03
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Independent Director Xin Lin was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Jun 30
Ruijie Networks Co., Ltd. to Report First Half, 2026 Results on Aug 15, 2026 Ruijie Networks Co., Ltd. announced that they will report first half, 2026 results on Aug 15, 2026 New Risk • Jun 30
New major risk - Share price stability The 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 Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Declared Dividend • May 20
Dividend of CN¥0.53 announced Shareholders will receive a dividend of CN¥0.53. Ex-date: 25th May 2026 Payment date: 25th May 2026 Dividend yield will be 0.5%, 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. Upcoming Dividend • May 20
Upcoming dividend of CN¥0.53 per share Eligible shareholders must have bought the stock before 25 May 2026. Payment date: 25 May 2026. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Chinese dividend payers (1.9%). In line with average of industry peers (0.4%). Aankondiging • Apr 21
Ruijie Networks Co., Ltd., Annual General Meeting, May 13, 2026 Ruijie 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 Aankondiging • Mar 31
Ruijie Networks Co., Ltd. to Report Q1, 2026 Results on Apr 21, 2026 Ruijie Networks Co., Ltd. announced that they will report Q1, 2026 results on Apr 21, 2026 Aankondiging • Dec 31
Ruijie Networks Co., Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026 Ruijie Networks Co., Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026 Aankondiging • Sep 30
Ruijie Networks Co., Ltd. to Report Q3, 2025 Results on Oct 22, 2025 Ruijie Networks Co., Ltd. announced that they will report Q3, 2025 results on Oct 22, 2025 Aankondiging • Jul 02
Ruijie Networks Co., Ltd. to Report First Half, 2025 Results on Aug 22, 2025 Ruijie Networks Co., Ltd. announced that they will report first half, 2025 results on Aug 22, 2025 Aankondiging • Apr 29
Ruijie Networks Co., Ltd., Annual General Meeting, May 21, 2025 Ruijie Networks Co., Ltd., Annual General Meeting, May 21, 2025, at 14:30 China Standard Time. Aankondiging • Apr 04
Ruijie Networks Co., Ltd. Proposes Final Cash Dividend for the Year 2024 On 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. Aankondiging • Mar 31
Ruijie Networks Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Ruijie Networks Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Aankondiging • Dec 31
Ruijie Networks Co., Ltd. to Report Fiscal Year 2024 Results on Apr 03, 2025 Ruijie Networks Co., Ltd. announced that they will report fiscal year 2024 results on Apr 03, 2025 Aankondiging • Nov 26
Ruijie Networks Co., Ltd. Announces Executive Changes Ruijie 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. Reported Earnings • Oct 25
Third 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 30
New minor risk - Share price stability The 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). Aankondiging • Sep 30
Ruijie Networks Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Ruijie Networks Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor 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 23
Second 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 16
Investor 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. Aankondiging • Jun 29
Ruijie Networks Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024 Ruijie Networks Co., Ltd. announced that they will report first half, 2024 results on Aug 23, 2024 Declared Dividend • May 30
Dividend reduced to CN¥0.56 Dividend of CN¥0.56 is 30% lower than last year. Ex-date: 4th June 2024 Payment date: 4th June 2024 Dividend yield will be 1.7%, 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 28
First 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. Aankondiging • Apr 28
Ruijie Networks Co., Ltd., Annual General Meeting, May 21, 2024 Ruijie 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. Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: CN¥0.71 (vs CN¥1.09 in FY 2022) Full 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 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. Aankondiging • Mar 30
Ruijie Networks Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Ruijie Networks Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥40.35, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 24x in the Communications industry in China. New Risk • Feb 02
New minor risk - Share price stability The 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 Risk 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. Profit margins are more than 30% lower than last year (2.7% net profit margin). Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥29.08, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 22x in the Communications industry in China. Aankondiging • Dec 29
Ruijie Networks Co., Ltd. to Report Fiscal Year 2023 Results on Mar 29, 2024 Ruijie Networks Co., Ltd. announced that they will report fiscal year 2023 results on Mar 29, 2024 Valuation Update With 7 Day Price Move • Nov 08
Investor 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 27
Third quarter 2023 earnings released Third 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. Aankondiging • Aug 29
Ruijie Networks Launches OEM and ODM Services in Malaysia to Contribute to the Development of the Digital Economy Ruijie 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 25
Second 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. Aankondiging • Aug 03
Ruijie Networks Launches OEM and ODM Services in Europe to Help Enterprises Increase Benefits Ruijie 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 21
Investor 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 29
Investor 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. Aankondiging • May 25
Ruijie Networks Co., Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on May 31, 2023 Ruijie 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. Aankondiging • May 20
Ruijie Networks Co., Ltd. Approves Cash Dividend for 2022 Ruijie 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 02
Investor 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 26
First 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.