Price Target Changed • May 25
Price target decreased by 8.3% to CN¥73.03 Down 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 25
Consensus 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 18
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 0.6%, 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. Duyuru • 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 Duyuru • 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 Reported Earnings • Mar 29
Full year 2025 earnings: EPS and revenues miss analyst expectations Full 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 12
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 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 12
Investor 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. Duyuru • 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 Reported Earnings • Oct 22
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third 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. Duyuru • 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 Valuation Update With 7 Day Price Move • Sep 08
Investor 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 28
Consensus 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 23
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second 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 18
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 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). Duyuru • 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 Valuation Update With 7 Day Price Move • Jun 26
Investor 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 29
Dividend increased to CN¥0.61 Dividend 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 23
Price target increased by 11% to CN¥75.17 Up 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. Duyuru • 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. Valuation Update With 7 Day Price Move • Apr 14
Investor 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 12
High number of new directors There 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 09
Consensus EPS estimates increase by 11%, revenue downgraded The 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. Duyuru • 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. Reported Earnings • Apr 03
Full year 2024 earnings: EPS in line with expectations, revenues disappoint Full 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. Duyuru • 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 Valuation Update With 7 Day Price Move • Mar 25
Investor 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 03
Investor 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 17
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 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 02
Investor 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. Duyuru • 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 New Risk • Dec 19
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 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 17
Investor 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. Duyuru • 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. Major Estimate Revision • Oct 31
Consensus EPS estimates increase by 10%, revenue downgraded The 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 26
Price target increased by 17% to CN¥47.19 Up 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 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). Duyuru • 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. Duyuru • 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 1.8%, 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 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. Duyuru • 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. Price Target Changed • Apr 16
Price target decreased by 9.4% to CN¥46.34 Down 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 04
Consensus 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 02
New minor risk - Earnings quality The 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 30
Full year 2023 earnings: EPS and revenues miss analyst expectations 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 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. Duyuru • 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 • Feb 23
Investor 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 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 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 02
Investor 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. 
