Ruijie Networks – Market Performance and Recent Earnings Update
Market Snapshot (as of 02:57 PM CET, Thursday 22 Oct 2026)
| Item | Value | Notes |
|---|---|---|
| Closing price | CNY 77.37 | Unchanged from the previous trading session |
| Trading volume (last 24 h) | CNY 731.4 million | Shares traded |
| Shares outstanding | 1.1 billion | |
| Market capitalisation | CNY 91.5 billion | |
| 24‑hour percent change | 0 % | Flat trading day |
| 200‑day simple moving average | CNY 98.87 | |
| 52‑week high | CNY 149.3 (18 Aug 2026) | |
| 52‑week low | CNY 46.43 (21 Nov 2025) | |
| Price‑to‑earnings ratio | (not disclosed) |
Ruijie Networks has decreased 28.22 % since the end of last month, reflecting a broader decline in the sector.
Recent Earnings Cycle
Ruijie Networks reported a strong first‑to‑third‑quarter earnings cycle for 2026. Revenue growth was largely driven by its data‑centre switch business:
- Revenue Growth: Data‑centre switch sales increased by nearly 70 % compared with the same period in the previous year.
- Revenue Composition: The data‑centre line now represents approximately two‑thirds of total revenue.
- Sector Focus: Growth is concentrated in the internet sector, where demand from major cloud service providers has risen sharply.
Despite revenue momentum, the company’s quarterly net profit declined. The decline is primarily attributed to:
- Higher Operating Costs: Increased expenses related to research, manufacturing, and sales.
- Inventory Expansion: A strategic build‑up of raw materials amid tight supply of key semiconductor components, leading to higher inventory levels.
The expansion of inventory and increased short‑term borrowing have tightened cash flow and raised concerns about financing costs. Ruijie Networks has indicated a plan to issue convertible debt in September to shore up liquidity while maintaining confidence in resilient market demand.
Strategic Outlook
- Product Focus: The company continues to emphasize data‑centre switches and emerging high‑performance products such as ultra‑high‑speed “super‑node” solutions.
- Margin Pressure: Profit margins are expected to remain pressured until operational efficiencies improve.
- Capital Structure: Convertible debt issuance is planned to support liquidity without immediately diluting equity holders.
Comparative Performance of Peer Stocks (Last 24 h)
| Stock | Ticker | Trading % Change | Current Price (CNY/HKD) | Market Capitalisation | P/E Ratio |
|---|---|---|---|---|---|
| Aecc Aviation Power | 600893.SS | 0 % | CNY 39.07 | CNY 106.4 bn | 149.85 |
| Shenzhen Longsys Electronics | 301308.SZ | 0 % | CNY 239.68 | CNY 109.1 bn | 13.42 |
| Guangdong Dtech | 301377.SZ | 0 % | CNY 247.61 | CNY 107.8 bn | – |
| Beijing Kingsoft Office Software | 688111.SS | 0 % | CNY 239.65 | CNY 108.5 bn | 31.11 |
| Gf Securities -H | 1776.HK | –0.67 % | HKD 15.65 | HKD 127.7 bn | 5.96 |
Company Profile
Ruijie Networks Co Ltd. is a Chinese technology firm listed on the Shenzhen Stock Exchange. The company specializes in network equipment and data‑centre switches, serving customers in the internet, cloud, and enterprise sectors.
