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Chinese enterprise networking vendor selling switches, routers, Wi-Fi and network management for businesses, schools and government.
Chinese enterprise networking vendor selling switches, routers, Wi-Fi and network management for businesses, schools and government.
Sells through a channel of resellers and integrators rather than directly, with schools, universities, government and carriers key buyers, so orders follow education and public-sector IT budgets and installation projects.
In one line: China's Cisco/HPE Aruba.
Moat: narrow (distribution, installed base, switching costs). Established Chinese enterprise-network installed base and channel; switching network vendors is disruptive for customers.
Headquarters: Fuzhou, China · Founded: 2000 · Employees: 6,681
Size Ruijie Networks (301165.SZ) is a China Information Technology company (Information Technology Services) with a market value of $11.7B, the 211th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥70.04 on 6 Nov 2026.
Performance Over six months the shares gained 5.5%, against +26.8% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 30.2% over the last twelve months (peer median +12.9%); the operating margin is 5.4% (peer median 10.6%).
Valuation It trades at 48.3× forward earnings against a peer median of 25.6× (4th most expensive of 21).
Capital Return on invested capital runs 4.3 points below its cost of capital (12.0% WACC).
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥18.2B | CN¥14.3B | CN¥11.7B | CN¥11.5B | CN¥11.3B |
| Revenue growth | — | +22% | +1% | +2% | — |
| Gross profit | CN¥6.29B | CN¥4.95B | CN¥4.33B | CN¥4.21B | CN¥4.31B |
| EBITDA | n/a | CN¥1.08B | CN¥544M | CN¥337M | CN¥526M |
| Net income | CN¥1.10B | CN¥696M | CN¥574M | CN¥401M | CN¥552M |
| Free cash flow | -CN¥2.08B | CN¥1.58B | -CN¥266M | CN¥558M | -CN¥462M |
| Capital expenditure | CN¥289M | CN¥249M | CN¥485M | CN¥310M | CN¥218M |
| Total debt | CN¥8.03B | CN¥2.03B | CN¥2.15B | CN¥1.74B | CN¥1.50B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Ruijie Networks 301165.SZ | $11.7B | +6% | +30% | 5% | 48.3× | n/a |
| Cisco CSCO | $369B | -3% | +12% | 25% | 18.4× | 15.0% |
| Hewlett Packard Enterprise HPE | $59.4B | +43% | +27% | 8% | 9.6× | 16.2% |
| ZTE 000063.SZ | $19.0B | -23% | +14% | 1% | 24.2× | 19.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 301165.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -28.3% | +11.1% | 3rd lowest of 21 |
| 6-month return | +5.5% | +26.8% | 5th lowest of 21 |
| Distance from 52-week high | -53.1% | -11.4% | 2nd lowest of 21 |
| Revenue growth (TTM) | +30.2% | +12.9% | 5th highest of 21 |
| Operating margin | 5.4% | 10.6% | 5th lowest of 21 |
| Forward P/E | 48.3× | 25.6× | 4th most expensive of 21 |
| ROIC minus cost of capital | -4.3 pp | +5.4 pp | 5th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ruijie Networks 301165.SZ | China | $11.7B | +6% | +30% | 5% | 48.3× | n/a | n/a |
| Indra Sistemas IDR.MC | Spain | $11.2B | +12% | +28% | 10% | 19.7× | 4.2% | +12.4% |
| Samsung Sds 018260.KS | South Korea | $12.4B | +31% | +2% | 5% | 24.9× | 13.0% | +4.8% |
| Persistent Systems PERSISTENT.NS | India | $10.6B | +21% | +27% | 16% | 43.9× | 37.4% | +28.6% |
| iflytek 002230.SZ | China | $13.2B | -20% | +11% | -4% | 106.3× | n/a | n/a |
| Guidewire Software GWRE | United States | $13.3B | +17% | +23% | 10% | 38.5× | 39.4% | +14.7% |
| Bentley Systems BSY | United States | $13.5B | +36% | +13% | 24% | 31.4× | 22.8% | +13.4% |
| CACI International CACI | United States | $13.6B | +27% | +10% | 10% | 17.6× | 7.3% | +9.6% |
| Coforge COFORGE.NS | India | $9.71B | +62% | +41% | 16% | 35.2× | 34.6% | +28.6% |
| Otsuka 4768.T | Japan | $8.63B | +24% | +9% | 7% | 20.1× | -5.6% | +9.6% |
| OBIC 4684.T | Japan | $16.6B | +46% | +13% | 67% | 30.3× | 4.6% | +10.0% |
| EPAM Systems EPAM | United States | $8.22B | +61% | +11% | 10% | 11.3× | 9.4% | +15.5% |
| AppFolio APPF | United States | $8.18B | +39% | +20% | 19% | 28.9× | 18.5% | +25.1% |
| CGI GIB-A.TO | Canada | $17.2B | +27% | +6% | 17% | 12.2× | -12.0% | +5.5% |
| Tech Mahindra TECHM.NS | India | $19.0B | +26% | +14% | 14% | 23.9× | 20.3% | +8.5% |
| Viavi Solutions VIAV | United States | $7.00B | -44% | +40% | 11% | 14.0× | 32.7% | +4.8% |
| CDW CDW | United States | $19.6B | +51% | +11% | 7% | 12.9× | 2.6% | +4.0% |
| Nomura Research Institute 4307.T | Japan | $20.2B | +40% | +8% | 19% | 26.4× | 0.7% | +8.2% |
| Xometry XMTR | United States | $6.63B | +44% | +37% | -2% | 91.0× | n/a | n/a |
| Wipro WIPRO.NS | India | $20.7B | 0% | +8% | 16% | 14.9× | 9.0% | +8.4% |
| Suzhou Centec Communications 688702.SS | China | $6.58B | -45% | +32% | -18% | 5,922.0× | n/a | n/a |