Core Viewpoint - The company, Fujian StarNet RuiJie Communication Co., Ltd., has completed the repurchase and cancellation of 2,914,320 restricted shares due to employee departures and unmet performance assessments, with a total repurchase amount of approximately 28.8 million yuan [2][9][13]. Group 1: Repurchase Details - The number of restricted shares repurchased is 2,914,320, accounting for 0.4951% of the total share capital before the repurchase [2]. - The repurchase price for the shares is set at 9.88 yuan per share, which is the lower of the grant price and the market price at the time of repurchase [12]. - The total funds used for the repurchase amount to 28,800,579.41 yuan, sourced entirely from the company's own funds [13]. Group 2: Reasons for Repurchase - The repurchase is attributed to 45 employees leaving the company, resulting in the cancellation of 443,700 shares [6]. - One employee's retirement led to the cancellation of 55,800 shares, with the repurchase price adjusted to include bank interest [7]. - The company did not meet the performance assessment criteria for 2,414,820 shares, leading to their cancellation as well [8]. Group 3: Approval Process - The repurchase plan was approved in multiple meetings, including the seventh board meeting and the fifth supervisory board meeting on June 9, 2025 [6]. - The company followed the necessary approval procedures and disclosed relevant information as required [4][5]. Group 4: Impact on Company Structure - Following the repurchase, the number of restricted shares will decrease, but this will not affect the control of the company or its compliance with listing conditions [16]. - The repurchase will not have a significant impact on the company's financial status or operational results [18].

从股价来看，2025年3月31日至2025年6月30日，星网锐捷区间涨幅为13.77%，在此期间股东户数减少 7356.0户，减幅为12.03%。 证券之星消息，近日星网锐捷披露，截至2025年6月30日公司股东户数为5.38万户，较3月31日减少 7356.0户，减幅为12.03%。户均持股数量由上期的9625.0股增加至1.09万股，户均持股市值为24.56万 元。 在通信设备行业个股中，星网锐捷股东户数低于行业平均水平，截至6月30日，通信设备行业平均股东 户数为5.53万户。户均持股市值方面，通信设备行业A股上市公司户均持股市值为27.15万元，星网锐捷 低于行业平均水平。 根据统计，星网锐捷2025年3月31日至2025年6月30日，主力资金净流出5.94亿元，游资资金净流出 4130.05万元，散户资金净流入6.35亿元。 MACD金叉信号形成，这些股涨势不错！ | | | 统计截止日 区间股价涨跌幅 股东户数 增减 增减比例 户均持股市值（元） | | | | 户均持股数(股) | | --- | --- | --- | --- | --- | --- | --- | | 2025-06-30 ...

证券代码：002396 证券简称：星网锐捷 公告编号：临 2025-32 一、本激励计划已履行的相关审批程序和信息披露情况 （一）2022 年 12 月 2 日，公司召开第六届董事会第十三次会议，审议通过 《关于公司<2022 年限制性股票激励计划（草案）>及其摘要的议案》 福建星网锐捷通讯股份有限公司 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在虚假记载、误导性陈 述或者重大遗漏。 特别提示： 次回购注销限制性股票数量2,914,320股，涉及人数为539人，占回购注销前总股 本的0.4951%。因员工离职和公司层面业绩考核未达标的部分回购价格为9.88元/ 股，因员工退休的部分回购价格为9.88元/股加银行同期存款利息。用于回购注 销限制性股票的资金总额为28,800,579.41元。 司办理完成上述限制性股票的回购注销手续。 公司于2025年6月9日、2025年6月25日分别召开公司第七届董事会第七次会 议和第七届监事会第五次会议、2025年第一次临时股东大会，审议通过了《关于 调整回购价格及回购注销2022年限制性股票激励计划部分限制性股票的议案》。 具体情况说明如下： 《关于公司 <2 ...

证券代码：002396 证券简称：星网锐捷 公告编号：临 2025-32 福建星网锐捷通讯股份有限公司 关于部分限制性股票回购注销完成的公告 （二）2023 年 1 月 14 日，公司发布了《关于 2022 年限制性股票激励计划 - 1 - 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在虚假记载、误导性陈 述或者重大遗漏。 特别提示： 1、福建星网锐捷通讯股份有限公司（以下简称"公司"或"星网锐捷"）本 次回购注销限制性股票数量2,914,320股，涉及人数为539人，占回购注销前总股 本的0.4951%。因员工离职和公司层面业绩考核未达标的部分回购价格为9.88元/ 股，因员工退休的部分回购价格为9.88元/股加银行同期存款利息。用于回购注 销限制性股票的资金总额为28,800,579.41元。 2、截至本公告披露日，公司已在中国证券登记结算有限责任公司深圳分公 司办理完成上述限制性股票的回购注销手续。 公司于2025年6月9日、2025年6月25日分别召开公司第七届董事会第七次会 议和第七届监事会第五次会议、2025年第一次临时股东大会，审议通过了《关于 调整回购价格及回购注销2022年限制性 ...

证券之星消息，8月22日通信设备板块较上一交易日上涨4.07%，锐捷网络领涨。当日上证指数报收于 3825.76，上涨1.45%。深证成指报收于12166.06，上涨2.07%。通信设备板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 301165 | 锐捷网络 | 90.15 | 10.97% | 22.93万 | | 19.80亿 | | 000063 | 中兴通讯 | 46.55 | 9.37% | 443.63万 | | 198.32亿 | | 002396 | 星网锐捷 | 34.04 | 8.06% | 36.69万 | | 12.24亿 | | 688027 | 園盾重子 | 316.00 | 7.31% | 4.27万 | | 13.22亿 | | 688313 | 仕佳光子 | 64.76 | 6.25% | 37.37万 | | 23.68亿 | | 300502 | 新易盛 | 273.81 | 6.19% | 46.02万 | | 12 ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price of RMB 39.71 per share [7][5]. Core Views - The company reported a 1H25 revenue of RMB 8.886 billion, a year-on-year increase of 21.76%, and a net profit attributable to shareholders of RMB 212 million, up 69.32% year-on-year, driven by accelerated data center construction in the internet sector [1]. - The demand for network equipment remains strong, particularly in the data center segment, with expectations for continued high growth in internet capital expenditures in the second half of the year [4][5]. - The company is focusing on optimizing internal operations while benefiting from external market conditions, which is expected to accelerate performance growth [1]. Summary by Sections Financial Performance - In 1H25, the company achieved a gross margin of 30.46%, down 2.30 percentage points year-on-year, primarily due to strong purchasing power from internet clients and intensified industry competition [3]. - The company’s sales expense ratio, management expense ratio, and R&D expense ratio were 9.38%, 4.61%, and 11.17%, respectively, showing significant optimization compared to the previous year [3]. Product Segmentation - The company’s revenue from enterprise network equipment products reached RMB 6.459 billion, a year-on-year increase of 41.7%, with data center switch products from its subsidiary, Ruijie Networks, seeing a remarkable growth of 110% [2]. - The network terminal segment reported a revenue of RMB 320 million, down 23.1% year-on-year, indicating a challenging market environment for cloud and payment terminals [2]. Market Outlook - The company is expected to benefit from the easing supply of H20 and the gradual release of domestic GPUs, which will likely sustain high growth in internet capital expenditures [4]. - The company is also expanding into the metaverse and AI sectors, with its subsidiary, StarNet Vision, focusing on immersive experience spaces [4]. Profit Forecast and Valuation - The net profit forecasts for 2025, 2026, and 2027 have been adjusted to RMB 806 million, RMB 1.092 billion, and RMB 1.358 billion, respectively, reflecting slight upward adjustments based on business conditions [5]. - The company is assigned a PE valuation of 29x for 2025, with a target price of RMB 39.71 per share, indicating a positive outlook based on expected performance growth [5].

Core Points - The company has not distributed cash dividends or bonus shares during the reporting period [3] - The company plans to increase the estimated amount of daily related transactions for 2025 to a total of 134,615 million yuan, which includes a new estimated amount of 10,000 million yuan with Fujian Haixia Xingyun Information Technology Co., Ltd [19][25] - The board of directors and the supervisory board have confirmed that the 2025 semi-annual report is accurate and complete, with no false records or major omissions [17][10] Company Overview - Fujian StarNet Ruijie Communication Co., Ltd. held its seventh board of directors' ninth meeting on August 20, 2025, with all nine directors present [8] - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period [5][6] Financial Data - The company has confirmed that the procedures for preparing and reviewing the 2025 semi-annual report comply with relevant laws and regulations [17] - The company’s daily related transactions are based on fair market principles, ensuring that the interests of all shareholders, especially minority shareholders, are protected [24][26]

Company Announcements - Dameng Data's director and senior vice president is under investigation [1][2] - Dongjie Intelligent will continue to suspend trading from August 22, with an expected suspension period of no more than 3 trading days [1][2] - Tianxiao plans to issue H-shares and list on the Hong Kong Stock Exchange [1][2] - Ganneng Energy intends to transfer 65% equity of Ganneng Lingfeng [1][2] Investment Projects - Lanshi Heavy Industry plans to invest in the construction of supporting facilities for the Xinjiang Lanshi Industrial Park [1][2] - Chende International's Dener Xiangjiang Company plans to invest 15.38 million yuan in an ecological power station project [2] - Lanshi Heavy Industry also plans to invest in enhancing nuclear power equipment production capacity in Qingdao [2] Share Buybacks - China Petroleum plans to repurchase shares with an investment of 500 million to 1 billion yuan [1][2] - Dongbei Group intends to repurchase shares with an investment of 40 million to 80 million yuan [2] Financial Performance - Sany Heavy Industry reported a net profit of 5.216 billion yuan for the first half of the year, a year-on-year increase of 46% [1][3] - StarNet Ruijie reported a net profit of 212 million yuan for the first half of the year, a year-on-year increase of 69.32% [3] - Huadian reported a net profit of 1.683 billion yuan for the first half of the year, a year-on-year increase of 47.5% [3] - GoerTek reported a net profit of 1.417 billion yuan for the first half of the year, a year-on-year increase of 15.65% [3] Shareholding Changes - Yintai Holdings plans to increase its shareholding by 1% to 2% [1][3] - Boji Pharmaceutical's actual controller and associated parties plan to reduce their holdings by no more than 3% [1][3] Strategic Partnerships - Greeenmei signed a strategic cooperation agreement with Weilan Lithium Core for the joint development of ultra-high energy density battery materials [1][3] - Zhenghe Industrial plans to raise no more than 818 million yuan through a private placement for agricultural machinery component expansion projects [1][3]

Meeting Details - The seventh board meeting of Fujian StarNet RuiJie Communication Co., Ltd. was held on August 20, 2025, with all nine directors present [1] - The meeting was convened and chaired by Chairman Mr. Ruan Jiayong, complying with the Company Law and the Articles of Association [1] Resolutions Passed - The board unanimously approved the "2025 Half-Year Report and Summary" with a vote of 9 in favor, 0 against, and 0 abstentions [1] - The "2025 Half-Year Report and Summary" will be disclosed on August 22, 2025, through designated media [2] Related Transactions - The board approved an increase in the estimated amount for daily related transactions for 2025, not exceeding 100 million yuan, with a vote of 6 in favor, 3 abstentions, and 0 against [2] - The total estimated amount for daily related transactions for 2025 is adjusted to 134.615 million yuan [2][3] - Related directors recused themselves from the vote on the related transactions [2]

Group 1 - The meeting of the seventh supervisory board of Fujian StarNet RuiJie Communication Co., Ltd. was held on August 20, 2025, in Fuzhou, Fujian Province, with all three supervisors present [1] - The supervisory board unanimously approved the 2025 semi-annual report and summary, confirming that the report's preparation and review processes complied with relevant laws and regulations [1] - The supervisory board concluded that the report accurately reflects the company's financial status and operational results for the first half of 2025, with no false statements or omissions [1] Group 2 - The detailed 2025 semi-annual report and summary will be disclosed on August 22, 2025, through designated information disclosure media [2] - The signed resolution of the seventh supervisory board meeting will be available for review [2]