提名人锐捷网络股份有限公司第三届董事会现就提名牛玉贞 为锐捷网络股份有限公司第四届董事会独立董事候选人发表公开 声明。被提名人已书面同意作为锐捷网络股份有限公司第四届董 事会独立董事候选人(参见该独立董事候选人声明)。本次提名是在 充分了解被提名人职业、学历、职称、详细的工作经历、全部 兼职、有无重大失信等不良记录等情况后作出的，本提名人认 为被提名人符合相关法律、行政法规、部门规章、规范性文件和 深圳证券交易所业务规则对独立董事候选人任职资格及独立性 的要求，具体声明并承诺如下事项： 一、被提名人已经通过锐捷网络股份有限公司第三届董事会 提名委员会资格审查，提名人与被提名人不存在利害关系或者 其他可能影响独立履职情形的密切关系。 是 □否 如否，请详细说明：______________________________ 二、被提名人不存在《中华人民共和国公司法》第一百四 十六条等规定不得担任公司董事的情形。 是 □否 如否，请详细说明：______________________________ 三、被提名人符合中国证监会《上市公司独立董事管理 办法》和深圳证券交易所业务规则规定的独立董事任职资格和 条件。 ...

声明人 黄薇 作为锐捷网络股份有限公司(以下简称该公司) 第四届董事会独立董事候选人，已充分了解并同意由提名人锐捷网 络股份有限公司第三届董事会提名为该公司第四届董事会独立董事 候选人。现公开声明和保证，本人与该公司之间不存在任何 影响本人独立性的关系，且符合相关法律、行政法规、部门 规章、规范性文件和深圳证券交易所业务规则对独立董事候 选人任职资格及独立性的要求，具体声明并承诺如下事项： 如否，请详细说明：______________________________ 四、本人符合该公司章程规定的独立董事任职条件。 是 □否 一、本人已经通过锐捷网络股份有限公司第三届董事会提名 委员会资格审查，提名人与本人不存在利害关系或者其他可 能影响独立履职情形的密切关系。 是 □否 如否，请详细说明：______________________________ 二 、本人不存在《中华人民共和国公司法》第一百四十 六条等规定不得担任公司董事的情形。 是 否 如否，请详细说明：______________________________ 三 、本人符合中国证监会《上市公司独立董事管理办法 》和深圳证券交易所业务规则规定的独 ...

证券代码：301165 证券简称：锐捷网络 公告编号：2024-082 锐捷网络股份有限公司 关于董事会换届选举的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 锐捷网络股份有限公司（以下简称"公司"）第三届董事会任期即将届满，根 据《中华人民共和国公司法》《深圳证券交易所创业板股票上市规则》《深圳证券 交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》等法律法 规、部门规章、规范性文件及《锐捷网络股份有限公司章程》）的相关规定，公 司将开展董事会换届选举工作。 公司于 2024 年 11 月 6 日召开第三届董事会第二十六次会议，审议通过了 《关于换届选举公司第四届董事会非独立董事的议案》《关于换届选举公司第四 届董事会独立董事的议案》。根据主要股东推荐，经董事会提名委员会审查，董 事会同意提名阮加勇先生、刘忠东先生、陈宏涛先生、黄昌洪先生、郑炜彤先生 为公司第四届董事会非独立董事候选人；同意提名马忠先生、牛玉贞女士、黄薇 女士为公司第四届董事会独立董事候选人（上述候选人简历详见附件），其中马 忠先生为会计专业人士。 上述董事候选人中兼任 ...

提名人锐捷网络股份有限公司第三届董事会现就提名 马忠为 锐捷网络股份有限公司第四届董事会独立董事候选人发表公开声 明。被提名人已书面同意作为锐捷网络股份有限公司第四届董事 会独立董事候选人(参见该独立董事候选人声明)。本次提名是在充 分了解被提名人职业、学历、职称、详细的工作经历、全部兼 职、有无重大失信等不良记录等情况后作出的，本提名人认为 被提名人符合相关法律、行政法规、部门规章、规范性文件和深 圳证券交易所业务规则对独立董事候选人任职资格及独立性的 要求，具体声明并承诺如下事项： 一、被提名人已经通过锐捷网络股份有限公司第三届董事会 提名委员会资格审查，提名人与被提名人不存在利害关系或者 其他可能影响独立履职情形的密切关系。 是 □否 如否，请详细说明：______________________________ 二、被提名人不存在《中华人民共和国公司法》第一百四 十六条等规定不得担任公司董事的情形。 是 □否 如否，请详细说明：______________________________ 三、被提名人符合中国证监会《上市公司独立董事管理 办法》和深圳证券交易所业务规则规定的独立董事任职资格和 条件。 ...

声明人 马忠 作为锐捷网络股份有限公司(以下简称该公司) 第四届董事会独立董事候选人，已充分了解并同意由提名人锐捷网 络股份有限公司第三届董事会提名为该公司第四届董事会独立董事 候选人。现公开声明和保证，本人与该公司之间不存在任何 影响本人独立性的关系，且符合相关法律、行政法规、部门 规章、规范性文件和深圳证券交易所业务规则对独立董事候 选人任职资格及独立性的要求，具体声明并承诺如下事项： 一、本人已经通过锐捷网络股份有限公司第三届董事会提名 委员会资格审查，提名人与本人不存在利害关系或者其他可 能影响独立履职情形的密切关系。 是 □否 如否，请详细说明：______________________________ 二 、本人不存在《中华人民共和国公司法》第一百四十 六条等规定不得担任公司董事的情形。 是 否 如否，请详细说明：______________________________ 三 、本人符合中国证监会《上市公司独立董事管理办法 》和深圳证券交易所业务规则规定的独立董事任职资格和条 件。 是 □否 如否，请详细说明：______________________________ 四、本人符合该公司章程 ...

锐捷网络股份有限公司 证券代码：301165 证券简称：锐捷网络 公告编号：2024-081 第三届监事会第十四次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 锐捷网络股份有限公司（以下简称"公司"）于 2024 年 11 月 1 日以电子邮 件方式向公司全体监事发出关于召开第三届监事会第十四次会议的通知，并于 2024 年 11 月 6 日在公司会议室以现场方式召开。会议由公司监事会主席李怀宇 先生召集并主持，应参加监事 3 人，实参加监事 3 人，会议的召集、召开及表决 程序符合《公司法》及《公司章程》的规定。 二、监事会会议审议情况 经审议，本次会议以记名表决方式通过了如下议案： 表决结果：全体监事以 3 票同意、0 票反对、0 票弃权通过。 1 1、《关于换届选举公司第四届监事会非职工代表监事的议案》 公司第三届监事会任期即将届满，根据公司主要股东推荐，监事会同意换届 并提名李怀宇先生、林东豪先生为公司第四届监事会非职工代表监事候选人。前 述非职工代表监事候选人经公司股东大会选举当选后，其任期为自股东大会决议 通 ...

Investment Rating - The report assigns an "Accumulate" rating for the company, marking it as the first rating issued [1]. Core Insights - The company has shown robust revenue growth in the first three quarters, with a year-on-year increase of 5.36%, reaching 8.377 billion yuan. The net profit attributable to shareholders increased by 47.73% year-on-year to 412 million yuan, driven by strong performance in Q3 [3][4]. - The demand for AI networks continues to be strong, with the company actively participating in the development of AI network standards and securing significant contracts with major internet firms [5][6]. Financial Performance Summary - **Revenue and Profitability**: - For Q3, the company achieved a revenue of 3.333 billion yuan, a year-on-year increase of 6.84% and a quarter-on-quarter increase of 15.07%. The net profit for Q3 was 258 million yuan, reflecting a year-on-year growth of 85.57% and a quarter-on-quarter growth of 70.30% [4]. - The gross margin for Q3 was 34.78%, down 2.97 percentage points year-on-year, while the net margin improved to 7.74%, up 3.28 percentage points year-on-year [4]. - **Future Projections**: - The company is expected to achieve revenues of 12.389 billion yuan, 14.214 billion yuan, and 16.879 billion yuan for the years 2024, 2025, and 2026, respectively, with year-on-year growth rates of 7.34%, 14.73%, and 18.75% [6][8]. - The net profit attributable to shareholders is projected to be 583 million yuan, 699 million yuan, and 879 million yuan for the same years, with growth rates of 45.20%, 20.07%, and 25.68% [6][8]. - **Earnings Per Share (EPS)**: - The EPS is forecasted to be 1.03 yuan, 1.23 yuan, and 1.55 yuan for 2024, 2025, and 2026, respectively [6][8]. Market Position and Competitive Landscape - The company is deeply engaged in the Ethernet switch market and has established partnerships with industry leaders to develop AI network standards. It has successfully launched new technologies and secured contracts with major telecom operators and internet companies [5][6].

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of more than 15% compared to the benchmark index [2][9]. Core Views - The company is expected to benefit significantly from the accelerating domestic data center construction, driven by increasing demand for hardware facilities in the context of the digital intelligence wave [2]. - The company's revenue for the first three quarters of 2024 reached 8.377 billion yuan, a year-on-year increase of 5.36%, with a net profit of 412 million yuan, up 47.73% year-on-year [1]. - The demand for data center products is growing rapidly, with the revenue from data center switches alone reaching 2.992 billion yuan, a year-on-year increase of 47% [1]. Summary by Sections Financial Performance - In Q3 2024, the company achieved revenue of 3.333 billion yuan, a year-on-year increase of 6.84% and a quarter-on-quarter increase of 15.07% [1]. - The gross profit margin improved by 0.69 percentage points quarter-on-quarter, reaching 34.78% in Q3 2024 [1]. - The company’s operating expenses decreased by 5 percentage points year-on-year for the first three quarters of 2024 [1]. Market Position - The company has secured significant contracts for hardware and software projects in data center construction with major Tier 1 internet companies such as ByteDance, Alibaba, and Tencent [1]. - According to IDC data, the company ranks third in the Chinese Ethernet switch market and the data center switch market, and first in the education sector for campus switches [1]. Profit Forecast - The projected net profits for the company from 2024 to 2026 are 542 million yuan, 725 million yuan, and 873 million yuan, respectively, with corresponding PE ratios of 53x, 39x, and 33x [2].

Investment Rating - The investment rating for the company is "Outperform the Market" [1] Core Views - The report highlights significant growth in demand for intelligent computing and effective cost control, leading to a substantial increase in profitability [4] - The company reported a revenue of 8.377 billion yuan for the first three quarters of 2024, a year-on-year increase of 5.36%, and a net profit of 412 million yuan, a year-on-year increase of 47.73% [4] - The gross margin for the same period was 35.50%, down 3.21 percentage points year-on-year, attributed mainly to the rapid growth of internet revenue and changes in revenue structure [4] - The report anticipates revenue growth for 2024-2026 to be 12.788 billion yuan, 14.996 billion yuan, and 17.661 billion yuan respectively, with net profits projected at 572 million yuan, 742 million yuan, and 927 million yuan [5] Financial Performance Summary - In Q3 2024, the company achieved a revenue of 3.333 billion yuan, a quarter-on-quarter increase of 15.07% and a year-on-year increase of 6.84% [4] - The net profit for Q3 2024 was 258 million yuan, reflecting a quarter-on-quarter increase of 70.30% and a year-on-year increase of 85.57% [4] - The company’s market share in various segments remains strong, ranking second in data center switches and WLAN markets in China [5] Cost Control and Profitability - The report indicates significant improvements in cost control, with sales, management, financial, and R&D expense ratios showing reductions [5] - The net profit margin for Q3 2024 was 7.74%, up 2.51 percentage points quarter-on-quarter and 3.28 percentage points year-on-year [4] Market Position and Competitive Strength - The company has demonstrated competitive strength by winning a bid for a new intelligent computing center switch for China Mobile, showcasing its capabilities in the market [4] - The company’s AI-Fabric solution supports up to 32,000 GPU cards, indicating its advanced technological offerings [4] Valuation and Investment Recommendation - The report suggests a price-to-earnings (P/E) ratio of 40-50 times for 2025, leading to a reasonable valuation range of 52.24 yuan to 65.30 yuan per share [5] - The investment recommendation remains "Outperform the Market" based on the anticipated growth and market positioning [5]

Financial Performance - In the first three quarters of 2024, the company achieved operating revenue of CNY 8.377 billion, a year-on-year increase of 16.60% [3] - Net profit attributable to shareholders reached CNY 4.12 billion, up 47.73% year-on-year [3] - The gross profit margin for the first three quarters was 35.5% [3] Business Segments - Revenue from network equipment increased by approximately 20.30% quarter-on-quarter [3] - Cloud desktop revenue also showed significant growth, contributing to the overall performance [3] - The company ranked third in the Chinese data center switch market [3] Market Trends and Opportunities - The AI wave is driving innovation and enhancing product competitiveness, leading to steady overall business growth [3] - The company is benefiting from the acceleration of data center construction by major internet clients [4] - The enterprise market is gradually recovering, particularly in the education sector, which has positively impacted revenue [4] Cost Management - Management measures implemented at the beginning of the year have started to show results, with a reduction in operating costs [4] - Management expenses decreased quarter-on-quarter, with a year-on-year growth rate decline of approximately 9 percentage points [4] Overseas Business Development - The company has expanded its overseas business to over 90 countries, with a compound annual growth rate of 40.91% from 2021 to 2023 [5] - In the first three quarters of 2024, overseas revenue reached approximately CNY 1.242 billion, a year-on-year increase of about 47%, accounting for approximately 15% of total revenue [5] Future Outlook - The company anticipates continued growth in the enterprise network market and overseas business, which will positively impact revenue structure and gross margin [5] - The introduction of supportive economic policies is expected to drive demand across various industries [4] - The company is focusing on enhancing its compliance system and building capabilities to support international market expansion [5]