锐捷网络股份有限公司 舆情管理制度 第一章 总则 第一条 为提高锐捷网络股份有限公司（以下简称"公司"）应对舆情的能力，建立快速反应 和应急处置机制，及时、妥善处理舆情对公司股价、公司商业信誉及正常生产经营活动造成的 影响，切实保护投资者合法权益，根据《深圳证券交易所创业板股票上市规则》等相关法律法 规的规定和《锐捷网络股份有限公司章程》（以下简称《公司章程》），特制定本制度。 第二条 本制度所称舆情包括： （一）报刊、电视、网络等媒体对公司进行的负面报道； （二）社会上存在的已经或者将给公司造成不良影响的传言或信息； （三）可能或者已经影响社会公众投资者投资取向，造成股价异常波动的信息； （四）其他涉及公司信息披露且可能对公司股票及其衍生品交易价格产生较大影响的事件 信息。 第三条 舆情信息的分类： （一）重大舆情：指传播范围较广，严重影响公司公众形象或正常经营活动，使公司已经 或可能遭受损失，已经或可能造成公司股票及其衍生品种交易价格变动的负面舆情。 （二）一般舆情：指除重大舆情之外的其他舆情。 第二章 舆情管理的组织体系及其工作职责 第四条 公司应对各类舆情实行统一领导、统一组织、快速反应、协同应对。 ...

第三届董事会第二十四次会议决议公告 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。 证券代码：301165 证券简称：锐捷网络 公告编号：2024-071 锐捷网络股份有限公司 （一）《关于<2024 年半年度报告及其摘要>的议案》 董事会审议该议案前，审计委员会会议已审议通过公司 2024 年半年度财务 报告及 2024 年半年度报告中涉及的财务信息，并同意提交董事会审议。 具体内容详见公司同日于巨潮资讯网（http://www.cninfo.com.cn）披露的 《2024 年半年度报告》及《2024 年半年度报告摘要》。 表决结果：全体董事以 8 票同意、0 票反对、0 票弃权通过。 （二）《关于制定<舆情管理制度>的议案》 经审议，董事会同意公司根据《深圳证券交易所创业板股票上市规则》等相 关法律法规的规定，结合实际情况，制定《舆情管理制度》。 具体内容详见公司同日于巨潮资讯网（http://www.cninfo.com.cn）披露的《舆 一、董事会会议召开情况 锐捷网络股份有限公司（以下简称"公司"）于 2024 年 8 月 9 日以电子邮件 等方式 ...

2 | | | 占用方与上 | | 2024 年期初 | 2024 年半年度 | 2024 年半年 | 2024 年半年 | 2024 年半年 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性资 | 资金占用方名称 | 市公司的关 | 上市公司核算 | 占用资金余 | 占用累计发生 | 度占用资金的 | 度偿还累计 | 度期末占用 | 占用形成原 | 占用性质 | | 金占用 | | | 的会计科目 | | 金额（不含利 | | | | 因 | | | | | 联关系 | | 额 | | 利息（如有） | 发生金额 | 资金余额 | | | | | | | | | 息） | | | | | | | 控股股东、实 | | | | | | | | | | | | 际 控 制 人 及 | | | | | | | | | | | | 其附属企业 | | | | | | | | | | | | 小计 | | | | - | | - | - | - | - | | | 前控股股东、 | | | | | | | ...

[Important Notice, Table of Contents, and Definitions](index=2&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA%E3%80%81%E7%9B%AE%E5%BD%95%E5%92%8C%E9%87%8A%E4%B9%89) [Important Notice](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The company's board of directors, supervisory board, and senior management ensure the truthfulness, accuracy, and completeness of this semi-annual report and assume legal responsibility, with no profit distribution planned - Company management guarantees the report's truthfulness, accuracy, and completeness, assuming corresponding legal responsibilities[2](index=2&type=chunk) - The company plans no cash dividends, bonus shares, or capital reserve conversions for the 2024 semi-annual period[2](index=2&type=chunk) [Table of Contents](index=3&type=section&id=%E7%9B%AE%E5%BD%95) The report comprises ten main chapters covering company overview, financial data, management discussion, corporate governance, social responsibility, significant matters, shareholder information, and financial statements [Definitions](index=5&type=section&id=%E9%87%8A%E4%B9%89) This section defines key terms used in the report, including company-related entities, business terms, and technical terms, providing a foundation for understanding the content - The controlling shareholder is Fujian Star-net Ruijie Communications Co., Ltd. (002396), with the actual controller being Fujian Provincial State-owned Assets Supervision and Administration Commission[5](index=5&type=chunk) - The reporting period is defined as January 1 to June 30, 2024[5](index=5&type=chunk) [Company Profile and Key Financial Indicators](index=6&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) [Company Profile](index=6&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B) Ruijie Networks Co., Ltd. (stock code: 301165) is a company listed on the Shenzhen Stock Exchange, with Huang Yihao as its legal representative Company Basic Information | Item | Content | | :--- | :--- | | **Stock Abbreviation** | Ruijie Networks | | **Stock Code** | 301165 | | **Listing Exchange** | Shenzhen Stock Exchange | | **Full Company Name** | Ruijie Networks Co., Ltd. | | **Legal Representative** | Huang Yihao | [Key Accounting Data and Financial Indicators](index=7&type=section&id=%E5%9B%9B%E3%80%81%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) During the reporting period, the company achieved operating revenue of CNY 5.04 billion, up 4.40% year-on-year, and net profit attributable to parent company of CNY 153.78 million, up 10.08%, but net cash flow from operating activities significantly decreased by 309.38% to negative CNY 1.22 billion, indicating substantial cash flow pressure Key Financial Data | Indicator | Current Period | Prior Period | Year-on-Year Change | | :--- | :--- | :--- | :--- | | **Operating Revenue (CNY)** | 5,043,464,014.32 | 4,830,788,163.50 | 4.40% | | **Net Profit Attributable to Shareholders (CNY)** | 153,783,354.79 | 139,705,271.09 | 10.08% | | **Net Profit Attributable to Parent (Excl. Non-recurring) (CNY)** | 125,299,223.38 | 118,720,623.65 | 5.54% | | **Net Cash Flow from Operating Activities (CNY)** | -1,222,401,946.44 | -298,600,237.38 | -309.38% | | **Basic EPS (CNY/share)** | 0.2707 | 0.2459 | 10.09% | | **Weighted Average ROE** | 3.52% | 3.25% | 0.27% | | **Total Assets (CNY)** | 8,808,159,755.50 | 8,364,287,596.27 | 5.31% (vs. prior year-end) | | **Net Assets Attributable to Shareholders (CNY)** | 4,129,492,871.86 | 4,284,766,487.37 | -3.62% (vs. prior year-end) | [Non-recurring Gains and Losses and Amounts](index=8&type=section&id=%E5%85%AD%E3%80%81%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%8F%8A%E9%87%91%E9%A2%9D) Non-recurring gains and losses totaled CNY 28.48 million, primarily from government grants (excluding VAT refunds), asset disposal gains, and compensation, with government grants being the largest component Non-recurring Gains and Losses | Item | Amount (CNY) | Explanation | | :--- | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | 6,212,106.24 | Primarily gains from disposal of right-of-use assets | | Government Grants Recognized in Current P&L | 14,171,391.93 | Primarily government grants received other than software VAT refunds | | Other Non-operating Income/Expenses | 7,912,570.53 | Primarily compensation and liquidated damages received | | Other Items Meeting Definition of Non-recurring G&L | 3,680,447.59 | Primarily personal income tax handling fee refunds received | | Impact of Hyperinflation | 1,338,577.58 | Primarily impact from hyperinflation in Turkish subsidiary | | **Total** | **28,484,131.41** | - | [Management Discussion and Analysis](index=9&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) [Main Business Activities During the Reporting Period](index=9&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E4%BB%8E%E4%BA%8B%E7%9A%84%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1) The company primarily engages in network equipment, security products, and cloud desktop solutions, maintaining steady operations with a 4.40% revenue growth and 10.08% net profit growth, while innovating in data center and campus networks and expanding into new markets - The company's main business involves R&D, design, and sales of network equipment (switches, routers, wireless), network security products, and cloud desktop solutions[17](index=17&type=chunk) - During the reporting period, capitalizing on the AI trend, the company achieved operating revenue of **CNY 5.04 billion** (a **4.40% year-on-year increase**) and net profit attributable to the parent company of **CNY 153.78 million** (a **10.08% year-on-year increase**)[19](index=19&type=chunk) - In the data center sector, the company launched AILB load balancing solutions and released self-developed 400G/800G high-speed optical modules based on LPO technology, promoting green development of data center networks[20](index=20&type=chunk)[21](index=21&type=chunk) - According to IDC data, in Q1 2024, the company ranked third in both China's Ethernet switch and data center switch markets, and second in the enterprise WLAN market (first in Wi-Fi 6 product shipments)[23](index=23&type=chunk) Operating Revenue and Gross Margin by Product | Product Name | Current Period Operating Revenue (CNY) | Gross Margin | Prior Period Operating Revenue (CNY) | Gross Margin | | :--- | :--- | :--- | :--- | :--- | | Data Center Switches | 1,684,969,500.02 | 27.64% | 1,040,218,094.64 | 33.52% | - Demand for data center switch products grew rapidly, but gross margin declined due to customer cost reduction pressures[28](index=28&type=chunk) [Core Competitiveness Analysis](index=12&type=section&id=%E4%BA%8C%E3%80%81%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) The company's core strengths include strong R&D, deep industry experience, extensive customer resources, a broad sales network, efficient service, and a stable equity structure with employee incentives - **R&D Capability**: Operates eight R&D centers, with R&D personnel accounting for approximately **50%** of staff, and R&D investment representing **18.76%** of revenue in H1 2024[29](index=29&type=chunk) - **Customer Resources**: Serves over **300** internet companies, **1,000+** financial institutions, **5,000+** hospitals, and **2,600+** universities[30](index=30&type=chunk) - **Sales Network**: Boasts over **20,000** partners, with operations spanning more than **90** countries and regions globally[31](index=31&type=chunk) - **Equity and Incentives**: Employee stock ownership platforms hold a significant **43.12%** stake, enhancing core team stability and motivation[33](index=33&type=chunk) [Main Business Analysis](index=12&type=section&id=%E4%B8%89%E3%80%81%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) Administrative expenses increased by 19.21% due to higher personnel costs, while financial expenses decreased by 166.06% due to exchange gains and interest income; operating cash flow significantly declined by 309.38% due to increased inventory purchases, and international revenue grew by 58.10% with improved gross margin Key Financial Items and Changes | Financial Item | Current Period (CNY) | Prior Period (CNY) | Year-on-Year Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | **Administrative Expenses** | 279,218,073.32 | 234,226,081.45 | 19.21% | Primarily due to increased personnel costs | | **Financial Expenses** | -10,151,523.65 | 15,366,989.89 | -166.06% | Primarily due to increased exchange gains and interest income | | **Net Cash Flow from Operating Activities** | -1,222,401,946.44 | -298,600,237.38 | -309.38% | Primarily due to increased inventory purchases and material payments in the current period | | **Net Cash Flow from Investing Activities** | -444,289,941.62 | -108,016,993.31 | -311.31% | Primarily due to increased R&D project development expenditures and time deposits | | **Net Cash Flow from Financing Activities** | 881,555,741.76 | -843,998,189.47 | 204.45% | Primarily due to increased short-term bank borrowings and reduced repayments | Operating Performance by Category | Category | Operating Revenue (CNY) | Operating Cost (CNY) | Gross Margin | Revenue YoY Change | Cost YoY Change | Gross Margin YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | **Network Equipment** | 3,984,828,412.44 | 2,498,836,705.77 | 37.29% | +8.98% | +18.57% | -5.07% | | **Domestic** | 4,272,006,231.30 | 2,792,510,540.17 | 34.63% | -1.63% | +6.91% | -5.22% | | **International** | 771,457,783.02 | 436,465,108.09 | 43.42% | +58.10% | +36.91% | +8.76% | [Non-Core Business Analysis](index=14&type=section&id=%E5%9B%9B%E3%80%81%E9%9D%9E%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) Non-core operations significantly impacted profit, with other income reaching CNY 148 million (190.10% of total profit) primarily from sustainable software VAT refunds and government grants, while asset and credit impairment losses negatively affected profitability Impact of Non-Core Business on Profit | Item | Amount (CNY) | % of Total Profit | Reason for Formation | | :--- | :--- | :--- | :--- | | **Other Income** | 148,010,775.06 | 190.10% | Primarily software VAT refunds and other government grants received | | **Asset Impairment** | -32,430,848.64 | -41.65% | Primarily due to provision for inventory obsolescence | | **Non-operating Income** | 12,901,398.45 | 16.57% | Primarily compensation and liquidated damages received | | **Credit Impairment Losses** | -7,098,828.06 | -9.12% | Primarily due to provision for bad debts | [Asset and Liability Status Analysis](index=14&type=section&id=%E4%BA%94%E3%80%81%E8%B5%84%E4%BA%A7%E5%8F%8A%E8%B4%9F%E5%80%BA%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) Total assets increased by 5.31% to CNY 8.81 billion, with higher proportions of inventories and accounts receivable, and a decrease in cash; short-term borrowings significantly increased from 8.27% to 19.90% of total assets, indicating increased short-term financing for operations Asset and Liability Changes | Asset/Liability Item | Period-end Amount (CNY) | % of Total Assets | Period-start Amount (CNY) | % of Total Assets | Explanation of Change | | :--- | :--- | :--- | :--- | :--- | :--- | | **Cash and Cash Equivalents** | 1,729,056,165.06 | 19.63% | 2,298,269,429.80 | 27.48% | Primarily due to increased raw material purchases, higher material payments, and dividend payments | | **Accounts Receivable** | 1,673,132,501.25 | 19.00% | 1,302,044,902.70 | 15.57% | - | | **Inventories** | 3,301,182,023.04 | 37.48% | 2,874,502,193.63 | 34.37% | - | | **Short-term Borrowings** | 1,752,495,723.46 | 19.90% | 692,043,055.26 | 8.27% | Primarily due to increased short-term bank borrowings | - As of the end of the reporting period, **CNY 4.97 million** in cash and cash equivalents was restricted due to bank guarantees, bill deposits, and litigation freezes[44](index=44&type=chunk) [Analysis of Major Holding and Participating Companies](index=16&type=section&id=%E5%85%AB%E3%80%81%E4%B8%BB%E8%A6%81%E6%8E%A7%E8%82%A1%E5%8F%82%E8%82%A1%E5%85%AC%E5%8F%B8%E5%88%86%E6%9E%90) During the reporting period, both major wholly-owned subsidiaries, Beijing Ruijie and Shanghai Ruishan, incurred losses of CNY 92.55 million and CNY 17.71 million respectively, primarily due to increased personnel costs from organizational adjustments and expanded staff Net Profit of Major Subsidiaries | Company Name | Type | Net Profit (CNY) | Explanation for Loss | | :--- | :--- | :--- | :--- | | **Beijing Star-net Ruijie Network Technology Co., Ltd.** | Subsidiary | -92,547,254.32 | Primarily due to increased personnel costs from organizational adjustments | | **Shanghai Ruishan Network Co., Ltd.** | Subsidiary | -17,710,893.88 | Primarily due to increased personnel costs from expanded staff size | [Risks Faced by the Company and Countermeasures](index=17&type=section&id=%E5%8D%81%E3%80%81%E5%85%AC%E5%8F%B8%E9%9D%A2%E4%B8%B4%E7%9A%84%E9%A3%8E%E9%99%A9%E5%92%8C%E5%BA%94%E5%AF%B9%E6%8E%AA%E6%96%BD) The company faces innovation, bidding, R&D failure, and chip supply risks, as the ICT industry's rapid technological changes, reliance on bidding, high R&D investment, and external chip dependency pose significant challenges to competitiveness and operations - **Innovation Risk**: Rapid technological updates in ICT products mean that if the company's R&D direction deviates from market trends, new products may fail to meet customer demand, reducing competitiveness[52](index=52&type=chunk) - **Bidding Risk**: Many of the company's direct and channel sales customers procure through bidding, and failure to qualify or a decrease in winning bid prices will adversely affect performance[53](index=53&type=chunk)[54](index=54&type=chunk) - **R&D Failure Risk**: New technology development involves uncertainties, and if key technologies are not breakthroughs or performance falls short of expectations, initial investments may not yield returns[55](index=55&type=chunk) - **Risk of Insufficient Chip Supply**: Core chips rely on external procurement, and unfavorable changes in international trade conditions could lead to a risk of insufficient chip supply for the company[56](index=56&type=chunk) [Corporate Governance](index=20&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86) [Shareholders' Meeting Information](index=20&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%8F%AC%E5%BC%80%E7%9A%84%E5%B9%B4%E5%BA%A6%E8%82%A1%E4%B8%9C%E5%A4%A7%E4%BC%9A%E5%92%8C%E4%B8%B4%E6%97%B6%E8%82%A1%E4%B8%9C%E5%A4%A7%E4%BC%9A%E7%9A%84%E6%9C%89%E5%85%B3%E6%83%85%E5%86%B5) The company held its 2023 Annual Shareholders' Meeting on May 21, 2024, with 88.44% investor participation, and all proposals were approved - The 2023 Annual Shareholders' Meeting was held on May 21, 2024, with an investor participation rate of **88.44%**[60](index=60&type=chunk) [Profit Distribution](index=20&type=section&id=%E4%B8%89%E3%80%81%E6%9C%AC%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%88%A9%E6%B6%A6%E5%88%86%E9%85%8D%E5%8F%8A%E8%B5%84%E6%9C%AC%E5%85%AC%E7%A7%AF%E9%87%91%E8%BD%AC%E5%A2%9E%E8%82%A1%E6%9C%AC%E6%83%85%E5%86%B5) The company plans no cash dividends, bonus shares, or capital reserve conversions for the 2024 semi-annual period - The company plans no profit distribution or capital reserve conversion for the semi-annual period[61](index=61&type=chunk) [Environmental and Social Responsibility](index=21&type=section&id=%E7%AC%AC%E4%BA%94%E8%8A%82%20%E7%8E%AF%E5%A2%83%E5%92%8C%E7%A4%BE%E4%BC%9A%E8%B4%A3%E4%BB%BB) [Significant Environmental Issues](index=21&type=section&id=%E4%B8%80%E3%80%81%E9%87%8D%E5%A4%A7%E7%8E%AF%E4%BF%9D%E9%97%AE%E9%A2%98%E6%83%85%E5%86%B5) The company and its subsidiaries are not classified as key polluting entities and received no environmental administrative penalties during the reporting period - The company and its subsidiaries are not classified as key polluting entities and incurred no environmental administrative penalties during the reporting period[62](index=62&type=chunk)[63](index=63&type=chunk) [Social Responsibility](index=21&type=section&id=%E4%BA%8C%E3%80%81%E7%A4%BE%E4%BC%9A%E8%B4%A3%E4%BB%BB%E6%83%85%E5%86%B5) The company actively fulfills social responsibilities through investor relations, employee rights, supply chain cooperation, green initiatives, and public welfare, including a CNY 318 million cash dividend distribution and efforts in energy conservation and charitable activities - Implemented the 2023 equity distribution, paying a cash dividend of **CNY 5.60** (tax inclusive) per 10 shares to all shareholders, totaling **CNY 318 million**[64](index=64&type=chunk) - Adopts low-carbon and energy-saving technologies in product design and production to reduce power consumption and carbon emissions[64](index=64&type=chunk) - Engages in public welfare activities such as student aid, poverty alleviation, and disaster relief through the Beijing Ruijie Public Welfare Foundation[64](index=64&type=chunk) [Significant Matters](index=22&type=section&id=%E7%AC%AC%E5%85%AD%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) [Significant Related Party Transactions](index=23&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E9%87%8D%E5%A4%A7%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) The company engaged in various daily related party transactions, primarily purchasing raw materials and services from controlling shareholder-controlled entities, totaling CNY 314 million within approved limits and at fair market value Related Party Transactions | Related Party | Related Party Transaction Type | Amount Incurred This Period (CNY 10,000) | Approved Limit (CNY 10,000) | | :--- | :--- | :--- | :--- | | Fujian Star-net Chuangzhi Technology Co., Ltd. | Purchase of Raw Materials, Goods | 18,617.93 | 40,500 | | Fujian Star-net Ruijie Communications Co., Ltd. | Acceptance of Labor, Services | 3,501.71 | 8,000 | | Fujian Star-net Ruijie Communications Co., Ltd. | Acceptance of Utilities and Property Services | 1,532.94 | 4,000 | | Fujian Star-net Ruijie Communications Co., Ltd. | Lease of Assets | 1,195.14 | 2,500 | | Fujian Star-net Chuangzhi Technology Co., Ltd. | Sale of Raw Materials, Goods | 5,046.85 | 10,820 | - During the reporting period, the company's total daily related party transactions amounted to **CNY 314 million**, not exceeding the annual estimated total limit of **CNY 813 million**[72](index=72&type=chunk) [Share Capital Changes and Shareholder Information](index=29&type=section&id=%E7%AC%AC%E4%B8%83%E8%8A%82%20%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E5%8F%8A%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) [Share Capital Changes](index=29&type=section&id=%E4%B8%80%E3%80%81%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) The company's total share capital remained unchanged at 568,181,818 shares, with 88.00% restricted and 12.00% unrestricted shares Share Capital Structure | Share Type | Number of Shares | Proportion | | :--- | :--- | :--- | | **Total Share Capital** | 568,181,818 | 100.00% | | Restricted Shares | 500,000,000 | 88.00% | | Unrestricted Shares | 68,181,818 | 12.00% | [Shareholder Numbers and Shareholding](index=30&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5) As of the reporting period end, the company had 20,742 common shareholders, with Fujian Star-net Ruijie Communications Co., Ltd. and Xiamen Ruijin Dongfang Enterprise Management Consulting Partnership (Limited Partnership) as the top two shareholders, holding 44.88% and 43.12% respectively, acting in concert - As of the end of the reporting period, the total number of common shareholders was **20,742**[82](index=82&type=chunk) Top Two Shareholders | Shareholder Name | Nature | Shareholding Proportion | Number of Shares Held | | :--- | :--- | :--- | :--- | | Fujian Star-net Ruijie Communications Co., Ltd. | State-owned Legal Person | 44.88% | 255,000,000 | | Xiamen Ruijin Dongfang Enterprise Management Consulting Partnership (Limited Partnership) | Domestic Non-state-owned Legal Person | 43.12% | 245,000,000 | - Controlling shareholder Fujian Star-net Ruijie and shareholder Xiamen Ruijin Dongfang, holding over 5%, are parties acting in concert[84](index=84&type=chunk) [Preferred Share Information](index=34&type=section&id=%E7%AC%AC%E5%85%AB%E8%8A%82%20%E4%BC%98%E5%85%88%E8%82%A1%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) [Preferred Shares](index=34&type=section&id=%E4%BC%98%E5%85%88%E8%82%A1%E6%83%85%E5%86%B5) The company had no preferred shares during the reporting period - The company had no preferred shares during the reporting period[93](index=93&type=chunk) [Bond Information](index=35&type=section&id=%E7%AC%AC%E4%B9%9D%E8%8A%82%20%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) [Bonds](index=35&type=section&id=%E5%80%BA%E5%88%B8%E6%83%85%E5%86%B5) The company had no bond-related information during the reporting period - The company had no bond-related information during the reporting period[94](index=94&type=chunk) [Financial Report](index=36&type=section&id=%E7%AC%AC%E5%8D%81%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A) [Audit Report](index=36&type=section&id=%E4%B8%80%E3%80%81%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) The company's 2024 semi-annual financial report is unaudited - The company's semi-annual financial report is unaudited[95](index=95&type=chunk) [Financial Statements](index=36&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) Financial statements show total assets of CNY 8.81 billion and total liabilities of CNY 4.68 billion; operating revenue was CNY 5.04 billion, net profit CNY 153.78 million, with net cash outflows from operating and investing activities, offset by financing inflows, resulting in a net decrease in cash and cash equivalents of CNY 787.17 million [Consolidated Balance Sheet](index=36&type=section&id=1%E3%80%81%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of June 30, 2024, total assets were CNY 8.81 billion, total liabilities CNY 4.68 billion, and equity attributable to parent company CNY 4.13 billion, with significant increases in inventories and short-term borrowings, and decreases in cash and cash equivalents and notes payable compared to the beginning of the period Consolidated Balance Sheet Summary | Major Item | Period-end Balance (CNY) | Period-start Balance (CNY) | | :--- | :--- | :--- | | **Total Assets** | 8,808,159,755.50 | 8,364,287,596.27 | | Cash and Cash Equivalents | 1,729,056,165.06 | 2,298,269,429.80 | | Inventories | 3,301,182,023.04 | 2,874,502,193.63 | | **Total Liabilities** | 4,678,666,883.64 | 4,079,521,108.90 | | Short-term Borrowings | 1,752,495,723.46 | 692,043,055.26 | | **Total Owners' Equity** | 4,129,492,871.86 | 4,284,766,487.37 | [Consolidated Income Statement](index=40&type=section&id=3%E3%80%81%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) In H1 2024, total operating revenue reached CNY 5.04 billion, a 4.4% increase, with operating costs growing faster at 10.17%; financial expenses were negative CNY 10.15 million due to exchange gains, resulting in a net profit attributable to parent company of CNY 153.78 million, up 10.08% Consolidated Income Statement Summary | Item | H1 2024 (CNY) | H1 2023 (CNY) | | :--- | :--- | :--- | | **I. Total Operating Revenue** | 5,043,464,014.32 | 4,830,788,163.50 | | Operating Cost | 3,228,975,648.26 | 2,930,778,102.60 | | R&D Expenses | 805,420,507.31 | 945,198,671.03 | | Financial Expenses | -10,151,523.65 | 15,366,989.89 | | **IV. Total Profit** | 77,859,359.21 | 27,907,055.28 | | **V. Net Profit** | 153,783,354.79 | 139,705,271.09 | | Net Profit Attributable to Parent Company Shareholders | 153,783,354.79 | 139,705,271.09 | [Consolidated Cash Flow Statement](index=44&type=section&id=5%E3%80%81%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) In H1 2024, operating activities resulted in a significant net cash outflow of CNY 1.22 billion, primarily due to increased payments for goods and services; investing activities also had a net outflow of CNY 444.29 million, while financing activities generated a net inflow of CNY 881.56 million, leading to an overall net decrease in cash and cash equivalents of CNY 787.17 million Consolidated Cash Flow Statement Summary | Item | H1 2024 (CNY) | H1 2023 (CNY) | | :--- | :--- | :--- | | **Net Cash Flow from Operating Activities** | -1,222,401,946.44 | -298,600,237.38 | | Cash Received from Sales of Goods and Services | 5,124,950,467.97 | 4,323,912,838.33 | | Cash Paid for Goods and Services | 4,245,793,082.72 | 2,093,913,977.19 | | **Net Cash Flow from Investing Activities** | -444,289,941.62 | -108,016,993.31 | | **Net Cash Flow from Financing Activities** | 881,555,741.76 | -843,998,189.47 | | **Net Increase in Cash and Cash Equivalents** | -787,168,685.99 | -1,317,900,661.34 | [Notes to Consolidated Financial Statements](index=81&type=section&id=%E4%B8%83%E3%80%81%E5%90%88%E5%B9%B6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E6%B3%A8%E9%87%8A) This section details consolidated financial statement items, highlighting approximately CNY 249 million in restricted cash, significant accounts receivable and inventories at CNY 1.67 billion and CNY 3.30 billion respectively, a surge in short-term borrowings to CNY 1.75 billion, and substantial R&D investment with CNY 141 million capitalized as development expenditures

证券代码：301165 证券简称：锐捷网络 公告编号：2024-072 锐捷网络股份有限公司 第三届监事会第十二次会议决议公告 公司监事会认为：董事会编制和审核公司 2024 年半年度报告及其摘要的程 序符合相关法律法规、部门规章、规范性文件及自律监管规则的规定，报告内容 真实、准确、完整地反映了公司的实际情况，不存在虚假记载、误导性陈述或者 重大遗漏。因此，全体监事一致同意 2024 年半年度报告及其摘要的内容。 具体内容详见公司同日于巨潮资讯网（http://www.cninfo.com.cn）披露的 《2024 年半年度报告》及《2024 年半年度报告摘要》。 表决结果：全体监事以 3 票同意、0 票反对、0 票弃权通过。 三、备查文件 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 8 月 9 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十二次会议的通知，并于 2024 年 8 月 21 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 ...

锐捷网络股份有限公司 2023 年年度权益分派实施公告 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"或"锐捷网络"）2023 年年度权 益分派方案已获公司于 2024 年 5 月 21 日召开的 2023 年年度股东大会审议通过， 现将权益分派事宜公告如下： 一、股东大会审议通过权益分派方案的情况 1、公司 2023 年年度股东大会审议通过了 2023 年年度权益分派方案，具体 内容为：以 2023 年 12 月 31 日股份总数 568,181,818 股为基数，以未分配利润向 全体股东每 10 股派发现金股利 5.60 元（含税），共计分配股利 318,181,818.08 元（含税）。本次权益分派不送红股，不以资本公积金转增股本。 本次权益分派方案披露至实施期间，若公司总股本由于可转债转股、股份回 购、股权激励行权、再融资新增股份上市等原因而发生变化时，本次权益分派比 例将按现金分红总额固定不变的原则进行相应调整。 证券代码：301165 证券简称：锐捷网络 公告编号：2024-068 2、自本次权益分派方案披露 ...

1、本次股东大会未出现否决议案的情形。 2、本次股东大会不涉及变更以往股东大会已通过的决议。 证券代码：301165 证券简称：锐捷网络 公告编号：2024- 067 锐捷网络股份有限公司 2023 年年度股东大会决议公告 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。 特别提示： 2、现场会议召开地点：福建省福州市闽侯县高新区新港大道 33 号星网锐捷 科技园 B 栋 16 层公司会议室 3、会议召开方式：本次股东大会采取现场投票与网络投票相结合的方式。 4、会议召集人：公司董事会 5、会议主持人：董事长黄奕豪先生 6、会议的召集、召开与表决程序符合国家有关法律、行政法规、部门规章、 规范性文件及《公司章程》的规定。 1 一、会议召开和出席情况 （一）会议召开情况 1、会议召开时间 （1）现场会议时间：2024 年 5 月 21 日下午 14:30 开始。 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的时间为 2024 年 5 月 21 日上午 9:15-9:25，9:30-11:30 和下午 13:00-15:00；通过深圳证券 交易所互联网 ...

北京市中伦律师事务所 关于锐捷网络股份有限公司 2023 年年度股东大会的 法律意见书 二〇二四年五月 北京 • 上海 • 深圳 • 广州 • 武汉 • 成都 • 重庆 • 青岛 • 杭州 • 南京 • 海口 • 东京 • 香港 • 伦敦 • 纽约 • 洛杉矶 • 旧金山 • 阿拉木图 Beijing • Shanghai • Shenzhen • Guangzhou • Wuhan • Chengdu • Chongqing • Qingdao • Hangzhou • Nanjing • Haikou • Tokyo • Hong Kong • London • New York • Los Angeles • San Francisco • Almaty 法律意见书 致：锐捷网络股份有限公司 北京市中伦律师事务所（以下简称"本所"）接受锐捷网络股份有限公司（以 下简称"公司"）委托，指派本所律师对公司 2023 年年度股东大会（以下简称 "本次股东大会"）的合法性进行见证并出具本法律意见书。 本所及本所律师依据《中华人民共和国证券法》（以下简称"《证券法》"）、 《律师事务所从事证券法律业务管理办法》和 ...

Investment Rating - The report maintains a "Recommended" rating for the company, with a current price of 34.98 yuan [3]. Core Views - The company reported a revenue of 2.147 billion yuan in Q1 2024, a year-on-year decrease of 0.24%, and a net profit attributable to shareholders of only 0.02 million yuan, down 98.07% year-on-year [1]. - The macroeconomic uncertainty has posed significant challenges to the ICT industry, leading to a decline in market capacity for the first time in nearly four years. However, the long-term outlook remains positive due to the growth of the digital economy [1]. - The company is expected to benefit from the acceleration of digital infrastructure construction driven by the AI wave, with projected net profits of 650 million yuan, 850 million yuan, and 1.09 billion yuan for 2024, 2025, and 2026 respectively [2][3]. Financial Performance Summary - In Q1 2024, the company achieved a gross margin of 38.52%, a decrease of 3.82 percentage points year-on-year, and a net margin of 0.11%, down 5.44 percentage points year-on-year [1]. - The company's operating expenses increased due to the expansion of its business scale, with a year-on-year increase in the expense ratio of 3.03 percentage points [1]. - The forecast for total revenue is 11.542 billion yuan for 2023, with expected growth rates of 1.9%, 28.5%, 16.1%, and 12.5% for the years 2024 to 2026 [3][7]. Market Position and Product Competitiveness - The company ranks first in the local computing cloud terminal market and has maintained the top position in the IDV cloud desktop market for three consecutive years. It also leads in the WLAN market with Wi-Fi6 product shipments for five consecutive years [2]. - The company has become a new member of the Ethernet Alliance in the data center network field and has introduced advanced products such as 400G data center switches [2]. - The company’s GPU cloud solutions won the PConline 2023 Annual Technology Innovation Award, showcasing its commitment to innovation in cloud office solutions [2].

证券研究报告 | 2024年04月26日 锐捷网络（301165.SZ） 增持 一季度经营承压，加大投入迎 AI 新机遇 核心观点 公司研究·财报点评 2024年一季度公司经营业绩承压。2024年一季度公司营收21.47亿元，同 通信·通信设备 比下降0.24%；归母净利润0.02亿元，同比下降98.07%；扣非净利润为-0.13 证券分析师：马成龙 证券分析师：袁文翀 亿元，同比下降111.66%。国际形势复杂多变，相关行业需求不足，给公司 021-60933150 021-60375411 machenglong@guosen.com.cn yuanwenchong@guosen.com.cn 业务拓展带来较大压力。 S0980518100002 S0980523110003 公司投入加大，成本费用有所提升。行业竞争愈发激烈，产品价格有所波动， 基础数据 公司2024年一季度毛利率为38.52%，同比下降3.82pct，环比下降0.94pct。 投资评级 增持(维持) 合理估值 面对新AI等新产业发展趋势，公司在过去两年持续扩大经营规模，2021-2023 收盘价 36.08元 总市值/流通市值 2050 ...