证券代码：301165 证券简称：锐捷网络 公告编号：2025-028 （一）《关于<2025 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 2025 年半年度财务 报告及 2025 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 《2025 年半年度报告》及《2025 年半年度报告摘要》。 锐捷网络股份有限公司 第四届董事会第五次会议决议公告 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。 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 2025 年 8 月 8 日以电子邮件 方式向公司各位董事、监事及高级管理人员发出关于召开第四届董事会第五次会 议的通知，并于 2025 年 8 月 20 日以现场与通讯结合方式召开。会议由公司董事 长阮加勇先生召集并主持，应出席董事 8 名，实出席董事 8 名，其中董事刘忠东 先生、独立董事马忠先生以视频通讯方式参加会议。全体监事和高级管理人员列 席了会议。本次会议的召集 ...

锐捷网络股份有限公司 2025 年半年度报告 公告编号：2025-025 2025 年 8 月 22 日 1 锐捷网络股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别 和连带的法律责任。 锐捷网络股份有限公司 2025 年半年度报告全文 公司负责人阮加勇、主管会计工作负责人刘弘瑜及会计机构负责人(会计 主管人员)徐继勇声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本报告中涉及的公司未来计划等前瞻性陈述，不构成公司对投资者的实质 性承诺，投资者及相关人士均应对此保持足够的风险认识，并应当理解计划、 预测与承诺之间的差异。 公司在经营管理过程中可能面临的风险，请参见第三节"管理层讨论与分析" 之"十、公司面临的风险和应对措施"的相关内容。敬请广大投资者注意投资风 险，理性投资。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 目录 | | --- | | 第一节 | 重要提示、目录和释义 ...

（2025 年 8 月 20 日经公司第四届董事会第五次会议审议通过） 市值管理制度 第一章 总则 锐捷网络股份有限公司 第一条 为加强锐捷网络股份有限公司（以下简称"公司"）市值管理，切实推 动公司投资价值提升，增强投资者回报，维护投资者利益，根据《中华人民共和 国公司法》《中华人民共和国证券法》《上市公司信息披露管理办法》《上市公 司监管指引第10号——市值管理》等法律法规、规范性文件和《锐捷网络股份有 限公司章程》等规定，制定本制度。 第二条 本制度所称市值管理，是指公司以提高上市公司质量为基础，为提升投 资者回报能力和水平而实施的战略管理行为。其中公司质量是公司投资价值的基 础和市值管理的重要抓手。 第三条 公司在开展市值管理过程中，应当牢固树立回报股东意识，采取措施保 护投资者尤其是中小投资者利益，诚实守信、规范运作、专注主业、稳健经营， 推动经营水平和发展质量提升，并在此基础上做好投资者关系管理，提高信息披 露质量和透明度，必要时积极采取措施提振投资者信心，推动公司投资价值合理 反映公司发展。 第四条 市值管理的基本原则包括： （一）合规性原则：公司应当在严格遵守相关法律法规、规范性文件、自律监管 ...

证券代码：301165 证券简称：锐捷网络 公告编号：2025-029 锐捷网络股份有限公司 第四届监事会第五次会议决议公告 公司监事会认为：董事会编制和审核公司 2025 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 2025 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 《2025 年半年度报告》及《2025 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。 1 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 2025 年 8 月 8 日以电子邮件 方式向公司全体监事发出关于召开第四届监事会第五次会议的通知，并于 2025 年 8 月 20 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 ...

锐捷网络公告，2025年上半年营业收入66.49亿元，同比增长31.84%。净利润4.52亿元，同比增长 194.00%。 ...

Market Performance - On August 18, the A-share market saw a strong performance with a trading volume of 2.81 trillion yuan, marking a near 10-year high for the Shanghai Composite Index [1][2][3] - The Shanghai Composite Index reached 3740 points during the day, the highest since August 21, 2015, while the ChiNext Index closed at 2606.20 points, the highest since February 2, 2023 [2][3] Sector Performance - Technology stocks led the market rally, with significant gains in the telecommunications, comprehensive, and computer sectors, which rose by 4.46%, 3.43%, and 3.33% respectively [3][4] - Small-cap stocks outperformed large-cap stocks, with the CSI 1000 Index and CSI 2000 Index rising by 1.69% and 2.14% respectively [2][3] Capital Inflow - As of August 15, the A-share margin trading balance reached 20,626.42 billion yuan, with a financing balance of 20,485.99 billion yuan, both hitting over 10-year highs [1][5] - The net inflow of leveraged funds exceeded 530 billion yuan last week, indicating strong market interest [5][6] Investment Opportunities - Analysts suggest that the current market conditions present numerous investment opportunities, particularly in technology growth and small-cap styles, with expectations of continued upward movement in the mid-term [1][7][8] - The overall market capitalization of A-shares reached 110.08 trillion yuan, with a rolling P/E ratio of 21.34 times, indicating a strong valuation environment [7][8] Stock Highlights - Notable stocks in the telecommunications sector included Ruijie Networks and Dekeli, both hitting the 20% limit up, while Guangke Technology rose over 18% [4] - The top stocks with significant net inflows included ZTE Corporation and Lioo Co., with inflows of 27.77 billion yuan and 15.11 billion yuan respectively [6]

Group 1 - The stock of Ruijie Networks reached the daily limit, with a turnover rate of 21.34% and a transaction amount of 1.577 billion yuan, showing a fluctuation of 19.18% [2] - Institutional net purchases amounted to 27.89 million yuan, while the Shenzhen Stock Connect saw net purchases of 58.65 million yuan, with a total net purchase from brokerage seats of 30 million yuan [2] - The top five brokerage seats accounted for a total transaction of 532 million yuan, with a net purchase of 11.7 million yuan [2] Group 2 - As of August 15, the latest margin balance for the stock was 463 million yuan, with a financing balance of 460 million yuan and a securities lending balance of 3.0231 million yuan [3] - Over the past five days, the financing balance increased by 72.03 million yuan, representing an increase of 18.59%, while the securities lending balance rose by 113,100 yuan, an increase of 3.89% [3] - On August 18, the top buying and selling brokerage seats included the Shenzhen Stock Connect, which had a buying amount of 194.51 million yuan and a selling amount of 135.86 million yuan [3]

Market Performance - On August 18, the communication equipment sector rose by 5.17%, with Dekoli leading the gains [1] - The Shanghai Composite Index closed at 3728.03, up 0.85%, while the Shenzhen Component Index closed at 11835.57, up 1.73% [1] Top Gainers - Dekoli (688205) closed at 82.92, up 20.00% with a trading volume of 121,400 shares and a transaction value of 9.67 billion [1] - Ruijie Network (301165) also saw a 20.00% increase, closing at 81.85 with a trading volume of 203,700 shares and a transaction value of 15.77 billion [1] - Other notable gainers include Guangku Technology (300620) up 18.29%, Shijia Photon (688313) up 16.38%, and ST Lutong (300555) up 13.14% [1] Market Capital Flow - The communication equipment sector experienced a net inflow of 3.363 billion from institutional investors, while retail investors saw a net outflow of 327 million [2][3] - Major stocks like ZTE Corporation (000063) had a significant net outflow of 1.603 billion from retail investors, despite a net inflow of 2.756 billion from institutional investors [3] Individual Stock Performance - ZTE Corporation (000063) closed at 38.31, up 8.80%, with a trading volume of 3,859,200 shares and a transaction value of 14.703 billion [1] - Other stocks such as Dongxin Peace (002017) and Zhongji Xuchuang (300308) also showed positive performance with respective increases of 10.00% and 9.22% [1]

Group 1 - The ChiNext Index (399006) rose by 2.84% as of August 18, 2025, breaking the previous high from October 8, 2024, indicating a new peak in the market [1] - Notable stocks such as Ruijie Networks (301165) increased by 20.00%, Mango Excellent Media (300413) by 16.98%, and Guiding Compass (300803) by 14.64%, reflecting strong performance in the market [1] - Open Source Securities highlighted that recent market performance signals positive trends, with increased trading volume and a shift of resident wealth towards financial assets, contributing to upward market momentum [1] Group 2 - According to China Merchants Securities, the main channels for resident funds entering the market include rising financing balances, increasing private equity fund sizes, and active personal investor account openings, creating a positive feedback loop for incremental funds [2] - The market is currently characterized by a clear preference for technology growth styles (ChiNext 200, ChiNext Index) and small-cap styles (CSI 1000, CSI 2000), which are expected to continue until other types of external funds enter the market [2] - The ChiNext ETF closely tracks the ChiNext Index, which consists of 100 stocks with large market capitalization and good liquidity, reflecting the operational status of the ChiNext market [2]

Core Viewpoint - The A-share market has reached significant milestones, with major indices hitting multi-year highs and the total market capitalization surpassing 100 trillion yuan for the first time in history [3][10]. Market Performance - The Shanghai Composite Index broke through the previous high of 3731.69 points set in February 2021, marking a nearly ten-year high [4]. - The Shenzhen Component Index surpassed 11864.11 points, achieving a new high in the last two years [6]. - The ChiNext Index crossed the 2600-point mark, reaching its highest level since February 2023 [8]. - The total market capitalization of A-shares exceeded 100 trillion yuan, a historic milestone [10]. - As of the market close, the Shanghai Composite Index rose by 0.85%, the Shenzhen Component Index increased by 1.73%, and the ChiNext Index gained 2.84% [11]. Sector Performance - Key sectors that saw significant gains included liquid cooling servers, film and television, consumer electronics, rare earth permanent magnets, and AI [13]. - The liquid cooling server sector was particularly strong, with over 20 stocks hitting the daily limit or rising more than 10%, including Shuguang Digital Creation with a 30% limit up [13]. Institutional Insights - According to Citic Securities, the current A-share market is characterized by a structural slow bull trend, with a focus on technology growth (AI computing power, robotics, innovative pharmaceuticals) and financial sectors (brokerage, insurance) [17]. - CICC noted that the recent upward trend in the A-share market reflects positive changes in market liquidity, with improved capital structure and increased market participation [17]. - Zhongxin Securities identified four characteristics of the current slow bull market, emphasizing structural prosperity as the main driving force and cautioning against potential overheating in investor sentiment [17].