Zhitong Financial APP learned that on November 10, Ruijie Network (301165.SZ) opened to apply for the purchase at a price of 32.38 yuan per share, with a ceiling of 11500 shares and a price-to-earnings ratio of 44.97. it belongs to the growth Enterprise Market of the Shenzhen Stock Exchange, with CITIC and Societe Generale Securities as its co-sponsors.
Ruijie Network is a leading provider of ICT infrastructure and industry solutions, specializing in the R & D, design and sales of network equipment, network security products and cloud desktop solutions. After nearly 20 years of development, the company's products and programs have been widely used in the information construction fields of government, operators, finance, Internet, education, health care, energy, transportation, commerce, manufacturing and other industries. The scope of business covers more than 50 countries and regions.
Up to now, Ruijie Network is in the forefront of the market in many fields, such as switches, wireless products, cloud desktops, IT operation and maintenance management. According to IDC statistics, Ruijie ranked third in China's Ethernet switch market share for three consecutive years from 2019 to 2021; China's enterprise WLAN market share ranked third in 2021, of which Wi-Fi 6 product shipments ranked first for three consecutive years from 2019 to 2021; China's enterprise terminal VDI market share ranked first for six consecutive years from 2015 to 2020, and China's local computing IDV cloud desktop market share ranked first in 2021 In 2019, China's IT infrastructure operation and maintenance software ranked first in market share.
In order to maintain its core competitiveness, Ruijie Network continues to invest personnel, funds and equipment in technology and scene innovation. In 2019, 2020, 2021 and the first half of 2022, the proportion of R & D expenses to operating income was 16.54%, 15.25%, 15.13% and 16.24%, respectively, and the proportion of R & D personnel was 49.53%, 50.94%, 54.60% and 55.56%, respectively. After long-term accumulation, the company has made remarkable achievements in innovation. As of July 31, 2022, the company has 1201 patents, including 1168 invention patents and 219 computer software copyrights.
Ruijie Network said that the funds raised are intended to be used for the following projects:
In terms of finance, in 2019,2020,2021 and the first half of 2022, the operating income was 5.22 billion yuan, 6.698 billion yuan, 9.189 billion yuan and 4.522 billion yuan respectively, and the net profit was 392 million yuan, 297 million yuan, 458 million yuan and 261 million yuan, respectively.