Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizen FryZen for the clue delivery! CTOnews.com November 21 news, today, Ruijie Network listed on the gem of Shenzhen Stock Exchange. As of the close, Ruijie's shares rose 15.81 percent to 37.50 yuan, with a total market capitalization of 21.307 billion yuan.

According to Ruijie network data, the company's operating income increased by 34.19% in the first half of 2022 over the same period last year, with a compound growth rate of 32.68% from 2019 to 2021. The company ranks among the top three in the market in network equipment and cloud desktop business.

In the field of network equipment, from 2019 to 2021, Ruijie Network Company's network equipment revenue grew at a compound rate of 33.4%, and the data center switch market grew at a compound rate of 55.8% in the past three years. According to IDC data, Ruijie ranked first in shipments in China's enterprise WLAN market in 2021.

In the field of network security, Ruijie Network Company's network security products serve more than 10000 customers in government, finance, education and other industries. In the field of cloud desktops, Ruijie Network has launched a panoramic integrated cloud desktop solution.

According to Ruijie, R & D investment accounted for more than 15 per cent of revenue between 2019 and 2021 and currently has 1201 patents, including 1168 invention patents and 55.56 per cent of R & D staff.

CTOnews.com learned that the prospectus shows that Ruijie Network's initial public offering raised a total of 2.208 billion yuan, which will be invested in the research and development and industrialization of new generation network communications equipment, cloud convergence solution research and industrialization projects, data communications R & D technology platform and supplementary current funds.

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