Star-Net Ruijie hits 6 up-limits in 10 sessions as switch concept heats up again

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Star-Net Ruijie has surged by the daily limit in six of the past ten trading sessions. The switch concept was active again in morning trade, with shares of Feilinks, Shengke Communication, Ruijie Networks, ZTE, and Unisplendour all rising in sympathy. On the news front, a research note from Shanxi Securities said AI data centre switches are entering a triple resonance of demand expansion, speed upgrades, and domestic substitution, with the adoption ratio of domestic switches, switch chips, and networking solutions expected to increase. Star-Net Ruijie announced on 2 July that it expects net profit attributable to the parent company for the first half of 2026 to be between 310 million and 430 million yuan, representing year-on-year growth of 46.27 percent to 102.90 percent. A sharp increase in data centre switch business from a subsidiary serving internet clients was the core driver. The company had previously issued a notice on abnormal share price movements, warning that if raw material prices such as chips continue to rise or the supply situation tightens further, gross margins on some products could come under pressure and results may fall short of expectations.

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Others▲ · 6 stocks
Fujian Star Net Communic Ltd
002396
▲ PositiveDemandSupplyrelevance

Expects H1 net profit up 46-103% driven by sharp increase in data centre switch business from subsidiary serving internet clients.

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