Star-net Ruijie hits limit up two minutes after open, notching six boards in ten sessions

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Star-net Ruijie shot straight up after the open and hit its daily limit up within two minutes, marking its sixth limit-up board in ten trading days. The company expects net profit attributable to shareholders of the listed 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. The increase is mainly due to a substantial rise in data centre switch business from its subsidiary serving internet clients, as well as higher fair value gains from an industry fund and increased equity transfer income. On the news front, institutional research notes point out that AI data centre switches are entering a triple resonance of demand surge, speed upgrades, and domestic substitution, with the adoption rate of domestic switches expected to rise. In addition, the electronic specialty gas theme strengthened, with Jove Energy hitting limit up at the open and notching two consecutive boards, after the Ministry of Commerce and the General Administration of Customs decided to impose temporary export controls on helium. The Huawei Ascend concept saw a sudden surge, with Sichuan Changhong hitting limit up in a straight line, as the 2026 World Artificial Intelligence Conference is about to open and Ascend's super node will make its debut. The traditional Chinese medicine theme was active, with Longshen Rongfa surging by the 20 percent limit, after the State Council approved in principle the 15th Five-Year Plan for the Revitalisation and Development of Traditional Chinese Medicine.

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