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Tianfeng: New AI momentum drives industry growth acceleration, bullish on the communication industry to continue high prosperity and accelerate growth each quarter.
In terms of net income, the overall net income of communications equipment in Q3 2024 increased by 18% year-on-year, a significant reversal compared to the -16% in Q3 2023, reflecting a rapid recovery in industry profitability amid the transition between old and new driving forces.
Express News | Domestic GPU company Moore Threads launches listing counseling, and many listed companies respond to the cooperation situation.
Express News | Ruijie Networks: Technical consultation and communication with Moore Thread Company.
Ruijie Networks (301165): The datacenter revenue has increased significantly, benefiting from the opportunity of domestic computing power.
Event: On October 25th, Ruijie Networks released the third quarter report of 2024. In the first three quarters of 2024, the company achieved revenue of 8.377 billion yuan, a year-on-year increase of 5.36%, and net income attributable to shareholders of 0.412 billion yuan.
Express News | Ruijie Networks: It is expected that next year, the 800G switch products will gradually begin mass deployment.
Hong Kong stock abnormal movement | jd.com logistics (02618) rose by over 3% again, recently signed a further deepening cooperation agreement with Ruijie Networks.
jd.com logistics (02618) rose by over 3% again, as of the time of publication, up by 2.69% to HK$16.78, with a turnover of 0.128 billion Hong Kong dollars.
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