Reported 7 months ago
Ruijie Electric held a shareholder meeting on June 13, 2024, announcing that due to an increase in demand from customers for upgrading and expanding a US-based telecom exchange project, the certification process has been extended, with shipments expected to start in the fourth quarter and a significant increase in volume next year. The company expects revenue distribution to be around 40-45:60-55 for the first and second half of this year. With new applications in the network security and SD-WAN product lines, Ruijie Electric is poised for increased contributions. The company also secured a six-year mega order in the US telecom exchange market last year, but due to higher specifications requested by the client, shipment timelines have been postponed to late this year, with a substantial volume expected next year, driving future performance growth.
Source: YAHOO