Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
002396.SZ
BUYREMOVEFujian Star-net Communication Co., LTD. · Technology · China · $2.6B · Avg Vol: $117M/d
Fujian Star-net provides enterprise networking and terminal equipment. It operates in a highly competitive domestic market with low pricing power and lacks a clear connection to our core global macro themes.
COMPANY DESCRIPTION
Fujian Star-net Communication Co., LTD. designs and manufactures enterprise networking equipment, cloud computing terminals, and smart communication solutions. The company is a leading domestic player in China's enterprise network market, particularly strong in the education, government, and financial sectors through its subsidiary Ruijie Networks. Its continuous R&D investment in next-generation Wi-Fi and cloud desktop technologies ensures its competitiveness against global networking giants.
FINANCIAL SUMMARY
| Year | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|
| Revenue | 2.3B | 2.4B | 2.5B | 2.8B | 6.8% |
| EPS | 0.15 | 0.11 | 0.10 | 0.10 | -10.6% |
| Shares | 583M | 593M | 589M | 586M | +0.4% |
| Debt | 127M | 168M | 278M | 271M | 28.9% |
| Equity | 897M | 951M | 987M | 1.0B | 4.7% |
| Op CF | 80M | 202M | 49M | 309M | 56.8% |
| Inv CF | -65M | -98M | -253M | -91M | — |
| Fin CF | 323M | -116M | -49M | -62M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of 002396.SZ are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| 002396.SZ | Fujian Star-net Communication Co., LTD.(you) | $2.6B | 66 | BUY |
| 600345.SS | WuHan Yangtze Communication Industry GroupCo.,Ltd | $2.4B | 57 | HOLD |
| 300292.SZ | Wutong Holding Group Co., Ltd. | $1.1B | 67 | BUY |
| 300570.SZ | T&S Communications Co.,Ltd. | $5.6B | 70 | BUY |
| 3355.HK | FS.COM Limited | $1.9B | 84 | STRONG BUY |
| 301391.SZ | Colorlight Cloud Tech Ltd | $911M | 62 | HOLD |
| 600776.SS | Eastern Communications Co.,Ltd. | $2.7B | 36 | HOLD |
| 301165.SZ | Ruijie Networks Co., Ltd. | $10.6B | 59 | HOLD |
| 000810.SZ | Skyworth Digital Co., Ltd. | $2.0B | 35 | HOLD |
| 603236.SS | Quectel Wireless Solutions Co., Ltd. | $3.2B | 34 | SELL |
Peer medians: ROE 3.8% · P/E 77.4x · Gross margin 25.9%