← Fujian Star Net Communic overview

Fujian Star Net Communic vs ZTE: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Fujian Star Net Communic Ltd (002396.CS)

Q3 2026
▲3

Star-Net Ruijie rides AI data-centre switch boom to profit surge

  • H1 profit guidance up 46-103% on data-centre switches The company told the market first-half 2026 net profit should rise 46-103% year on year, driven by a sharp jump in data-centre switch sales to internet customers. That is the core reason the stock has been bid up, and it also warned rising chip prices could squeeze margins.

    This is the fundamental earnings driver behind the stock's rise.

  • IPv6 push adds a second demand tailwind Beijing launched a one-year drive to make AI large models fully IPv6-capable, and industry estimates put IPv6-related hardware and upgrade spending above 300 billion yuan through 2030. As an IPv6 equipment supplier, Star-Net Ruijie stands to win orders, and leveraged funds have already been buying the stock.

    A new policy-driven demand source that supports future revenue.

  • Buys 46% of Guangzhou Xinde for 396 million yuan Star-Net Ruijie will pay 396 million yuan cash to lift its stake in optical-access maker Guangzhou Xinde to 67%, making it a subsidiary. Xinde earned 66 million yuan in 2025 and promises at least 75 million in 2026, so the deal should add to group profit and fits the optical business.

    A concrete capital move that adds earnings and strategic fit.

  • Interim profit up 76%, but cash flow turns sharply negative First-half revenue rose 20.7% to 10.7 billion yuan and net profit jumped 75.9% to 373 million yuan, a fifth straight year of growth. However, operating cash flow was negative 3.57 billion yuan, far worse than a year earlier, a real counterweight investors should watch.

    Confirms strong earnings but flags a genuine cash-flow risk.

August 2026
▲3

Star-Net Ruijie rides AI data-centre switch boom to profit surge

  • H1 profit guidance up 46-103% on data-centre switches The company told the market first-half 2026 net profit should rise 46-103% year on year, driven by a sharp jump in data-centre switch sales to internet customers. That is the core reason the stock has been bid up, and it also warned rising chip prices could squeeze margins.

    This is the fundamental earnings driver behind the stock's rise.

  • IPv6 push adds a second demand tailwind Beijing launched a one-year drive to make AI large models fully IPv6-capable, and industry estimates put IPv6-related hardware and upgrade spending above 300 billion yuan through 2030. As an IPv6 equipment supplier, Star-Net Ruijie stands to win orders, and leveraged funds have already been buying the stock.

    A new policy-driven demand source that supports future revenue.

  • Buys 46% of Guangzhou Xinde for 396 million yuan Star-Net Ruijie will pay 396 million yuan cash to lift its stake in optical-access maker Guangzhou Xinde to 67%, making it a subsidiary. Xinde earned 66 million yuan in 2025 and promises at least 75 million in 2026, so the deal should add to group profit and fits the optical business.

    A concrete capital move that adds earnings and strategic fit.

  • Interim profit up 76%, but cash flow turns sharply negative First-half revenue rose 20.7% to 10.7 billion yuan and net profit jumped 75.9% to 373 million yuan, a fifth straight year of growth. However, operating cash flow was negative 3.57 billion yuan, far worse than a year earlier, a real counterweight investors should watch.

    Confirms strong earnings but flags a genuine cash-flow risk.

Latest
▲3

Star-Net Ruijie rides AI data-centre switch boom to profit surge

  • H1 profit guidance up 46-103% on data-centre switches The company told the market first-half 2026 net profit should rise 46-103% year on year, driven by a sharp jump in data-centre switch sales to internet customers. That is the core reason the stock has been bid up, and it also warned rising chip prices could squeeze margins.

    This is the fundamental earnings driver behind the stock's rise.

  • IPv6 push adds a second demand tailwind Beijing launched a one-year drive to make AI large models fully IPv6-capable, and industry estimates put IPv6-related hardware and upgrade spending above 300 billion yuan through 2030. As an IPv6 equipment supplier, Star-Net Ruijie stands to win orders, and leveraged funds have already been buying the stock.

    A new policy-driven demand source that supports future revenue.

  • Buys 46% of Guangzhou Xinde for 396 million yuan Star-Net Ruijie will pay 396 million yuan cash to lift its stake in optical-access maker Guangzhou Xinde to 67%, making it a subsidiary. Xinde earned 66 million yuan in 2025 and promises at least 75 million in 2026, so the deal should add to group profit and fits the optical business.

    A concrete capital move that adds earnings and strategic fit.

  • Interim profit up 76%, but cash flow turns sharply negative First-half revenue rose 20.7% to 10.7 billion yuan and net profit jumped 75.9% to 373 million yuan, a fifth straight year of growth. However, operating cash flow was negative 3.57 billion yuan, far worse than a year earlier, a real counterweight investors should watch.

    Confirms strong earnings but flags a genuine cash-flow risk.

ZTE Corp (000063.CS)

Q3 2026
▲2▼2

ZTE's AI Push Accelerates Despite US Ban and Phone Delay

  • US Rip and Replace Funding The US FCC raised $3.5 billion to fund removing ZTE gear from US networks, with 42% of replacements done. This shrinks ZTE's US market and adds regulatory pressure, weighing on the stock.

    This is a new regulatory action that directly reduces ZTE's US revenue and increases uncertainty.

  • Doubao AI Phone Delay ZTE's jointly developed Doubao AI phone is delayed, letting rival StepFun launch the first AI agent phone. This costs ZTE a first-mover advantage in the fast-growing AI phone market, hurting its competitive position.

    This is a new competitive setback that could slow ZTE's entry into the AI phone market.

  • Nvidia H200 Chip Access Nvidia began shipping H200 AI chips to China, and a ZTE unit reportedly got approval to buy them. This gives ZTE access to top AI hardware, boosting its ability to build AI products and services.

    This is a new positive development that improves ZTE's access to critical AI technology.

  • Agentic AI Phone and AI Infrastructure Wins ZTE unveiled the world's first agentic AI smartphone, NaviX Ultra, and helped build a domestic TPU computing cluster and an all-optical interconnect chip for AI GPU networks. These innovations position ZTE at the forefront of AI hardware and infrastructure, driving growth prospects.

    These are new product and technology achievements that show ZTE's progress in AI, a key growth driver.

July 2026
▲2▼2

ZTE's AI Push Accelerates Despite US Ban and Phone Delay

  • US Rip and Replace Funding The US FCC raised $3.5 billion to fund removing ZTE gear from US networks, with 42% of replacements done. This shrinks ZTE's US market and adds regulatory pressure, weighing on the stock.

    This is a new regulatory action that directly reduces ZTE's US revenue and increases uncertainty.

  • Doubao AI Phone Delay ZTE's jointly developed Doubao AI phone is delayed, letting rival StepFun launch the first AI agent phone. This costs ZTE a first-mover advantage in the fast-growing AI phone market, hurting its competitive position.

    This is a new competitive setback that could slow ZTE's entry into the AI phone market.

  • Nvidia H200 Chip Access Nvidia began shipping H200 AI chips to China, and a ZTE unit reportedly got approval to buy them. This gives ZTE access to top AI hardware, boosting its ability to build AI products and services.

    This is a new positive development that improves ZTE's access to critical AI technology.

  • Agentic AI Phone and AI Infrastructure Wins ZTE unveiled the world's first agentic AI smartphone, NaviX Ultra, and helped build a domestic TPU computing cluster and an all-optical interconnect chip for AI GPU networks. These innovations position ZTE at the forefront of AI hardware and infrastructure, driving growth prospects.

    These are new product and technology achievements that show ZTE's progress in AI, a key growth driver.

Latest
▲2▼2

ZTE's AI Push Accelerates Despite US Ban and Phone Delay

  • US Rip and Replace Funding The US FCC raised $3.5 billion to fund removing ZTE gear from US networks, with 42% of replacements done. This shrinks ZTE's US market and adds regulatory pressure, weighing on the stock.

    This is a new regulatory action that directly reduces ZTE's US revenue and increases uncertainty.

  • Doubao AI Phone Delay ZTE's jointly developed Doubao AI phone is delayed, letting rival StepFun launch the first AI agent phone. This costs ZTE a first-mover advantage in the fast-growing AI phone market, hurting its competitive position.

    This is a new competitive setback that could slow ZTE's entry into the AI phone market.

  • Nvidia H200 Chip Access Nvidia began shipping H200 AI chips to China, and a ZTE unit reportedly got approval to buy them. This gives ZTE access to top AI hardware, boosting its ability to build AI products and services.

    This is a new positive development that improves ZTE's access to critical AI technology.

  • Agentic AI Phone and AI Infrastructure Wins ZTE unveiled the world's first agentic AI smartphone, NaviX Ultra, and helped build a domestic TPU computing cluster and an all-optical interconnect chip for AI GPU networks. These innovations position ZTE at the forefront of AI hardware and infrastructure, driving growth prospects.

    These are new product and technology achievements that show ZTE's progress in AI, a key growth driver.

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