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所属行业:通信系统设备行业投资逻辑2012年12月21日,星网锐捷公告,星网锐捷骨干员工持股公司锐捷投资对锐捷网络增资7972万元,持股比例为19.86%。锐捷投资增资解决了子公司的激励问题,解决了公司在激烈的IP设备领域的留人、用人问题,有助于公司的长远发展.锐捷网络收入占比高、业务毛利高,业绩弹性大。锐捷网络是公司的传统支柱,毛利率58%左右。锐捷网络近年来人力扩张基本结束,管理费用刚性上升趋势趋于稳定,该业务的高毛利意味着收入增长转化为利润的高弹性。
In December 21, 2012, Star Network Ruijie announcement, Star network Ruijie backbone employee-owned company Ruijie capital increase of 79.72 million yuan on Ruijie Networks, the shareholding ratio of 19.86%. Ruijie Investment Increases Capital Outsourcing to Solve Subsidiary Incentives and Solves Company’s Incident and Employment Problems in the Field of Fierce IP Equipment, Helping the Company’s Long-term Development Ruijie Networks Has High Revenue, High Business Margin and Performance Flexibility Big. Ruijie Networks is the company’s traditional pillar, gross profit margin of about 58%. In recent years, Ruijie Networks has basically ended its manpower expansion and its rigid upward trend in management fees has stabilized. The high gross margin of this business means that revenue growth is transformed into a highly flexible profit.