福建星网锐捷通讯股份有限公司 2014 年年度报告全文 证券简称：星网锐捷 证券代码：002396 福建星网锐捷通讯股份有限公司 科技创新 融合运用 2014 年度报告 披露日期：2015 年 3 月 31 日 1 福建星网锐捷通讯股份有限公司 2014 年年度报告全文 第一节 重要提示、目录和释义 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司经本次董事会审议通过的利润分配预案为：以 2014 年 12 月 31 日的公 司总股本 351,060,000 股为基数，向全体股东每 10 股派发现金红利 1.00 元（含 税），送红股 0 股（含税），以资本公积金向全体股东每 10 股转增 5 股。 公司负责人黄奕豪、主管会计工作负责人杨坚平及会计机构负责人(会计主 管人员)李怀宇声明：保证年度报告中财务报告的真实、准确、完整。 公司的经营计划和目标仅为未来计划的前瞻性陈述，不构成公司对投资者 的实质性承诺，能否实现取决于市场状况变化、经营团队的努力程度等多种因 素，存在很大不确定性，请投资者注意投资 ...

Financial Performance - Operating revenue for the reporting period was CNY 978,304,298.07, an increase of 9.95% year-on-year [5]. - Net profit attributable to shareholders was CNY 83,759,175.76, reflecting a growth of 7.66% compared to the same period last year [5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 72,735,270.04, a decrease of 2.85% year-on-year [5]. - Basic earnings per share for the reporting period were CNY 0.2385, up 7.58% from the previous year [5]. - The weighted average return on equity was 3.98%, a slight decrease of 0.03% compared to the previous year [5]. - The estimated net profit attributable to shareholders for 2014 is projected to be between ¥239.18 million and ¥310.93 million, representing a change of 0.00% to 30.00% compared to the previous year [18]. - The company anticipates a year-on-year increase in operating revenue for the reporting period [18]. Cash Flow and Assets - The company reported a net cash flow from operating activities of CNY -145,835,437.47, a significant improvement of 949.13% year-to-date [5]. - Cash and cash equivalents decreased by 50.19% to ¥402,022,382.92, primarily due to increased procurement of raw materials and investments in bank wealth management products [15]. - Other current assets increased by 125.38% to ¥614,300,414.83, as the company invested idle funds in bank principal-protected wealth management [15]. - Accounts receivable decreased by 80.47% to ¥39,047,362.36, attributed to the collection of bank acceptance bills during the reporting period [15]. - Prepayments increased by 156.96% to ¥41,245,980.05, due to advance payments for procurement with goods yet to be received [15]. - Investment income rose significantly by 668.07% to ¥11,281,058.58, reflecting increased returns from bank wealth management products [15]. - The net cash flow from operating activities worsened by 947.75% to -¥145,644,487.47, driven by higher raw material procurement and operating expenses [15]. - Other receivables increased by 96.05% to ¥45,198,094.44, resulting from the expansion of the company's business scale [15]. - The company's financial expenses decreased by 35.99% to -¥8,135,681.18, due to reduced interest income from bank deposits [15]. - The company's total liabilities decreased by 41.93% in tax payables to ¥58,658,496.74, as a result of lower sales in December of the previous year [15]. - The company reported a significant increase in non-current assets, with other non-current assets rising by 3429.40% to ¥21,339,873.29, mainly from the addition of operational equipment assets [15]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,229 [9]. - The largest shareholder, Fujian Electronic Information Group Co., Ltd., held 28.22% of the shares, totaling 99,054,600 shares [9]. - The company did not engage in any repurchase transactions among the top ten shareholders during the reporting period [11]. - The company has committed to a minimum cash dividend distribution of 10% of the distributable profit for the year, barring any significant changes in the operating environment [17]. Accounting and Investments - There were no securities investments or holdings in other listed companies during the reporting period [19]. - The company has adjusted its accounting policy regarding long-term equity investments, resulting in a decrease of ¥32 million in long-term equity investments and a corresponding increase in available-for-sale financial assets [20].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2014, representing a year-on-year increase of 15%[20]. - Net profit attributable to shareholders reached RMB 200 million, up 10% compared to the same period last year[20]. - The gross profit margin improved to 35%, an increase of 2 percentage points from the previous year[20]. - The company achieved operating revenue of ¥1,289,831,372.16, representing a year-on-year increase of 17.84%[30]. - Net profit attributable to shareholders was ¥52,782,078.14, up 16.78% compared to the same period last year[30]. - The net profit after deducting non-recurring gains and losses decreased by 11.40% to ¥34,606,136.72[30]. - The company reported a significant increase in investment activities, with cash flow from investing activities worsening by 305.69% to -¥241,033,291.62[33]. - The company reported a net profit margin decline due to increased operating costs, with net profit not explicitly stated in the provided data[102]. - The net profit for the current period is CNY 227,862,387.90, up from CNY 112,639,490.51 in the previous period, reflecting a growth of approximately 102%[106]. - The total comprehensive income for the current period is CNY 227,862,387.90, compared to CNY 112,639,490.51 in the previous period, indicating a doubling of comprehensive income[106]. Investment and R&D - The company plans to invest RMB 100 million in R&D for new products and technologies in the upcoming year[20]. - Research and development investment increased by 11.96% to ¥222,360,830.97[30]. - The company has a strong focus on R&D, holding multiple core technology patents in areas such as IPv6 and cloud terminals, which contribute to its competitive advantage[36]. - The company is committed to research in cloud computing technology, maintaining a leading position in domestic technical reserves[63]. - The company is actively researching cloud computing technologies, which are expected to have a broad market application as the technology matures[64]. Market Expansion - User data indicates a growth of 20% in active users of the company's services, reaching 5 million users[20]. - The company has expanded its market presence by entering three new provinces, increasing its distribution network by 25%[20]. - Future outlook remains optimistic, with anticipated growth driven by new product launches and market expansion strategies[20]. - The company is focusing on expanding its market presence and enhancing its product offerings in the telecommunications sector[121]. Financial Management - The company will not distribute cash dividends for this period, focusing on reinvestment for growth[20]. - The company plans to distribute dividends annually, with a minimum cash dividend ratio of 10% of the distributable profits for the year[76]. - The company has committed to not engaging in high-risk investments or providing financial assistance to others within twelve months after using part of the excess raised funds for permanent working capital[76]. - The company’s cash and cash equivalents decreased from 1,298,529,312.09 RMB to 454,102,076.18 RMB[95]. - The company’s total equity at the end of the period was 2,214,168,457.81 CNY, reflecting changes in retained earnings and other comprehensive income[117]. Strategic Partnerships and Collaborations - The company has established strategic partnerships with well-known companies such as Microsoft, IBM, Intel, and Huawei, enhancing its product competitiveness[37]. - The company is exploring potential collaborations with other manufacturers to accelerate K米's market penetration[61]. - The company is currently in the technical development phase of its collaboration with Alipay for the KTV market, which is progressing smoothly[62]. Governance and Compliance - The governance structure of the company has been strengthened, ensuring compliance with relevant laws and regulations, and enhancing operational efficiency[67]. - The company’s financial statements for the period ending June 30, 2014, comply with the accounting standards, reflecting a true and complete financial status[128]. Asset Management - The total assets decreased by 16.51% to ¥3,022,907,271.78 compared to the end of the previous year[30]. - The company’s total assets at the end of the reporting period amounted to RMB 1,601,194,000[124]. - The company’s capital reserve was recorded at 792,976,793.21 CNY, reflecting a solid financial position[120]. Customer Engagement and Product Development - The company is focusing on software development alongside its hardware products, with the K米 app designed to integrate with its KTV systems[61]. - K米 is positioned to enhance customer entertainment experiences through online and offline interactions, potentially driving future revenue growth[61]. - The company emphasizes the integration of internet and mobile internet technologies to enhance customer experience and service, exemplified by the "K Mi" application[64]. Risk Management - The company manages derivative financial instruments to hedge against currency and interest rate risks, with gains or losses recognized in the income statement[150]. - The company emphasizes the importance of security in its enterprise-level network application solutions, which may positively impact market demand[63].

Financial Performance - The company's operating revenue for Q1 2014 was ¥506,163,420.36, representing a 22.97% increase compared to ¥411,624,530.42 in the same period last year[8]. - Net profit attributable to shareholders was ¥9,504,468.43, up 37.11% from ¥6,932,211.07 year-on-year[8]. - The net profit after deducting non-recurring gains and losses decreased by 77.01%, amounting to ¥1,565,465.37 compared to ¥6,808,123.12 in the previous year[8]. - The basic earnings per share increased by 37.56% to ¥0.0271 from ¥0.0197 in the same period last year[8]. - The net profit attributable to shareholders for the first half of 2014 is expected to be between 49.72 million and 58.76 million RMB, representing a year-on-year increase of 10% to 30%[22]. - The net profit for the first half of 2013 was 45.20 million RMB, indicating a positive growth trend in profitability[22]. - The anticipated increase in net profit is attributed to a year-on-year growth in operating revenue[22]. Assets and Shareholder Information - The total assets at the end of the reporting period were ¥3,053,057,075.41, a decrease of 15.68% from ¥3,620,777,191.02 at the end of the previous year[8]. - The net assets attributable to shareholders increased slightly by 0.47% to ¥2,018,669,264.64 from ¥2,009,130,433.63 at the end of the previous year[8]. - The total number of shareholders at the end of the reporting period was 17,556[12]. - The largest shareholder, Fujian Electronic Information Group, holds 28.22% of the shares, totaling 99,054,600 shares[12]. Cash Flow and Investments - The company reported a net cash flow from operating activities of -¥311,376,175.79, which is a 6.5% increase in cash outflow compared to -¥292,373,048.46 in the previous year[8]. - Net cash flow from investing activities improved significantly to ¥178,089,478.32 from -¥36,248,397.74, reflecting the maturity of wealth management products[17]. - Net cash flow from financing activities decreased by 1852.66% to -¥130,994,222.60 due to dividends paid by a subsidiary[17]. Operational Metrics - The weighted average return on equity was 0.47%, up from 0.37% in the same period last year[8]. - Accounts receivable decreased by 81.74% to ¥36,507,075.50 due to the maturity of bank acceptance bills[17]. - Prepaid accounts increased by 33.36% to ¥21,406,767.07 as a result of advance payments for procurement[17]. - Operating costs rose by 30.31% to ¥305,054,226.92, corresponding to an increase in operating revenue[17]. - Investment income increased by 265.10% to ¥1,882,655.60 due to higher bank wealth management returns[17]. - Non-operating income grew by 60.32% to ¥59,428,839.33, driven by increased VAT refunds and government subsidies[17]. - Other non-current assets increased by 316.96% to ¥2,521,061.01, attributed to the growth in cooperative operation assets[17]. Dividend and Investment Policy - The company plans to maintain a minimum cash dividend payout ratio of 10% of distributable profits annually[21]. - The company has committed to not engaging in high-risk investments or providing financial assistance to others for 12 months after using excess raised funds[21].

Financial Performance - The company achieved operating revenue of CNY 3,276,162,751.80 in 2013, representing a year-on-year growth of 17.54%[26]. - The net profit attributable to shareholders was CNY 239,177,474.66, an increase of 6.91% compared to the previous year[26]. - The company reported a total profit of CNY 435,849,975.96, reflecting an 18.50% increase year-on-year[37]. - The net cash flow from operating activities was CNY 458,076,795.74, up by 9.39% from the previous year[26]. - The total assets at the end of 2013 were CNY 3,620,777,191.02, a 17.23% increase from the previous year[26]. - The company's overall gross margin improved compared to 2012, indicating enhanced profitability[36]. - The company's total operating revenue for 2013 was ¥3,276,162,751.80, an increase of 17.4% compared to ¥2,787,368,783.33 in 2012[42]. - The operating profit for 2013 was ¥264,081,274.01, up from ¥238,598,183.80 in the previous year, reflecting a growth of 10.67%[42]. - The sales volume of communication equipment reached 1,792,055 units in 2013, representing a year-on-year increase of 23.78% from 1,447,820 units in 2012[42]. - The company's R&D expenditure in 2013 was ¥482,010,037.15, accounting for 14.71% of total operating revenue, compared to 14.36% in 2012[50]. - The company's revenue for the communication equipment manufacturing industry reached ¥3,252,413,595.35, representing a year-on-year increase of 19.44%[56]. - The gross profit margin for enterprise-level network equipment was 60.7%, with a year-on-year increase of 0.8%[56]. Dividend Distribution - The company plans to distribute a cash dividend of 3.00 RMB per 10 shares to all shareholders based on the total share capital as of December 31, 2013[7]. - The cash dividend distribution for 2012 was 2.50 yuan per 10 shares, amounting to 87,765,000.00 yuan (including tax)[99]. - The cash dividends for 2013 represent 44.03% of the net profit attributable to the company's shareholders[100]. - The company has a positive retained earnings balance of 299,211,312.13 yuan after the 2013 dividend distribution[103]. - The company has established a three-year shareholder return plan (2012-2014) to enhance investment returns for shareholders[97]. - The company has committed to a cash dividend distribution of at least 10% of the available profit for distribution each year, barring significant changes in the operating environment[120]. Market Expansion and Innovation - The company is focused on expanding its market presence and developing new products and technologies[2]. - The company successfully penetrated 88% of the domestic municipal market, winning major projects from China Mobile, China Telecom, and other key clients[37]. - The company launched the Newton 18000 series core switch, supporting both cloud data centers and cloud campus networks, marking a significant innovation in enterprise networking[38]. - The company maintained its position as the largest supplier in the fixed-line payment market while launching the "Hui Fu" cloud payment solution[38]. - The company expanded its cloud computing business, achieving rapid growth in both the Americas and Asia markets[38]. - The company is targeting the Internet of Things (IoT) market, focusing on smart transportation, mobile payment, and video surveillance solutions[81]. - The company plans to focus on five strategic industries in 2014 to ensure sustainable and rapid development, leveraging mobile internet technology to enhance product competitiveness[80]. - The company is expanding its payment product line to include commercial POS and multimedia POS, enhancing competitiveness through innovative products[81]. - The company aims to solidify its leading position in the KTV market while expanding into the mobile internet market to enhance brand recognition and user growth[82]. Risk Management - The company acknowledges potential risks including technology and market risks, industry development policy risks, and market expansion risks[15]. - The company’s future development outlook includes addressing various risk factors and implementing corresponding measures[15]. - The company emphasizes that its operational plans and goals are forward-looking statements and are subject to market conditions and other uncertainties[7]. - The company plans to increase R&D investment to address technology risks associated with rapid product updates and diverse user needs[85]. - The company acknowledges intensified competition in niche markets and intends to accelerate R&D and innovation to maintain market positioning[85]. - Rising production costs due to increased labor expenses are a concern, and the company will separate engineering and manufacturing to improve efficiency[85]. - The company faces risks related to talent shortages in a rapidly growing industry and will implement competitive compensation and reward systems to attract and retain skilled personnel[86]. Corporate Governance - The company’s governance structure complies with the requirements of the Company Law and relevant regulations from the China Securities Regulatory Commission[172]. - The independent directors received an annual allowance of 60,000 CNY each[158]. - The company has implemented a performance-based compensation system for its directors and senior management, linked to their individual performance metrics[158]. - The company maintains independence from its controlling shareholder in business operations, assets, and personnel management[185]. - The company has a complete and independent asset structure, with no guarantees provided for shareholders' debts[186]. - The company has established a complete governance structure including the shareholders' meeting, board of directors, and supervisory board, ensuring independent operation without interference from shareholders or other entities[187]. - The internal control system has been established in accordance with relevant laws and regulations, ensuring effective risk management and achievement of development goals[193]. - The board of directors guarantees that there are no false records or misleading statements regarding internal controls, taking responsibility for the accuracy and completeness of the information[194]. - The company has not identified any significant deficiencies in internal controls during the reporting period[196]. Strategic Partnerships and Investments - The company has established strategic partnerships with major firms like Microsoft and IBM, enhancing its market competitiveness[64]. - The company has committed investments totaling CNY 31,989.85 million, with a cumulative investment of CNY 36,045.85 million, achieving an investment progress of 99.9% as of May 31, 2013[71]. - The company has successfully transitioned to a solution provider, enhancing its sustainable profitability and risk resistance[62]. - The company is considering strategic investments based on industry technology trends and customer needs, without blindly following market fads[111]. Employee and Management Information - The company employed a total of 6,272 employees as of December 31, 2013, with technical personnel constituting 49.5% of the workforce[164]. - The proportion of employees with a master's degree or higher was 11.93%, while those with a bachelor's degree accounted for 57.81%[165]. - The age distribution of employees shows that 60.67% are under 30 years old[167]. - The total compensation for directors, supervisors, and senior management during the reporting period amounted to 1,106.92 million CNY[158]. - The total compensation for the chairman was 131.53 million CNY, while the vice chairman received 90.73 million CNY[158]. - The company has a diverse management team with expertise in various fields, enhancing its operational capabilities[147]. Legal and Compliance - The company has not reported any significant accounting errors that require restatement during the reporting period[97]. - There are no significant legal disputes or media controversies reported during the period[114][115]. - The company has not engaged in high-risk investments or securities investments in the past twelve months[122]. - The company has not implemented any stock incentive plans at this time[108].