杭州顺网科技股份有限公司 2014 年第三季度报告全文 杭州顺网科技股份有限公司 2014 年第三季度报告 2014 年 10 月 1 公司负责人华勇、主管会计工作负责人李德宏及会计机构负责人(会计主管人员)郑巧玲声明：保证季 度报告中财务报告的真实、完整。 2 杭州顺网科技股份有限公司 2014 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 √ 是 □ 否 杭州顺网科技股份有限公司 2014 年第三季度报告全文 第一节 重要提示 本公司董事会、监事会及其董事、监事、高级管理人员保证本报告所载资料不存在任何虚假记载、误 导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 所有董事均已出席了审议本次季报的董事会会议。 | | 本报告期末 | 上年度末 | | 本报告期末比上年 | | --- | --- | --- | --- | --- | | | | | | 度末增减 | | | | 调整前 | 调整后 | 调整后 | | 总资产（元） | 1,224,203,257.63 | 1,260 ...

Financial Performance - Total operating revenue for the first half of 2014 was CNY 224,079,352.01, representing a 57.33% increase compared to CNY 142,429,829.97 in the same period last year[16]. - Net profit attributable to shareholders of the listed company was CNY 37,524,347.68, a decrease of 15.90% from CNY 44,616,437.30 in the previous year[16]. - The net cash flow from operating activities was CNY 53,243,010.82, showing a 42.54% increase from CNY 37,351,797.96 in the same period last year[16]. - The total assets at the end of the reporting period were CNY 1,052,499,959.89, a decrease of 16.48% from CNY 1,260,201,229.12 at the end of the previous year[16]. - The weighted average return on net assets was 4.26%, down from 5.44% in the same period last year, reflecting a decrease of 1.18%[16]. - The company reported a significant increase in internet value-added service revenue to ¥41,793,378.33, with a gross margin of 86.63%[46]. - The user center system revenue reached ¥49,023,457.69, with a year-on-year growth of 99.50% and a gross margin of 53.15%[46]. - The company reported a profit distribution plan for 2013, distributing 3.3 million RMB in cash dividends at a rate of 2.5 RMB per 10 shares, and a capital reserve conversion of 158.4 million shares[79]. - The company reported a net profit for the current period of 31,757,018.93 yuan, reflecting a significant increase compared to the previous period[149]. - The total owner's equity at the end of the current period is 872,326,280.00 yuan, showing a growth from the previous year's total of 808,304,910.29 yuan[151]. Strategic Initiatives - The company plans to deepen its positioning as an internet entertainment platform and enhance its product system to better serve internet users[22]. - The company will focus on developing new vertical markets and services to expand its user base and enhance user value[22]. - The company is actively exploring internet finance by signing a strategic cooperation agreement with Founder Securities to develop "Game Treasure" internet financial products[38]. - The company is increasing investment in new product development, particularly in wireless and mobile internet services, leading to rising personnel and management costs[27]. - The company is focusing on enhancing its core R&D capabilities by attracting high-end technical talent and investing in technology and equipment[26]. - The company is actively transforming its business model to adapt to the evolving internet café industry, which is shifting towards multifunctional community platforms[50]. - The company is investing in research and development, allocating 9 million towards innovative solutions in the tech sector[58]. - The company plans to expand its market presence, targeting new regions to increase its user base and revenue streams[57]. - The company aims to improve operational efficiency, with a target of reducing costs by 35% over the next fiscal year[57]. Market and User Engagement - The number of internet users in China reached 632 million by June 2014, with a net increase of 14.42 million users in the first half of the year[22]. - User data showed a consistent engagement with the platform, with a notable increase in active users by 42% year-over-year[58]. - The mobile gaming market in China grew to ¥12.519 billion in the first half of 2014, reflecting a 41.6% increase compared to the previous half-year[51]. - The "Yunhai" user platform registered nearly 70 million total users, with 24 million new users added in the first half of 2014[34]. Financial Management and Investments - The company has committed to investing raised funds according to the planned projects, ensuring proper allocation[68]. - The total amount of raised funds is CNY 59,493.49 million, with CNY 17,289.03 million invested during the reporting period[67]. - Cumulative investment of raised funds reached CNY 45,630.03 million by the end of the reporting period[68]. - The company has not engaged in any major non-raised fund investments during the reporting period[73]. - The company has not conducted any asset sales or mergers during the reporting period[86][87]. - The company has not utilized any idle raised funds for temporary liquidity supplementation[75]. Corporate Governance and Shareholder Information - The total number of shareholders at the end of the reporting period was 10,386[110]. - Major shareholder Huayong holds 45.20% of the shares, amounting to 71,604,961 shares[110]. - The second-largest shareholder, Shou Jianming, holds 5.00% of the shares, totaling 14,514,843 shares[110]. - The company has not experienced any changes in its controlling shareholder during the reporting period[113]. - The actual controller of the company has remained unchanged during the reporting period[113]. - The total number of unrestricted shares held by the top ten shareholders is 32,818,740 shares[111]. - The company did not engage in any repurchase transactions during the reporting period[111]. Risk Management - The company faces risks from a saturated internet café market, which may impact its main business operations[22]. - The company is facing integration challenges following the acquisition of Shanghai Xin Haoyi and two other companies, which may impact performance in the short term[25]. - The company reported a decrease in general risk reserves, which were not utilized during the current period, maintaining a conservative approach to risk management[149]. Compliance and Reporting - The financial statements are prepared in accordance with the Chinese Accounting Standards, ensuring compliance and accuracy[162]. - The company did not conduct an audit for the half-year financial report[121]. - There were no significant related party transactions during the reporting period[90]. - The company did not report any major changes in project feasibility or significant litigation during the reporting period[84].

Financial Performance - Total revenue for Q1 2014 was CNY 101,414,795.27, representing a 71.52% increase compared to CNY 59,125,486.94 in the same period last year[7] - Net profit attributable to ordinary shareholders decreased by 19.04% to CNY 11,608,032.85 from CNY 14,338,740.27 year-on-year[7] - Basic earnings per share decreased by 18.18% to CNY 0.09 from CNY 0.11 in the same period last year[7] - The net profit for Q1 2014 was CNY 1,160.80 million, showing a year-on-year decrease of 19.04% due to seasonal factors and losses from Shanghai Xin Hao Yi[22] - Total operating revenue for the current period reached ¥101,414,795.27, a significant increase from ¥59,125,486.94 in the previous period, representing a growth of approximately 71.5%[45] - Net profit for the current period was ¥11,608,032.85, compared to ¥14,338,740.27 in the previous period, reflecting a decrease of approximately 18.9%[46] Cash Flow - Net cash flow from operating activities increased by 120.69% to CNY 28,826,915.91 compared to CNY 13,062,467.91 in the previous year[7] - The net cash flow from operating activities was CNY 28,826.9 million, a year-on-year increase of 120.69% driven by the recovery of debts amounting to CNY 39,160 million[21] - The net cash flow from investing activities was CNY -1,383.12 million, a significant increase of 1,795.14% compared to the previous year, primarily due to the payment for equity transfer of CNY 162,511.3 million[21] - The company reported cash and cash equivalents at the end of the period of 509,806,376.32 CNY, down from 678,281,995.05 CNY in the previous period, a decrease of approximately 25%[57] - Cash outflow from operating activities totaled 92,333,904.01 CNY, up from 50,757,258.13 CNY, indicating a significant increase of about 82.2%[56] Expenses and Costs - The operating cost for the reporting period was 27.58 million RMB, a 100.10% increase from 13.78 million RMB in the previous year, driven by the expansion of business scale and increased server leasing and game distribution costs[19] - The sales expenses reached 27.29 million RMB, reflecting a 159.67% increase from 10.51 million RMB in the previous year, attributed to the expansion of sales scale and increased personnel costs[19] - The management expenses were 38.61 million RMB, up 81.53% from 21.27 million RMB in the previous year, due to increased personnel costs in management and R&D departments[19] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,077,171,510.12, a decrease of 14.52% from CNY 1,260,201,229.12 at the end of the previous year[7] - The total liabilities decreased by 61.04% to 104.97 million RMB from 269.44 million RMB, mainly due to the payment of equity transfer fees[18] - Total current assets decreased from CNY 830,195,072.54 to CNY 673,258,429.90, a reduction of approximately 18.9%[42] - Total equity decreased from CNY 877,804,506.04 to CNY 856,412,538.89, a decline of about 2.4%[39] Strategic Initiatives - The company completed acquisitions of three companies: Shanghai Xinhaoyi, Lingkefier, and Paibo, which introduced management and integration risks[10] - The company is focusing on new product development and has invested in wireless smart controllers, mobile applications, and big data analysis platforms[10] - The company plans to continue expanding its market presence and integrating newly acquired entities to enhance revenue streams[17] - The company plans to continue focusing on the internet café market while expanding into personal and family markets, aiming for a transformation into an operational-level internet company[23] Market Risks - The company is facing risks from market competition in the gaming industry, with major competitors like Tencent and NetEase[10] - The company is exploring exclusive agency for two games, which may face operational risks due to team experience and market conditions[11]

Financial Performance - The company's operating revenue for 2013 was CNY 346,929,719.32, representing a year-over-year increase of 26.71% compared to CNY 273,803,119.47 in 2012[17] - Operating profit for 2013 was CNY 104,235,361.22, which is a 4.38% increase from CNY 99,866,205.52 in the previous year[17] - The net profit attributable to shareholders of the listed company was CNY 102,499,593.85, reflecting an 11.24% increase from CNY 92,140,804.00 in 2012[17] - The company achieved a net profit of CNY 102.50 million in the current period, representing an increase of 11.24% compared to the previous period's net profit of CNY 92.14 million[22] - Total revenue for the year reached CNY 346.92 million, reflecting a growth of 26.71% year-on-year[35] - The company reported a net profit margin of 42%, indicating strong operational efficiency[74] - The company reported a net profit of RMB 96,417,845.82 for the year 2013, with a 10% allocation of RMB 9,641,784.58 to statutory surplus reserves[104] Assets and Liabilities - The total assets at the end of 2013 amounted to CNY 1,260,201,229.12, a significant increase of 40.37% from CNY 897,799,532.41 in 2012[17] - The total liabilities increased dramatically to CNY 382,396,723.08, marking a 327.28% rise from CNY 89,494,620.22 in the previous year[17] - The company's asset-liability ratio at the end of 2013 was 30.34%, a significant increase from 9.97% in 2012[18] - The total owner's equity was CNY 877,804,506.04, up from CNY 808,304,912.19, reflecting a growth of about 8.6%[196] - The company's total liabilities reached CNY 382,396,723.08, compared to CNY 89,494,620.22 at the beginning of the year, indicating a significant increase of approximately 327.5%[196] - The total current liabilities were CNY 324,399,101.84, with no other current liabilities reported[200] Cash Flow and Investments - The company's cash flow from operating activities was CNY 143,403,699.26, which is a 41.31% increase compared to CNY 101,483,362.94 in 2012[17] - Operating cash inflow for 2013 was ¥391,025,512.63, a 33.96% increase from ¥291,894,902.65 in 2012[52] - The total cash and cash equivalents increased by ¥20,245,351.82 in 2013, reversing a decline of ¥14,737,333.93 in 2012[52] - The company has committed to investing ¥8,031 million in the network optimization upgrade project, with 76.77% of the investment completed by the end of the reporting period[85] - The company plans to invest significantly in research and development, aiming to allocate 9% of revenue towards innovation[75] User Growth and Market Expansion - The number of users utilizing the "Lianwo" wireless service reached approximately 60,000, with nearly 600 units of the wireless device installed for market testing[35] - The number of terminals for the "Wangwei Master" product increased from 5.5 million to 5.89 million, marking a 7% year-on-year growth despite a slight market contraction[37] - The "Cloud Sea Platform" user base grew significantly, with registered users of the Shunwang Passport totaling 44.77 million and active users of the F1 browser reaching 1.2 million[38] - The company is strategically expanding into international markets, particularly in Southeast Asia, with plans to develop multilingual versions of its products[37] - The company aims to enhance its business model by integrating the resources and products of the newly acquired companies, focusing on the net bar software integration[97] Product Development and Innovation - The company invested ¥71,541,137.50 in R&D in 2013, accounting for 20.62% of total revenue, an increase from 17.52% in 2012[51] - The company has developed a new gaming information service product "Shunwang Entertainment Online," which has achieved an average of 4.5 million page views per day and 2 million unique visitors per day[55] - New product development initiatives are underway, with a focus on enhancing user engagement and expanding service offerings[75] - The company is investing in new product development, particularly in cloud computing and big data analytics, to enhance service capabilities[165] Acquisitions and Market Position - The company completed acquisitions of three firms, enhancing its market share in the internet café industry, with billing and maintenance products exceeding 70% market share[35] - The company successfully acquired three companies, enhancing its market share in the internet café software sector[43] - The company plans to acquire 100% equity of Shanghai Xin Hao Yi Software Co., Ltd., Shanghai Pai Bo Software Co., Ltd., and Shanghai Ling Ke Fei Er Advertising Co., Ltd. for approximately 242 million CNY, utilizing raised funds for this acquisition[87] - The company has a total share capital of 132,000,000 shares, with a proposed capital reserve conversion of 12 shares for every 10 shares held[104][105] Corporate Governance and Compliance - The management emphasized the importance of maintaining a robust cash flow to support ongoing investments and shareholder returns[75] - The company has established a system for managing insider information, with strict controls on the range of informed individuals[110] - The board of directors emphasizes the importance of corporate governance and compliance in all strategic initiatives[168] - The company has maintained compliance with corporate governance standards as per relevant laws and regulations[177] Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of approximately 35%[75] - Future outlook indicates a focus on expanding market presence and enhancing product offerings, with a projected revenue growth of 20% for 2014[165] - The company expects a revenue growth of 10% for the next fiscal year, projecting a total revenue of 1.65 billion RMB[78]