Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.9 per 10 shares to all shareholders, with the total amount depending on the actual number of shares registered on the dividend distribution date[3]. - The company proposed a cash dividend of RMB 1.9 per 10 shares for the 2019 fiscal year, totaling RMB 77,712,496.60, which represents 10.24% of the net profit attributable to ordinary shareholders[99][100][102]. - The total cash dividend distributed in 2018 was RMB 60,468,480, which accounted for 10.02% of the net profit attributable to ordinary shareholders[100][102]. - The company did not issue any bonus shares or conduct capital reserve transfers during the reporting period[99][101]. - The cash dividend policy is consistent with the company's articles of association and shareholder resolutions, ensuring transparency and compliance[96][97]. - The company has maintained a stable dividend distribution policy, with a minimum cash dividend ratio of 20% for profit distribution during significant capital expenditure phases[99]. - The total distributable profit for the year was RMB 1,541,703,003.67, with the cash dividend amount fully utilizing the distributable profit[100][102]. - The company has not made any adjustments to its cash dividend policy during the reporting period[97]. - The company’s cash dividend distribution plan aligns with the three-year shareholder return plan established in 2018[96]. - The company’s independent directors fulfilled their responsibilities in the decision-making process for profit distribution[97]. Financial Performance - The company's operating revenue for 2019 was ¥4,589,898,922.96, representing a 42.35% increase compared to ¥3,224,450,529.19 in 2018[12]. - The net profit attributable to shareholders for 2019 was ¥758,899,876.93, which is a 25.80% increase from ¥603,275,680.00 in 2018[12]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥681,251,709.62, up 23.49% from ¥551,683,129.64 in 2018[12]. - The net cash flow from operating activities for 2019 was ¥1,144,970,801.04, an increase of 21.39% compared to ¥943,239,025.04 in 2018[12]. - The total assets at the end of 2019 were ¥6,772,436,588.87, reflecting a 31.95% increase from ¥5,132,398,231.08 at the end of 2018[12]. - The net assets attributable to shareholders at the end of 2019 were ¥4,320,972,713.71, which is a 25.70% increase from ¥3,437,415,245.86 at the end of 2018[12]. - The basic earnings per share for 2019 were ¥1.90, up 22.58% from ¥1.55 in 2018[12]. - The diluted earnings per share for 2019 were ¥1.89, representing a 21.94% increase from ¥1.55 in 2018[12]. - The company achieved a total revenue of RMB 4,589,898,922.96, representing a year-on-year increase of 42.35%[33]. - Net profit attributable to shareholders reached RMB 758,899,876.93, up 25.80% compared to the previous year[33]. Research and Development - The company has been investing in R&D to innovate and update existing products while developing new products and services, including next-generation firewalls and cloud security solutions[22]. - Research and development investment increased by 46.45%, exceeding the revenue growth rate[33]. - The company has applied for nearly 1,500 patents and received approximately 400 patent authorizations as of March 31, 2020[32]. - The number of R&D personnel increased to 2,247, representing 36.80% of the total workforce, compared to 1,664 personnel in 2018[55]. - The company plans to enhance R&D investment and attract talent to strengthen its capabilities in security detection, big data analysis, artificial intelligence, and core algorithms[88]. - R&D investment is expected to increase significantly in 2020, with a focus on improving product experience and developing new products in AI, big data, and cloud computing[90]. Market Expansion and Strategy - The company focuses on enterprise-level IT, providing information security, cloud computing, basic networking, and IoT solutions to various sectors including government, healthcare, finance, and telecommunications[21]. - The company is focusing on international market expansion, particularly in Southeast Asia, the Middle East, and Europe, to create new market opportunities[28]. - The company has established a certain level of brand influence in the Southeast Asian IT market and plans to continue expanding internationally, particularly in Southeast Asia, the Middle East, and Europe[93]. - The company aims to adjust its sales model from "product-oriented" to "demand-oriented" to better serve government, education, healthcare, finance, and large enterprises[88]. - The company plans to continue expanding its market presence and is exploring new product development strategies[132]. Risk Management - The company faces growth risks, including uncertainties from the COVID-19 pandemic, increased R&D investments not leading to expected revenue growth, and intensified industry competition[3]. - The company emphasizes the importance of understanding the risks associated with forward-looking statements regarding future plans and performance forecasts[2]. - The company is actively addressing potential risks related to talent retention and management capabilities in line with its business expansion[3]. - The company recognizes the risk of losing key personnel and is implementing measures to retain talent, including employee stock incentive plans[93]. - The company is aware of the operational uncertainties posed by the COVID-19 pandemic and is adjusting strategies to mitigate negative impacts[91]. - The company is facing risks related to intensified industry competition, which may compress growth space and lead to a decline in gross margins[92]. Financial Management - The company has engaged in cash management through various financial instruments, including securities, bank deposits, and trusts[172]. - The company has utilized part of its idle funds for cash management, as detailed in announcements published on August 23, 2019, and October 25, 2019[171]. - The company has reported a total of 0 million RMB in impairment provisions for the year[133]. - The company has confirmed compliance with legal procedures in its financial management activities, ensuring transparency and accountability[189]. - The company has plans for future expansion in financial services, aiming to leverage its existing resources for growth[188]. - The company has reported a total of 0 in impairment provisions for its financial management activities[137]. - The company has reported a total of 2,880 million from idle self-owned funds for cash management in 2019[198]. - The company has utilized 2,600 million in idle self-owned funds for cash management, focusing on money market instruments, bonds, and trusts[196]. Internal Control and Audit - The company has not reported any significant internal control deficiencies or received a non-standard audit opinion for the fiscal year[2]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and senior management[2]. - The audit firm PwC Zhongtian has been appointed for the 2019 annual audit, with a fee of 1.55 million yuan, following the termination of the previous auditor due to scheduling conflicts[116]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[112]. - There were no significant litigation or arbitration matters reported during the period[119]. - The company has not faced any penalties or rectification issues during the reporting period[119]. Shareholder Commitments - The company committed to maintaining stock price stability for three years post-IPO, with measures including potential share buybacks if the stock price falls below the audited net asset value per share[106]. - Major shareholders pledged to hold their shares long-term and comply with regulations regarding any future reductions in their holdings[104]. - The company will adjust the share price in case of dividends, stock splits, or other capital adjustments, ensuring fair treatment for shareholders[104]. - The company’s major shareholders have committed to not transferring shares for two years after the lock-up period, ensuring long-term investment stability[105]. - The company’s major shareholders have agreed to a lock-up period that extends for 18 months if they resign within six months of the IPO[104]. Corporate Governance - The company’s independent directors approved all significant proposals related to the incentive plans, ensuring compliance and protection of shareholder interests[120]. - The company has included 14 subsidiaries in its consolidated financial statements as of December 31, 2019, due to its control over Qianhai Amber Anyun Venture Capital Partnership[115]. - The company has adhered to all commitments made in the incentive plans without any violations[110]. - The company has established a mechanism to compensate investors for losses incurred due to unfulfilled commitments disclosed in the prospectus[108].

Financial Performance - Operating revenue for the quarter was CNY 1,232,919,644.37, representing a 39.42% increase compared to the same period last year[4] - Net profit attributable to shareholders was CNY 245,877,157.86, up 30.82% year-over-year[4] - Basic earnings per share increased by 29.79% to CNY 0.61[4] - The company reported a net cash flow from operating activities of CNY 316,353,213.27, a 23.20% increase compared to the same period last year[4] - Total operating revenue for Q3 2019 was CNY 1,232,919,644.37, an increase of 39.4% compared to CNY 884,317,663.87 in the same period last year[30] - Net profit for Q3 2019 reached CNY 245,877,157.86, representing a 30.8% increase from CNY 187,948,549.84 in Q3 2018[31] - The company reported a significant increase in investment income to ¥21,708,315.87, compared to ¥9,709,582.49 in the previous period[13] - The company reported a total profit of ¥210,351,966.54, compared to ¥174,862,679.49 in the previous period, which is an increase of about 20.3%[36] Assets and Liabilities - Total assets reached CNY 5,490,500,424.11, an increase of 6.98% compared to the end of the previous year[4] - Total current assets decreased from CNY 3,044,749,377.56 to CNY 1,926,690,730.03, a decline of approximately 36.8%[20] - Total non-current assets increased from CNY 2,087,648,853.52 to CNY 3,563,809,694.08, a growth of approximately 71.0%[20] - Total liabilities increased from CNY 1,694,982,985.22 to CNY 1,735,467,588.93, a rise of approximately 2.4%[22] - The total assets as of Q3 2019 were CNY 5,199,402,838.52, compared to CNY 4,863,558,738.10 in the previous year[29] - Total liabilities reached CNY 1,694,982,985.22, with current liabilities totaling CNY 1,509,692,911.57[53] Shareholder Information - The total number of shareholders at the end of the reporting period was 7,754[7] - The top shareholder, He Zhaoxi, holds 20.90% of the shares, amounting to 84,240,000 shares[7] - The top ten shareholders include DIAMOND BRIGHT INTERNATIONAL LIMITED with 66,756,105 shares, representing a significant portion of the company's equity[8] Cash Flow - The company’s cash flow from operating activities increased by 36.43% to ¥3,204,508,232.40, compared to ¥2,348,875,991.94 in the previous period[14] - The total cash inflow from operating activities was CNY 3,539,775,940.17, compared to CNY 2,612,951,059.60 in the same period last year[44] - The company reported a financial income of CNY 82,813,899.78, which increased from CNY 41,619,138.89 in the previous year[42] Expenses - Operating costs for the same period were CNY 1,054,120,506.38, up 35.3% from CNY 778,218,944.46 year-over-year[30] - Research and development expenses increased by 47.00% to ¥784,372,553.56, up from ¥533,600,610.59, primarily due to an increase in personnel and stock incentive costs[13] - Sales expenses rose by 33.68% to ¥1,088,820,722.45, up from ¥814,522,164.06, driven by an increase in personnel and marketing expenses[13] - The company reported a significant increase in long-term equity investments from CNY 227,679,131.55 to CNY 268,435,101.20, a growth of approximately 17.9%[20] Tax and Other Income - The company reported a significant increase in income tax expenses, rising 1155.00% to ¥6,933,377.38, compared to ¥552,462.33 in the previous period[13] - The company achieved other income of ¥55,578,801.72, down from ¥65,482,476.37, indicating a decrease of about 15.0%[35] Adjustments and Reclassifications - The company adjusted its accounts receivable impairment provision from "incurred loss method" to "expected credit loss method" as per new financial instrument standards[54] - The company has made adjustments to its financial asset classification in accordance with new financial instrument standards, which may affect future financial performance[58]

Financial Performance - Sangfor Technologies reported a revenue increase of 20% year-over-year for the first half of 2019, reaching RMB 500 million[2]. - The company’s net profit for the same period was RMB 100 million, representing a growth of 15% compared to the previous year[2]. - Total revenue for the reporting period reached ¥1,558,592,122.71, representing a 32.27% increase compared to ¥1,178,347,355.61 in the same period last year[13]. - Net profit attributable to shareholders was ¥66,849,533.91, a decrease of 46.46% from ¥124,855,635.34 year-on-year[13]. - The company achieved operating revenue of RMB 1,558.59 million, a year-on-year increase of 32.27%[29]. - Net profit attributable to shareholders decreased by 46.46% to RMB 66.85 million, while net profit after deducting non-recurring gains and losses fell by 83.89% to RMB 15.60 million[29]. - The company reported a total revenue of 5,000 million for the period ending June 2019, with an annualized return rate of 5.10%[103]. - The company reported a total revenue of 1,600 million for the first half of 2019, with a year-on-year growth of 20%[87]. - The company reported a total revenue of 2,400 million for the first half of 2019, with a year-on-year growth of 15%[97]. - The company reported a total revenue of 3,700 million for the first half of 2019, reflecting a significant increase compared to the previous period[79]. User Growth - User data showed an increase in active users by 30%, totaling 1.5 million users by June 30, 2019[2]. - The user base has expanded, with a notable increase in active users contributing to the overall growth in revenue[80]. - User data indicated a growth in active users, with a 15% increase compared to the previous year, reaching 2 million active users[96]. - The company reported a significant increase in user data, reflecting a growing customer base and engagement[73]. Research and Development - Sangfor plans to invest 10% of its revenue into R&D to enhance its product offerings and technological advancements[2]. - Research and development expenses increased by 30% year-on-year, totaling 240 million in the first half of 2019[90]. - The company’s R&D investment increased by over 50% year-on-year during the reporting period, with expectations for continued growth in the second half of 2019[110]. - The company is investing 300 million CNY in research and development for new technologies aimed at enhancing product performance[93]. - The company is investing 800 million in research and development for new technologies and product enhancements[99]. Market Expansion - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share by the end of 2020[2]. - The company is focusing on international market expansion, particularly in Southeast Asia, the Middle East, and Europe[24]. - Market expansion efforts include entering three new international markets by Q4 2019, targeting a 10% increase in global market share[92]. - The company is exploring market expansion opportunities, particularly in emerging markets, to increase its market share[81]. Strategic Initiatives - The company has identified potential acquisition targets in the software sector to bolster its service capabilities[2]. - The company is exploring potential mergers and acquisitions to strengthen its technology portfolio, with a budget of 1 billion allocated for this purpose[90]. - Strategic acquisitions are being considered to bolster the company's product offerings and technological capabilities[80]. - The company has completed two strategic acquisitions in the last quarter, which are projected to enhance operational efficiency and increase revenue by 5%[93]. Financial Management - The company has allocated 1,700 million of idle funds for cash management to optimize financial performance[99]. - The company plans to utilize part of its idle self-owned funds for cash management as stated in the announcement published on April 13, 2019[103]. - The company is actively managing its idle funds to optimize returns through various financial instruments[103]. - The company has a clear strategy for utilizing raised funds effectively in financial instruments[64]. - The company is committed to transparency in its financial reporting and future outlook[68]. Risks and Challenges - The company is facing risks related to intensified industry competition and potential talent shortages, which could impact future growth[2]. - The company faces risks from intensified industry competition, which may compress growth space and lead to a decline in gross margins[111]. - The company faces risks related to the loss of key personnel and the inability to attract high-end talent due to intense competition from industry giants and internet companies[112]. - The company is experiencing challenges in management capabilities keeping pace with the rapid expansion of its business, necessitating improvements in strategic planning and organizational management[112]. Shareholder Information - No cash dividends or stock bonuses are planned for shareholders for the current fiscal year[2]. - The company completed the repurchase and cancellation of 9,800 shares of restricted stock from two departing employees as part of its incentive plan[12]. - The company has not distributed cash dividends or bonus shares for the half-year period and does not plan to increase capital through reserves[114]. - The total number of shares before the recent changes was 403,133,000, which decreased to 403,123,200 after the cancellation of 9,800 shares due to the departure of two employees[129]. Financial Position - Total assets at the end of the reporting period were ¥5,221,375,960.66, reflecting a 1.73% increase from ¥5,132,398,231.08 at the end of the previous year[13]. - The company’s total liabilities at the end of the reporting period were CNY 1,845,000,000.00[184]. - The company’s total equity attributable to shareholders reached CNY 3,347,764,029.28 as of June 30, 2019, up from CNY 3,308,310,461.65 at the end of 2018, showing a growth of about 1.2%[160]. - The company reported a net profit margin of 18% for the first half of 2019, up from 15% in the same period last year[91].

Financial Performance - Total revenue for Q1 2019 was ¥641,640,381.26, representing a 21.56% increase compared to ¥527,849,087.85 in the same period last year[3] - Net profit attributable to shareholders was -¥35,073,975.52, a decrease of 171.30% from ¥49,192,625.18 in the previous year[3] - Basic and diluted earnings per share were both -¥0.09, down 164.29% from ¥0.14 in the previous year[3] - The company reported a significant decrease in total comprehensive income for the current period is -36,449,157.70, compared to 46,150,724.26 in the previous period, indicating a substantial decline[47] - The company reported a total profit of -34,451,811.97, down from 50,985,790.32 in the previous period, reflecting a decline of approximately 167.6%[45] Cash Flow - The net cash flow from operating activities was -392,742,797.55, which is an 85.11% decline compared to -212,169,485.27 in the same period last year[3] - Cash flow from operating activities increased to 796,505,240.86, up from 601,276,169.20 in the previous period, showing improved cash generation capabilities[51] - Total cash inflow from operating activities amounted to 834,518,235.97, up from 688,930,088.22 in the previous period, reflecting a growth of approximately 21.1%[52] - Cash outflow from operating activities increased to 1,227,261,033.52 from 901,099,573.49, representing a rise of about 36.2%[52] - The net cash flow from investment activities was 268,470,319.37, compared to 241,850,489.28 in the previous period, showing a growth of about 11%[54] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,768,349,914.59, a decrease of 7.09% from ¥5,132,398,231.08 at the end of the previous year[3] - The total liabilities decreased to CNY 1,347,152,898.63 from CNY 1,694,982,985.22, reflecting a reduction of 20.5%[37] - The company's total assets as of March 31, 2019, were ¥4,568,896,337.47, a decrease from ¥4,863,558,738.10 at the end of 2018[41] - The total equity of the company as of March 31, 2019, was ¥3,306,643,245.88, slightly down from ¥3,308,310,461.65[43] - The total current assets decreased slightly from ¥2,608,224,869.65 to ¥2,605,733,495.44, a reduction of ¥2,491,374.21[65] Shareholder Information - The total number of shareholders at the end of the reporting period was 9,590[8] - The largest shareholder, He Zhaoxi, holds 20.90% of the shares, amounting to 84,240,000 shares[8] - The total number of restricted shares remained unchanged at 363,123,000 shares, with no shares released from restriction during the reporting period[12] Operating Expenses - Operating costs rose by 37.31% to CNY 192,723,408.86 from CNY 140,359,194.80, driven by stable growth in operating revenue and a higher proportion of lower-margin cloud computing business[16] - Sales expenses increased by 37.14% to CNY 340,475,664.30 from CNY 248,270,742.29, primarily due to an increase in the number and compensation of marketing personnel[16] - Management expenses rose by 35.22% to CNY 33,518,592.90 from CNY 24,788,646.08, mainly due to an increase in the number and compensation of management personnel[16] Research and Development - R&D expenses increased by 57.20% to ¥240,304,954.30 due to an increase in the number of R&D personnel and their compensation[17] - Research and development expenses have risen to 210,956,886.10, up 69.9% from 124,085,690.28 in the previous period, indicating a strong focus on innovation[49] - The company aims to enhance its product competitiveness and customer satisfaction through effective R&D investment and channel strategies[22] Market and Strategic Plans - The company plans to increase investment in industry markets to enhance revenue sources and improve risk resistance capabilities[21] - The company has established a certain influence in the Southeast Asian IT industry and plans to continue investing in international markets, focusing on information security and cloud computing solutions[22] - The company plans to penetrate emerging markets in the Middle East, Africa, and South Korea while continuing to explore high-end international markets like Europe[22] Risks and Challenges - The company anticipates a significant risk of loss in the first half of 2019 if revenue does not grow rapidly in Q2, due to increased personnel costs[31] - The company faces risks related to the loss of key personnel and the inability to attract high-end talent due to intense competition in the industry[23] - The company is experiencing challenges in management capabilities keeping pace with business expansion, necessitating improvements in strategic planning and organizational management[24] Financial Adjustments - The company adjusted its accounts receivable impairment provision from "incurred loss method" to "expected credit loss method" as per new financial instrument standards[63] - The company reclassified certain structured deposits and financial products under new financial instrument standards[68]

Financial Performance - The company reported a profit distribution plan to distribute a cash dividend of RMB 1.50 per 10 shares (including tax) to all shareholders, based on a total share capital not exceeding 403,133,000 shares[2]. - The company's operating revenue for 2018 was ¥3,224,450,529.19, representing a 30.41% increase compared to ¥2,472,474,537.36 in 2017[15]. - The net profit attributable to shareholders for 2018 was ¥603,275,680.00, a 5.19% increase from ¥573,519,304.75 in 2017[15]. - The net cash flow from operating activities for 2018 was ¥943,239,025.04, up 23.23% from ¥765,428,541.12 in 2017[15]. - The total assets at the end of 2018 were ¥5,132,398,231.08, a 76.30% increase from ¥2,911,144,598.05 at the end of 2017[15]. - The net assets attributable to shareholders at the end of 2018 were ¥3,437,415,245.86, a 97.49% increase from ¥1,740,537,402.50 at the end of 2017[15]. - The basic earnings per share for 2018 was ¥1.55, a decrease of 2.52% compared to ¥1.59 in 2017[15]. - The diluted earnings per share for 2018 was also ¥1.55, reflecting the same decrease of 2.52% from ¥1.59 in 2017[15]. - The weighted average return on equity for 2018 was 22.37%, down 17.07% from 39.44% in 2017[15]. - The company achieved a total revenue of ¥3,224,450,529.19, with a net profit attributable to shareholders of ¥603,275,680.00, representing increases of 30.41% and 5.19% respectively compared to the previous year[33]. Risk Factors - The company faces risks including intensified industry competition, increased R&D investment without corresponding revenue growth, and potential loss of key personnel[3]. - The company has outlined potential risks in its future development outlook, including macroeconomic and policy-related risks[3]. - The company recognizes the potential risks from macroeconomic conditions and changes in industry policies that could impact profitability[81]. - The company faces risks from increased competition in the information security and cloud computing sectors, which may compress growth opportunities and affect profit margins[82]. Research and Development - The company emphasizes continuous innovation and R&D investment, closely following global IT trends and user needs to update existing products and solutions[23]. - The company increased its R&D investment by 58.78%, exceeding the growth rate of total revenue, reflecting a strong commitment to innovation[33]. - Research and development expenses reached ¥779,026,957.72, which is an increase of 58.98% compared to the previous year, and accounted for 24.16% of total revenue[56]. - The number of R&D personnel increased to 1,664, representing 36.56% of the total workforce[54]. - The company invests approximately 20% of its annual revenue in research and development to enhance existing products and develop new solutions[187]. Market Expansion - The company is focused on expanding its market presence and enhancing its management capabilities to keep pace with business growth[3]. - The company plans to enhance its international market presence, focusing on Southeast Asia, the Middle East, and Europe to create new growth opportunities[28]. - The company aims to expand its market presence in Southeast Asia and the Middle East as part of the Belt and Road Initiative[191]. - The company plans to continue expanding its market presence and is focusing on new product development and technological advancements to drive future growth[166]. Corporate Governance and Compliance - The company is committed to maintaining the accuracy and completeness of its financial reports, with no significant audit issues reported[2]. - The company has implemented an employee stock incentive plan to retain key talent and improve employee benefits[83]. - The commitments made by major shareholders regarding shareholding and reduction intentions have been strictly adhered to without any violations[92]. - The company has engaged Ruihua Certified Public Accountants for auditing services, with a fee of 900,000 RMB for the year[123]. - The company has not faced any penalties or rectification issues during the reporting period[125]. Cash Management and Financial Strategy - The company has raised a total of ¥1,203,100,700.00 through its IPO, with a net amount of ¥1,155,210,610.28 after expenses[67]. - The company is actively managing its cash reserves through structured deposits to optimize returns[140]. - The structured deposits are part of the cash management strategy for idle raised funds[140]. - The company has reported zero losses and zero impairments on these financial products, reflecting effective risk management[151]. - The company is committed to managing idle self-owned funds effectively, as indicated in their announcements[162]. Employee Development - The company focuses on employee development through a comprehensive compensation and training system, fostering a culture of shared growth[189]. - A new "Employee Training and Development Center" has been established to enhance employee skills and capabilities[84]. - The company plans to continue recruiting high-end talent to strengthen its workforce amid intense competition[84]. Product Development and Innovation - The company has established a comprehensive cloud computing business layout since 2012, offering various products and solutions including desktop cloud, hyper-convergence, private cloud, and hybrid cloud[24]. - The company launched several new products, including EDR and SD-WAN solutions, enhancing its offerings in information security and cloud computing[53]. - The company aims to enhance its information security capabilities by developing new products such as hybrid cloud and security-visible switches[78]. Shareholder Returns - The cash dividend accounted for 100% of the total profit distribution amount[89]. - The cash dividend amount for 2018 was ¥60,469,950, representing 10.02% of the net profit attributable to ordinary shareholders[90]. - The company distributed a cash dividend of RMB 1.50 per 10 shares, totaling RMB 60,469,950.00 for the year[88].

证券代码：300454 证券简称：深信服 公告编号：2018-043 深信服科技股份有限公司 2018 年第三季度报告 深信服科技股份有限公司 2018 年第三季度报告 1 深信服科技股份有限公司 2018 年第三季度报告 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假记载、误导性陈述 或者重大遗漏，并承担个别和连带的法律责任。 公司负责人何朝曦、主管会计工作负责人马家俊及会计机构负责人(会计主管人员)陈山声明：保证季度报告中财务报表的 真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 非标准审计意见提示 □ 适用 √ 不适用 2 深信服科技股份有限公司 2018 年第三季度报告 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 4,433,441,380.95 | | 2,911,144,598.05 | 52.29% ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of 4,001 million RMB in the first half of 2018, marking a growth of 25% compared to the same period last year[12]. - Total revenue for the reporting period reached ¥1,178,347,355.61, an increase of 30.40% compared to ¥903,632,817.16 in the same period last year[17]. - Net profit attributable to shareholders was ¥124,855,635.34, reflecting a 12.90% increase from ¥110,586,601.27 year-over-year[17]. - The company reported a total revenue of 1,200 million in the first half of 2018, representing a year-on-year increase of 20%[67]. - The company reported a total revenue of 1.7 billion in the first half of 2018, reflecting a year-on-year growth of 32%[72]. - The company reported a total revenue of 3,000 million CNY for the first half of 2018, reflecting a significant increase compared to the previous year[75]. - The company reported a significant increase in other income, which reached CNY 134,486,367.01, compared to CNY 75,913,323.17 in the previous year, marking a growth of 77%[171]. - The company’s total comprehensive income for the period was 142,087,732.57 CNY[192]. Research and Development - The company plans to enhance its R&D investment, focusing on new technologies and products to drive future growth, despite the risk of not achieving expected revenue and profit increases[4]. - Research and development investment increased by 46.73%, surpassing the growth rate of total revenue[39]. - The company has committed to invest RMB 60,000 million in network security product R&D, with RMB 10,481.4 million invested by the end of the reporting period, achieving 35.27% of the planned investment[57]. - For cloud computing product R&D, the commitment is RMB 55,521 million, with RMB 10,301 million invested, reaching 38.65% of the planned investment[57]. - The company’s R&D investment increased by over 45% compared to the previous year, exceeding the growth rates of revenue and profit[88]. - The company plans to invest 200 million in research and development for new technologies in the next fiscal year[67]. - The company aims to increase R&D spending by 25% in 2019 to accelerate innovation and product development[75]. Market Expansion and Strategy - The company is committed to expanding its market presence internationally, although investments in international markets have not yet yielded expected returns[4]. - The company is focusing on international market expansion, particularly in Southeast Asia, the Middle East, and Europe[33]. - The company aims to increase its market share in the Asia-Pacific region, targeting a growth rate of 10% in this market segment[64]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2019[68]. - A strategic acquisition of a local cybersecurity firm was completed, enhancing the company's service offerings and expected to generate 150 million in additional revenue[67]. - The company is exploring potential mergers and acquisitions to enhance its market position and expand its product offerings[64]. - The company is actively exploring new technologies and product innovations to drive future growth[79]. Operational Challenges - The company is facing intensified competition in the industry, which may compress its growth space and lead to a decline in gross margins[4]. - There is a risk of losing key personnel and challenges in attracting high-end talent, which could impact the company's operational capabilities[4]. - The company noted a potential impact on short-term revenue due to clients possibly reducing IT investment budgets amid macroeconomic conditions[31]. - The company acknowledges the potential impact of changes in tax policies on its profitability, given the high gross margin nature of the software and information technology services industry[87]. - The company is implementing stricter credit management for downstream distributors to mitigate risks associated with macroeconomic conditions[87]. Financial Management and Compliance - The company has not proposed any cash dividends or stock bonuses for the reporting period, indicating a focus on reinvestment[5]. - The company’s financial report has been verified for accuracy and completeness by its board of directors and senior management[3]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing, which will end on May 16, 2021, and has complied with this commitment without any violations[99]. - The company has established a commitment that during the first 12 months post-lock-up, shareholders will not transfer or entrust the management of their shares, ensuring a stable share structure[102]. - The company has implemented measures to ensure compliance with commitments made in the IPO prospectus, with no violations reported[113]. - The company emphasizes the importance of timely and accurate disclosure of financial information to investors[113]. Shareholder Information - The company completed the registration of its initial public offering (IPO) of 40.01 million shares on May 14, 2018, with the corresponding business registration changes finalized by June 21, 2018[16]. - The company issued a total of 40.01 million new shares, increasing the total share capital from 360 million to 400.01 million shares[139]. - The basic and diluted earnings per share for the reporting period are both CNY 0.34, a decrease of 2.78% compared to CNY 0.35 if calculated before the share increase[142]. - Major shareholders include He Chaoxi (21.06%), Xiong Wu (18.25%), and Diamond Bright International Limited (18.00%) with no changes in control during the reporting period[146][148]. - The company’s major shareholders have expressed a long-term intention to hold their shares, reinforcing confidence in the company's future[103]. Future Outlook - The company provided a positive outlook for the second half of 2018, expecting continued growth driven by new product launches and market expansion strategies[64]. - Financial guidance for the full year 2018 suggests a revenue target of approximately 60 million, representing a year-over-year increase of 5%[64]. - The company provided a future outlook, projecting a revenue growth of 25% for the second half of 2018[67]. - The company provided a future outlook projecting a revenue growth of 15% for the second half of 2018, driven by new product launches and market expansion[68]. - The company provided a future outlook, projecting a revenue growth of 20% for the second half of 2018[72]. - The company provided a future outlook projecting a revenue growth of 15% for the second half of 2018, driven by new product launches and market expansion strategies[75].