证券代码： 301165 证券简称：锐捷网络 锐捷网络股份有限公司 投资者关系活动记录表 | --- | --- | --- | |--------------|--------------------------------|--------------------------------------| | | □ 特定对象调研 □ | 分析师会议 | | 投资者关系活 | □ 媒体采访 √ | 业绩说明会 | | 动类别 | □ 新闻发布会 □ | | | | □ 现场参观 | | | | □ 其他 | | | | 平安基金管理有限公司 | 嘉实基金管理有限公司 | | | 易方达基金管理有限公司 | 中国国际金融股份有限公司资产管理部 | | | 嘉实基金管理有限公司 | 泓德基金管理有限公司 | | | 兴业基金管理有限公司 | 发展研究中心 | | | 华商基金管理有限公司 | 佛山市东盈投资管理有限公司 | | | 兴合基金管理有限公司 | 海富通基金管理有限公司 | | | 汇丰晋信基金管理有限公司 | 上海胤胜资产管理有限公司 | | | 上投摩根基金管理有限公司 | 中信建投证券股份有限公司 ...

Financial Performance - Revenue for the first half of 2023 reached 5.2 billion yuan, representing a year-on-year growth of 15%[2] - Net profit for the first half of 2023 was 620 million yuan, an increase of 12% compared to the same period last year[2] - Revenue for the reporting period was 4,830,788,163.50 yuan, a year-on-year increase of 6.82%[13] - Net profit attributable to shareholders of the listed company was 139,705,271.09 yuan, a year-on-year decrease of 46.39%[13] - Revenue for the reporting period reached 4,830.7882 million yuan, a year-on-year increase of 6.82%[22] - Net profit attributable to shareholders of the listed company was 139.7053 million yuan, a year-on-year decrease of 46.39%[22] - Revenue for the reporting period increased by 6.82% year-on-year to 4.83 billion yuan[31] - Revenue for the first half of 2023 reached 4,819,288,692.13 RMB, an increase from 4,506,017,768.35 RMB in the same period last year[104] - Operating profit for the first half of 2023 was 203,629,442.97 RMB, compared to 357,661,785.46 RMB in the first half of 2022[105] - Net profit attributable to the parent company's shareholders was 139,705,271.09 RMB, down from 260,590,537.61 RMB in the same period last year[103] - The company's net profit for the first half of 2023 was RMB 260,590,537.61, a decrease of RMB 209,704.90 compared to the adjusted amount[199] - The company's net profit for the parent company in the first half of 2023 was RMB 370,098,688.25, a decrease of RMB 180,447.11[199] R&D and Innovation - The company's R&D investment in the first half of 2023 was 850 million yuan, accounting for 16.3% of total revenue[2] - The company is actively developing AI-driven network solutions, with a planned investment of 200 million yuan in the next fiscal year[5] - R&D personnel account for 56.18% of the total workforce, with 1,351 patents, including 1,292 invention patents[28] - R&D investment in the first half of 2023 reached 945.20 million yuan, accounting for 19.57% of revenue[28] - R&D expenses increased to 800,600,921.80 RMB in the first half of 2023, up from 609,562,048.66 RMB in the first half of 2022[104] - The company launched the AI Fabric intelligent computing center network solution, enhancing communication bandwidth utilization and reducing dynamic latency[23] - The company introduced the Wi-Fi 7 AP, providing higher data transfer rates and lower latency[23] - The company's next-generation firewall product features intelligent outbound security and precise traceability capabilities[23] - The company's cloud desktop solution, Three Engines 2.0, offers high-performance GPU and improved operational efficiency[23] Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, with a focus on Indonesia and Malaysia[5] - The company's market share in the domestic WLAN market increased to 25%, up from 22% in the previous year[5] - The company ranked third in the Chinese Ethernet switch market and second in the enterprise WLAN market in Q1 2023[18] - The company's Wi-Fi 6 product shipments ranked first in the Chinese market in Q1 2023[18] - The company ranked first in the Chinese local computing IDV cloud desktop market in 2022[18] - The company's data center switch ranked second in the Chinese internet industry market in Q1 2023[18] - The company's Ethernet switch ranked first in the education and wholesale/retail industries in Q1 2023[18] - The company's WLAN products ranked first in the education, vocational education, and service industries in Q1 2023[18] - Overseas business sales revenue was 488 million yuan, a year-on-year increase of 16.36%[24] - Market share of data center switches in the Chinese operator industry increased from 17.3% to 24.2% in Q1 2023[24] - The company plans to invest a total of approximately RMB 32.84 million to establish 12 overseas subsidiaries to strengthen cooperation with local channel partners and expand the overseas market[78] - The company has completed the registration process for the capital increase of its Hong Kong subsidiary and the establishment of subsidiaries in Thailand and the UK[78] Financial Position and Cash Flow - Net cash flow from operating activities was -298,600,237.38 yuan, a year-on-year increase of 77.63%[13] - Total assets at the end of the reporting period were 7,257,461,464.25 yuan, a year-on-year decrease of 10.17%[13] - Data center switch sales reached 1,040.218 million yuan with a gross margin of 33.52%[27] - Data center switch production was 15,300 units, with sales of 19,200 units[27] - Gross profit margin for network equipment products increased by 1.04% year-on-year to 42.36%[32] - Overseas revenue grew by 16.36% year-on-year, accounting for 10.10% of total revenue[33] - Direct sales revenue increased by 23.35% year-on-year, with a gross profit margin increase of 9.44%[32] - The company has 20,000 partners and a sales network covering over 70 countries and regions[28] - The company has established 170 domestic service support centers and 31 overseas service outlets[28] - Total revenue for the first half of 2023 reached 4,830,788,163.50 RMB, an increase from 4,522,447,529.46 RMB in the same period last year[101] - Total operating costs for the first half of 2023 were 4,875,320,809.70 RMB, compared to 4,410,414,023.63 RMB in the first half of 2022[101] - Total liabilities as of June 30, 2023, amounted to 3,253,334,388.98 RMB, a decrease from 3,783,883,546.95 RMB at the beginning of the year[99] - Total owner's equity as of June 30, 2023, was 4,004,127,075.27 RMB, down from 4,294,907,229.40 RMB at the start of the year[99] - Accounts receivable increased significantly to 1,727,432,676.71 RMB as of June 30, 2023, compared to 759,807,921.65 RMB at the beginning of the year[99] - Inventory decreased to 2,584,567,331.98 RMB as of June 30, 2023, from 2,962,802,547.29 RMB at the start of the year[100] - Short-term borrowings decreased to 254,578,190.61 RMB as of June 30, 2023, from 580,493,166.66 RMB at the beginning of the year[100] - Total assets as of June 30, 2023, were 7,647,987,467.88 RMB, down from 8,221,118,732.97 RMB at the start of the year[100] - Deferred tax assets increased to 432,008,040.48 RMB as of June 30, 2023, from 350,187,639.01 RMB at the beginning of the year[100] - Total current liabilities as of June 30, 2023, were 2,985,816,643.70 RMB, down from 3,412,575,014.44 RMB at the start of the year[101] - Sales revenue from goods and services received in cash for the first half of 2023 was 4,323,912,838.33 yuan, a decrease from 5,386,531,808.67 yuan in the same period of 2022[107] - Total cash inflow from operating activities for the first half of 2023 was 4,497,710,589.09 yuan, down from 5,573,728,600.58 yuan in the first half of 2022[107] - Cash outflow from operating activities for the first half of 2023 was 4,796,310,826.47 yuan, compared to 6,908,596,440.42 yuan in the same period of 2022[107] - Net cash flow from operating activities for the first half of 2023 was -298,600,237.38 yuan, an improvement from -1,334,867,839.84 yuan in the first half of 2022[107] - Cash received from tax refunds in the first half of 2023 was 128,774,577.86 yuan, down from 141,180,688.95 yuan in the same period of 2022[107] - Cash paid for employee compensation in the first half of 2023 was 2,078,841,429.69 yuan, an increase from 1,632,946,676.53 yuan in the first half of 2022[107] - Net cash flow from investing activities for the first half of 2023 was -108,016,993.31 yuan, compared to -69,062,186.82 yuan in the same period of 2022[108] - Net cash flow from financing activities for the first half of 2023 was -843,998,189.47 yuan, a significant decrease from 1,517,254,158.20 yuan in the first half of 2022[108] - The company's cash and cash equivalents at the end of the first half of 2023 were 1,610,137,266.57 yuan, down from 2,928,037,927.91 yuan at the beginning of the period[108] - Cash received from borrowing in the first half of 2023 was 254,390,690.61 yuan, a sharp decrease from 2,222,850,931.96 yuan in the same period of 2022[108] Risks and Challenges - The company faces innovation risks due to rapid technological updates and uncertain future market demands, which may lead to misalignment between R&D directions and future application scenarios[53] - The company mitigates innovation risks by closely tracking industry trends, predicting technological developments, and adjusting R&D directions to align with market needs[53] - The company faces bidding risks as major clients like China Mobile, China Telecom, and Alibaba use bidding processes, which could impact revenue if the company fails to secure contracts or faces price reductions[53] - To address bidding risks, the company conducts market research, invests in R&D, and implements bidding management and internal control systems to ensure compliance and enhance bidding strategies[53] - The company faces R&D failure risks due to the complexity of integrating multiple disciplines and the uncertainty of new technology development, which could lead to delays or failure in product launches[53] - The company mitigates R&D failure risks by tracking ICT advancements, understanding customer needs, and improving talent acquisition and incentive mechanisms[54] - The company faces risks related to reliance on imported chips, which are critical for network equipment performance, and may face supply shortages due to international trade uncertainties[55] - To reduce chip supply risks, the company focuses on diversified supply chains, procurement planning, and feasibility studies for alternative solutions[55] Shareholder and Equity Information - Employee持股平台持股比例高达43.12%，激励举措增强了骨干员工和团队的积极性[29] - The company's largest shareholder, Fujian Star-net Communication Co., Ltd., holds 255,000,000 shares, accounting for 44.88% of the total shares[85] - The second-largest shareholder, Xiamen Ruijin Dongfang Enterprise Management Consulting Partnership, holds 245,000,000 shares, accounting for 43.12% of the total shares[85] - The company's employee strategic placement plan holds 6,739,400 shares, accounting for 1.19% of the total shares[85] - The company's restricted shares decreased by 3,758,188 shares, with the total restricted shares now at 506,739,400 shares, accounting for 89.19% of the total shares[81] - The company's unrestricted shares increased by 3,758,188 shares, with the total unrestricted shares now at 61,442,418 shares, accounting for 10.81% of the total shares[81] - The company implemented a 2022 annual equity distribution plan, distributing a cash dividend of 8.00 yuan per 10 shares, totaling 454,545,454.40 yuan[62] - The company's total share capital as of December 31, 2022, was 568,181,818 shares[62] - The company's shareholder, Xing Yu, holds 614,500 shares through a margin trading account with CITIC Securities[91] Accounting and Financial Reporting - The company's semi-annual financial report was not audited[96] - The company uses RMB as its functional currency[130] - The company follows the enterprise accounting standards and ensures the financial statements reflect the true and complete financial status, operating results, and cash flows[128] - The company's accounting year runs from January 1 to December 31[128] - The company's operating cycle is 12 months[129] - The company's consolidated financial statements are prepared based on the financial statements of the company and its subsidiaries, with adjustments for internal transactions and equity investments[133] - The company's subsidiaries, including Ruijie Networks (Beijing) Co., Ltd. and Ruijie Networks (Shanghai) Co., Ltd., reported no changes during the reporting period[124][125] - The company adjusted the initial figures of the consolidated balance sheet due to the addition of subsidiaries and businesses under the same control during the reporting period[134] - The company included the income, expenses, and profits of the newly added subsidiaries and businesses from the beginning of the period to the reporting date in the consolidated income statement[134] - The company recognized goodwill for the excess of the merger cost over the fair value of the identifiable net assets acquired in non-same control mergers[134] - The company re-measured the equity of subsidiaries at fair value at the date of control loss and recognized the difference as investment income[134] - The company classified joint arrangements into joint operations and joint ventures, recognizing assets, liabilities, revenues, and expenses accordingly[136] - The company defined cash and cash equivalents as cash on hand and deposits available for payment, excluding restricted bank deposits[137] - The company used the spot exchange rate at the transaction date for foreign currency transactions and adjusted for exchange rate differences at the balance sheet date[138] - The company translated foreign currency financial statements using the spot exchange rate at the balance sheet date for assets and liabilities, and the transaction date for income and expenses[139] - The company included foreign currency translation differences in other comprehensive income and transferred them to current income upon disposal of foreign operations[139] - Financial assets are classified into three categories: amortized cost, fair value through other comprehensive income, and fair value through profit or loss[140] - Financial liabilities are initially classified as fair value through profit or loss or other financial liabilities[141] - The fair value of financial instruments is determined using active market quotes or valuation techniques when no active market exists[142] - Financial asset transfers are categorized as either full or partial transfers, with specific recognition and measurement methods[143] - Partial transfers of financial assets require allocation of the carrying amount based on relative fair values at the transfer date[144] - Financial liabilities are derecognized when the present obligation is discharged, with differences between carrying amount and consideration paid recognized in profit or loss[145] - The company measures loss provisions for financial assets at amortized cost, including receivables, based on expected credit losses, considering forward-looking information and historical credit loss experience[146] - For financial assets with low credit risk, the company assumes no significant increase in credit risk and measures loss provisions based on expected credit losses within the next 12 months[146] - The company classifies financial assets into different stages based on the increase in credit risk and measures loss provisions accordingly: Stage 1 (12-month expected credit loss), Stage 2 (lifetime expected credit loss), and Stage 3 (lifetime expected credit loss for impaired assets)[146] - The company assesses credit risk for financial assets by comparing the probability of default at the reporting date with the probability of default at initial recognition, using changes in default risk over the next 12 months as a reasonable estimate[147] - The company evaluates expected credit losses for financial assets both individually and collectively, grouping assets with similar risk characteristics for collective assessment[147] - The company does not recognize loss provisions for bank acceptance bills due to the high credit rating of the issuing banks, while commercial acceptance bills are treated similarly to accounts receivable for expected credit loss measurement[150] - Accounts receivable without significant financing components are measured for loss provisions based on the lifetime expected credit loss, grouped by customer categories and other common credit risk characteristics[153] - The company estimates expected credit losses for accounts receivable using historical credit loss experience and forward-looking information, adjusting historical default loss rates based on changes in forward-looking estimates[154] - Accounts receivable financing reflects the fair value measurement of notes receivable and accounts receivable at the balance sheet date, with changes included in other comprehensive income[155] - Other receivables are categorized into different groups based on common risk characteristics, with expected credit losses determined using historical data and forward-looking information[156] - Inventory is classified into raw materials, work-in-progress, finished goods, and goods in transit, with cost determined using the weighted average method[158] - Contract assets are recognized when the company has the right to receive consideration for goods transferred to customers, with expected credit losses measured over the entire life of the contract[159] - Contract costs include incremental costs of obtaining a contract and costs to fulfill a contract, which are capitalized if they meet specific criteria[160] - Assets held for sale are measured at the lower of their carrying amount or fair value less costs to sell, with any impairment losses recognized in the current period[162] - Long-term equity investments are assessed for joint control or significant influence based on shared control and unanimous decision-making requirements[163] - The company uses the cost method for long-term equity investments where it can exercise control over the investee, and the equity method for investments with joint control or significant influence[166] - For long-term equity investments obtained through issuing equity securities, the initial investment cost is determined based on the fair value of the equity securities issued[166] - The company measures investment properties using the cost model, recognizing them at actual purchase or construction

锐捷网络股份有限公司 2023 年半年度募集资金存放与使用情况的 专项报告 根据中国证券监督管理委员会《上市公司监管指引第 2 号——上市公司 募集资金管理和使用的监管要求》《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》等监管要求及公司《募集资金管理制度》 的规定，锐捷网络股份有限公司（以下简称"公司"或"锐捷网络"）编制了 2023 年半年度募集资金存放与使用情况的专项报告，具体情况如下： （一）募集资金金额及到账时间 根据中国证券监督管理委员会《关于同意锐捷网络股份有限公司首次公 开发行股票注册的批复》（证监许可[2022]2002 号），公司首次公开发行人民 币普通股（A 股）共计 68,181,818 股，每股发行价格为人民币 32.38 元，本 次发行募集资金总额为人民币 220,772.73 万元；扣除发行费用（不含增值税） 后，募集资金净额为人民币 210,194.54 万元。华兴会计师事务所（特殊普通 合伙）对公司本次公开发行新股的资金到位情况进行了审验，并出具了 "华 兴验字[2022]21003170368 号"《验资报告》。根据《深圳证券交易所上市公司 自律监 ...

| | | 占用方与上 | | 年期初 | 2023 年半年度 | 年半年 | 年半年 | 年半年 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性资 | 资金占用方名称 | 市公司的关 | 上市公司核算 | 2023 占用资金余 | 占用累计发生 | 2023 度占用资金的 | 2023 度偿还累计 | 2023 度期末占用 | 占用形成原 | 占用性质 | | 金占用 | | | 的会计科目 | | 金额（不含利 | | | | 因 | | | | | 联关系 | | 额 | 息） | 利息（如有） | 发生金额 | 资金余额 | | | | 控股股东、实 | | | | | | | | | | | | 际 控 制人及 | | | | | | | | | | | | 其附属企业 | | | | | | | | | | | | 小计 | | | | | | | | | | | | 前控股股东、 | | | | | | | | | | | | 实 际 控制人 | | | | | | | | | | ...

证券代码：301165 证券简称：锐捷网络 公告编号：2023-037 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 锐捷网络股份有限公司（以下简称"公司"）于 2023 年 8 月 13 日以电子邮 件等方式向公司全体董事、监事及高级管理人员发出关于召开第三届董事会第二 十次会议的通知，并于 2023 年 8 月 23 日在公司会议室以现场方式召开。会议由 公司董事长黄奕豪先生召集并主持，应出席董事 8 名，实出席董事 8 名。监事和 高级管理人员列席了会议。本次会议的召集、召开及表决程序符合《公司法》及 《公司章程》的规定。 二、董事会会议审议情况 经审议，本次会议以记名表决方式逐项通过了如下议案： （一）《关于<2023 年半年度报告及其摘要>的议案》 具体内容详见公司同日于巨潮资讯网（http://www.cninfo.com.cn）披露的 《2023 年半年度报告》及《2023 年半年度报告摘要》。 表决结果：全体董事以 8 票同意、0 票反对、0 票弃权通过。 锐捷网络股份有限公司 第三届董事会第二十次会议决议公告 三、备 ...

一、 关于 2023 年半年度募集资金存放与使用情况的专项报告的独立意见 2023 年上半年度，公司募集资金存放和使用情况符合中国证监会、深圳证券 交易所关于上市公司募集资金存放和使用的相关规定，不存在变相改变募集资金 投向和损害股东利益的情形，也不存在其他违规使用募集资金的情形。公司董事 会编制的《关于 2023 年半年度募集资金存放与使用情况的专项报告》真实、准 确、完整地反映了公司 2023 年上半年度募集资金的存放和使用情况。 二、 关于控股股东及其他关联人占用公司资金及对外担保情况的独立意见 锐捷网络股份有限公司 独立董事关于公司第三届董事会第二十次会议 相关事项的独立意见 根据《上市公司独立董事规则》《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》《锐捷网络股份有限公司章程》及《锐捷网 络股份有限公司独立董事工作制度》等法律法规、部门规章及规范性文件的相关 规定，作为锐捷网络股份有限公司（以下简称"公司"）的独立董事，本着审慎的 原则，基于独立判断，对公司第三届董事会第二十次会议相关事项发表如下独立 意见： 1 独立董事：洪 波 独立董事：黄旭明 独立董事：贺颖奇 二○二 ...

证券代码： 301165 证券简称：锐捷网络 | --- | |----------------------------| | | | 投资者关系活动 | | 类别 | | | | | | 参与单位名称及 | | 人员姓名 | | 时间 | | 地点 | | | | | | 上市公司接待人员姓名 | | | | | | | | | | | | | | | | | | 投资者关系活动主要内容介绍 | | | | | | | | | | | | | | | 锐捷网络股份有限公司 2023 年 5 月 15 日投资者关系活动记录表 1 | --- | |----------------------------------------------------------| | 研究补贴条件与公司业务的相关性。谢谢！ | | 3、请问公司二季度交换机销售情况？ | | 答：您好，关于经营业绩相关指标，请您关注公司后续定 | | 期报告相关数据。谢谢！ | | 4、刘总，您好！您可否对公司今年的营业收入做个展望， | | 是否可以保持适度的增长？ | | 答：您好，公司奉行持续健康发展的经营理念，将通过不 | | 断提升 ...

证券代码： 301165 证券简称：锐捷网络 锐捷网络股份有限公司 2023 年 5 月 15 日投资者关系活动记录表 编号：2023-01 | | 分析师会议 □ 特定对象调研 □ | | --- | --- | | 投资者关系活动 | □ 媒体采访 √ 业绩说明会 | | 类别 | □ 新闻发布会 □ 路演活动 | | | 现场参观 □ | | | □ 其他 （请文字说明其他活动内容） | | 参与单位名称及 | 锐捷网络 2022 年度网上业绩说明会暨 2023 年福建辖区上市 | | 人员姓名 | 公司投资者网上集体接待日投资者网上提问 | | 时间 | 年 月 日下午 2023 5 15 16:00-17:30 | | 地点 | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net）采 | | | 用网络远程的方式召开业绩说明会 | | 上市公司接待人 | 1、董事、总经理刘忠东 | | | 2、副总经理、财务负责人刘弘瑜 | | 员姓名 | 3、董事会秘书姚斌 | | | 4、独立董事黄旭明 | | | 5、保荐代表人卢丽俊 | | | 种因素影响，公司目前生产经营一切正常， ...

证券代码：301165 证券简称：锐捷网络 公告编号：2023-025 锐捷网络股份有限公司 关于召开2022年度网上业绩说明会暨参加2023年福建辖区上市公司 投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 为进一步加强与广大投资者的互动交流，锐捷网络股份有限公司（以下简称 "公司"）拟召开 2022 年度网上业绩说明会暨参加由福建证监局、福建省上市公 司协会与深圳市全景网络有限公司联合举办的"2023 年福建辖区上市公司投资 者网上集体接待日活动"。现将相关事项公告如下： 一、活动时间 2023 年 5 月 15 日（星期一）下午 16:00-17:30 二、活动方式 1、召开方式：网络远程 2、参与方式：投资者可登录"全景路演"网站（http://rs.p5w.net），或关注 微信公众号：全景财经，或下载全景路演 APP，参与本次互动交流。 三、公司出席人员 公司董事、总经理刘忠东先生，副总经理、财务负责人刘弘瑜女士，独立董 事黄旭明先生，董事会秘书姚斌先生，保荐代表人卢丽俊女士。 四、投资者问题征集及方式 为了充分尊重 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥2,151,730,891.99, representing a 6.37% increase compared to ¥2,022,915,937.81 in the same period last year[4] - Net profit attributable to shareholders for Q1 2023 was ¥119,387,987.51, up 7.43% from ¥111,246,027.40 in the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥112,637,056.03, a significant increase of 23.33% from ¥91,451,871.43 in the same period last year[4] - The total operating profit for the first quarter was approximately ¥76.00 million, down from ¥117.32 million year-over-year, indicating a decrease of about 35.2%[18] - The total comprehensive income for the first quarter was approximately ¥119.38 million, compared to ¥110.43 million in the same period last year, an increase of about 8.7%[19] Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥462,307,327.78, a 53.96% reduction in losses compared to -¥1,004,139,168.28 in the previous year[4] - The cash flow from operating activities showed a net outflow of approximately ¥462.31 million, compared to a net outflow of ¥1.00 billion in the previous year, reflecting an improvement[20] - The cash and cash equivalents at the end of the period were approximately ¥2.39 billion, down from ¥1.09 billion at the end of the same period last year[21] - The company's cash and cash equivalents decreased to ¥2,403,017,280.40 from ¥2,941,002,004.66, a decline of 18.26%[15] - The net increase in cash and cash equivalents was -538,380,426.02, a decline of 451.83% compared to -97,562,158.79 in the same period last year[9] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥7,184,279,386.59, a decrease of 11.07% from ¥8,050,812,264.56 at the end of the previous year[5] - Total current assets decreased to ¥5,929,857,390.50 from ¥6,883,980,664.37, representing a reduction of 13.83%[15] - Total liabilities decreased to ¥2,761,488,365.42 from ¥3,783,883,546.95, a decrease of 26.94%[16] - The total assets of the company as of March 31, 2023, were ¥7,184,279,386.59, down from ¥8,078,790,776.35, indicating a decline of 11.06%[16] Shareholder Information - Shareholders' equity attributable to the parent company increased to ¥4,422,791,021.17, reflecting a 2.98% rise from ¥4,294,631,591.42 at the end of the previous year[5] - The total number of ordinary shareholders at the end of the reporting period was 18,706, with the largest shareholder, Fujian StarNet Ruijie Communications Co., Ltd., holding 44.88%[11] Expenses and Costs - Total operating costs for Q1 2023 were ¥2,130,386,844.37, up from ¥1,994,670,777.34, reflecting a year-over-year increase of 6.81%[17] - Management expenses increased by 42.48% to 110,031,875.03, primarily due to business expansion and an increase in employee numbers[9] - Research and development expenses increased significantly to ¥437,617,282.12, compared to ¥340,841,085.71 in the previous year, marking a rise of 28.38%[17] - Other income decreased by 38.05% to 59,397,098.17, mainly due to a reduction in VAT refunds received for software products compared to the previous year[9] Impairment and Financial Losses - The company reported a significant increase in credit impairment losses, which rose by 1415.16% to -4,353,557.65, attributed to an increase in accounts receivable[9] - The company incurred a credit impairment loss of approximately ¥4.35 million, compared to a loss of ¥287,333.28 in the previous year[18] - The company's tax expenses showed a dramatic change, with a loss of -42,850,671.38, reflecting a 510.35% increase in deductible losses[9] Financing Activities - The cash flow from financing activities decreased by 97.54% to 23,100,487.26, primarily due to a reduction in short-term bank loans compared to the previous year[9] - The company raised approximately ¥250 million through borrowings during the first quarter, a significant decrease from ¥1.08 billion in the previous year[21] Other Notable Changes - Accounts receivable decreased significantly by 81.51% to ¥5,059,494.20, mainly due to the endorsement and discounting of receivables[8] - Intangible assets increased by 31.05% to ¥17,628,674.62, attributed to the purchase of research and development software[8] - The company experienced a 93.29% decrease in asset disposal gains, which fell to 94,873.12, due to fewer disposals of right-of-use assets compared to the previous year[9] - The company's financial expenses decreased by 32.49% to 4,781,933.73, mainly due to increased interest income from higher bank deposits compared to the previous year[9] - The weighted average return on equity for Q1 2023 was 2.74%, down from 6.86% in the same period last year, indicating a decline of 4.11%[4] - The company is focusing on expanding its market presence and enhancing its product offerings through increased R&D investment[17]