星网锐捷(002396) - 2024 Q3 - 季度财报

Revenue and Profit - Revenue for the third quarter reached RMB 4.588 billion, a year-on-year increase of 12.38%[2] - Net profit attributable to shareholders of the listed company for the third quarter was RMB 137.619 million, up 31.66% year-on-year[2] - Total operating revenue for the current period is RMB 11,886,684,325.37, an increase from RMB 11,052,317,210.01 in the previous period[15] - Net profit for the current period is RMB 533,273,192.35, up from RMB 513,183,239.76 in the previous period[16] - Net profit attributable to the parent company's shareholders is RMB 262,782,172.40, down from RMB 302,807,614.69 in the previous period[16] - Minority shareholders' net profit is RMB 270,491,019.95, an increase from RMB 210,375,625.07 in the previous period[16] Cash Flow - Operating cash flow for the first three quarters was negative RMB 630.344 million, a decrease of 245.46% year-on-year[2] - Net cash flow from operating activities decreased by 245.46% to -630,344,459.55 RMB, mainly due to reduced cash inflows from sales and increased cash outflows for purchases[6] - Net cash flow from investing activities decreased by 540.09% to -1,627,911,358.47 RMB, driven by increased cash outflows for fixed assets and new large deposits[6] - Net cash flow from financing activities increased by 135.99% to 264,883,384.84 RMB due to increased short-term bank borrowings by subsidiaries[7] - Cash received from sales of goods and services is 12,280,049,453.47 yuan, an increase from 11,165,824,051.37 yuan in the previous period[17] - Cash received from tax refunds is 371,686,218.39 yuan, up from 269,166,774.39 yuan in the previous period[17] - Total cash inflow from operating activities is 12,759,567,013.33 yuan, compared to 11,536,425,709.69 yuan in the previous period[17] - Total cash outflow from operating activities is 13,389,911,472.88 yuan, compared to 11,103,076,077.28 yuan in the previous period[17] - Net cash flow from operating activities is -630,344,459.55 yuan, a decrease from 433,349,632.41 yuan in the previous period[17] - Net cash flow from investing activities is -1,627,911,358.47 yuan, compared to -254,326,758.45 yuan in the previous period[18] - Net cash flow from financing activities is 264,883,384.84 yuan, compared to -736,002,869.47 yuan in the previous period[18] - Net increase in cash and cash equivalents is -1,992,736,117.65 yuan, compared to -689,303,456.83 yuan in the previous period[18] Assets and Liabilities - Total assets as of the end of the third quarter were RMB 16.145 billion, an increase of 4.83% compared to the end of the previous year[2] - Development expenditure increased by 205.14% to RMB 332.146 million, driven by increased R&D investment by subsidiaries[5] - Short-term borrowings rose by 74.57% to RMB 1.617 billion due to increased bank loans by subsidiaries[5] - Construction in progress increased by 613.64% to RMB 140.888 million, mainly due to increased investment in the innovation digital factory project by subsidiary Ruijie Networks[5] - Other non-current assets grew by 151.51% to RMB 718.788 million, primarily due to increased large-denomination deposits and time deposits[5] - The company's monetary funds decreased by 32.24% to RMB 2.948 billion, mainly due to increased payments for inventory purchases[5] - Other current liabilities increased by 63.13% to 41,955,986.98 RMB due to an increase in prepaid sales tax and undiscounted acceptance bills[6] - Provision for liabilities decreased by 53.22% to 1,004,474.60 RMB due to the settlement of some lawsuits[6] - The company's monetary funds decreased from 4,349,696,383.92 yuan to 2,947,566,315.89 yuan, a decrease of 32.2%[12] - Accounts receivable increased from 2,347,035,162.34 yuan to 3,021,799,517.82 yuan, an increase of 28.7%[12] - Inventory increased from 4,145,340,714.42 yuan to 4,801,371,477.36 yuan, an increase of 15.8%[12] - Total current assets remained relatively stable, decreasing slightly from 11,378,725,423.99 yuan to 11,375,709,867.62 yuan[12] - Total non-current assets increased from 4,022,377,434.55 yuan to 4,769,518,197.22 yuan, an increase of 18.6%[12] - Total assets increased from 15,401,102,858.54 yuan to 16,145,228,064.84 yuan, an increase of 4.8%[12] - Short-term borrowings increased significantly from 926,305,465.45 yuan to 1,617,016,984.27 yuan, an increase of 74.6%[13] - Total current liabilities increased from 5,982,132,496.31 yuan to 6,551,180,306.10 yuan, an increase of 9.5%[13] - Total liabilities increased from 6,303,439,426.95 yuan to 6,824,657,098.41 yuan, an increase of 8.3%[13] - Total equity increased from 9,097,663,431.59 yuan to 9,320,570,966.43 yuan, an increase of 2.4%[14] Expenses and Income - Financial expenses decreased by 398.44% to -7,954,248.96 RMB, primarily due to increased bank deposit interest income[6] - Investment income decreased by 88.51% to 13,776,326.57 RMB, mainly due to the absence of gains from the revaluation of equity in the previous year[6] - Fair value change losses increased by 162.13% to -4,841,055.54 RMB due to reduced fair value changes in non-listed equity assets[6] - Credit impairment losses increased by 188.74% to -38,650,427.52 RMB due to higher bad debt provisions for receivables[6] - Operating costs for the current period are RMB 11,650,091,618.37, compared to RMB 10,961,539,900.49 in the previous period[15] - R&D expenses for the current period are RMB 1,532,425,936.96, a decrease from RMB 1,834,394,371.09 in the previous period[15] - Government subsidies and rewards for the third quarter amounted to RMB 4.938 million[3] Shareholders and Equity - The total number of ordinary shareholders at the end of the reporting period was 60,462, with the largest shareholder being Fujian Electronics Information Group Co., Ltd., holding 26.26% of shares[8] - Total equity increased from 9,097,663,431.59 yuan to 9,320,570,966.43 yuan, an increase of 2.4%[14] - Total comprehensive income for the current period is RMB 533,482,479.45, up from RMB 521,269,617.89 in the previous period[16] - Comprehensive income attributable to the parent company's shareholders is RMB 262,885,865.51, down from RMB 307,016,517.00 in the previous period[16] - Comprehensive income attributable to minority shareholders is RMB 270,596,613.94, an increase from RMB 214,253,100.89 in the previous period[16] - Basic earnings per share for the current period is 0.4505, compared to 0.5175 in the previous period[17] - Diluted earnings per share for the current period is 0.4505, compared to 0.5175 in the previous period[17]