Runjian (SZ:002929)2018-10-22 16:00Financial Performance - Operating revenue for the current period was CNY 735,569,705.85, a 24.91% increase year-on-year[8] - Net profit attributable to shareholders decreased by 16.35% to CNY 37,075,082.57 compared to the same period last year[8] - Basic earnings per share decreased by 37.31% to CNY 0.168[8] - The company's net profit attributable to shareholders is expected to range from ¥16,000,000 to ¥21,000,000, representing a decrease of 33.17% to 12.28% compared to the previous year[20] - The company anticipates a decline in gross profit margin for network construction and maintenance due to intensified industry competition and rising labor costs[20] Assets and Liabilities - Total assets increased by 57.21% to CNY 3,752,412,365.13 compared to the end of the previous year[8] - Net assets attributable to shareholders increased by 115.19% to CNY 2,559,742,535.86 compared to the end of the previous year[8] - The company's cash and cash equivalents increased by 953.97% to ¥1,040,931,494.59 due to the completion of the initial public offering and bank loans[16] - Short-term borrowings increased by 116.68% to ¥330,000,000 due to additional bank loans[16] - The capital reserve increased by 584.23% to ¥1,406,305,871.38 as a result of the funds raised from the IPO[16] Cash Flow - Net cash flow from operating activities increased by 271.46% to CNY 111,427,746.01[8] - The company reported a 429.54% increase in cash funds, attributed to funds raised from the IPO and bank loans[16] Shareholder Information - The total number of shareholders at the end of the reporting period was 35,452[12] - The largest shareholder, Li Jianguo, holds 35.52% of the shares, with 28 million shares pledged[12] Government Support and R&D - The company received government subsidies amounting to CNY 16,312,474.00 during the reporting period[9] - Other income surged by 2326.01% to ¥16,312,474.00, primarily from government subsidies[16] - Research and development expenses rose by 58.42% to ¥85,895,452.55 as the company increased investment in smart operations, training, tools, management, cloud computing, and big data platforms[16] - The company plans to continue increasing R&D investment to meet upcoming 5G technology requirements and support the development of IoT and big data strategies[20] Management and Operational Expenses - Management expenses increased by 33.78% to ¥142,118,807.24 due to the expansion of business scale and an increase in personnel[16] - The weighted average return on equity was 1.44%, a decrease of 2.69% compared to the same period last year[8]