Sinnet(SZ:300383)2015-04-20 16:00Financial Performance - Total revenue for Q1 2015 was ¥120,033,034.33, an increase of 17.33% compared to ¥102,301,581.44 in the same period last year[8] - Net profit attributable to shareholders was ¥22,077,047.87, up 19.16% from ¥18,526,594.26 year-on-year[8] - Basic earnings per share increased by 11.11% to ¥0.20 from ¥0.18 in the same period last year[8] - Operating profit for the same period was CNY 26.19 million, an increase of 19.07% year-on-year[23] - The total profit for Q1 2015 was CNY 26,233,616.39, an increase from CNY 22,040,630.53 in the prior year[71] - The net profit for Q1 2015 reached CNY 22,077,260.13, compared to CNY 18,527,015.63 in the same period last year, representing a growth of approximately 19.5%[71] Cash Flow and Liquidity - The net cash flow from operating activities was -¥42,874,316.39, a decrease of 368.08% compared to ¥15,993,004.70 in the previous year[8] - Cash inflow from operating activities was CNY 90,278,975.20, compared to CNY 85,795,421.67 in the previous year[77] - Cash outflow from operating activities totaled 133,153,291.59 CNY, compared to 69,802,416.97 CNY in the previous period, reflecting increased operational costs[78] - The company had a net decrease in cash and cash equivalents of -53,176,439.26 CNY during the period[79] - The total cash and cash equivalents at the end of the period were 185,801,376.93 CNY, down from 277,177,554.70 CNY in the previous period[79] Assets and Liabilities - The total assets at the end of the reporting period were ¥897,254,118.60, representing a 4.00% increase from ¥862,742,216.89 at the end of the previous year[8] - Current liabilities totaled CNY 173,933,301.69, compared to CNY 161,436,893.48 at the start of the period, indicating an increase in short-term obligations[63] - The company's total current assets amounted to RMB 326.71 million at the end of the reporting period, compared to RMB 296.08 million at the beginning[61] Customer and Supplier Concentration - The top five customers accounted for 51.82% of total sales, indicating a high customer concentration risk[12] - The top five suppliers represented 66.68% of total purchases, highlighting a significant supplier concentration risk[12] Investments and Projects - The company is actively investing in the construction of a green cloud computing base in Jiading, Shanghai, to enhance overall operational capacity and competitiveness[12] - The company completed 85.05% of the construction progress for the "Integrated Internet Data Service Platform Phase II" project[23] - The broadband access service expansion project has been completed with 100% of the CNY 547.16 million investment utilized by April 30, 2016[53] Shareholder Information - Total number of shareholders at the end of the reporting period is 10,815[15] - Beijing Baihuida Investment Management Co., Ltd. holds 46.90% of shares, totaling 51,200,000 shares, all of which are pledged[15] - The top ten shareholders did not engage in any repurchase transactions during the reporting period[16] Commitments and Regulations - The controlling shareholder, Baihuida, has committed to not reducing their shareholding in the company for two years post-lockup period, ensuring price stability[36] - The company has established a commitment to ensure that related party transactions are conducted at fair market prices, protecting minority shareholder interests[39] - The company has committed to not engage in any business that directly competes with its current operations, safeguarding its market position[49] Research and Development - The company aims to increase R&D investment, focusing on SDN technology and energy-saving technologies for data centers[26] - The internet technology research and development project has a total investment of CNY 2,861 million, with 39.93% progress achieved by June 30, 2015[53]