Sinnet(SZ:300383)2017-08-24 16:00Financial Performance - Total revenue for the first half of 2017 reached ¥1,803,980,637.35, representing a 115.32% increase compared to ¥837,796,548.87 in the same period last year[21]. - Net profit attributable to shareholders was ¥209,598,484.23, up 58.37% from ¥132,349,822.66 year-on-year[21]. - Net profit after deducting non-recurring gains and losses was ¥205,443,531.81, a 54.50% increase from ¥132,973,026.45 in the previous year[21]. - Basic earnings per share increased by 27.27% to ¥0.14 from ¥0.11 in the same period last year[21]. - Operating profit for the same period was CNY 231.38 million, an increase of 38.69% year-on-year[39]. - The company's operating revenue reached ¥1,803,980,637.35, a significant increase of 115.32% compared to the same period last year, driven by substantial growth in cloud services and IDC-related value-added services[43]. - The total comprehensive income for the first half of 2017 was CNY 209,168,943.21, compared to CNY 132,963,338.95 in the same period of 2016, indicating an increase of about 57.3%[156]. Assets and Liabilities - Total assets at the end of the reporting period were ¥9,212,289,175.84, a 3.30% increase from ¥8,917,624,206.08 at the end of the previous year[21]. - The company's total assets increased to CNY 6,477,605,233.44, compared to CNY 6,387,071,410.73 at the end of the previous period, showing a growth of about 1.4%[152]. - The total liabilities increased to CNY 2,631,701,091.94 from CNY 2,473,906,715.63, marking a rise of about 6.4%[147][148]. - The company's equity attributable to shareholders reached CNY 6,193,083,434.50, up from CNY 6,055,783,300.03, which is an increase of approximately 2.3%[148]. - The company's long-term borrowings increased to CNY 1,475,939,947.89 from CNY 1,386,189,912.80, indicating a rise of about 6.5%[147]. Cash Flow - The net cash flow from operating activities was ¥26,088,229.99, down 76.45% from ¥110,799,694.55 in the same period last year[21]. - The company reported a net cash outflow from operating activities of ¥26,088,229.99, a decrease of 76.45% compared to the previous year, highlighting cash flow challenges[44]. - Cash inflow from investment activities reached CNY 3,347,828,687.92, significantly higher than CNY 485,215.00 in the previous period[163]. - Cash outflow from investment activities was CNY 3,406,587,680.37, compared to CNY 1,436,462,343.09 in the prior period, indicating a substantial increase[163]. - Net cash flow from investment activities was negative at CNY -58,758,992.45, an improvement from CNY -1,435,977,128.09 in the previous period[163]. Business Development - Revenue from cloud computing and related services grew by 285.22% year-on-year, indicating a strong market demand[39]. - The company is developing a cloud computing platform operation and maintenance system 2.0, expected to launch within the year, enhancing service quality and efficiency[34]. - The construction of data centers is progressing well, with over 40,000 cabinet service capacity expected upon completion of ongoing projects[30]. - The company has accumulated 79 software copyrights and patents, strengthening its competitive edge in technology[35]. - The company is actively expanding its cloud computing business, with significant increases in both accounts receivable and prepayments due to growing customer demand[1]. Investment and Acquisitions - The total investment during the reporting period reached ¥3,406,587,680.37, a significant increase of 137.15% compared to ¥1,436,462,343.09 in the same period last year[55]. - The company completed the acquisition of 100% equity of Guanghuan New Network (Shanghai) Information Service Co., Ltd., which is responsible for the implementation of the Shanghai Jiading Green Cloud Computing Base project[64]. - The acquisition of Zhongjin Cloud Network and Wushuang Technology in 2016 is projected to positively impact the company's performance from 2016 to 2018[78]. Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has received a high-tech enterprise certificate, allowing it to benefit from a reduced corporate income tax rate of 15% until 2017[84]. - The company has submitted the application for high-tech enterprise certification to relevant authorities[85]. - The company maintains a good integrity status with no significant debts or court judgments outstanding[96]. Shareholder Information - The total number of shareholders at the end of the reporting period was 73,070[129]. - The top ten shareholders include Beijing Baihui Investment, which has 512,057,500 unrestricted shares, and Cinda Asset Management with 34,734,786 unrestricted shares[130]. - The company completed a capital increase through a bonus share distribution, resulting in total shares increasing from 723,175,694 to 1,446,351,388[117][119]. Compliance and Reporting - The company follows the accounting standards set by the Ministry of Finance, ensuring compliance and transparency in financial reporting[184]. - The financial report covers the period from January 1 to June 30, 2017, adhering to the calendar year accounting period[185]. - The company's financial statements were approved by the board of directors on August 24, 2017[180].