星网锐捷(002396) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥1,282,863,597.56, a decrease of 1.78% compared to ¥1,306,083,218.24 in the same period last year[8] - The net profit attributable to shareholders was -¥6,163,950.17, improving by 7.71% from -¥6,679,026.54 year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥40,214,520.16, which is a 64.82% increase in loss compared to -¥24,399,396.00 in the previous year[8] - The net cash flow from operating activities was -¥857,580,925.35, worsening by 19.28% from -¥718,960,548.61 in the same period last year[8] - The weighted average return on net assets was -0.17%, an improvement of 0.04% compared to -0.21% in the previous year[8] - The basic and diluted earnings per share were both -¥0.0106, a decrease of 7.83% from -¥0.0115 in the same period last year[8] - The company reported a significant increase in prepayments, which rose to CNY 174,707,941.45 from CNY 39,016,217.12, an increase of 348.5%[38] - The company reported a total comprehensive income of -¥6,008,631.51, compared to -¥12,043,414.60 in the previous period, showing a significant improvement[71] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,099,792,122.58, a decrease of 12.85% from ¥6,999,108,789.03 at the end of the previous year[8] - The net assets attributable to shareholders at the end of the reporting period were ¥3,670,103,115.79, a slight decrease of 0.22% from ¥3,678,190,629.71 at the end of the previous year[8] - Total liabilities decreased by 32.72% to ¥1,283,222,618.90 from ¥1,907,396,002.84, due to payments made for accounts payable and procurement[22] - Total liabilities decreased to CNY 1,868,055,367.78 from CNY 2,734,762,458.56, a decrease of 31.7%[44] - Total equity attributable to shareholders of the parent company was CNY 3,670,103,115.79, slightly down from CNY 3,678,190,629.71[47] Cash Flow - Cash and cash equivalents decreased by 50.24% to ¥812,870,447.54 from ¥1,633,702,266.01 due to a reduction in bank deposits[19] - Cash flow from operating activities generated a net outflow of -¥857,580,925.35, worsening from -¥718,960,548.61 in the previous period[75] - The company reported a net cash decrease of CNY 342,508,958.31, an improvement from a decrease of CNY 453,155,811.30 in the previous period[85] - Net cash flow from investment activities was CNY 136,552,532.16, a recovery from a negative CNY 274,769,921.06 in the previous period[82] Investments and Income - Investment income increased by 214.43% to ¥8,420,742.29 from ¥2,678,109.50, primarily due to higher returns from long-term equity investments[25] - The company achieved investment income of ¥5,639,178.90, up from ¥2,586,824.77, marking a growth of 118.5%[65] - The company received government subsidies amounting to ¥65,745,508.38 during the reporting period, primarily from various government support programs[8] Expenses - Total operating costs increased to ¥1,463,562,042.67, up 1.5% from ¥1,440,836,859.01 in the previous period[58] - Research and development expenses rose to ¥233,161,695.43, an increase of 23% from ¥189,604,053.19 in the previous period[58] - The company reported a tax expense of -¥36,602,864.32, compared to -¥19,645,631.68 in the previous period, indicating an increase in tax-related losses[61] - The company recorded a decrease in sales expenses to ¥11,449,991.68 from ¥12,349,135.40, a reduction of 7.3%[65]