星网锐捷(002396) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥1,079,960,399.27, a decrease of 15.82% compared to ¥1,282,863,597.56 in the same period last year[8]. - The net profit attributable to shareholders was -¥53,703,991.40, representing a significant decline of 771.26% from -¥6,163,950.17 in the previous year[8]. - The basic earnings per share were -¥0.0921, a decrease of 768.87% from -¥0.0106 in the previous year[8]. - The net profit for the first quarter was a loss of ¥117,047,196.25, compared to a loss of ¥32,316,463.70 in the same period last year, reflecting a significant increase in losses[64]. - The company's operating revenue for the current period is approximately ¥279.84 million, a decrease of 1.39% from ¥284.63 million in the previous period[68]. - The net profit for the current period is approximately ¥6.37 million, compared to a net loss of ¥6.01 million in the previous period, indicating a significant turnaround[71]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥1,381,275,979.42, which is a 61.07% increase in cash outflow compared to -¥857,580,925.35 in the same period last year[8]. - Cash and cash equivalents decreased by 64.84% to ¥722,234,717.87 from ¥2,054,034,852.46 due to a reduction in bank deposits[20]. - The net cash flow from operating activities was -1,381,275,979.42, a decrease compared to -857,580,925.35 in the previous period, indicating a worsening cash flow situation[78]. - The total cash and cash equivalents at the end of the period decreased to 621,413,716.74 from 739,893,182.75, indicating a decline in liquidity[81]. - The net increase in cash and cash equivalents was -991,551,741.02, worsening from -342,508,958.31, highlighting ongoing liquidity challenges[85]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,069,283,935.00, down 7.60% from ¥7,650,633,765.03 at the end of the previous year[8]. - The company's current assets totaled CNY 5,168,495,728.19, down from CNY 5,978,336,958.89, indicating a decrease of about 13.5%[42]. - Total liabilities decreased from CNY 2,814,118,076.17 to CNY 2,357,503,012.81, a reduction of about 16.2%[48]. - The company's equity attributable to shareholders decreased from CNY 4,226,728,082.73 to CNY 4,169,602,870.39, a decline of approximately 1.4%[51]. - Total current liabilities were CNY 2,765,237,097.91 as of January 1, 2020, compared to CNY 2,754,864,333.17 on December 31, 2019[92]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 44,584[12]. - The largest shareholder, Fujian Electronic Information Group Co., Ltd., held 26.88% of the shares, totaling 156,781,950 shares[13]. Government Support - The company received government subsidies amounting to ¥10,156,015.78 during the reporting period, primarily related to various government support programs[8]. Operational Changes - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[73]. - The company implemented a new revenue recognition standard starting January 1, 2020, affecting the accounting disclosures without retrospective adjustments to 2019 figures[92].