星网锐捷(002396) - 2017 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2017 was ¥796,251,383.89, representing an increase of 11.62% compared to ¥713,367,453.87 in the same period last year[8]. - The net profit attributable to shareholders of the listed company was -¥19,108,431.90, a decline of 88.93% from -¥10,114,103.60 year-on-year[8]. - The basic earnings per share for the reporting period was -¥0.0354, reflecting an increase in loss of 88.30% compared to -¥0.0188 in the same period last year[8]. - The net profit attributable to shareholders for the first half of 2017 is expected to be between 50.09 million and 57.79 million RMB, representing a growth of 30% to 50% compared to the same period in 2016[50]. - The company's main products continue to see steady sales growth, contributing to an increase in operating revenue compared to the previous year[50]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥607,676,559.48, which is a 6.93% increase in outflow compared to -¥568,287,490.26 in the previous year[8]. - Cash and cash equivalents decreased by 44.55% to ¥1,109,518,818.31 from ¥2,001,011,862.33 due to a reduction in bank deposits[20]. - The company reported a net increase in cash and cash equivalents of -847,547,807.71 yuan, compared to -1,096,290,814.13 yuan in the previous period, indicating a reduction in cash depletion[96]. - Cash and cash equivalents at the end of the period stood at 1,036,999,338.01 yuan, up from 670,638,823.69 yuan in the previous period, showing a recovery in liquidity[96]. - The company’s cash outflow for operating activities decreased to 352,163,274.02 yuan from 430,726,080.96 yuan, indicating improved operational efficiency[101]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,034,821,059.59, down 12.43% from ¥5,749,733,120.05 at the end of the previous year[8]. - The company's total liabilities decreased to CNY 1,369,696,863.51 from CNY 2,049,124,253.06, indicating a reduction of approximately 33%[66]. - The equity attributable to shareholders of the parent company was CNY 2,864,191,550.32, a decrease from CNY 2,883,080,508.01[65]. - Deferred income tax assets increased by 33.14% to ¥67,592,203.55 from ¥50,769,382.08 due to an increase in unamortized losses[20]. Shareholder Information - The company reported a total of 35,259 shareholders at the end of the reporting period[12]. - The largest shareholder, Fujian Electronic Information Group Co., Ltd., held 28.00% of the shares, totaling 150,931,950 shares[13]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[17]. Investment Activities - Investment activities generated a net cash flow of -¥238,717,791.37, an improvement of 50.85% compared to -¥485,731,278.94 in the previous year, attributed to the recovery of wealth management products[20]. - The company received government subsidies amounting to ¥16,751,030.00 during the reporting period[8]. - The company received 150,000,000.00 yuan related to investment activities, indicating a significant inflow from other investment-related activities[101]. - Cash paid for other investment activities was 427,000,000.00 yuan, compared to 260,000,000.00 yuan in the previous period, reflecting increased investment expenditures[101]. Operational Efficiency - Accounts receivable notes decreased by 79.89% to ¥32,320,779.22 from ¥160,701,964.10 as a result of the collection of matured notes[20]. - Employee compensation payable decreased by 76.17% to ¥94,704,043.13 from ¥397,376,461.74 as performance bonuses from the previous year were paid out[20]. - The company incurred sales expenses of ¥14,082,983.91, a decrease of 19.3% from ¥17,517,422.77 in the previous period[85]. - The company’s cash flow from sales of goods and services increased to 196,383,030.01 yuan from 176,423,704.03 yuan, reflecting growth in revenue generation[97].