网宿科技(300017) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥1,038,258,496.74, a decrease of 33.69% compared to ¥1,565,772,237.70 in the same period last year[3] - Net profit attributable to shareholders was ¥41,860,035.16, down 52.08% from ¥87,347,463.17 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥11,267,414.16, representing an 80.72% decline from ¥58,448,021.45 in the previous year[3] - Basic earnings per share decreased by 52.37% to ¥0.0171 from ¥0.0359 year-on-year[3] - The company's operating revenue decreased by 33.69% compared to the same period last year, primarily due to a business volume adjustment[12] - In Q1 2021, the company achieved operating revenue of 1,038.26 million CNY, a decrease of 33.69% year-on-year[14] - The net profit attributable to shareholders was 418.60 million CNY, down 52.08% compared to the same period last year[14] - Compared to Q4 2020, the net profit attributable to shareholders increased by 251.24% in Q1 2021[14] Cash Flow and Assets - The net cash flow from operating activities increased significantly by 319.11% to ¥298,586,746.05, compared to ¥71,243,318.13 in the same period last year[3] - The balance of accounts receivable decreased by 45.03% compared to the beginning of the year, mainly due to the maturity and cashing of notes[12] - The company's total assets at the end of the reporting period were ¥10,249,090,858.31, an increase of 0.87% from ¥10,160,745,437.56 at the end of the previous year[3] - The company's total current assets reached ¥6,313,681,378.10, up from ¥5,670,585,894.80 at the end of 2020, reflecting a growth of approximately 11.36%[34] - Cash and cash equivalents increased to ¥1,419,929,027.46 from ¥1,172,604,462.43, representing a growth of about 20.98%[34] - The company's total liabilities were reported at ¥1,527,428,746.70, compared to ¥1,466,283,613.12 at the end of the previous year[36] Shareholder Information - The top shareholder, Chen Baozhen, holds 10.64% of the shares, totaling 261,062,924 shares[6] - The total number of ordinary shareholders at the end of the reporting period was 129,320[6] - Net assets attributable to shareholders increased by 0.31% to ¥8,721,830,905.25 from ¥8,694,553,134.66 at the end of the previous year[3] Business Strategy and Development - The company plans to expand into five key business areas, including edge computing, enterprise network security solutions, and managed service provider capabilities[13] - The company is actively developing new business directions, including security, private cloud, and network products, in response to the challenges posed by 5G trends[13] - The company plans to strengthen its market presence in the government and enterprise sectors, aiming to optimize customer structure and increase new business revenue[14] - The private cloud and hybrid cloud business is now independently operated by EdgeRay Technology, focusing on providing a range of cloud products and services[14] Risk Management - The company faces market risks including policy changes, demand fluctuations, and increased competition, which may impact sales performance[15] - To mitigate risks, the company will enhance market analysis, improve product responsiveness, and invest in R&D for high-value products[16] - The company is also addressing potential management risks by improving governance structures and attracting high-quality management talent[16] Stock Options and Incentives - The company plans to cancel 3.9118 million stock options and repurchase 3.37725 million restricted stocks due to unmet exercise conditions, with a total repurchase amount of approximately RMB 16.95 million at a price of RMB 5.02 per share[18] - The 2020 stock option and restricted stock incentive plan has 1,970.57 million stock options granted to 258 individuals, with a total of 2,297.60 million restricted stocks granted to 208 individuals[19] - The company has amortized RMB 17.12 million of the 2020 stock option and restricted stock incentive plan costs during the reporting period, with a cumulative amortization of RMB 55.60 million[19] Financial Management - The company has increased the limit for purchasing low-risk financial products to RMB 4 billion, with a rolling use of funds allowed within this limit[21] - The company has adjusted the investment scope for low-risk financial products to RMB 3.7 billion and allowed an additional RMB 300 million for medium-risk financial products[21] - The total amount of entrusted financial management by Wangsu Technology is 27,500.00 million, with a low-risk product named Xin Hui 1201[22] Investment Activities - The company has invested ¥2.11 billion (approximately $130.7 million) in acquiring Korean CDN company CDNW and ¥53.4 million (approximately $5.3 million) in acquiring Russian CDN company CDNV, enhancing its global sales and CDN node layout[27] - The cloud security project has a total planned investment of ¥350 million, with ¥222.1 million (approximately 99.38%) already utilized by June 30, 2020[29] - The overseas CDN project has a planned investment of ¥1.05 billion, with ¥539.1 million (approximately 100.77%) already utilized by December 31, 2019[29] Comprehensive Income - The company reported a total comprehensive income of ¥22,555,065.76 for the current period, compared to ¥98,451,079.54 in the previous period[48] - The company recorded an investment income of CNY 12,785,262.27, significantly higher than CNY 637,161.39 in the previous year[42]