Star-net(SZ:002396)2024-04-25 08:23Financial Performance - The company's operating revenue for the current period is ¥3,139,013,847.42, a decrease of 6.37% compared to the same period last year[3]. - Net profit attributable to shareholders of the listed company is ¥11,551,866.79, down 85.72% year-on-year[3]. - The net cash flow from operating activities is -¥1,900,247,172.61, a decline of 130.41% compared to the previous year[3]. - The company reported a decrease in investment income of 108.19%, amounting to -¥809,111.95[9]. - The company recorded a significant drop in basic earnings per share to ¥0.0199, down 85.65% from the previous year[3]. - The company reported a net profit margin decline due to increased operating costs despite a decrease in total revenue[36]. - Net profit for the period was CNY 24,277,976.17, a significant decrease from CNY 149,018,041.39 in the previous period, representing a decline of approximately 83.69%[46]. - The company reported a total comprehensive income of CNY 22,738,805.19, down from CNY 148,411,830.43, reflecting a decrease of about 84.66%[47]. - Basic earnings per share were CNY 0.0199, compared to CNY 0.1387 in the previous period, showing a decline of approximately 85.64%[47]. Assets and Liabilities - Total assets at the end of the period amount to ¥14,923,570,771.60, representing a decrease of 3.10% from the end of the previous year[3]. - Current assets totaled ¥10,717,108,254.92, down 5.79% from ¥11,378,725,423.99[22]. - Non-current assets increased to ¥4,206,462,516.68, up 4.57% from ¥4,022,377,434.55[22]. - Total liabilities decreased to ¥5,805,251,915.57 from ¥6,303,439,426.95, a reduction of 7.91%[23]. - Shareholders' equity increased to ¥9,118,318,856.03, up from ¥9,097,663,431.59, reflecting a growth of 0.23%[23]. Cash Flow - The company's cash and cash equivalents as of March 31, 2024, are 3,303,376,872.75 RMB, down from 4,349,696,383.92 RMB at the beginning of the period[17]. - Operating cash inflow totaled CNY 3,315,001,514.67, an increase from CNY 3,186,160,645.80 in the previous period, reflecting a growth of approximately 4.05%[41]. - Cash inflow from financing activities was $1,313,590,000.00, up from $481,225,712.00 in the prior period[50]. - Net cash flow from financing activities increased by 431.50% to ¥1,165,037,087.08, reflecting enhanced financing efforts[9]. - The ending cash and cash equivalents balance was $3,215,899,249.19, down from $3,464,548,497.25[50]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 64,072, with the top 10 shareholders holding 36.27% of the shares[12]. - Fujian Province Electronic Information Group Co., Ltd. holds 26.07% of the shares, amounting to 154,551,950 shares[12]. - The top 10 shareholders include both state-owned and private entities, with significant stakes held by state-owned enterprises[12]. - The company is currently unaware of any related party relationships among the top shareholders[15]. - The company has not reported any changes in the lending or borrowing of shares among the top shareholders[15]. Operational Changes - The company has increased its investment in construction projects, with a significant rise in "in-progress construction" by 382.13% to ¥95,183,215.33[7]. - Short-term borrowings have increased by 86.15% to ¥1,724,290,997.39, indicating a rise in financing activities[7]. - The company is focusing on new product development and market expansion strategies to enhance future growth prospects[36]. - Research and development expenses amounted to CNY 529,208,196.05, slightly down from CNY 538,731,341.04, a decrease of about 1.93%[46]. - Sales expenses increased to CNY 489,282,872.59 from CNY 420,748,896.55, marking an increase of approximately 16.30%[46].