网宿科技(300017) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was CNY 1,120,044,803.07, a decrease of 4.13% compared to CNY 1,168,315,109.87 in the same period last year[3] - Net profit attributable to shareholders increased by 45.96% to CNY 138,476,684.06, up from CNY 94,870,887.69 year-on-year[3] - The net profit attributable to shareholders reached RMB 138.48 million, a year-on-year growth of 45.96%[15] - Net profit for Q1 2024 was ¥141,491,788.33, an increase of 52.7% compared to ¥92,661,790.57 in Q1 2023[26] - The comprehensive income total for Q1 2024 was ¥139,314,590.32, compared to ¥111,767,624.95 in Q1 2023, reflecting an increase of 24.7%[26] Cash Flow - The net cash flow from operating activities surged by 354.97% to CNY 243,913,978.35, compared to CNY 53,610,872.31 in the previous year[3] - The total cash inflow from operating activities for Q1 2024 was ¥1,183,179,180.45, a decrease of 2.16% compared to ¥1,209,450,546.11 in Q1 2023[27] - The net cash flow from operating activities increased significantly to ¥243,913,978.35, compared to ¥53,610,872.31 in the same period last year, marking a growth of 353.36%[27] - The net cash flow from investment activities was ¥9,340,607.46, a decrease of 95.63% compared to ¥213,215,377.12 in the previous year[27] - The cash and cash equivalents at the end of the period amounted to ¥1,657,286,870.33, down from ¥1,845,756,767.24 at the end of Q1 2023[28] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 11,218,473,024.34, reflecting a growth of 2.28% from CNY 10,968,682,487.07 at the end of the previous year[3] - Total assets increased to ¥11,218,473,024.34 from ¥10,968,682,487.07, marking a growth of 2.3%[24] - Total liabilities rose to ¥1,236,759,847.22, up from ¥1,179,920,072.02, indicating an increase of 4.8%[24] - The equity attributable to shareholders of the parent company increased to ¥9,815,296,423.73 from ¥9,626,014,551.18, a rise of 2.0%[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 134,210, with the top ten shareholders holding significant stakes[9] - The top 10 shareholders hold a significant portion of the company's shares, with the largest shareholder holding 261,062,924 shares[11] - A total of 110,000 shares were sold by the company's vice president and CFO, representing 0.0045% of the total share capital[20] Operational Efficiency - The company reported a significant increase in credit impairment losses by 129.05%, primarily due to the reversal of bad debt provisions in the previous year[7] - The company experienced a 78.45% increase in taxes and surcharges compared to the same period last year, mainly due to an increase in value-added tax surcharges[7] - The company reported a fair value loss of RMB 232.44 million on derivative investments during the reporting period[19] - The company reported a significant increase in cash flow from operating activities, indicating improved operational efficiency and cash management strategies[27] Research and Development - The company's R&D expenses increased to ¥129,499,222.90, up 12.4% from ¥115,245,123.84 in the previous year[25] Strategic Focus - The company continues to focus on its core businesses of CDN and edge computing, as well as independent sectors like cloud computing and data center liquid cooling solutions[15] - The company is actively promoting market expansion in key overseas regions[15] - The company is exploring new product and technology developments to enhance its service offerings[15] - The company is not currently engaged in any mergers or acquisitions as part of its strategy[15] Financial Management - The company approved the use of up to RMB 5 billion of idle funds for purchasing low to medium risk financial products, with a rolling usage period of 12 months starting from December 11, 2023[16] - The total amount of funds managed through cash management during the reporting period was RMB 160 million, with expected returns ranging from 1.5% to 2.85%[18] - The company's long-term equity investments decreased slightly to RMB 137,323,747.50 from RMB 140,841,915.39[22] - The company’s fixed assets decreased to RMB 810,288,911.53 from RMB 854,812,726.92, reflecting a decline of approximately 5.2%[22] - The total expected returns from structured deposits were reported between RMB 60.49 million and RMB 114.94 million[18]