福建星网锐捷通讯股份有限公司 2022 年第三季度报告 证券代码：002396 证券简称：星网锐捷 公告编号：定 2022-004 福建星网锐捷通讯股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度报告是否经过审计 □是 否 1 福建星网锐捷通讯股份有限公司 2022 年第三季度报告 会计政策变更的原因及会计差错更正的情况 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 是 □否 追溯调整或重述原因 会计差错更正 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------- ...

Financial Performance - The company's operating revenue for Q1 2021 was ¥1,919,383,355.43, representing a 77.73% increase compared to ¥1,079,960,399.27 in the same period last year[8]. - The net profit attributable to shareholders was ¥37,318,567.56, a significant recovery from a loss of ¥55,145,830.36 in the previous year, marking a change of -167.67%[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥15,360,132.86, compared to a loss of ¥60,577,488.20 last year, reflecting a change of -125.36%[8]. - The basic earnings per share for the period was ¥0.0640, recovering from -¥0.0945 in the same period last year, indicating a change of -167.72%[8]. - The net profit for the period was ¥33,214,073.97, a recovery from a net loss of ¥119,874,344.94 in the same period last year[63]. - Net profit for the current period was ¥23,502,890.07, significantly higher than ¥6,367,300.86 in the previous period, marking an increase of 269.5%[70]. Cash Flow - The net cash flow from operating activities was -¥1,092,423,979.22, an improvement of 20.91% from -¥1,381,275,979.42 in the previous year[8]. - Cash flow from operating activities was negative at -¥1,092,423,979.22, an improvement from -¥1,381,275,979.42 in the previous period[78]. - Cash flow from operating activities for the current period was ¥74,726,092.39, a decrease of 58.9% compared to ¥181,805,295.87 in the previous period[81]. - The total cash outflow from operating activities was ¥305,064,602.53, which is an increase of 56.4% compared to ¥195,228,059.79 in the previous period[81]. - The company reported a significant increase in cash inflow from sales, totaling ¥2,509,300,665.43, compared to ¥1,370,871,482.74 in the previous period[74]. - The company reported cash inflow from sales of goods and services of ¥290,478,885.86, an increase of 23.4% from ¥235,314,751.27 in the previous period[81]. Assets and Liabilities - Total assets at the end of the reporting period were ¥8,778,475,828.05, a slight increase of 0.72% from ¥8,715,629,599.90 at the end of the previous year[8]. - Total liabilities increased to ¥3,849,829,092.85 from ¥3,833,000,563.73, marking a rise of approximately 0.4%[48]. - The company's total equity as of March 31, 2021, was ¥4,928,646,735.20, up from ¥4,882,629,036.17, which is an increase of about 0.9%[48]. - The total assets increased significantly, with a notable rise in prepaid expenses by 87.09% to CNY 166,790,165.07, attributed to increased advance payments for raw materials[22]. - The total assets of the company were CNY 8,715,629,599.90, compared to CNY 8,900,674,627.61 previously[89]. - Total liabilities amounted to CNY 3,833,000,563.73, a decrease of CNY 185,045,027.71 compared to the previous total of CNY 4,018,045,591.44[89]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 66,178[12]. - The largest shareholder, Fujian Electronic Information (Group) Co., Ltd., held 26.50% of the shares, totaling 154,551,950 shares[12]. - The net assets attributable to shareholders were ¥4,233,382,767.88, up 1.05% from ¥4,189,444,543.84 at the end of the previous year[8]. Research and Development - The company's R&D expenses rose by 34.21% to CNY 305,569,994.75, compared to CNY 227,677,699.41 in the previous year, reflecting increased investment in innovation[24]. - Research and development expenses were ¥305,569,994.75, compared to ¥227,677,699.41 in the prior year, reflecting a growth of approximately 34.2%[60]. - Research and development expenses for the current period were ¥5,864,584.80, slightly down from ¥6,227,873.62 in the previous period[67]. Government Subsidies and Other Income - The company received government subsidies amounting to ¥35,609,089.08 during the reporting period[8]. - The company’s other income increased by 62.83% to CNY 85,333,642.10, compared to CNY 52,405,644.08, primarily due to higher government subsidies[24]. - Other income increased to ¥3,919,486.69 from ¥3,086,326.34, showing a growth of 27%[67]. Financing Activities - The company reported a net cash flow from financing activities of CNY 637,562,752.89, an increase of 73.25% compared to CNY 367,999,119.24 in the previous year[24]. - Cash inflow from financing activities was ¥689,000,000.00, compared to ¥486,746,459.20 in the previous period, indicating an increase of 41.6%[80]. - Cash outflow from financing activities totaled ¥51,437,247.11, a significant decrease from ¥118,747,339.96 in the previous period, representing a reduction of 56.7%[80]. - The net cash flow from financing activities was negative at -¥70,533,478.57, compared to -¥1,035,000,000.00 in the previous period, indicating a significant reduction in outflows[84]. Future Outlook - The company plans to continue investing in new technologies and market expansion strategies to drive future growth[59]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[69].

福建星网锐捷通讯股份有限公司 2021 年半年度报告全文 证券简称：星网锐捷 证券代码：002396 福建星网锐捷通讯股份有限公司 2021 年半年度报告 融合创新科技，构建智慧未来 2021 年 08 月 1 福建星网锐捷通讯股份有限公司 2021 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司负责人黄奕豪、主管会计工作负责人杨坚平及会计机构负责人(会计主 管人员)李怀宇声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告中如有涉及未来的计划、业绩预测等方面的内容，均不构成本公司 任何投资者的承诺，敬请投资者注意投资风险。 公司在本报告"第三节管理层讨论与分析"中"十、公司面临的风险和应对措 施"部分，详细阐述了公司经营中可能存在的风险及应对措施，敬请投资者关注 相关内容。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 福建星网锐捷通讯股份有限公司 2021 年半年度报告全文 目录 | ...

福建星网锐捷通讯股份有限公司 2021 年年度报告全文 证券简称：星网锐捷 证券代码：002396 福建星网锐捷通讯股份有限公司 融合创新科技，构建智慧未来 2021 年年度报告 披露日期：2022 年 03 月 1 福建星网锐捷通讯股份有限公司 2021 年年度报告全文 积金转增股本。 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人黄奕豪、主管会计工作负责人李怀宇及会计机构负责人(会计主 管人员)吴丽丽声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本年度报告中涉及未来计划和前瞻性陈述，并不构成公司对未来年度的盈 利预测及对投资者的实质承诺，敬请投资者注意投资风险。 | --- | |-----------------------------------------------------------------------------------------| | | | 宏观经济波动的风险、技术风险、产品竞争加剧 ...

Financial Performance - The company's operating revenue for Q3 2021 was CNY 3,904,385,916.30, representing a year-on-year increase of 22.88%[6] - The net profit attributable to shareholders for Q3 2021 was CNY 227,443,432.64, a decrease of 12.57% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was CNY 219,418,475.16, down 14.61% year-on-year[6] - The company's operating revenue for the current period reached ¥9,191,186,059.28, an increase of 40.07% compared to the same period last year[14] - Net profit for the current period was ¥682,136,772.03, up from ¥477,163,145.69 in the previous period, indicating a growth of approximately 42.9%[38] - The company reported a total comprehensive income of ¥679,868,981.89 for the current period, compared to ¥476,285,887.08 in the previous period, reflecting an increase of about 42.6%[42] Assets and Liabilities - The total assets as of September 30, 2021, reached CNY 10,892,692,869.75, an increase of 24.98% from the end of the previous year[6] - The total current assets as of September 30, 2021, amount to approximately ¥8.56 billion, an increase from ¥6.68 billion at the end of 2020, representing a growth of 28%[28] - The total assets of the company reached approximately ¥10.89 billion as of September 30, 2021, compared to ¥8.72 billion at the end of 2020, indicating a growth of 25%[30] - The total liabilities increased to ¥5,344,545,788.28 from ¥3,833,000,563.73, reflecting a growth of about 39.4%[34] - The total current liabilities increased to approximately ¥5.16 billion from ¥3.76 billion, indicating a growth of 37%[30] - Total liabilities amounted to 3,833,000,563.73, a decrease of 186,026,309.25 from the previous total of 4,019,026,872.98[56] Cash Flow - The company's cash flow from operating activities showed a significant negative net amount of CNY -163,153,558.42, reflecting a decline of 1,297.61% year-on-year[6] - The net cash flow from operating activities decreased by 1,297.61% to -¥163,153,558.42, primarily due to higher cash payments to employees[20] - Cash flow from operating activities was ¥10,050,663,426.17, compared to ¥7,019,825,384.27 in the previous period, marking an increase of approximately 43.1%[43] - Operating cash inflow totaled ¥10,442,378,764.87, an increase from ¥7,363,965,245.86 year-over-year[46] - Net cash flow from financing activities improved by 318.97% to ¥253,938,315.32, attributed to the absence of previous year’s acquisition payments[20] Expenses - Operating costs increased to ¥6,143,468,069.38, reflecting a growth of 41.51% year-over-year, driven by higher sales volume[17] - Sales expenses rose to ¥1,111,703,247.06, marking a 37.73% increase from the previous year due to expanded sales activities[17] - Research and development expenses increased by 33.58% to ¥1,046,392,445.32, indicating a commitment to innovation[17] - The company reported a profit tax expense of ¥91,301,988.05, a substantial increase of 651.86% compared to the previous year, driven by higher total profits[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 54,937[21] - The largest shareholder, Fujian Electronic Information (Group) Co., Ltd., holds 26.50% of the shares, equating to 154,551,950 shares[21] Inventory and Contract Assets - Inventory increased by 70.14% to CNY 3,953,538,127.70, driven by increased procurement of strategic raw materials[10] - Contract assets surged by 219.15% to CNY 178,850,749.45, indicating an increase in sales business where the company could not unconditionally collect payments[10] - Contract liabilities surged by 222.52% to ¥752,264,988.80, indicating a significant increase in advance payments received[14] Other Financial Metrics - The weighted average return on net assets was 5.02%, a decrease of 1.06% compared to the same period last year[6] - The basic earnings per share for the current period was ¥0.8158, compared to ¥0.5586 in the previous period, representing an increase of about 46.1%[42] - The company recognized a right-of-use asset of 186,026,309.25 and a lease liability of 139,289,996.70 as part of the new lease accounting implementation[59]

福建星网锐捷通讯股份有限公司 2022 年第一季度报告全文 证券简称：星网锐捷 证券代码：002396 福建星网锐捷通讯股份有限公司 2022 年第一季度报告 融合创新科技，构建智慧未来 2022 年 4 月 1 福建星网锐捷通讯股份有限公司 2022 年第一季度报告全文 证券代码：002396 证券简称：星网锐捷 公告编号：定 2022-002 福建星网锐捷通讯股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重 大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的 真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |------------------------- ...

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2019, representing a year-on-year growth of 15%[19] - The net profit attributable to shareholders was 150 million RMB, an increase of 10% compared to the previous year[19] - The company's operating revenue for 2019 was ¥9,265,767,751.41, representing a 1.47% increase from ¥9,131,571,813.18 in 2018[27] - The net profit attributable to shareholders for 2019 was ¥606,162,344.66, up 4.80% from ¥578,393,221.83 in 2018[27] - The net profit after deducting non-recurring gains and losses was ¥538,101,941.73, an increase of 18.78% compared to ¥453,023,386.52 in 2018[27] - The net cash flow from operating activities reached ¥763,057,151.38, a significant increase of 28.39% from ¥594,339,591.58 in 2018[27] - The total assets at the end of 2019 were ¥7,650,633,765.03, reflecting a 9.31% increase from ¥6,999,108,789.03 at the end of 2018[27] - The net assets attributable to shareholders increased by 14.91% to ¥4,226,728,082.73 from ¥3,678,190,629.71 in 2018[27] - The company reported a significant increase in cash flow from operating activities, indicating improved operational efficiency[27] - The company achieved a gross margin of 38.30% in the communications equipment manufacturing sector, with a decrease of 7.15% compared to the previous year[60] Market Expansion and Product Development - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2021[19] - New product development includes the launch of a 5G communication solution, expected to contribute an additional 200 million RMB in revenue in 2020[19] - The company plans to continue enhancing its core competitiveness in the smart technology industry, leveraging historical opportunities and events[40] - The company launched new products such as the "Magic Cloud 9" and "Magic Mirror 3" interactive entertainment systems, expanding into over 30 niche markets[52] - The company plans to enhance its product lines, focusing on switches, wireless products, and cloud desktops, aiming to become a leading provider of data center switches in China[101] - The company aims to expand its market share in cloud computing by developing industry-specific solutions for sectors such as insurance, telecommunications, and healthcare[104] - The company is committed to increasing its overseas market presence, particularly in North America, Eastern Europe, Northern Europe, Southeast Asia, and Africa, while also launching 5G communication modules[105] Research and Development - The company has allocated 100 million RMB for research and development in AI and cloud computing technologies in 2020[19] - The company's research and development efforts resulted in 274 patent applications in 2019, including 232 invention patents, bringing the total number of patents to 1,901[46] - Research and development expenses increased by 15.42% from 1,072,916,630.72 CNY in 2018 to 1,238,404,290.06 CNY in 2019, representing 13.37% of total revenue[73] - The number of R&D personnel grew by 5.91%, from 3,872 in 2018 to 4,101 in 2019, with R&D personnel now making up 47.68% of the workforce[74] Risk Management - The company identified risks including supply chain disruptions and increased competition, with strategies in place to mitigate these challenges[7] - The company is addressing risks related to supply chain stability, particularly for critical components sourced from external suppliers like Broadcom and Qualcomm[107] - The company anticipates challenges from macroeconomic fluctuations and trade uncertainties, particularly due to the COVID-19 pandemic and US-China trade relations, and plans to enhance its internal innovation capabilities[106] - The company faces a risk of talent shortage due to rapid industry growth, leading to intense competition for high-end technical personnel[111] Shareholder Returns and Dividends - A cash dividend of 1.1 RMB per 10 shares will be distributed to shareholders, reflecting a commitment to returning value to investors[7] - The company plans to distribute a cash dividend of CNY 64,160,830.58 for the 2019 fiscal year, maintaining the same rate as the previous year[120] - The company’s cash dividend payout ratio for 2019 is 10.58% of the net profit attributable to ordinary shareholders[124] - The company distributed a cash dividend of 1.1 CNY per 10 shares, totaling 64,160,830.58 CNY, which represents 100% of the distributable profit[125] Strategic Partnerships and Acquisitions - The company is exploring potential mergers and acquisitions to enhance its technology capabilities and market reach[19] - The company has established strategic partnerships with international and domestic suppliers for embedded technology licensing, ensuring a stable supply chain without tight supply conditions[111] Compliance and Governance - The company has a commitment to ensure that the cumulative net profit for the years 2017 to 2019 meets the specified targets[164] - The company will adhere to the regulations set by the China Securities Regulatory Commission regarding the transfer of shares by directors and senior management[158] - The performance guarantee will be verified by a certified public accountant's special audit report[164] - The company has made adjustments to its financial statement format in accordance with the new general enterprise financial statement format issued in April 2019[188]

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].

Financial Performance - The company's operating revenue for the first half of 2018 was ¥3,517,413,943.36, representing a 47.39% increase compared to ¥2,386,430,791.60 in the same period last year[26]. - The net profit attributable to shareholders of the listed company reached ¥116,294,471.43, a significant increase of 128.96% from ¥50,792,823.59 in the previous year[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥49,899,354.51, up 64.02% from ¥30,423,131.64 year-on-year[26]. - The basic earnings per share increased to ¥0.1994, reflecting a growth of 111.68% compared to ¥0.0942 in the same period last year[26]. - Operating profit reached RMB 183,514,225.92, an increase of 165.92% compared to the previous year[44]. - Total profit amounted to RMB 184,168,801.51, reflecting a growth of 160.96% year-on-year[44]. - The company reported a significant increase in investment income, which surged by 1,599.77% to ¥107,093,671.51 from ¥6,300,482.82[57]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,909,188,090.59, a decrease of 8.24% from ¥6,439,912,654.33 at the end of the previous year[26]. - The net assets attributable to shareholders of the listed company were ¥3,212,528,800.54, showing a slight increase of 0.35% from ¥3,201,224,709.86 at the end of the previous year[26]. - The company’s total liabilities decreased by 1.03% to ¥921,307,458.15, compared to ¥937,814,996.59 in the previous year[72]. - The balance of cash and cash equivalents decreased by 52.15% to ¥828,635,691.05 from ¥1,731,687,791.98, reflecting a reduction in bank deposits[51]. Cash Flow - The net cash flow from operating activities was -¥632,552,560.76, which is a 9.92% improvement compared to -¥702,174,949.60 in the same period last year[26]. - The company’s cash flow from investing activities improved by 47.31%, reaching -¥173,882,937.99 compared to -¥330,016,522.12 in the previous year[51]. - The company’s cash flow is affected by restricted cash, including funds for special projects and frozen bank deposits due to litigation[73]. Research and Development - The company increased its R&D investment, leading to significant growth in data center switches and cloud classroom product lines[44]. - Research and development investment rose by 19.15% to ¥431,685,566.38 from ¥362,316,725.45, indicating a focus on innovation[51]. - The company plans to enhance R&D investment to address the challenges of rapid product updates and technological advancements in the industry[90]. Market Expansion - The company established wholly-owned subsidiaries in Malaysia and Turkey to enhance its overseas market presence[44]. - Ruijie Networks plans to invest 2 million Malaysian Ringgit to establish a wholly-owned subsidiary in Kuala Lumpur, Malaysia[124]. - The establishment of subsidiaries in overseas markets is part of the company's strategy to expand its international presence[124]. Risks and Challenges - The company has outlined potential risks in its future development in the report[6]. - There is a risk of goodwill impairment due to investments in acquisitions, such as Deming Communications, which could adversely affect the company's financial results if economic conditions change or if the acquired company's performance does not meet expectations[93]. - The company has a high customer concentration and strong seasonality, particularly in the fourth quarter, which may significantly impact business if client strategies or relationships change[91]. Shareholder Information - The total number of shares after the recent changes is 583,280,278, with 91.57% being unrestricted shares[130]. - The largest shareholder, Fujian Provincial Electronic Information Group Co., Ltd., holds 26.88% of the shares, totaling 156,781,950 shares[171]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[176]. Dividend Policy - The company plans not to distribute cash dividends or issue bonus shares[7]. - The company did not distribute cash dividends or issue bonus shares for the half-year period[97]. Legal and Compliance - There were no significant legal disputes or arbitration matters during the reporting period[102]. - The half-year financial report has not been audited, indicating a potential area of concern for investors[199].

Financial Performance - The company's operating revenue for the first half of 2017 was ¥2,386,430,791.60, representing a 27.24% increase compared to ¥1,875,525,293.92 in the same period last year[27]. - The net profit attributable to shareholders of the listed company was ¥50,792,823.59, up 31.83% from ¥38,529,506.46 in the previous year[27]. - The net profit after deducting non-recurring gains and losses was ¥30,423,131.64, which is a 10.63% increase from ¥27,501,091.02 in the same period last year[27]. - The basic earnings per share increased to ¥0.0942, reflecting a growth of 31.75% compared to ¥0.0715 in the previous year[27]. - Operating profit increased to RMB 43,853,890.87, a significant improvement of 954.11% compared to a loss of RMB 5,134,428.80 in the same period last year[46]. - The company reported a decrease in total profit of RMB 70,573,549.14, down 17.54% from the previous year[46]. - The expected net profit for the period from January to September 2017 is projected to be between ¥19,373.64 million and ¥22,896.12 million, representing a growth range of 10.00% to 30.00%[77]. - The company’s cash flow from operating activities showed a significant improvement, contributing to the overall financial health[192]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,228,493,165.19, a decrease of 9.07% from ¥5,749,733,120.05 at the end of the previous year[27]. - The net assets attributable to shareholders of the listed company were ¥2,879,806,393.37, showing a slight decrease of 0.11% from ¥2,883,080,508.01 at the end of the previous year[27]. - The company's cash and cash equivalents decreased by 63.51% compared to the beginning of the year, primarily due to a reduction in bank deposits[37]. - Total current assets decreased from CNY 4,448,237,244.06 to CNY 3,890,676,571.69, a decline of approximately 12.5%[176]. - Total liabilities decreased from CNY 2,049,124,253.06 to CNY 1,678,006,667.02, a reduction of about 18.1%[179]. Cash Flow - The net cash flow from operating activities was -¥702,174,949.60, which is a 32.96% increase in cash outflow compared to -¥528,102,113.00 in the same period last year[27]. - The net cash flow from operating activities decreased to -¥702,174,949.60, a decline of 32.96% from -¥528,102,113.00 in the previous year, primarily due to increased cash payments for procurement and employee compensation[51]. - Cash and cash equivalents dropped significantly from CNY 2,001,011,862.33 to CNY 730,082,099.65, a decrease of about 63.5%[173]. Investments and Acquisitions - The company completed the acquisition of 40% equity in subsidiary Sheng Teng Information for a transfer price of 54.5 million yuan[98]. - The acquisition of 48.15% equity in subsidiary Xing Wang Shi Yi was completed for a transfer price of 48.2 million yuan[98]. - The total transaction price for both acquisitions amounted to 102,700 million RMB[119]. - The company did not engage in any significant equity or non-equity investments during the reporting period[64]. Research and Development - Research and development expenses amounted to ¥362,316,725.45, reflecting a significant investment in innovation[51]. - The company plans to maintain a competitive edge by enhancing internal product line collaboration and focusing on integrated solutions in enterprise networks, cloud computing, and smart communications[81]. Market Performance - The company launched various smart solutions, including smart networks and smart cloud services, which received high user recognition and contributed to steady revenue growth[46]. - Revenue from network terminal products increased by 30.31% to ¥268,418,685.22, driven by higher sales to financial industry clients[54]. - The company experienced a 46.88% increase in revenue from international markets, totaling ¥552,572,058.13, attributed to higher exports of communication and network terminal products[59]. Risks and Challenges - The company faces risks related to macroeconomic policies, technology updates, intensified competition, rising production costs, and talent shortages, and has strategies in place to mitigate these risks[82]. - The company emphasizes that forward-looking statements do not constitute substantive commitments to investors, urging caution regarding investment risks[6]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 31,304[143]. - The largest shareholder, Fujian Electronic Information (Group) Co., Ltd., holds 28.00% of shares, totaling 150,931,950 shares[146]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[154]. Miscellaneous - The company did not distribute cash dividends or issue bonus shares[7]. - There are no significant litigation or arbitration matters during the reporting period[91]. - The company's semi-annual report for 2017 has not been audited[87].