Star-net(002396)2023-10-26 16:00Financial Performance - The company's operating revenue for the current period is ¥4,082,712,406.87, a decrease of 0.99% compared to the same period last year[31]. - Net profit attributable to shareholders is ¥104,528,776.08, reflecting a significant decline of 56.38% year-over-year[31]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is ¥100,193,754.95, down 53.84% from the previous year[31]. - The company reported a net profit of ¥352,862,501.24 for the current period, down from ¥792,826,922.29, indicating a decline of 55.54%[48]. - The net profit for the current period is approximately ¥513.18 million, a decrease from ¥833.00 million in the previous period, representing a decline of about 38.5%[59]. - The total comprehensive income for the current period is approximately ¥521.27 million, compared to ¥837.25 million in the previous period, indicating a decrease of around 37.8%[59]. - The basic and diluted earnings per share for the current period are both ¥0.5175, down from ¥0.9451 in the previous period, reflecting a decline of approximately 45.4%[59]. Cash Flow - The cash flow from operating activities shows a significant improvement, with a net amount of ¥433,349,632.41, an increase of 709.69% compared to the same period last year[31]. - Net cash flow from operating activities increased by 709.69% year-on-year, driven by higher cash inflows from sales of goods and services[40]. - Cash inflow from operating activities is approximately ¥11.54 billion, down from ¥13.35 billion in the previous period, a decrease of about 13.5%[61]. - The net cash flow from operating activities is approximately ¥433.35 million, a significant improvement from a negative cash flow of ¥71.08 million in the previous period[61]. - Cash outflow for purchasing goods and services is approximately ¥6.20 billion, down from ¥9.29 billion in the previous period, a decrease of about 33.3%[61]. - Net cash flow from investing activities improved by 44.27% compared to the previous year, mainly due to reduced cash outflows for fixed asset purchases[41]. - The net cash flow from investment activities is approximately -¥254.33 million, an improvement from -¥456.36 million in the previous period, indicating a reduction in cash outflow[61]. - The company received approximately ¥269.17 million in tax refunds, down from ¥306.82 million in the previous period, a decrease of about 12.3%[61]. - Net cash flow from financing activities decreased by 174.87% year-on-year, primarily due to lower net cash inflows from short-term bank loans[41]. Assets and Liabilities - Total assets at the end of the period amount to ¥13,634,937,405.55, representing a 1.51% increase from the previous year-end[31]. - The total assets as of September 30, 2023, amounted to approximately 14.69 billion, an increase from 14.48 billion at the beginning of the year[46]. - The company's accounts receivable increased by 48.88% to ¥2,504,505,385.01, attributed to higher sales revenue[35]. - The balance of receivables financing rose by 136.73% to ¥148,246,147.16, driven by increased receivables from major subsidiaries[35]. - The total liabilities decreased slightly to ¥5,758,384,137.19 from ¥5,792,420,818.91, indicating a reduction of approximately 0.58%[47]. - The total equity increased to ¥8,936,397,189.90, up from ¥8,683,346,119.37, reflecting a growth of 2.91%[47]. - The company's cash and cash equivalents decreased by 238.49% year-on-year, mainly due to reduced net cash flow from financing activities[41]. Investments and Expenses - The investment income rose by 227.72% compared to the same period last year, mainly due to the non-same control merger with Kaimi Network[16]. - Research and development expenses increased to ¥1,834,394,371.09, compared to ¥1,484,876,578.63, marking a growth of 23.52%[48]. - The company's long-term deferred expenses increased by 77.04% compared to the beginning of the year, due to increased renovation costs of the office park by a subsidiary[15]. - The company's long-term equity investment decreased by 44.47% to ¥123,862,275.36, as the company consolidated its control over KaiMi Network[35]. - The fair value change income decreased by 147.86% compared to the same period last year, primarily due to a reduction in the fair value change of non-listed equity assets[40]. - Credit impairment losses increased by 35.58% year-on-year, attributed to higher provisions for bad debts on receivables and notes[40]. Other Key Developments - The company has implemented a new accounting policy effective January 1, 2023, regarding deferred income tax related to individual transactions[4]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[49]. - The company reported a significant increase in asset disposal income by 80.92% compared to the previous year, due to higher gains from the disposal of right-of-use assets[40]. - The company has not yet audited the third-quarter report for 2023[63].