Financial Performance - Net profit attributable to shareholders was CNY -71,109,007.08, representing a decline of 169.02% year-on-year[10] - Operating revenue for the first nine months was CNY 1,338,796,930.95, down 24.79% compared to the same period last year[10] - The company reported a net loss of CNY 8,621,388.29 for the period, contrasting with a profit of CNY 271,070.64 in the previous year[48] - Total operating revenue for Q3 2020 was approximately ¥553.36 million, a decrease of 20% compared to ¥690.36 million in Q3 2019[52] - Net profit for Q3 2020 was approximately ¥8.84 million, compared to a net loss of ¥110.24 million in Q3 2019, indicating a significant turnaround[53] - The company reported a basic earnings per share of ¥0.0351 for Q3 2020, compared to a loss per share of ¥0.2606 in Q3 2019[54] - The company achieved a gross profit margin of approximately 0.12% in Q3 2020, compared to 0.05% in Q3 2019[52] - The company reported a decrease in sales revenue from 1,662,351,081.89 RMB in the first nine months of 2019 to 1,394,788,204.74 RMB in the same period of 2020[60] Cash Flow and Liquidity - The net cash flow from operating activities improved by 19.25% year-on-year, amounting to CNY -72,876,546.42[10] - Cash flow from investing activities increased by 100.41% compared to the same period last year, mainly due to cash payments for acquiring subsidiaries[28] - Cash flow from financing activities increased by 140.01% compared to the same period last year, driven by an increase in bank loans[28] - Cash inflow from operating activities totaled 1,448,956,711.04 RMB in Q3 2020, down from 1,710,689,016.45 RMB in Q3 2019[61] - Cash outflow from operating activities was 1,521,833,257.46 RMB in Q3 2020, compared to 1,800,942,499.71 RMB in Q3 2019[61] - The net cash flow from investing activities was 291,639.54 RMB in Q3 2020, a recovery from -71,410,138.83 RMB in Q3 2019[62] - The net cash flow from financing activities was 124,060,619.90 RMB in Q3 2020, compared to -310,084,060.91 RMB in Q3 2019[62] - The cash and cash equivalents at the end of Q3 2020 were 701,307,713.24 RMB, up from 361,151,792.77 RMB at the end of Q3 2019[62] - The company reported a cash balance of 372,994,634.20 RMB at the end of the period, up from 32,805,711.35 RMB at the beginning[67] - The net increase in cash and cash equivalents for the period was 340,188,922.85 RMB, compared to a decrease of -27,016,689.63 RMB in the previous period[67] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,656,827,890.83, a decrease of 2.01% compared to the end of the previous year[9] - Current liabilities totaled CNY 1,763,059,282.15, an increase from CNY 1,691,517,887.99 in the previous period[43] - The company's total liabilities reached CNY 1,782,422,661.13, compared to CNY 1,711,017,210.80 previously, indicating a rise in financial obligations[43] - Shareholders' equity attributable to the parent company decreased to CNY 789,706,132.25 from CNY 915,066,387.43[44] - The company's total current assets decreased from RMB 1.57 billion at the end of 2019 to RMB 1.48 billion as of September 30, 2020[41] - The company's goodwill increased from RMB 226.2 million at the end of 2019 to RMB 307.8 million as of September 30, 2020[41] - The total liabilities and shareholders' equity amounted to CNY 2,656,827,890.83, consistent with total assets[44] - The company’s total liabilities amounted to 1,711,017,210.80 RMB, with current liabilities at 1,691,517,887.99 RMB and non-current liabilities at 19,499,322.81 RMB[73] Shareholder Information - As of the end of the reporting period, the total number of shareholders was 14,374[16] - The top shareholder, Shanghai Jiao Tong University Industry Investment Management (Group) Co., Ltd., held 31,903,233 shares, accounting for 11.13% of total shares[17] - As of September 30, 2020, Shanghai Jiaotong University Industrial Investment Management (Group) Co., Ltd. and its concerted action party held a total of 50,390,963 shares, accounting for 17.59% of the total share capital[19] - Shanghai Changjia Investment Co., Ltd. and its concerted action party held a total of 49,272,004 shares, accounting for 17.19% of the total share capital as of September 30, 2020[20] - As of September 30, 2020, China International Capital Corporation and its concerted action party held a total of 66,437,019 shares, accounting for 23.19% of the total share capital[21] Operational Impact - The company experienced a significant impact on revenue due to nearly 5 months of offline education business suspension caused by the COVID-19 pandemic[11] - The company has resumed normal operations since June, with a gradual recovery in revenue[11] - The company anticipates a cumulative net profit loss for 2020 due to multiple factors including the COVID-19 pandemic[36] Investments and Expenditures - Development expenditures increased by 162.38% compared to the beginning of the year, attributed to increased spending on internal R&D projects[25] - The company acquired a portion of the equity of Chungdahm Learning, Inc., indicating ongoing market expansion efforts[28] - The company acquired 432,007 shares of CDL, representing 5.63% of CDL's total equity, for a transaction amount of RMB 40 million[29] - The company invested RMB 149 million as a limited partner to jointly establish Tianjin Jinmao Angli Venture Capital Partnership[30] - The company agreed to invest RMB 29 million to jointly establish Yicun Angli Education Industry Fund[31] - The company’s wholly-owned subsidiary acquired 28% of Shanghai Zhian Investment Consulting Co., Ltd. for RMB 18 million[32] - The company plans to increase capital in its wholly-owned subsidiary Shanghai Sumitomo Property Co., Ltd. by RMB 105 million[33] - The company provided a loan of RMB 113 million to Sailin Qiyu for operational liquidity and repayment of part of acquisition loans[35]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 785,435,448, a decrease of 27.92% compared to CNY 1,089,697,553.76 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was a loss of CNY 80,161,563.29, representing a decline of 260.12% from a profit of CNY 50,061,996.92 in the previous year[17]. - The net cash flow from operating activities decreased by 43.25%, amounting to a loss of CNY 195,946,477.45, compared to a loss of CNY 136,785,497.33 in the same period last year[17]. - The basic earnings per share for the first half of 2020 was -CNY 0.2938, down 268.17% from CNY 0.1747 in the previous year[17]. - The total assets at the end of the reporting period were CNY 2,508,013,907.75, a decrease of 7.50% from CNY 2,711,382,027.57 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company decreased by 11.67%, totaling CNY 808,290,902.36 compared to CNY 915,066,387.43 at the end of the previous year[17]. - The company reported a total comprehensive loss of ¥119,269,391.45 for the first half of 2020, compared to a comprehensive income of ¥16,591,508.67 in the same period of 2019[126]. - The company reported a net loss of ¥2,936,510.69 compared to a profit of ¥271,070.64 in the previous period[121]. - The net profit for the first half of 2020 was a loss of ¥119,078,931.22, compared to a net profit of ¥27,840,481.22 in the same period of 2019, indicating a significant decline in profitability[125]. Impact of COVID-19 - The company experienced a complete halt in offline business operations for nearly 5 months due to COVID-19, leading to a substantial decline in revenue[18]. - The COVID-19 pandemic significantly impacted the company's operations, leading to a complete halt of offline education until late June, necessitating a rapid transition to online education[29][30]. - The company reported a significant increase in fixed costs due to the pandemic, impacting profitability despite a shift to online courses[18]. - Online business revenue during the pandemic reached 393 million RMB, indicating a shift to online services[32]. - The company implemented cost control measures and sought government support to mitigate the financial impact of the pandemic, including negotiating rent reductions[30]. - The company faced risks related to prolonged impacts from the pandemic, affecting offline education business recovery and increasing operational costs for online platforms[50]. Business Operations and Strategy - The company operates in K12 education, vocational education, and international education, providing a comprehensive range of educational services including extracurricular academic education and vocational skills training[23][24]. - The company is actively pursuing an OMO (Online-Merge-Offline) model to integrate online and offline education, enhancing its service delivery and operational efficiency[30]. - The company has developed four major product lines, including comprehensive tutoring, personalized learning, ESL/quality education, and online products, to enhance its educational offerings[26]. - The company plans to enhance product capabilities, technology empowerment, talent development, and marketing transformation to mitigate pandemic impacts[32]. - The company recognizes the need to strengthen its market presence outside of Shanghai, where it currently has a relatively weak position[62]. Financial Management and Investments - The company increased bank loans by 125 million RMB during the reporting period, while cash flow from financing activities was 105.37 million RMB[34]. - The company recognized a gain of 35.46 million RMB from the sale of properties to Nissin Foods, contributing to non-operating income[36]. - The company reported a total cash outflow of 34,448,043.09 RMB in financing activities, a significant reduction from 283,967,219.29 RMB previously, indicating improved financial management[135]. - The company reported a total cash inflow from investment activities of 248,602,270.82 RMB, while cash outflow was 90,949,551.78 RMB, resulting in a net cash flow of 157,652,719.04 RMB, a significant improvement from -49,068,825.75 RMB previously[132]. - The company plans to use the proceeds from the private placement to expand its existing education training business and alleviate funding issues[62]. Compliance and Governance - The company has not reported any significant risks or non-compliance issues during the reporting period[7]. - The company received a disciplinary notice from the Shanghai Stock Exchange on May 6, 2020, due to violations in information disclosure and inaccurate performance forecasts for 2018[69]. - The company has implemented a comprehensive review of past external investment projects and updated internal management systems to strengthen compliance and risk management since 2019[70]. - The company has established a compliance and risk control department to enhance its operational legal support and risk prevention systems[70]. - The company will ensure that all related transactions are conducted in accordance with the principles of fairness and transparency[59]. Shareholder Information - The total number of shares outstanding is 286,548,830, with 90.41% being unrestricted circulating shares[84]. - The largest shareholder, Shanghai Jiao Tong University Industry Group, holds 33,688,233 shares, accounting for 11.76% of the total shares[91]. - The company has a total of 12 subsidiaries under its consolidated financial statements as of June 30, 2020[154]. - The company completed the first phase of acquiring 432,007 shares of CDL Company, representing 5.63% of its total equity, for a transaction amount of RMB 40 million[43]. - The company has committed compensation responsibilities based on the relative shareholding proportions, with 42.3854% for Shanghai Jiao Tong University Management Center, 29.71% for Qiran Education, 13.4410% for Luo Huiyun, 8.4006% for Liu Changke, and 6.0630% for Lin Tao[66]. Accounting and Financial Reporting - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial statements reflect a true and complete picture of its financial status[159]. - The company implemented changes to its accounting policies effective from January 1, 2020, in accordance with the revised "New Revenue Standards" without significant impact on financial results[79]. - The company has not reported any major litigation or arbitration matters during the reporting period[69]. - The company reported no major accounting errors that required retrospective restatement during the reporting period[81]. - The company’s accounting period runs from January 1 to December 31 each year, aligning with standard fiscal practices[160].

Financial Performance - In 2019, the company achieved a net profit of ¥54,154,723.85, with the parent company's net profit at ¥21,710,783.80[15] - The company's operating revenue for 2019 was CNY 2,391,323,310.58, representing a 14.12% increase compared to CNY 2,095,460,894.88 in 2018[30] - The net profit attributable to shareholders for 2019 was CNY 54,154,723.85, a significant turnaround from a loss of CNY 266,767,558.21 in 2018, marking a 120.30% increase[30] - The net cash flow from operating activities for 2019 was negative at CNY -86,169,482.06, a decline of 160.70% compared to CNY 141,963,984.72 in 2018[30] - The basic earnings per share for 2019 was CNY 0.1944, a recovery from a loss of CNY -0.9310 in 2018, reflecting a 120.88% increase[32] - The weighted average return on equity for 2019 was 4.96%, an increase of 23.85 percentage points from -18.89% in 2018[32] - The company reported a quarterly revenue of CNY 690,355,850.32 in Q3 2019, indicating strong performance during that period[34] - The net profit attributable to shareholders in Q4 2019 was negative at CNY -48,878,021.08, highlighting challenges faced in the last quarter[34] Strategic Focus and Business Development - The company plans to focus on K12 education training as its core business and aims to enhance product development and teacher training[5] - The company is implementing a five-year strategic transformation plan, targeting a valuation of ¥10 billion[5] - The company aims to build a comprehensive product strategy, including product combinations, pricing systems, and performance models[6] - The company plans to strengthen its talent development system to ensure the successful implementation of its strategic goals[7] - The company plans to continue expanding its educational offerings, focusing on innovative products and quality teaching services to meet the growing demand for education in China[23] - The company aims to enhance its product offerings by focusing on four major product series: comprehensive tutoring, personalized learning, ESL/quality education, and online products[43] - The company is actively exploring a hybrid learning model that combines online education with physical institutions to innovate its educational services[43] - The company’s strategic focus includes a five-year plan (2020-2024) emphasizing "one core and two wings" development strategy, integrating education training with national expansion and technology empowerment[47] Market Position and Expansion - The company operates in the education training sector, focusing on K12 education, vocational education, and international education, with a comprehensive product line covering academic tutoring and quality enhancement[40] - The company operated 302 direct teaching centers and over 1,000 partner schools across the country, enhancing its market presence in the K12 education sector[23] - The K12 business segment reported revenue of RMB 1.824 billion, a growth of 16.56%, with a net profit of RMB 67.86 million[48] - The company completed the acquisition of a stake in Shanghai Yulun Education Technology Development Co., enhancing its international education business and creating new profit growth points[51] - The company plans to accelerate its expansion into lower-tier cities, leveraging online education to address the shortage of quality teaching resources in these areas[84] Challenges and Risks - The company emphasizes cost control and efficiency improvement, aiming to reduce losses and increase operational safety[5] - The company has a strong financial foundation and organizational resilience, which it believes will help it navigate the challenges posed by the pandemic[9] - The education training market in China continues to grow, driven by capital and market forces, with an emphasis on service quality improvement amid strict regulations and intense competition[41] - In 2019, the company faced significant risks due to strict regulatory policies in the education sector, which emphasized compliance and effective management[88] Shareholder and Governance Matters - The company will not distribute profits for the year 2019 and will not increase capital reserves through stock conversion[15] - The company has implemented measures to protect the rights of minority shareholders during the profit distribution plan voting process[94] - Shanghai Jiao Tong University Industry Investment Management Group holds a 23.92% stake in New South Ocean, making it the controlling shareholder[102] - The company commits to avoiding substantial related-party transactions with New South Ocean, adhering to fair and transparent principles[101] - The company has no controlling shareholder or actual controller as of January 31, 2019, following a change in its shareholding structure[162] Investment and Financial Management - The company has invested RMB 1,105,198,096 in bank wealth management products, with an outstanding balance of RMB 355,500,000[139] - The company has authorized a maximum of RMB 800 million (including RMB 800 million) of its own funds to purchase low-risk, liquid financial products, with at least 70% of the total amount allocated for such purchases[141] - The company plans to use the funds raised from the private placement primarily for the expansion of its existing education training business and the development of vocational education, addressing funding challenges faced by the business[108] Human Resources and Management - The company employed a total of 7,171 staff, including 240 in the parent company and 6,931 in major subsidiaries[190] - The company has a total of 5 PhD holders, 460 master's degree holders, and 3,985 bachelor's degree holders among its employees[192] - The company has implemented a salary policy that combines base salary with performance incentives, linking employee income to company performance[193] - The company has a diverse workforce with various professional roles, including 2,591 teaching staff and 513 marketing personnel[190] Future Outlook and Projections - The company provided guidance for the next quarter, projecting revenue growth of 10% to 12%[179] - New product launches are expected to contribute an additional 200 million in revenue over the next year[179] - The company is considering strategic acquisitions to bolster its market position, with a budget of 100 million allocated for potential deals[179] - The company anticipates that the next few years will be critical for reshaping its industry position amid increasing competition and evolving market demands[83]

Financial Performance - Operating revenue fell by 27.76% to CNY 392,898,049.44 year-on-year due to the impact of the pandemic[9] - Net profit attributable to shareholders decreased by 165.87% to a loss of CNY 18,158,271.00 compared to the same period last year[9] - Basic earnings per share dropped by 165.9% to -CNY 0.0634[9] - The company's operating revenue for the first quarter of 2020 was 39,289.80 million RMB, a decrease of 27.76% compared to the previous year, primarily due to the impact of the COVID-19 pandemic on offline teaching[23] - Net profit for Q1 2020 was a loss of ¥32,326,019.45, compared to a profit of ¥17,839,898.16 in Q1 2019, indicating a significant decline[45] - Total revenue for Q1 2020 was ¥392,898,049.44, a decrease of 27.7% compared to ¥543,862,096.15 in Q1 2019[44] - Total operating costs for Q1 2020 were ¥475,704,105.82, down from ¥532,541,325.92 in Q1 2019, reflecting a reduction of 10.6%[44] - The total comprehensive income for Q1 2020 was -760,365.34 RMB, compared to -3,952,995.13 RMB in Q1 2019, showing an improvement in comprehensive loss by approximately 80.8%[50] Cash Flow and Liquidity - Net cash flow from operating activities improved by 26.26% to a negative CNY 198,691,983.61, reflecting cost control measures[10] - The net cash flow from operating activities was -198,691,983.61 RMB in Q1 2020, an improvement from -269,447,102.83 RMB in Q1 2019, showing a reduction in cash outflow by approximately 26.2%[54] - The company’s cash inflow from financing activities was 20,932,465.25 RMB in Q1 2020, a turnaround from a cash outflow of -74,086,652.31 RMB in Q1 2019[54] - The company maintained a strong liquidity position with a net increase in cash and cash equivalents of approximately ¥268.00 million during the quarter[57] - The company reported a net cash flow from investment activities of 21,192.00 million RMB, an increase of 32.40% compared to the previous year[24] - The company’s total operating cash outflow was 550,854,068.07 RMB in Q1 2020, down from 707,519,832.29 RMB in Q1 2019, indicating a decrease of about 22.1%[54] Assets and Liabilities - Total assets decreased by 9.22% to CNY 2,461,396,984.79 compared to the end of the previous year[8] - As of March 31, 2020, total assets amounted to approximately 2.46 billion RMB, down from 2.71 billion RMB at the end of 2019[34] - Current liabilities totaled approximately 1.47 billion RMB, a decrease from 1.69 billion RMB at the end of 2019[35] - Total liabilities rose to ¥1,103,161,553.20 in Q1 2020, compared to ¥966,532,961.50 in Q1 2019, marking an increase of 14.1%[40] - The total current liabilities were approximately ¥1.69 billion, with accounts payable amounting to ¥103.50 million[61] Shareholder Information - As of March 31, 2020, the largest shareholder, Jiaoda Industrial Group, and its action-in-concert entity held 54,731,463 shares, accounting for 19.10% of the total share capital[17] - Longjia Investment and its action-in-concert entities held 49,272,004 shares, representing 17.19% of the total share capital as of March 31, 2020[18] - As of March 31, 2020, the total shares held by Zhongjin Group and its action-in-concert entities amounted to 65,164,419 shares, representing 22.74% of the total share capital[19] Strategic Initiatives - The company accelerated the transition to online education, which helped stabilize operations during the pandemic[10] - The company reported a significant increase in online teaching investment and promotion efforts to adapt to the changing market conditions[10] - The company is actively seeking rent reductions and deferred payment policies to manage fixed costs during the pandemic[10] - The company is focusing on integrating internal resources, controlling costs, and enhancing online teaching platforms to mitigate pandemic impacts[27] - The company plans to adjust the acquisition of shares in CDL Company and establish a new joint venture for further cooperation[26] Government Support - The company received government subsidies amounting to 1,441.99 million RMB, an increase of 107.41% compared to the previous year[23] Research and Development - Research and development expenses for Q1 2020 were ¥4,120,439.26, an increase from ¥3,638,629.82 in Q1 2019, indicating a focus on innovation[44]

Financial Performance - Operating revenue increased by 12.77% year-on-year to CNY 1,780,053,404.08[10] - Net profit attributable to shareholders increased by 6.72% year-on-year to CNY 103,032,744.93[10] - Basic earnings per share increased by 6.74% year-on-year to CNY 0.3596[10] - Weighted average return on equity increased by 3.79 percentage points to 9.86%[10] - Total operating revenue for Q3 2019 reached ¥690.36 million, a 12.16% increase from ¥615.50 million in Q3 2018[45] - Net profit for Q3 2019 was ¥51.16 million, representing a 5.73% increase compared to ¥48.32 million in Q3 2018[46] - The company reported a net profit of ¥294,123,643.17 for the period, compared to ¥73,608,505.31 in the previous year, indicating a significant increase[38] - Total operating revenue for the first three quarters of 2019 was ¥1.78 billion, a 12.74% increase from ¥1.58 billion in the same period of 2018[45] Asset and Liability Changes - Total assets decreased by 12.99% year-on-year to CNY 2,753,498,300.68[10] - Total liabilities increased significantly, with accounts payable rising by 115.64% to RMB 2,950.00 million, reflecting increased use of notes for payment[24] - The company's cash and cash equivalents decreased by 55.20% from the beginning of the year, totaling RMB 37,640.18 million, primarily due to stock repurchases and changes in revenue collection policies[22] - The total current assets as of September 30, 2019, amounted to approximately 1.51 billion RMB, down from 2.18 billion RMB at the end of 2018[35] - The total liabilities amounted to 1,862,178,748.49 RMB, with current liabilities comprising 1,727,010,189.49 RMB[63] - The total assets were reported at 3,164,461,373.49 RMB, with current assets totaling 2,177,082,722.18 RMB[62] Cash Flow Analysis - Net cash flow from operating activities decreased by 141.86% year-on-year to -CNY 90,253,483.26[10] - The net cash flow from investing activities increased by 51.88% year-on-year, totaling -71.41 million RMB, attributed to an increase in the redemption of bank wealth management products[26] - Cash flow from operating activities for the first nine months of 2019 was CNY -90,253,483.26, compared to CNY 215,618,679.71 in the same period of 2018[54] - Cash inflow from investment activities for the first nine months of 2019 was CNY 273,699,064.68, significantly higher than CNY 41,122,986.30 in the previous year[55] - Cash flow from financing activities for the first nine months of 2019 resulted in a net outflow of CNY -310,084,060.91, compared to a net inflow of CNY 33,661,871.79 in the same period last year[55] Shareholder Information - The total number of shareholders reached 12,136[14] - The largest shareholder, Shanghai Jiao Tong University Industry Investment Management (Group) Co., Ltd., holds 12.13% of shares[14] - As of September 30, 2019, Shanghai Longjia Investment Co., Ltd. and its concerted actors held a total of 49,272,004 shares, accounting for 17.19% of the total share capital[18] - The company plans to continue its stock repurchase program, which has already resulted in the repurchase of 13,700,040 shares, accounting for 4.78% of the total share capital[20] Government Subsidies and Other Income - Government subsidies recognized in the current period amounted to CNY 13,035,678.00[12] - The company's other income increased by 39.57% year-on-year, totaling RMB 1,786.41 million, mainly due to higher government subsidies[25] Investment and Acquisitions - The company agreed to acquire 51% of Shanghai Yulun Education Technology Development Co., Ltd. for 85.17 million RMB, with a total valuation of 167 million RMB[27] - The company provided a loan of 113 million RMB to Shanghai Sailin Flag Education Management Consulting Center to support the normal operations of the UK Astrum Group[27] Research and Development - The company's development expenditures increased by 148.47% from the beginning of the year, reaching RMB 2,263.93 million, attributed to increased R&D investments in educational training projects[22] - Research and development expenses for Q3 2019 totaled ¥4.26 million, a 13.36% increase from ¥3.76 million in Q3 2018[45] Comprehensive Income - Other comprehensive income showed a loss of ¥91,171,273.25 compared to a gain of ¥25,331,975.25 in the previous year[38] - The total comprehensive income for Q3 2019 was ¥51.78 million, compared to ¥46.33 million in Q3 2018, indicating an increase of 11.00%[47]

2019 年 9 月 19 日 证券代码：600661 股票简称：昂立教育 编号：临 2019-087 上海新南洋昂立教育科技股份有限公司 关于参加上海辖区上市公司投资者集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏,并对其内容的真实性、准确性和完整性承担个别及连带责任。 | --- | |--------------------------------------------------------------------------------------| | | | 为进一步加强与投资者的互动交流工作，上海新南洋昂立教育科技股份有限公司 | | （以下简称"公司"）将参加由上海上市公司协会、上证所信息网络有限公司共同举 | | 办的" 2019 年上海辖区上市公司投资者集体接待日"活动，现将有关事项公告如下： | | 本次集体接待日活动将在上证所信息网络有限公司提供的平台，采取网络远程的 | | 方式举行，投资者可以登录"上证路演中心"网站（ http://roadshow.sseinfo.com | | 或关注微信公众号：上证路演中心（ sse ...

Financial Performance - The company's operating revenue for the first half of 2019 was approximately RMB 1.09 billion, representing a 13.16% increase compared to the same period last year[18]. - The net profit attributable to shareholders for the first half of 2019 was approximately RMB 50.06 million, an increase of 5.36% year-on-year[18]. - The basic earnings per share for the first half of 2019 was RMB 0.1747, up 5.37% from RMB 0.1658 in the same period last year[18]. - The weighted average return on equity increased to 4.22%, up 1.20 percentage points from 3.02% in the previous year[18]. - The company achieved a revenue of CNY 1.09 billion in the first half of 2019, representing a year-on-year increase of 13.16%[28]. - The net profit attributable to shareholders was CNY 50.06 million, with the education training segment generating CNY 940 million, up 12.7% year-on-year, accounting for 86.31% of total revenue[28]. - K12 education business revenue reached CNY 837 million, growing by 15.3% year-on-year, with a net profit of CNY 42.74 million[29]. - The company reported a significant increase in other income to CNY 13,723,049.65 from CNY 10,207,105.00 year-over-year, reflecting a growth of 34.8%[134]. - The net profit for the first half of 2019 was CNY 27,840,481.22, down 33.5% from CNY 41,869,585.39 in the first half of 2018[137]. - The total profit for the first half of 2019 was CNY 46,655,876.50, a decrease of 13.5% compared to CNY 53,933,484.84 in the previous year[137]. Cash Flow and Financial Position - The net cash flow from operating activities was negative RMB 136.79 million, a decrease of 180.03% compared to a positive cash flow of RMB 170.91 million in the same period last year[18]. - The company’s investment activities generated a net cash inflow of CNY 22.11 million, attributed to increased redemptions of financial products[33]. - Cash and cash equivalents decreased by 51.40% to ¥40,837.64 million, primarily due to slower cash inflow from fee policies and increased cash outflow from stock buybacks and acquisitions[37]. - The total assets at the end of the reporting period were approximately RMB 2.80 billion, down 11.56% from RMB 3.16 billion at the end of the previous year[18]. - The total liabilities as of June 30, 2019, amounted to CNY 1,701,706,594.56, a decrease of 8.6% from CNY 1,862,178,748.49 at the end of 2018[124]. - The total assets as of June 30, 2019, were CNY 2,798,540,341.45, down from CNY 3,164,461,373.49 at the end of 2018, indicating a reduction of 11.6%[124]. - The company's cash and cash equivalents decreased to CNY 6,303,832.63 from CNY 28,938,283.70 at the end of 2018, representing a decline of 78.2%[126]. - The total current assets were reported at approximately CNY 1.64 billion, down from CNY 2.18 billion, indicating a decrease of about 24.5%[118]. Operational Developments - The company expanded its teaching centers by adding 41 new locations and relocating 13, bringing the total to 290 centers across regions like Shanghai and Jiangsu[29]. - The company completed the acquisition of the Kaidun English project, enhancing its early childhood education resources and extending its product offerings[29]. - The company initiated a five-year strategic plan (2020-2024) focusing on integrating business units and expanding nationally while leveraging technology[28]. - The company completed the acquisition of 90% of Kaidun Information Technology, with a total investment of ¥14,040.00 million[43]. - The company has established the Shanghai Sailin Jiao Da Education Equity Investment Fund with a total scale of RMB 1.005 billion, with an initial subscribed capital of RMB 502.5 million, of which the company contributed RMB 130 million[80]. Shareholder and Equity Information - The company held two shareholder meetings during the reporting period, both of which passed all resolutions without any objections[55]. - The company has no major litigation or arbitration matters during the reporting period[75]. - The company has no significant changes in the integrity status of its controlling shareholders and actual controllers during the reporting period[75]. - The company has no major related party transactions that have not been disclosed in temporary announcements[79]. - The company has a total of 286,548,830 shares issued as of the reporting date, with a paid-in capital of CNY 286,548,830.00[167]. - The company’s total liabilities and equity at the end of the reporting period were CNY 1,641,039,608.15, indicating a stable financial position[158]. Compliance and Governance - The company did not have any significant risks or violations of decision-making procedures regarding external guarantees[6]. - The company emphasizes the independence of New South Ocean's operations and decision-making[60]. - The company will adhere to relevant laws and regulations to protect the rights of New South Ocean and its shareholders[62]. - The company has assessed potential risks related to the merger loan and has made adequate provisions for asset impairment, indicating that the impact on 2019 profits will be minimal[52]. - The company has changed its accounting policy effective January 1, 2019, in accordance with new financial instrument standards, which will not affect the financial indicators for 2018[86]. Strategic Initiatives - The company plans to repurchase shares with a total fund of no less than RMB 200 million and no more than RMB 400 million, with a maximum price of RMB 30.06 per share[77]. - The company acknowledges the strategic significance of the private placement for future development and market opportunities in the education training sector[70]. - The company aims to leverage the support from new investors for business expansion, asset integration, and resource allocation[70]. - The company is facing increasing competition in the education training market, necessitating strategic funding to enhance its market position[70]. - The company has committed to a stock option incentive plan, which is currently under approval by relevant departments[76].

Financial Performance - Net profit attributable to shareholders increased by 53.22% to CNY 27,567,802.03 year-on-year[6] - Operating revenue rose by 21.53% to CNY 543,862,096.15 compared to the same period last year[6] - Basic earnings per share increased by 53.18% to CNY 0.0962[7] - The weighted average return on equity improved by 1.08 percentage points to 2.23%[6] - Net profit for Q1 2019 reached CNY 17,839,898.16, compared to CNY 15,594,304.30 in Q1 2018, representing an increase of 14.4%[42] - Earnings per share for Q1 2019 were CNY 0.0962, up from CNY 0.0628 in Q1 2018, indicating a growth of 53.5%[43] - Total profit for Q1 2019 was 6,808,084.62 RMB, compared to 475,631.22 RMB in Q1 2018, indicating a significant increase[46] - Net profit for Q1 2019 was also 6,808,084.62 RMB, reflecting a strong performance compared to the previous year[46] Cash Flow - The net cash flow from operating activities was negative at CNY -269,447,102.83, a decline of 1,638.69% year-on-year[6] - Cash inflow from operating activities in Q1 2019 was 438,072,729.46 RMB, down from 514,349,801.13 RMB in Q1 2018, showing a decrease of approximately 14.8%[49] - Cash outflow from operating activities in Q1 2019 was 707,519,832.29 RMB, compared to 529,838,067.19 RMB in Q1 2018, representing an increase of about 33.6%[50] - Net cash flow from operating activities for Q1 2019 was -269,447,102.83 RMB, worsening from -15,488,266.06 RMB in Q1 2018[50] - Cash inflow from investing activities in Q1 2019 was 184,280,820.02 RMB, significantly higher than 12,238,753.20 RMB in Q1 2018[50] - Net cash flow from investing activities for Q1 2019 was 160,055,133.75 RMB, a substantial improvement from -99,965,580.61 RMB in Q1 2018[50] - Cash flow from financing activities in Q1 2019 resulted in a net outflow of -74,086,652.31 RMB, compared to -6,052,999.09 RMB in Q1 2018[51] Assets and Liabilities - Total assets decreased by 8.22% to CNY 2,904,262,133.59 compared to the end of the previous year[6] - The company's current assets decreased from RMB 2,177,082,722.18 on December 31, 2018, to RMB 1,902,770,263.14 as of March 31, 2019, representing a decline of approximately 12.6%[30] - The company's total liabilities decreased from RMB 1,862,178,748.49 to RMB 1,673,050,906.82, a reduction of about 10.1%[33] - Total equity decreased from RMB 1,302,282,625.00 to RMB 1,231,211,226.77, a decline of approximately 5.5%[34] - The total assets as of Q1 2019 amounted to CNY 1,608,201,076.73, slightly down from CNY 1,611,711,600.90 at the end of Q4 2018[40] - Total liabilities for Q1 2019 were CNY 583,715,972.19, an increase from CNY 501,775,284.59 in Q4 2018[39] - The company's equity totaled CNY 1,024,485,104.54 in Q1 2019, down from CNY 1,109,936,316.31 in Q4 2018[40] Shareholder Information - The total number of shareholders reached 12,297 at the end of the reporting period[11] - The top shareholder, Shanghai Jiao Tong University Industry Investment Management (Group) Co., Ltd., holds 12.13% of shares[11] - As of March 31, 2019, the largest shareholders, Jiaoda Industrial Group and Jiaoda Management Center, collectively held 62,053,863 shares, representing 21.66% of the total share capital[14] - Longjia Investment and its concerted parties held 49,272,004 shares, accounting for 17.19% of the total share capital as of March 31, 2019[15] - As of March 31, 2019, Zhongjin Group and its concerted parties owned 65,000,119 shares, which is 22.68% of the total share capital[17] Investment and Development - The company reported a non-operating income of CNY 1,171,751.90 during the period[9] - The company's construction in progress increased by 73.87% compared to the beginning of the year, reaching 36.68 million yuan due to equipment upgrades[19] - Development expenditures rose by 37.47% to 12.52 million yuan, attributed to new course development in K12 education[19] - The company has recognized an asset impairment provision of 100 million yuan and a contingent liability of 116 million yuan related to the investment fund established in 2015[24] - The company has not disclosed any new product developments or market expansion strategies in this report[4] Compliance and Commitments - The company has no overdue commitments during the reporting period, indicating compliance with all commitments made[27] - The company has not indicated any significant changes in net profit expectations for the year compared to the previous year[28]

Financial Performance - In 2018, the company reported a net profit attributable to shareholders of -¥266,767,558.21, a decrease of 316.68% compared to the previous year[7]. - The company's operating revenue for 2018 was ¥2,095,460,894.88, representing a year-on-year increase of 21.58%[24]. - The basic earnings per share for 2018 was -¥0.9310, a decline of 306.29% from ¥0.4513 in 2017[24]. - The weighted average return on net assets decreased by 28.63 percentage points to -18.89% in 2018[24]. - The net cash flow from operating activities was ¥141,963,984.72, down 62.47% from ¥378,265,306.01 in 2017[24]. - As of December 31, 2018, the total assets of the company were ¥3,164,461,373.49, a slight increase of 0.19% from the previous year[24]. - The net assets attributable to shareholders decreased by 18.60% to ¥1,270,576,984.24 at the end of 2018[24]. - The company plans not to distribute profits for the year 2018 due to negative retained earnings[7]. Revenue Growth - In Q1 2023, the company reported revenue of approximately RMB 447.52 million, which increased to RMB 615.50 million in Q3 2023, reflecting a growth of 37.5%[26]. - The education training segment generated RMB 1.827 billion in revenue for 2018, with a growth rate of 22.31%, accounting for 87.19% of total revenue[34]. - The K12 education business achieved revenue of 1.565 billion RMB, a year-on-year increase of 24.71%, with a net profit attributable to the listed company of 63.02 million RMB[35]. - The company's total revenue for the reporting period was 2.095 billion RMB, an increase of 21.58% year-on-year, with main business revenue of 2.063 billion RMB, up 20.66%[44]. Strategic Initiatives - The company has established a comprehensive education training service chain, including K12 education, vocational education, international education, and early childhood education[32]. - The company is actively seeking national and international cooperation opportunities to integrate high-quality educational resources and enhance project reserves[34]. - The company has formed a capital management structure to support its dual-driven strategy of internal growth and external expansion[34]. - The company is actively exploring the application of AI technology in education to enhance classroom efficiency and is focusing on strategic cooperation with Korean CDL Company for high-end English training[35]. Investment and Acquisitions - The company established several education industry merger funds, including the Jiaxing Hongli Equity Investment Partnership, to enhance investment capabilities in the education sector[66]. - The company acquired a stake in Chungdahm Learning, Inc., indicating a strategic move to expand its educational offerings[67]. - The company reported a 49% stake in the Jiaxing Hongli Equity Investment Partnership, with a total investment of 10,000 million, of which 4,900 million has been funded[65]. Financial Management - The company recognized an impairment provision of 100 million RMB for available-for-sale financial assets, reducing consolidated net profit by approximately 216 million RMB[58]. - Accounts receivable increased by 61.80%, totaling 10,492.44 million RMB, attributed to unsettled sales transactions[60]. - The company reported a 100% decrease in held-for-sale assets, down to 0 million RMB from 480.05 million RMB[60]. - The company’s short-term borrowings increased by 100%, amounting to 1,115 million RMB, due to new working capital loans for production expansion[61]. Governance and Compliance - The company completed the change of its legal representative from Liu Yuwen to Zhou Chuanyu in February 2019[79]. - The company has undergone name changes and completed the necessary registration with the Shanghai Administration for Industry and Commerce[79]. - The company’s independent directors provided opinions on the annual and semi-annual profit distribution plans, ensuring protection for minority shareholders[86]. - The company emphasizes the importance of transparent information disclosure and adherence to legal procedures in related party transactions[93]. Shareholder Structure - The largest shareholder, Shanghai Jiao Tong University Industry Investment Management (Group) Co., Ltd., holds 34,768,233 shares, representing 12.13% of the total share capital[132]. - Shanghai Jiao Tong University Enterprise Management Center reduced its holdings by 5,730,976 shares, now holding 29,939,716 shares, which is 10.45% of the total[132]. - The top ten shareholders collectively hold 22.65% of the total share capital[137]. Employee and Management - The total number of employees in the parent company and major subsidiaries is 5,926, with 50 retirees[174]. - The company implements a salary policy that links employee income to job responsibilities and performance, with a macro control on annual salary totals based on operational performance[175]. - The company has a diverse educational background among employees, with 8 holding doctoral degrees and 429 holding master's degrees[174]. Social Responsibility - The company actively engages in social responsibility, providing comprehensive insurance for employees and organizing training programs for teachers in remote areas, benefiting 120 teachers annually[127]. - The company maintains a commitment to social responsibility and stakeholder engagement, promoting balanced interests among shareholders, employees, and society[179].

Financial Performance - Operating revenue for the first nine months increased by 21.13% to CNY 1,578,427,517.22 compared to the same period last year[10] - Net profit attributable to shareholders decreased by 19.75% to CNY 96,547,736.68 compared to the same period last year[10] - Basic earnings per share decreased by 19.75% to CNY 0.3369 compared to the same period last year[10] - The weighted average return on equity decreased by 3.99 percentage points to 6.07% compared to the same period last year[10] - The company reported a net profit of CNY 168,169,601.75 for the first nine months of 2018, compared to CNY 111,829,160.27 in the same period last year, representing a growth of about 50.16%[35] - Total operating revenue for Q3 was ¥615,496,352.76, an increase of 20.7% from ¥509,958,185.14 in the same period last year[36] - Net profit for Q3 was ¥48,322,070.05, a decrease of 33.5% compared to ¥72,834,253.28 in the previous year[37] - Total comprehensive income for Q3 was ¥46,328,611.57, down from ¥72,451,339.74 year-over-year, indicating a significant decline in overall profitability[38] Assets and Liabilities - Total assets increased by 9.05% to CNY 3,444,284,709.54 compared to the end of the previous year[9] - Total liabilities increased to CNY 1,740,937,489.82 from CNY 1,544,047,053.93, reflecting a growth of approximately 12.77%[30] - The company's total assets increased, with accounts receivable rising to RMB 106,860.98 million, up from RMB 64,847.23 million, representing a 64.79% increase[21] - Current assets rose to CNY 2,301,886,615.87, up from CNY 2,082,127,254.77, indicating an increase of about 10.55%[28] - Inventory increased to CNY 89,626,368.36 from CNY 76,127,523.77, reflecting a growth of approximately 17.73%[28] - The total current liabilities increased to CNY 1,714,082,784.60 from CNY 1,523,034,793.62, representing a growth of approximately 12.52%[29] Cash Flow - Net cash flow from operating activities increased by 10.94% to CNY 215,618,679.71 compared to the same period last year[10] - The net cash flow from operating activities was 215,618,679.71 RMB, compared to 194,362,985.58 RMB in the previous year[46] - Operating cash flow for the first nine months was 1,779,572,356.33 RMB, an increase from 1,501,651,985.33 RMB year-over-year[45] - The net cash flow from investing activities was -148,391,149.30 RMB, a decrease from -602,020,504.10 RMB year-over-year[46] - The net cash flow from financing activities was 33,661,871.79 RMB, compared to 488,979,896.38 RMB in the previous year[47] Shareholder Information - Total number of shareholders reached 13,230 at the end of the reporting period[14] - The top ten shareholders hold a combined 66.37% of the total shares[14] - The total shareholding of the controlling shareholder, Shanghai Jiao Tong University Industry Investment Management Group, reached 34,976,633 shares, accounting for 12.206% of the total share capital[16] - The company completed a share buyback plan, with Longjia Investment and its concerted parties holding 49,272,004 shares, representing 17.19% of the total share capital[18] Expenses and Investments - The company’s sales expenses for the period were RMB 39,638.30 million, a 35.05% increase compared to RMB 29,350.14 million in the same period last year[23] - Investment income decreased by 61.82% to RMB 2,650.62 million, down from RMB 6,942.07 million year-on-year[23] - The company’s development expenditure increased to RMB 2,253.22 million, a rise of 142.62% compared to the beginning of the year, attributed to increased R&D investment in educational training projects[22] - Research and development expenses for Q3 were ¥3,757,543.19, an increase from ¥3,162,649.45 in the previous year, reflecting a focus on innovation[37] Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[39]