2022 年第三季度报告 证券代码：600730 证券简称：中国高科 中国高科集团股份有限公司 2022 年第三季度报告 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法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、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、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 1 / 16 2022 年第三季度报告 2 / 16 单位：元 币种：人民币 项目 本报告期 上年同期 本报告期比上 年同期增减变 动幅度(%) 年初至报告期末 上年同期 年初至报告期末 比上年同期增减 变动幅度(%) 调整前 调整后 调整后 调整前 调整后 调整后 营业收入 42,499,373.10 18,348,516.79 20,957,971.52 102.78 102,034,229.13 ...

Financial Performance - The company's operating revenue for the first half of 2022 was RMB 59,534,856.03, representing a 1.28% increase compared to RMB 58,779,656.10 in the same period last year[21]. - The net profit attributable to shareholders of the listed company decreased by 64.16% to RMB 5,775,180.68 from RMB 16,114,883.74 in the previous year[21]. - The net cash flow from operating activities was negative at RMB -19,135,321.74, a significant decline from RMB 1,418,603.94 in the same period last year, indicating a decrease of 1,448.88%[21]. - The basic earnings per share dropped by 62.96% to RMB 0.010 from RMB 0.027 in the previous year[22]. - The weighted average return on net assets decreased by 0.53 percentage points to 0.31% from 0.84% in the same period last year[22]. - The net profit attributable to shareholders decreased by 64.16% year-on-year, primarily due to a reduction in non-recurring net profit and a decline in financial market yields, leading to decreased investment income[24]. - The net cash flow from operating activities decreased compared to the same period last year, mainly due to increased procurement expenses and sales R&D personnel compensation[24]. - Earnings per share decreased significantly, reflecting the decline in net profit attributable to shareholders[24]. - The total comprehensive income for the first half of 2022 was RMB 8,519,456.62, compared to RMB 22,269,564.30 in the previous year, indicating a decline of approximately 61.8%[157]. - The company reported a total profit for the first half of 2022 of RMB 12,127,221.73, down from RMB 24,237,446.09, reflecting a decrease of about 50.0%[156]. Revenue Segments - The company's education business saw a revenue increase of RMB 755,200, with the integration of industry and education projects contributing an increase of RMB 2,609,800, while the medical online education business faced a revenue decline of RMB 3,130,200 due to intensified market competition[23]. - The education segment generated revenue of 42.95 million yuan, accounting for 72.15% of the company's total revenue[54]. - The subsidiary, Yingteng Education, reported revenue of 37.95 million yuan, focusing on medical education and emergency science education[54]. - The revenue from the higher education integration business reached RMB 422.31 million, collaborating with numerous institutions across various provinces[58]. - The international education business generated revenue of RMB 82.96 million, expanding partnerships with institutions in the UK, Spain, and Malaysia[60]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 2,203,574,993.45, a decrease of 0.90% from RMB 2,223,581,029.04 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company slightly increased by 0.08% to RMB 1,857,978,537.05 from RMB 1,856,418,432.13 at the end of the previous year[21]. - The company's total assets included cash and cash equivalents of ¥178,755,383.52, down 46.65% from the previous year, reflecting reduced idle funds due to financial investments[68]. - Total liabilities decreased from CNY 346,199,328.07 to CNY 323,957,292.42, a decrease of approximately 6.4%[150]. - Owner's equity increased slightly from CNY 1,877,381,700.97 to CNY 1,879,617,701.03, an increase of about 0.1%[150]. Operational Challenges - The net cash flow from operating activities for the first half of 2022 was -19,135,321.74 RMB, a significant decline compared to 1,418,603.94 RMB in the same period of 2021[163]. - The company faces macroeconomic risks due to the ongoing uncertainty of the global pandemic and its impact on the vocational education industry[82]. - Policy risks may arise from adjustments in national macro-control or industrial policies, affecting the company's operations[82]. - Market risks include changes in the external market environment and intensified competition, which could impact investment plans, sales, and profit margins[82]. Strategic Initiatives - The company is expanding its emergency rescue education business, utilizing AI and big data to improve public awareness and skills in emergency situations[33]. - The company is focusing on the integration of industry and education, providing high-quality teaching resources and services to higher education institutions, particularly in the fields of artificial intelligence, big data, and information security[35]. - The company is actively optimizing traditional real estate operations and integrating properties into urban renewal plans in Shenzhen[38]. - Continuous investment in R&D is aimed at enriching medical training product categories and fostering new profit growth points[56]. - The company is committed to improving customer satisfaction through enhanced after-sales service and support systems[57]. Shareholder and Governance - The largest shareholder, Peking University Founder Group, holds 117,482,984 shares, representing 20.03% of total shares[137]. - The company has maintained substantial equity control over its subsidiaries during the reporting period[96]. - The company will continue to comply with relevant regulations and maintain fair practices in transactions with related parties[97]. - The company has established a decision-making process to manage non-operating fund occupations, ensuring compliance with market principles[99]. Legal and Compliance Issues - The company has recognized an estimated liability of RMB 43.0143 million for ongoing litigation related to securities false statements[108]. - The total compensation amount ordered by the court for the securities false statement liability is RMB 47.3148 million, including compensation and litigation costs[107]. - The company has made a provision for bad debts amounting to RMB 4.5569 million related to the loan and interest from Zhang Youming, which does not negatively impact the current or future profits[101].

Financial Performance - The company's operating revenue for Q1 2022 was ¥27,627,289.56, a decrease of 5.29% compared to ¥28,184,500.23 in the same period last year[4] - The net profit attributable to shareholders decreased by 72.91% to ¥1,085,008.70 from ¥3,541,547.84 in the previous year[4] - The net cash flow from operating activities was negative at ¥-19,042,649.07, compared to a positive cash flow of ¥26,053,864.37 in the same period last year[4] - Basic earnings per share dropped by 71.43% to ¥0.002 from ¥0.006 in the previous year[5] - The weighted average return on equity decreased by 0.15 percentage points to 0.06%[5] - The total assets at the end of the reporting period were ¥2,201,135,991.42, a decrease of 1.01% from ¥2,223,581,029.04 at the end of the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was negative at ¥-2,383,841.99, a decline of 453.19% compared to ¥284,552.69 in the previous year[4] - Total revenue for Q1 2022 was CNY 27,627,289.56, a decrease of 5.5% compared to CNY 29,169,286.19 in Q1 2021[26] - Operating profit for Q1 2022 was CNY 5,055,126.27, down 37.5% from CNY 8,076,823.96 in Q1 2021[27] - Net profit for Q1 2022 was CNY 2,389,858.65, a decline of 64.9% compared to CNY 6,809,528.91 in Q1 2021[27] - The total comprehensive income for Q1 2022 was CNY 2,388,569.42, down 64.8% from CNY 6,789,650.94 in the same period last year[28] Operational Costs and Efficiency - The company experienced increased operational costs due to the expansion of its education integration business, impacting overall profitability[8] - Total operating costs increased to CNY 26,725,427.16, up 8.6% from CNY 24,667,192.07 in the same period last year[27] - Research and development expenses for Q1 2022 were CNY 6,827,982.42, a decrease from CNY 7,402,279.72 in Q1 2021[27] - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future growth[26] Shareholder Information - The company reported a total of 47,785 common shareholders at the end of the reporting period[10] - The largest shareholder, Beida Jade Bird Universal Sci-Tech Co., Ltd., held 20.03% of the shares, totaling 117,482,984 shares[11] - The company has a total of 5,592,300 shares held through a credit trading guarantee account by shareholder Gao Wenren[12] Investments and Acquisitions - The company holds 67% of Ying Teng Education after completing the transfer of 16% shares in December 2021[17] - Ying Teng Education's audited revenue and net profit for 2021 did not meet 90% of the performance target, thus the company is not required to acquire an additional 5% stake in 2022[17] - The company is required to continue acquiring a total of 8% of Ying Teng Education shares if cumulative performance targets are met over 2021 and 2022[17] - The company has been involved in arbitration regarding the acquisition of Ying Teng Education, which has now been resolved[16] Legal and Restructuring Matters - The restructuring plan for Beida Fangzheng Group has been approved, with the new ownership structure indicating that Ping An Life Insurance will hold approximately 66.507% of the new Fangzheng Group[14] - The company has recognized a provision of approximately ¥43.01 million for ongoing litigation related to securities false statements[20] - The company is monitoring the progress of the restructuring and will fulfill its disclosure obligations in a timely manner[14] - The company has completed the establishment of New Fangzheng Group and Fangzheng International Education, which will become the controlling shareholder[13] - The company is currently involved in a civil compensation case related to securities false statements, with a judgment requiring compensation of approximately ¥47.31 million[19] Cash Flow and Liquidity - Cash and cash equivalents decreased to CNY 53,263,638.35 from CNY 335,086,231.03 as of December 31, 2021[22] - The cash and cash equivalents at the end of Q1 2022 were CNY 52,755,713.57, a decrease from CNY 235,927,183.13 at the end of Q1 2021[31] - The total operating cash inflow for Q1 2022 was CNY 24,677,552.09, significantly lower than CNY 135,035,986.72 in Q1 2021[30] - The total operating cash outflow for Q1 2022 was CNY 43,720,201.16, compared to CNY 138,811,636.84 in Q1 2021[30] - Cash inflow from investment activities in Q1 2022 was CNY 351,305,797.88, an increase from CNY 324,048,768.31 in Q1 2021[30] - The net cash flow from investment activities for Q1 2022 was -CNY 253,918,673.24, compared to a positive CNY 176,796,592.55 in Q1 2021[31] Market Activity - The company did not report any new product launches or significant market expansion strategies during the quarter[34]

Financial Performance - In 2021, the company's operating revenue was approximately CNY 104.24 million, representing a 1.20% increase compared to CNY 102.99 million in 2020[21]. - The net profit attributable to shareholders of the listed company decreased by 24.92% to CNY 13.98 million from CNY 18.62 million in the previous year[21]. - The basic earnings per share for 2021 was CNY 0.024, down 25.00% from CNY 0.032 in 2020[22]. - The net cash flow from operating activities was CNY 226.44 million, a significant recovery from a negative cash flow of CNY -222.57 million in 2020[21]. - The total assets of the company at the end of 2021 were CNY 2.22 billion, a decrease of 3.25% from CNY 2.30 billion at the end of 2020[21]. - The company reported a net asset attributable to shareholders of CNY 1.86 billion, a slight decrease of 2.65% from CNY 1.91 billion at the end of 2020[21]. - The weighted average return on net assets decreased by 0.25 percentage points to 0.73%[23]. - The company reported a total revenue of CNY 29.17 million in Q1, CNY 29.61 million in Q2, CNY 20.96 million in Q3, and CNY 24.50 million in Q4[26]. - The company experienced a net loss of CNY 3.25 million in Q3, with a recovery to a profit of CNY 1.11 million in Q4[26]. Research and Development - The total investment in R&D increased significantly, contributing to the shift in product structure and innovation in the education sector[23]. - Research and development expenses surged by 83.18%, totaling CNY 36.70 million, compared to CNY 20.04 million in the previous year, indicating a strong focus on new product development[64]. - The company employed 197 R&D personnel, representing 37% of the total workforce, with a notable increase in staff to support product development needs[79]. - Yingteng Education's core product, the Exam Treasure, integrates AI technology, enhancing user learning experiences and covering 1,308 subjects in medical education[35]. - The company is developing innovative emergency safety education products using AI and big data technologies[54]. Business Segments - The education segment generated revenue of 70.83 million yuan, accounting for 67.95% of the company's total revenue[34]. - The subsidiary, Yingteng Education, reported revenue of 63.89 million yuan, focusing on medical education and emergency safety education[35]. - The company's higher education integration business achieved revenue of 7.04 million yuan, representing a year-on-year growth of 281.49%[38]. - The traditional property leasing business generated revenue of 28.42 million yuan, with stable operations reported[40]. - The property leasing segment saw revenue growth of 10.86% to ¥33,144,212.81, with a stable gross margin of 81.30%[70]. Market Environment - The government policies are increasingly supportive of vocational education, creating a favorable environment for the company's growth in this sector[43]. - The vocational training market in China is projected to reach CNY 318.5 billion by 2022, indicating significant growth potential in the sector[100]. - The demand for vocational education is shifting towards emerging industries, with a predicted talent gap of nearly 30 million in key sectors by 2025[101]. - The vocational education industry is expected to undergo rapid development, with a trend towards market consolidation and diversified service offerings[103]. Corporate Governance - The company maintains independence from its controlling shareholder, with no violations regarding the use of funds or assets[119]. - The board of directors and supervisory board are composed in accordance with legal regulations, ensuring proper governance and accountability[114]. - The company emphasizes the accuracy, timeliness, and completeness of information disclosure, adhering to regulatory requirements[116]. - The company has established a robust investor relations management system, enhancing communication through multiple channels[117]. - The company has committed to continuous improvement in corporate governance and internal management practices[119]. Legal Matters - The company faced significant litigation matters during the year, including a contract dispute with Beijing Peking University Press, which has been ongoing since April 2019[182]. - The total amount involved in the litigation with Chinese investors is approximately RMB 67.13 million[184]. - The company has recognized a provision for expected liabilities amounting to CNY 43,014,276.44 related to ongoing legal cases as of the report date[187]. - The company was ordered by the Beijing First Intermediate Court to compensate investors a total of CNY 47,314,756.09 due to securities misrepresentation claims[186]. Employee and Compensation - The total number of employees is 529, with 276 holding a bachelor's degree and 37 holding a master's degree[151]. - The company has established a competitive compensation system to attract and retain talent, with regular salary surveys conducted to adjust overall salary levels[152]. - Total compensation for all directors, supervisors, and senior management at the end of the reporting period amounted to 4.1562 million yuan[135]. Environmental Responsibility - The company strictly complies with national and local environmental protection laws and actively promotes carbon neutrality policies, implementing paperless operations and energy-saving measures[163]. - The company encourages employees to adopt "green commuting" practices to contribute to environmental improvement and sustainable development[163]. - There were no administrative penalties related to environmental issues during the reporting period[164].

Financial Performance - The company's operating revenue for Q3 2021 was ¥18,348,516.79, a decrease of 22.77% compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2021 was -¥7,392,313.14, representing a decline of 154.85% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥6,748,973.48, a decrease of 296.68% compared to the previous year[3] - The basic earnings per share for Q3 2021 was -¥0.013, down 154.79% from the same period last year[4] - Net profit for the first three quarters of 2021 was ¥15,345,583.13, a decrease of 25.3% from ¥20,503,550.12 in 2020[26] - The company reported a total profit of ¥19,584,849.63, down 23.6% from ¥25,633,476.49 in the previous year[26] - Basic earnings per share for the first three quarters were ¥0.017, slightly down from ¥0.018 in the same period of 2020[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,305,946,218.23, an increase of 0.33% from the end of the previous year[4] - The total current assets reached ¥1,354,804,030.54, slightly up from ¥1,348,834,069.50 at the end of 2020, indicating a growth of about 0.5%[21] - The company's total liabilities decreased to ¥320,016,228.54 from ¥322,104,308.49, reflecting a reduction of approximately 0.6%[23] - The total equity attributable to shareholders increased to ¥1,911,566,861.89 from ¥1,906,907,055.79, showing a growth of about 0.2%[23] - The total liabilities reached RMB 324,207,960.50, with non-current liabilities accounting for RMB 241,384,923.58[35] - The company’s total current liabilities were RMB 82,823,036.92, indicating manageable short-term obligations[35] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥16,171,200.69, with no applicable comparison due to the nature of the data[3] - The net cash flow from operating activities was -¥16,171,200.69, an improvement from -¥110,151,950.15 in the previous year[29] - The company generated ¥195,602,106.91 in cash inflows from operating activities, compared to ¥97,271,221.86 in the previous year[29] - Investment activities generated a net cash flow of ¥54,988,474.26, a significant recovery from -¥69,056,727.22 in the previous year[30] - Cash and cash equivalents at the end of the period totaled ¥95,383,854.10, compared to ¥223,826,914.19 at the end of the same period last year[30] - The company's cash and cash equivalents increased to ¥337,663,747.01 from ¥302,460,871.80 at the end of 2020, representing an increase of approximately 11.6%[21] Shareholder Information - The controlling shareholder, Beida Jade Bird Group, holds 117,482,984 shares, accounting for 20.03% of the total share capital[14] - As of the report date, Beida Jade Bird Group's shares are subject to a freeze of 30,482,984 shares[14] - The top ten shareholders do not have any related party relationships among themselves[11] - The company has not disclosed any changes in the actual controller as of the report date[14] Restructuring and Legal Issues - The company is undergoing a restructuring plan approved by the Beijing First Intermediate People's Court, which will result in a change of the controlling shareholder to a new entity[12] - The new controlling entity, New Beida Jade Bird Group, is expected to have a shareholding structure where Ping An Life Insurance will hold 70% of the shares[13] - The company is involved in a series of legal disputes related to securities false statements, with a total claim amount of approximately 67.13 million yuan[15] - The company has recognized a provision of 47.31 million yuan for the aforementioned legal disputes[15] - The company reported a total of ¥241,779,892.91 frozen in bank accounts due to an arbitration case as of the report date[18] - The company has accrued a total estimated liability of ¥28,224,215.13 related to the arbitration case for the years 2019 and 2020[18] Investment and Development - The company plans to increase sales personnel and invest in new product development, which has led to increased sales and R&D costs[7] - Research and development expenses rose to ¥23,097,959.20, representing a 44.1% increase from ¥16,016,060.00 in the same period last year[25] - The company acquired a 51% stake in Ying Teng Education Technology Co., Ltd., becoming its controlling shareholder[16] Other Financial Metrics - The company's non-current liabilities increased to ¥248,940,796.90 from ¥239,281,271.57, indicating a rise of approximately 4.0%[23] - The company’s accounts receivable increased to ¥3,231,813.23 from ¥2,278,807.33, marking a significant increase of approximately 41.9%[21] - The company’s inventory rose to ¥19,320,795.56 from ¥17,946,330.05, representing an increase of about 7.6%[21] - The company’s total non-current assets were RMB 951,558,852.89, showing a slight increase due to the recognition of right-of-use assets[34] - The company implemented a new leasing standard starting January 1, 2021, which resulted in adjustments to the financial statements without significant impact on financial condition or operating results[35]

Financial Performance - The company's operating revenue for the first half of 2021 was RMB 61,752,244.34, representing a 22.20% increase compared to RMB 50,533,773.92 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was RMB 17,652,674.57, a significant increase from a loss of RMB 2,788,599.04 in the previous year[20]. - Basic earnings per share for the first half of 2021 were RMB 0.030, compared to a loss of RMB 0.005 in the same period last year[21]. - The weighted average return on net assets increased by 1.07 percentage points to 0.92% compared to the previous year[21]. - Total operating revenue increased by 22.20% to RMB 61.75 million compared to the same period last year, driven by the expansion of the education business and stable growth in property leasing income[55]. - The company reported a total profit of ¥27,734,415.87 for the first half of 2021, compared to ¥10,042,481.72 in the same period of 2020[146]. - The total comprehensive income for the first half of 2021 was ¥25,283,872.89, significantly higher than ¥4,684,036.87 in the previous year[147]. Cash Flow and Assets - The net cash flow from operating activities increased by RMB 88,180,600.00, primarily due to the recovery of RMB 102,000,000.00 from previously frozen bank funds[23]. - The company's cash and cash equivalents increased by 59.02% to RMB 480.98 million, attributed to the recovery of part of the trust financial management funds[59]. - The net cash flow from operating activities for the first half of 2021 was RMB 881,806, a significant improvement from a net outflow of RMB 111,859,552 in the same period of 2020[153]. - Cash inflow from investment activities reached RMB 1,076,754,355.94, up from RMB 886,974,971.73 in the previous year, representing a growth of about 21%[154]. - The total assets at the end of the reporting period were RMB 2,319,765,585.65, a 0.93% increase from RMB 2,298,289,270.38 at the end of the previous year[20]. - The company's total current assets as of June 30, 2021, were RMB 1,367,893,073.88, compared to RMB 1,348,834,069.50 at the end of 2020, showing a slight increase of approximately 1.5%[138]. Segment Performance - The education segment's revenue grew by 27.13% year-on-year, with medical online education revenue increasing by RMB 8,240,000.00 due to the resumption of normal operations[21]. - The rental segment's revenue increased by 10.11% year-on-year, recovering from previous rent reductions due to the pandemic[22]. - In the first half of 2021, the company achieved total operating revenue of 61.75 million yuan, with the education segment contributing 45.64 million yuan, accounting for 73.90% of total revenue[48][49]. Investments and Subsidiaries - The company has established partnerships with over 20 universities for its industry-education integration business, covering various educational levels and regions, including Shandong, Guangdong, and Sichuan[50]. - The company has invested a total of RMB 43,960,000 in Gaoke MOOC (Beijing) Education Technology Co., Ltd. through capital increase and equity transfer[94]. - The company acquired 51% of Ying Teng Education in January 2018, becoming its controlling shareholder[101]. Legal and Compliance Issues - The company is involved in arbitration with multiple parties, with claims totaling 67,129,948.79 RMB and 44,182,748.40 RMB in separate cases[90]. - The company has ongoing litigation regarding a loan dispute with Zhang Youming, with the amount involved being 4,000,000 RMB at an annual interest rate of 6%[86]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[80]. Research and Development - Research and development expenses rose by 51.22% to RMB 13.65 million, reflecting the company's investment in new product and service development[55]. - The company focuses on developing educational products in information technology fields such as big data, artificial intelligence, and 5G, converting industry technology into high-quality teaching resources[51]. Strategic Initiatives - Recent government policies have encouraged the development of vocational education, enhancing its strategic importance in the education sector[36][37]. - The company is actively involved in the new engineering education initiative, aiming to cultivate diverse and innovative engineering talents[38]. - The company aims to enhance its core competitiveness through a comprehensive service system and efficient teaching operations, ensuring high-quality educational delivery[51]. Shareholder and Equity Information - The total number of ordinary shareholders at the end of the reporting period was 52,896[124]. - The largest shareholder, Beijing Founder Group Co., Ltd., held 117,482,984 shares, representing 20.03% of the total shares, with 30,482,984 shares frozen[126]. - The company has not experienced any changes in its total share capital or share structure during the reporting period[123]. Financial Compliance and Reporting - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations[181]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that the financial statements accurately reflect its financial position and operating results[182]. - The company did not report any significant changes in accounting policies or prior period error corrections during the reporting period[159].

Financial Performance - The company's operating revenue for 2020 was approximately ¥102.99 million, representing a 3.86% increase compared to ¥99.17 million in 2019[22]. - The net profit attributable to shareholders of the listed company was approximately ¥18.62 million, a significant recovery from a loss of ¥77.17 million in 2019[22]. - The basic earnings per share for 2020 was ¥0.032, compared to a loss of ¥0.132 per share in 2019[23]. - The total assets of the company at the end of 2020 were approximately ¥2.30 billion, reflecting a 3.24% increase from ¥2.23 billion at the end of 2019[22]. - The company reported a significant decrease in net profit after deducting non-recurring gains and losses, amounting to -¥8.64 million in 2020 compared to -¥60.30 million in 2019[22]. - The weighted average return on net assets was 0.98% in 2020, a recovery from -3.99% in 2019[23]. - The company reported a total of ¥27,259,361.04 in non-recurring gains and losses for 2020, compared to -¥16,877,570.55 in 2019[30]. - The company reported a net profit of CNY 36.76 million from its property leasing business, with a stable rental rate for the Nanshan Building[55]. - The education segment's revenue increased to CNY 73.05 million, a rise of 93.02% compared to CNY 5.10 million in the previous year, driven by the expansion of industry-education integration[65]. - The company reported a significant increase in the number of higher education enrollments, with a total increase of 511,000 students in 2020[40]. Cash Flow and Investments - The net cash flow from operating activities was negative at approximately -¥222.57 million, primarily due to frozen funds related to the termination of the acquisition of a 49% stake in Ying Teng Education[24]. - The net cash flow from operating activities was negative across all quarters, with Q1 at -¥13,247,989.18, Q2 at -¥98,611,562.82, Q3 at ¥1,707,601.85, and Q4 at -¥112,413,215.82[27]. - The cash flow from operating activities showed a significant negative change, with a net outflow of CNY 222.57 million, attributed to increased frozen funds due to pending litigation[57]. - The investment income rose by 19.78% to CNY 47.94 million, indicating improved financial management and risk control[57]. - The company has a total of CNY 1,183,830,000.00 in entrusted financial management, with CNY 976,710,000.00 remaining unexpired[142]. Business Strategy and Development - The company focuses on vocational education, particularly in artificial intelligence and big data, aiming to create a leading education service management group in China[35]. - The company is actively developing standardized teaching resources in emerging information technology fields, collaborating with leading enterprises to enhance educational offerings[37]. - The medical education sector is a key area, with a focus on vocational exam training and integrated cloud platform services for healthcare institutions[36]. - The company is committed to enhancing the adaptability of vocational education to meet industry demands and improve the social status of technical talent[43]. - The company aims to enhance its core competitiveness and profitability while maintaining stable operations in traditional businesses[55]. - The company is actively planning and advancing its external acquisition strategy to expand its multidisciplinary vocational education layout[53]. Shareholder and Governance - The company plans to distribute a cash dividend of ¥0.096 per 10 shares, totaling approximately ¥5.63 million, subject to shareholder approval[5]. - The net profit attributable to shareholders for 2020 was 18,619,117.98 RMB, with a cash dividend payout ratio of 30.25%[101]. - The company’s total share capital is 586,656,002 shares, and the proposed cash dividend will be distributed to all shareholders[100]. - The company has a strong management team, with 43% of staff holding master's degrees or higher, and 76% of employees involved in business operations[47]. - The board of directors consists of individuals with extensive experience in various sectors, enhancing governance and strategic direction[167]. Legal and Compliance Issues - The company is involved in significant litigation, with a total claim amount of RMB 67,129,948.79 related to securities false statement liability disputes[114]. - The company has initiated arbitration against Zhang Youming and Wang Mai, seeking RMB 30,100,000 in compensation due to unmet performance targets from a 2016 investment agreement[117]. - The company has faced a total of 165 lawsuits regarding securities false statements, with no final judgment made as of the report date[114]. - The company has not faced any risks of suspension or termination of listing during the reporting period[110]. - The company has not disclosed any new product or technology developments in the report[110]. Future Outlook - The company provided a future outlook with a revenue growth guidance of 12% for the next fiscal year, projecting total revenue to reach approximately 11.2 billion RMB[171]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share within the next two years[171]. - The company plans to implement a new marketing strategy focusing on digital channels, aiming for a 40% increase in online sales[170]. - The board of directors emphasized the importance of sustainability initiatives, committing to reduce carbon emissions by 20% over the next five years[171].

2021 年第一季度报告 1 / 32 | 一、重要提示 3 | | --- | | 二、公司基本情况 3 | | 三、重要事项 7 | | 四、附录 12 | 2021 年第一季度报告 一、 重要提示 二、 公司基本情况 2.5 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | --- | --- | --- | --- | | | | | 减(%) | | 总资产 | 2,302,042,378.22 | 2,298,289,270.38 | 0.16 | | 归属于上市公 | 1,910,428,725.66 | 1,906,907,055.79 | 0.18 | | 司股东的净资 | | | | | 产 | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | 经营活动产生 | 26,053,864.37 | -13,247,989.18 | 不适用 | | 的现金流量净 | | | | | 额 | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减（%） | | 营业收入 ...

Financial Performance - Operating revenue for the first nine months was ¥74,291,647.76, a decrease of 5.16% year-on-year[7] - Net profit attributable to shareholders was ¥10,689,235.19, a significant recovery from a loss of ¥1,790,691.94 in the same period last year[7] - Basic earnings per share increased to ¥0.018 from a loss of ¥0.003 in the previous year[7] - The company reported a net profit attributable to shareholders of ¥2,095,634.43 for the third quarter, a significant improvement from a loss of ¥35,753,982.52 in the same quarter last year[7] - Total operating revenue for Q3 2020 was CNY 23,757,873.84, an increase from CNY 19,926,960.01 in Q3 2019, representing a growth of approximately 19.0%[39] - Net profit for Q3 2020 reached CNY 15,764,568.54, compared to a net loss of CNY 1,895,807.82 in Q3 2019, indicating a significant turnaround[40] - The total comprehensive income for Q3 2020 was CNY 15,871,317.12, down from CNY 20,555,353.99 in Q3 2019, indicating a decrease of 22.0%[41] Cash Flow - The net cash flow from operating activities for the first nine months was -¥110,151,950.15, compared to -¥18,250,204.82 in the same period last year, indicating a worsening cash flow situation[7] - The net cash flow from operating activities for Q3 2020 was -110,151,950.15 RMB, compared to -18,250,204.82 RMB in Q3 2019, indicating a significant decline in operational cash flow[46] - Cash inflows from operating activities for the first three quarters of 2020 totaled CNY 97,271,221.86, slightly down from CNY 99,782,664.70 in the same period of 2019[45] - The cash outflow for operating activities in the first nine months of 2020 was 272,018,983.71 RMB, significantly higher than 38,585,897.30 RMB in the first nine months of 2019[48] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,256,186,738.61, an increase of 1.34% compared to the end of the previous year[7] - The company reported a total liability of CNY 291,135,522.71 as of September 30, 2020, compared to CNY 281,756,204.72 at the end of 2019, indicating an increase of about 3.4%[32] - The company has accrued a total estimated liability of CNY 21,927,453.52 related to investor lawsuits as of the third quarter of 2020[26] - The company’s expected liabilities increased by 23.19% to RMB 50,051,365.52, primarily due to additional provisions for investor litigation[15] - The company reported a goodwill value of ¥168,335,893.25, indicating significant intangible assets[50] Shareholder Information - The total number of shareholders reached 55,369, with the largest shareholder, Beida Forward Group, holding 20.03% of the shares[10] - The total equity attributable to shareholders reached CNY 1,588,703,306.80, compared to CNY 1,535,320,261.39 in the previous year, an increase of about 3.5%[35] - The company’s total equity was reported at ¥1,944,495,861.91[51] Expenses and Costs - Operating costs decreased by 53.06% to RMB 6,155,194.60, primarily due to a shift from in-person to online courses, resulting in savings on teaching staff costs[18] - Research and development expenses increased by 11.87% to RMB 16,016,060.00, attributed to an increase in R&D personnel and salary expenses[18] - The company reported a significant decrease in management expenses, which were CNY 10,442,718.33 in Q3 2020, down from CNY 17,008,912.21 in Q3 2019, a reduction of about 38.5%[39] Investment Activities - The company reported a 24.22% increase in trading financial assets, reaching RMB 958,916,514.04, due to increased investments in financial products[14] - The company’s investment income rose by 6% to RMB 34,258,710.79, driven by an increase in the scale of trust financial products compared to the previous year[18] - Investment income for Q3 2020 was CNY 14,800,276.82, compared to CNY 9,515,286.23 in Q3 2019, reflecting a growth of approximately 55.8%[40] Regulatory and Compliance - The company has made provisions for a penalty of CNY 12,409,705.21 in relation to a regulatory fine imposed by the China Securities Regulatory Commission[26] - The company has reported a total of 182 investor lawsuits with a cumulative claim amounting to CNY 80,265,450.41 as of September 30, 2020[26] - The company has not disclosed any new product developments or market expansion strategies in this report[7] Changes in Accounting Standards - The company has implemented the new revenue recognition standard since January 1, 2020, impacting revenue reporting[52] - The company adopted new revenue and leasing standards starting in 2020, with no significant impact on financial results[57]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥50,533,773.92, a decrease of 13.48% compared to ¥58,409,559.71 in the same period last year[19]. - The net profit attributable to shareholders was a loss of ¥2,788,599.04, a significant decline of 1,047.67% compared to a profit of ¥294,257.16 in the previous year[19]. - The net cash flow from operating activities decreased sharply to -¥111,859,552.00, compared to -¥12,966,153.85 in the same period last year[19]. - The company's total revenue for the reporting period was CNY 50,533,773.92, a decrease of 13.48% compared to the same period last year[49]. - The operating costs decreased significantly by 59.28% to CNY 3,668,598.40, reflecting cost-saving measures[49]. - The gross profit margin for the main business was 92.68%, indicating a strong profitability despite the revenue decline[49]. - The company reported a significant decrease in investment income, down 14.67% to CNY 19,458,433.97, due to reduced investment scale[50]. - The company reported a total profit of CNY 10,042,481.72, down 22.1% from CNY 12,900,421.12 in the first half of 2019[128]. - The basic earnings per share for the first half of 2020 were -¥0.005, a decrease of 600.00% compared to ¥0.001 in the same period last year[20]. - The company recorded a financial expense of -CNY 977,105.48, a significant decrease from CNY 19,160,873.30 in the same period last year[128]. Assets and Liabilities - The company's total assets increased by 0.50% to ¥2,237,456,863.06 from ¥2,226,252,066.63 at the end of the previous year[19]. - The total liabilities reached CNY 288,276,964.28, compared to CNY 281,756,204.72 at the end of 2019, reflecting a growth of approximately 1.85%[120]. - The total equity attributable to shareholders was CNY 1,885,271,326.89, slightly down from CNY 1,888,114,870.64, indicating a decrease of about 0.15%[120]. - The company's total current assets as of June 30, 2020, amounted to RMB 1,320,549,617.61, an increase from RMB 1,288,737,004.38 at the end of 2019, reflecting a growth of approximately 2.0%[118]. - The total amount of guarantees provided by the company, excluding those to subsidiaries, was ¥27,883,000, accounting for 1.43% of the company's net assets[92]. - The total amount of debt guarantees provided for subsidiaries exceeds 50% of net assets, with a guarantee balance of CNY 26.634 million as of June 30, 2020[93]. Cash Flow - The total cash and cash equivalents at the end of the period were CNY 307,666,252.38, a decrease of 23.81% from the previous year[54]. - The cash and cash equivalents decreased to RMB 307,666,252.38 from RMB 403,803,350.08, representing a decline of about 23.7%[118]. - The cash inflow from investment activities was CNY 886,974,971.73 in the first half of 2020, a decrease from CNY 1,748,227,733.46 in the same period of 2019[137]. - The cash outflow from investment activities for the first half of 2020 was CNY 992,622,504.71, compared to CNY 1,128,628,088.04 in the first half of 2019[137]. - The total cash outflow from financing activities was 43,294.68 RMB in the first half of 2020, compared to 861,926,405.57 RMB in the same period of 2019, indicating a substantial reduction in financing costs[140]. Education Sector Focus - The company focuses on vocational education, particularly in emerging information technology fields such as artificial intelligence and big data, aiming to create a leading education service management group in China[25]. - The higher education integration business follows the Outcome-based Education (OBE) model, aligning talent training standards with industry needs to cultivate high-quality talent for strategic emerging industries[25]. - The company has developed standardized teaching resources in collaboration with leading enterprises in the new information technology sector, enhancing the quality of professional education[26]. - The medical education sector, primarily through its subsidiary, provides vocational exam training and integrated cloud platforms for medical institutions and regulatory bodies[27]. - The education industry in China is expanding, driven by increased consumer investment and government support, with a focus on high-quality development in response to evolving talent needs[28]. Risks and Challenges - The company faces macroeconomic risks due to the ongoing COVID-19 pandemic, which may impact the education sector and business operations[62]. - Policy risks may arise from national macro-control or adjustments in industrial policies affecting the education industry[62]. - Market risks include changes in the external market environment and intensified competition, potentially impacting investment plans and profit margins[62]. - The company acknowledges acquisition integration risks, emphasizing the need for improved management systems and resource integration[63]. Legal and Compliance Issues - The company is involved in significant litigation and arbitration matters during the reporting period[71]. - The company received a civil ruling from the Beijing Fourth Intermediate People's Court, which rejected the request to revoke a previous arbitration award[71]. - The company has ongoing arbitration cases related to investment agreements with Zhang Youming and Wang Mai, with a total claim amount of approximately 66.83 million RMB[73]. - The company has also initiated arbitration against Beijing Pei Sheng (Beijing) Cultural Development Co., Ltd. regarding online education business contract disputes[71]. - The company is facing a securities false statement liability dispute, with penalties imposed by the China Securities Regulatory Commission amounting to 600,000 RMB[75]. Strategic Initiatives - The company aims to enhance its core competitiveness by leveraging its strong academic resources from partner universities and integrating various educational services[38]. - The company is actively pursuing mergers and acquisitions to expand its multi-disciplinary vocational education layout, focusing on both horizontal and vertical development in the medical education sector[43]. - The company received a commitment from its controlling shareholder to inject quality assets into the company, although this is currently under review due to restructuring[69]. Governance and Management - The company is committed to improving internal control mechanisms and governance to support sustainable growth and profitability[45]. - The company has a management team with a high proportion of qualified personnel, with 54% holding master's degrees or higher and 69% of the workforce being business personnel[39]. - The company reported a significant change in its board, with the resignation of supervisor Zhao Lu due to work reasons[112]. Financial Reporting and Compliance - The financial statements are prepared based on the assumption of going concern, with no significant doubts about the company's ability to continue operations[164]. - The company adheres to the accounting standards and regulations set forth by the Ministry of Finance and the China Securities Regulatory Commission[165]. - The company will ensure that the consolidated financial statements reflect the overall financial position, operating results, and cash flows of the entire corporate group[179].