证券代码：002659 证券简称：凯文教育 北京凯文德信教育科技股份有限公司 投资者关系活动记录表 编号：2019-002 | --- | --- | --- | |----------------|--------------------------|--------------------------| | | | | | 投资者关系活动 | □ | 特定对象调研 □分析师会议 | | 类别 | □ | 媒体采访 □业绩说明会 | | | □ | 新闻发布会 □路演活动 | | | □ 现场参观 | | | | ■其他 （证券机构见面会） | | | 参与单位名称及 | 中泰证券 范欣悦 | | | 人员姓名 | 万家基金 李黎亚 | | | | 银河基金 王翊 | | | | 中海基金 谢华 | | | | 中海基金 许定晴 | | | | 上投摩根 周联隽 | | | | 诺德基金 郭纪亭 | | | | 申万菱信基金 廖明兵 | | | | 光大自营 孙相绪 | | | | 国联安 林渌 | | | | 东方自营 徐卫 | | | | 海螺创投 吴文博 | | | --- | --- | --- | ...

Group 1: Company Overview - Kevin Education operates two schools with distinct curricula: Beijing Haidian School offers AP courses certified by the College Board, while Beijing Chaoyang Kevin School follows the IB curriculum and is a candidate for IBDP certification [2]. - The company is planning open days for both schools in March and May, with details to be announced via the schools' WeChat accounts [2]. Group 2: Fundraising and Investment Plans - The company disclosed a plan for a non-public offering of A-shares on June 12, 2018, aiming to raise up to 1 billion RMB for a "High-Quality Youth Quality Education Platform Project" [2]. - The project will focus on building comprehensive quality education platforms in first- and second-tier cities, addressing the growing demand for quality education [3]. Group 3: Project Implementation and Benefits - The investment project aims to enhance the company's existing educational services, leveraging international education resources to support the development of quality education [3]. - The implementation of the project is expected to create synergies between international education and quality education, improving resource sharing and operational efficiency [3]. Group 4: Financial Reporting - The school recognizes tuition revenue on an accrual basis, averaging the income over 12 months for each academic year [3].

证券代码：002659 证券简称：凯文教育 北京凯文德信教育科技股份有限公司 投资者关系活动记录表 编号：2021-001 | --- | --- | --- | --- | --- | --- | --- | |--------------------|-----------------------------------|-----------------------------------------------------------|-------|-------|-------|-------| | 投资者关系活动类别 | √特定对象调研 \n□现场参观 \n□其他 | □分析师会议 □媒体采访 □业绩说明会 \n□新闻发布会 □路演活动 | | | | | | 参与单位名称及人员 | 苏多永 安信证券 | | | | | | | | 邱慧 安信国际 | | | | | | | | 余前广 上海爱建证券 | | | | | | | | 张文静 | 中债信用增进投资股份有限公司 | | | | | | | 蔡硕 | 北京德丰华投资管理有限公司 | | | | | | | 李珑 进门财经 | | | ...

证券代码：002659 证券简称：凯文教育 北京凯文德信教育科技股份有限公司 投资者关系活动记录表 编号：2022-001 | --- | --- | --- | --- | |-----------------------------------------|------------------------------------------------------------------------|------------------------------------------------------------|------------------------------------------------------------------------| | | | | | | 投资者关系活动类别 | | √特定对象调研 □分析师会议 | | | | | □媒体采访 □业绩说明会 | | | | □新闻发布会 | □路演活动 | | | | □现场参观 | | | | | □其他 | | | | | 苏多永 安信证券 | | | | 参与单位名称及人员 | 董丽蒙 亚太保险 | | | | | ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥56,120,080.84, a decrease of 18.41% compared to the same period last year, and a decline of 56.50% year-to-date[4]. - The net profit attributable to shareholders was -¥6,162,132.60, representing an increase of 83.80% year-on-year, while the year-to-date net profit was -¥60,449,988.05, a decrease of 16.86%[4]. - The basic and diluted earnings per share were both -¥0.01, reflecting an increase of 82.83% compared to the same period last year[4]. - Total operating revenue for the current period is ¥115,886,463.36, a decrease of 56.5% compared to ¥266,391,049.27 in the previous period[19]. - Net profit for the current period is -¥60,584,132.99, an improvement from -¥73,137,472.53 in the previous period, indicating a reduction in losses[20]. - The company reported a total comprehensive loss of -¥59,452,999.33, an improvement from -¥73,300,685.90 in the previous period[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,304,848,835.80, a decrease of 5.03% from the end of the previous year[4]. - Total current assets decreased from 753,730,797.07 RMB at the beginning of the year to 630,069,797.47 RMB by September 30, 2022, a decline of approximately 16.4%[16]. - Total liabilities decreased from 1,135,578,443.43 RMB to 1,019,975,092.07 RMB, a reduction of about 10.2%[17]. - The company's total assets decreased from 3,479,905,186.49 RMB to 3,304,848,835.80 RMB, a decline of approximately 5.0%[17]. - The company has a total of 2,286,683,277.96 RMB in equity attributable to shareholders as of September 30, 2022[17]. Cash Flow - Operating cash flow for the current period is ¥212,174,839.52, significantly higher than ¥98,137,845.49 in the previous period[22]. - Investment activities generated a net cash flow of ¥27,078,256.85, a recovery from -¥462,844,687.58 in the previous period[23]. - The cash and cash equivalents at the end of the period stand at ¥453,463,756.75, compared to ¥254,411,620.63 in the previous period[23]. - The cash and cash equivalents decreased from 507,076,854.32 RMB to 453,989,706.72 RMB, a decrease of about 10.5%[15]. Receivables and Prepayments - The company's accounts receivable increased by ¥2,590,103.44, a growth of 6,527.68%, mainly due to an increase in education service fees[7]. - Accounts receivable increased significantly from 39,678.76 RMB to 2,629,782.20 RMB, marking a growth of over 6,500%[15]. - Prepayments increased by ¥11,717,915.82, a growth of 191.21%, primarily due to increased project cooperation fees[7]. - Contract liabilities rose by ¥12,403,539.61, a growth of 58.21%, mainly due to an increase in prepaid training fees[7]. Operating Costs and Income - The company's operating costs decreased by ¥149,801,172.78, a decline of 59.07%, attributed to the impact of the new regulations on private education[9]. - Total operating costs for the current period are ¥195,913,257.21, down 47% from ¥369,250,658.45 in the previous period[19]. - Other income decreased by ¥974,956.29, a decline of 85.46%, also due to the impact of the new regulations[10]. - Investment income decreased by ¥7,241,595.68, a decline of 74.82%, primarily due to reduced purchases of bank wealth management products[10]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 19,878[12]. - The largest shareholder, Badachu Holdings Group Co., Ltd., holds 28.84% of shares, totaling 172,519,294 shares[12]. Miscellaneous - The company has not reported any new products or technologies in the current quarter[16]. - The third quarter report of Beijing Kaivendexin Education Technology Co., Ltd. is unaudited[24].

Financial Performance - The company's revenue for the first half of 2022 was ¥59,766,382.52, a decrease of 69.76% compared to ¥197,608,734.69 in the same period last year[20]. - The net loss attributable to shareholders was ¥54,287,855.45, representing a 56.56% increase in loss from ¥34,674,437.62 in the previous year[20]. - The basic and diluted earnings per share were both -¥0.091, a decline of 56.90% from -¥0.058 in the same period last year[20]. - The weighted average return on equity was -2.34%, a decrease of 0.93% compared to -1.41% in the previous year[20]. - The company's revenue for the reporting period was ¥59,766,382.52, a decrease of 69.76% compared to ¥197,608,734.69 in the same period last year, primarily due to the impact of the new regulations from the "民促法" which resulted in the exclusion of two schools from the consolidated financial statements[52]. - Operating costs decreased by 60.77% to ¥66,912,733.34 from ¥170,560,369.97, also influenced by the same regulatory changes[52]. - The company reported a gross margin of -11.00% for the education sector, down 25.72% year-on-year[56]. - The company reported a significant decrease in other receivables, dropping to RMB 2,166,860.09 from RMB 43,285,755.48, a decline of approximately 95%[132]. - The company reported a decrease in comprehensive income, with other comprehensive income at -CNY 419,746.50 compared to -CNY 942,158.09 in the previous period[137]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥58,707,500.69, compared to a negative cash flow of ¥39,430,167.47 in the same period last year, marking a 248.89% increase[20]. - Cash and cash equivalents at the end of the reporting period were ¥336,195,159.71, a decrease of 4.08% from ¥507,076,854.32 at the end of the previous year[58]. - The cash flow from investment activities decreased by 64.57% to ¥27,049,836.42, primarily due to reduced payments for construction projects compared to the previous year[54]. - The company reported a significant increase in cash received from operating activities, totaling CNY 126,605,278.53, compared to CNY 183,363,824.84 in the first half of 2021[148]. - The net cash flow from financing activities was -217,161,443.31 CNY for the first half of 2022, compared to -215,463,465.25 CNY in the same period of 2021, indicating a slight increase in cash outflow[149]. - The total cash and cash equivalents at the end of the period decreased to 335,669,209.74 CNY from 647,017,304.49 CNY year-over-year[149]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,204,289,439.18, down 7.92% from ¥3,479,905,186.49 at the end of the previous year[20]. - The net assets attributable to shareholders decreased by 2.29% to ¥2,292,236,688.49 from ¥2,346,002,132.35 at the end of the previous year[20]. - Long-term borrowings decreased to ¥765,000,000.00, down 4.58% from ¥990,000,000.00 at the end of the previous year[58]. - Total current liabilities decreased to RMB 110,000,000.00 from RMB 130,000,000.00, showing a reduction of approximately 15.4%[132]. - The company's total equity as of June 30, 2022, was CNY 2,773,509,988.46, an increase from CNY 2,768,918,332.17 at the beginning of the year[138]. Business Strategy and Development - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company has acknowledged the risks it faces and has detailed its risk management strategies in the report[4]. - The report includes a forward-looking statement regarding future plans, emphasizing the need for investors to recognize associated risks[4]. - The company is actively expanding K12 education light asset service output projects and various vocational education integration projects, aiming to become a key player in the vocational education sector[28]. - The company has established a high-standard operational and management capability for its schools, which is recognized for its teaching quality as the number of graduates increases[36]. - The company is leveraging its partnerships with various universities to create tailored training programs that meet industry needs, enhancing its educational offerings[35]. - The company plans to expand its quality education services beyond schools to include community-based training for suitable age students[39]. - The company aims to integrate vocational education with industry needs through partnerships, including a five-year integrated training model with Aohanqi Vocational School[51]. Partnerships and Collaborations - The company has established long-term partnerships with top institutions such as Berklee College of Music and MLB, enhancing its competitive advantage in arts and sports education[43]. - A strategic cooperation framework agreement was signed with Tencent Cloud and Keceng Data to enhance digital economy talent training in Henan Province, focusing on innovative education and skills development[48]. - The company signed service agreements with two Kevin schools, providing services such as campus asset operation leasing and quality education courses, which began generating market-based income from April 2022[39]. Regulatory and Compliance - The company has not faced any significant environmental penalties or issues during the reporting period[79]. - The company has maintained compliance with legal regulations and actively engages in investor relations management[80]. - The company has not experienced any major litigation or arbitration matters during the reporting period[88]. - The company has not reported any significant changes in its financial reporting practices or accounting estimates[177]. Shareholder Information - The company’s controlling shareholder increased its stake by acquiring 6,964,800 shares, raising its total ownership to 30% of the company[39]. - The largest shareholder, Badachu Holding Group, holds 28.84% of the company's shares, totaling 172,519,294 shares[118]. - The company has 23,176 common stock shareholders at the end of the reporting period[118].

Financial Performance - The company's revenue for Q1 2022 was ¥10,482,554.95, a decrease of 88.91% compared to ¥94,498,838.25 in the same period last year[3] - The net profit attributable to shareholders was -¥38,204,306.46, representing a decline of 145.79% from -¥15,543,715.92 year-over-year[3] - The company's operating income decreased by ¥84,016,283.30, a drop of 88.91%, primarily due to the impact of the new regulations on private education[7] - The company reported a decrease in other income of ¥783,212.09, down 89.19%, mainly due to reduced government subsidies[8] - The company’s investment income decreased by ¥2,134,187.18, a decline of 83.65%, due to a reduction in the amount invested in bank wealth management products[8] - Net loss for Q1 2022 was CNY 38,476,770.30, compared to a net loss of CNY 16,352,452.27 in Q1 2021, representing an increase in loss of 135.00%[20] - The company incurred credit impairment losses of CNY 1,763,410.79 in Q1 2022, compared to a gain of CNY 23,919.80 in the same period last year[19] - Other comprehensive income after tax for Q1 2022 was negative CNY 45,828.60, contrasting with a positive CNY 78,684.97 in Q1 2021[20] Cash Flow - The net cash flow from operating activities was -¥23,082,650.92, an improvement of 73.31% compared to -¥86,480,438.82 in the previous year[3] - The net cash flow from operating activities for Q1 2022 was negative CNY 23,082,650.92, an improvement from negative CNY 86,480,438.82 in the previous year[22] - Cash received from investment recoveries in Q1 2022 was CNY 300,000,000.00, a significant decrease from CNY 1,185,000,000.00 in the same period last year[22] - The net cash flow from investing activities was -¥23,050,136.13 for Q1 2022, compared to -¥16,214,143.34 in Q1 2021[23] - The net cash flow from financing activities was -¥3,460,331.82 in Q1 2022, compared to -¥137,126,854.14 in Q1 2021[23] - Cash inflow from financing activities included ¥36,000,000.00 received from other financing activities[23] - Cash outflow for repayment of debts was ¥25,000,000.00 in Q1 2022, compared to ¥85,000,000.00 in Q1 2021[23] - The total cash outflow from investing activities was ¥323,544,105.79 in Q1 2022, compared to ¥1,203,369,677.57 in Q1 2021[23] - The company reported a decrease in cash and cash equivalents by ¥49,638,947.47 in Q1 2022[23] - The company’s cash inflow from investment activities was ¥300,493,969.66 in Q1 2022, compared to ¥1,187,155,534.23 in Q1 2021[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,401,846,043.84, down 2.24% from ¥3,479,905,186.49 at the end of the previous year[3] - Current assets totaled CNY 685.62 million, down from CNY 753.73 million at the beginning of the year[17] - Cash and cash equivalents were CNY 457.44 million, a decrease from CNY 507.08 million at the beginning of the year[16] - Accounts receivable increased to CNY 89,522.75 from CNY 39,678.76, indicating a rise in outstanding payments[16] - The company reported a decrease in total liabilities, with accounts payable dropping to CNY 31.49 million from CNY 42.13 million[17] - Total liabilities decreased to CNY 1,096,041,899.68 in Q1 2022 from CNY 1,135,578,443.43 in the previous year, a reduction of 3.47%[19] - The total equity attributable to shareholders of the parent company was CNY 2,307,751,997.29, down from CNY 2,346,002,132.35 year-over-year, a decrease of 1.63%[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,266[9] - The controlling shareholder, Beijing Haidian State-owned Assets Investment and Operation Co., Ltd., increased its shareholding by 6,964,800 shares, accounting for 1.16% of the total share capital from January 13 to March 15, 2022[13] - After the increase, the total shares held by Haidian State-owned Assets reached 179,484,094 shares, representing 30% of the total share capital[13] Regulatory Compliance - The company has initiated a change in the sponsors of two Kevin schools to comply with educational policy regulations, with the new sponsors being Beijing Haiguo Education Investment Consulting Co., Ltd.[13] - The service agreements for the two schools have commenced, allowing the company to generate market-based revenue from services provided[14] Miscellaneous - The company's basic and diluted earnings per share were both -¥0.06, a 100% decrease from -¥0.03 in the same period last year[3] - The first quarter report was not audited[24]

Financial Performance - The company reported a significant increase in revenue, with total revenue reaching RMB 1.5 billion, representing a year-over-year growth of 25%[12]. - Future guidance suggests an expected revenue growth of 30% for the upcoming year, projecting total revenue to reach RMB 1.95 billion[12]. - The company reported a basic earnings per share of -¥0.20 for 2021, an improvement of 16.67% from -¥0.24 in 2020[20]. - The net profit attributable to shareholders for 2021 was -¥120,620,659.28, showing an improvement of 6.92% from -¥129,582,345.53 in 2020[20]. - The company reported a total provincial financial investment of 8.99 billion yuan in vocational education since the implementation of the "Higher Vocational Education Innovation Development Action Plan (2015-2018)"[104]. - The company reported a net profit of -28,561,199 for Wenhua Xuexin and -59,232,448 for Wenkai Xing, indicating significant losses in the investment management and education consulting sectors[95]. User Engagement and Enrollment - User data indicates that the total number of enrolled students increased to 150,000, up from 120,000 in the previous year, marking a growth of 25%[12]. - User data showed an increase in active users by 15% year-over-year, reaching a total of 2 million active users[168]. - The company reported a significant increase in user engagement, with a year-over-year growth of 25% in active users[177]. - User retention rates improved to 85%, up from 80% in the previous year, reflecting enhanced customer satisfaction[185]. Strategic Expansion and Development - The company plans to expand its market presence by opening 20 new campuses in the next fiscal year, aiming to increase its geographical footprint[12]. - The company is actively pursuing strategic acquisitions to enhance its educational offerings and diversify its service portfolio[12]. - The company plans to strengthen its school operation services and expand into vocational education, aiming to become a key player in the K12 education sector[29]. - The company is focusing on vocational education as a key development area, emphasizing industry-education integration and school-enterprise cooperation[41]. - The company plans to expand its market presence by entering three new provinces in the upcoming year, targeting a 20% increase in market share[179]. Research and Development - The company has allocated RMB 200 million for research and development of new educational technologies, focusing on online learning platforms[12]. - The company is investing 100 million RMB in R&D for new educational technologies over the next two years[167]. - The company is investing heavily in technology development, allocating 10% of its revenue towards R&D initiatives[181]. Governance and Management - The company has established a governance structure that complies with relevant laws and regulations, ensuring equal rights for all shareholders[110]. - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, and finance, ensuring autonomous operational capabilities[113]. - The company has a complete educational business system and does not rely on its major shareholder for operational activities[113]. - The company has been actively restructuring its management team to adapt to market changes and improve operational efficiency[125]. Financial Stability and Investments - The company will not distribute cash dividends or issue bonus shares, opting to reinvest profits into business expansion[5]. - A commitment to maintain a debt-to-equity ratio below 0.5 was reiterated, ensuring financial stability during expansion[167]. - The company has pledged to provide priority rights to Kevin Education for any competitive business opportunities identified in the future[175]. Market Trends and Opportunities - The vocational education sector is experiencing significant growth, with the number of students in vocational schools reaching approximately 13.12 million in 2021, highlighting the market's potential[36]. - The investment in vocational education funding has increased from 240.9 billion RMB in 2010 to 563 billion RMB in 2020, with a compound annual growth rate of about 8.9%[36]. - The government aims for vocational undergraduate education enrollment to be no less than 10% of higher vocational education enrollment by 2025, indicating a strategic focus on expanding vocational education[37]. Compliance and Regulatory Environment - The management highlighted potential risks related to regulatory changes in the education sector, which could impact future growth[4]. - The company is focusing on complying with new regulations in the private education sector to enhance the quality of its educational services[30]. - The company has adjusted its operational model for the two Kevin schools to ensure compliance with national education policies, maintaining the quality and characteristics of the schools[39]. Employee and Management Structure - The total number of employees at the end of the reporting period was 290, with 287 from major subsidiaries[141]. - The company emphasizes a salary policy that combines fixed and performance-based compensation, aligning with company profitability and market conditions[142]. - The company conducts various training programs for employees, including onboarding, business training, and leadership development[145]. Legal and Litigation Matters - The company is involved in a lawsuit with Guangxi Wuzhou Xijiang Bridge Project Investment Management Co., Ltd., with a disputed amount of CNY 141.9935 million[198]. - The court ruling requires the project company to pay CNY 400,000 for land use fees within ten days of the judgment's effectiveness[199]. - The project company's shareholders are responsible for supplementary compensation within the scope of CNY 113 million for the company's debts[199].

Financial Performance - The company's revenue for Q3 2021 was ¥68,782,314.58, a decrease of 19.28% compared to the same period last year[3] - The net profit attributable to shareholders was -¥38,031,691.64, down 25.41% year-on-year[3] - Total operating revenue for Q3 2021 was CNY 266,391,049.27, an increase of 19.5% compared to CNY 222,873,197.85 in Q3 2020[19] - Net loss for Q3 2021 was CNY 73,137,472.53, an improvement from a net loss of CNY 97,588,322.73 in Q3 2020, indicating a reduction of approximately 25%[20] - Total comprehensive income attributable to the parent company was -¥72,869,342.63, compared to -¥96,515,038.86 in the same period last year[24] Cash Flow - The cash flow from operating activities for the year-to-date was ¥98,137,845.49, an increase of 73.15%[3] - Net cash flow from operating activities was ¥98,137,845.49, up 73.5% from ¥56,677,594.24 in the same period last year[24] - Cash flow from investment activities showed a net outflow of ¥462,844,687.58, worsening from a net outflow of ¥218,905,516.42 in the previous year[24] - Cash inflow from investment activities totaled ¥3,658,215,326.56, significantly higher than ¥148,284,810.90 in the previous year[24] - Cash outflow from financing activities was ¥277,953,372.10, slightly lower than ¥296,411,958.05 in the previous period[25] - The company received tax refunds amounting to ¥1,067,622.46 during the reporting period[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,865,097,416.72, a decrease of 6.06% from the previous year[3] - Total assets decreased to CNY 3,865,097,416.72 as of September 30, 2021, down from CNY 4,114,438,418.81 at the end of 2020, representing a decline of about 6%[16] - Total liabilities decreased to CNY 1,473,472,658.66 from CNY 1,634,675,595.25, marking a reduction of approximately 10%[17] - Total liabilities amounted to CNY 1,634,675,595.25, with current liabilities at CNY 582,175,595.25 and non-current liabilities at CNY 1,052,500,000.00[29] - The total equity attributable to shareholders decreased to CNY 2,394,048,663.49 from CNY 2,475,435,882.39, reflecting a decline of approximately 3.3%[17] Investment and Income - The company reported a significant increase in investment income of ¥8,957,333.54, up 1,240.92% year-on-year, due to expanded investment in bank financial products[9] - The company reported an investment income of CNY 9,679,162.31 for Q3 2021, compared to CNY 721,828.77 in Q3 2020, showing a substantial increase[20] Shareholder Information - The company’s basic and diluted earnings per share were both -¥0.06, a decrease of 20.00% compared to the previous year[3] - Basic and diluted earnings per share were both -¥0.12, an improvement from -¥0.17 in the previous period[24] - The weighted average return on equity was -1.56%, a decrease of 0.36% year-on-year[3] - The company reported a negative retained earnings of CNY -180,318,612.65, indicating accumulated losses[29] Operational Changes - The company’s short-term borrowings decreased by ¥135,172,368.79, a 100% decline, as a result of repaying bank loans[7] - The accounts payable decreased by ¥93,310,446.68, down 77.28%, primarily due to the payment of due project funds[7] - The company’s contract liabilities decreased by ¥214,760,525.64, a decline of 88.90%, due to the exclusion of two schools from the consolidated financial statements[7] Future Plans - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[20] - Research and development expenses were not explicitly reported, but the company continues to focus on innovation and technology development[20] Audit Status - The company has not undergone an audit for the third quarter report, which may affect the reliability of the financial data presented[30]

Financial Performance - The company's operating revenue for Q3 2021 was ¥104,855,230.05, representing a 23.05% increase year-over-year[3] - The net profit attributable to shareholders was -¥18,664,080.71, a 38.45% increase in losses compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥21,674,932.43, reflecting a 30.45% increase in losses year-over-year[3] - Total operating revenue for Q3 2021 was CNY 302,463,964.74, an increase of 35.7% compared to CNY 222,873,197.85 in Q3 2020[18] - Net loss for Q3 2021 was CNY 53,769,861.60, an improvement from a net loss of CNY 97,588,322.73 in Q3 2020[19] - The total comprehensive income attributable to the parent company was -CNY 53.50 million, compared to -CNY 96.52 million in the previous period[23] - Basic and diluted earnings per share were both -CNY 0.09, an improvement from -CNY 0.17 in the same period last year[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,933,426,652.19, a decrease of 4.40% from the end of the previous year[3] - Total assets decreased to CNY 3,933,426,652.19 as of September 30, 2021, down from CNY 4,114,438,418.81 at the end of 2020[15] - Total liabilities decreased to CNY 1,522,434,283.20 from CNY 1,634,675,595.25 at the end of 2020, a reduction of 6.8%[16] - The company’s total equity decreased to CNY 2,410,992,368.99 from CNY 2,479,762,823.56, a decline of 2.8%[16] - Total liabilities amounted to ¥1,634,675,595.25, with current liabilities at ¥582,175,595.25 and non-current liabilities at ¥1,052,500,000.00[28] - Total equity attributable to shareholders of the parent company reached ¥2,475,435,882.39, while total equity was ¥2,479,762,823.56[29] Cash Flow - The company’s cash flow from operating activities was ¥141,175,543.89, showing a significant increase of 149.09% year-to-date[3] - The net cash flow from operating activities was CNY 141.18 million, compared to CNY 56.68 million in the same period last year, representing a significant increase[24] - The net cash flow from investing activities was -CNY 431.09 million, worsening from -CNY 218.91 million in the previous year[24] - The net cash flow from financing activities was -CNY 243.51 million, a decrease from a positive CNY 589.04 million in the same period last year[24] - Cash and cash equivalents dropped to CNY 292,164,151.18 from CNY 877,135,193.76, a decline of 66.7%[14] - The cash and cash equivalents at the end of the period were CNY 292.13 million, down from CNY 925.94 million at the end of the previous period[24] Investments and Income - The company reported a significant increase in trading financial assets, which rose to CNY 608,310,068.94 from CNY 230,304,111.11, marking a 164.5% increase[14] - The company’s investment income increased by 1,194.04% year-over-year, amounting to an increase of ¥8,618,899.76, due to the expansion of bank wealth management products[8] - The company reported an investment income of CNY 9,340,728.53 for Q3 2021, compared to CNY 721,828.77 in Q3 2020, indicating a substantial increase[19] - The company received CNY 3.65 billion from investment recoveries, a significant increase from CNY 80 million in the previous period[23] Operational Changes - The number of students increased, contributing to a 35.71% year-over-year growth in operating revenue, amounting to an increase of ¥79,590,766.89[8] - The company reported a 64.50% increase in contract liabilities, amounting to an increase of ¥155,820,948.14, primarily due to pre-collection of tuition fees for the new academic year[8] - The company experienced a 100% increase in right-of-use assets, amounting to ¥22,617,311.08, due to the new leasing standards[8] - The company’s short-term borrowings decreased by 100%, amounting to a reduction of ¥135,172,368.79, as a result of repaying bank loans[8] Financial Position and Challenges - The company reported an accumulated deficit of ¥180,318,612.65 in retained earnings, reflecting ongoing financial challenges[28] - The company has a long-term loan of ¥1,040,000,000.00, which constitutes a significant portion of its non-current liabilities[28] - The capital reserve stands at ¥2,030,542,022.77, indicating a strong capital position[28] - The company has a total of ¥17,780,874.33 in payable employee compensation, reflecting its obligations to staff[28] - The company has a total of ¥7,267,005.54 in taxes payable, indicating its tax obligations for the period[28] Audit and Reporting - The company has not undergone an audit for the third quarter report, which may affect the reliability of the financial data presented[29] - The company has not applied the new leasing standards retroactively, which may impact future financial reporting[29]