证券代码：300359 证券简称：全通教育 公告编号：2022-030 全通教育集团（广东）股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重 大遗漏。 重要内容提示: 全通教育集团（广东）股份有限公司 2022 年第一季度报告全文 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗 漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 本报告期比上年 上年同期 | | | --- | --- | --- | --- | | | | 同期增减 | | | 营业收入（元） | 103,995,268.65 | 109,136,219.43 | -4.71% | | 归属于上市公司股东的净利润（元） | 2,475 ...

Financial Performance - The company reported a significant decline in performance, with an increase in credit impairment losses amounting to RMB 19.83 million year-on-year due to poor accounts receivable recovery [4]. - The net profit attributable to shareholders was ¥8,400,087.59, a significant decrease of 83.21% from ¥50,015,923.01 in the previous year [22]. - The net cash flow from operating activities decreased by 39.46% to ¥123,014,521.26 from ¥203,199,849.56 in 2020 [22]. - Basic earnings per share dropped by 87.50% to ¥0.01 from ¥0.08 in 2020 [22]. - The company reported a net asset attributable to shareholders of ¥667,165,424.11, a decrease of 1.27% from ¥675,741,884.34 in 2020 [22]. - The company experienced a negative net profit after deducting non-recurring gains and losses for the year [22]. - The total revenue for the year 2021 was reported at 1.2 billion RMB, representing a year-over-year increase of 15% [158]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the fiscal year, representing a 20% year-over-year growth [149]. Goodwill and Impairment - The goodwill impairment for certain subsidiaries totaled RMB 25.82 million, primarily from acquisitions that did not meet profit expectations [4]. - As of the end of the reporting period, the company's goodwill amounted to RMB 97.75 million, representing 14.65% of the net assets attributable to shareholders [5]. - The company's accounts receivable balance reached 232.61 million yuan, accounting for 18.18% of total assets at the end of the reporting period, indicating a risk of bad debts due to slow turnover [119]. - The company will closely monitor the operational status of its subsidiaries to mitigate the risk of goodwill impairment, ensuring stable development through improved management and market expansion [118]. Industry and Market Conditions - The company faces industry policy risks that could impact business operations if the national policy environment changes [7]. - The education information service industry is experiencing intensified competition, driven by technological advancements and new government policies [8]. - The company is committed to adapting to industry policy changes and technological upgrades to ensure sustainable growth in the education informationization market [106]. - The company is actively developing after-school extended services and teacher information literacy training services in line with the "double reduction" policy aimed at alleviating the burden on students [107]. Strategic Initiatives and Future Plans - Future plans and strategic developments mentioned in the report do not constitute a commitment to investors, highlighting the need for caution regarding investment risks [4]. - The company is focusing on the development of new platforms and integration of various educational technologies to enhance user experience and operational efficiency [71]. - The company plans to enhance its hardware integration and user experience through the development of new management systems and educational platforms [71]. - The company aims to enhance after-school service levels and quality, focusing on diverse service forms to meet students' varied needs, thereby increasing market penetration in after-school management services [114]. - The company is committed to promoting high-quality education through various training programs, with a total investment exceeding ¥2 billion across multiple initiatives [84]. Technological Advancements - The company is leveraging advancements in artificial intelligence and big data to enhance educational efficiency and management [33]. - The "Power Plus Smart Campus" service utilizes IoT, big data, and AI technologies to enhance school management and improve the quality of student life [38]. - The company has developed a comprehensive family education service for parents of children aged 3-18 through the "Growth Helper" platform, offering various educational resources and expert consultations [39]. - The company is focusing on integrating information technology into educational practices to enhance teaching quality [76]. Employee and Management Structure - The total number of employees at the end of the reporting period is 1,447, with 43 in the parent company and 1,404 in major subsidiaries [175]. - The company has a complete and independent personnel management system, ensuring that its management team is not influenced by the controlling shareholder [136]. - The company has implemented a performance evaluation mechanism for senior management, linking their compensation to company performance [190]. - The total remuneration paid to the board of directors, supervisors, and senior management during the reporting period was CNY 4.6609 million [161]. Financial Management and Governance - The company has established a robust internal control system to safeguard its financial operations and ensure compliance with regulations [139]. - The company emphasized compliance with relevant laws and regulations in its operations and decision-making processes [167]. - The board of directors actively monitored and pushed for the execution of resolutions to ensure timely and effective decision-making [167]. - The company has no shared bank accounts with controlling shareholders, maintaining financial independence [139]. Social Responsibility and Community Engagement - The company has consistently engaged in social responsibility, contributing positively to local tax revenues and employment opportunities [198]. - The company actively participates in charitable activities, making donations to individuals and schools [198]. - The company aims to maximize its social responsibility while pursuing economic benefits, promoting sustainable development [198].

Financial Performance - The company reported a significant decline in performance, with an increase in credit impairment losses amounting to RMB 19.83 million year-on-year due to poor accounts receivable recovery[6]. - The net profit attributable to shareholders for 2021 was ¥8,400,087.59, a significant decrease of 83.21% from ¥50,015,923.01 in 2020[29]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥7,647,641.84, marking a decline of 122.19% compared to ¥34,464,182.12 in 2020[29]. - The net cash flow from operating activities decreased by 39.46% to ¥123,014,521.26 in 2021 from ¥203,199,849.56 in 2020[29]. - The total assets at the end of 2021 were ¥1,279,456,461.26, down 4.67% from ¥1,342,069,036.57 at the end of 2020[29]. - The net assets attributable to shareholders at the end of 2021 were ¥667,165,424.11, a decrease of 1.27% from ¥675,741,884.34 at the end of 2020[29]. - The company reported a basic earnings per share of ¥0.01 for 2021, down 87.50% from ¥0.08 in 2020[29]. - The weighted average return on equity for 2021 was 1.26%, a decrease of 6.45% from 7.71% in 2020[29]. Goodwill and Impairment - The goodwill impairment for certain subsidiaries totaled RMB 25.82 million, primarily from acquisitions that did not meet profit expectations[6]. - As of the end of the reporting period, the company's goodwill was valued at RMB 97.75 million, representing 14.65% of the net assets attributable to shareholders[9]. - The company is monitoring the operational status of its subsidiaries closely to mitigate the risk of goodwill impairment[133]. Revenue and Business Segments - The company's operating revenue for 2021 was ¥722,165,316.29, representing a 2.36% increase compared to ¥705,501,351.02 in 2020[29]. - The revenue from the continuing education business reached ¥411,388,100.66, accounting for 56.97% of total revenue, with a year-on-year growth of 19.44%[68]. - The revenue from the family-school interaction upgrade business decreased by 23.74% to ¥138,184,221.94, down from ¥161,992,243.80[68]. - The company achieved a revenue of 722.17 million yuan in 2021, an increase of 2.36% year-on-year[57]. - The company’s software and information services segment generated ¥718,026,814.37, accounting for 99.43% of total revenue, with a slight increase of 1.93% year-on-year[68]. Market and Industry Trends - The company faces risks from industry policy changes that could impact business operations, as the education information service sector is influenced by national macroeconomic and policy factors[12]. - The education information service industry is undergoing transformation with the integration of AI, virtual reality, 5G, and cloud computing technologies, which presents both opportunities and challenges for the company[13]. - The demand for educational informationization has increased due to the COVID-19 pandemic and the promotion of digital economy initiatives[42]. - The overall market environment for education informationization is expected to improve due to supportive government policies and technological advancements[122]. Strategic Initiatives - The company is actively expanding its services in response to the "double reduction" policy, focusing on after-school services and teacher training[41]. - Future plans and strategic developments are subject to market conditions and regulatory environments, highlighting the need for careful risk management[8]. - The company plans to leverage advancements in artificial intelligence and big data to enhance educational efficiency and improve management operations[124]. - The company aims to enhance user satisfaction and loyalty by optimizing educational products and services in response to diverse needs from teachers and parents[128]. Research and Development - The company reported a total of ¥34,029,825.41 in R&D expenses for 2021, which is a decrease of 10.52% from ¥38,030,635.56 in 2020[83]. - The company is focusing on the integration of information technology in education, aligning course content with the latest developments in the field[99]. - The company is investing 100 million RMB in R&D for new educational technologies over the next two years[169]. Management and Governance - The company has established a performance evaluation and incentive mechanism for senior management to align with its development status and attract talent[146]. - The company maintains independence from its controlling shareholder in terms of business operations, personnel, assets, and finances, ensuring no conflicts of interest[149]. - The company has a complete governance structure with a board of directors, supervisory board, and general manager, ensuring independence from shareholders[152]. - The board of directors held a total of 7 meetings during the reporting period, with all members attending at least 4 meetings in person[180]. Employee and Compensation - The total number of employees at the end of the reporting period was 1,447, with 1,404 from major subsidiaries and 43 from the parent company[188]. - The total employee compensation during the reporting period was CNY 101.23 million, accounting for 15.25% of the total company costs[190]. - The company has implemented a stock incentive plan since 2019 to attract and retain core talent[189]. Cash Flow and Investments - The net cash flow from investment activities turned negative at CNY -10.99 million, a decline of 112.47% from CNY 88.15 million in 2020[101]. - The company reported an investment income of CNY 11.36 million, accounting for 30.73% of total profit, primarily from the disposal of joint ventures[103]. - The company is focusing on reducing investment losses and enhancing its core business capabilities to ensure sustainable development[116].

全通教育集团（广东）股份有限公司 2021 年第三季度报告 证券代码：300359 证券简称：全通教育 公告编号：2021-061 全通教育集团（广东）股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大 遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗 漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 (二)非经常性损益项目和金额 √ 适用 □ 不适用 单位：元 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | | 同期增减 | | 营业收入（元） | 166,504,849 ...

Financial Performance - The company reported a revenue of ¥275,679,623.20 for the current period, representing a year-over-year increase of 12.63% compared to ¥244,762,158.04 in the same period last year[26]. - Net profit attributable to shareholders decreased by 22.90% to ¥7,731,284.67 from ¥10,027,696.01 in the previous year[26]. - The net profit after deducting non-recurring gains and losses was negative at ¥1,306,746.65, a decline of 119.85% compared to ¥6,583,614.67 in the previous year[26]. - The company experienced a net cash flow from operating activities of -¥53,144,366.71, an improvement of 17.09% from -¥64,095,578.77 in the previous year[26]. - Total assets decreased by 12.43% to ¥1,175,270,550.72 from ¥1,342,069,036.57 at the end of the previous year[26]. - The weighted average return on equity was 0.98%, down from 1.59% in the previous year, reflecting a decrease of 0.61%[26]. - The company’s basic earnings per share fell by 50.00% to ¥0.01 from ¥0.02 in the previous year[26]. - The company reported a total revenue of 224.11 million for the first half of 2021, reflecting a significant increase compared to the previous period[118]. - The company reported a net profit margin of 20%, up from 18% in the previous year, reflecting improved operational efficiency[188]. - The total revenue for the first half of 2021 was reported at 634.2 million, a decrease of 10% compared to the previous period[192]. Assets and Liabilities - As of the end of the reporting period, the company's goodwill amounted to 123.57 million yuan, accounting for 18.49% of the net assets attributable to shareholders[5]. - The accounts receivable balance was 239.18 million yuan, representing 20.35% of total assets, indicating a slower turnover rate due to the nature of the education information projects[6]. - Total liabilities decreased from CNY 555,391,630.84 to CNY 411,815,789.98, reflecting a reduction of approximately 26%[165]. - The company's total assets decreased from CNY 1,342,069,036.57 to CNY 1,175,270,550.72, a decline of about 12.4%[166]. - The total equity attributable to shareholders decreased from CNY 675,741,884.34 to CNY 668,459,245.14, a reduction of approximately 1.9%[166]. - The company's cash and cash equivalents decreased by 139.43% to -¥161,982,450.52 from -¥67,653,731.73, largely due to loan repayments[59]. - The total restricted assets amounted to ¥303,398,811.38[71]. - The company reported a total of 66 million in retained earnings, reflecting a strong financial foundation for future investments[200]. Risks and Challenges - The company faces risks related to industry policy changes that could impact its business operations[7]. - The competitive landscape in the education sector is intensifying, driven by advancements in technologies such as 5G, AI, and big data[9]. - The company is at risk of losing core personnel, which could affect its business development due to rising human resource costs[10]. - The company is subject to potential bad debt risks due to the high accounts receivable balance, which could impact cash flow and operational performance[6]. - The company faces risks related to goodwill impairment due to potential underperformance of acquired subsidiaries[85]. - The company acknowledges the risk of intensified industry competition and emphasizes the need for continuous product and technology innovation[89]. - The company is exposed to high accounts receivable risks, which could impact cash flow and operational performance[87]. - The company is subject to industry policy risks that could affect its business operations due to changes in national policies[88]. Strategic Initiatives - The company is focusing on upgrading its family-school interaction services and expanding its educational information services across various educational sectors[33][41]. - The company is actively exploring product transformation and upgrading strategies to enhance its educational information construction and service capabilities[41]. - The company has developed over 2,000 hours of online course resources, significantly enriching its course library, and offers nearly 1,000 training themes for teachers to choose from[44]. - The company has established deep cooperation with China Mobile in smart campus business, covering areas such as safe campus and interactive student cards[45]. - The company is actively exploring new business models in after-school care and has achieved positive results in multiple cities in Guangdong Province[43]. - The company is positioned to benefit from the ongoing government policies promoting the modernization of vocational education and the demand for skilled talent[47]. - The company is focusing on the integration of new technologies in education, moving from basic management information to teaching activity information[49]. - The company has implemented a competitive compensation and benefits system, along with an equity incentive plan to enhance the loyalty of core technical personnel[90]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares during the reporting period[11]. - The company repurchased and canceled 440,000 shares of restricted stock due to unmet performance conditions, reducing total shares from 634,103,422 to 633,663,422[99]. - The second lock-up period for the 2019 stock incentive plan was achieved, allowing 330,000 shares to be released for trading, which is 0.05% of the total shares[101]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[110]. - The company has actively communicated with investors through various channels to enhance transparency and protect shareholder rights[105]. - The company has not conducted any targeted poverty alleviation work during the reporting period and has no plans for future initiatives[107]. - The company has maintained a consistent dividend policy, with retained earnings of 1,000,000,000.0 yuan[197]. Future Outlook - The company has provided a future outlook, projecting a revenue growth of 15% for the next quarter, driven by new product launches and market expansion strategies[118]. - The company is actively pursuing market expansion, targeting new regions with a projected investment of 50 million in marketing and infrastructure[118]. - The company is exploring acquisition opportunities to enhance its product portfolio, with a budget of $100 million allocated for potential mergers[188]. - Future guidance indicates a projected revenue growth of 5% to 10% for the next quarter[192]. - The company plans to expand its market presence by launching new educational products and services in the upcoming quarters[192]. - The company aims for a revenue growth target of 10% for the full year 2021[193]. - The company plans to expand its market presence and invest in new technology development in the upcoming fiscal year[198].

Financial Performance - The company's revenue for Q1 2021 was ¥109,136,219.43, representing a 16.41% increase compared to ¥93,747,698.85 in the same period last year[7] - Net profit attributable to shareholders was ¥8,860,334.79, a significant increase of 142.36% from ¥3,655,879.72 year-on-year[7] - The net profit after deducting non-recurring gains and losses decreased by 38.68% to ¥603,491.34 from ¥984,178.35 in the previous year[7] - The company reported a diluted earnings per share of ¥0.0140, reflecting a change due to capital adjustments[7] - Net profit for Q1 2021 reached CNY 9,409,320.37, compared to CNY 2,352,976.80 in the same period last year, reflecting a significant increase of approximately 299%[56] - The total comprehensive income for Q1 2021 was CNY 9,409,320.37, compared to CNY 2,352,976.80 in the prior year, indicating a growth of approximately 299%[57] Cash Flow - The net cash flow from operating activities improved by 83.59%, reaching -¥13,600,316.27 compared to -¥82,886,560.19 in the same period last year[7] - Cash inflow from operating activities totaled CNY 136,897,494.04, an increase from CNY 129,789,831.84 year-over-year[64] - Cash outflow from operating activities was CNY 150,497,810.31, compared to CNY 212,676,392.03 in the previous period, resulting in a net cash flow from operating activities of CNY -13,600,316.27[64] - Cash inflow from investment activities was CNY 98,589,143.79, significantly higher than CNY 34,605,159.42 in the previous period[64] - Net cash flow from investment activities was CNY 20,125,258.96, up from CNY 3,121,499.83 year-over-year[64] - Cash outflow from financing activities was CNY 91,336,890.78, compared to CNY 39,524,858.89 in the previous period[65] - The net cash flow from financing activities was CNY -61,336,890.78, worsening from CNY -9,524,858.89 in the previous period[65] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,229,562,036.72, down 8.38% from ¥1,342,069,036.57 at the end of the previous year[7] - The company's total current assets decreased to CNY 787,621,204.13 from CNY 887,551,682.21, representing a reduction of about 11.3%[46] - Cash and cash equivalents decreased to CNY 442,054,667.86 from CNY 526,613,501.35, a decline of approximately 16.0%[46] - The total liabilities of the company decreased to CNY 450,057,187.00 from CNY 555,391,630.84, indicating a reduction of about 19.0%[48] - The company's total equity as of March 31, 2021, was CNY 779,504,849.72, down from CNY 786,677,405.73, a decrease of approximately 0.2%[49] Shareholder Information - The top ten shareholders held a total of 45,366 shares, with the largest shareholder, Chen Zhichang, owning 13.72% of the shares[11] - The company's goodwill at the end of the reporting period was ¥123,573,900, accounting for 18.33% of the net assets attributable to shareholders[28] Operational Developments - The company is advancing its "and education + smart management software" transformation plan, with the interactive student card platform being implemented in multiple provinces[25] - The company is developing a post-school care platform, which has made initial progress in several provinces and cities[25] - The company continues to optimize its education application products, integrating 5G technology for smart campus solutions[26] - The company has established a partnership with China Mobile in Guizhou to develop a smart education cloud platform, serving millions of users[26] Risks and Challenges - The accounts receivable balance was ¥208,919,400, representing 16.99% of total assets, indicating a risk of bad debts due to slow turnover[29] - The company plans to enhance internal management and closely monitor subsidiary operations to mitigate goodwill impairment risks[28] - The company will strengthen customer credit investigations and improve collection efforts to address high accounts receivable risks[30] - The company faces risks from industry policy changes that could impact its operations, and it plans to adapt its business direction accordingly[31] - The competitive landscape in the education technology sector is intensifying, prompting the company to focus on user-oriented service and continuous product development[32] Employee Management - The company has implemented measures to retain key personnel and enhance their loyalty through competitive compensation and a supportive work environment[33] Investment and Fund Management - The company has successfully extended the operational period of the Nantong Muhua Fund until December 9, 2022, and transferred its stake in the Zhongshan Quanzhong Innovation Fund[35]

Financial Performance - The company's operating revenue for 2020 was ¥705,501,351.02, a decrease of 1.70% compared to ¥717,695,781.10 in 2019[24]. - Net profit attributable to shareholders was ¥50,015,923.01, representing a significant increase of 107.09% from a loss of ¥704,975,871.62 in 2019[24]. - The net profit after deducting non-recurring gains and losses was ¥34,464,182.12, up 104.81% from a loss of ¥716,339,271.40 in the previous year[24]. - The net cash flow from operating activities increased by 16.37% to ¥203,199,849.56, compared to ¥174,614,926.30 in 2019[24]. - The total assets at the end of 2020 were ¥1,342,069,036.57, a slight decrease of 0.65% from ¥1,350,844,980.91 at the end of 2019[24]. - The net assets attributable to shareholders increased by 8.30% to ¥675,741,884.34 from ¥623,977,262.84 in 2019[24]. - The company reported a basic earnings per share of ¥0.08, compared to a loss of ¥1.11 per share in 2019, marking a 107.21% improvement[24]. - The gross margin for 2020 was reported at 45%, an improvement from 42% in 2019, indicating better cost management[141]. - The company reported a total revenue of 1.5 billion RMB for the year 2020, representing a year-over-year increase of 12%[141]. Assets and Liabilities - The company's goodwill amounted to RMB 123.57 million, accounting for 18.29% of the net assets attributable to shareholders at the end of the reporting period[6]. - Accounts receivable stood at RMB 226.18 million, representing 16.85% of total assets, indicating a slower turnover rate due to the nature of the education information projects[7]. - The company's monetary funds at the end of 2020 amounted to ¥526,613,501.35, representing 39.24% of total assets, up from 29.97% at the beginning of the year[95]. - The company’s long-term equity investments decreased by 7.18% to ¥50,900,196.58, primarily due to the recovery of investment funds[95]. - The company’s short-term borrowings decreased by 2.23% to ¥198,113,435.24, reflecting a reduction in debt levels[95]. Dividends and Profit Distribution - The company plans not to distribute cash dividends or issue bonus shares, nor to increase capital from reserves[12]. - The company reported a total distributable profit for the year was negative, indicating financial challenges that may affect future dividend distributions[131]. - The company did not distribute any cash dividends, issue bonus shares, or increase capital from reserves for the fiscal year 2020, maintaining a consistent policy from previous years[128][132]. Risks and Challenges - The company faces risks related to goodwill impairment, high accounts receivable, industry policy changes, intensified competition, and potential loss of key personnel[6][7][10][11]. - The company faces risks related to slow accounts receivable turnover due to lengthy client payment approval processes, which could impact cash flow and operational performance[120]. - The company is exposed to policy risks in the education information services sector, necessitating close monitoring of government regulations and potential adjustments in business strategy[121]. - The competitive landscape is intensifying with advancements in technologies such as 5G and AI, requiring the company to enhance product and technology iterations to maintain its competitive edge[122]. - The company is implementing measures to mitigate the risk of core personnel turnover by improving human resource policies and offering competitive compensation packages[123]. Technological Advancements and Innovations - The company emphasizes the importance of keeping pace with technological advancements in 5G, AI, and big data to maintain its competitive edge[10]. - The company has developed a comprehensive product system for smart campus solutions, leveraging 5G and IoT technologies[39]. - The company launched new educational products, including "Smart Campus" and "All Course Pass," aimed at enhancing educational services for students and parents[34][36]. - The "动力加·智能校园" business integrated AI technology in K12 smart campus construction, providing temperature measurement and face recognition technology for pandemic prevention[55]. - The "成长帮手" product was upgraded using big data, offering personalized learning experiences for parents and children, and launched public health education initiatives during the pandemic[56]. Market Environment and Strategy - The company operates in a market environment characterized by both opportunities and fierce competition due to favorable government policies[10]. - The education informationization industry is expected to continue its growth trajectory, driven by government policies and increased funding, creating opportunities for the company[108]. - The company aims to enhance its market share by focusing on "massive users + service overlay" strategy, aligning with the national education informationization policies[113]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[145]. Research and Development - Research and development expenses amounted to ¥54,015,436.22, representing 7.66% of the operating revenue[82]. - The number of R&D personnel was 327, making up 19.40% of the total workforce[82]. - The company has focused on developing new technologies and enhancing product types to increase user engagement and core competitiveness[81]. - The company has implemented several R&D projects, including a cloud live streaming system, with varying completion rates[83]. Corporate Governance and Compliance - The company reported a commitment to strictly adhere to shareholding reduction promises, with a 6.89% share reduction commitment effective for 18 months from October 29, 2020, until April 28, 2022[140]. - The company has committed to reducing related party transactions post-transaction completion, ensuring compliance with market principles and fair pricing[137]. - The company will ensure that any necessary related party transactions are conducted at market prices and in compliance with relevant laws and regulations[137]. - The company has established measures to resolve potential conflicts arising from similar business operations with its subsidiaries, including the option to sell or transfer relevant assets[140]. Social Responsibility and Community Engagement - The company has actively engaged in social responsibility initiatives, including donations to individuals and schools[183]. - The company has complied with labor laws, providing employees with social insurance and a healthy work environment[182]. Future Outlook - The company provided a future outlook projecting a revenue growth of 15% for 2021, driven by new product launches and market expansion strategies[143]. - The company plans to deepen its research and innovation capabilities, focusing on personalized training tools and developing a series of advanced courses for teachers in 2021[116].

Financial Performance - Operating revenue for the reporting period was CNY 142,145,493.56, down 28.48% year-on-year[7] - Net profit attributable to shareholders was CNY 18,562,182.19, an increase of 130.04% compared to the same period last year[7] - The company reported a net profit attributable to shareholders of CNY 28,589,878.20 for the year-to-date, an increase of 264.37% compared to the same period last year[7] - Net profit for Q3 2020 reached CNY 25,915,175.22, compared to CNY 16,949,354.30 in the same period last year, representing a year-over-year increase of 53.5%[49] - The company's operating profit for Q3 2020 was CNY 32,532,612.77, up from CNY 17,562,495.54 in the previous year, indicating an increase of 85.3%[49] - The company reported a net loss of CNY -900,387,671.20 in retained earnings, an improvement from CNY -991,556,571.03[45] - The company reported a cash inflow of 184,490,000.00 CNY from investment recoveries, significantly higher than 100,830,000.00 CNY in the previous period[66] - The total comprehensive income for Q3 2020 was CNY 25,915,175.22, compared to CNY 16,949,354.30 in the previous year, marking a growth of 53.5%[50] Cash Flow - Net cash flow from operating activities was CNY 56,691,956.38, up 153.35% year-on-year[7] - The net cash flow from operating activities was -7,403,622.39 CNY, a decrease from -45,322,112.50 CNY in the previous period, indicating a significant improvement[65] - Total cash inflow from investment activities was 185,823,690.88 CNY, compared to 101,728,567.46 CNY in the previous period, reflecting a strong increase of approximately 82.7%[66] - The net cash flow from financing activities was -52,084,348.57 CNY, an improvement from -95,358,075.66 CNY in the previous period, showing a reduction in cash outflow[66] - The cash outflow for financing activities totaled 101,904,033.81 CNY, down from 182,529,690.66 CNY, indicating a reduction of approximately 44%[66] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,270,737,581.91, a decrease of 5.93% compared to the end of the previous year[7] - Total liabilities amounted to CNY 544,869,517.84, a decline from CNY 694,135,232.10 in the previous period[45] - Owner's equity increased to CNY 811,629,437.09 from CNY 719,307,037.26 year-over-year[45] - Total current liabilities increased by CNY 92,619,182.77 due to the reclassification of prepayments to contract liabilities[74] - The company reported a negative retained earnings of CNY -1,026,361,680.82, indicating accumulated losses[74] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 50,959[11] - The largest shareholder, Chen Zhichang, held 18.28% of the shares, amounting to 115,944,903 shares[11] - The company’s major shareholders signed a share transfer agreement on September 7, 2020, transferring 6.8911% of the total share capital to a new entity[22] - The company’s major shareholders signed a share transfer agreement, planning to transfer 14.89% of the total share capital to Zhongwen Xushun[25] - The company’s total pledged shares by major shareholders and their concerted actions reached 160,595,098 shares, accounting for 25.33% of the total share capital[27] Operational Highlights - The company received government subsidies amounting to CNY 5,826,478.60 during the reporting period[8] - The company aims to enhance market expansion and product development strategies to drive future growth[60] - The company’s goodwill impairment risk has significantly decreased, indicating improved operational performance of acquired subsidiaries[31] Research and Development - Research and development expenses increased to CNY 8,976,845.55 in Q3 2020, compared to CNY 6,371,801.09 in the same period last year, reflecting a growth of 40.5%[48] - Research and development expenses were CNY 4,024,510.49, a slight decrease from CNY 4,474,661.52, reflecting ongoing investment in innovation[60] Tax and Expenses - Total tax expenses surged by 696.77% to ¥10,180,788.97, driven by an increase in total profit[20] - The total operating costs for Q3 2020 were CNY 124,359,991.74, down from CNY 187,727,793.49 in the previous year, a decrease of 33.7%[48] - The total operating costs for the year-to-date period were CNY 343,786,313.90, down from CNY 446,507,493.90 in the previous year, a decrease of 23.0%[56] Investment Income - The company reported a significant decrease in investment income by 80.27% to ¥1,503,033.72, mainly due to reduced gains from the disposal of subsidiaries[19] - Investment income for the first three quarters was CNY 108,504,810.40, slightly down from CNY 111,945,441.33 year-on-year[60] - The company reported investment income of CNY 2,920,799.36 for Q3 2020, compared to CNY 2,537,212.81 in the previous year, an increase of 15.1%[48]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥244,762,158.04, a decrease of 1.32% compared to the same period last year[21]. - The net profit attributable to shareholders was ¥10,027,696.01, representing a significant increase of 139.38% from a loss of ¥25,462,749.83 in the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥6,583,614.67, up 119.12% from a loss of ¥34,433,995.46 in the same period last year[21]. - The basic earnings per share improved to ¥0.02, compared to a loss of ¥0.04 per share in the previous year, marking a 150.00% increase[21]. - The company achieved a revenue of 24,476.22 million CNY in the first half of 2020, a year-on-year decrease of 1.32%[48]. - The net profit attributable to shareholders increased by 139.38% to 1,002.77 million CNY, primarily due to a significant reduction in costs associated with online training during the pandemic[48]. - The company reported a net loss of CNY 1,017,787,484.81 in retained earnings as of June 30, 2020, compared to a loss of CNY 1,026,361,680.82 at the end of 2019[161]. - Total comprehensive income for the first half of 2020 was CNY 78,321,550.15, compared to CNY 8,115,445.20 in the same period of 2019, indicating a significant increase[173]. Assets and Liabilities - The total assets as of June 30, 2020, were ¥1,208,049,201.08, a decrease of 10.57% from the end of the previous year[21]. - The total liabilities included short-term borrowings of ¥229,089,685.24, an increase of 8.69% due to bank loan repayments[66]. - The company's total liabilities decreased to CNY 490,967,724.53 from CNY 640,493,797.46, indicating a reduction of around 23.3%[160]. - The company's total equity increased slightly to CNY 717,081,476.55 from CNY 710,351,183.45, showing a marginal growth of about 0.1%[161]. - The accounts receivable balance was ¥263,413,400, representing 21.80% of total assets, indicating a risk of slow turnover[6]. - The total restricted assets at the end of the reporting period amounted to CNY 410,621,188.04, primarily due to loan pledges[68]. Cash Flow - The company reported a net cash flow from operating activities of -¥64,095,578.77, an improvement of 5.32% from -¥67,699,069.42 in the previous year[21]. - The company reported a net cash flow from investment activities of ¥32,529,956.23, a significant increase of 345.20% due to the recovery of investment funds[56]. - Cash inflow from operating activities was CNY 221,777,180.34, a decrease of 43.7% from CNY 394,180,318.60 in the previous year[176]. - The ending cash and cash equivalents balance was CNY 288,648,377.53, compared to CNY 247,554,211.06 at the end of the first half of 2019[177]. Business Operations - The main business of the company remains focused on educational information services, covering areas such as basic education, family education, and continuing education for teachers[29]. - The company has developed several key products, including "Smart Campus" which integrates IoT and AI technologies to enhance school management and safety[31]. - The "All Course Pass" product aims to improve students' learning efficiency by providing personalized resources based on their assessment results[32]. - The "Growth Helper" service offers comprehensive family education resources and expert consultations for parents of children aged 3-18[34]. - The company is actively involved in the continuing education sector for K-12 teachers, providing training services through its subsidiary, which is recognized by the Ministry of Education[34]. - The company has developed a remote live training platform, conducting nearly 100 synchronous online training sessions nationwide in the first half of 2020[51]. Research and Development - The company has over 300 software copyrights and holds a high-tech enterprise certificate and CMMI Level 5 qualification, enhancing its R&D capabilities[45]. - The company’s R&D investment was ¥14,965,425.67, a decrease of 8.24% compared to the previous year[56]. - Development expenditures grew by 42.61% compared to the beginning of the year, driven by increased investment in courseware and software development[40]. Shareholder Information - The company held its first temporary shareholders' meeting with a participation rate of 27.65%[87]. - The annual shareholders' meeting had a participation rate of 29.27%[87]. - The total number of ordinary shareholders at the end of the reporting period was 48,440[138]. - Chen Zhichang holds 18.28% of the shares, totaling 115,944,903, with 86,958,677 shares under lock-up[138]. - The company has a stock incentive plan approved on April 25, 2019, aimed at motivating employees[100]. Legal Matters - The company has ongoing litigation involving a rental contract dispute with a claim amount of 720,000 yuan[93]. - The company has also initiated a lawsuit against Guangzhou Hongjin for a procurement refund of 61,450 yuan[93]. - The company has received a court ruling in its favor regarding a case against Shenzhen Zhenhao, with an amount of 73,997.2 yuan to be executed[93]. - The company is involved in multiple legal disputes, with claims amounting to 233.29 yuan in one case[96]. Market and Competition - The company has faced risks from intensified industry competition, necessitating continuous product development and service quality improvement[82]. - The company plans to focus on market expansion and new product development to drive future growth[166].

Financial Performance - The company reported a significant increase in revenue for the fiscal year 2019, with total revenue reaching RMB 1.2 billion, representing a year-on-year growth of 15%[15]. - The company's operating revenue for 2019 was ¥717,695,781.10, a decrease of 14.53% compared to ¥839,676,332.21 in 2018[20]. - The net profit attributable to shareholders was -¥704,975,871.62, representing a decline of 7.28% from -¥657,139,722.84 in the previous year[20]. - The net cash flow from operating activities was ¥174,614,926.30, down 16.48% from ¥209,066,922.93 in 2018[20]. - The total assets at the end of 2019 were ¥1,350,844,980.91, a decrease of 37.32% from ¥2,155,070,812.17 in 2018[20]. - The net assets attributable to shareholders decreased by 53.78% to ¥623,977,262.84 from ¥1,349,923,234.89 in 2018[20]. - The basic and diluted earnings per share were both -¥1.11, a decrease of 6.73% from -¥1.04 in 2018[20]. - The weighted average return on equity was -70.68%, down 32.81% from -37.87% in the previous year[20]. - The company achieved total revenue of 717.70 million yuan in 2019, a year-on-year decrease of 14.53%[48]. - The net profit attributable to shareholders of the parent company was -704.98 million yuan, primarily due to asset impairment losses related to goodwill[48]. User Growth and Engagement - The number of active users for the company's educational platform increased to 5 million, up from 4 million in the previous year, indicating a growth rate of 25%[15]. - The company’s continuing education business focuses on providing training services for primary and secondary school teachers, leveraging a platform established in 2002 that is recognized by the Ministry of Education[35]. - The company has established a strong customer resource advantage by serving a large number of primary and secondary school teachers and principals through its continuing education business[43]. - The company has expanded its service capabilities across multiple provinces, reaching millions of families in the basic education sector[43]. Research and Development - The company plans to invest RMB 200 million in research and development for new educational technologies in 2020, aiming to enhance its competitive edge in the market[15]. - The company reported a significant increase in R&D expenses, totaling ¥63,670,519.08, which represents 8.87% of the operating revenue, up from 5.54% in the previous year[76]. - The number of R&D personnel increased to 333, making up 21.01% of the total workforce, compared to 17.95% in 2018[76]. - The company has over 300 software copyrights and holds a CMMI Level 5 certification, enhancing its R&D capabilities in education technology[48]. - The company is actively pursuing a transformation strategy for its basic business, integrating new technologies and expanding value-added services[49]. Market Strategy and Competition - The company is exploring potential mergers and acquisitions to expand its market presence, particularly in the areas of artificial intelligence and big data applications in education[15]. - The company faces intensified competition in the education sector, driven by advancements in technology and changing market dynamics[7]. - The company emphasizes the importance of integrating emerging technologies like AI and big data into education, driving innovation in educational informationization[104]. - The company will focus on the "massive users + service overlay" strategy to solidify its market position in educational information services[106]. Risk Management - The company has identified risks related to high accounts receivable, with a balance of RMB 300 million, which could impact cash flow if clients default[6]. - The company has established a comprehensive risk management framework to address potential challenges, including goodwill impairment and industry competition[5]. - The company recognizes the risk of goodwill impairment due to acquisitions, with a focus on monitoring subsidiary performance to mitigate this risk[112]. - The company faces risks related to high accounts receivable and increased industry competition, necessitating proactive management strategies[113][114]. Financial Management and Investments - The company did not plan to distribute cash dividends or issue bonus shares for the fiscal year 2019, focusing instead on reinvestment for growth[9]. - The total investment amount for the reporting period was CNY 98.26 million, representing a significant increase of 354.19% compared to CNY 21.63 million in the previous year[95]. - The company’s cash and cash equivalents increased by CNY -19.98 million, a decline of 173.05% compared to an increase of CNY 27.35 million in the previous year[84]. - The company’s monetary funds at the end of the year amounted to CNY 404.85 million, accounting for 29.97% of total assets, up from 18.83% at the beginning of the year[89]. Corporate Governance and Compliance - The company has maintained strict adherence to legal regulations regarding related party transactions, ensuring transparency and compliance[127]. - There have been no violations of commitments regarding the use of company funds for personal or related party transactions during the reporting period[127]. - The company has committed to compensating any losses incurred by investors due to false statements or omissions in its prospectus, ensuring accountability[127]. - The company has established various channels for investor communication, enhancing transparency and protecting shareholder rights[176]. Social Responsibility - The company has actively engaged in social responsibility, contributing to local tax revenues and participating in public welfare initiatives[178]. - The company strictly adheres to labor laws, providing employees with social insurance and a healthy work environment[177]. - The company has maintained compliance with environmental regulations and is not classified as a major pollutant discharge unit[179].