KINGSUN(300235)2024-10-24 08:52Financial Performance - The company's revenue for Q3 2024 was ¥31,248,747.79, a decrease of 0.84% compared to the same period last year[2]. - Net profit attributable to shareholders was ¥8,914,561.63, down 36.65% year-on-year[2]. - The net profit after deducting non-recurring gains and losses was ¥6,804,966.94, a decline of 38.50% compared to the previous year[2]. - Total operating revenue for Q3 2024 reached ¥73,726,631.27, an increase of 7.5% compared to ¥68,673,469.11 in Q3 2023[14]. - Net profit for Q3 2024 was ¥18,732,018.31, a decrease of 30.9% from ¥27,080,930.91 in Q3 2023[15]. - The total comprehensive income for the period attributable to the parent company was CNY 18,732,018.31, a decrease from CNY 26,984,261.88 in the previous period, representing a decline of approximately 30.6%[16]. - Basic and diluted earnings per share for the current period were CNY 0.0747, down from CNY 0.1076 in the previous period, reflecting a decrease of about 30.6%[16]. Assets and Liabilities - The total assets at the end of the reporting period were ¥725,837,823.40, reflecting a slight increase of 0.33% from the end of the previous year[2]. - The total assets as of the end of Q3 2024 were ¥725,837,823.40, slightly up from ¥723,448,125.72 at the end of Q3 2023[13]. - The total liabilities for Q3 2024 were ¥20,244,380.44, compared to ¥15,249,408.55 in Q3 2023, indicating a significant increase of 32.5%[13]. - The company's equity attributable to shareholders was ¥705,593,442.96, down from ¥708,198,717.17 in the previous year[13]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥28,071,975.69, an increase of 106.39% compared to the previous year[2]. - Cash inflow from operating activities totaled CNY 95,085,619.83, compared to CNY 100,707,775.29 in the previous period, indicating a decrease of approximately 5.3%[16]. - The net cash flow from operating activities was CNY 28,071,975.69, an increase from CNY 13,601,528.82 in the previous period, showing a growth of about 106.4%[16]. - Cash inflow from investment activities was CNY 694,516,849.54, up from CNY 648,896,104.86 in the previous period, representing an increase of approximately 7.0%[17]. - The net cash flow from investment activities was negative at CNY -106,150,542.16, compared to a positive CNY 47,854,847.86 in the previous period[17]. - Cash outflow from financing activities totaled CNY 22,586,859.90, compared to CNY 6,791,067.60 in the previous period, indicating an increase of approximately 232.5%[17]. - The ending balance of cash and cash equivalents was CNY 50,681,516.40, down from CNY 265,112,685.92 in the previous period, reflecting a decrease of about 80.9%[17]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 26,790, with the top 10 shareholders holding a combined 52.74% of shares[8]. - Huang Yuanzhong, the largest shareholder, holds 14.71% of shares, totaling 37,032,935 shares[8]. - The total number of shares held by the top 10 unrestricted shareholders is 48,615,380[9]. - The company has a total of 48,615,380 restricted shares at the beginning of the period, with 48,614,622 remaining at the end of the period[11]. - The company has no new restricted shares added during the reporting period[10]. Expenses - The company reported a significant increase in sales expenses by 53.29%, attributed to enhanced marketing efforts for educational products[7]. - Total operating costs for Q3 2024 were ¥56,886,315.34, up 19.4% from ¥47,611,217.30 in the same period last year[14]. - Research and development expenses for Q3 2024 amounted to ¥15,163,345.66, compared to ¥14,344,960.42 in Q3 2023, reflecting a year-over-year increase of 5.7%[14]. - The company reported a decrease in tax expenses to ¥3,531,808.11 in Q3 2024 from ¥4,839,473.69 in Q3 2023, a reduction of 27.0%[15]. Investments - The company experienced a 71.98% decrease in cash and cash equivalents, primarily due to investments in bank wealth management products[6]. - The company’s investment income decreased by 72.94%, mainly due to losses from invested enterprises[7]. - The company's long-term equity investments are valued at ¥111,545,547.49, a slight decrease from ¥113,503,838.75 at the beginning of the period[12]. - The total amount of trading financial assets increased to ¥350,590,483.08 from ¥160,123,212.39[12]. Future Outlook - The company has not reported any new product launches or significant market expansion strategies in this quarter[2]. - The company plans to continue focusing on market expansion and new product development to drive future growth[14]. Accounting and Auditing - The company did not undergo an audit for the third quarter report[18]. - The company will implement new accounting standards starting in 2024, but this does not apply to the current report[18].