学大教育(000526) - 2024 Q3 - 季度财报

Revenue and Profit - Revenue for Q3 2024 reached ¥626,903,061.42, an increase of 15.70% year-over-year, while year-to-date revenue totaled ¥2,246,816,944.46, up 25.29% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2024 was ¥14,185,764.02, a decrease of 49.67% year-over-year, with year-to-date net profit at ¥175,728,017.03, reflecting a 50.16% increase[3] - Basic and diluted earnings per share for Q3 2024 were both ¥0.1205, down 48.42% year-over-year, while year-to-date earnings per share stood at ¥1.4922, up 51.38%[3] - Total operating revenue for the current period reached ¥2,246,816,944.46, a 25.3% increase from ¥1,793,359,810.99 in the previous period[16] - Net profit for the current period was ¥172,934,731.12, representing a 51.3% increase compared to ¥114,313,174.44 in the previous period[17] - Basic and diluted earnings per share for the current period were both ¥1.4922, up from ¥0.9857 in the previous period[18] Assets and Liabilities - Total assets as of the end of Q3 2024 amounted to ¥3,856,041,965.25, representing a 22.32% increase from the end of the previous year[3] - The company's total liabilities increased to CNY 3.06 billion, up from CNY 2.56 billion, reflecting a growth of approximately 19.6%[14] - The company's total current liabilities rose to CNY 2.37 billion, compared to CNY 1.93 billion, an increase of approximately 22.8%[14] - Shareholders' equity attributable to the parent company reached ¥806,913,492.17, a 33.56% increase compared to the end of the previous year[3] - The company's total equity attributable to shareholders increased to CNY 806.91 million from CNY 604.14 million, a growth of approximately 33.6%[15] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥690,351,682.61, reflecting a 4.66% increase[3] - Net cash flow from operating activities increased by 4.66% to ¥690.35 million, driven by an increase in advance payments for educational training services[7] - Net cash flow from investing activities decreased by 7.19% to -¥466.99 million, mainly due to an increase in net holdings of financial products[7] - Net cash flow from financing activities improved by 66.18% to -¥156.43 million, primarily due to an increase in credit borrowings during the reporting period[7] - The net cash flow from financing activities improved to -$156,433,262.11 from -$462,500,098.06, showing a positive trend[20] - The ending balance of cash and cash equivalents rose to $726,324,327.05 from $527,209,980.91, marking a 37.7% increase[20] Expenses - Total operating costs increased to ¥2,038,698,797.09, up 25.5% from ¥1,624,752,641.29 in the previous period[16] - Management expenses rose by 41.95% to ¥366.47 million, primarily due to increased personnel costs and share-based payments[7] - Sales expenses increased to ¥135,831,979.05 from ¥116,939,123.32, reflecting a 16.3% rise[16] - Research and development expenses increased by 32.47% to ¥26.53 million, attributed to higher personnel costs[7] - Research and development expenses rose to ¥26,532,821.08, up from ¥20,029,567.78, indicating a 32.6% increase[16] Investments and Acquisitions - The company plans to acquire 90% equity in Yueyang Yusheng Education Investment Co., Ltd., enhancing its vocational education strategy in Hunan province[11] - The company has approved a change in the use of raised funds to acquire 70% of Zhuhai Longda Zhiyue Education Management Consulting Co., Ltd. and 90% of Yueyang Yusheng[12] - The company's long-term equity investments increased to CNY 74.68 million from CNY 59.75 million, a growth of about 24.9%[13] Other Financial Metrics - Other comprehensive income decreased by 41.21% to -¥3.42 million, mainly due to changes in foreign currency translation adjustments[7] - The company reported a significant increase in trading financial assets, which rose by 14,981.08% to ¥379,516,506.75 due to increased purchases of financial products[6] - Accounts receivable decreased by 46.61% to ¥11,837,110.34, primarily due to changes in the consolidation scope of a subsidiary[6] - Inventory increased by 92.93% to ¥20,531,783.66, attributed to higher book purchases during the reporting period[6] - Short-term borrowings increased to ¥390,000,000.00, reflecting additional bank loans taken during the reporting period[6] - Contract liabilities increased to ¥982.90 million, up 36.81% due to an increase in course orders during the reporting period[7] - Non-current liabilities due within one year decreased by 60.51% to ¥179.70 million, primarily due to a reduction in long-term borrowings due within one year[7] - Lease liabilities rose by 58.23% to ¥454.32 million, mainly due to new rental contracts and renewals during the reporting period[7] Audit and Accounting Standards - The company has not undergone an audit for the third quarter report[21] - The new accounting standards were first implemented in 2024, affecting the financial statements[21]