XUEDA(000526)2023-10-27 16:00Revenue and Profit Growth - Revenue for the third quarter was RMB 541.82 million, a year-on-year increase of 32.09%[4] - Net profit attributable to shareholders of the listed company was RMB 28.18 million, a year-on-year increase of 173.08%[4] - Revenue for the first three quarters of 2023 reached 1.793 billion yuan, a year-on-year increase of 22.25%[13] - Net profit attributable to shareholders of the listed company for the first three quarters of 2023 was 117 million yuan, a year-on-year increase of 1,365.08%[13] - Total revenue for the period reached 1.793 billion yuan, a significant increase from 1.467 billion yuan in the same period last year[20] - Net profit attributable to the parent company's shareholders was 117.029 million yuan, compared to 7.988 million yuan in the previous year[21] - Sales revenue from goods and services reached RMB 2,076,931,052.47, a significant increase from RMB 1,527,611,590.14 in the previous year[23] Cash Flow and Financial Position - Net cash flow from operating activities for the first three quarters was RMB 659.59 million, a year-on-year increase of 133.27%[4] - Net cash flow from operating activities increased by 133.27% to 659,588,307.55, primarily due to increased prepayments in the education and training business[9] - Cash flow from operating activities increased to RMB 659,588,307.55, up from RMB 282,757,824.36 in the previous year[23] - Net cash flow from investing activities decreased by 671.54% to -435,664,367.02, mainly due to an increase in the net holding of financial products[9] - Net cash flow from financing activities decreased by 138.93% to -462,500,098.06, primarily due to increased repayment of principal and interest on borrowings[9] - Cash flow from investing activities was negative RMB 435,664,367.02, primarily due to significant cash outflows for acquiring subsidiaries and other long-term assets[24] - Cash flow from financing activities was negative RMB 462,500,098.06, mainly due to debt repayments of RMB 409,202,571.68[24] - The company's cash and cash equivalents decreased by RMB 240,062,509.61 during the period, ending with a balance of RMB 527,209,980.91[24] Asset and Liability Changes - Total assets at the end of the reporting period were RMB 3.32 billion, a year-on-year increase of 4.39%[4] - Equity attributable to shareholders of the listed company was RMB 562.96 million, a year-on-year increase of 28.60%[4] - Total assets as of the end of the reporting period were 3.323 billion yuan, an increase of 4.39% compared to the end of the previous year[13] - Shareholders' equity attributable to the listed company as of the end of the reporting period was 563 million yuan, an increase of 28.60% compared to the end of the previous year[13] - Total assets increased to 3.323 billion yuan from 3.183 billion yuan at the end of the previous period[17] - The company's equity attributable to the parent company's shareholders increased to 562.956 million yuan from 437.751 million yuan[18] - The company's total assets increased to RMB 3,183,351,863.67 after the accounting policy adjustment, with a corresponding increase in owner's equity[27] Non-Recurring Items and Other Financial Metrics - Non-recurring gains and losses for the third quarter amounted to RMB 11.30 million, mainly due to government subsidies and asset disposal gains[6] - Trading financial assets increased by 61,400.00% to RMB 307.50 million, mainly due to the purchase of financial products[8] - Prepayments increased by 81.85% to RMB 8.28 million, mainly due to increased book procurement payments[8] - Inventory increased by 1,123.24% to RMB 6.85 million, mainly due to increased procurement of books and other inventory[8] - Construction in progress increased by 31.57% to RMB 38.61 million, mainly due to increased investment in school construction and renovation[8] - Intangible assets decreased by 30.47% to 21,989,402.30, mainly due to amortization during the reporting period[9] - Deferred tax assets increased by 46.95% to 13,315,733.02, primarily due to the recognition of deferred tax assets related to leases[9] - Short-term borrowings decreased by 94.28% to 62,871,313.12, mainly due to increased debt repayment and reclassification based on debt nature[9] - Contract liabilities increased by 38.92% to 832,185,556.51, driven by an increase in course orders[9] - Other payables increased by 48.80% to 331,158,571.04, mainly due to an increase in restricted stock payable to employees[9] - Fair value change gains increased by 91.19% to -139,338.20, mainly due to changes in the fair value of other non-current financial assets[9] - Investment losses decreased by 80272.51% to -9,400,207.97, primarily due to investment gains from the disposal of subsidiary training schools[9] - Monetary funds as of September 30, 2023, were 616.57 million yuan, a decrease from 874.95 million yuan at the beginning of the year[15] - Trading financial assets as of September 30, 2023, were 307.5 million yuan, a significant increase from 500,000 yuan at the beginning of the year[15] - Accounts receivable as of September 30, 2023, were 27.24 million yuan, slightly decreased from 27.76 million yuan at the beginning of the year[15] - Other receivables as of September 30, 2023, were 63.94 million yuan, increased from 51 million yuan at the beginning of the year[15] - Inventory as of September 30, 2023, was 6.85 million yuan, a significant increase from 560,029.89 yuan at the beginning of the year[15] - Long-term equity investments stood at 85.052 million yuan, slightly down from 85.420 million yuan[17] - Contract liabilities increased to 832.186 million yuan from 599.021 million yuan, indicating higher prepayments from customers[17] - Research and development expenses were 20.030 million yuan, up from 18.464 million yuan in the previous year[20] - Sales expenses rose to 116.939 million yuan from 96.828 million yuan, reflecting increased marketing efforts[20] - Financial expenses decreased to 45.474 million yuan from 51.802 million yuan, showing improved cost management[20] - Minority shareholders' losses were 2.716 million yuan, compared to 1.740 million yuan in the previous year[21] - Comprehensive income for the period totaled RMB 116,747,098.56, with RMB 119,463,185.12 attributable to the parent company and RMB -2,716,086.56 attributable to minority shareholders[22] - Basic and diluted earnings per share were RMB 0.9857, compared to RMB 0.0678 in the same period last year[22] Corporate Actions and Accounting Adjustments - The company completed the first grant and registration of the 2023 restricted stock incentive plan, granting 4.362 million shares to 412 incentive recipients[14] - The company implemented new accounting standards (Interpretation No. 16) starting from January 1, 2023, resulting in an adjustment of RMB 2,057,419.47 to deferred tax assets and total assets[27] - The third quarter report was not audited[28]