QTEDU(300359)2024-10-29 10:32Financial Performance - The company's revenue for Q3 2024 was ¥89,014,863.82, representing a decrease of 25.93% compared to the same period last year[2]. - The net profit attributable to shareholders was -¥28,553,768.72, a decline of 343.93% year-over-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥29,250,798.39, down 288.05% from the previous year[2]. - Total operating revenue for Q3 2024 was CNY 285.42 million, a decrease of 30.8% compared to CNY 412.46 million in the same period last year[13]. - Net profit for Q3 2024 was a loss of CNY 40.96 million, compared to a profit of CNY 8.50 million in Q3 2023[14]. - The total comprehensive income attributable to the parent company for the current period is -41,309,215.84 CNY, compared to 1,806,298.36 CNY in the previous period[15]. - Basic and diluted earnings per share for the current period are both -0.07 CNY, compared to 0.00 CNY in the previous period[15]. Assets and Liabilities - Total assets at the end of Q3 2024 were ¥923,685,993.12, a decrease of 12.27% from the end of the previous year[2]. - The total equity attributable to shareholders decreased by 6.16% to ¥657,912,401.94 compared to the end of the previous year[2]. - The company's long-term equity investments decreased to CNY 42.94 million from CNY 48.99 million, a decline of 12.5%[12]. - The total liabilities decreased significantly to CNY 166.34 million from CNY 240.58 million, a reduction of 30.8%[12]. - The company's total non-current assets decreased slightly to CNY 181.03 million from CNY 183.99 million, a decline of 1.6%[12]. Cash Flow - The company's cash flow from operating activities for the year-to-date was -¥91,734,169.77, an increase of 15.28% compared to the same period last year[2]. - The net cash flow from operating activities for the current period is -91,734,169.77 CNY, an improvement from -108,279,485.88 CNY in the previous period[17]. - Cash inflow from operating activities totaled 299,474,074.60 CNY, down from 371,516,345.12 CNY in the previous period[16]. - Cash outflow from operating activities was 391,208,244.37 CNY, compared to 479,795,831.00 CNY in the previous period[17]. - The net cash flow from investing activities for the current period is 10,392,050.71 CNY, a significant improvement from -1,084,779.22 CNY in the previous period[17]. - The net cash flow from financing activities is -23,016,485.42 CNY, compared to -45,354,827.05 CNY in the previous period[17]. - The ending cash and cash equivalents balance is 330,509,140.14 CNY, down from 360,153,162.39 CNY in the previous period[17]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 42,096[8]. - The largest shareholder, Nanchang Economic and Technological Development Zone Zhongwen Xushun Enterprise Management Partnership, holds 22.88% of shares, totaling 144,926,089 shares[8]. - The company has no new preferred shareholders or changes in restricted shares during the reporting period[9]. - The number of restricted shares held by the executive, Diao Xuejun, decreased from 42,225 to 31,725 after unlocking 10,500 shares[9]. - There are no changes in the participation of the top 10 shareholders in margin financing and securities lending business[8]. Research and Development - Research and development expenses increased by 64.00% to ¥28,920,146.25, reflecting a significant investment in R&D[6]. - Research and development expenses increased to CNY 28.92 million, up 63.7% from CNY 17.63 million in the previous year[13]. Operational Performance - The company experienced a 30.80% decline in operating income, primarily due to reduced revenue from continuing education and educational information technology services[6]. - Total operating costs for Q3 2024 were CNY 307.03 million, down 24.1% from CNY 404.87 million in the previous year[13]. - The company reported a significant increase in credit impairment losses, amounting to CNY 15.85 million compared to a gain of CNY 2.40 million in the previous year[14]. Investment Activities - The company reported a net cash flow from investing activities of ¥10,392,050.71, a substantial increase of 1,057.99% year-over-year[7]. - The company reported a total of 50,898,496.03 CNY in trading financial assets at the end of the period, down from 69,199,689.43 CNY[10]. - The company's cash and cash equivalents decreased from 443,808,615.02 CNY to 336,022,184.24 CNY, a decline of approximately 24.2%[10]. - Accounts receivable increased slightly from 252,424,759.77 CNY to 257,695,575.93 CNY, an increase of about 2.7%[10]. - Total current assets decreased from 868,860,691.00 CNY to 742,654,356.45 CNY, a reduction of approximately 14.5%[10].