中公教育(002607) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 was ¥652,526,949.82, representing a decrease of 30.40% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2024 was ¥52,252,012.90, down 67.35% year-over-year[3]. - The company’s basic earnings per share for Q3 2024 was ¥0.01, down 66.67% year-over-year[3]. - The net profit attributable to shareholders of the parent company for Q3 2024 is ¥168,155,001.37, a decrease of 30.5% compared to ¥242,036,937.87 in the same period last year[16]. - The total profit for Q3 2024 is ¥249,920,962.49, down from ¥295,022,031.47 in the same period last year, representing a decline of approximately 15.2%[15]. Cash Flow - The net cash flow from operating activities for the year-to-date period increased by 246.66% to ¥569,722,843.80[3]. - The cash flow from operating activities for Q3 2024 is ¥569,722,843.80, a significant improvement compared to a negative cash flow of -¥388,473,774.37 in the same period last year[18]. - The total cash inflow from operating activities is ¥1,980,781,427.46, while the total cash outflow is ¥1,411,058,583.66, leading to a net cash flow from operating activities of ¥569,722,843.80[18]. - In Q3 2024, the net cash flow from financing activities was -¥756,014,553.85, a significant decrease compared to ¥1,184,424,164.60 in the same period last year[19]. - The company experienced a net decrease in cash and cash equivalents of -¥166,428,770.18 in Q3 2024, contrasting with an increase of ¥796,061,354.09 in Q3 2023[19]. Assets and Liabilities - Total assets at the end of Q3 2024 were ¥6,527,571,985.29, a decrease of 8.57% from the end of the previous year[3]. - Total current assets decreased to CNY 340,473,912.88 from CNY 495,507,029.99, reflecting a reduction of about 31.3%[13]. - Total liabilities decreased to CNY 5,792,317,985.71 from CNY 6,572,525,339.16, indicating a decline of approximately 11.9%[14]. - The company’s total non-current assets decreased to CNY 6,187,098,072.41 from CNY 6,644,117,307.38, indicating a decline of approximately 6.9%[13]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 283,741, with the largest shareholder, Li Yongxin, holding 15.31% of shares, equating to 944,407,232 shares[7]. - The second-largest shareholder, Hunan Caixin Industrial Fund Management Co., holds 7.50% and 5.00% of shares, totaling 462,442,834 and 308,369,922 shares respectively[7]. - The company reported that the largest shareholder, Li Yongxin, has pledged 643,777,945 shares, while Hunan Caixin has pledged 369,620,000 shares[7]. - The total number of shares held by the top 10 unrestricted shareholders amounts to 1,000,000,000 shares, with Hunan Caixin holding 308,369,922 shares as the largest unrestricted shareholder[7]. - The company has not disclosed any related party relationships among the top shareholders, except for the relationship between Li Yongxin and Lu Zhongfang, who are mother and son[8]. Financial Obligations - The company reported a significant increase in short-term borrowings by 83.85% to ¥274,429,331.53 due to new loans from financial institutions[5]. - The interest expense surged by 402.53% to ¥92,723,234.61, primarily due to the payment of loan interest[5]. - The company repaid debts amounting to ¥88,020,000.00 during the quarter, reflecting its financial obligations[19]. - The company distributed dividends and interest payments totaling ¥81,057,083.62, compared to ¥1,346,166.65 in the same quarter last year[19]. Stock Incentive Plan - The company has terminated its 2024 first phase restricted stock incentive plan due to significant market fluctuations affecting stock prices, which hindered the expected incentive outcomes[10]. - The company’s stock incentive plan was approved at the 2024 first extraordinary general meeting but was later terminated due to market conditions[10]. - The company’s stock price volatility has impacted the implementation of its incentive plan, leading to its termination[10]. Research and Development - Research and development expenses for Q3 2024 are ¥154,187,410.04, down from ¥219,481,184.19 in the previous year, indicating a reduction of approximately 29.8%[15]. Audit and Reliability - The company did not undergo an audit for the Q3 report, which may affect the reliability of the financial data presented[20].