SXN(SH:600661)2015-04-28 16:00Financial Performance - Net profit attributable to shareholders increased by 14.02% to CNY 8,386,509.12 year-on-year[7] - Operating revenue rose by 9.25% to CNY 241,594,417.4 compared to the same period last year[7] - Basic earnings per share increased by 10.58% to CNY 0.032 per share[8] - The company reported a significant increase in net profit excluding non-recurring items, which surged by 1,095.40% to CNY 8,140,321.99[7] - The net profit attributable to shareholders, excluding non-recurring gains and losses, increased by 1,095.40% to ¥8,140,321.99 compared to the same period last year[16] - The company reported a net loss of CNY 10,328,089.39 for Q1 2015, compared to a loss of CNY 10,517,695.10 in the previous year[28] - The company reported a net profit of -6,981,822.73 RMB for Q1 2015, compared to a net profit of 9,254,684.71 RMB in the same period last year, indicating a significant decline[31] - The total comprehensive income for Q1 2015 was 5,573,177.87 RMB, compared to a loss of -7,746,563.27 RMB in the same period last year[33] Assets and Liabilities - Total assets decreased by 7.45% to CNY 1,594,694,038.41 compared to the end of the previous year[7] - Current liabilities totaled CNY 641,588,138.93, down 16.3% from CNY 766,436,623.49 at the start of the year[24] - Non-current liabilities were CNY 23,546,870.53, a decrease from CNY 25,385,199.97 at the beginning of the year[24] - The company's total equity was CNY 929,559,028.95, slightly down from CNY 931,157,274.81 at the start of the year[24] - The company's total assets as of March 31, 2015, amounted to CNY 1,594,694,038.41, a decrease from CNY 1,722,979,098.27 at the beginning of the year[24] Cash Flow - Net cash flow from operating activities improved by 22.75%, reaching CNY -39,015,089.94[7] - Cash flow from operating activities showed a net outflow of -39,015,089.94 RMB, an improvement from -50,505,422.10 RMB in Q1 2014[34] - The company recorded cash inflows from operating activities totaling 274,695,870.93 RMB, which is an increase from 263,551,026.64 RMB in the previous year[34] - The total cash inflow from investment activities was 28,070,000.00 RMB, while the cash outflow was 12,000.00 RMB, resulting in a net cash flow of 28,058,000.00 RMB from investment activities[38] - The cash inflow from financing activities was 43,890,000.00 RMB, down from 100,450,754.00 RMB in the previous year, reflecting a decrease of approximately 56.4%[38] - The net cash flow from financing activities was -29,175,900.01 RMB, compared to 26,758,230.08 RMB in the same period last year, indicating a significant decline[38] Shareholder Information - The total number of shareholders reached 20,462 by the end of the reporting period[12] - The largest shareholder, Shanghai Jiao Tong University Industry Investment Management (Group) Co., Ltd., holds 23.843% of shares[12] Investment Activities - Investment income rose by 109.69% to ¥5,819,176.60, driven by increased profits from associated companies[15] - Cash generated from investment activities increased by 293.05% to ¥77,186,734.19, due to the recovery of short-term investments in bank wealth management products[16] - The company plans to establish an education industry investment fund with a total investment of ¥130 million to enhance mergers and acquisitions in the education sector[17] - A capital increase of ¥100 million was approved for Shanghai Angli Education Technology Co., Ltd. to support project acquisitions, market expansion, and online education initiatives[18] Receivables and Current Assets - Accounts receivable decreased by 56.84% from the beginning of the year, totaling ¥4,576,104.75, due to cash collection during the period[14] - Other receivables increased by 52.46% to ¥89,165,221.31, attributed to payments for new educational site openings and renovations[14] - Other current assets decreased by 68.41% to ¥36,891,450.39, resulting from the redemption of matured bank wealth management products[14] Operating Costs and Expenses - Total operating costs for Q1 2015 were CNY 250,426,437.40, up 18.9% from CNY 210,507,332.53 in the previous year[30] - Sales expenses for Q1 2015 were 38,004,745.98 RMB, up 8.1% from 35,185,341.61 RMB in Q1 2014[31] - Management expenses increased to 48,636,519.31 RMB, compared to 42,249,268.06 RMB in the same period last year, reflecting a rise of 15.5%[31] - The company reported a tax expense of 3,979,559.04 RMB for Q1 2015, slightly down from 4,220,426.05 RMB in Q1 2014[31]