SXN(SH:600661)2016-10-28 16:00Financial Performance - Net profit attributable to shareholders increased by 170.73% to CNY 130,178,600.27 for the first nine months[10] - Operating revenue for the first nine months reached CNY 1,017,602,978.00, a 20.87% increase year-on-year[10] - Basic earnings per share increased by 170.74% to CNY 0.5025[10] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which rose by 60.90% to CNY 69,264,698.57[10] - The company reported a significant increase in sales expenses to CNY 188,902,252.38 from CNY 158,351,333.19, which is an increase of about 19.4%[48] - The total profit for the first nine months of 2016 reached CNY 86,121,919.21, showing a significant recovery from a loss of CNY 2,948,952.46 in the same period last year[53] - The net profit for Q3 2016 was CNY 52,912,532.07, compared to a net loss of CNY 8,563,877.29 in Q3 2015[53] - The net profit attributable to the parent company's shareholders for Q3 2016 was CNY 91,816,091.06, compared to CNY 17,329,458.55 in Q3 2015[50] Assets and Liabilities - Total assets increased by 9.26% to CNY 2,033,128,364.80 compared to the end of the previous year[9] - Accounts receivable increased by 37.89% to CNY 64,168,976.83 due to sales funds not yet due[17] - Other current assets rose by 54.97% to CNY 280,943,672.42, attributed to an increase in bank wealth management products[17] - The company’s total liabilities decreased by 47.22% in accounts payable to CNY 37,268,802.04, as previous payables were settled[17] - The company's cash and cash equivalents reached RMB 456,489,811.60, up from RMB 373,335,250.04 at the start of the year, indicating a growth of approximately 22.2%[37] - Total current liabilities increased to RMB 1,067,855,295.25 from RMB 946,579,135.68, reflecting a rise of about 12.8%[39] - The company's long-term equity investments decreased from RMB 395,406,220.28 to RMB 347,149,841.30, a decline of about 12.2%[38] Cash Flow - Net cash flow from operating activities surged by 112.36% to CNY 319,245,755.75[10] - Cash flow from operating activities for the first nine months of 2016 was CNY 1,234,202,421.85, an increase from CNY 979,345,712.89 in the same period last year[56] - Cash inflow from investment activities totaled CNY 99,992,330.23 in Q3 2016, compared to CNY 38,121,586.71 in Q3 2015, indicating a significant increase of about 162%[58] - The net increase in cash and cash equivalents for Q3 2016 was CNY 83,154,561.56, contrasting with a decrease of CNY -147,709,760.72 in the same period last year[58] - Total cash outflow from operating activities for the first nine months of 2016 was CNY 18,151,831.25, compared to CNY 12,023,030.87 in the previous year, reflecting a rise of approximately 51%[62] Shareholder Information - The total number of shareholders reached 19,249 by the end of the reporting period[13] - The largest shareholder, Shanghai Jiao Tong University Industry Investment Management (Group) Co., Ltd., holds 23.843% of shares[14] Future Plans and Investments - The company plans to raise up to CNY 1 billion through a non-public offering, with CNY 448.85 million allocated for K12 education projects[23] - The company is actively seeking acquisition opportunities for quality assets and projects related to its education training business through the establishment of an education industry investment fund with a total scale of RMB 1,005 million[31] - The company has submitted its stock option incentive plan for approval to relevant authorities, with the first grant plan still under review[30] Other Financial Metrics - The weighted average return on equity rose by 9.486 percentage points to 15.282%[10] - The company reported a 90.03% increase in non-operating income to CNY 12,239,904.61, mainly from government subsidies[20] - The company's long-term deferred expenses increased by 37.05% to CNY 68,517,387.60 due to new training facility renovations[17] - The company's prepayments decreased by 33.70% to CNY 29,751,964.20, reflecting settlements from the previous year[17]