2018-10-26 16:00Financial Performance - Operating revenue for the first nine months rose by 9.29% to CNY 5,478,917,876.78 year-on-year[6] - Net profit attributable to shareholders decreased by 11.25% to CNY 599,730,815.03 compared to the same period last year[6] - The company's operating revenue for the period reached ¥5,478,917,876.78, representing a 9.29% increase compared to ¥5,013,012,933.20 in the same period last year, driven by growth in educational services, online book sales, and mass book publishing[14] - Total revenue for Q3 2018 reached ¥1,901,239,177.22, an increase of 4.0% compared to ¥1,826,997,685.99 in Q3 2017[27] - Year-to-date revenue for 2018 was ¥5,478,917,876.78, up 9.3% from ¥5,013,012,933.20 in the same period last year[27] - Total operating revenue for Q3 2018 was ¥1,173,627,678.75, a decrease of 20.1% compared to ¥1,469,778,746.45 in Q3 2017[31] - Net profit attributable to shareholders for Q3 2018 was ¥150,834,373.64, down 15.1% from ¥177,801,215.16 in Q3 2017[29] Cash Flow and Liquidity - Net cash flow from operating activities surged by 500.39% to CNY 581,257,170.79 year-to-date[6] - The company’s cash and cash equivalents at the end of the period were ¥2,108,075,322.21, up from ¥1,885,682,217.83 at the beginning of the year, reflecting improved cash management[20] - Cash inflow from financing activities was $148.5 million, while cash outflow totaled $359.77 million, resulting in a net cash flow of -$211.27 million[37] - The net increase in cash and cash equivalents for the period was $380.71 million, compared to $562.73 million in the prior period[37] Assets and Liabilities - Total assets increased by 9.35% to CNY 13,435,698,196.55 compared to the end of the previous year[6] - Total liabilities increased to ¥5,299,345,372.88 from ¥4,329,883,410.93, representing a rise of 22.4%[22] - The total current assets increased to ¥7,694,200,705.95 from ¥6,583,898,654.47, indicating a strong liquidity position[20] - Long-term receivables rose by 55.70% to CNY 303,300,993.72, attributed to installment payment methods in educational technology and equipment[12] Expenses and Costs - Operating costs increased to ¥3,488,245,092.17, up 6.36% from ¥3,279,674,293.30, primarily due to the rise in sales revenue[14] - Research and development expenses surged by 109.63% to ¥10,561,519.57 from ¥5,038,174.29, reflecting increased investment in educational information technology[14] - Credit impairment losses rose significantly by 77.71% to ¥55,438,826.74 from ¥31,196,549.55, influenced by delayed payment collections in the educational services sector[14] - Sales expenses for Q3 2018 increased to ¥204,048,197.05 from ¥178,231,707.25 in Q3 2017, reflecting a rise of 14.5%[28] Shareholder Information - The number of shareholders reached 31,279, with the largest shareholder holding 49.11% of the shares[8] - The company's equity attributable to shareholders rose to ¥8,210,741,074.24, up from ¥8,027,301,715.11, indicating a growth of 2.3%[22] Investment Activities - The company reported a net cash inflow from investment activities of CNY 11,149,606.40 for the first nine months of 2018, a decrease from CNY 729,034,666.70 in the previous year[34] - Cash paid for the acquisition of subsidiaries and other business units was $205.88 million, a notable increase from $13.9 million previously[37] - Cash flow from investment activities totaled $1.84 billion, down from $2.27 billion in the previous period[37]