XUEDA(SZ:000526)2015-10-30 16:00Financial Performance - Total assets at the end of the reporting period reached ¥203,331,630.85, an increase of 1.26% compared to the end of the previous year[7]. - Net profit attributable to shareholders was ¥641,239.14, a decrease of 65.87% year-on-year[7]. - Operating revenue for the reporting period was ¥6,266,338.36, down 1.20% compared to the same period last year[7]. - Net cash flow from operating activities decreased by 82.93% to ¥2,300,335.90 year-to-date[7]. - Basic earnings per share were ¥0.0067, a decline of 65.64% compared to the same period last year[7]. - The weighted average return on net assets was 0.40%, a decrease of 0.83% year-on-year[7]. - The company reported a significant increase in net profit year-to-date, reaching ¥2,800,838.99, up 321.39% compared to the previous year[7]. - The company’s net profit for the reporting period was 64.12 million RMB, with total revenue of 626.63 million RMB[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,979[10]. - The largest shareholder, Shenzhen Yelinwan Investment Planning Co., Ltd., held 28.52% of the shares[10]. Revenue and Costs - Operating revenue for the reporting period increased by 59.52% year-on-year, attributed to all leased equipment being put into use[14]. - Main business costs rose by 92.34% year-on-year, primarily due to depreciation from the full utilization of amusement equipment[14]. - Financial expenses increased by 103.77% year-on-year, mainly due to reduced interest income from monetary funds[14]. - The company’s cash received from sales and services decreased by 33.94% year-on-year due to increased receivables from subsidiaries[14]. - The company’s tax payments increased by 86.38% year-on-year, mainly due to higher income tax payments[14]. - The company’s fixed asset and intangible asset cash payments decreased by 94.81% year-on-year, as equipment procurement expenditures were primarily concentrated in the previous year[14]. Corporate Actions and Plans - The company plans to raise up to 5.5 billion RMB through a non-public stock issuance to fund various projects, including the acquisition of 100% of Xueda Education Group[16]. - The acquisition of Xueda Education Group is estimated to cost approximately 36.88 million USD, with a share price of 2.75 USD per share[17]. - The company did not engage in any repurchase transactions during the reporting period[11]. Governance and Compliance - The company appointed Mr. Ji Hao as a new board member and Ms. Liu Lanyu as an independent director following the resignation of Mr. Lei Xinghui and Ms. Cao Youou[20]. - The company received an arbitration notice regarding a dispute over an asset agreement, with the arbitration hearing scheduled for December 1, 2015[21]. - The arbitration request includes a claim for the company to bear the arbitration costs and the applicant's legal fees, amounting to RMB 300,000[21]. - The company has committed to maintaining the independence of its operations and financials as per the commitments made by its actual controller, Mr. Liao Chunrong[25]. - The company is focused on ensuring compliance with legal and regulatory requirements in its operations and transactions[25]. - The company is prioritizing shareholder interests in its strategic decisions and ongoing legal matters[21]. - The company has been transparent in its disclosures regarding board changes and arbitration matters, as evidenced by multiple announcements on the official website[22]. - The company has not disclosed any other litigation or arbitration matters beyond the mentioned arbitration case[22]. - The company is actively taking measures to protect its rights and interests in the ongoing arbitration[21]. Related Party Transactions - The company committed to not engaging in any business that competes with its main operations during its tenure as the largest shareholder of Xiamen Yinrun Investment Co., Ltd. for a period of 12 months[26]. - The company will strictly adhere to regulations regarding related party transactions and will avoid such transactions with Xiamen Yinrun Investment Co., Ltd. unless necessary, ensuring fair market principles are followed[26]. - The company has promised not to reduce its holdings in the shares acquired within six months following the increase in shareholding[26]. - The company has completed its commitment not to plan any major asset restructuring within three months from the announcement of the termination of a significant asset restructuring matter[26]. - The company will ensure that any future major asset restructuring related to the Haifa Building project is completed before proposing any asset restructuring suspension[26]. - The company reported a significant focus on compliance with non-public issuance commitments, ensuring no related party relationships exist among shareholders[27]. - The company has committed to not reducing its shareholding in Xiamen Yinrun Investment Co., Ltd. from July 9, 2015, to January 8, 2016, to maintain stock price stability[28]. Other Financial Matters - There are no securities investments or derivative investments reported during the period[29][31]. - The company has not held shares in other listed companies during the reporting period[30]. - The company anticipates potential losses or significant changes in net profit compared to the previous year, but specific forecasts are not applicable[29]. - The company engaged with shareholders through an online platform to discuss the 2014 annual report and stock price stability[32]. - No violations regarding external guarantees were reported during the period[33]. - There are no non-operating fund occupations by the controlling shareholder and its affiliates during the reporting period[34].