凯文教育(002659) - 2014 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders rose significantly by 326.00% to CNY 8,546,985.54 for the current period[7] - Operating revenue for the current period was CNY 194,170,967.01, reflecting a growth of 2.88% year-on-year[7] - The company expects to achieve a net profit of CNY 5,000,000 to CNY 13,000,000 for the year 2014, compared to a net loss of CNY 62,815,400 in 2013, indicating a turnaround in performance[21] Asset and Liability Changes - Total assets increased by 14.11% to CNY 1,893,264,022.42 compared to the end of the previous year[7] - The balance of accounts receivable decreased by 90.92% to CNY 7,512,040.58 due to reduced bill settlements[15] - Prepayments increased by 40.42% to CNY 12,019,658.60, primarily due to higher advance payments to suppliers[15] - Long-term receivables rose by 68.80% to CNY 52,657,672.21, attributed to increased long-term receivables from BT projects[15] - The balance of construction in progress increased by 39.68% to CNY 17,053,025.24, mainly due to the ongoing R&D building project[15] - Accounts payable increased by 57.79% to CNY 110,151,491.53, reflecting an increase in supplier credit limits[15] Cash Flow and Operating Activities - The net cash flow from operating activities for the year-to-date period reached CNY 10,444,542.50, an increase of 100.53%[7] - The company received cash related to operating activities increased by CNY 2,508,994.31, a growth of 312.96%, mainly due to increased government subsidies[17] - The company's cash paid for purchasing goods and services decreased by CNY 370,371,696.54, a decline of 60.88%, mainly due to reduced payments this period[17] - The company's cash paid for taxes decreased by CNY 7,586,358.61, a decline of 53.93%, primarily due to reduced income tax payments this period[17] Tax and Interest Liabilities - The company's tax payable balance increased by CNY 12,879,476.12, a growth of 106.33%, mainly due to the increase in output tax from new projects started in the first half of the year[16] - The company's interest payable balance increased by CNY 12,667,808.83, a growth of 286.88%, primarily due to the accumulation of unpaid bond interest[16] Sales and Revenue Changes - The company's sales revenue from goods and services decreased by CNY 226,818,154.61, a decline of 43.97%, mainly due to reduced collections from completed and ongoing projects[17] - The company's cash received from the disposal of fixed assets increased by CNY 417,052.49, a growth of 152.14%, mainly due to increased disposals of fixed assets this period[18] - The company's cash received from borrowings decreased by CNY 236,304,491.58, a decline of 41.28%, mainly due to a reduction in short-term borrowings this period[18] Asset Impairment - The company’s asset impairment losses decreased by CNY 3,448,569.08, a decline of 114.37%, primarily due to the recovery of long-aged receivables[16]