凯文教育(002659) - 2018 Q1 - 季度财报

Revenue and Profit - Revenue for Q1 2018 was CNY 40,492,953.37, a decrease of 54.46% compared to CNY 88,910,556.05 in the same period last year[8] - Net profit attributable to shareholders was CNY -30,106,102.86, representing a decline of 2,637.69% from CNY 1,186,358.58 year-over-year[8] - The company's operating revenue decreased by 48,417,602.68, a decline of 54.46%, primarily due to the divestiture of its bridge steel structure business[16] - The company expects a net loss for the first half of 2018, with an estimated loss between -55,000,000 and -45,000,000, compared to a net loss of -25,314,000 in the same period of 2017[24] Cash Flow and Financial Position - The net cash flow from operating activities was CNY -38,973,473.60, an improvement of 12.32% compared to CNY -44,451,239.74 in the previous year[8] - Cash and cash equivalents decreased by CNY 76,026,528.83, a decline of 46.06% due to significant payments for project costs and bank loan repayments[15] - Cash received from sales of goods and services decreased by 239,435,298.04, a decline of 92.07%, attributed to the divestiture of the bridge steel structure business[18] - Cash paid for purchasing goods and services decreased by 139,024,080.71, a decline of 93.02%, also due to the divestiture of the bridge steel structure business[18] - The company’s cash flow from financing activities saw a significant decrease in cash received from borrowings, down by 594,500,000.00, a decline of 74.87%[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,082,728,242.32, down 1.98% from CNY 3,145,033,562.10 at the end of the previous year[8] - The number of ordinary shareholders at the end of the reporting period was 12,698[11] - Accounts receivable increased by CNY 237,214.70, a growth of 183.72%, primarily due to increased catering service revenue[15] - Prepayments surged by CNY 2,106,145.18, a growth of 4,183.25%, mainly due to advance payments for teaching equipment[15] - Other payables increased by CNY 184,559,692.46, a rise of 629.85%, mainly due to an increase in shareholder loans[15] Expenses and Financial Performance - The weighted average return on net assets was -1.38%, down from 0.05% in the previous year[8] - The company’s financial expenses increased by 1,095,972.80, a growth of 36.76%, due to the capitalization of all borrowing interest this period[16] - The company’s tax expenses decreased by 9,597,553.54, a decline of 2909.11%, due to the recognition of deferred tax expenses based on total profit[17] - Investment income decreased by 2,341,284.43, a decline of 97.73%, mainly due to a reduction in the amount of financial products purchased[16] - Cash received from investment decreased by 492,019,909.56, a decline of 100%, as there were no financial products maturing this period[19] - The company's sales expenses increased by 2,755,705.16, a growth of 309.39%, mainly due to increased marketing efforts for school enrollment[16]