SXN(SH:600661)2018-04-27 16:00Financial Performance - Operating revenue for the period was CNY 447,520,812.81, representing an increase of 28.00% year-on-year[8]. - Net profit attributable to shareholders was CNY 17,992,874.63, up 12.08% from the same period last year[8]. - Basic earnings per share were CNY 0.0628, an increase of 1.29% compared to CNY 0.0620 in the previous year[9]. - The company reported non-recurring gains of CNY 3,911,396.08 for the period[11]. - The net profit after deducting non-recurring gains was CNY 14,081,478.55, virtually unchanged from the previous year[8]. - Total operating revenue for Q1 2018 was CNY 447,520,812.81, an increase of 28.0% compared to CNY 349,632,707.19 in the same period last year[43]. - Net profit for Q1 2018 reached CNY 15,594,304.30, a significant increase of 85.5% from CNY 8,424,914.29 in Q1 2017[45]. - The total comprehensive income for Q1 2018 was CNY 7,418,945.42, an increase from CNY 4,073,624.14 in the same period last year[45]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,132,781,095.05, a decrease of 0.81% compared to the end of the previous year[8]. - Total liabilities decreased from CNY 1,544,047,053.93 to CNY 1,512,989,319.90, a reduction of about 2.0%[36]. - Total current assets decreased slightly from CNY 2,082,127,254.77 to CNY 2,058,068,791.57, a reduction of about 1.2%[34]. - Total assets decreased from CNY 3,158,389,883.66 to CNY 3,132,781,095.05, reflecting a decline of approximately 0.8%[35]. - Total liabilities as of Q1 2018 amounted to CNY 392,163,536.52, compared to CNY 389,462,414.59 in the previous period, indicating a slight increase of 0.4%[41]. - Total equity for the company was CNY 1,376,544,643.76, down from CNY 1,384,244,371.42, reflecting a decrease of 0.5%[41]. Cash Flow - The net cash flow from operating activities was CNY -15,488,266.06, showing an improvement of 1.56% compared to the previous year[8]. - The cash inflow from operating activities was CNY 514,349,801.13, an increase of 23.7% compared to CNY 415,796,434.01 in the previous period[52]. - The cash outflow from investment activities totaled CNY 112,204,333.81, significantly higher than CNY 39,169,938.61 in the previous period[53]. - The net cash flow from investment activities was -CNY 99,965,580.61, a decrease from CNY 330,317,900.73 in the previous period[53]. - The cash inflow from financing activities was CNY 1,870,000.00, with a net cash outflow of -CNY 6,052,999.09, compared to -CNY 36,757,737.50 in the previous period[54]. - The company experienced a net decrease in cash and cash equivalents of -CNY 121,506,845.76, compared to an increase of CNY 277,825,771.41 in the previous period[54]. Shareholder Information - The total number of shareholders at the end of the reporting period was 14,647[12]. - The largest shareholder, Shanghai Jiao Tong University Enterprise Management Center, held 12.45% of the shares[12]. - As of the report date, the controlling shareholder, Jiao Da Industrial Group, holds 58,995,848 shares, accounting for 20.59% of the total share capital[16]. - The total number of shares held by the controlling shareholder increased to 37,369,017 shares, representing 13.04% of the total share capital as of April 23, 2018[19]. - The company plans to increase its shareholding by 3% to 10% based on the current holding of 13.04% within the next six months[19]. Operational Highlights - The company's revenue from education and training business accounts for 86.67% of total revenue, primarily under the "Angli" brand for K12 education[27]. - The company's development expenditure increased by 37.87% compared to the beginning of the year, amounting to 1,280.44 million RMB due to new educational R&D projects[22]. - The company's financial expenses increased by 156.14% year-on-year, totaling 97.05 million RMB due to higher payment for POS machine transaction fees[24]. - The company's receivables from dividends increased to 120.73 million RMB, a 100% increase compared to the beginning of the year, due to cash dividends announced by its investee companies[21]. - The company plans to change its registered name to better reflect its strategic direction and main business characteristics[27]. Inventory and Receivables - Accounts receivable increased from CNY 49,566,097.36 to CNY 61,748,362.09, representing a growth of about 24.4%[33]. - Inventory rose from CNY 76,127,523.77 to CNY 93,781,458.61, indicating an increase of approximately 23.2%[34]. - The company's cash and cash equivalents decreased from CNY 667,441,595.66 at the beginning of the year to CNY 545,934,749.90 by the end of the reporting period, a decline of approximately 18.2%[33].