VTRON(SZ:002308)2018-10-30 16:00Financial Performance - Net profit attributable to shareholders was ¥51,029,381.32, a decrease of 29.19% year-on-year[8]. - Operating revenue for the period was ¥304,425,524.87, down 6.31% compared to the same period last year[8]. - Basic earnings per share were ¥0.06, a decrease of 33.33% compared to the same period last year[8]. - The weighted average return on net assets was 1.43%, down 1.47% year-on-year[8]. - The net cash flow from operating activities was -¥7,617,754.77, a decline of 110.48% year-on-year[8]. - Net cash flow from operating activities decreased by 118.90% to -¥16,135,045.53 due to reduced cash receipts from sales[21]. - The net profit attributable to shareholders for 2018 is expected to range from ¥15,192.42 million to ¥20,889.58 million, reflecting a change of -20% to 10% compared to 2017's net profit of ¥18,990.53 million[28]. Shareholder Information - The total number of shareholders at the end of the reporting period was 41,057[12]. - The largest shareholder, VTRON INVESTMENT LIMITED, holds 33.20% of the shares, with 211,970,000 shares pledged[12]. - The company did not engage in any repurchase transactions during the reporting period[13]. - The company repurchased 5,730,220 shares, accounting for 0.63% of total share capital, at a total cost of ¥29,999,484.26[22]. Asset Management - Total assets at the end of the reporting period reached ¥4,419,014,621.12, an increase of 2.64% compared to the end of the previous year[8]. - Cash and cash equivalents decreased by 52.11% to ¥566,060,806.46 due to the purchase of financial products[17]. - Other receivables increased by 272.97% to ¥75,689,257.59 primarily due to unreceived amounts from finance leases[17]. - Long-term borrowings increased by 530.22% to ¥244,801,800.00 due to new loans[17]. Investment Activities - Investment income rose by 79.87% to ¥10,707,820.75, mainly from the purchase of financial products[20]. - The company invested ¥40 million in its wholly-owned subsidiary, Guangdong Weile Education Technology Co., Ltd.[24]. - The company has invested a total of ¥50,910 million in entrusted financial management, with ¥5,910 million from self-owned funds and ¥45,000 million from raised funds[32]. - The entrusted financial management has a total outstanding balance of ¥50,825 million, with no overdue amounts[32]. - The company has a projected return of 4.55% on the entrusted financial management, amounting to ¥1,497.76 million[33]. Strategic Plans - The company plans to increase its net profit attributable to shareholders for 2018, indicating positive performance expectations[27]. - The company plans to expand its market presence through strategic investments and acquisitions[24]. - The company plans to invest in the kindergarten operation management service business, which will increase costs due to exploration of franchise models, talent development, and product R&D[28]. - The sales structure change of the ultra-high-definition digital splicing wall products is anticipated to impact the gross margin[28]. - The company has committed to pay incentive bonuses related to the acquisition of 100% equity in Beijing Golden Cradle Education Technology Co., Ltd. after meeting three-year performance commitments, affecting overall performance[28]. Compliance and Governance - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[30]. - The company has not engaged in any violations regarding external guarantees during the reporting period[29]. - The company conducted an on-site investigation on September 13, 2018, with information available on the investor relations section of the official website[34]. Non-Recurring Items - Non-recurring gains and losses totaled ¥32,882,047.40 for the reporting period[9]. - Management expenses increased by 44.11% to ¥166,169,669.78 due to higher management fees from subsidiaries[19].