QTEDU(300359)2025-04-28 09:55Financial Performance - The company's revenue for Q1 2025 was ¥54,489,350.58, a decrease of 27.93% compared to ¥75,608,313.83 in the same period last year[6] - The net loss attributable to shareholders was ¥19,059,869.23, representing a 319.77% increase in losses from ¥4,540,603.31 in the previous year[6] - The basic earnings per share were -¥0.03, a 200.00% decline from -¥0.01 in the same period last year[6] - Net loss for the period was ¥21,859,167.46, compared to a net loss of ¥3,608,188.46 in the previous period, indicating a significant increase in losses[27] - The basic and diluted earnings per share were both -¥0.03, compared to -¥0.01 in the previous period[27] Cash Flow - The net cash flow from operating activities improved by 28.06%, amounting to -¥41,285,155.90 compared to -¥57,387,576.91 in the previous year[6] - Operating cash inflow for the current period was $68,537,287.61, down 23.6% from $89,714,915.03 in the previous period[29] - Operating cash outflow for the current period was $109,822,443.51, a decrease of 25.3% compared to $147,102,491.94 in the previous period[29] - The net cash flow from financing activities improved by 36.28%, with a net cash flow of -¥2,263,775.22 compared to -¥3,552,873.19 in the previous year[12] - The net cash flow from financing activities was -$2,263,775.22, compared to -$3,552,873.19 in the previous period[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥826,543,864.77, down 5.70% from ¥876,513,128.42 at the end of the previous year[6] - Total current assets decreased from 725,662,174.89 to 683,616,969.06, a reduction of about 5.8%[22] - Long-term equity investments decreased from 52,494,416.40 to 47,473,421.19, a decline of approximately 9.6%[22] - Total liabilities decreased to ¥160,759,116.16 from ¥187,995,626.61, a reduction of about 14.5%[25] - The company's equity attributable to shareholders decreased to ¥575,495,669.49 from ¥594,555,538.72, a decline of approximately 3.2%[25] Research and Development - Research and development expenses decreased by 53.65% to ¥3,756,060.42 from ¥8,104,393.31, primarily due to reduced investment in courseware development[11] - Research and development expenses were ¥3,756,060.42, down from ¥8,104,393.31, a decrease of about 53.7% year-over-year[26] Investment Activities - The company reported a significant decline in investment income, with a loss of ¥4,601,668.08 compared to a gain of ¥373,768.08 in the previous year, a decrease of 1,331.16%[11] - The company reported an investment loss of ¥4,601,668.08, compared to a gain of ¥373,768.08 in the previous period[26] Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 38,191[15] - The largest shareholder, Nanchang Economic and Technological Development Zone Zhongwen Xushun Enterprise Management Partnership, holds 22.88% of shares, totaling 144,926,089 shares[15] - The company has no shareholders participating in margin financing and securities lending[15] - The company has no significant changes in the top 10 shareholders due to margin financing activities[15] Inventory and Operating Costs - Inventory increased by 89.25% to ¥12,145,316.82 from ¥6,417,484.39, mainly due to increased contract performance costs[13] - Total operating revenue decreased to ¥54,489,350.58 from ¥75,608,313.83, representing a decline of approximately 28.0% year-over-year[26] - Total operating costs decreased to ¥72,105,541.03 from ¥82,872,778.24, a reduction of about 13.0% year-over-year[26] Other Financial Metrics - Deferred income tax assets increased to ¥3,987,199.63 from ¥3,259,733.21, an increase of approximately 22.3%[25] - The company's cash and cash equivalents decreased from 379,797,104.68 to 326,432,654.80, a decline of approximately 14%[22] - The ending cash and cash equivalents balance was $322,676,093.79, down from $373,931,712.15 in the previous period[30] Corporate Actions - The company plans to liquidate its wholly-owned subsidiary, Guangdong Quantu Education Technology Group Co., Ltd.'s subsidiary, Quantu Payment Network Technology Co., Ltd.[18] - The company has agreed to transfer 32% of the equity in its subsidiary, Quantu Industry Internet (Zhongshan) Co., Ltd., for a total consideration of RMB 628,668.04[19] Audit Status - The first quarter report was not audited[31]