New East(SH:603110)2025-10-28 08:15Financial Performance - The company's operating revenue for the third quarter was ¥104,709,092.58, a decrease of 11.06% compared to the same period last year[5] - The total profit for the third quarter was ¥4,279,391.80, down 53.83% year-on-year[5] - The net profit attributable to shareholders was ¥2,538,094.20, reflecting a decline of 63.82% compared to the previous year[5] - The basic earnings per share for the third quarter was ¥0.013, a decrease of 63.82% year-on-year[6] - Total operating revenue for the first three quarters of 2025 was CNY 279,113,930.51, a decrease of 7.4% compared to CNY 301,438,300.71 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was CNY 3,192,518.86, a significant decline of 74.8% compared to CNY 12,696,986.43 in 2024[22] - Earnings per share for the first three quarters of 2025 were CNY 0.016, down from CNY 0.06 in the same period of 2024[22] - The company reported a total comprehensive income of CNY 3,192,518.86 for the first three quarters of 2025, compared to CNY 12,696,986.43 in 2024[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥797,567,010.25, down 8.75% from the end of the previous year[6] - The company reported current assets totaling RMB 504,381,631.19 as of September 30, 2025, a decrease from RMB 561,790,933.16 as of December 31, 2024, representing a decline of approximately 10.2%[15] - Total liabilities decreased to RMB 101,552,320.19 from RMB 171,128,990.03, reflecting a significant reduction of approximately 40.6%[17] - The company's total assets were reported at RMB 797,567,010.25, down from RMB 874,012,497.83, a decrease of about 8.8%[16] - The company’s total liabilities and equity amounted to CNY 797,567,010.25, a decrease from CNY 874,012,497.83 in the previous year[18] Cash Flow - The cash flow from operating activities for the year-to-date was ¥9,442,738.65, a decrease of 56.96% compared to the previous year[5] - Operating cash flow for the first three quarters of 2025 was CNY 9,442,738.65, down 57.0% from CNY 21,937,415.40 in 2024[23] - Cash and cash equivalents amounted to RMB 186,307,144.78, showing a slight increase from RMB 182,272,276.84 year-over-year[15] - Cash and cash equivalents increased by CNY 8,855,422.51 in the first three quarters of 2025, compared to a decrease of CNY 70,542,509.69 in 2024[23] - The ending balance of cash and cash equivalents is $179,760,311.29, compared to $159,769,300.90 from the previous period, indicating an increase[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,565[12] - The shareholder structure indicates that the top ten shareholders hold a significant portion of the company's shares, with the largest shareholder owning 17,787,840 shares[14] Operational Insights - The company experienced a 42.52% decrease in receivables financing, primarily due to a reduction in notes receivable[9] - The company reported a 166.58% increase in contract liabilities, attributed to an increase in advance payments for contracts[9] - The company has no significant new product launches or technological developments mentioned in the conference call[14] - There are no plans for market expansion or mergers and acquisitions discussed during the call[14] - The company has not provided specific future guidance or performance outlook in the conference call[14] - Research and development expenses for the first three quarters of 2025 were CNY 12,991,046.46, slightly up from CNY 12,900,413.14 in 2024[20] Accounting Standards - The company will not apply the new accounting standards or interpretations starting from 2025[25]