2025-10-30 10:20Financial Performance - Operating revenue for Q3 2025 was CNY 2,369,444,717.93, a decrease of 10.58% compared to the same period last year[4] - Total profit for Q3 2025 was CNY 128,733,085.94, down 41.23% year-on-year[4] - Net profit attributable to shareholders for Q3 2025 was CNY 120,168,341.75, a decline of 31.49% compared to the previous year[4] - Net profit excluding non-recurring gains and losses for Q3 2025 was CNY 92,246,572.92, down 48.88% year-on-year[4] - Total operating revenue for the first three quarters of 2025 was CNY 7,896,874,144.86, a decrease of 6.4% compared to CNY 8,437,722,940.37 in the same period of 2024[17] - The net profit for the first three quarters of 2025 reached CNY 1,025,632,318.83, an increase from CNY 934,229,222.15 in the same period of 2024, representing a growth of approximately 9.8%[18] - The total comprehensive income for the first three quarters of 2025 was CNY 934,639,742.42, down from CNY 1,303,990,596.78 in 2024, indicating a decline of about 28.3%[19] Assets and Liabilities - Total assets at the end of Q3 2025 reached CNY 24,953,791,374.34, an increase of 8.97% from the end of the previous year[5] - Total assets reached CNY 24,953,791,374.34 as of September 30, 2025, compared to CNY 22,898,703,360.27 at the end of 2024, marking an increase of 9.0%[14] - Total liabilities as of September 30, 2025, were CNY 9,518,655,228.45, up from CNY 7,891,774,311.86, reflecting a rise of 20.6%[15] - Shareholders' equity attributable to shareholders was CNY 14,986,301,331.28, reflecting a growth of 2.60% compared to the end of last year[5] - Shareholders' equity totaled CNY 15,435,136,145.89 as of September 30, 2025, compared to CNY 15,006,929,048.41 at the end of 2024, indicating an increase of 2.8%[15] Cash Flow and Investments - The company reported cash flow from operating activities of CNY 870,333,335.85, an increase of 12.88% year-to-date[5] - The cash flow from operating activities generated a net amount of CNY 870,333,335.85 in 2025, an increase from CNY 771,030,510.41 in 2024, representing a growth of approximately 12.9%[22] - Cash and cash equivalents as of September 30, 2025, were CNY 8,634,518,748.18, compared to CNY 9,179,678,124.68 at the end of 2024, indicating a decrease of 5.9%[13] - The cash and cash equivalents at the end of the third quarter of 2025 were CNY 7,411,902,724.89, down from CNY 8,398,581,372.81 at the end of 2024, a decrease of about 11.7%[22] - The total investment cash outflow for the first three quarters of 2025 was CNY 2,031,203,233.48, compared to CNY 1,315,237,705.18 in 2024, indicating an increase of approximately 54.3%[22] Operational Metrics - The decline in total profit and net profit was primarily due to a decrease in the sales of educational materials and general books[8] - The weighted average return on equity for Q3 2025 was 0.80%, a decrease of 0.48 percentage points compared to the previous year[5] - The total number of ordinary shareholders at the end of the reporting period was 16,794[10] - Total operating costs for the first three quarters of 2025 amounted to CNY 7,041,534,135.30, down from CNY 7,427,160,801.03 in the previous year, reflecting a reduction of 5.2%[17] - Research and development expenses increased to CNY 20,884,485.71 in 2025 from CNY 13,514,917.49 in 2024, marking a significant rise of approximately 54.6%[18] - The operating profit for the first three quarters of 2025 was CNY 1,042,004,466.76, compared to CNY 1,087,434,690.87 in 2024, reflecting a decrease of about 4.2%[18] - The income tax expense for the first three quarters of 2025 was CNY 10,573,761.59, significantly lower than CNY 133,071,759.24 in 2024, reflecting a decrease of about 92.0%[18] Future Outlook - Future outlook includes potential market expansion and new product development strategies, although specific details were not provided in the financial documents[16]