But'one(SH:600455)2023-08-18 16:00Financial Performance - The company's operating revenue for the first half of 2023 was CNY 127,771,300, representing a 10.14% increase compared to CNY 116,012,336.71 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2023 was CNY 11,479,703.40, up 7.44% from CNY 10,685,152.52 in the previous year[20]. - Basic earnings per share for the first half of 2023 were CNY 0.1838, a 7.42% increase from CNY 0.1711 in the same period last year[22]. - The net profit after deducting non-recurring gains and losses was CNY 11,033,724.78, reflecting a 5.19% increase compared to the previous year[31]. - The main business revenue from higher education reached CNY 126,289,381.28, accounting for 98.84% of total revenue, with a year-on-year increase of 10.83%[31]. - The company reported a revenue of ¥127,771,300 for the current period, representing a 10.14% increase compared to ¥116,012,336.71 in the same period last year[40]. - The company’s total profit for the first half of 2023 was ¥16,268,676.33, compared to ¥15,852,056.63 in the previous year, indicating a growth of 2.6%[110]. Cash Flow and Financial Position - The net cash flow from operating activities improved to -CNY 66,682,996.27, compared to -CNY 78,089,161.52 in the same period last year, indicating a positive trend[20]. - The company’s cash and cash equivalents as of June 30, 2023, amount to ¥222,995,749.39, a decrease from ¥298,504,702.42 at the end of 2022[102]. - The company reported a net cash outflow from operating activities of ¥66,682,996.27, an improvement from a net outflow of ¥78,089,161.52 in the same period last year[117]. - The cash flow from operating activities showed a recovery trend, indicating improved operational efficiency and revenue generation capabilities[121]. - The company’s total equity attributable to shareholders was ¥240,593,431.41 as of the end of the reporting period[123]. Assets and Liabilities - The total assets decreased by 8.61% to CNY 850,958,829.29 from CNY 931,107,328.49 at the end of the previous year[20]. - The total liabilities decreased from CNY 584,031,013.22 to CNY 487,613,837.69, a reduction of about 16.5%[104]. - The company’s retained earnings increased by 45.69% to ¥36,607,073.70 compared to ¥25,127,370.30 in the previous year[43]. - The accounts receivable decreased significantly from CNY 2,200,672.68 to CNY 433,000.00, a drop of about 80.3%[106]. Business Operations - The company has maintained its core business focus on higher education, with no significant changes in business type or profit structure compared to the previous year[32]. - The increase in revenue from the higher education segment is attributed to tuition growth and an increase in student enrollment[31]. - The company reported no revenue from its computer information technology business, a decrease of 100% compared to the previous year[31]. - The company is currently in the process of restructuring its assets, with the stock suspension initiated on April 28, 2023, and expected to resume trading on May 4, 2023[36]. Shareholder Information - The largest shareholder, Xi'an Economic Development Group Co., Ltd., holds 12,868,062 shares, accounting for 20.60% of the total shares[93]. - The total number of common shareholders as of the end of the reporting period is 9,532[91]. - The company held its first extraordinary general meeting on January 16, 2023, with 18 shareholders representing 14,048,462 shares, accounting for 22.49% of the total share capital[59]. Risk Management - The report indicates that the company is aware of potential risks and has disclosed them in the management discussion section[7]. - The company is closely monitoring the policy regarding the registration of private schools as non-profit or for-profit entities, which could significantly impact its future development[35]. - The company is actively monitoring macroeconomic trends and adjusting its business strategies accordingly to mitigate potential risks[55]. Corporate Governance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[6]. - There were no changes in the company's board, supervisors, or senior management during the reporting period[63]. - The company reported no significant litigation or arbitration matters during the reporting period[68]. Accounting Policies - The financial statements are prepared based on the going concern principle, indicating no significant issues affecting the company's ability to continue operations for at least 12 months from the reporting date[146]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that the financial statements reflect a true and complete picture of its financial status and operating results[147]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination[152].