SXN(SH:600661)2019-04-29 16:00Financial Performance - Net profit attributable to shareholders increased by 53.22% to CNY 27,567,802.03 year-on-year[6] - Operating revenue rose by 21.53% to CNY 543,862,096.15 compared to the same period last year[6] - Basic earnings per share increased by 53.18% to CNY 0.0962[7] - The weighted average return on equity improved by 1.08 percentage points to 2.23%[6] - Net profit for Q1 2019 reached CNY 17,839,898.16, compared to CNY 15,594,304.30 in Q1 2018, representing an increase of 14.4%[42] - Earnings per share for Q1 2019 were CNY 0.0962, up from CNY 0.0628 in Q1 2018, indicating a growth of 53.5%[43] - Total profit for Q1 2019 was 6,808,084.62 RMB, compared to 475,631.22 RMB in Q1 2018, indicating a significant increase[46] - Net profit for Q1 2019 was also 6,808,084.62 RMB, reflecting a strong performance compared to the previous year[46] Cash Flow - The net cash flow from operating activities was negative at CNY -269,447,102.83, a decline of 1,638.69% year-on-year[6] - Cash inflow from operating activities in Q1 2019 was 438,072,729.46 RMB, down from 514,349,801.13 RMB in Q1 2018, showing a decrease of approximately 14.8%[49] - Cash outflow from operating activities in Q1 2019 was 707,519,832.29 RMB, compared to 529,838,067.19 RMB in Q1 2018, representing an increase of about 33.6%[50] - Net cash flow from operating activities for Q1 2019 was -269,447,102.83 RMB, worsening from -15,488,266.06 RMB in Q1 2018[50] - Cash inflow from investing activities in Q1 2019 was 184,280,820.02 RMB, significantly higher than 12,238,753.20 RMB in Q1 2018[50] - Net cash flow from investing activities for Q1 2019 was 160,055,133.75 RMB, a substantial improvement from -99,965,580.61 RMB in Q1 2018[50] - Cash flow from financing activities in Q1 2019 resulted in a net outflow of -74,086,652.31 RMB, compared to -6,052,999.09 RMB in Q1 2018[51] Assets and Liabilities - Total assets decreased by 8.22% to CNY 2,904,262,133.59 compared to the end of the previous year[6] - The company's current assets decreased from RMB 2,177,082,722.18 on December 31, 2018, to RMB 1,902,770,263.14 as of March 31, 2019, representing a decline of approximately 12.6%[30] - The company's total liabilities decreased from RMB 1,862,178,748.49 to RMB 1,673,050,906.82, a reduction of about 10.1%[33] - Total equity decreased from RMB 1,302,282,625.00 to RMB 1,231,211,226.77, a decline of approximately 5.5%[34] - The total assets as of Q1 2019 amounted to CNY 1,608,201,076.73, slightly down from CNY 1,611,711,600.90 at the end of Q4 2018[40] - Total liabilities for Q1 2019 were CNY 583,715,972.19, an increase from CNY 501,775,284.59 in Q4 2018[39] - The company's equity totaled CNY 1,024,485,104.54 in Q1 2019, down from CNY 1,109,936,316.31 in Q4 2018[40] Shareholder Information - The total number of shareholders reached 12,297 at the end of the reporting period[11] - The top shareholder, Shanghai Jiao Tong University Industry Investment Management (Group) Co., Ltd., holds 12.13% of shares[11] - As of March 31, 2019, the largest shareholders, Jiaoda Industrial Group and Jiaoda Management Center, collectively held 62,053,863 shares, representing 21.66% of the total share capital[14] - Longjia Investment and its concerted parties held 49,272,004 shares, accounting for 17.19% of the total share capital as of March 31, 2019[15] - As of March 31, 2019, Zhongjin Group and its concerted parties owned 65,000,119 shares, which is 22.68% of the total share capital[17] Investment and Development - The company reported a non-operating income of CNY 1,171,751.90 during the period[9] - The company's construction in progress increased by 73.87% compared to the beginning of the year, reaching 36.68 million yuan due to equipment upgrades[19] - Development expenditures rose by 37.47% to 12.52 million yuan, attributed to new course development in K12 education[19] - The company has recognized an asset impairment provision of 100 million yuan and a contingent liability of 116 million yuan related to the investment fund established in 2015[24] - The company has not disclosed any new product developments or market expansion strategies in this report[4] Compliance and Commitments - The company has no overdue commitments during the reporting period, indicating compliance with all commitments made[27] - The company has not indicated any significant changes in net profit expectations for the year compared to the previous year[28]