SXN(SH:600661)2019-10-30 16:00Financial Performance - Operating revenue increased by 12.77% year-on-year to CNY 1,780,053,404.08[10] - Net profit attributable to shareholders increased by 6.72% year-on-year to CNY 103,032,744.93[10] - Basic earnings per share increased by 6.74% year-on-year to CNY 0.3596[10] - Weighted average return on equity increased by 3.79 percentage points to 9.86%[10] - Total operating revenue for Q3 2019 reached ¥690.36 million, a 12.16% increase from ¥615.50 million in Q3 2018[45] - Net profit for Q3 2019 was ¥51.16 million, representing a 5.73% increase compared to ¥48.32 million in Q3 2018[46] - The company reported a net profit of ¥294,123,643.17 for the period, compared to ¥73,608,505.31 in the previous year, indicating a significant increase[38] - Total operating revenue for the first three quarters of 2019 was ¥1.78 billion, a 12.74% increase from ¥1.58 billion in the same period of 2018[45] Asset and Liability Changes - Total assets decreased by 12.99% year-on-year to CNY 2,753,498,300.68[10] - Total liabilities increased significantly, with accounts payable rising by 115.64% to RMB 2,950.00 million, reflecting increased use of notes for payment[24] - The company's cash and cash equivalents decreased by 55.20% from the beginning of the year, totaling RMB 37,640.18 million, primarily due to stock repurchases and changes in revenue collection policies[22] - The total current assets as of September 30, 2019, amounted to approximately 1.51 billion RMB, down from 2.18 billion RMB at the end of 2018[35] - The total liabilities amounted to 1,862,178,748.49 RMB, with current liabilities comprising 1,727,010,189.49 RMB[63] - The total assets were reported at 3,164,461,373.49 RMB, with current assets totaling 2,177,082,722.18 RMB[62] Cash Flow Analysis - Net cash flow from operating activities decreased by 141.86% year-on-year to -CNY 90,253,483.26[10] - The net cash flow from investing activities increased by 51.88% year-on-year, totaling -71.41 million RMB, attributed to an increase in the redemption of bank wealth management products[26] - Cash flow from operating activities for the first nine months of 2019 was CNY -90,253,483.26, compared to CNY 215,618,679.71 in the same period of 2018[54] - Cash inflow from investment activities for the first nine months of 2019 was CNY 273,699,064.68, significantly higher than CNY 41,122,986.30 in the previous year[55] - Cash flow from financing activities for the first nine months of 2019 resulted in a net outflow of CNY -310,084,060.91, compared to a net inflow of CNY 33,661,871.79 in the same period last year[55] Shareholder Information - The total number of shareholders reached 12,136[14] - The largest shareholder, Shanghai Jiao Tong University Industry Investment Management (Group) Co., Ltd., holds 12.13% of shares[14] - As of September 30, 2019, Shanghai Longjia Investment Co., Ltd. and its concerted actors held a total of 49,272,004 shares, accounting for 17.19% of the total share capital[18] - The company plans to continue its stock repurchase program, which has already resulted in the repurchase of 13,700,040 shares, accounting for 4.78% of the total share capital[20] Government Subsidies and Other Income - Government subsidies recognized in the current period amounted to CNY 13,035,678.00[12] - The company's other income increased by 39.57% year-on-year, totaling RMB 1,786.41 million, mainly due to higher government subsidies[25] Investment and Acquisitions - The company agreed to acquire 51% of Shanghai Yulun Education Technology Development Co., Ltd. for 85.17 million RMB, with a total valuation of 167 million RMB[27] - The company provided a loan of 113 million RMB to Shanghai Sailin Flag Education Management Consulting Center to support the normal operations of the UK Astrum Group[27] Research and Development - The company's development expenditures increased by 148.47% from the beginning of the year, reaching RMB 2,263.93 million, attributed to increased R&D investments in educational training projects[22] - Research and development expenses for Q3 2019 totaled ¥4.26 million, a 13.36% increase from ¥3.76 million in Q3 2018[45] Comprehensive Income - Other comprehensive income showed a loss of ¥91,171,273.25 compared to a gain of ¥25,331,975.25 in the previous year[38] - The total comprehensive income for Q3 2019 was ¥51.78 million, compared to ¥46.33 million in Q3 2018, indicating an increase of 11.00%[47]