SXN(SH:600661)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 199,538,034.46, a decrease of 58.82% compared to the same period last year[7] - Net profit attributable to shareholders was CNY 73,021,087.01, an increase of 41.52% year-on-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -21,014,946.74, a decline of 181.10% compared to the previous year[7] - The basic earnings per share were CNY 0.2811, up 45.72% year-on-year[7] - Total operating revenue for Q1 2022 was ¥199,538,034.46, a decrease of 58.8% compared to ¥484,534,901.72 in Q1 2021[25] - Net profit for Q1 2022 was ¥66,613,304.83, slightly down from ¥67,018,624.47 in Q1 2021, representing a decrease of 0.6%[26] - The net profit attributable to shareholders of the parent company for Q1 2022 was ¥73,021,087.01, an increase of 41.5% from ¥51,596,095.58 in Q1 2021[27] - Basic and diluted earnings per share for Q1 2022 were both ¥0.2811, up from ¥0.1929 in Q1 2021[28] - The total operating profit for Q1 2022 was ¥86,181,689.17, compared to ¥57,497,869.66 in Q1 2021, representing an increase of approximately 50%[43] - The net profit for Q1 2022 was ¥86,184,906.55, up from ¥57,497,869.66 in Q1 2021, indicating a growth of around 50%[43] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,238,010,376.81, a decrease of 16.58% from the end of the previous year[7] - The total assets as of March 31, 2022, were 2,079,851,668.81 RMB, an increase from 2,025,616,505.30 RMB as of December 31, 2021[37] - The total liabilities decreased to 1,416,541,871.77 RMB from 1,448,285,971.13 RMB, reflecting a reduction in the company's debt levels[39] - The company's total equity increased to 663,309,797.04 RMB from 577,330,534.17 RMB, indicating a strengthening of the company's financial position[39] - The total current liabilities decreased from RMB 1,084,000,000 to RMB 1,000,000,000, indicating a reduction of approximately 7.77%[21] - The company’s total liabilities decreased from RMB 1,084,000,000 to RMB 1,000,000,000, indicating a reduction of approximately 7.77%[21] Cash Flow - The net cash flow from operating activities was CNY -242,948,058.70, not applicable for comparison[7] - Cash inflow from operating activities in Q1 2022 was ¥76,379,520.19, a significant decrease from ¥481,130,418.73 in Q1 2021[30] - Net cash flow from operating activities was -242,948,058.70 RMB, a significant decrease compared to -28,479,581.61 RMB in the previous period, indicating a worsening cash flow situation[32] - The net cash flow from operating activities for Q1 2022 was -¥24,300,610.18, an improvement from -¥36,392,008.21 in Q1 2021[45] - The total cash inflow from operating activities in Q1 2022 was ¥339,300.53, a decrease from ¥907,563.00 in Q1 2021[45] - The total cash outflow from operating activities in Q1 2022 was ¥24,639,910.71, reduced from ¥37,299,571.21 in Q1 2021[45] Investment and Expenses - The company completed the transfer of 5.01% of shares in Shanghai Jiao Tong University Anli Co., which significantly impacted investment income, increasing by 109.40%[9] - Research and development expenses for Q1 2022 were ¥5,924,987.53, an increase of 120.8% compared to ¥2,695,059.56 in Q1 2021[26] - The company reported a decrease in sales expenses to ¥38,783,063.29 in Q1 2022 from ¥100,989,953.50 in Q1 2021, a reduction of 61.6%[26] - The company incurred sales expenses of 1,992,080.59 RMB, a decrease from 3,707,548.14 RMB in the previous year, indicating improved cost management[42] - The investment income for Q1 2022 was 105,496,271.38 RMB, a notable increase from the previous year's 2,917,475.95 RMB, reflecting successful investment strategies[42] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 21,829[11] - The number of shares held by Shanghai Changjia Investment Co., Ltd. and its concerted parties increased to 50,705,504 shares, representing 17.70% of the total share capital[13] Operational Changes - The company faced a 58.82% decline in operating revenue primarily due to the "double reduction" policy affecting its K12 business scale[9] - The company transitioned to online teaching due to COVID-19 restrictions, impacting its operational activities in March 2022[15]