SXN(SH:600661)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 189,278,164.81, representing a decrease of 5.14% compared to the same period last year[7]. - The net profit attributable to shareholders was CNY -29,761,359.57, a decline of 140.76% year-on-year[7]. - The basic earnings per share were CNY -0.1146, down 140.77% from the previous year[7]. - The weighted average return on equity decreased by 42.87 percentage points to -7.70%[7]. - Total operating revenue for Q1 2023 was ¥189,278,164.81, a decrease of 5.6% compared to ¥199,538,034.46 in Q1 2022[23]. - Net profit for Q1 2023 was a loss of ¥29,826,030.96, compared to a profit of ¥66,613,304.83 in Q1 2022, representing a significant decline[24]. - Operating profit for Q1 2023 was a loss of ¥26,795,969.32, compared to a profit of ¥68,492,692.29 in Q1 2022[24]. - The company reported a net profit of -¥31,508,156.59 for Q1 2023, a significant decline from a net profit of ¥86,184,906.55 in Q1 2022[40]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,226,213,853.51, a slight decrease of 0.31% from the end of the previous year[7]. - The total equity attributable to shareholders decreased to RMB 318,696,598.35 from RMB 336,757,128.55, indicating a decline in shareholder value[21]. - The company's total liabilities increased to RMB 819,922,819.11 from RMB 805,597,255.51, indicating a rise in financial obligations[21]. - As of March 31, 2023, total assets amounted to ¥2,013,322,754.20, a slight increase from ¥2,004,340,068.37 as of December 31, 2022, reflecting a growth of approximately 0.06%[35]. - Total liabilities as of March 31, 2023, were ¥1,326,342,054.10, compared to ¥1,297,552,041.05 at the end of 2022, representing an increase of approximately 2.2%[36]. Cash Flow - The net cash flow from operating activities was CNY 11,945,063.25, with a significant increase attributed to the collection of student tuition fees[10]. - Cash flow from operating activities generated a net inflow of ¥11,945,063.25, a recovery from a net outflow of ¥242,948,058.70 in Q1 2022[30]. - The net cash flow from investing activities was -$64,103,311.15, compared to $178,956,680.56 in the previous period[44]. - The net cash flow from financing activities was $125,526,786.30, while cash outflows totaled $251,318,827.55, resulting in a net cash flow of -$125,792,041.25[44]. - The ending balance of cash and cash equivalents was $102,529,690.40, up from $56,209,713.16 at the beginning of the period[44]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,834[10]. - The number of shares held by major shareholders, including China International Capital Corporation, reached 68,156,380 shares, accounting for 23.79% of the total share capital[13]. - Shanghai Jiao Tong University Industry Investment Management (Group) Co., Ltd. and its action-in-consort shareholders reduced their holdings by 5,730,800 shares, representing 2% of the total share capital[15]. Operational Metrics - The company's cash and cash equivalents increased to RMB 401,540,431.65 from RMB 400,197,608.71, indicating a stable liquidity position[18]. - Total current liabilities rose to RMB 751,737,559.28 from RMB 733,789,162.78, reflecting an increase in operational obligations[20]. - The company’s contract liabilities increased to RMB 447,772,013.65 from RMB 390,467,493.41, suggesting growth in future revenue commitments[20]. - The company’s inventory decreased to RMB 10,611,590.90 from RMB 11,568,417.07, indicating improved inventory management[18]. - Research and development expenses rose to ¥6,392,202.11, an increase of 7.9% from ¥5,924,987.53 in Q1 2022[23]. - Sales expenses increased to ¥51,759,126.37, up 33.4% from ¥38,783,063.29 in the same period last year[23]. - The company incurred sales expenses of ¥249,010.76 in Q1 2023, a reduction from ¥1,992,080.59 in Q1 2022, indicating a decrease of approximately 87.5%[39]. Other Income and Expenses - The company received government subsidies amounting to CNY 774,360.38, which are closely related to its normal business operations[8]. - Other income decreased to ¥774,360.38 from ¥1,000,912.78 in Q1 2022, reflecting a decline of 22.6%[24]. - Investment income for Q1 2023 was ¥1,659,249.90, a significant drop from ¥95,651,065.39 in Q1 2022[24]. - Investment income for Q1 2023 was reported at ¥1,552,363.57, a decrease from ¥105,496,271.38 in Q1 2022[39]. Accounting and Reporting - The company did not report any audited financial statements for this quarter[5]. - The company did not apply new accounting standards or interpretations for the current financial statements[44].