SXN(SH:600661)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 306,051,363.67, representing a year-on-year increase of 53.88%[8] - The net profit attributable to shareholders for Q3 2023 was CNY -86,374,370.59, a decrease of 79.70% compared to the same period last year[8] - The basic earnings per share for Q3 2023 was CNY 0.0819, down 79.87% year-on-year[8] - The company reported a net profit attributable to shareholders for the year-to-date period of CNY 21,297,154.64, a decrease of 151.37% year-on-year[8] - The diluted earnings per share for the year-to-date period was CNY -0.3166, down 148.92% compared to the previous year[8] - Total operating revenue for the first three quarters of 2023 reached ¥713,246,239.12, a 30.7% increase from ¥545,672,450.32 in the same period of 2022[27] - Net profit for the first three quarters of 2023 was a loss of ¥80,395,675.99, compared to a profit of ¥165,883,533.63 in the same period of 2022[28] - The company reported a basic earnings per share of -0.3325, down from 0.6472 in the previous year[29] - The total comprehensive income for the period was a loss of ¥94,661,084.23, compared to a gain of ¥176,015,154.73 in the same period of 2022[29] - The company recorded an operating profit of -99,935,941.61 RMB in Q3 2023, compared to an operating profit of 204,068,786.32 RMB in Q3 2022[42] Assets and Liabilities - The total assets at the end of Q3 2023 were CNY 1,329,975,615.62, an increase of 8.13% from the end of the previous year[8] - As of September 30, 2023, the total assets of the company amounted to RMB 1,329,975,615.62, an increase from RMB 1,230,013,491.50 at the end of 2022, reflecting a growth of approximately 8.1%[22] - The company's total current assets decreased to RMB 719,406,966.53 from RMB 736,633,122.38, representing a decline of about 2.0%[22] - Non-current assets increased significantly to RMB 610,568,649.09 from RMB 493,380,369.12, marking an increase of approximately 23.8%[23] - The total liabilities increased to RMB 893,958,243.80 from RMB 733,789,162.78, indicating a rise of around 21.8%[24] - The total liabilities amounted to ¥1,013,250,049.70, an increase from ¥805,597,255.51 in the previous year[25] - The total equity attributable to shareholders of the parent company decreased to ¥227,153,563.88 from ¥336,757,128.55, a decline of 32.5%[25] - The total liabilities decreased from ¥1,297,552,041.05 at the end of 2022 to ¥1,203,178,961.34 as of September 30, 2023[38] - The total equity decreased from ¥706,788,027.32 at the end of 2022 to ¥589,335,608.84 as of September 30, 2023[38] Cash Flow - The net cash flow from operating activities for the year-to-date period was not applicable, primarily due to an increase in tuition fee collections[12] - The company's net cash flow from operating activities for Q3 2023 was ¥177,397,735.33, a significant improvement compared to a net outflow of ¥285,199,311.37 in Q3 2022[32] - The net cash flow from operating activities for the first nine months of 2023 was -39,278,099.82 RMB, an improvement from -79,128,087.41 RMB in the same period of 2022[45] - The cash inflow from operating activities for the first nine months of 2023 was 8,368,879.21 RMB, compared to 1,502,971.58 RMB in the same period of 2022, marking an increase of approximately 455.5%[45] - The cash flow from investment activities for the first nine months of 2023 was 20,488,714.04 RMB, compared to 312,340,431.43 RMB in the same period of 2022, showing a decrease of approximately 93.4%[46] Expenses - The company reported a significant increase in sales expenses, totaling ¥180,640,397.05, which is a 45.7% rise from ¥123,889,386.39 in the previous year[27] - Research and development expenses decreased to ¥10,155,371.32 from ¥11,976,643.16, reflecting a 15.2% reduction year-over-year[27] - The company reported a significant increase in management expenses, which rose to ¥73,737,292.39 from ¥41,086,378.54 year-over-year[41] Shareholder Information - As of June 30, 2023, the total shares held by the controlling shareholder and its concerted parties amounted to 68,156,380 shares, representing 23.79% of the total share capital[17] - By September 30, 2023, the total shares held by Changjia Investment and its concerted parties decreased to 49,705,504 shares, accounting for 17.35% of the total share capital[18] Other Information - The company experienced a significant decline in net profit due to the completion of share transfers from Shanghai Jiao Tong University in the previous year[12] - The company plans to continue expanding its business scale, contributing to the increase in operating revenue[12] - The company has not reported any new product launches or market expansion strategies in the current earnings call[47]