新华文轩(601811) - 2020 Q3 - 季度财报

Financial Performance - Revenue for the first nine months was ¥5,728,576,910.00, a decrease of 1.71% compared to ¥5,828,384,140.56 in the previous year[5] - Net profit attributable to shareholders was ¥758,467,622.63, showing a slight increase of 1.53% from ¥747,013,781.44 year-on-year[5] - Total operating revenue for Q3 2020 was ¥1,197,943,422.24, an increase from ¥1,075,267,990.68 in Q3 2019, representing a growth of approximately 11.4%[23] - Net profit for Q3 2020 reached ¥177,036,649.99, compared to ¥165,586,690.99 in Q3 2019, reflecting an increase of about 6.8%[22] - Comprehensive income totalled ¥298,299,802.49 in Q3 2020, significantly higher than ¥39,285,442.56 in Q3 2019[22] - Net profit for the first three quarters of 2020 was CNY 2,789,451,236.42, slightly down from CNY 2,810,634,457.60 in the same period of 2019, indicating a decrease of approximately 0.75%[19] Assets and Liabilities - Total assets at the end of the reporting period reached ¥16,790,769,710.87, an increase of 9.57% compared to the previous year[5] - Total liabilities reached CNY 7.26 billion, up from CNY 6.20 billion, indicating an increase of around 17%[17] - The company's long-term receivables decreased by 37.39% to CNY 219,740,617.31 from CNY 350,957,672.37 due to the nearing payment terms[9] - The company's contract liabilities rose by 91.71% to CNY 722,179,089.13 from CNY 376,701,382.73, indicating an increase in advance payments for educational services[9] - The company’s total current assets amounted to CNY 10.45 billion, up from CNY 9.09 billion, indicating an increase of about 14.9%[15] Cash Flow - Operating cash flow for the period from January to September was ¥1,328,265,355.95, representing a significant increase of 38.51% compared to the same period last year[5] - The net cash flow from operating activities for Q3 2020 was approximately ¥971.67 million, a significant increase from ¥462.90 million in Q3 2019, representing a year-over-year growth of 109.3%[27] - Cash flow from operating activities generated a net amount of 1,328,265,355.95 RMB in the first three quarters of 2020, an increase from 958,997,135.04 RMB in the same period of 2019[25] - The net cash flow from investment activities was negative at approximately -¥9.24 million in Q3 2020, contrasting sharply with a positive cash flow of ¥1.41 billion in Q3 2019[27] Shareholder Information - The total number of shareholders at the end of the reporting period was 22,790[7] - The largest shareholder, Sichuan Xinhua Publishing Distribution Group Co., Ltd., held 50.95% of the shares[7] Expenses and Financials - Research and development expenses decreased by 53.20% to CNY 1,165,496.74 from CNY 2,490,350.75, reflecting reduced investment in educational information technology[10] - The company's financial expenses showed a significant increase due to higher interest income from bank deposits, amounting to CNY -38,716,789.65 compared to CNY -22,824,126.36 in the previous year[10] - Financial expenses for Q3 2020 included interest expenses of ¥6,528,586.17, compared to ¥5,528,294.60 in Q3 2019, an increase of about 18.1%[23] Other Comprehensive Income - The company's other comprehensive income after tax increased to CNY 42,359,759.95, a recovery from a loss of CNY -121,555,295.72 in the previous year, driven by fluctuations in the market value of shares held[12] - The fair value changes resulted in a gain of CNY 103,318,071.67, a significant recovery from a loss of CNY -18,475,567.81 in the previous year[12]