学大教育(000526) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥691,802,386.62, representing a 15.31% increase compared to ¥599,945,206.26 in the same period last year[7]. - Net profit attributable to shareholders was ¥5,366,867.62, a significant turnaround from a loss of ¥16,034,348.26, marking a 133.47% improvement[7]. - Basic and diluted earnings per share improved to ¥0.0519 from a loss of ¥0.1667, reflecting a 131.13% increase[7]. - The company reported an operating profit of ¥14,022,955.54, a significant recovery from an operating loss of ¥9,961,381.63 in the previous period[50]. - Net profit for the current period was ¥4,673,439.18, compared to a net loss of ¥16,077,923.83 in the prior period, indicating a turnaround in profitability[50]. - The total comprehensive income for the current period was ¥4,893,970.25, compared to a loss of ¥14,215,284.37 in the previous period[51]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 225.07% to ¥333,303,914.06, up from ¥102,532,631.28 in the previous year[7]. - Cash flow from operating activities was ¥900,766,672.68, an increase from ¥630,661,936.01 in the previous period[56]. - The net increase in cash and cash equivalents for the period was ¥735,723,398.13, contrasting with a decrease of ¥89,555,877.72 in the same period last year[58]. - The total cash and cash equivalents at the end of the period stood at ¥1,728,491,182.55, up from ¥671,089,601.45 at the end of Q1 2020[58]. - The company paid ¥415,973,309.70 to employees during the quarter, slightly up from ¥401,670,116.53 in the same quarter last year[57]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,236,813,715.68, a 48.98% increase from ¥3,515,113,652.66 at the end of the previous year[7]. - Total liabilities amounted to ¥4,277,489,115.57, up from ¥3,383,100,287.22, reflecting an increase of around 26%[43]. - Owner's equity increased to ¥959,324,600.11 as of March 31, 2021, compared to ¥132,013,365.44 at the end of 2020, showing a growth of approximately 627%[44]. - The total liabilities to equity ratio improved to approximately 4.46, down from 25.6, indicating a stronger financial position[43]. - The company's total liabilities included short-term borrowings of ¥1,585,876,890.43 as of December 31, 2020[64]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,199[11]. - The top ten shareholders held a combined 56.67% of the company's shares, with the largest shareholder owning 12.74%[11]. Capital and Investments - The total amount raised from the private placement was RMB 830,999,705.06, with a net amount of RMB 822,314,477.12 after deducting issuance costs[19]. - The company plans to invest RMB 575,625,700.00 in its wholly-owned subsidiary for projects including teaching site construction and OMO online education platform development[28]. - The company has authorized the use of up to RMB 700 million of idle raised funds for cash management in safe and liquid financial products[28]. - The company has engaged in wealth management with a total amount of RMB 33,006,000 in bank financial products[30]. Governance and Compliance - The company has changed its name to "Xueda (Xiamen) Education Technology Group Co., Ltd." and its stock abbreviation to "Xueda Education" as part of its governance improvement efforts[20]. - The company has not reported any significant changes in expected net profit for the first half of 2021 compared to the same period last year[29]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[34]. - The company has not experienced any violations regarding external guarantees during the reporting period[33]. Financial Adjustments and Standards - The company adjusted its financial statements in accordance with new leasing standards, impacting the balance sheet as of January 1, 2021[62]. - The implementation of the new leasing standard did not significantly impact the company's financial position or cash flows[66]. - The company has not made any retrospective adjustments to prior year financial statements due to the new leasing standard[66].