XUEDA(SZ:000526)2023-04-26 16:00Financial Performance - The company's revenue for Q1 2023 was ¥518,718,890.42, representing a 4.46% increase compared to ¥496,580,248.49 in the same period last year[4] - Net profit attributable to shareholders increased by 334.46% to ¥5,087,449.14 from ¥1,170,985.00 year-on-year[4] - The basic earnings per share increased by 336.36% to ¥0.0432, compared to ¥0.0099 in the previous year[4] - The total profit for Q1 2023 was CNY 17,259,853.41, compared to CNY 7,608,354.33 in Q1 2022, representing an increase of approximately 126.5%[20] - The net profit attributable to the parent company was CNY 5,087,449.14, up from CNY 1,170,985.00 in the same period last year, marking a growth of about 334.5%[20] - The total comprehensive income for Q1 2023 was CNY 3,561,655.30, compared to CNY 802,227.46 in Q1 2022, representing an increase of about 343.0%[20] Cash Flow and Liquidity - The net cash flow from operating activities rose by 147.27% to ¥343,737,227.19, up from ¥139,014,286.97 in Q1 2022[4] - The operating cash flow for Q1 2023 was CNY 343,737,227.19, significantly higher than CNY 139,014,286.97 in Q1 2022, indicating an increase of approximately 147.0%[23] - Cash and cash equivalents at the end of Q1 2023 totaled CNY 996,793,325.44, compared to CNY 950,121,277.64 at the end of Q1 2022, reflecting a year-over-year increase of about 4.9%[24] - The company reported cash inflows from operating activities of CNY 717,340,639.19, up from CNY 539,366,010.20 in the previous year, which is an increase of approximately 33.0%[23] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥3,373,134,359.38, a 6.03% increase from ¥3,181,294,444.20 at the end of the previous year[4] - Total current assets increased to ¥1,203,875,093.27 from ¥975,224,257.18, marking a rise of 23.4%[16] - Total liabilities rose to ¥2,946,310,557.95 from ¥2,758,032,298.07, an increase of 6.8%[17] - The net assets attributable to shareholders were approximately RMB 440 million, with a growth of 0.93% compared to the end of the previous year[12] Operating Costs and Expenses - Total operating costs decreased to ¥489,724,760.14 from ¥491,550,049.60, reflecting a slight reduction of 0.3%[19] - The company experienced a 101.07% increase in income tax expenses, totaling ¥12,654,436.35, driven by higher profit levels[8] - The tax expenses for Q1 2023 were CNY 12,654,436.35, compared to CNY 6,293,543.87 in Q1 2022, which is an increase of about 101.0%[20] - Research and development expenses decreased to ¥5,145,095.81 from ¥6,726,397.24, a reduction of 23.5%[19] Investments and Financing - Investment income decreased by 1526.80% to -¥11,598,603.70, primarily due to losses from the disposal of affiliated training schools[7] - The net cash outflow from investing activities was CNY 47,717,176.17, compared to a net outflow of CNY 24,861,703.15 in the same period last year, reflecting an increase in investment activities[24] - The company incurred a net cash outflow from financing activities of CNY 65,429,819.40, compared to CNY 37,306,827.35 in Q1 2022, indicating an increase of approximately 75.6%[24] Shareholder Information - The top shareholder, Unisplendour Corporation Limited, holds 13.74% of the shares, amounting to 16,177,347 shares[11] - Zhejiang Taizhou Yelinwan Investment Planning Co., Ltd. holds 10.57% of the shares, totaling 12,449,032 shares, with 12,438,544 shares pledged[11] - Tianjin Ant Culture Communication Co., Ltd. owns 8.99% of the shares, equating to 10,591,672 shares[11] Strategic Initiatives - The company is exploring and expanding into vocational education, cultural services, and educational digitization to enhance operational effectiveness[12] - The company has signed extension agreements with creditors, including Unisplendour and Xin Xin Commercial Factoring, with outstanding borrowings of RMB 1.014 billion[13] - The company has repaid all borrowings to Shenzhen Factoring, with remaining borrowings to Tianjin Factoring amounting to RMB 14.2 million[14]