OFFCN EDU(SZ:002607)2019-10-28 16:00Financial Performance - Operating revenue for the period was RMB 2,521,688,418.01, representing a year-on-year growth of 46.08%[4] - Net profit attributable to shareholders was RMB 465,837,656.14, up 41.62% year-on-year[4] - Net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 416,140,588.66, an increase of 33.15% compared to the previous year[4] - Basic earnings per share for the period was RMB 0.08, reflecting a growth of 33.33% year-on-year[4] - The company reported a diluted earnings per share of RMB 0.08, consistent with the basic earnings per share[4] - Total operating revenue for Q3 2019 reached ¥2,521,688,418.01, a 46.1% increase from ¥1,726,210,216.11 in the same period last year[38] - Net profit for Q3 2019 was ¥465,836,836.86, representing a 41.5% increase compared to ¥328,933,609.43 in Q3 2018[39] - The company reported a total profit of ¥1,148,421,545.50, which is a 81.1% increase from ¥633,838,091.42 in the prior period[44] Assets and Liabilities - Total assets reached RMB 9,315,121,579.83, an increase of 29.34% compared to the same period last year[4] - The company’s total liabilities increased significantly, with accounts payable decreasing by 75.21% to CNY 35,842,786.06, indicating improved cash flow management[14] - Total liabilities increased to CNY 6,780,212,062.01, up from CNY 4,248,119,616.23, representing a growth of approximately 59.5% year-over-year[34] - Total current liabilities amounted to CNY 6,685,399,670.43, an increase from CNY 4,151,352,116.05, representing a growth of about 61.1%[34] - Owner's equity decreased to CNY 19,148,119,073.84 from CNY 20,594,422,517.88, reflecting a decrease of approximately 7.0%[37] Cash Flow - The net cash flow from operating activities was negative at RMB -1,312,107,088.75, a decrease of 33.68% compared to the previous year[4] - Cash received from sales and services increased by 40.99% to CNY 8.33 billion, driven by effective management and market share concentration[15] - The cash inflow from operating activities for the current period is CNY 8,332,471,710.60, an increase of 41% compared to CNY 5,910,836,038.57 in the previous period[48] - The cash inflow from investment activities is CNY 18,334,972,859.12, a significant increase from CNY 11,879,980,166.39 in the previous period[49] Research and Development - Research and development expenses increased by 61.62% to CNY 511,783,733.85, driven by expanded R&D scale and enhanced investment in technological infrastructure[14] - Research and development expenses increased to ¥207,753,576.34, a 83.6% rise from ¥113,127,957.82 in the same quarter last year[38] - Research and development investments increased by 30% in Q3 2019, focusing on innovative educational technologies[20] Shareholder Information - The total number of shares outstanding as of the last trading day before disclosure was 6,167,399,389 shares[4] - The largest shareholder, Lu Zhongfang, holds 41.36% of the shares, totaling 2,550,549,260 shares[9] - The company reported a significant increase in user engagement, with a year-over-year growth of 25% in active users[23] Future Outlook - The company provided a positive outlook for Q4 2019, projecting a revenue growth of 20% to 30%[20] - The company aims to improve operational efficiency, targeting a 5% reduction in costs by the end of Q4 2019[20] - Future outlook remains positive, with a projected annual growth rate of 12% over the next three years[24] Compliance and Governance - The management emphasized the importance of maintaining compliance with regulatory requirements to avoid potential penalties[20] - The company has established a complete and independent corporate governance structure following the transaction, ensuring that the board and shareholders exercise their rights independently[22] - The company has committed to not interfering with the decision-making processes of the listed company's board and shareholders[22]