凯文教育(002659) - 2019 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2019 was ¥80,489,943.53, representing a 98.78% increase compared to ¥40,492,953.37 in the same period last year[7]. - The net profit attributable to shareholders was -¥20,868,802.96, an improvement of 30.68% from -¥30,106,102.85 year-on-year[7]. - The company's operating revenue increased by ¥39,996,990.16, a growth of 98.78%, primarily due to an increase in education service income[15]. - Total operating revenue for the current period reached ¥80,489,943.53, a significant increase from ¥40,492,953.37 in the previous period, representing a growth of 99%[38]. - The net loss for the current period was ¥21,486,694.87, an improvement compared to a net loss of ¥30,053,576.86 in the previous period, reflecting a reduction of approximately 29%[40]. - The basic and diluted earnings per share improved to -0.04 from -0.06, indicating a positive trend in financial performance[41]. - The company reported a total comprehensive loss of ¥21,687,391.33, compared to a loss of ¥30,202,625.85 in the previous period, indicating a decrease of approximately 28%[41]. Cash Flow - The net cash flow from operating activities was -¥64,995,191.29, a decline of 66.77% compared to -¥38,973,473.60 in the previous year[7]. - The company reported a total cash outflow from operating activities of 87,110,204.21 CNY, compared to 61,560,151.53 CNY in the previous year, reflecting increased operational costs[48]. - The cash inflow from operating activities was 22,115,012.92 CNY, slightly down from 22,586,677.93 CNY year-over-year[48]. - The total cash inflow from investment activities was 8,826,989.42 CNY, while cash outflow was 31,226,114.22 CNY, resulting in a net cash flow from investment activities of -22,399,124.80 CNY[49]. - The net cash flow from financing activities was -224,903,545.66 CNY, a significant decrease compared to a net inflow of 121,206,609.94 CNY in the previous year[49]. - The company received 8,000,000.00 CNY from investment recoveries, which was not reported in the previous year[49]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,517,949,424.50, down 7.64% from ¥3,808,768,547.68 at the end of the previous year[7]. - Total liabilities decreased from CNY 1,693,702,448.00 to CNY 1,424,570,716.15, a decrease of approximately 15.87%[31]. - Current liabilities decreased from CNY 703,702,448.00 to CNY 434,570,716.15, a reduction of about 38.29%[31]. - Owner's equity decreased from CNY 2,115,066,099.68 to CNY 2,093,378,708.35, a decline of about 1.03%[32]. - Total current assets decreased from CNY 2,283,684,686.20 to CNY 2,082,529,104.19, a decline of about 8.81%[35]. Expenses - Tax expenses rose by ¥3,015,683.79, a staggering increase of 3,246.99%, mainly due to higher property tax[15]. - Sales expenses decreased by ¥2,115,733.66, down 58.02%, attributed to large advertising fees paid in the previous period[15]. - Management expenses increased by ¥10,137,362.98, a growth of 71.08%, primarily due to an increase in employee numbers[15]. - Financial expenses rose by ¥9,731,120.88, an increase of 238.67%, mainly due to the growth in financing scale[15]. - Cash paid for purchasing goods and services increased by ¥12,739,319.08, a growth of 122.08%, due to the expansion of overall business scale[17]. - Cash paid to employees increased by ¥12,377,177.59, a growth of 41.14%, due to business expansion and an increase in staff[17]. Shareholder Information - The company had a total of 13,717 common shareholders at the end of the reporting period[10]. - The top shareholder, Badachu Holdings Group, held 32.60% of the shares, amounting to 162,547,954 shares[10]. - The company did not engage in any repurchase transactions among the top shareholders during the reporting period[11]. Future Plans - The company plans to issue up to 99,713,397 shares in a non-public offering, raising a total of up to ¥1 billion for a youth education platform project[20]. - The acquisition of Westminster Choir College and related assets was completed for a total price of $40 million[20]. Other Information - The first quarter report was not audited, indicating preliminary financial data[59]. - The company has not applied the new financial instrument and lease standards retrospectively[59].