凯文教育(002659) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥104,855,230.05, representing a 23.05% increase year-over-year[3] - The net profit attributable to shareholders was -¥18,664,080.71, a 38.45% increase in losses compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥21,674,932.43, reflecting a 30.45% increase in losses year-over-year[3] - Total operating revenue for Q3 2021 was CNY 302,463,964.74, an increase of 35.7% compared to CNY 222,873,197.85 in Q3 2020[18] - Net loss for Q3 2021 was CNY 53,769,861.60, an improvement from a net loss of CNY 97,588,322.73 in Q3 2020[19] - The total comprehensive income attributable to the parent company was -CNY 53.50 million, compared to -CNY 96.52 million in the previous period[23] - Basic and diluted earnings per share were both -CNY 0.09, an improvement from -CNY 0.17 in the same period last year[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,933,426,652.19, a decrease of 4.40% from the end of the previous year[3] - Total assets decreased to CNY 3,933,426,652.19 as of September 30, 2021, down from CNY 4,114,438,418.81 at the end of 2020[15] - Total liabilities decreased to CNY 1,522,434,283.20 from CNY 1,634,675,595.25 at the end of 2020, a reduction of 6.8%[16] - The company’s total equity decreased to CNY 2,410,992,368.99 from CNY 2,479,762,823.56, a decline of 2.8%[16] - Total liabilities amounted to ¥1,634,675,595.25, with current liabilities at ¥582,175,595.25 and non-current liabilities at ¥1,052,500,000.00[28] - Total equity attributable to shareholders of the parent company reached ¥2,475,435,882.39, while total equity was ¥2,479,762,823.56[29] Cash Flow - The company’s cash flow from operating activities was ¥141,175,543.89, showing a significant increase of 149.09% year-to-date[3] - The net cash flow from operating activities was CNY 141.18 million, compared to CNY 56.68 million in the same period last year, representing a significant increase[24] - The net cash flow from investing activities was -CNY 431.09 million, worsening from -CNY 218.91 million in the previous year[24] - The net cash flow from financing activities was -CNY 243.51 million, a decrease from a positive CNY 589.04 million in the same period last year[24] - Cash and cash equivalents dropped to CNY 292,164,151.18 from CNY 877,135,193.76, a decline of 66.7%[14] - The cash and cash equivalents at the end of the period were CNY 292.13 million, down from CNY 925.94 million at the end of the previous period[24] Investments and Income - The company reported a significant increase in trading financial assets, which rose to CNY 608,310,068.94 from CNY 230,304,111.11, marking a 164.5% increase[14] - The company’s investment income increased by 1,194.04% year-over-year, amounting to an increase of ¥8,618,899.76, due to the expansion of bank wealth management products[8] - The company reported an investment income of CNY 9,340,728.53 for Q3 2021, compared to CNY 721,828.77 in Q3 2020, indicating a substantial increase[19] - The company received CNY 3.65 billion from investment recoveries, a significant increase from CNY 80 million in the previous period[23] Operational Changes - The number of students increased, contributing to a 35.71% year-over-year growth in operating revenue, amounting to an increase of ¥79,590,766.89[8] - The company reported a 64.50% increase in contract liabilities, amounting to an increase of ¥155,820,948.14, primarily due to pre-collection of tuition fees for the new academic year[8] - The company experienced a 100% increase in right-of-use assets, amounting to ¥22,617,311.08, due to the new leasing standards[8] - The company’s short-term borrowings decreased by 100%, amounting to a reduction of ¥135,172,368.79, as a result of repaying bank loans[8] Financial Position and Challenges - The company reported an accumulated deficit of ¥180,318,612.65 in retained earnings, reflecting ongoing financial challenges[28] - The company has a long-term loan of ¥1,040,000,000.00, which constitutes a significant portion of its non-current liabilities[28] - The capital reserve stands at ¥2,030,542,022.77, indicating a strong capital position[28] - The company has a total of ¥17,780,874.33 in payable employee compensation, reflecting its obligations to staff[28] - The company has a total of ¥7,267,005.54 in taxes payable, indicating its tax obligations for the period[28] Audit and Reporting - The company has not undergone an audit for the third quarter report, which may affect the reliability of the financial data presented[29] - The company has not applied the new leasing standards retroactively, which may impact future financial reporting[29]