凯文教育(002659) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was ¥10,482,554.95, a decrease of 88.91% compared to ¥94,498,838.25 in the same period last year[3] - The net profit attributable to shareholders was -¥38,204,306.46, representing a decline of 145.79% from -¥15,543,715.92 year-over-year[3] - The company's operating income decreased by ¥84,016,283.30, a drop of 88.91%, primarily due to the impact of the new regulations on private education[7] - The company reported a decrease in other income of ¥783,212.09, down 89.19%, mainly due to reduced government subsidies[8] - The company’s investment income decreased by ¥2,134,187.18, a decline of 83.65%, due to a reduction in the amount invested in bank wealth management products[8] - Net loss for Q1 2022 was CNY 38,476,770.30, compared to a net loss of CNY 16,352,452.27 in Q1 2021, representing an increase in loss of 135.00%[20] - The company incurred credit impairment losses of CNY 1,763,410.79 in Q1 2022, compared to a gain of CNY 23,919.80 in the same period last year[19] - Other comprehensive income after tax for Q1 2022 was negative CNY 45,828.60, contrasting with a positive CNY 78,684.97 in Q1 2021[20] Cash Flow - The net cash flow from operating activities was -¥23,082,650.92, an improvement of 73.31% compared to -¥86,480,438.82 in the previous year[3] - The net cash flow from operating activities for Q1 2022 was negative CNY 23,082,650.92, an improvement from negative CNY 86,480,438.82 in the previous year[22] - Cash received from investment recoveries in Q1 2022 was CNY 300,000,000.00, a significant decrease from CNY 1,185,000,000.00 in the same period last year[22] - The net cash flow from investing activities was -¥23,050,136.13 for Q1 2022, compared to -¥16,214,143.34 in Q1 2021[23] - The net cash flow from financing activities was -¥3,460,331.82 in Q1 2022, compared to -¥137,126,854.14 in Q1 2021[23] - Cash inflow from financing activities included ¥36,000,000.00 received from other financing activities[23] - Cash outflow for repayment of debts was ¥25,000,000.00 in Q1 2022, compared to ¥85,000,000.00 in Q1 2021[23] - The total cash outflow from investing activities was ¥323,544,105.79 in Q1 2022, compared to ¥1,203,369,677.57 in Q1 2021[23] - The company reported a decrease in cash and cash equivalents by ¥49,638,947.47 in Q1 2022[23] - The company’s cash inflow from investment activities was ¥300,493,969.66 in Q1 2022, compared to ¥1,187,155,534.23 in Q1 2021[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,401,846,043.84, down 2.24% from ¥3,479,905,186.49 at the end of the previous year[3] - Current assets totaled CNY 685.62 million, down from CNY 753.73 million at the beginning of the year[17] - Cash and cash equivalents were CNY 457.44 million, a decrease from CNY 507.08 million at the beginning of the year[16] - Accounts receivable increased to CNY 89,522.75 from CNY 39,678.76, indicating a rise in outstanding payments[16] - The company reported a decrease in total liabilities, with accounts payable dropping to CNY 31.49 million from CNY 42.13 million[17] - Total liabilities decreased to CNY 1,096,041,899.68 in Q1 2022 from CNY 1,135,578,443.43 in the previous year, a reduction of 3.47%[19] - The total equity attributable to shareholders of the parent company was CNY 2,307,751,997.29, down from CNY 2,346,002,132.35 year-over-year, a decrease of 1.63%[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,266[9] - The controlling shareholder, Beijing Haidian State-owned Assets Investment and Operation Co., Ltd., increased its shareholding by 6,964,800 shares, accounting for 1.16% of the total share capital from January 13 to March 15, 2022[13] - After the increase, the total shares held by Haidian State-owned Assets reached 179,484,094 shares, representing 30% of the total share capital[13] Regulatory Compliance - The company has initiated a change in the sponsors of two Kevin schools to comply with educational policy regulations, with the new sponsors being Beijing Haiguo Education Investment Consulting Co., Ltd.[13] - The service agreements for the two schools have commenced, allowing the company to generate market-based revenue from services provided[14] Miscellaneous - The company's basic and diluted earnings per share were both -¥0.06, a 100% decrease from -¥0.03 in the same period last year[3] - The first quarter report was not audited[24]