科德教育(300192) - 2023 Q1 - 季度财报

Financial Performance - In Q1 2023, the company achieved a net profit attributable to shareholders of CNY 35,759,129.09, an increase of 123.22% compared to the same period last year[5] - The company's operating revenue for Q1 2023 was CNY 169,838,623.73, a decrease of 9.21% year-on-year, primarily due to the divestiture of the K12 business[8] - The company reported a basic earnings per share of CNY 0.1086, up 123.00% from CNY 0.0487 in the same period last year[5] - Net profit for Q1 2023 reached CNY 34,819,025.02, representing a 106.5% increase from CNY 16,890,540.41 in Q1 2022[23] - The total comprehensive income for the first quarter of 2023 was CNY 35,759,129.09, compared to CNY 16,019,864.78 in the same period last year, representing an increase of approximately 123.1%[24] - Basic and diluted earnings per share for the first quarter were both CNY 0.1086, up from CNY 0.0487 in the previous year, indicating a growth of 122.5%[24] Cash Flow and Liquidity - The net cash flow from operating activities increased by CNY 98,672,063.69, representing a growth of 465.77% year-on-year, mainly due to an increase in advance tuition payments and a reduction in employee compensation expenses[8] - Cash inflow from operating activities totaled CNY 204,139,210.93, an increase of 30% from CNY 157,122,096.94 in the prior year[25] - The net cash flow from operating activities was CNY 98,672,063.69, significantly higher than CNY 17,440,420.37 in the same quarter last year, marking an increase of 465.5%[25] - Cash outflow for investing activities was CNY 2,551,854.47, down from CNY 6,333,686.52 in the previous year, showing a reduction of approximately 59.7%[26] - The net cash flow from investing activities was -CNY 2,123,854.47, an improvement from -CNY 5,994,686.52 year-over-year[26] - The net increase in cash and cash equivalents for the quarter was CNY 10,716,993.05, compared to CNY 1,437,265.09 in the same period last year, indicating a significant improvement[26] - The ending balance of cash and cash equivalents was CNY 342,507,955.16, slightly down from CNY 350,490,454.22 at the end of the previous year[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,073,685,448.28, a decrease of 2.12% from the end of the previous year[5] - The company's total assets as of Q1 2023 amounted to CNY 1,073,685,448.28, a slight decrease from CNY 1,096,932,510.03 at the end of the previous quarter[21] - Total liabilities decreased to CNY 296,911,100.69 in Q1 2023 from CNY 354,977,187.45 in the previous quarter, reflecting a reduction of 16.3%[21] - The company's equity attributable to shareholders increased to CNY 775,402,049.52, up from CNY 739,642,920.43 in the previous quarter[21] Expenses - Selling expenses decreased by CNY 9,516,000, a year-on-year reduction of 62.85%, while management expenses decreased by CNY 6,336,900, a reduction of 35.19%[8] - The company experienced a decrease in financial expenses by CNY 2,612,700, a year-on-year decrease of 107.79%, due to reduced interest expenses and increased interest income[8] - Total operating costs for Q1 2023 were CNY 127,686,535.60, down 22.8% from CNY 165,525,457.42 in the same period last year[22] - Research and development expenses for Q1 2023 were CNY 3,121,283.55, slightly down from CNY 3,880,133.54 in Q1 2022[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,104[10] - The company’s major shareholder, Wu Xianliang, reduced his stake by 2,824,681 shares, representing 0.86% of the total share capital[11] - MA LIANGMING reduced his holdings by 6,580,000 shares, which is approximately 1.9991% of the total share capital[12] Investments and Future Plans - The company invested a total of RMB 130 million in Zhonghao Xinying Technology Co., acquiring 1.4285% equity and subsequently increasing its registered capital[17] - The company plans to hold its first extraordinary general meeting of 2023 on April 27 to review the investment in Zhonghao Xinying[17] - Future outlook includes continued focus on cost management and potential market expansion strategies, although specific figures were not provided in the report[22] Other Information - The company has no pledged shares after the release of 15 million shares from pledge by the major shareholder[15] - The first quarter report was not audited[27]