科德教育(300192) - 2023 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2023 was CNY 204,238,660.88, representing a 2.40% increase compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2023 was CNY 41,872,233.25, a significant increase of 58.20% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 42,478,313.93, up 61.02% from the previous year[5]. - Total operating revenue for Q3 2023 was CNY 560,803,838.23, a decrease of 4.3% from CNY 589,074,411.62 in the same period last year[21]. - Net profit for Q3 2023 was CNY 96,460,239.83, an increase of 78.5% compared to CNY 54,100,293.90 in Q3 2022[23]. - The total comprehensive income for the third quarter of 2023 was CNY 96,460,239.83, compared to CNY 54,100,293.90 in the same period last year, representing an increase of approximately 78.4%[24]. - The basic and diluted earnings per share for the third quarter were CNY 0.3025, up from CNY 0.1611 in the previous year, reflecting an increase of 87.6%[24]. Cash Flow - The net cash flow from operating activities for the year-to-date period increased by 109.29% to CNY 251,724,053.61[8]. - Cash inflows from operating activities totaled CNY 561,884,791.08, compared to CNY 449,848,401.79 in the previous year, marking a growth of 24.9%[24]. - The net cash flow from operating activities was CNY 251,724,053.61, significantly higher than CNY 120,273,751.37 in the same quarter last year, indicating a year-over-year increase of 109.4%[24]. - Cash outflows for investment activities were CNY 130,709,654.32, compared to CNY 33,043,707.76 in the previous year, resulting in a net cash flow from investment activities of -CNY 119,402,654.32[25]. - The net cash flow from financing activities was -CNY 85,089,064.00, compared to -CNY 47,401,494.73 in the previous year, indicating a worsening of 79.6%[25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,185,742,165.67, reflecting an 8.10% increase from the end of the previous year[5]. - The company's total current assets amounted to RMB 747,543,648.06, an increase from RMB 645,519,697.09 at the beginning of the year, reflecting a growth of approximately 15.8%[18]. - The company's cash and cash equivalents stood at RMB 328,219,298.21, slightly down from RMB 331,790,962.11 at the start of the year, indicating a decrease of about 1.7%[18]. - The total liabilities decreased slightly to CNY 350,415,667.23 from CNY 354,977,187.45[20]. - The equity attributable to shareholders of the parent company rose to CNY 839,301,344.45, compared to CNY 739,642,920.43 in the previous year[20]. Expenses - The company reported a 59.42% decrease in selling expenses year-to-date, attributed to the closure of K12 extracurricular training business[9]. - Total operating costs decreased by 14.1% to CNY 441,350,125.43 from CNY 513,982,357.89 year-on-year[21]. - Research and development expenses for Q3 2023 were CNY 12,909,890.12, a slight increase from CNY 12,321,217.89 in Q3 2022[21]. - The company reported a significant reduction in sales expenses, which fell to CNY 22,956,481.29 from CNY 56,569,818.67 year-on-year[21]. Investments - The company completed an investment of RMB 130 million in Zhonghao Xinying (Hangzhou) Technology Co., including a cash acquisition of 1.4285% equity for RMB 20 million and a capital increase of RMB 110 million[16]. - The company plans to continue its investment strategy, as indicated by the substantial increase in cash outflows for investments, which reached CNY 100,000,000.00 this quarter[25]. Other Information - The company has changed its official website domain to www.kede-edu.com to enhance accessibility for investors and the public[15]. - The company has maintained its other contact information unchanged despite the domain change[15]. - The company reported a significant increase in cash received from sales of goods and services, totaling CNY 524,842,390.45, compared to CNY 430,712,864.68 in the previous year, an increase of 21.8%[24]. - The company has not undergone an audit for the third quarter report, which may affect the perception of financial reliability[26].