开元教育(300338) - 2019 Q1 - 季度财报

Financial Performance - Total operating revenue for Q1 2019 reached ¥355,837,310.79, an increase of 50.94% compared to ¥235,750,275.24 in the same period last year[8] - Net profit attributable to shareholders was ¥22,148,982.08, up 32.31% from ¥16,740,410.96 year-on-year[8] - Net profit excluding non-recurring gains and losses was ¥20,399,924.81, reflecting a 53.58% increase from ¥13,283,035.06 in the previous year[8] - Basic earnings per share rose to ¥0.0642, a 30.22% increase from ¥0.0493 in the same period last year[8] - The company reported a net profit of CNY 428,506,899.31 in retained earnings, indicating a strong profitability position[58] - The total profit for the current period was ¥33,845,502.47, compared to ¥22,711,874.38 in the previous period, reflecting a growth of approximately 48.9%[42] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥36,532,406.29, a decline of 185.36% compared to -¥12,802,071.72 in the previous year[8] - The company's cash flow from operating activities showed a negative net amount of CNY -36.53 million, a decline of 185.36% compared to the previous period, mainly due to increased promotional and salary expenses[18] - Total cash inflow from operating activities was 395,913,382.85 CNY, while cash outflow was 432,445,789.14 CNY, resulting in a net cash outflow of 36,532,406.29 CNY[49] - The ending balance of cash and cash equivalents was 259,337,269.53 CNY, down from 314,490,740.75 CNY in the previous period[50] - The net increase in cash and cash equivalents was -68,221,426.00 CNY, compared to -63,901,184.30 CNY in the previous period, showing a worsening cash position[50] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,016,972,858.15, a slight increase of 0.29% from ¥3,008,158,016.12 at the end of the previous year[8] - Current liabilities decreased to CNY 720,260,789.26 from CNY 734,825,869.81, a reduction of approximately 2%[32] - The company's total liabilities were CNY 755,682,354.95, with current liabilities accounting for CNY 734,825,869.81, which is about 97% of total liabilities[57] - The total liabilities decreased to CNY 741,072,732.59 from CNY 755,682,354.95, a decline of approximately 1.9%[32] - The company's equity increased to CNY 2,275,900,125.56 from CNY 2,252,475,661.17, reflecting a growth of about 1%[33] Investments and Expenditures - Long-term equity investments rose by 168.57% to CNY 16.41 million, due to additional capital contributions to subsidiaries[16] - Development expenditures surged by 229.82% to CNY 9.13 million, reflecting increased investment in research and development projects[16] - R&D investment totaled CNY 19.34 million, with CNY 6.38 million allocated to instrument and related businesses, enhancing competitiveness in intelligent products[20] - Hengqi Education's R&D investment was CNY 11.24 million, focusing on projects like the Chang'e Plan and AI systems, aimed at building strong content and technology barriers[21] Shareholder Information - The total number of shareholders at the end of the reporting period was 7,675[12] - The company provided a guarantee for a CNY 30 million loan to Hengqi Education to support its operational funding needs[22] - The company divested its manufacturing subsidiary for CNY 271 million to concentrate resources on vocational education[22] Operational Costs - Total operating costs amounted to ¥325,088,499.22, up from ¥220,819,192.78, indicating an increase of about 47.0%[39] - Sales expenses rose significantly to ¥115,835,396.07 from ¥61,302,352.52, an increase of approximately 89.0%[39] - The company reported a 43.42% increase in taxes and additional charges, amounting to CNY 2.52 million, due to the rise in operating revenue[16]