开元教育(300338) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥217,567,778.32, representing a 56.79% increase compared to ¥138,764,998.88 in the same period last year[8] - The net profit attributable to shareholders was -¥86,036,250.65, an improvement of 29.42% from -¥121,894,251.22 year-on-year[8] - The basic earnings per share improved to -¥0.2522, a 28.98% increase from -¥0.3551 in the same period last year[8] - The net profit attributable to shareholders for Q1 2021 was -86.04 million yuan, an improvement of 29.42% from -122.67 million yuan in Q1 2020[18] - Net loss for Q1 2021 was CNY 86,536,545.88, an improvement from a net loss of CNY 138,549,773.80 in the same period last year[40] - Total comprehensive income for the period was -13,637,898.70 CNY, compared to -10,654,796.29 CNY in the prior year, reflecting a decrease of approximately 28.0%[45] Cash Flow and Liquidity - The net cash flow from operating activities was -¥57,010,052.11, showing a 37.03% improvement compared to -¥90,535,057.07 in the previous year[8] - The company's cash and cash equivalents decreased by 30.11% to 90.20 million yuan from 129.06 million yuan at the beginning of the period, mainly due to normal operating costs and promotional expenses[16] - Cash and cash equivalents at the end of the period stood at 87,994,271.46 CNY, down from 163,413,723.96 CNY at the end of the previous year, a decline of about 46.0%[49] - The company reported cash outflows from operating activities totaling 318,963,350.66 CNY, compared to 263,633,587.17 CNY in the previous year, indicating an increase of approximately 21.0%[48] - The cash inflow from financing activities was 15,400,000.00 CNY, compared to 1,000,000.00 CNY in the previous year, showing a substantial increase[49] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,692,800,623.57, an increase of 18.07% from ¥1,433,675,784.87 at the end of the previous year[8] - The total liabilities increased to CNY 1,274,484,044.22 from CNY 929,222,660.40, representing a significant increase of approximately 37.09%[32] - The company's total equity decreased to CNY 418,316,579.35 from CNY 504,453,124.47, a decline of about 17.04%[33] - The company's current assets totaled CNY 448,601,413.42 as of March 31, 2021, compared to CNY 433,238,062.80 at the end of 2020, indicating a rise of about 3.16%[30] - The accounts receivable rose to CNY 93,141,927.86 from CNY 85,615,476.54, marking an increase of approximately 8.88%[30] Shareholder Information - The total number of common shareholders at the end of the reporting period was 9,458[12] - The largest shareholder, Jiang Yong, held 9.67% of the shares, with 33,005,637 shares, of which 24,754,228 were pledged[12] Operational Highlights - The company achieved a total of 240,000 enrollment registrations in Q1 2021, a decrease of 11.32% year-on-year, attributed to the previous year's low-price promotions during the pandemic[19] - The sales order transaction amount reached 348.79 million yuan in Q1 2021, reflecting a 53.47% increase compared to the same period last year[19] - The company signed an asset transfer agreement for 110.18 million yuan to sell idle assets, aiming to focus resources on vocational education business[20] Research and Development - The company’s development expenditure rose by 179.56% to 5.34 million yuan, reflecting increased investment in research and development during the reporting period[16] - Research and development expenses for Q1 2021 were CNY 17,599,005.45, compared to CNY 14,982,485.90 in the previous period, reflecting increased investment in R&D[39] Financial Adjustments and Standards - The company has implemented new leasing standards starting from 2021, which has resulted in adjustments to the financial statements[53] - The company has not undergone an audit for the first quarter report, indicating that the figures presented are unaudited[59]