开元教育(300338) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 was ¥286,486,549.52, a decrease of 4.62% compared to the same period last year[2]. - The net profit attributable to shareholders was -¥58,087,580.38, representing a significant decline of 534.36% year-on-year[2]. - The net profit after deducting non-recurring gains and losses was -¥51,210,402.25, down 195.13% from the previous year[2]. - The company's operating revenue for the first nine months of 2021 reached ¥823,858,315.06, representing a year-on-year increase of 22.89% compared to ¥670,419,504.99 in the same period of 2020[7]. - The net profit for Q3 2021 was -180,920,816.33 CNY, compared to -189,023,647.99 CNY in Q3 2020, showing a slight improvement[20]. - Operating profit for Q3 2021 was -188,236,829.54 CNY, an improvement from -210,650,997.26 CNY in the same period last year[20]. - Total comprehensive income for the period was -180,918,399.30 CNY, slightly better than -189,023,647.99 CNY in Q3 2020[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,487,038,426.35, an increase of 3.72% compared to the end of the previous year[2]. - Total assets increased from 1,433,675,784.87 to 1,750,991,013.59, a rise of 22.08%[28]. - Total liabilities rose to ¥1,161,312,674.82 from ¥929,222,660.40, an increase of 25.0%[17]. - Total liabilities rose from 929,222,660.40 to 1,246,537,889.12, an increase of 34.14%[29]. - Current liabilities amounted to 917,972,660.40, compared to 1,009,784,806.53, showing a decrease of 9.06%[29]. - Non-current liabilities increased from 11,250,000.00 to 236,753,082.59, a substantial rise of 2011.11%[29]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,025[9]. - The largest shareholder, Jiang Yong, holds 9.67% of the shares, amounting to 33,005,637 shares, with 19,072,698 shares pledged[10]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥21,829,527.38[2]. - The net cash flow from operating activities improved significantly to ¥21,829,527.38, a 127.48% increase from a negative cash flow of ¥79,445,340.70 in the previous year[7]. - The cash flow from operating activities generated a net amount of 21,829,527.38 CNY, a significant recovery from -79,445,340.70 CNY in the previous year[24]. - The net cash flow from investing activities was ¥95,306,881.97, a substantial increase of 268.21% compared to a negative cash flow of ¥56,658,398.04 in the same period last year[7]. - Investment activities generated a net cash flow of 95,306,881.97 CNY, compared to -56,658,398.04 CNY in Q3 2020, reflecting a positive turnaround[25]. Costs and Expenses - Operating costs increased by 27.05% to ¥305,096,915.68, up from ¥240,144,828.66, primarily due to the rise in operating revenue[7]. - Financial expenses surged by 104.50% to ¥38,105,131.43, compared to ¥18,633,041.42, mainly due to the implementation of new leasing standards[7]. - The company incurred financial expenses of 38,105,131.43 CNY, which is an increase from 18,633,041.42 CNY in the previous year[20]. - Research and development expenses were 47,530,374.48 CNY, a decrease from 56,766,958.34 CNY in Q3 2020, indicating a reduction in R&D investment[20]. Equity - The equity attributable to shareholders decreased by 35.38% to ¥325,701,927.78 compared to the end of the previous year[2]. - The company's total equity decreased to ¥325,725,751.53 from ¥504,453,124.47, a decline of 35.4%[17]. - The company's equity remained stable at 504,453,124.47, with no significant changes reported[30]. Inventory and Receivables - The company’s inventory decreased by 31.77% to ¥7,153,928.60, attributed to improved inventory management[6]. - Accounts receivable decreased to ¥79,461,507.96 from ¥85,615,476.54, a reduction of 7.5%[15]. - The company reported a total of 105,534,327.75 in other receivables, indicating a stable collection of outstanding debts[28]. Future Plans and Considerations - The company plans to adjust its stock incentive plan and has approved a shareholder return plan for the next three years (2021-2023)[13]. - The company is expected to continue focusing on market expansion and new product development in the upcoming quarters[31]. - The company has applied for a comprehensive credit line from banks using accounts receivable as collateral[13]. Audit Status - The company has not yet audited the third-quarter report, which may affect the reliability of the financial data presented[31].