开元教育(300338) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥169,659,073.29, a decrease of 22.02% compared to ¥217,567,778.32 in the same period last year[4] - The net profit attributable to shareholders was -¥50,008,670.80, an improvement of 41.87% from -¥86,036,250.65 year-on-year[4] - The total profit for the period was -¥54,814,601.32, a 44.06% improvement from -¥97,985,013.32 year-on-year[8] - The net profit for the first quarter of 2022 was -50,065,192.51 CNY, compared to -86,536,545.88 CNY in the same period last year, indicating an improvement of approximately 42% year-over-year[19] - The total operating profit for the first quarter was -53,736,747.39 CNY, an improvement from -96,624,915.31 CNY in the previous year[19] - The total comprehensive income for the first quarter was -50,065,192.51 CNY, compared to -86,536,545.88 CNY in the previous year, reflecting an overall improvement[20] Cash Flow and Liquidity - The net cash flow from operating activities was -¥21,495,481.55, showing a 62.30% improvement compared to -¥57,010,052.11 in the previous year[4] - Cash flow from operating activities showed a net outflow of -21,495,481.55 CNY, compared to -57,010,052.11 CNY in the same quarter last year, reflecting a significant reduction in cash burn[22] - Total cash and cash equivalents at the end of the quarter were 23,466,289.18 CNY, down from 87,994,271.46 CNY at the end of the previous year[23] - Cash and cash equivalents at the end of Q1 2022 were CNY 57,316,289.18, down from CNY 89,720,001.25 at the beginning of the year[14] - The company reported a significant decrease in cash outflows related to operating activities, totaling 145,183,151.23 CNY, down from 318,963,350.66 CNY in the previous year[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,214,869,677.50, down 4.25% from ¥1,268,756,895.07 at the end of the previous year[4] - Total assets as of March 31, 2022, were CNY 1,214,869,677.50, a decrease from CNY 1,268,756,895.07 at the start of the year[16] - Total liabilities decreased to CNY 1,229,621,892.94 from CNY 1,236,168,337.97 at the beginning of the year[15] - The company’s total equity as of March 31, 2022, was CNY -14,752,215.44, down from CNY 32,588,557.10 at the beginning of the year[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 23,206[10] - The largest shareholder, Jiang Yong, holds 9.72% of the shares, amounting to 33,005,637 shares, with 24,754,228 shares under pledge[10] Expenses and Cost Management - The company reported a decrease in sales expenses by 44.39%, from ¥120,349,634.53 to ¥66,922,306.95, due to reduced promotional investments[7] - Total operating costs for Q1 2022 amounted to CNY 223,681,237.81, down from CNY 315,029,854.32 year-over-year[17] - Research and development expenses for Q1 2022 were CNY 12,986,106.21, compared to CNY 17,599,005.45 in the same period last year, indicating a reduction in R&D spending[17] Government Support - The company received government subsidies amounting to ¥542,646.84, a decrease of 63.01% from ¥1,466,924.25 in the previous year[7] Financing Activities - Short-term borrowings increased to CNY 87,525,254.17 from CNY 49,064,582.93 at the beginning of the year, reflecting a rise in financial leverage[15] - The company received 40,000,000.00 CNY from borrowings during the quarter, compared to 15,000,000.00 CNY in the same period last year, showing increased reliance on debt financing[23] - Investment activities generated a net cash inflow of 8,436,825.42 CNY, compared to 34,293,660.73 CNY in the previous year, indicating a decrease in investment activity[22] Return on Investment - The weighted average return on net assets was -490.69%, a significant decline of 472.03% compared to -18.66% in the previous year[4]