Kaiyuan EDU(SZ:300338)2023-04-24 16:00Revenue and Profit - The company's revenue for Q1 2023 was ¥107,307,768.63, a decrease of 36.75% compared to ¥169,659,073.29 in the same period last year[5] - Net profit attributable to shareholders was ¥4,315,645.18, representing an increase of 108.63% from a loss of ¥50,008,670.80 in the previous year[5] - The net profit for the current period is ¥4,085,844.24, compared to a net loss of ¥50,065,192.51 in the previous period[18] - Operating profit improved significantly to ¥10,217,893.66 from a loss of ¥53,736,747.39[18] - Basic earnings per share improved to ¥0.0112 from -¥0.1472, marking a 107.61% increase[5] - Basic and diluted earnings per share for the current period are both ¥0.0112, recovering from a loss of ¥0.1472 in the previous period[18] Cash Flow - The net cash flow from operating activities was -¥39,622,283.25, a decline of 84.33% compared to -¥21,495,481.55 in Q1 2022[5] - Cash flow from operating activities resulted in a net outflow of ¥39,622,283.25, worsening from a net outflow of ¥21,495,481.55 in the previous period[20] - The net cash flow from investing activities increased by 426.93% to ¥44,455,939.51, compared to ¥8,436,825.42 in Q1 2022[9] - Cash flow from investing activities generated a net inflow of ¥44,455,939.51, compared to ¥8,436,825.42 in the previous period[21] - Cash and cash equivalents increased from CNY 20,058,102.56 to CNY 22,929,234.04, an increase of about 14.3%[14] - Cash and cash equivalents at the end of the period increased to ¥20,607,976.29 from ¥23,466,289.18[21] Assets and Liabilities - Total assets decreased by 8.30% to ¥792,052,538.37 from ¥863,766,326.09 at the end of the previous year[5] - Total assets decreased from CNY 863,766,326.09 to CNY 792,052,538.37, a decline of approximately 8.3%[15] - Total liabilities decreased from CNY 781,330,321.09 to CNY 687,500,371.53, a reduction of about 12%[15] - Non-current assets decreased from CNY 671,299,910.28 to CNY 600,511,063.08, a decline of approximately 10.5%[15] - Short-term borrowings decreased from CNY 42,573,176.57 to CNY 39,519,009.90, a reduction of approximately 7.2%[15] Equity - The company's equity attributable to shareholders increased by 26.82% to ¥104,308,280.59 from ¥82,252,317.81 at the end of the previous year[5] - Total equity attributable to the parent company increased from CNY 82,252,317.81 to CNY 104,308,280.59, an increase of about 26.8%[16] Expenses - The company reported a significant reduction in sales expenses by 80.27% to ¥13,200,748.33, down from ¥66,922,306.95 in the previous year[9] - Total operating costs decreased to ¥96,992,683.26 from ¥223,681,237.81, representing a reduction of 56.5%[17] - Research and development expenses decreased by 52.24% to ¥6,201,972.69 from ¥12,986,106.21 in the same period last year[9] - Research and development expenses decreased to ¥6,201,972.69 from ¥12,986,106.21, a reduction of 52.2%[17] Shareholder Information - The number of common shareholders at the end of the reporting period was 14,934[11] - Accounts receivable rose from CNY 32,908,177.42 to CNY 39,786,441.22, reflecting an increase of approximately 20.5%[14] - Inventory decreased significantly from CNY 14,274,004.87 to CNY 6,551,531.07, a decline of about 54.1%[14] - Other receivables increased from CNY 39,906,236.30 to CNY 41,763,101.69, reflecting an increase of approximately 4.6%[14] Strategic Plans - The company plans to continue its strategy of transitioning from self-operated to franchised campuses, impacting revenue and cost structures[9]