开元教育(300338) - 2023 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2023 was ¥77,916,141.42, a decrease of 50.83% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥28,075,127.51, representing a decline of 120.62% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥29,427,611.25, a decrease of 155.16% compared to the previous year[5]. - The company reported a 36.96% decline in cumulative revenue for the first nine months of 2023, totaling ¥292,610,996.81 compared to ¥464,178,602.06 in the same period last year[8]. - Net loss for the quarter was CNY 33.22 million, compared to a net profit of CNY 67.36 million in the same quarter last year[22]. - Basic and diluted earnings per share were both CNY -0.0831, a significant decline from CNY 0.1985 in the previous year[23]. Cash Flow - The company's cash flow from operating activities showed a net outflow of -¥99,962,000.14, a significant decline of 307.07%[5]. - Cash flow from operating activities showed a net outflow of CNY 99.96 million, worsening from a net outflow of CNY 24.56 million in the same period last year[24]. - Cash inflow from operating activities totaled CNY 247.12 million, down from CNY 411.31 million year-over-year[24]. - The company reported a net decrease in cash and cash equivalents of -¥7,993,798.81, reflecting a 504.24% decrease in cash inflow from operating activities[9]. - The total cash and cash equivalents at the end of the period were $9,655,095.75, down from $27,730,956.46 in the previous year[25]. Assets and Liabilities - The total assets at the end of Q3 2023 were ¥781,314,404.01, down 9.55% from the end of the previous year[5]. - The company's long-term equity investments decreased by 75.33% to ¥16,721,953.31, mainly due to the disposal of certain investment shares[8]. - The total liabilities decreased to CNY 667,742,176.02 from CNY 781,330,321.09, indicating a reduction of about 14.5%[19]. - The company's short-term borrowings decreased to CNY 30,053,424.66 from CNY 42,573,176.57, a decline of approximately 29.5%[19]. - The company completed the registration change and capital increase for its wholly-owned subsidiary, indicating ongoing strategic adjustments[15]. Operating Costs and Expenses - Operating costs decreased by 50.74% to ¥98,034,785.63 due to the transition from self-operated campuses to a franchise model[9]. - Sales expenses dropped by 65.86% to ¥50,309,237.34, primarily due to reduced personnel and promotional costs following the franchise transition[9]. - R&D investment decreased by 34.40% to ¥19,878,946.94, attributed to a reduction in R&D personnel and outsourced projects[9]. - Research and development expenses were CNY 19.88 million, a decrease of 34% compared to CNY 30.31 million in the previous year[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,537[11]. - The largest shareholder, Jiang Yong, holds 5.05% of shares, amounting to 20,335,637 shares, with a significant portion pledged[11]. Financial Adjustments and Standards - The company has approved several proposals related to financial assistance and capital changes, reflecting proactive management in response to market conditions[15]. - The company did not undergo an audit for the third quarter report[26]. - The company has adopted new accounting standards starting in 2023, affecting the financial statements[26].