全通教育(300359) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue increased by 20.05% to CNY 198,748,957.93 year-on-year, while year-to-date revenue decreased by 3.50% to CNY 446,778,178.24[7] - Net profit attributable to shareholders increased by 42.23% to CNY 8,068,958.11 for the current period, but year-to-date net profit showed a significant decline of 392.28% to CNY -17,393,791.72[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 243.77% to CNY 8,572,294.54, while year-to-date it decreased by 276.34% to CNY -25,861,700.91[7] - Total operating revenue for the current period reached ¥198,748,957.93, an increase of 19.99% compared to ¥165,558,818.50 in the previous period[53] - Total operating costs amounted to ¥187,727,793.49, up 18.88% from ¥157,946,650.29 in the prior period[53] - Operating profit for the current period was ¥17,562,495.54, significantly higher than ¥1,007,964.50 in the previous period[54] - Net profit for the current period was ¥16,949,354.30, compared to ¥9,930,837.47 in the same period last year, reflecting a growth of 70.56%[54] - The company achieved a significant turnaround in net profit from a loss of ¥2,829,204.26 in the previous period to a profit of ¥65,232,612.78 in the current period[59] - The total comprehensive income for the current period was ¥65,232,612.78, compared to a loss of ¥2,829,204.26 in the previous period[59] Cash Flow - The company reported a net cash flow from operating activities of CNY -45,322,112.50, reflecting a decline of 232.64% year-to-date[7] - Cash inflow from operating activities totaled CNY 616,549,347.41, slightly down from CNY 621,288,771.66 in the previous period, indicating a decrease of approximately 1.2%[70] - Net cash outflow from operating activities was CNY -45,322,112.50, compared to CNY -13,624,795.51 in the prior period, reflecting a worsening of 233.5%[71] - Cash inflow from investment activities was CNY 101,728,567.46, down from CNY 184,882,611.44, representing a decline of about 45%[71] - Cash inflow from financing activities was CNY 87,171,615.00, down from CNY 186,204,910.57, a decrease of approximately 53%[71] - The ending cash and cash equivalents balance was CNY 254,958,747.86, up from CNY 209,276,770.76, marking an increase of 21.8%[71] Assets and Liabilities - Total assets decreased by 7.24% to CNY 1,999,042,504.02 compared to the end of the previous year[7] - Total liabilities decreased from CNY 740,107,901.13 to CNY 618,409,275.01, a reduction of about 16.4%[50] - The company's total equity decreased from CNY 1,481,779,412.01 to CNY 1,441,518,880.02, a decline of about 2.71%[46] - Current liabilities decreased from CNY 564,494,870.03 to CNY 476,898,470.90, a reduction of about 15.5%[45] - Non-current liabilities decreased from CNY 108,796,530.13 to CNY 80,625,153.10, a decrease of approximately 26%[45] - The total current liabilities represent about 26.2% of total assets, suggesting a healthy liquidity position[80] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 48,917[11] - The largest shareholder, Chen Zhichang, held 24.02% of the shares, amounting to 152,344,903 shares, with 114,258,677 shares pledged[11] - The company did not engage in any repurchase transactions during the reporting period[12] - The company’s major shareholders have engaged in share pledges, with one shareholder pledging 44.39 million shares, accounting for 7% of the total share capital[34] Other Financial Metrics - The basic earnings per share remained at CNY 0.01, unchanged from the previous year, while diluted earnings per share also stayed at CNY 0.01[7] - The weighted average return on net assets was 0.60%, a decrease of 1.30% compared to the previous year[7] - Research and development expenses decreased to ¥6,371,801.09 from ¥9,445,111.08, indicating a reduction of 32.5%[53] - The company reported a total profit of ¥17,308,188.78, compared to ¥13,367,151.49 in the previous period, marking an increase of 29.03%[54] - The company experienced a credit impairment loss of ¥22,119,243.33, compared to ¥9,220,131.00 in the previous period, indicating increased financial strain[62] Strategic Developments - The company is planning to acquire 96% of Hangzhou Bajiu Ling Cultural Creative Co., Ltd. through a share issuance, with stock trading suspended since March 18, 2019[25] - The company decided to terminate the major asset restructuring plan due to failure to reach consensus on transaction pricing and performance commitments, as influenced by macroeconomic conditions and market fluctuations[27] - The company completed the registration of restricted stock and stock options under its incentive plan in July 2019, with the restricted stock listing date set for July 16, 2019[30] - The company won a bid for a government enterprise ICT service project worth approximately ¥31.69 million in July 2019[31]