QTEDU(SZ:300359)2023-04-27 16:00Financial Performance - The company's revenue for Q1 2023 was ¥104,562,512.46, representing a slight increase of 0.55% compared to ¥103,995,268.65 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥3,378,649.10, a decline of 236.47% from a profit of ¥2,475,696.68 in the previous year[4] - Total operating revenue for the current period was ¥104,562,512.46, an increase of 1.5% from ¥103,995,268.65 in the previous period[17] - Operating profit turned negative at -¥2,599,357.56 compared to a profit of ¥3,398,720.55 in the previous period[17] - Net profit for the current period was -¥2,564,928.89, a significant decline from a profit of ¥1,656,151.02 in the previous period[18] - The weighted average return on equity was -0.42%, down from 0.32% in the same period last year, indicating a decline in profitability[4] - The company’s basic earnings per share for the current period was -¥0.01, down from ¥0.00 in the previous period[18] Cash Flow and Investments - The net cash flow from operating activities was -¥52,552,074.02, showing an improvement of 7.64% compared to -¥56,897,573.04 in the same period last year[4] - Cash flow from operating activities showed a net outflow of -¥52,552,074.02, slightly improved from -¥56,897,573.04 in the previous period[21] - The net cash flow from investing activities was -¥23,925,675.89, a 202.30% increase compared to -¥7,914,593.87 in the previous year, mainly due to higher investments in financial products[8] - The company reported a net cash outflow from investing activities of -¥23,925,675.89, worsening from -¥7,914,593.87 in the previous period[21] - The company incurred a net cash outflow from financing activities of -¥37,574,773.42, compared to -¥4,892,790.69 in the previous period[22] Assets and Liabilities - Total assets decreased by 8.86% to ¥1,063,445,001.56 from ¥1,166,850,273.30 at the end of the previous year[4] - As of March 31, 2023, the total assets of the company amounted to CNY 1,063,445,001.56, a decrease from CNY 1,166,850,273.30 at the beginning of the year, reflecting a decline of approximately 8.87%[14] - The company's current assets totaled CNY 858,216,658.72, down from CNY 953,131,675.02, indicating a decrease of about 9.95%[14] - The cash and cash equivalents decreased to CNY 408,237,995.99 from CNY 524,947,970.64, representing a decline of approximately 22.2%[14] - The total liabilities decreased to CNY 260,908,403.18 from CNY 360,187,078.10, showing a reduction of about 27.5%[15] - The company's total equity stood at CNY 802,536,598.38, slightly down from CNY 806,663,195.20, reflecting a decrease of approximately 0.4%[15] - Short-term borrowings were reduced to CNY 10,010,388.89 from CNY 40,010,388.89, a significant decrease of 75%[15] - Accounts payable decreased to CNY 70,150,748.47 from CNY 92,186,761.05, indicating a reduction of about 24%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 49,462, indicating a stable shareholder base[10] Other Notable Information - The company reported a significant increase of 159.17% in trading financial assets, totaling ¥101,933,166.49, primarily due to increased investments in financial products[7] - The company experienced a 290.37% increase in credit impairment losses, amounting to -¥1,922,062.69, attributed to aging accounts receivable[8] - The company received government subsidies amounting to ¥763,105.56, contributing positively to its financial performance[5] - The company has acknowledged prior accounting errors and has made corrections to the financial statements for the year 2021[12] - The company is actively pursuing strategies for market expansion and new product development, although specific details were not disclosed in the report[12] - The company did not report any new product launches or significant market expansion strategies during this period[18]