开元教育(300338) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥37,932,332.39, a decrease of 64.65% compared to ¥107,307,768.63 in the same period last year[5] - The net loss attributable to shareholders was ¥6,894,717.75, representing a decline of 259.76% from a profit of ¥4,315,645.18 in the previous year[5] - Basic and diluted earnings per share were both -¥0.02, down 278.57% from ¥0.0112 in the same quarter last year[5] - The net cash flow from operating activities improved to ¥9,422,662.31, a significant increase of 123.78% compared to a negative cash flow of ¥39,622,283.25 in Q1 2023[5] - The net loss for the current period is ¥7,244,510.15, compared to a net profit of ¥4,085,844.24 in the previous period, indicating a significant decline in profitability[22] - The company's total comprehensive income for the current period is -¥7,244,510.15, compared to ¥4,085,844.24 in the previous period[22] - The total profit margin for the current period is -19.1%, reflecting the challenges faced in maintaining profitability[22] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥508,827,111.98, a decrease of 2.91% from ¥524,092,419.81 at the end of the previous year[5] - The company's current assets increased to ¥269,263,282.78 from ¥224,871,999.35, reflecting a growth of approximately 19.7%[18] - The total liabilities decreased to ¥626,930,628.68 from ¥637,852,026.31, indicating a reduction of about 1.9%[19] - The total equity attributable to the parent company showed a slight decline to -¥119,370,982.90 from -¥114,716,265.10[20] - The total liabilities to total assets ratio stands at approximately 123.2%, indicating a high leverage situation[19] Cash Flow - The net cash flow from investment activities decreased by 92.91% to ¥3,153,864.07, primarily due to no recovery of investment funds during the reporting period[10] - The net cash flow from financing activities increased significantly by 831.57% to ¥13,713,865.02, mainly due to the receipt of financing funds[10] - Cash flow from operating activities shows a net inflow of ¥9,422,662.31, a recovery from a net outflow of ¥39,622,283.25 in the previous period[24] - The company reported an investment activity net cash inflow of ¥3,153,864.07, down from ¥44,455,939.51 in the previous period[24] - In Q1 2024, the net cash flow from financing activities was approximately ¥13.71 million, a significant increase from a net outflow of ¥1.87 million in Q1 2023, indicating improved financing conditions[25] Shareholder Information - The total number of common shareholders at the end of the reporting period was 18,392, with no preferred shareholders having restored voting rights[10] - The top 10 shareholders held a combined 20.54% of the company's shares, with Jiang Yong being the largest shareholder at 5.05%[10] - The total number of restricted shares at the end of the period was 8,189,264, with 200,000 shares released from restriction during the period[12] Management and Governance - The company held a board meeting on January 16, 2024, to approve various governance matters, including the nomination of candidates for the new board of directors[13] - On February 1, 2024, the company held another board meeting to elect the chairman and appoint key executives, including the general manager and financial director[14] Operational Costs and Expenses - The company’s management expenses decreased by 43.89% to ¥20,992,939.39, reflecting reduced operational costs[9] - The company incurred research and development expenses of ¥4,612,494.89, a decrease of 25.6% from ¥6,201,972.69 in the previous period[21] - Total operating costs for the current period amount to ¥63,244,159.63, down 34.8% from ¥96,992,683.26 in the previous period[21] Accounting and Reporting - The company has not yet adopted the new accounting standards as of the beginning of 2024, which may impact future financial reporting[26] - The Q1 2024 report has not been audited, which may affect the reliability of the financial data presented[26]