OFFCN EDU(SZ:002607)2024-06-04 10:28Group 1: Company Overview - The company has faced significant market rumors since 2021, but management is actively addressing challenges to restore operational stability [1] - In Q1 2024, the company reported an operating revenue of CNY 763 million, with a net profit attributable to the parent company of CNY 82 million, representing a 240% year-on-year increase [1] - Cash flow from operating activities was CNY 145 million, a recovery from a negative CNY 494 million in the same period last year [1] Group 2: Operational Improvements - The company is experiencing steady improvement in operations, as indicated by the performance in April and May 2024 [2] - The company maintains a leading position in research, teaching, and service within the industry [2] - Internal and external operating environments have not undergone significant changes, and there are no undisclosed major information affecting stock volatility [2] Group 3: Regulatory Environment - The government continues to support vocational education development, with no new policy adjustments reported [2] - The company’s financial metrics, including revenue scale and profit improvement, have not triggered any regulatory warnings or risks [2] Group 4: Incentive Plans and Shareholder Concerns - The company decided to terminate its equity incentive plan due to market fluctuations affecting stock prices, which hindered the plan's effectiveness [2] - The company plans to introduce a new incentive scheme aligned with long-term stable development goals [2] - The current stock pledge situation of the controlling shareholder is deemed safe and controllable, with no risks reported [2] Group 5: Cash Flow Management - The company is working to restore and expand credit financing limits and strengthen cooperation with banks to meet operational funding needs [3] - Efforts are being made to reduce financing costs and enhance corporate credit [3]