QTEDU(300359)2023-10-26 16:00Financial Performance - The company's revenue for Q3 2023 was ¥120,173,782, representing a decrease of 28.64% compared to ¥168,404,968 in the same period last year[6]. - The net profit attributable to shareholders for Q3 2023 was ¥6,431,978.21, a decline of 109.85% from ¥65,294,967.6 in the previous year[6]. - The basic earnings per share for Q3 2023 was -¥0.01, down 110.00% from ¥0.10 in the same period last year[6]. - The total operating revenue for Q3 2023 was CNY 412,462,199.86, a slight decrease from CNY 413,358,985.01 in Q3 2022, representing a decline of approximately 0.22%[20]. - Net profit for Q3 2023 was CNY 8,495,216.58, a significant decrease from CNY 77,565,298.89 in the same period last year, reflecting a decline of approximately 89%[21]. - The total comprehensive income for the third quarter of 2023 was CNY 8,495,216.58, a decrease from CNY 78,359,188.89 in the same period last year[22]. Cash Flow - The net cash flow from operating activities decreased by 82.07% to ¥108,279,485 from ¥59,471,748 in the previous year[6]. - Operating cash flow for the period was negative RMB 108,279,485.88, a decrease of 82.07% attributed to reduced cash received from sales of goods and services[12]. - The net cash flow from investing activities was negative CNY 1,084,779.22, a significant decline from positive CNY 25,564,476.49 in the same period last year[25]. - Cash inflows from operating activities totaled CNY 371,516,345.12, down from CNY 461,996,968.83 year-over-year[25]. - The company’s cash and cash equivalents decreased to RMB 370,100,922.03 from RMB 524,947,970.64 at the beginning of the year[17]. - The total cash and cash equivalents at the end of the period were CNY 360,153,162.39, compared to CNY 339,895,214.29 at the end of the previous year[25]. Assets and Liabilities - Total assets at the end of Q3 2023 were ¥1,094,117,854.14, a decrease of 6.58% from ¥1,166,850,273.30 at the end of the previous year[6]. - The company's total assets decreased to CNY 1,094,117,854.14 from CNY 1,171,197,383.94, indicating a reduction of about 6.58%[19]. - Total liabilities decreased to CNY 286,653,995.96 from CNY 364,460,646.80, a decline of approximately 21.4%[19]. - The company reported a significant increase in accounts payable, which rose to CNY 98,911,348.61 from CNY 92,186,761.05, an increase of approximately 7.9%[19]. Accounts Receivable and Inventory - The company's accounts receivable increased by 31.37% to ¥302,522,148.78, primarily due to growth in continuing education business[11]. - Accounts receivable increased to CNY 302,522,148.78 from CNY 230,275,065.97, representing an increase of about 31.3%[19]. - Inventory rose by 126.77% to ¥25,073,399.91, mainly due to hardware purchases for projects like Shenzhen Foreign Language School[11]. - Inventory rose to CNY 25,073,399.91 from CNY 11,056,591.33, indicating an increase of approximately 126.7%[19]. Expenses and Income - Financial expenses for Q3 2023 were -¥3,301,564.65, a decrease of 269.01% compared to the previous year's expenses of ¥1,953,415.60[11]. - The income tax expense for the period was RMB 6,325,498.21, a decrease of 76.82% due to a reduction in total profit[12]. - The company reported a significant increase in other income, totaling RMB 655,053.23, which is a 1336.90% increase primarily due to received penalties[12]. - Research and development expenses decreased to CNY 17,634,467.41 from CNY 24,655,695.43, a decline of about 28.5%[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 46,748[14]. - The largest shareholder, Nanchang Economic and Technological Development Zone Zhongwen Xushun Enterprise Management Partnership, holds 17.88% of the shares, totaling 113,259,417 shares[15]. Other Financial Metrics - The company executed a new accounting standard starting January 1, 2023, which resulted in an increase in deferred tax assets by CNY 4,347,110.64[27]. - The company did not report any net profit from the merged entity prior to the merger in the current period[22].