[一季报]中公教育(002607):2023年第一季度报告（英文）
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时间：2023年04月28日 22:17:43 中财网 |
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原标题:中公教育:2023年第一季度报告（英文）
Stock Code: 002607 Stock Abbr.: OFFCN EDU Announcement No.: 2023-043
OFFCN EDUCATION TECHNOLOGY CO., LTD.
First Quarter 2023 Report
The Company and the Company’s Board of Directors hereby guarantee that the contents of this quarterly report are true,
accurate, and complete, and that there are no misrepresentations, misleading statements, or material omissions.
The Company’s First Quarter 2022 Report is prepared and published in Chinese version, and the English version is for
reference only. Should there be any inconsistency between the Chinese version and English version, the Chinese version shall
prevail.
Important notes:
1. The Company’s Board of Directors, Supervisory Committee, directors, supervisors, and senior management
hereby guarantee that the contents of this quarterly report are true, accurate, and complete, and there are no
misrepresentations, misleading statements, or material omissions, and shall assume individual and joint legal
liabilities.
2. The Company’s legal representative, the head in charge of accounting and the head of the accounting department
(Accounting supervisor), hereby declare that the financial report in this quarterly report is authentic, accurate and
complete.
3. Whether this first quarter report is audited
□ Yes √ No
Section I. Key financial data
1. Key accounting information and financial indicators
Does the Company need to adjust its financial information retrospectively or restate its accounting information of
previous year?
□ Yes √ No
| | Current reporting period | Same period of the
previous year | Increase/ Decrease in the
current reporting period
over the same period of
the previous year | | Operating income (RMB yuan) | 888,585,683.99 | 1,212,740,311.93 | -26.73% | | Net profit attributable to shareholders
of the listed Company (RMB yuan) | 24,302,776.67 | -463,824,594.93 | 105.24% | | Net profit after deducting non-recurring
profits and losses attributable to shareholders
of the listed Company (RMB yuan) | 22,883,471.70 | -469,727,159.08 | 104.87% | | Net cash flow from operating
activities (RMB yuan) | -494,146,308.74 | 598,889,061.73 | -182.51% | | Basic earnings per share (RMB yuan/share) | 0 | -0.08 | 100.00% | | Diluted earnings per share
(RMB yuan/ share) | 0 | -0.08 | 100.00% | | Weighted average return on net assets | 3.07% | -27.99% | 31.06% | | | End of the current
reporting period | End of the previous year | Increase/ Decrease at the
end of this reporting
period over the end of the
previous year（%） | | Total assets (RMB yuan) | 8,417,639,954.21 | 8,027,414,353.26 | 4.86% | | Owner's equity attributable to shareholders of
the listed Company (RMB yuan) | 804,236,712.44 | 779,933,935.77 | 3.12% |
2. Items and amount of non-recurring profits and losses
√ Applicable □ Not applicable
Unit: RMB yuan
| Item | Amount of current
reporting period | Note | | Disposal gains or losses of non-current assets (including the
offset part of the provision for asset impairment) | 234,300.00 | | | Government subsidies included in the current gains and losses
(closely related to the normal business of the enterprise, except
for government subsidies enjoyed fixedly, quantitatively and
continuously in accordance with national policies and certain
standards) | 1,484,718.51 | | | Gains or losses from entrusting others to invest or manage
assets | 2,089.14 | | | Other non-operating income and expenses except for the items
above | -43,636.53 | | | Less: Impact on income tax | 258,166.15 | | | Total | 1,419,304.97 | -- |
Other profit or loss items that meet the definition of non-recurring profits and losses □ Applicable √ Not applicable
The Company does not have other profit or loss items that meet the definition of non-recurring profits and losses.
Explanations for the Company’s classifying items of non-recurring profits or losses listed in the Explanatory
Announcement No. 1 for Public Company Information Disclosures – Non-recurring Profits and Losses as items of
recurring profits or losses.
□ Applicable √ Not applicable
The Company does not classify any non-recurring profits and losses items that are listed in the Explanatory
Announcement No. 1 for Public Company Information Disclosures – Non-recurring Profits and Losses as items of
recurring profits and losses.
3. Cases and reasons for fluctuation of key accounting information and financial indicators √ Applicable □ Not Applicable
| Item of balance sheet | Amount at the end of
the reporting period
(RMB yuan) | Amount at the
beginning of the
reporting period
(RMB yuan) | Growth | Note | | Monetary funds | 808,951,270.81 | 385,328,555.74 | 109.94% | Mainly due to the increase in loans from
shareholders in the current period. | | Other current assets | 2,551,033.31 | 4,559,823.18 | -44.05% | Mainly due to the amortization of the
prepaid expenses. | | Payroll payable | 322,270,742.31 | 609,823,739.07 | -47.15% | Mainly due to the payment of unpaid
payroll payable and the payment for the
delayed fee of social security and housing
fund. | | Tax payable | 22,675,539.38 | 9,593,498.07 | 136.36% | Mainly due to the accrual of value-added
tax, additional tax and corporate income
tax in Q1 2023. | | Other payables | 2,095,716,952.52 | 1,096,787,345.65 | 91.08% | Mainly due to the increase in loans from
shareholders in the current period. As of
March 31, 2023, the Company's
controlling shareholders have loaned RMB
1.956 billion yuan to the Company. | | Item of income
statement | Amount of current
period (RMB yuan) | Amount of previous
period (RMB yuan) | Growth | Note | | Operating cost | 420,845,859.36 | 749,351,241.84 | -43.84% | Mainly due to the control of operating
costs, optimization of personnel and
reduction of labor expenses through
measures, like overall adjustment of
product structure, cost reduction and
efficiency increase, and integration of
online and offline classes. | | Sales expense | 189,043,171.59 | 396,015,900.26 | -52.26% | online and offline classes.
Mainly due to the cost reduction and
efficiency increase, which helped reduce
its market operating expenses, optimize
sales personnel, and reduce labor expenses |
accordingly.
| Management expenses | 142,879,884.86 | 320,087,116.49 | -55.36% | Mainly due to the cost reduction and
efficiency increase, which helped reduce
its operating and management expenses,
optimize management personnel, and | | R&D expenses | 79,505,142.80 | 226,404,752.90 | -64.88% | reduce labor expenses accordingly.
Mainly due to the cost reduction and
efficiency increase, which helped reduce
its R&D expenses, optimize R&D
personnel, and reduce labor expenses
accordingly. | | Financial expenses | 25,281,276.97 | 69,571,481.28 | -63.66% | Mainly due to the absence of bank loan
interest and the decrease in service fees of
financial institutions in the current period. | | Other income | 5,263,604.56 | 8,268,197.61 | -36.34% | Mainly due to the decrease in government
subsidies in the current period. | | Investment income | 2,089.14 | 2,755,592.22 | -99.92% | Mainly due to the decrease in redemption
of wealth management products. | | Expected credit loss | -245,000.01 | -1,005,625.25 | 75.64% | Mainly due to the decrease in provision for
bad debts in the current period. | | Income tax expenses | 4,059,499.89 | -81,122,491.94 | 105.00% | Mainly due to the realization of profit in
the current period and the accrual of
corporate income tax. | | Item of cash flow
statement | Amount of current
period (RMB yuan) | Amount of previous
period (RMB yuan) | Growth | Note | | Cash received from
sales of goods and
rendering of services | 541,106,481.37 | 2,249,268,010.73 | -75.94% | Mainly due to the adjustment of product
structure, and the transformation of
payment collection with sharply decreased
proportion of high-refund classes and
increased proportion of cash-paid classes. | | Cash for purchasing
goods and accepting
labor services | 125,815,201.46 | 210,528,840.27 | -40.24% | Mainly due to the well control of cost and
the decrease of class opening expenses and
travel expenses through measures like the
adjustment of product structure and
internal optimization to reduce costs and | | Cash paid to and for
employees | 776,831,838.60 | 1,224,818,887.78 | -36.58% | increase efficiency.
Mainly due to the decrease in salary
payment because of the decline in the
number of employees of the Company. | | Payment of other cash
related to operating
activities | 135,193,624.56 | 211,762,694.36 | -36.16% | Mainly due to the remarkable results of
cost reduction and efficiency increase so
that marketing expenses, and cost in
company operation, management and other | | Cash received from
recovery of
investments | 20,000,000.00 | 344,776,858.87 | -94.20% | areas decreased.
Mainly due to the decrease in short-term
wealth management purchases and the
corresponding decrease in wealth
management redemption in the current
period. | | Cash received from
investment income | 2,089.14 | 2,764,585.77 | -99.92% | Mainly due to the decrease in wealth
management purchases in the current
period and the corresponding decrease in
wealth management income. | | Cash paid for the
purchase and
construction of fixed
assets, intangible | 921,010.84 | 8,768,861.04 | -89.50% | Mainly due to the Company's internal
optimization and cost control mechanism
and the decrease in investment in fixed
assets. | | assets and other
lCoangsh- tpaermid afossr ets
investments | 20,500,000.00 | 116,700,000.00 | -82.43% | Mainly due to the decrease in the purchase
of short-term wealth management products
in the current period. | | Cash paid for debt
repayment | | 1,500,000,000.00 | -100.00% | The main reason is that the Company's
loans from financial institutions had no
balance at the beginning of the period, and
there were no new additions in the current | | Cash paid for
dividends, profits or
interest payments | | 26,787,416.64 | -100.00% | period.
The reason is the same as above. | | Other cash paid related
to financing activities | 77,812,054.49 | 134,755,697.06 | -42.26% | Mainly due to the decrease in housing
rental fees paid in the current period. |
Section II. Information of shareholders
1. Table on the total number of common shareholders, preferred shareholders with restored voting rights
and shares held by the top 10 shareholders
Unit: share (s)
| Total number of common
shareholders at the end of the
reporting period | 206,003 | Total number of preferred
shareholders with restored
voting rights at the end of
the reporting period (if any) | 0 | | | | | Particulars about shares held by the top 10 shareholders | | | | | | | | Name of
shareholder | Nature of
shareholder | Shareholding
percentage(%
) | Number of
shares held | Number of
shares held
with sales
restrictions | Pledged, marked or frozen | | | | | | | | Status of
shares | Number of
shares | | Li Yongxin | Domestic natural
person | 15.31% | 944,407,232.00 | 729,458,502.
00 | Pledged | 437,323,282.00 | | Wang
Zhendong | Domestic natural
person | 9.30% | 573,799,534.00 | 570,581,563.
00 | Pledged | 382,850,000.00 | | Hunan Chasing
Fund
Management
Co., Ltd.—
Hunan Chasing
Changqin No.1
Fund
Partnership
(Limited
Partnership) | Other | 5.51% | 339,820,822.00 | 0.00 | | | | Shaanxi
International
Trust Co., | Other | 5.10% | 314,537,300.00 | 0.00 | | | | Ltd.—SIT
Yunqi No. 1
Securities
Investment
Collective
Fund Trust
Plan | | | | | | | | Shanghai
Tuopai Private
Funds
Management
Co., Ltd.—
Tuopai
Xingfeng No. 9
Private
Security
Investment
Fund | Other | 5.00% | 308,369,970.00 | 0.00 | | | | Guangzhou
Kangqi Asset
Management
Center
(Limited
Partnership)—
Kangqi Asset
Chuxin No.1
Private
Security
Investment
Fund | Other | 4.95% | 305,369,970.00 | 0.00 | | | | Lu Zhongfang | Domestic natural
person | 3.78% | 233,270,398.00 | 0.00 | Pledged | 98,500,000.00 | | Hong Kong
Securities
Clearing Co.,
Ltd. | Overseas legal
person | 1.62% | 99,773,902.00 | 0.00 | | | | Zhou Xiayun | Domestic natural
person | 0.90% | 55,736,327.00 | 0.00 | | | | Beijing Kerui
Technology
Innovation
Investment
Center
(Limited
Partnership) | Domestic
non-state-owned
legal person | 0.89% | 54,887,323.00 | 0.00 | | | | Particulars about shares held by the top 10 shareholders without sales restrictions | | | | | | | | Name of shareholders | Number of shares without sales restrictions held | Type of shares | | | | | | | | Type of shares | Number of
shares | | | | | Hunan Chasing Fund Management
Co., Ltd.— Hunan Chasing
Changqin No.1 Fund Partnership
(Limited Partnership) | 339,820,822.00 | RMB ordinary
shares | 339,820,822.00 | | | | | Shaanxi International Trust Co., | 314,537,300.00 | RMB ordinary | 314,537,300.00 | | | |
| Ltd.—SIT Yunqi No. 1 Securities
Investment Collective Fund Trust
Plan | | shares | | | Shanghai Tuopai Private Funds
Management Co., Ltd.— Tuopai
Xingfeng No. 9 Private Security
Investment Fund | 308,369,970.00 | RMB ordinary
shares | 308,369,970.00 | | Guangzhou Kangqi Asset
Management Center (Limited
Partnership)—Kangqi Asset Chuxin
No.1 Private Security Investment
Fund | 305,369,970.00 | RMB ordinary
shares | 305,369,970.00 | | Lu Zhongfang | 233,270,398.00 | RMB ordinary
shares | 233,270,398.00 | | Li Yongxin | 214,948,730.00 | RMB ordinary
shares | 214,948,730.00 | | Hong Kong Securities Clearing Co.,
Ltd. | 99,773,902.00 | RMB ordinary
shares | 99,773,902.00 | | Zhou Xiayun | 55,736,327.00 | RMB ordinary
shares | 55,736,327.00 | | Beijing Kerui Technology
Innovation Investment Center
(Limited Partnership) | 54,887,323.00 | RMB ordinary
shares | 54,887,323.00 | | Huarun SDK Trust Co., Ltd. —CR
Trust Shenzhi Assets Xingzhi
Collective Fund Trust Plan | 52,854,200.00 | RMB ordinary
shares | 52,854,200.00 | | Description of the relationship or
concerted action among the above
mentioned shareholders | The Company’s controlling shareholder and actual controller Lu Zhongfang and Li
Yongxin are in a mother-son relationship. Lu Zhongfang, Li Yongxin, and Beijing Offcn
Future Information Consulting Center (Limited Partnership) are acting in concert. Zhou
Xiayun and Zhou Hui have a father-son relationship. Zhou Xiayun and Zhou Li have a
father-daughter relationship. It is unknown whether there is an associated relationship
among the above-mentioned other shareholders, nor whether the above-mentioned
shareholders belong to the parties acting in concert as stipulated in the Administrative
Measures on Information Disclosure of Shareholding Changes in Listed Companies. | | | | Description of the top 10
shareholders participating in the
margin trading or short selling
business (if any) | The Company's shareholder Guangzhou Kangqi Asset Management Center (Limited
Partnership)_— Kangqi Asset Chuxin No.1 Private Security Investment Fund holds
305,369,970.00 shares. The company loaned shares of Offcn Edu to the securities
company on February 24, 2023. The accumulated number of shares loaned was 3 million
shares during the period. But the ownership of this part of shares has not actually been
transferred, and there has been no actual increase or decrease in holdings. The actual total
number of shares held by the company is 308,369,970 shares. | | |
2. Table on the total number of preferred shareholders and shares held by the top 10 preferred shareholders
□ Applicable √ Not Applicable
Section III. Other significant events
□ Applicable √ Not applicable
Section IV. Quarterly financial statements
1. Financial statements
(1) Consolidated balance sheet
Company: Offcn Education Technology Co., Ltd.
March 31, 2023
Unit: RMB yuan
| Item | Closing balance | Beginning Balance | | Current assets: | | | | Monetary funds | 808,951,270.81 | 385,328,555.74 | | Settlement reserve | | | | Lendings | | | | Transactional financial assets | 500,000.00 | | | Derivative financial assets | | | | Notes receivable | | | | Accounts receivable | 38,193,525.26 | 37,323,682.88 | | Receivables financing | | | | Prepayments | 483,270.00 | 556,093.00 | | Premium receivables | | | | Accounts receivable reinsurance | | | | Reserve for reinsurance receivable contracts | | | | Other receivables | 201,611,257.58 | 193,617,379.76 | | Inc: Interest receivables | | | | Dividend receivables | | | | Buying back the sale of financial assets | | | | Inventories | | | | Contract assets | | | | Assets held-for-sale | | | | Non-current assets due within
one year | | | | Other current assets | 2,551,033.31 | 4,559,823.18 | | Total current assets | 1,052,290,356.96 | 621,385,534.56 | | Non-current assets | | | | Loans and advances | | | | Debt investments | | | | Other debt investments | | | | Long-term receivables | | | | Long-term equity investments | 46,835,952.63 | 46,835,952.63 | | Other equity investments | 121,300,000.00 | 121,300,000.00 | | Other non-current financial assets | 27,680,000.00 | 27,680,000.00 | | Investment properties | 447,068.40 | 450,260.54 | | Fixed assets | 1,943,154,880.10 | 1,970,536,339.75 | | Construction in progress | 325,065,597.12 | 323,273,645.99 | | Productive biological assets | | | | Oil and gas assets | | | | Right-of-use assets | 1,133,566,052.59 | 1,112,202,447.58 | | Intangible assetss | 1,152,714,585.84 | 1,162,266,659.34 | | Development expenditure | | | | Goodwill | 99,867,720.38 | 99,867,720.38 | | Long-term prepaid expenses | 262,847,622.31 | 285,134,318.63 | | Deferred tax assets | 597,669,088.39 | 602,280,444.37 | | Other non-current assets | 1,654,201,029.49 | 1,654,201,029.49 | | Total Non-current Assets | 7,365,349,597.25 | 7,406,028,818.70 | | Total Assets | 8,417,639,954.21 | 8,027,414,353.26 | | Current liabilities | | | | Short-term loans | | | | Borrowings from central bank | | | | Borrowings from banks and other financial institutions | | | | Transactional financial liabilities | | | | Derivative financial liabilities | | | | Notes payable | | | | Accounts payable | 280,605,911.91 | 287,088,393.76 | | Deposit received | | | | Contract liabilities | 3,591,241,635.75 | 3,949,800,719.05 | | Financial assets sold for repurchase | | | | Absorbing deposits and interbank deposits | | | | Acting trading securities | | | | Acting underwriting securities | | | | Payroll payable | 322,270,742.31 | 609,823,739.07 | | Taxes payable | 22,675,539.38 | 9,593,498.07 | | Other payable | 2,095,716,952.52 | 1,096,787,345.65 | | Inc: Interest payable | | | | Dividend payables | | | | Fees and commissions payable | | | | Reinsurance accounts payable | | | | Liabilities held-for-sale | | | | Non-current liabilities due within one year | 548,561,255.14 | 578,821,921.03 | | Other current liabilities | 107,737,249.07 | 118,494,021.57 | | Total Current Liabilities | 6,968,809,286.08 | 6,650,409,638.20 | | Non-current Liabilities: | | | | Insurance contract reserve | | | | Long-term loans | | | | Bonds payable | | | | Inc: Preferred share | | | | Perpetual bond | | | | Lease liabilities | 556,908,058.58 | 508,752,253.77 | | Long-term payables | | | | Long-term salary payable | | | | Estimated liabilities | | | | Deferred income | | | | Deferred tax liabilities | 87,727,532.34 | 88,360,124.03 | | Other non-current liabilities | | | | Total non-current liabilities | 644,635,590.92 | 597,112,377.80 | | Total liabilities | 7,613,444,877.00 | 7,247,522,016.00 | | Owners' equity: | | | | Share capital | 103,807,623.00 | 103,807,623.00 | | Other equity instrument | | | | Inc: Preferred shares | | | | Perpetual bond | | | | Capital reserve | 1,225,481,049.50 | 1,225,481,049.50 | | Less: Treasury stock | | | | Other comprehensive income | 6,375,000.00 | 6,375,000.00 | | Special reserves | | | | Surplus reserves | 45,000,000.00 | 45,000,000.00 | | General risk preparation | | | | Undistributed profits | -576,426,960.06 | -600,729,736.73 | | Total owners' equity attributable to the parent company | 804,236,712.44 | 779,933,935.77 | | Minority shareholders' equity | -41,635.23 | -41,598.51 | | Total owners’ equity | 804,195,077.21 | 779,892,337.26 | | Liabilities and owner's equity | 8,417,639,954.21 | 8,027,414,353.26 |
Legal representative: Wang Zhendong Person in charge of accounting: Shi Lei Head of the accounting department: Luo Xue
(2) Consolidated income statement
Unit: RMB yuan
| Item | Amount in the current period | Amount in the previous period | | I. Total operating income | 888,585,683.99 | 1,212,740,311.93 | | Including: operating income | 888,585,683.99 | 1,212,740,311.93 | | Interest income | | | | Premium earned | | | | Fee and commission income | | | | II. Total operating costs | 865,434,801.31 | 1,770,228,930.90 | | Inc:operating costs | 420,845,859.36 | 749,351,241.84 | | Interest expenses | | | | Fee and commission expenses | | | | Surrender money | | | | Net reimbursement expenditure | | | | Withdrawal of net insurance liability reserves | | | | Policyholder dividend expenses | | | | Reinsurance expenses | | | | Taxes and surcharges | 7,879,465.73 | 8,798,438.13 | | Sales expenses | 189,043,171.59 | 396,015,900.26 | | Management expenses | 142,879,884.86 | 320,087,116.49 | | R&D expenses | 79,505,142.80 | 226,404,752.90 | | Financial expenses | 25,281,276.97 | 69,571,481.28 | | Inc: Interest expenses | | 34,754,941.56 | | Interest income | 142,546.01 | 2,583,174.80 | | Add: other income | 5,263,604.56 | 8,268,197.61 | | Investment income (Loss is listed with “-”) | 2,089.14 | 2,755,592.22 | | Inc: investment income from associates and joint
ventures | | | | Derecognition income of financial assets
measured at amortized cost | | | | Exchange earnings (Loss is listed with “-”) | | | | Net exposure hedge income (Loss is listed with “-”) | | | | Fair value change income (Loss is listed with “-”) | | 2,674,975.31 | | Credit impairment loss (Loss is listed with “-”) | -245,000.01 | -1,005,625.25 | | Asset impairment loss (Loss is listed with “-”) | | | | Asset disposal income (Loss is listed with “-”) | 234,300.00 | | | III. Operating profit (Loss is listed with “-”) | 28,405,876.37 | -544,795,479.08 | | Add: non-operating income | | | | Less: non-operating expenses | 43,636.53 | 152,921.74 | | IV. Total profit (The total loss is listed with "-") | 28,362,239.84 | -544,948,400.82 | | Less: income tax expenses | 4,059,499.89 | -81,122,491.94 | | V. Net profit (Net loss is listed with “-”) | 24,302,739.95 | -463,825,908.88 | | i. Classified by business continuity | | | | 1. Net profit from continuing operations (Net loss is listed with
“-”) | 24,302,739.95 | -463,825,908.88 | | 2. Net profit from discontinued operations (Net loss is listed
with "-") | | | | ii. Classification by ownership | | | | 1. Net profit attributable to the owner of the parent
company | 24,302,776.67 | -463,824,594.93 | | 2. Minority shareholders' profits and losses | -36.72 | -1,313.95 | | VI. Net other comprehensive income | | | | Net other comprehensive income attributable to the parent
company owner | | | | i. Other comprehensive income that cannot be reclassified
into profit or loss | | | | 1. Changes from the remeasurement of the defined
benefit plan | | | | 2. Other comprehensive income that cannot be
transferred to profit or loss under the equity method | | | | 3. Changes in fair value of other equity instruments | | | | 4. Changes in fair value of the Company's own credit
risk | | | | 5. Other | | | | ii. Other comprehensive income that will be reclassified into
profit or loss | | | | 1. Other comprehensive income of convertible profit
and loss under the equity method | | | | 2. Changes in fair value of other debt investments | | | | 3. Financial assets reclassified into other comprehensive
income | | | | 4. Credit impairment provisions of other debt
investment | | | | 5. Cash flow hedge reserve | | | | 6. Foreign currency financial statement translation
difference | | | | 7. Others | | | | Net other comprehensive income attributable to minority
shareholders | | | | VII. Total comprehensive income | 24,302,739.95 | -463,825,908.88 | | Total comprehensive income attributable to owners of the
parent company | 24,302,776.67 | -463,824,594.93 | | Total comprehensive income attributable to minority
shareholders | -36.72 | -1,313.95 | | VIII. Earnings per share: | | | | i. Basic earnings per share | 0 | -0.08 | | ii. Diluted earnings per share | 0 | -0.08 |
If a business combination under the same control occurs in this period, the net profit realized by the combined party before the （未完） ![]()
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