XueDa (Xiamen) Education Technology Group Co., Ltd
Financial statement report of 2021
1、 Operating performance of the company in 2021
As of December 31, 2021, the total assets of the company were 3.463 billion yuan, a decrease of 1.47% over the end of the previous year; Total liabilities amounted to 3.048 billion yuan, down 9.91% from the end of the previous year; The net assets attributable to shareholders of listed companies were 427 million yuan, an increase of 203.81% over the end of the previous year. During the reporting period, the company’s operating income was 2.94 billion yuan, an increase of 1.04% over the same period last year; The net profit attributable to shareholders of listed companies was -536 million yuan, a decrease of 132694% over the same period last year.
In 2021, the company’s subsidiaries Xueda (Xiamen) Education Technology Group Co.Ltd(000526) group (XueDa Education Group) and Beijing XueDa Information Technology Group Co., Ltd. realized an operating revenue of 2.516 billion yuan in 2021 (Note: the income from education and training business was 2.48 billion yuan, a year-on-year increase of 3.59%); The net profit in 2021 was 567393 million yuan, a year-on-year decrease of 68.02%.
On July 24, 2021, the general office of the CPC Central Committee and the general office of the State Council issued the opinions on further reducing the homework burden and after-school training burden of students in the stage of compulsory education. Since then, the competent education departments and local governments have successively issued relevant management policies (hereinafter referred to as “double reduction policies”). During the reporting period, affected by the “double reduction policy”, the company adjusted and optimized its business strategy and business structure in combination with the actual situation on the premise of ensuring legal and compliant operation; Meanwhile, the provision for impairment of goodwill in the reporting period was 453 million yuan, reducing the performance in the reporting period.
2、 Main accounting data and financial indicators of the company in recent three years
Unit: Yuan
From 2021 to 2020, this year increased by 2019 over the previous year
reduce
Operating income (yuan): 252942741597242988290440 4.10% 299193832534
Net profit attributable to shareholders of listed company -536021884304368768256 – 132694% 1386502500 (yuan)
Deduction attributable to shareholders of listed companies
Unless the net profit of recurring profit and loss is -54766395722 -8043534186 -580.87% – 46733946 (yuan)
Cash flow from operating activities -869742343416729792054 – 151.99% net 24870508182 (yuan)
Basic earnings per share (yuan / share) -4.6950 0.4542 -113369% 0.1441
Diluted earnings per share (yuan / share) -4.6950 0.4542 -113369% 0.1441
Weighted average return on net assets -99.30%, 36.46% – 135.76%, 15.14%
Increase or decrease at the end of 2021 and 2020 compared with the end of 2019 of the previous year
Total assets (yuan): 346343328945351511365266 – 1.47% 359629465480
Net assets attributable to shareholders of listed companies 4267087213514045080904 203.81% 9917251610 yuan
3、 Analysis of the company’s assets
Unit: Yuan
At the end of 2021, the proportion increased significantly at the beginning of 2021. The proportion of said amount in total assets decreased
Example
Monetary capital 99813919172 28.82% 10 Nanjing Sunlord Electronics Corporation Ltd(300975) 8934 24.41% 4.41% none
Accounts receivable 2981573285 0.86% 3770756902 0.89% – 0.03% none
Inventory 232046636 0.07% 68195505 0.02% 0.05% none
Investment premises 7097067870 2.05% 7290084806 1.73% 0.32% none
yield
Long term equity investment 5397 Guangxi Liuzhou Pharmaceutical Co.Ltd(603368) 1.56% 5532001337 1.31% 0.25% none
Endowment
Fixed assets 17727833661 5.12% 19304158575 4.57% 0.55% none
Construction in progress 5004131448 1.44% 6061349167 1.44% 0.00% none
Right of use assets 57541286387 16.61% 74826750008 17.73% – 1.12% none
Short term borrowings 114568644368 33.08% 158587689043 37.57% – 4.49% none
Contract liabilities 65907239992 19.03% 106079591877 25.13% – 6.10% none
Lease liabilities 36581926655 10.56% 49355772763 11.69% – 1.13% none
The company’s financial status, operating results and other relevant accounting information in 2021 have been audited by Dahua Certified Public Accountants (special general partnership) and issued a standard unqualified audit report.
Board of directors of XueDa (Xiamen) Education Technology Group Co., Ltd
April 22, 2022
