Kaiyuan Education Technology Group Co.Ltd(300338)
Financial statement report of 2021
During the reporting period, since the outbreak of novel coronavirus in the country in early 2020, the company’s business continued to affect the offline education and training business in 2021. The company’s business suffered great impact and pressure. The company achieved an operating revenue of 930830600 yuan, a year-on-year increase of 9.49%, and a net profit attributable to the shareholders of the parent company of -460769500 yuan, a year-on-year increase of 39.83%%.
In the face of major changes in the external business environment, the company’s management adjusted its business strategy in time: 1. Pay attention to R & D investment and continuously improve the company’s industrial Internet middle platform capability. The company continues to upgrade see AI intelligent adaptation platform, see AI is a set of high-quality education comprehensive solutions integrating teaching content, teaching resources, teaching methods and information platform, supported by modern information technology and cognitive science such as big data and artificial intelligence and driven by Wuxi Online Offline Communication Information Technology Co.Ltd(300959) hybrid teaching mode. 2. The online education business has accumulated a large amount of user traffic and laid the foundation for subsequent performance growth. It is affected by the epidemic. The penetration rate of online education has increased rapidly. On the basis of continuing to pay attention to and strategic investment in online education business, the company seizes the opportunity of explosive development of online education and maintains the leading advantage of online education platform through online content channel expansion, technology platform upgrading and iteration, rich and perfect course categories and other measures with the help of its online education platforms such as Zhongda online school, Yunhu online school and Hengqi online school. 3. Strictly control costs, strategically shrink direct campuses and increase franchise campuses. Due to the comprehensive impact of repeated regional epidemic on enrollment and teaching, the output value of a single school in the company’s terminal campus is far from returning to the level before the epidemic, which has brought huge business pressure to the company. Considering the basic strict cost control, the company strategically shrinks, closes some direct and affiliated campuses and increases franchise campuses.
The financial statements of 2021 have been audited by Tianjian Certified Public Accountants (special general partnership) and issued an unqualified audit report with significant uncertainty of continuous operation, with the number of “tianjianshen [2022] No. 2-297”.
The relevant financial statements of the company are reported as follows:
Increase or decrease in 20212020 compared with the previous year
Operating income (yuan): 9308305935985015706639 9.49%
Net profit attributable to shareholders of listed company -46076949938 -76571884033 39.83% (yuan)
Net profit attributable to shareholders of listed companies after deducting non recurring profit and loss of -47433957238 -76436126288 and 37.94% (yuan)
Net cash flow from operating activities -736653946 -7616864016 90.33% (yuan)
Basic earnings per share (yuan / share) -1.36 -2.25 39.56%
Diluted earnings per share (yuan / share) -1.36 -2.25 39.56%
Weighted average return on net assets -171.80% – 76.13% – 95.67%
At the end of 2021, the Year-end of 2020 is higher than that at the end of last year
reduce
Total assets (yuan): 126875689507143367578487 – 11.50%
Net assets attributable to shareholders of listed companies 323413599650405050466 – 93.58%
(yuan)
1、 Description of main financial data of 2021 annual final accounts
(I) financial status
1. Asset structure
The total assets at the end of 2021 were 12687569 million yuan, up from 172740 million yuan at the beginning of 2021 RMB 10000, decreased by 4586459
Million yuan, down 26.55%. The main information is as follows:
Unit: Yuan
Increase in proportion at the end of 2021
Amount in total assets amount in total assets minus significant changes
Proportion proportion
89,720001. 129055,936. It is mainly due to the impact of net cash outflow from the company’s daily operation, investment and monetary capital of 25.7% to 15.7% – 0.40% dynamic and financing activities.
Accounts receivable 344765912.72% 856154765 4.96% – 2.24% mainly due to the impact of the recovery and stripping of external accounts receivable of the original manufacturing 904 industry in the reporting period.
Contract assets 18651790 0.15% 165697151 0.10% 0.05% were mainly due to the increase of 6 sales commodities issued during the reporting period.
The inventory of 56098580 0.44% 104846534 0.61% – 0.17% was mainly due to the impact of strengthening inventory management and reducing inventory scale by 5 during the reporting period.
Long term equity investment 678414775.35% 698102948%, 4.04% and 1.31% were mainly affected by the reduction of investment in the reporting period. 65 2
Fixed assets 828499496.53% 161384,627. 9.34% – 2.81% was mainly due to the impact of the sale of assets of Kaiyuan Changsha park.
Right of use assets 24448937219.27% 31049063717.97% and 1.30% of the decrease in the amount of use right assets was due to the increase of. 3871 in amortization
Notes receivable 28730000 0.23% 231038047 1.34% – 1.11% mainly due to the maturity impact of notes received.
28,693484. 105534,327. It is mainly caused by the recovery of equity sale funds, 53 2.26% 75 6.11% – 3.85% of other receivables, and the impact of the sale of receivables during the reporting period
Goodwill 38612675730.43% 44235915125.61% and 4.82% were mainly due to the provision of goodwill.0776 impairment during the reporting period.
Deferred income tax assets 1066528418.41% 653812602 3.78% 4.63% are mainly due to the estimated current
Due to the provision of deferred income tax assets due to the losses that can be reversed in phase 828
Other equity instruments 13130728316589420 was mainly due to the disposal of equity investments related to the original manufacturing investment of 00 1.03% 9 1.83% – 0.80% during the reporting period and changes in the fair value of the investment.
Intangible assets 506205763.99% 975003279 5.64% – 1.65% was mainly due to the impact of the sale of assets 28 3 and scrapped intangible assets in Changsha park during the reporting period.
Long term deferred expenses Heilongjiang Zbd Pharmaceutical Co.Ltd(603567) 084.76% 904560461 5.24% – 0.48% mainly due to the impact of the reduction in the installation and 83 5 repair costs of leased fixed assets during the reporting period.
2. Main liabilities
The total liabilities at the end of 2021 was 1236168300 yuan, an increase from 1222950600 yuan at the beginning of 2021
132177 million yuan, an increase of 1.08%. The main information is as follows:
Unit: Yuan
Increase in proportion at the end of 2021
Amount in total assets amount in total assets minus significant changes
Proportion proportion
Short term loan 490645823.87% 710784312 4.11% – 0.24% mainly due to the repayment of loans.
93 5
Square Technology Group Co.Ltd(603339) ,460 453321,960. This is mainly due to the company’s recognition of revenue and the impact of local sporadic epidemic on offline class scheduling according to the contract liabilities of class week. 55, 47.55%, 12, 26.24% and 21.31% during the reporting period.
long
