Securities code: Kaiyuan Education Technology Group Co.Ltd(300338) securities abbreviation: Kaiyuan Education Technology Group Co.Ltd(300338) Announcement No.: 2022026
Kaiyuan Education Technology Group Co.Ltd(300338)
First quarter report 2022
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions. Important content tips: 1 The board of directors, the board of supervisors, directors, supervisors and senior managers guarantee that the quarterly report is true, accurate and complete without false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 2. The person in charge of the company, the person in charge of accounting and the person in charge of the accounting organization (Accounting Supervisor) declare that they guarantee the authenticity, accuracy and completeness of the financial information in the quarterly report. 3. Whether the first quarter report has been audited □ yes √ No 1. Main financial data (I) whether the company needs to retroactively adjust or restate the accounting data of previous years □ yes √ no
Increase or decrease in the reporting period compared with the same period of the previous year
Operating income of RMB 16072277962
Net profit attributable to shareholders of listed company (yuan) -5000867080 -8603625065 41.87%
Net profit attributable to shareholders of listed company after deducting non recurring profit and loss of -4964959835 -8730752418 and 43.13% (yuan)
Net cash flow from operating activities (yuan) -2149548155 -5701005211 62.30%
Basic earnings per share (yuan / share) -0.1472 -0.252241.63%
Diluted earnings per share (yuan / share) -0.1472 -0.252241.63%
Weighted average return on net assets -490.69% - 18.66% - 472.03%
Increase or decrease at the end of the reporting period compared with the end of the previous year
Total assets (yuan): 121486967750126875689507 - 4.25%
Owner's equity attributable to shareholders of listed companies -14812890853234135996 - 145.80% (yuan)
（2） Non recurring profit and loss items and amount √ applicable □ not applicable
Unit: Yuan
Description of the amount of the project in the current reporting period
Gains and losses on disposal of non current assets (including write off department with provision for asset impairment) -8789459
(sub) government subsidies included in current profits and losses (closely related to the company's normal business,
Enjoy certain quota or quota in accordance with national policies 268446
Government subsidies excluded)
Other non operating income and expenditure other than the above -76552020
Less: income tax impact 4435785
Influence amount of minority shareholders' equity (after tax) 394665
Total -35907245--
Details of other profit and loss items that meet the definition of non recurring profit and loss: □ applicable √ not applicable. The company does not have details of other profit and loss items that meet the definition of non recurring profit and loss. Description of defining the non recurring profit and loss items listed in the explanatory announcement on information disclosure of companies offering securities to the public No. 1 - non recurring profit and loss as recurring profit and loss items □ applicable √ not applicable the company does not define the non recurring profit and loss items listed in the explanatory announcement on Information Disclosure of companies offering securities to the public No. 1 - non recurring profit and loss as recurring profit and loss items.
（3） Changes and reasons of main accounting data and financial indicators √ applicable □ not applicable
Reasons for changes in the opening balance of balance sheet items
degree
The monetary capital 57316289188972000125 - 36.12% was mainly due to the impact of the business collection of the education sector lower than the maintenance of normal operating expenses and promotion investment in the reporting period.
1018575-99.90% of trading financial assets were mainly due to the redemption of 10 million financial products by Zhongda talents during the reporting period.
Notes receivable 197698000 - 287300000 - 31.19% were mainly due to the recovery of funds and payment of goods by the parent company during the reporting period.
Contract assets - 186517906 - 100.00% are mainly affected by the current contract assets carried forward to accounts receivable.
87525254174906458293 78.39% of short-term borrowings were mainly due to the impact of bank borrowings obtained during the reporting period.
Analysis on the causes of changes in the amount of income statement items in the current period and in the previous period
Analyze
The sales expense was 6692230695 and 12034963453 - 44.39%, mainly due to the reduction of promotion investment during the reporting period.
Add: other income 54264684146692425 - 63.01%, mainly due to the reduction of government subsidies received during the reporting period.
Credit impairment loss (loss -48166885 -72689922, 33.74%) is mainly due to the decrease of bad debt loss provision in the reporting period, which is indicated with "-"
The income (loss) from asset disposal was 18278278 - 3579088 and 610.70%, mainly due to the increase in the disposal of fixed assets in the current period
(filled with "-")
The operating profit of -5373674739 -9793785594 45.13% was mainly due to the fact that although the operating revenue of vocational education sector decreased year-on-year, the fixed operating expenses did not have a greater impact on the year-on-year decrease in revenue
Non operating expenditure 1082328356436927158144 was mainly due to the impact of the year-on-year increase in litigation expenditure in the reporting period
%
The total profit was - 5481460132 - 9798501332 44.06%, mainly due to the vocational education sector. Although the operating income decreased year-on-year,
However, the year-on-year decrease in fixed operating expenses had a greater impact on revenue
Less: income tax expense -474940881 -1013552681 53.14%, mainly due to the impact of total profit loss
The net profit was -5006519251 -8784948651 and 43.01%, mainly due to the comprehensive impact of the year-on-year increase in total profit and income tax expenses
Attributable to the owner of the parent company -5000867080 -8766108400 42.95%, mainly due to the impact of the year-on-year increase in net profit
Net profit of
Minority shareholders' profit and loss -5652171 -18840251 70.00% was mainly due to the decrease of minority shareholders' loss in the reporting period
Analysis on the causes of changes in the amount of cash flow statement items in the current period and in the previous period
Analyze
The cash generated from operating activities was - 2149548155 - 5701005211, and 62.30% was mainly due to the reduction of net flow in the education sector due to the impact of the epidemic
8436825423429366073 - 75.40% of the cash generated from investment activities was mainly due to the decrease in the net flow of disposal of fixed assets and purchase of fixed assets during the reporting period
The cash generated from financing activities ranged from 730884821 to 788465738, and 192.70% was mainly due to the increase in borrowings obtained during the reporting period
Net flow II. Shareholder information (I) total number of ordinary shareholders, number of preferred shareholders with voting rights restored and shareholding of the top ten shareholders
Unit: shares
Total number of common shareholders at the end of the reporting period 23206 at the end of the reporting period
