StockCode:002607StockAbbr.:OFFCNEDUAnnouncementNo.:2021-065
OFFCNEDUCATIONTECHNOLOGYCO.,LTD.
ThirdQuarter2021Report
TheCompanyandallthemembersofitsBoardofDirectorsherebyguaranteethatthecontentsdisclosedaretrue,accurate,andcomplete,andthattherearenomisrepresentations,misleadingstatements,ormaterialomissions.TheCompany’sThirdQuarter2021ReportispreparedandpublishedinChineseversion,andtheEnglishversionisforreferenceonly.ShouldtherebeanyinconsistencybetweentheChineseversionandEnglishversion,theChineseversionshallprevail.
Importantnotes:
1.TheCompany’sBoardofDirectors,SupervisoryCommittee,directors,supervisors,andseniormanagementherebyguaranteethatthecontentsofthequarterlyreportaretrue,accurate,andcomplete,andthattherearenomisrepresentations,misleadingstatements,ormaterialomissions,andshallassumeindividualandjointlegalliabilities.
2.TheCompany’slegalrepresentative,theheadinchargeofaccountingandtheheadoftheaccountingdepartment(Accountingsupervisor),declarethattheywarrantthetruthfulness,accuracyandcompletenessofthefinancialreportinthequarterlyreport.
3.WhetheraudithasbeenperformedonthisThirdQuarterReport.
□Yes√No
SectionI.Keyfinancialdata
1.KeyaccountinginformationandfinancialindicatorsDoestheCompanyneedtoadjustitsfinancialinformationretrospectivelyorrestateitsaccountinginformationofpreviousyear?
□Yes√No
TheCompanyandallthemembersofitsBoardofDirectorsherebyguaranteethatthecontentsdisclosedaretrue,accurate,andcomplete,andthattherearenomisrepresentations,misleadingstatements,ormaterialomissions.TheCompany’sThirdQuarter2021ReportispreparedandpublishedinChineseversion,andtheEnglishversionisforreferenceonly.ShouldtherebeanyinconsistencybetweentheChineseversionandEnglishversion,theChineseversionshallprevail.Currentreportingperiod
| Currentreportingperiod | Increase/decreaseincurrentreportingperiodoversameperiodofthepreviousyear | Frombeginningoftheyeartotheendofthisreportingperiod | Increase/decreasefrombeginningoftheyeartotheendofthisreportingperiodoversameperiodofthepreviousyear | |
| Operatingincome(RMB) | 1,445,195,855.92 | -68.79% | 6,301,194,119.42 | -15.29% |
NetprofitattributabletoshareholdersofthelistedCompany(RMB)
| NetprofitattributabletoshareholdersofthelistedCompany(RMB) | -793,735,635.02 | -151.08% | -890,898,144.05 | -167.45% |
| NetprofitattributabletoshareholdersofthelistedCompanyafterdeductingnon-recurringgainsorlosses(RMB) | -798,108,362.10 | -155.20% | -968,013,385.87 | -189.77% |
| Netcashflowfromoperatingactivities(RMB) | —— | —— | -3,645,820,183.72 | -154.27% |
| Basicearningspershare(RMB/share) | -0.12 | -148.00% | -0.14 | -166.67% |
| Dilutedearningspershare(RMB/share) | -0.12 | -148.00% | -0.14 | -166.67% |
| Weightedaveragereturnonassets | -20.96% | -72.31% | -23.26% | -65.61% |
| Endofcurrentreportingperiod | Endofthepreviousyear | Increase/decreaseattheendofcurrentreportingperiodoverendofthepreviousyear | ||
| Totalassets(RMB) | 12,213,130,982.14 | 14,418,850,027.27 | -15.30% | |
| Owner'sequityattributabletoshareholdersofthelistedCompany(RMB) | 3,384,229,649.15 | 4,275,127,793.20 | -20.84% | |
2.Itemsandamountofnon-recurringgainsandlosses
√Applicable□Notapplicable
Unit:RMB
| Items | Amountofcurrentreportingperiod | Amountfrombeginningoftheyeartoendofthereportingperiod | Note |
| Disposalgainsorlossesofnon-currentassets(includingtheoffsetpartoftheprovisionforassetimpairment) | -168,828.03 | ||
| Governmentsubsidiesincludedinthecurrentgainsandlosses(closelyrelatedtothenormalbusinessoftheenterprise,exceptforgovernmentsubsidiesenjoyedfixedly,quantitativelyandcontinuouslyinaccordancewithnationalpoliciesandcertainstandards) | 1,985,280.70 | 3,415,309.40 |
Gainsorlossesfromentrustingotherstoinvestormanageassets
| Gainsorlossesfromentrustingotherstoinvestormanageassets | 1,463,134.23 | 30,374,103.00 | |
| Gainsorlossesonchangesinfairvaluearisingfromthepossessionoftransactionalfinancialassetsandtransactionalfinancialliabilities;andtheinvestmentincomefromthedisposaloftransactionalfinancialassets,transactionalfinancialliabilities,andavailable-for-salefinancialassets,excepttheeffectivehedgingbusinessrelatedtotheCompany’snormalbusinessoperations | 1,973,101.86 | 11,041,967.01 | |
| Othernon-operatingincomeandexpensesexceptfortheitemsabove | -533,554.43 | -844,909.84 | |
| Othergainsorlossesitemsthatmeetthedefinitionofnon-recurringgainsandlosses | 45,101,048.40 | ||
| Less:Impactonincometax | 515,235.29 | 11,803,448.12 | |
| Total | 4,372,727.07 | 77,115,241.82 | -- |
Detailsofothergainsorlossesitemsthatmeetthedefinitionofnon-recurringgainsandlosses:
□Applicable√NotapplicableTheCompanyhasnoothergainsorlossesitemsthatmeetthedefinitionofnon-recurringprofitsandlosses.Provideexplanationsforclassifyingitemsofnon-recurringgainsandlossesdefinedorlistedintheExplanatoryAnnouncementNo.1forPublicCompanyInformationDisclosures–Non-recurringGainsandLossesasitemsofrecurringgainsandlosses.
□Applicable√NotapplicableThereisnosuchcasewheretheCompanyclassifiesnon-recurringgainsandlossesitemsthatarelistedintheExplanatoryAnnouncementNo.1forPublicCompanyInformationDisclosures–Non-recurringGainsandLossesasitemsofrecurringgainsandlosses.
3.Casesandreasonsforfluctuationofkeyaccountinginformationandfinancialindicators
√Applicable□Notapplicable
Unit:RMB
| Itemsofbalancesheet | September30,2021 | December31,2020 | Growth | Note |
| Monetaryfund | 1,974,991,164.20 | 5,950,395,089.12 | -66.81% | Mainreasons:1)increasedcostresultedfrompurchasingintangibleassetsinthe |
reportingperiod;
2)theahead-of-schedulemulti-provincialjointexaminationofthecivilservantrecruitmentshortenedthepeakperiodofcollectingtrainingfees;
3)changestookplaceinrecruitmentpoliciesintheteachersandthecomprehensivesections,andthenumberoftraineesdecreased,whichresultedinthedecreaseofcollectedtrainingfees.
| reportingperiod;2)theahead-of-schedulemulti-provincialjointexaminationofthecivilservantrecruitmentshortenedthepeakperiodofcollectingtrainingfees;3)changestookplaceinrecruitmentpoliciesintheteachersandthecomprehensivesections,andthenumberoftraineesdecreased,whichresultedinthedecreaseofcollectedtrainingfees. | ||||
| Transactionalfinancialassets | 357,426,934.35 | 983,205,858.25 | -63.65% | Mainlyduetothestructuraladjustmentofassetallocationinthecurrentperiod. |
| Accountsreceivable | 38,087,488.62 | 21,493,637.66 | 77.20% | Mainlyduetotheincreaseinrentreceivable. |
| Non-currentassetsduewithinoneyear | 20,027,866.70 | 1,985,873,462.75 | -98.99% | MainlyduetothematurityoffixeddepositspurchasedbytheCompany. |
| Othercurrentassets | 705,367,767.08 | 175,179,650.61 | 302.65% | MainlyduetotheincreaseoffixeddepositsduewithinoneyearpurchasedbytheCompany. |
| Right-of-useassets | 1,230,395,388.53 | 0.00 | 100.00% | Mainlyduetotheincreaseofright-of-useassetsundertheimplementationofthenewleasestandardssinceJanuary1,2021. |
| Constructioninprogress | 287,707,506.80 | 214,248,125.04 | 34.29% | Mainlyduetotheadvancementandadditionofengineeringprojects. |
| Othernon-currentassets | 3,801,600,937.14 | 1,151,091,703.31 | 230.26% | Mainlyduetothepurchaseandconstructionoffixedassetsandintangibleassets. |
| Othernon-currentfinancialassets | 38,050,000.00 | 208,450,315.01 | -81.75% | Mainlyduetotheconversionoffinancialproductsduewithinoneyearintotransactionalfinancialassets. |
| Contractliabilities | 2,312,641,632.72 | 4,925,428,309.33 | -53.05% | Mainreasons:1)theahead-of-schedulemulti-provincialjointexaminationofthecivilservantrecruitmentshortenedthepeakperiodofcollectingtrainingfees;2)changestookplaceinrecruitmentpoliciesintheteachersandthecomprehensivesections,andtheexaminationsaredelayed. |
Payrollpayable
| Payrollpayable | 315,864,427.36 | 637,448,433.99 | -50.45% | Mainlyduetothedistributionofemployees’salaryandbonusesinthepreviousyear. |
| Taxespayable | 22,613,212.98 | 131,111,770.78 | -82.75% | MainlyduetotheCompany'stemporaryperformancelossduringthereportingperiod,andthecorporateincometaxofmajorsubsidiarieswerenotaccrued. |
| Otherpayable | 65,535,767.05 | 9,479,383.03 | 591.35% | Mainlyduetotheincreaseofthird-partyhandlingfeespendingforpaymentsduringthereportingperiod. |
| Non-currentliabilitiesduewithinoneyear | 484,524,249.51 | 0.00 | 100.00% | Mainlyduetotheincreaseofnon-currentliabilitiesduewithinoneyearundertheimplementationofthenewleasestandardssinceJanuary1,2021. |
| Othercurrentliabilities | 69,379,248.98 | 147,765,156.66 | -53.05% | MainlyduetothedecreaseintheamountofcontractliabilitiesandthecorrespondingdecreaseintheoutputVATtobetransferred. |
| Leaseliabilities | 444,442,525.66 | 0.00 | 100.00% | MainlyduetotheincreaseofleaseliabilitiesundertheimplementationofthenewleasestandardssinceJanuary1,2021. |
| Undistributedprofits | 1,979,940,976.65 | 2,870,839,120.70 | -31.03% | MainlyduetotheCompany'stemporaryperformancelossduringthereportingperiod. |
| Itemsofincomestatement | January-September2021 | January-September2020 | Growth | Note |
| Taxesandsurcharges | 23,049,626.16 | 9,832,926.10 | 134.41% | MainlyduetothedecreaseofpreferentialtaxationenjoyedbytheCompany. |
| Otherincome | 67,843,227.07 | 221,416,613.84 | -69.36% | MainlyduetothedecreaseofpreferentialtaxationenjoyedbytheCompany. |
| Investmentincome | 74,689,765.65 | 187,595,273.90 | -60.19% | Mainlyduetothestructuraladjustmentofassetallocationinthecurrentperiodandthedecreasedyieldrateoffinancialproducts. |
| Incomefromchangesinfairvalue | 11,041,967.01 | 0.00 | 100.00% | Mainlyduetotheaccrualofincomefromchangesinfairvalueoffinancialproductsduringthereportingperiod. |
| Expectedcreditloss | -2,013,158.79 | -1,382,976.76 | 45.57% | Mainlyduetotheincreaseintheprovisionforbaddebtsduringthe |
reportingperiod.
| reportingperiod. | ||||
| Incometaxexpenses | -249,727.99 | 261,121,317.06 | -100.10% | MainlyduetotheCompany'stemporaryperformancelossduringthereportingperiod,andthecorporateincometaxofmajorsubsidiarieswerenotaccrued. |
| Itemsofcashflowstatement | January-September2021 | January-September2020 | Growth | Note |
| Cashreceivedfromthesaleofgoodsandtherenderingofservices | 3,764,009,075.38 | 12,630,977,793.14 | -70.20% | Mainreasons:1)theahead-of-schedulemulti-provincialjointexaminationofthecivilservantrecruitmentshortenedthepeakperiodofcollectingtrainingfees;2)changestookplaceinrecruitmentpoliciesintheteachers,publicinstitutionsandthecomprehensivesections,andtheexaminationsaredelayed.Numberoftraineesdecreased. |
| Othercashreceiptsrelatedtooperatingactivities | 82,925,359.00 | 246,310,360.72 | -66.33% | Mainlyduetotheresumptionoflandauctiondepositsinthesameperiodoflastyear. |
| Cashpaidtoandforemployees | 4,999,319,418.01 | 3,833,750,101.55 | 30.40% | Mainlyduetotheincreaseofemployeecompensationpaidinthecurrentperiod. |
| Cashreceivedfromrecoveryofinvestments | 9,118,641,205.92 | 25,895,487,090.00 | -64.79% | Mainlyduetothestructuraladjustmentofassetallocationinthecurrentperiod. |
| Cashreceivedfrominvestmentincome | 234,974,156.04 | 132,306,688.95 | 77.60% | MainlyduetothematurityoffixeddepositspurchasedbytheCompany. |
| Cashpaidforthepurchaseandconstructionoffixedassets,intangibleassetsandotherlong-termassets | 2,826,593,982.87 | 897,559,659.37 | 214.92% | Mainlyduetothepurchaseandconstructionoffixedassetsandintangibleassets. |
| Cashpaidforinvestments | 7,014,720,000.00 | 28,265,198,090.00 | -75.18% | Mainlyduetothestructuraladjustmentofassetallocationinthecurrentperiod. |
| Cashreceivedfromtheloan | 4,369,000,000.00 | 3,002,000,000.00 | 45.54% | Mainlyduetotheincreasedborrowingsfromthebankinthecurrentperiod. |
| Cashpaidfordebtrepayment | 3,499,000,000.00 | 2,641,000,000.00 | 32.49% | Mainlyduetotherepaymentforshort-termloansdueinthecurrentperiod. |
| Cashpaidfordividends,profitsorinterest | 152,324,944.37 | 1,598,605,965.46 | -90.47% | Mainlyduetothepaymentofcash |
payments
| payments | dividendsin2020. | |||
| Othercashpaidrelatedtofinancingactivities | 559,203,347.89 | 333,478.85 | 167587.80% | MainlyduetotheimplementationofthenewleasestandardssinceJanuary1,2021,therentpaidduringthereportingperiodisadjustedfromlistingundertheitemofothercashpaidforbusinessactivitiestoundertheitemofothercashpaidrelatedtofinancingactivities. |
SectionII.Shareholders
1.Tableonthetotalnumberofcommonshareholdersandpreferredshareholderswithrestoredvotingrightsandsharesheldbythetop10shareholders
Unit:share(s)
| Totalnumberofcommonshareholdersattheendofreportingperiod | 132,029 | Totalnumberofpreferredshareholderswithrestoredvotingrightsatendofthereportingperiod(ifany) | 0 | |||||
| Particularsaboutsharesheldbythetop10shareholders | ||||||||
| Nameofshareholder | Natureofshareholder | Shareholdingpercentage(%) | Numberofshares | Numberofsharesheldwithsalesrestrictions | Pledged,markedorfrozen | |||
| Statusofshares | Numberofshares | |||||||
| LuZhongfang | Domesticnaturalperson | 41.36% | 2,550,549,260 | 2,550,549,260 | Pledged | 620,000,000 | ||
| LiYongxin | Domesticnaturalperson | 18.35% | 1,131,415,121 | 1,105,070,121 | Pledged | 387,150,000 | ||
| WangZhendong | Domesticnaturalperson | 15.03% | 927,229,418 | 721,853,563 | Pledged | 393,239,966 | ||
| BeijingAerospaceIndustryInvestmentFund(LimitedPartnership) | Domesticnon-state-ownedlegalperson | 4.24% | 261,280,477 | 0 | ||||
| BeijingKeruiTechnologyInnovationInvestmentCenter(LimitedPartnership) | Domesticnon-state-ownedlegalperson | 1.44% | 89,117,723 | 89,117,723 | ||||
| BeijingOffcnFutureInformation | Domesticnon-state-owned | 1.30% | 80,000,000 | 0 | ||||
ConsultingCenter(LimitedPartnership)
| ConsultingCenter(LimitedPartnership) | legalperson | |||||
| ZhouXiayun | Domesticnaturalperson | 1.28% | 78,848,640 | 0 | Pledged | 58,000,000 |
| ZhouHui | Domesticnaturalperson | 1.17% | 72,277,920 | 0 | Pledged | 16,650,000 |
| BeijingGuangyinVentureCapitalCenter(LimitedPartnership) | Domesticnon-state-ownedlegalperson | 1.04% | 64,355,896 | 0 | ||
| HongKongSecuritiesClearingCo.,Ltd. | Overseaslegalperson | 0.86% | 53,084,181 | 0 | ||
| Particularsaboutsharesheldbythetop10shareholderswithoutsalesrestrictions | ||||||
| Nameofshareholder | Numberofsharesheldwithoutsalesrestrictions | Typeofshares | ||||
| Typeofshares | Numberofshares | |||||
| BeijingAerospaceIndustryInvestmentFund(LimitedPartnership) | 261,280,477 | RMBcommonshares | 261,280,477 | |||
| WangZhendong | 205,375,855 | RMBcommonshares | 205,375,855 | |||
| BeijingOffcnFutureInformationConsultingCenter(LimitedPartnership) | 80,000,000 | RMBcommonshares | 80,000,000 | |||
| ZhouXiayun | 78,848,640 | RMBcommonshares | 78,848,640 | |||
| ZhouHui | 72,277,920 | RMBcommonshares | 72,277,920 | |||
| BeijingGuangyinVentureCapitalCenter(LimitedPartnership) | 64,355,896 | RMBcommonshares | 64,355,896 | |||
| HongKongSecuritiesClearingCo.,Ltd. | 53,084,181 | RMBcommonshares | 53,084,181 | |||
| ZhouLi | 48,185,280 | RMBcommonshares | 48,185,280 | |||
| LiYongxin | 26,345,000 | RMBcommonshares | 26,345,000 | |||
| YangShaofeng | 24,062,680 | RMBcommonshares | 24,062,680 | |||
| Descriptionoftherelationshiporconcerted | TheCompany'scontrollingshareholderandactualcontrollerLuZhongfangand | |||||
actionamongtheabovementionedshareholders
| actionamongtheabovementionedshareholders | LiYongxinareinaparent-childrelationship.LuZhongfang,LiYongxin,andBeijingOffcnFutureInformationConsultingCenter(LimitedPartnership)constitutepersonsactinginconcert.ZhouXiayunandZhouHuihaveafather-sonrelationship.ZhouXiayunandZhouLihaveafather-daughterrelationship.Itisunknownwhetherthereisanassociatedrelationshipamongtheabove-mentionedothershareholders,norwhethertheabove-mentionedshareholdersbelongtothepartiesactinginconcertasstipulatedintheAdministrativeMeasuresonInformationDisclosureofShareholdingChangesinListedCompanies. |
| Descriptionofthetop10shareholdersparticipatinginthemargintrading(ifany) | None |
2.Tableonthetotalnumberofpreferredshareholdersandsharesheldbythetop10preferredshareholders
□Applicable√NotApplicableSectionIII.Othersignificantevents
√Applicable□Notapplicable
1.TheprogressoftheCompany’snon-publicissuance:
TheCompanyheldthemeetingsofboardofdirectorsandboardofsupervisorsonNovember23andthethirdextraordinarygeneralmeetingofshareholdersonDecember9intheyearof2020,reviewedandapprovedtheProposalontheCompany’sCompliancewiththeConditionsforNon-publicIssuanceofAShares,ProposalontheCompany’sPlanofNon-PublicIssuanceofAShares,andProposalontheCompany'sProposalofNon-PublicIssuanceofASharesandotherproposalsrelatedtothisnon-publicissuance.OnDecember30,2020,theCompanyannouncedtheAnnouncementontheAcceptanceofApplicationsforNon-publicIssuanceofSharesbytheChinaSecuritiesRegulatoryCommission(AnnouncementNo.:2020-052).OnJanuary8,2021,theCompanyannouncedtheNoticeonReceivingtheFirstFeedbackfromtheChinaSecuritiesRegulatoryCommission'sAdministrativeLicensingProjectReview(AnnouncementNumber:
2021-002).OnJanuary27,2021,theCompanyannouncedtheReportontheReplytotheFirstFeedbackNoticefromtheChinaSecuritiesRegulatoryCommissionAdministrativeLicensingProjectReviewandotherdocuments.Onthesameday,theCompanyalsoannouncedtheadjustmentstothenon-publicissuanceplanincludingtheRevisedProposalforNon-publicIssuanceofASharesreviewedandapprovedatthe17thmeetingoftheFifthBoardofDirectorsandthe14thMeetingoftheFifthSupervisoryCommittee.OnMay18,2021,theCompanyissuedtheAnnouncementontheRevisedReplytotheFirstFeedbackNoticefromtheChinaSecuritiesRegulatoryCommissionAdministrativeLicensingProjectReviewandtheAnnouncementonReceivingtheSecondFeedbackfromtheChinaSecuritiesRegulatoryCommission'sAdministrativeLicensingProjectReview.OnMay29,2021,theCompanyannouncedtheReportontheReplytotheSecondFeedbackNoticefromtheChinaSecuritiesRegulatoryCommissionAdministrativeLicensingProjectReviewandotherdocuments.Onthesameday,theCompanyalsoannouncedtheadjustmentstothenon-publicissuanceplanincludingtheSecondRevisedProposalforNon-publicIssuanceofASharesreviewedandapprovedatthe19thmeetingoftheFifth
BoardofDirectorsandthe16thMeetingoftheFifthSupervisoryCommittee.OnJune5,2021,theCompanyissuedtheAnnouncementontheRevisedReplytotheSecondFeedbackNoticefromtheChinaSecuritiesRegulatoryCommissionAdministrativeLicensingProjectReviewandotherdocuments.OnJune16,2021,theCompany’snon-publicmatterswerereviewedandapprovedbytheIssuanceReviewCommitteeoftheChinaSecuritiesRegulatoryCommission.OnAugust24,2021,theCompanyissuedtheAnnouncementonNoticeoftheSuspensionoftheChinaSecuritiesRegulatoryCommissionAdministrativeLicensingApplicationReview.BecausethelawfirmhiredforthisissuancewasfiledandputunderinvestigationbytheChinaSecuritiesRegulatoryCommissionforitsservicesforothercompanies,theChinaSecuritiesRegulatoryCommissionsuspendedthereviewoftheCompany'sapplicationforadministrativelicenseforthisnon-publicissuanceofshares.Regardingthefollow-upprogressoftheCompany'snon-publicissuanceofshares,theCompanywillperformitsinformationdisclosureobligationsinatimelymannerinaccordancewiththerequirementsofrelevantlawsandregulations.
2.Thecaseofthetransferofpartofthewholly-ownedsubsidiary’sequityandcooperativedevelopmentOnDecember2,2020,thewholly-ownedsubsidiaryoftheCompany,BeijingOffcnFutureEducationTechnologyCo.,Ltd.(hereinafterreferredtoasthetargetcompany),wonthebidforthefirst-leveldevelopmentproject—CP00-1804-0002residentiallandandCP00-1804-0012publicconstructionlandinQiliquNanbeiVillage,ShaheTown,ChangpingDistrict,Beijing,andtheCompanyprovidedaloanofRMB3.098billionyuantothetargetcompanytopayfortheabovelandprice,deedtaxandotherexpenses.OnSeptember26,2021,theCompanyheldthe22ndMeetingoftheFifthBoardofDirectorswhichreviewedandapprovedtheProposalontheTransferofPartoftheWholly-ownedSubsidiary’sEquityandCooperativeDevelopment.TheBoardofDirectorsagreedtotransfer51%equityoftheCompany’swholly-ownedsubsidiary,namelyBeijingOffcnFutureEducationTechnologyCo.,Ltd.,toBeijingShanghengJiruiCommercialOperationandManagementCo.,Ltd.(hereinafterreferredtoasLonghuParty).Afterfriendlynegotiationbetweenthetwoparties,basedonthetargetcompany’spaid-inregisteredcapital,theCompanypricedthetransferofthetargetcompany’s51%equityatRMB51millionyuan.Atthesametime,LonghuPartyinvestedRMB1.379billionyuaninthetargetcompanyasshareholderloans,allofwhichwereusedtorepaythetargetcompany’sborrowingfromtheCompany.Forspecificinformationofthismatter,pleaserefertotheCompany’sAnnouncementontheTransferofPartoftheWholly-ownedSubsidiary’sEquityandCooperativeDevelopment(AnnouncementNo.:
2021-061)releasedonwww.cninfo.com,September27,2021.AccordingtothecustomizeddevelopmentagreementandsupplementaryagreementsignedbetweenthetargetcompanyandtheCompany,theCompany’sRMB1.618billionyuan’sworthofloantothetargetcompanyhasbeenconvertedintotheadvancepaymentfortheconstructionofCP00-1804-0012publicconstructionland.ThetargetcompanywillconstructanonlinetechnologyR&Dcenter,anOnline-Merge-Offlineeducationdemonstrationcenter,anintegratedtrainingcenterforR&Dandteachingpersonnel,averticalintegratedfast-responsecommandcenterfornationwidemarket,andaninnovativeeducationheadquarterinaccordancewiththeCompany’sdesignandplanning.Atpresent,thetargetcompanyhaspaidoffallitsloanstotheCompany.
SectionIV.Financialstatementsofthefirstthreequarters
1.Financialstatements
(1)ConsolidatedbalancesheetCompany:OffcnEducationTechnologyCo.,Ltd.September30,2021
Unit:RMB
Item
| Item | September30,2021 | December31,2020 |
| Currentassets: | ||
| Monetaryfunds | 1,974,991,164.20 | 5,950,395,089.12 |
| Settlementreserve | ||
| Lendings | ||
| Transactionalfinancialassets | 357,426,934.35 | 983,205,858.25 |
| Derivativefinancialassets | ||
| Notesreceivable | ||
| Accountsreceivable | 38,087,488.62 | 21,493,637.66 |
| Receivablesfinancing | ||
| Prepayments | 2,321,049.00 | 2,204,120.00 |
| Premiumreceivable | ||
| Accountsreceivablereinsurance | ||
| Reserveforreinsurancereceivablecontracts | ||
| Otherreceivables | 375,968,765.53 | 304,318,966.20 |
| Including:interestreceivable | ||
| Dividendreceivable | ||
| Buyingbackthesaleoffinancialassets | ||
| Inventory | ||
| Contractassets | ||
| Assetsheld-for-sale | ||
| Non-currentassetsduewithinoneyear | 20,027,866.70 | 1,985,873,462.75 |
| Othercurrentassets | 705,367,767.08 | 175,179,650.61 |
| Totalcurrentassets | 3,474,191,035.48 | 9,422,670,784.59 |
| Non-currentassets: | ||
| Loansandadvances |
Debtinvestment
| Debtinvestment | ||
| Otherdebtinvestment | ||
| Long-termreceivables | ||
| Long-termequityinvestment | ||
| Otherequityinvestment | 152,800,000.00 | 152,800,000.00 |
| Othernon-currentfinancialassets | 38,050,000.00 | 208,450,315.01 |
| Investmentproperty | 653,958,125.31 | 668,014,515.82 |
| Fixedassets | 1,557,911,008.74 | 1,612,792,592.67 |
| Constructioninprogress | 287,707,506.80 | 214,248,125.04 |
| Productivebiologicalassets | ||
| Oilandgasassets | ||
| Right-of-useasset | 1,230,395,388.53 | |
| Intangibleassets | 511,346,418.46 | 426,352,455.75 |
| Developmentexpenditure | ||
| Goodwill | 99,867,720.38 | 99,867,720.38 |
| Long-termprepaidexpenses | 383,323,987.14 | 440,955,377.93 |
| Deferredtaxassets | 21,978,854.16 | 21,606,436.77 |
| Othernon-currentassets | 3,801,600,937.14 | 1,151,091,703.31 |
| Totalnon-currentassets | 8,738,939,946.66 | 4,996,179,242.68 |
| Totalassets | 12,213,130,982.14 | 14,418,850,027.27 |
| Currentliabilities: | ||
| Short-termloan | 4,844,231,125.06 | 3,976,019,329.22 |
| Borrowingfromthecentralbank | ||
| Borrowingsfrombanksandotherfinancialinstitutions | ||
| Transactionalfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountspayable | 165,281,669.57 | 211,824,402.86 |
| Depositreceived | ||
| Contractliabilities | 2,312,641,632.72 | 4,925,428,309.33 |
| Financialassetssoldforrepurchase | ||
| Absorbingdepositsand |
interbankdeposits
| interbankdeposits | ||
| Actingtradingsecurities | ||
| Actingunderwritingsecurities | ||
| Payrollpayable | 315,864,427.36 | 637,448,433.99 |
| Taxespayable | 22,613,212.98 | 131,111,770.78 |
| Otherpayable | 65,535,767.05 | 9,479,383.03 |
| Including:interestpayable | ||
| Dividendpayable | ||
| Feesandcommissionspayable | ||
| Reinsuranceaccountspayable | ||
| Liabilitiesheld-for-sale | ||
| Non-currentliabilitiesduewithinoneyear | 484,524,249.51 | |
| Othercurrentliabilities | 69,379,248.98 | 147,765,156.66 |
| Totalcurrentliabilities | 8,280,071,333.23 | 10,039,076,785.87 |
| Non-currentliabilities: | ||
| Insurancecontractreserve | ||
| Long-termloan | ||
| Bondspayable | ||
| Bondspayable_preferredstock | ||
| Bondspayable_perpetualbond | ||
| Leaseliability | 444,442,525.66 | |
| Long-termpayables | ||
| Long-termsalarypayable | ||
| Estimatedliabilities | ||
| Deferredincome | ||
| Deferredtaxliability | 104,423,412.82 | 104,677,444.59 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 548,865,938.48 | 104,677,444.59 |
| TotalLiabilities | 8,828,937,271.71 | 10,143,754,230.46 |
| Owners'equity: | ||
| Sharecapital | 103,807,623.00 | 103,807,623.00 |
| Otherequityinstruments |
Otherequityinstruments_preferredstock
| Otherequityinstruments_preferredstock | ||
| Otherequityinstruments_perpetualbond | ||
| Capitalreserve | 1,225,481,049.50 | 1,225,481,049.50 |
| Less:Treasurystock | ||
| Othercomprehensiveincome | 30,000,000.00 | 30,000,000.00 |
| Specialreserve | ||
| Surplusreserves | 45,000,000.00 | 45,000,000.00 |
| Generalriskpreparation | ||
| Undistributedprofits | 1,979,940,976.65 | 2,870,839,120.70 |
| Totalowner'sequityattributabletotheparentcompany | 3,384,229,649.15 | 4,275,127,793.20 |
| Minorityshareholders'equity | -35,938.72 | -31,996.39 |
| Owners'equity | 3,384,193,710.43 | 4,275,095,796.81 |
| Liabilitiesandowner'sequity | 12,213,130,982.14 | 14,418,850,027.27 |
Legalrepresentative:WangZhendongPersoninchargeofaccounting:ShiLeiHeadofaccountingdepartment:LuoXue
(2)Consolidatedincomestatementfrombeginningoftheyeartotheendofthereportingperiod
Unit:RMB
| Item | Amountinthecurrentperiod | Amountinthepriorperiod |
| Totaloperatingincome | 6,301,194,119.42 | 7,438,969,829.81 |
| Including:operatingincome | 6,301,194,119.42 | 7,438,969,829.81 |
| Interestincome | ||
| Premiumearned | ||
| Feeandcommissionincome | ||
| Totaloperatingcosts | 7,342,893,996.86 | 6,264,315,976.76 |
| Including:operatingcost | 3,588,626,072.16 | 3,071,901,770.96 |
| Interestexpense | ||
| Feeandcommissionexpenses | ||
| Surrendermoney | ||
| Netreimbursementexpenditure | ||
| Withdrawalofnetinsuranceliabilityreserves | ||
| Policyholderdividendexpenses | ||
| Reinsuranceexpenses |
Taxesandsurcharges
| Taxesandsurcharges | 23,049,626.16 | 9,832,926.10 |
| Salesexpenses | 1,475,923,658.93 | 1,278,110,818.48 |
| Managementexpenses | 1,036,022,099.40 | 902,149,682.94 |
| R&Dexpenses | 835,716,194.57 | 655,566,356.63 |
| Financialexpenses | 383,556,345.64 | 346,754,421.65 |
| Including:interestexpenses | 176,536,740.21 | 128,133,368.78 |
| Interestincome | 35,487,207.53 | 11,898,982.50 |
| Add:otherincome | 67,843,227.07 | 221,416,613.84 |
| Investmentincome(Lossislistedwith“-”) | 74,689,765.65 | 187,595,273.90 |
| Including:investmentincomefromassociatesandjointventures | ||
| Derecognitionincomeoffinancialassetsmeasuredatamortizedcost | ||
| Exchangeearnings(Lossislistedwith“-”) | ||
| Netexposurehedgeincome(Lossislistedwith“-”) | ||
| Incomefromchangesinfairvalue(Lossislistedwith“-”) | 11,041,967.01 | |
| Expectedcreditloss(Lossislistedwith“-”) | -2,013,158.79 | -1,382,976.76 |
| Assetimpairmentloss(Lossislistedwith“-”) | ||
| Assetdisposalincome(Lossislistedwith“-”) | -168,828.03 | 162,043.59 |
| III.Operatingprofit(Lossislistedwith“-”) | -890,306,904.53 | 1,582,444,807.62 |
| Add:non-operatingincome | 41,198.84 | 20,148.00 |
| Less:non-operatingexpenses | 886,108.68 | 457,348.58 |
| IV.Totalprofit(Thetotallossislistedwith“-”) | -891,151,814.37 | 1,582,007,607.04 |
| Less:incometaxexpenses | -249,727.99 | 261,121,317.06 |
| V.Netprofit(Netlossislistedwith“-”) | -890,902,086.38 | 1,320,886,289.98 |
| i.Classifiedbybusinesscontinuity | ||
| 1.Netprofitfromcontinuingoperations(Netlossislistedwith“-”) | -890,902,086.38 | 1,320,886,289.98 |
| 2.Netprofitfromdiscontinuedoperations(Netlossislistedwith“-”) | ||
| ii.Classificationbyownership | ||
| 1.Netprofitattributabletotheowneroftheparentcompany | -890,898,144.05 | 1,320,893,510.33 |
2.Minorityshareholders'gainsandlosses
| 2.Minorityshareholders'gainsandlosses | -3,942.33 | -7,220.35 |
| VI.Netothercomprehensiveincome | ||
| Netothercomprehensiveincomeattributabletotheparentcompanyowner | ||
| Othercomprehensiveincomethatcannotbereclassifiedintoprofitorloss | ||
| Changesfromtheremeasurementofthedefinedbenefitplan | ||
| 2.Othercomprehensiveincomethatcannotbetransferredtoprofitorlossundertheequitymethod | ||
| 3.Changesinfairvalueofotherequityinstruments | ||
| 4.Changesinfairvalueofthecompany'sowncreditrisk | ||
| 5.Other | ||
| ii.Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss | ||
| 1.Othercomprehensiveincomeofconvertibleprofitandlossundertheequitymethod | ||
| 2.Changesinfairvalueofotherdebtinvestments | ||
| 3.Financialassetsreclassifiedintoothercomprehensiveincome | ||
| 4.Creditimpairmentprovisionsofotherdebtinvestment | ||
| 5.Cashflowhedgereserve | ||
| 6.Foreigncurrencyfinancialstatementtranslationdifference | ||
| 7.Other | ||
| Netothercomprehensiveincomeattributabletominorityshareholders | ||
| VII.Totalcomprehensiveincome | -890,902,086.38 | 1,320,886,289.98 |
| Totalcomprehensiveincomeattributabletoownersoftheparentcompany | -890,898,144.05 | 1,320,893,510.33 |
| Totalcomprehensiveincomeattributabletominorityshareholders | -3,942.33 | -7,220.35 |
| VIII.Earningspershare: | ||
| i.Basicearningspershare | -0.14 | 0.21 |
| ii.Dilutedearningspershare | -0.14 | 0.21 |
Ifabusinesscombinationunderthesamecontroloccursinthecurrentperiod,thenetprofitrealizedbythecombinedpartybeforethecombinationis:RMB0.00.Thenetprofitrealizedbythecombinedpartyinthepreviousperiodwas:RMB0.00.
Legalrepresentative:WangZhendongPersoninchargeofaccounting:ShiLeiHeadofaccountingdepartment:LuoXue
(3)Consolidatedcashflowstatementfrombeginningoftheyeartotheendofthereportingperiod
Unit:RMB
Item
| Item | Amountinthecurrentperiod | Amountinthepriorperiod |
| I.Cashflowfromoperatingactivities: | ||
| Cashreceivedfromthesaleofgoodsandservices | 3,764,009,075.38 | 12,630,977,793.14 |
| Netincreaseincustomerdepositsandinterbankdeposits | ||
| Netincreaseinborrowingfromcentralbank | ||
| Netincreaseinfundsborrowedfromotherfinancialinstitutions | ||
| Cashreceivedfromtheoriginalinsurancecontractpremium | ||
| Netcashreceivedfromreinsurancebusiness | ||
| Netincreaseinpolicyholders’depositsandinvestmentfunds | ||
| Cashchargedwithinterest,handlingfeesandcommissions | ||
| Netincreaseinfundsborrowedin | ||
| Netincreaseinrepurchasefunds | ||
| Netcashreceivedfromagentbuyingandsellingofsecurities | ||
| Taxrefund | ||
| Othercashreceivedrelatedtootherbusinessactivities | 82,925,359.00 | 246,310,360.72 |
| Subtotalofcashinflowfromoperatingactivities | 3,846,934,434.38 | 12,877,288,153.86 |
| Cashpaidforthepurchaseofgoodsandservices | 1,272,319,232.44 | 1,241,258,102.15 |
| Netincreaseincustomerloansandadvances | ||
| Netincreaseindepositofcentralbankandinterbank | ||
| Cashpaidfortheoriginalinsurancecontract | ||
| Netincreaseinborrowedfunds | ||
| Cashpaidforinterest,handlingfeesandcommissions | ||
| Cashpaidforpolicydividends | ||
| Cashpaidtoandforemployees | 4,999,319,418.01 | 3,833,750,101.55 |
| Varioustaxespaid | 257,440,759.41 | 200,151,843.84 |
| Othercashpaidforbusinessactivities | 963,675,208.24 | 884,298,006.27 |
Subtotalofcashoutflowsfrombusinessactivities
| Subtotalofcashoutflowsfrombusinessactivities | 7,492,754,618.10 | 6,159,458,053.81 |
| Netcashflowfromoperatingactivities | -3,645,820,183.72 | 6,717,830,100.05 |
| II.Cashflowsfrominvestingactivities: | ||
| Cashreceivedfrominvestmentrecovery | 9,118,641,205.92 | 25,895,487,090.00 |
| Cashreceivedfrominvestmentincome | 234,974,156.04 | 132,306,688.95 |
| Netcashreceivedfromdisposaloffixedassets,intangibleassetsandotherlong-termassets | 162,043.59 | |
| Netcashreceivedfromdisposalofsubsidiariesandotherbusinessunits | ||
| Othercashreceivedrelatedtoinvestingactivities | ||
| Subtotalofcashinflowsfrominvestmentactivities | 9,353,615,361.96 | 26,027,955,822.54 |
| Cashpaidforthepurchaseandconstructionoffixedassets,intangibleassetsandotherlong-termassets | 2,826,593,982.87 | 897,559,659.37 |
| Cashpaidforinvestment | 7,014,720,000.00 | 28,265,198,090.00 |
| Netincreaseinpledgeloans | ||
| Netcashpaidforracquiringsubsidiariesandotherbusinessunits | ||
| Othercashpaidrelatedtoinvestingactivities | 168,828.03 | |
| Subtotalofcashoutflowsfrominvestmentactivities | 9,841,482,810.90 | 29,162,757,749.37 |
| Netcashflowsfrominvestingactivities | -487,867,448.94 | -3,134,801,926.83 |
| III.Cashflowfromfinancingactivities: | ||
| Cashreceivedfrominvestmentabsorption | ||
| Including:cashreceivedfromsubsidiariesinabsorbingminorityshareholders'investment | ||
| Cashreceivedfromtheloan | 4,369,000,000.00 | 3,002,000,000.00 |
| Othercashreceivedrelatedtofundraisingactivities | ||
| Subtotalofcashinflowsfromfinancingactivities | 4,369,000,000.00 | 3,002,000,000.00 |
| Cashpaidfordebtrepayment | 3,499,000,000.00 | 2,641,000,000.00 |
| Cashpaidfordividends,profitsorinterestpayments | 152,324,944.37 | 1,598,605,965.46 |
| Including:dividendsandprofitspaidbysubsidiariestominorityshareholders | ||
| Othercashpaidrelatedtofinancingactivities | 559,203,347.89 | 333,478.85 |
| Subtotalofcashoutflowsfromfinancingactivities | 4,210,528,292.26 | 4,239,939,444.31 |
| Netcashflowfromfinancingactivities | 158,471,707.74 | -1,237,939,444.31 |
| IV.Effectofthechangesoftheexchangerateoncashandtheequivalents |
V.Netincreaseincashandcashequivalents
| V.Netincreaseincashandcashequivalents | -3,975,215,924.92 | 2,345,088,728.91 |
| Add:balanceofcashandcashequivalentsatthebeginningoftheperiod | 5,950,036,489.12 | 2,724,335,001.58 |
| VI.Balanceofcashandcashequivalentsattheendoftheperiod | 1,974,820,564.20 | 5,069,423,730.49 |
2.Explanationontheadjustmentstothefinancialstatements
(1)Adjustmentstothefinancialstatementsatthebeginningofthefirstexecutionyearofthenewstandardsgoverningleasesince2021
√Applicable□NotapplicableWhetheritemslistedinthebalancesheetatbeginningoftheyearneedtobeadjusted
√Yes□NoConsolidatedbalancesheet
Unit:RMB
| Item | December31,2020 | January1,2021 | Adjustments |
| CurrentAssets: | |||
| Monetaryfunds | 5,950,395,089.12 | 5,950,395,089.12 | |
| Settlementreserve | |||
| Lendings | |||
| Transactionalfinancialassets | 983,205,858.25 | 983,205,858.25 | |
| Derivativefinancialassets | |||
| NotesReceivable | |||
| AccountsReceivable | 21,493,637.66 | 21,493,637.66 | |
| Receivablesfinancing | |||
| Prepayments | 2,204,120.00 | 2,204,120.00 | |
| Premiumreceivables | |||
| Accountsreceivablereinsurance | |||
| Reserveforreinsurancereceivablecontracts | |||
| Otherreceivables | 304,318,966.20 | 304,318,966.20 | |
| Inc:Interestreceivables | |||
| Dividendsreceivables | |||
| Buyingbackthesaleoffinancialassets | |||
| Inventories |
Contractassets
| Contractassets | |||
| Assetsheldforsale | |||
| Non-currentassetsduewithinoneyear | 1,985,873,462.75 | 1,985,873,462.75 | |
| Othercurrentassets | 175,179,650.61 | 44,858,022.80 | -130,321,627.81 |
| Totalcurrentassets | 9,422,670,784.59 | 9,292,349,156.78 | -130,321,627.81 |
| Non-currentassets: | |||
| LoansandAdvances | |||
| Debtinvestments | |||
| Otherdebtinvestments | |||
| Long-termreceivables | |||
| Long-termequityinvestment | |||
| Otherequityinvestment | 152,800,000.00 | 152,800,000.00 | |
| Othernon-currentfinancialassets | 208,450,315.01 | 208,450,315.01 | |
| Investmentproperties | 668,014,515.82 | 668,014,515.82 | |
| Fixedassets | 1,612,792,592.67 | 1,612,792,592.67 | |
| Constructioninprogress | 214,248,125.04 | 214,248,125.04 | |
| Productivebiologicalassets | |||
| Oilandgasassets | |||
| Right-of-useassets | 1,491,006,998.14 | 1,491,006,998.14 | |
| Intangibleassets | 426,352,455.75 | 426,352,455.75 | |
| Developmentexpenditure | |||
| Goodwill | 99,867,720.38 | 99,867,720.38 | |
| Long-termprepaidexpense | 440,955,377.93 | 412,508,666.20 | -28,446,711.73 |
| Deferredtaxassets | 21,606,436.77 | 21,606,436.77 | |
| Othernon-currentassets | 1,151,091,703.31 | 1,151,091,703.31 | |
| Totalnon-currentassets | 4,996,179,242.68 | 6,458,739,529.09 | 1,462,560,286.41 |
| Totalassets | 14,418,850,027.27 | 15,751,088,685.87 | 1,332,238,658.60 |
| Currentliabilities: | |||
| Short-termborrowings | 3,976,019,329.22 | 3,976,019,329.22 | |
| Borrowingfromthecentralbank | |||
| Borrowingsfrombanksandotherfinancialinstitutions | |||
| Transactionalfinancialliabilities | |||
| Derivativefinancialliabilities |
Notespayable
| Notespayable | |||
| Accountspayable | 211,824,402.86 | 211,824,402.86 | |
| Depositreceived | |||
| Contractliabilities | 4,925,428,309.33 | 4,925,428,309.33 | |
| Financialassetssoldforrepurchase | |||
| Absorbingdepositsandinterbankdeposits | |||
| Actingtradingsecurities | |||
| Actingunderwritingsecurities | |||
| Payrollpayable | 637,448,433.99 | 637,448,433.99 | |
| Taxespayable | 131,111,770.78 | 131,111,770.78 | |
| Otherpayable | 9,479,383.03 | 9,479,383.03 | |
| Including:interestpayable | |||
| Dividendpayable | |||
| Feesandcommissionspayable | |||
| Reinsuranceaccountspayable | |||
| Liabilitiesheld-for-sale | |||
| Non-currentliabilitiesduewithinoneyear | 699,372,590.26 | 699,372,590.26 | |
| Othercurrentliabilities | 147,765,156.66 | 147,765,156.66 | |
| Totalcurrentliabilities | 10,039,076,785.87 | 10,738,449,376.13 | 699,372,590.26 |
| Non-currentliabilities: | |||
| Insurancecontractreserve | |||
| Long-termloan | |||
| Bondspayable | |||
| Bondspayable_preferredstock | |||
| Bondspayable_perpetualbond | |||
| Leaseliabilities | 632,866,068.34 | 632,866,068.34 | |
| Long-termpayables | |||
| Long-termsalarypayable | |||
| Estimatedliabilities | |||
| Deferredincome | |||
| Deferredtaxliability | 104,677,444.59 | 104,677,444.59 |
Othernon-currentliabilities
| Othernon-currentliabilities | |||
| Totalnon-currentliabilities | 104,677,444.59 | 737,543,512.93 | 632,866,068.34 |
| TotalLiabilities | 10,143,754,230.46 | 11,475,992,889.06 | 1,332,238,658.60 |
| Owners'equity: | |||
| Sharecapital | 103,807,623.00 | 103,807,623.00 | |
| Otherequityinstruments | |||
| Otherequityinstruments_preferredstock | |||
| Otherequityinstruments_perpetualbond | |||
| Capitalreserve | 1,225,481,049.50 | 1,225,481,049.50 | |
| Less:Treasurystock | |||
| Othercomprehensiveincome | 30,000,000.00 | 30,000,000.00 | |
| Specialreserve | |||
| Surplusreserves | 45,000,000.00 | 45,000,000.00 | |
| Generalriskpreparation | |||
| Undistributedprofits | 2,870,839,120.70 | 2,870,839,120.70 | |
| Totalowner'sequityattributabletotheparentcompany | 4,275,127,793.20 | 4,275,127,793.20 | |
| Minorityshareholders'equity | -31,996.39 | -31,996.39 | |
| Owners'equity | 4,275,095,796.81 | 4,275,095,796.81 | |
| Liabilitiesandowner'sequity | 14,418,850,027.27 | 15,751,088,685.87 | 1,332,238,658.60 |
Explanationontheadjustments
(2)Descriptionofretroactiveadjustmentofcomparativedataintheearlystagebythenewleasestandardinitiallyimplementedsince2021
□Applicable√Notapplicable
3.Auditor’sreportWhetherthisThirdQuarter2021Reporthasbeenaudited
□Yes√NoTheCompany’sThirdQuarter2021Reporthasnotbeenaudited.
BoardofDirectorsofOffcnEducationTechnologyCo.,Ltd.
October29,2021