Stock Code：002607 Stock Abbr.：OFFCN EDU Announcement No.:2021-057
Offcn Education Technology Co., Ltd.2021 Semi-Annual Report SummaryI. Important Notes
This summary is extracted from the full semi-annual report. In order to fully understand the Company's operating results, financialstatus and future development plan, investors should read the full semi-annual report carefully disclosed on the media designated bythe China Securities Regulatory Commission (CSRC).All directors of the Company personally attended the board meeting to review this semi-annual report.Notes of non-standard audit opinion
□ Applicable √ Not applicable
The plan for the common stock profit distribution or the plan for converting reserved funds into share capital during the reportingperiod was reviewed by the board meeting
□ Applicable √ Not applicable
There is no plan of cash bonus, dividend distribution and capitalizing of common reserves carried out by the CompanyThe plan for the distribution of preferred stock profits during the reporting period is adopted by the board of directors throughresolution.
□ Applicable √ Not applicable
II. Basic Situation of the Company
1. Company Profile
Stock Abbreviation
| Stock Abbreviation | OFFCN EDU | Stock Code | 002607 |
| Stock Exchange for Stock Listing | Shenzhen Stock Exchange | ||
| Contact Person and Contact Information | Secretary of the Board | Representative of Securities Affairs | |
| Name | Gui Hongzhi | Gu Pan | |
| Address | Block B, Hanhua Century Mansion, No.23 Xueqing Road, Haidian District, Beijing, China | Block B, Hanhua Century Mansion, No.23 Xueqing Road, Haidian District, Beijing, China | |
| Tel | 010-83433677 | 010-83433677 | |
| ir@offcn.com | ir@offcn.com | ||
2. Key Accounting Information and Financial Indicators
Does the Company need to adjust its financial information retrospectively or restate its previous year accounting information?
□ Yes √ No
| During the Reporting Period | Same Period of the Previous Year | Increase/Decrease Over Same Period of the Previous Year | |
| Revenue (RMB) | 4,855,998,263.50 | 2,807,980,480.60 | 72.94% |
| Net profit attributable to shareholders of the parent company (RMB) | -97,162,509.03 | -233,026,645.16 | 58.30% |
| Net profit after deducting non-recurring profit or loss attributable to shareholders of the parent company (RMB) | -169,905,023.78 | -367,542,382.83 | 53.77% |
| Net cash flow from operating activities (RMB) | -939,091,457.95 | 4,063,675,504.19 | -123.11% |
| Basic earnings per share (RMB/share) | -0.02 | -0.04 | 50.00% |
| Diluted earnings per share (RMB/share) | -0.02 | -0.04 | 50.00% |
| Weighted average return on net assets | -2.30% | -9.00% | 6.70% |
| At the end of this reporting period | At the end of the previous year | Increase/Decrease over the end of the previous year | |
| Total assets (RMB) | 14,170,766,300.30 | 14,418,850,027.27 | -1.72% |
| Total equity attributable to shareholders of the parent company (RMB) | 4,177,965,284.17 | 4,275,127,793.20 | -2.27% |
3. Number of Shares and Shareholders
Unit: share(s)
| Total number of common shareholders at the end of reporting period | 87,198 | Total number of preferred shareholders with restored voting rights at 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 (%) | Shares held | Number of shares held with sales restrictions | Pledged or frozen | ||
| Status of shares | Amount | ||||||
| Lu Zhongfang | Domestic natural person | 41.36% | 2,550,549,260 | 2,550,549,260 | Pledged | 450,000,000 | |
| Li Yongxin | Domestic natural Person | 18.35% | 1,131,415,121 | 1,085,063,560 | Pledged | 423,501,561 | |
| Wang Zhendong | Domestic natural person | 15.51% | 956,447,318 | 727,935,989 | Pledged | 250,089,966 | |
| Beijing Aerospace | Domestic non-state- | 4.24% | 261,280,477 | 0 | |||
IndustryInvestmentFund(LimitedPartnership)
| Industry Investment Fund(Limited Partnership) | owned legal person | |||||
| Beijing Kirui Venture Investment Center(Limited Partnership) | Domestic non-state-owned legal person | 1.44% | 89,117,723 | 89,117,723 | ||
| Beijing Offcn Future Information Consulting Center(Limited Partnership) | Domestic non-state-owned legal person | 1.30% | 80,000,000 | 0 | ||
| Zhou Xiayun | Domestic natural person | 1.28% | 78,848,640 | 0 | Pledged | 48,500,000 |
| Zhou Hui | Domestic natural person | 1.17% | 72,277,920 | 0 | Pledged | 12,410,000 |
| Beijing Guangyin Venture Investment Center (Limited Partnership) | Domestic non-state-owned legal person | 1.04% | 64,355,896 | 0 | ||
| Hong Kong Securities Clearing Co.,Ltd. | Overseas legal person | 1.04% | 63,981,550 | 0 | ||
| Explanation on the related relationship and concerted actions among the above-mentioned shareholders | The controlling shareholders and the actual controllers of the Company Lu Zhongfang and Li Yongxin are mother and son. Lu Zhongfang, Li Yongxin and Beijing Offcn Future Information Consulting Center (Limited Partnership) are acting in concert. Zhou Xiayun and Zhou Hui are father and son. The Company does not know whether the other shareholders are related parties or whether they are acting-in-concert parties. | |||||
| Explanation on the top 10 shareholders’ participation in margin financing (if any) | N/A | |||||
4.Changes of controlling shareholders or actual controller
Controlling shareholder changed in the period
□ Applicable √ Not applicable
Controlling shareholders had no change in reporting period.Actual controller changed in the period
□ Applicable √ Not applicable
Actual controller had no change in reporting period
5.The total number of preferred shareholders and the top 10 preferred shareholders' shareholdings of theCompany
□ Applicable √ Not applicable
During the reporting period, the Company did not have preferred stockholders holding shares.
6.Corporate Bonds
□ Applicable √ Not applicable
III. Significant EventsThe progress of the Company’s non-public matters:
The Company held the Company’s board of directors, board of supervisors, and the third extraordinary general meeting ofshareholders in 2020 on November 23, 2020 and December 9, 2020, reviewed and approved the Proposal on the Company’sCompliance with the Conditions for Non-public Issuance of A Shares, Proposal on the Company’s Plan of Non-Public Issuance of AShares, and Proposal on the Company's Proposal of Non-Public Issuance of A Shares and other proposals related to this non-publicissuance.On December 30, 2020, the Company announced the Announcement on the Acceptance of Applications for Non-public Issuance ofShares by the China Securities Regulatory Commission (Announcement No.: 2020-052).On January 8, 2021, the Company announced the Notice on Receiving the First Feedback from the China Securities RegulatoryCommission's Administrative Licensing Project Review (Announcement Number: 2021-002).On January 27, 2021, the Company announced the Report on the Reply to the First Feedback Notice from the China SecuritiesRegulatory Commission Administrative Licensing Project Review and other documents.On the same day, the Company also announced the adjustments to the non-public issuance plan including the Revised Proposal forNon-public Issuance of A Shares reviewed and approved at the 17th meeting of the Fifth Board of Directors and the 14th Meeting ofthe Fifth Supervisory Committee.On May 18, 2021, the Company announced the Announcement on the Revised Reply to the First Feedback Notice from the ChinaSecurities Regulatory Commission Administrative Licensing Project Review, the Notice on Receiving the Second Feedback from theChina Securities Regulatory Commission's Administrative Licensing Project Review and other documents.On May 29, 2021, the Company announced the Report on the Reply to the Second Feedback Notice from the China SecuritiesRegulatory Commission Administrative Licensing Project Review and other documents. On the same day, the Company alsoannounced the adjustments to the non-public issuance plan including the Second Revised Proposal for Non-public Issuance of AShares reviewed and approved at the 19th meeting of the Fifth Board of Directors and the 16th Meeting of the Fifth SupervisoryCommittee.On June 5, 2021, the Company issued the Announcement on the Revised Reply to the Second Feedback Notice from the China
Securities Regulatory Commission Administrative Licensing Project Review and other documents.On June 16, 2021, the Company’s non-public matters were reviewed and approved by the Issuance Review Committee of the ChinaSecurities Regulatory Commission.Regarding the follow-up progress of the Company's non-public issuance of shares, the Company will perform its informationdisclosure obligations in a timely manner in accordance with the requirements of relevant laws and regulations.