StockCode:002607StockAbbr.:OFFCNEDUAnnouncementNo.:2022-066OFFCNEDUCATIONTECHNOLOGYCO.,LTD.
ThirdQuarter2022Report
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.ThisReportispreparedandpublishedinChineseandEnglishversions.ShouldtherebeanyinconsistencybetweentheChineseversionandEnglishversion,theChineseversionshallprevail.Currentreportingperiod
| Currentreportingperiod | Increase/decreaseincurrentreportingperiodoverthesameperiodofthepreviousyear | Frombeginningoftheyeartotheendofthisreportingperiod | Increase/decreasefrombeginningoftheyeartotheendofthisreportingperiodoverthesameperiodofthepreviousyear | |
| Operatingincome(RMB) | 1,667,177,321.53 | 15.36% | 3,893,882,283.64 | -38.20% |
| NetprofitattributabletoshareholdersofthelistedCompany(RMB) | 68,240,054.31 | 108.60% | -822,691,656.02 | 7.66% |
| NetprofitattributabletoshareholdersofthelistedCompanyafterdeductingnon-recurringgainsandlosses(RMB) | 62,707,787.41 | 107.86% | -840,931,516.85 | 13.13% |
| Netcashflowfromoperatingactivities(RMB) | — | — | 1,589,638,866.89 | 143.60% |
| Basicearningspershare(RMB/share) | 0.01 | 108.33% | -0.13 | 7.14% |
| Dilutedearningspershare(RMB/share) | 0.01 | 108.33% | -0.13 | 7.14% |
| Weightedaveragereturnonnetassets | 6.04% | 27.01% | -55.68% | -32.42% |
| Endofthecurrentreportingperiod | Endofthepreviousyear | Increase/decreaseattheendofcurrentreportingperiodoverendofthepreviousyear | ||
| Totalassets(RMB) | 8,225,666,651.05 | 10,305,183,525.70 | -20.18% | |
| Owner'sequityattributabletoshareholdersofthelistedCompany(RMB) | 1,066,127,098.18 | 1,888,818,754.20 | -43.56% | |
2.Itemsandamountofnon-recurringgainsandlosses
√Applicable□Notapplicable
Unit:RMB
| Items | Amountofcurrentreportingperiod | Amountfrombeginningoftheyeartoendofthereportingperiod | Note |
| Disposalgainsorlossesofnon-currentassets(includingtheoffsetpartoftheprovisionforassetimpairment) | 230,851.51 | 289,728.74 | |
| Governmentsubsidiesincludedinthecurrentgainsandlosses(excepttheonesthatarecloselyrelatedtothenormalbusinessoftheenterprise,andareenjoyedfixedly,quantitativelyandcontinuouslyinaccordancewithnationalpoliciesandcertainstandards) | 4,290,258.98 | 22,724,394.98 | |
| Gainsorlossesfromentrustingotherstoinvestormanageassets | 2,485,466.43 | 8,096,711.30 | |
| Gainsorlossesonchangesinfairvaluearisingfromthepossessionoftransactionalfinancialassetsandtransactionalfinancialliabilities;andtheinvestmentincomefromthedisposaloftransactionalfinancialassets,transactionalfinancialliabilities,andavailable-for-salefinancialassets,excepttheeffectivehedgingbusinessrelatedtotheCompany’snormalbusinessoperations | -9,459.63 | -3,445,201.84 | |
| Othernon-operatingincomeandexpensesexcepttheitemsabove | -413,863.85 | -4,786,252.04 | |
| Less:Impactonincometax | 1,050,986.54 | 4,639,520.31 | |
| Total | 5,532,266.90 | 18,239,860.83 | -- |
Detailsofothergainsorlossesitemsthatmeetthedefinitionofnon-recurringgainsandlosses:
□Applicable√NotapplicableTheCompanyhasnoothergainsorlossesitemsthatmeetthedefinitionofnon-recurringgainsandlosses.
Provideexplanationsforclassifyingitemsofnon-recurringgainsandlossesdefinedorlistedintheExplanatoryAnnouncementNo.1forPublicCompanyInformationDisclosures–Non-recurringProfitsandLossesasitemsofrecurringgainsandlosses.
□Applicable√NotapplicableThereisnosuchcasewheretheCompanyclassifiesnon-recurringgainsandlossesitemsthatarelistedintheExplanatoryAnnouncementNo.1forPublicCompanyInformationDisclosures–Non-recurringProfitsandLossesasitemsofrecurringgainsandlosses.
3.Casesandreasonsforfluctuationofkeyaccountinginformationandfinancialindicators
√Applicable□Notapplicable
| Itemsofbalancesheet | Amountattheendoftheperiod(RMB) | Amountatthestartoftheperiod(RMB) | Growth | Note |
| Monetaryfund | 457,156,536.88 | 1,970,361,272.64 | -76.80% | Mainlyduetotherepaymentofbankloansdueinthecurrentperiod. |
| Transactionalfinancialassets | 1,003,774.25 | 346,726,621.74 | -99.71% | Mainlyduetotheredemptionoffinancialproductsduetomaturity. |
| Othercurrentassets | 15,881,814.78 | 36,959,129.80 | -57.03% | Mainlyduetothedecreaseintheexpectedsettlementamount. |
| Deferredtaxassets | 565,864,148.34 | 424,027,271.38 | 33.45% | Mainlyduetotheprovisionofdeferredincometaxassetsinthecurrentperiod. |
| Short-termborrowings | 200,202,500.00 | 3,152,945,812.59 | -93.65% | Mainlyduetotherepaymentofbankloansdueinthecurrentperiod. |
| Contractliabilities | 4,735,981,166.46 | 3,063,721,290.28 | 54.58% | Mainlyduetothedelayintherecognitionofincomeandthecorrespondingdelayofrefundfortheagreementclass,resultedfromthepostponementofthecivilservantprovincialjointexaminationinthecurrentperiod. |
| Payrollpayable | 566,492,240.39 | 422,886,856.60 | 33.96% | MainlyduetotheunpaidpayrollpayableandthedelayinpaymentofSocialSecurityandHousingFundduringthepandemic. |
| Taxespayable | 30,560,896.71 | 12,566,751.84 | 143.19% | Mainlyduetotheprovisionofvalue-addedtaxandadditionaltaxontheincomeinQ12022. |
| Othercurrentliabilities | 142,079,434.99 | 91,925,853.39 | 54.56% | MainlyduetotheincreaseinthebalanceofcontractliabilitiesattheendofQ32022comparedwiththatinthebeginningoftheyear. |
| Itemsofincomestatement | Amountinthecurrentperiod | Amountinthepreviousperiod | Growth | Note |
| Operatingincome | 3,893,882,283.64 | 6,301,194,119.42 | -38.20% | Mainlyduetothedecreaseinoperatingincomeinthefirstthreequartersof2022duallyimpactedbycontinuousCovid-19preventionandcontrolandthepostponementofprovincialexaminations. |
| Operatingcost | 2,420,963,306.46 | 3,588,626,072.16 | -32.54% | Mainlyduetothedecreasednumberofface-to-faceclassesinfluencedbythebreakoutofpandemicinmanyprovincesandcitiesinthisperiod,thereductionoflaborexpenseswiththedecreasednumberofteachersandthedecreasedperformance-basedsalaryofemployeesimpactedbyoperatingloss. |
| Managementfees | 687,206,762.68 | 1,036,022,099.40 | -33.67% | Mainlyduetothereductionoflaborexpensesonmanagementpersonnelandthedecreasedperformance-basedsalaryofemployeesimpactedbyoperatingloss. |
| R&Dfees | 482,232,337.63 | 835,716,194.57 | -42.30% | MainlyduetothedecreasedlaborexpensesonR&DpersonnelresultedfromtheoptimizationofR&DstaffandthereductionofR&Dpersonnelfornon-corebusiness,andthedecreasedperformance-basedsalaryofemployeesimpactedbyoperatingloss. |
| Financialexpenses | 201,860,046.51 | 383,556,345.64 | -47.37% | Mainlyduetothedecreaseinbankloaninterestandfinancialinstitutionservicefeeinthecurrentperiod. |
| Otherincome | 41,968,144.89 | 67,843,227.07 | -38.14% | Mainlyduetothetaxincentivesinthepreviousyearincludedinotherincome. |
| Investmentincome | 302,234.51 | 74,689,765.65 | -99.60% | Mainlyduetothedecreaseinincomefromfinancialproductsandtheredemptionoffixtermdeposit. |
| Expectedcreditloss | -8,956,614.08 | -2,013,158.79 | 344.90% | Mainlyduetotheincreaseinbaddebtprovision. |
| Non-operatingexpenses | 4,786,252.04 | 886,108.68 | 440.14% | Mainlyduetothenewfinesinthecurrentperiod. |
| Incometaxexpenses | -147,222,566.32 | -249,727.99 | 58853.17% | Mainlyduetotheprovisionofdeferredincometaxassetsinthecurrentperiod. |
| Cashflowstatementitems | Amountincurrentperiod | Amountinpreviousperiod | Growth | Note |
| Cashreceivedfromsalesofgoodsandrenderingofservices | 5,730,000,312.04 | 3,764,009,075.38 | 52.23% | MainlyduetothefactthattheamountreceivedinQ32021islessthanthatofrefunds,resultinginanegativenumberfortheperiodof“Cashreceivedfromsalesofgoodsandrenderingofservices”. |
| Othercashreceivedrelatedtooperatingactivities | 50,093,501.17 | 82,925,359.00 | -39.59% | Mainlyduetothedecreaseininterestincome. |
| Cashforpurchasinggoodsandacceptinglaborservices | 605,787,718.06 | 1,272,319,232.44 | -52.39% | Mainlyduetothedecreaseofstart-classfeesandtravelexpense,causedbythedecreasednumberofface-to-faceclassesinfluencedbythebreakoutofpandemicinmanyprovincesandcitiesinthisperiod. |
| Cashpaidtoandforemployees | 2,994,758,849.49 | 4,999,319,418.01 | -40.10% | Mainlyduetothedecreaseinthenumberofemployeesinthecurrentperiod,andthedecreasedperformance-basedsalaryofemployeesimpactedbyoperatingloss. |
| Taxpayment | 102,676,276.01 | 257,440,759.41 | -60.12% | Mainlyduetothedecreaseintaxespaidbecauseofthedecreaseincurrentincome. |
| Paymentofothercashrelatedtooperatingactivities | 487,232,102.77 | 963,675,208.24 | -49.44% | Mainlyduetothereductionofexpensesonmarketinganddailymanagementandoperation,bycarryingoutthemeasuresofreducingcostsandincreasingefficiencyintheCompanyduringthecurrentperiod. |
| Cashreceivedfromrecoveryofinvestments | 473,468,673.81 | 9,118,641,205.92 | -94.81% | Mainlyduetothedecreaseinshort-termfinancialproductpurchasedandthecorrespondingreductioninfinancialproductredemptioninthecurrentperiod. |
| Cashreceivedfrominvestmentincome | 9,809,931.29 | 234,974,156.04 | -95.83% | Mainlyduetothedecreaseinthefinancialproductpurchasedinthecurrentperiodandthecorrespondingdecreaseinincomefromthefinancialproduct. |
| Cashpaidforthepurchaseandconstructionoffixedassets,intangibleassetsandotherlong-termassets | 107,941,393.57 | 2,826,593,982.87 | -96.18% | Mainlyduetothepurchaseoflanduserightsinthesameperiodofthepreviousyear. |
| Cashpaidforinvestments | 124,141,028.16 | 7,014,720,000.00 | -98.23% | Mainlyduetothedecreaseinthepurchaseofshort-termfinancialproductinthecurrentperiod. |
| Cashreceivedfromtheloan | 4,369,000,000.00 | -100.00% | Mainlyduetozeronewloansfromfinancialinstitutionsinthecurrentperiod. | |
| Cashpaidfordividends,profitsorinterestpayments | 50,716,278.78 | 152,324,944.37 | -66.71% | Mainlyduetothedecreaseininterestexpenseonbankborrowingsinthecurrentperiod. |
| Othercashpaidrelatedtofinancingactivities | 353,781,444.16 | 559,203,347.89 | -36.73% | Mainlyduetothedecreaseinhousingleasepaymentsinthecurrentperiod. |
SectionII.Shareholders
1.Tableonthetotalnumberofcommonshareholdersandpreferredshareholderswithrestoredvoting
rightsandsharesheldbythetop10shareholders
Unit:share(s)
| Totalnumberofcommonshareholdersattheendofreportingperiod | 162,755 | Totalnumberofpreferredshareholderswithrestoredvotingrightsatendofthereportingperiod(ifany) | 0 | |||
| Particularsaboutsharesheldbythetop10shareholders | ||||||
| Nameofshareholder | Natureofshareholder | Shareholdingpercentage(%) | Numberofshares | Numberofsharesheldwithsalesrestrictions | Pledged,markedorfrozen | |
| Statusofshares | Numberofshares | |||||
| LuZhongfang | Domesticnaturalperson | 41.36% | 2,550,549,260.00 | 2,550,549,260.00 | Pledged | 1,437,543,359.00 |
| LiYongxin | Domesticnaturalperson | 18.35% | 1,131,415,121.00 | 1,131,070,121.00 | Pledged | 791,586,641.00 |
| WangZhendong | Domesticnaturalperson | 13.83% | 852,885,418.00 | 639,664,063.00 | Pledged | 424,793,884.00 |
| BeijingOffcnFutureInformationConsultingCenter(LimitedPartnership) | Domesticnon-state-ownedlegalperson | 1.30% | 80,000,000.00 | 0 | ||
| ZhouXiayun | Domesticnaturalperson | 1.28% | 78,848,640.00 | 0 | Pledged | 36,000,000.00 |
| BeijingAerospaceIndustryInvestmentFund(LimitedPartnership) | Domesticnon-state-ownedlegalperson | 1.24% | 76,263,495.00 | 0 | ||
| ZhouHui | Domesticnaturalperson | 1.03% | 63,545,974.00 | 0 | Pledged | 19,000,000.00 |
| BeijingKeruiTechnologyInnovationInvestmentCenter(LimitedPartnership) | Domesticnon-state-ownedlegalperson | 0.89% | 54,887,323.00 | 0 | ||
| ZhouLi | Domesticnaturalperson | 0.75% | 46,341,580.00 | 0 | ||
| BeijingGuangyinVentureCapitalCenter(LimitedPartnership) | Domesticnon-state-ownedlegalperson | 0.64% | 39,228,952.00 | 0 | ||
| Particularsaboutsharesheldbythetop10shareholderswithoutsalesrestrictions | ||||||
| Nameofshareholder | Numberofsharesheldwithoutsalesrestrictions | Typeofshares | ||||
| Typeofshares | Numberofshares | |||||
| WangZhendong | 213,221,355.00 | RMBcommonshares | 213,221,355.00 | |||
| BeijingOffcnFutureInformationConsultingCenter(LimitedPartnership) | 80,000,000.00 | RMBcommonshares | 80,000,000.00 | |
| ZhouXiayun | 78,848,640.00 | RMBcommonshares | 78,848,640.00 | |
| BeijingAerospaceIndustryInvestmentFund(LimitedPartnership) | 76,263,495.00 | RMBcommonshares | 76,263,495.00 | |
| ZhouHui | 63,545,974.00 | RMBcommonshares | 63,545,974.00 | |
| BeijingKeruiTechnologyInnovationInvestmentCenter(LimitedPartnership) | 54,887,323.00 | RMBcommonshares | 54,887,323.00 | |
| ZhouLi | 46,341,580.00 | RMBcommonshares | 46,341,580.00 | |
| BeijingGuangyinVentureCapitalCenter(LimitedPartnership) | 39,228,952.00 | RMBcommonshares | 39,228,952.00 | |
| HongKongSecuritiesClearingCompanyLtd.(HKSCC) | 26,307,043 | RMBcommonshares | 26,307,043 | |
| YangShaofeng | 24,062,680.00 | RMBcommonshares | 24,062,680.00 | |
| Descriptionoftherelationshiporconcertedactionamongtheabovementionedshareholders | TheCompany'scontrollingshareholderandactualcontrollerLuZhongfangandLiYongxinareinamother-sonrelationship.LuZhongfang,LiYongxin,andBeijingOffcnFutureInformationConsultingCenter(LimitedPartnership)constitutepersonsactinginconcert.ZhouXiayunandZhouHuihaveafather-sonrelationship.ZhouXiayunandZhouLihaveafather-daughterrelationship.Itisunknownwhetherthereisanassociatedrelationshipamongtheabove-mentionedothershareholders,norwhethertheabove-mentionedshareholdersbelongtothepartiesactinginconcertasstipulatedintheAdministrativeMeasuresonInformationDisclosureofShareholdingChangesinListedCompanies. | |||
| Descriptionofthetop10shareholdersparticipatinginthemargintrading(ifany) | None | |||
2.Tableonthetotalnumberofpreferredshareholdersandsharesheldbythetop10preferredshareholders
□Applicable√NotApplicable
SectionIII.Othersignificantevents
√Applicable□Notapplicable
1.OverviewoftheCompany’soperationsinthethirdquarterof2022
Duringthereportingperiod,underthebackgroundofimplementingepidemicpreventionandcontrolmeasuresregularlyandprecisely,therecruitmentexaminationsresumedinanorderlymanner,andtheCompany'straineesenrollmentandteachingactivitiesalsoreturnedtonormal.Thependingrevenuetoberecognizedduetoexamsdelayhasbeenpartiallyreleasedinthethirdquarter.Atthesametime,theCompanyfocusedonbenefitandactivelypromotedoperations.TheCompany'sQ3performanceachievedbothyear-on-yearandmonth-on-monthturnroundfromlosses.Duringthereportingperiod,theCompanyrealizedanet
profitofRMB68millionattributabletoshareholdersofthelistedcompanyinQ3,ayear-on-yearincreaseof108.6%andamonth-on-monthincreaseof115.98%.
1)Regardingrevenue,withtheresumptionofrecruitmentexaminations,theCompany'sbusinessvolumeandoperatingincomegraduallyimproved.TheCompanyhassetupanInnovationStrategyResearchInstitute,focusingonstrengthening,supplementingandextendingthechainofvocationaltrainingindustry,deeplystudyingandoptimizingthecurriculumsystem,andconsistentlycarryingoutthestrengtheningandrefinementmeasuresduringthetrainingforeachsequenceofexaminationsinthethirdquarter,whicheffectivelyfacilitatedtheCompany'sbusinessimprovement.Inthethirdquarter,theoperatingincomewasRMB1.667billion,ayear-on-yearincreaseof15.36%,includingRMB642millionfromonlinetrainingrevenue,a29.36%increaseonanannualbasis.
2)Regardingcost,theCompanycontinuedtopromoteleanoperationandcostcontrol.Inthethirdquarter,theCompany'ssalesexpensesdecreasedby25.45%year-on-year,andmanagementexpensesdecreasedby49.75%year-on-year.Theeffectofreducingcostsandincreasingefficiencyhasinitiallyappeared.
Infuture,theCompanywillmaintainaprudentandstablebusinessstrategy,promotethedigitalizationofvocationaleducationbyacceleratingtheupdateofonlinecurriculumsystemwithDolbyAtmosandcontinuouslyexploreandconductvocationaltrainingandsimulationpracticeinnewprofessionsandnewbusinessmodels.Meanwhile,theCompanywillconsistentlyfostermanagementinnovationanddevelopa“IntegratingOrderwithPersonnel,andJointlyCreatingaWin-WinSituation”managementmodeadaptabletotheInternetage,toreducecostsandincreaseefficiency.TheCompanywillalsojudgeandrespondtomarketrisksinatimelymannerandhedgeagainstthepandemicanditsderivativerisksbyadjustingstructuralproductsandacceleratingthedevelopmentofvocationaleducationtofulfillthebusinessboostplanin2022.
2.Otherimportantevents
OnDecember15,2021,theCompanyreceivedtheNoticeofFiling(No.SRFiling0232021010)fromtheCSRCforbeingsuspectedoffailingtodiscloserelated-partytransactioninformationandviolatingthelawsandregulationsofinformationdisclosure.
OnApril27,2022,theCompanyandtherelevantpartiesreceivedtheofficialDecisionofAdministrativePenaltyfromtheAnhuiSecuritiesRegulatoryBureau,whichdeterminesOffcnEdu,itssubsidiariesBeijingOffcnEducationTechnologyCo.,Ltd.andLiaoningZhongchengRealEstateDevelopmentCo.,Ltd.constitutearelated-partyrelationshipwithShaanxiGuanchengIndustrialCo.,Ltd.,BeijingChuangshengConstructionDecorationEngineeringCo.,Ltd.,ShanghaiBeidingNetworkTechnologyCo.,Ltd.,Ji'anJingkaiLixiangxueFinancialInformationServiceCo.,Ltd.andLiaoningHanhuiIndustrialCo.,Ltd..ThetotalamountinvolvedinrelatedtransactionswasRMB1232.395million,includingRMB196.335millioninyear2019andRMB
1036.06millioninyear2020,whichaccountedfor6.65%and30.19%ofthenetassetsofOffcnEduinthelatestperiodrespectively.TheCompanydidnotdisclosetheabove-mentionedinformationinaccordancewithrelevantlawsandregulationsandthereexistedmajoromissionsoftheCompany’sinformationdisclosure.AwarningwasgiventoandafinewasimposedontheCompanyandtherelevantpersonsresponsibleforthesituation,andcorrespondingrectificationwasrequired.Specificinformationisstatedintheannouncement(No.2022-032)disclosedbytheCompanyonCNINFO(www.cninfo.com.cn)andotherdesignatedmediaforinformationdisclosure.
OnAugust24,2022,theCompanyandcorrespondingpartiesreceivedtheDecisiononPubliclyReproachingOffcnEducationTechnologyCo.,Ltd.andCorrespondingPartiesissuedbyShenzhenStockExchange.TheDecisiondeterminedthataccordingtothefactsidentifiedintheDecisionofAdministrativePenalty([2022]No.1)issuedbyAnhuiSecuritiesRegulatoryBureauoftheChinaSecuritiesRegulatoryCommission,theCompanyandcorrespondingpartiesaresuspectedofthefollowingviolations:theCompanyanditssubsidiariesBeijingOffcnEducationTechnologyCo.,Ltd.,LiaoningZhongchengRealEstateDevelopmentCo.,Ltd.andrelatedpartiesBeijingChuangshengConstructionDecorationEngineeringCo.,Ltd.,ShanghaiBeidingNetworkTechnologyCo.,Ltd.,Ji'anJingkaiLixiangxueFinancialInformationServiceCo.,Ltd.,LiaoningHanhuiIndustrialCo.,Ltd.andShaanxiGuanchengIndustrialCo.,Ltd.involvedtransactionsofatotalamountofRMB1232.395million,includingRMB196.335millionin2019andRMB1036.06millionin2020,respectivelyaccountingfor6.65%and30.19%oftheCompany'slatestauditednetassets.Regardingtheabovematters,theCompanyfailedtoperformthereviewproceduresandinformationdisclosureobligationsinaccordancewithrelatedpartytransactions,andtheCompanyandcorrespondingpartiesweregivenpubliccondemnation.
SectionIV.Financialstatementsofthefirstthreequarters
1.Financialstatements
(1)ConsolidatedbalancesheetCompany:OffcnEducationTechnologyCo.,Ltd.
September30,2022
Unit:RMB
| Item | September30,2022 | January1,2022 |
| Currentassets: | ||
| Monetaryfunds | 457,156,536.88 | 1,970,361,272.64 |
| Settlementreserve | ||
| Lendings | ||
| Transactionalfinancialassets | 1,003,774.25 | 346,726,621.74 |
| Derivativefinancialassets | ||
| Notesreceivable | ||
| Accountsreceivable | 41,582,561.53 | 40,374,842.27 |
| Receivablesfinancing | ||
| Prepayments | 1,730,742.03 | 1,438,350.00 |
| Premiumreceivable | ||
| Accountsreceivablereinsurance | ||
| Reserveforreinsurancereceivablecontracts | ||
| Otherreceivables | 204,042,845.01 | 219,501,061.83 |
| Including:interestreceivable | ||
| Dividendreceivable | ||
| Buyingbackthesaleoffinancialassets | ||
| Inventory | ||
| Contractassets | ||
| Assetsheld-for-sale | ||
| Non-currentassetsduewithinoneyear | ||
| Othercurrentassets | 15,881,814.78 | 36,959,129.80 |
| Totalcurrentassets | 721,398,274.48 | 2,615,361,278.28 |
| Non-currentassets: | ||
| Loansandadvances | ||
| Debtinvestment | 7,058,993.55 | |
| Otherdebtinvestment | ||
| Long-termreceivables | ||
| Long-termequityinvestment | 37,342,667.62 | 46,850,364.40 |
| Otherequityinvestment | 130,400,000.00 | 130,400,000.00 |
| Othernon-currentfinancialassets | 30,260,000.00 | 30,260,000.00 |
| Investmentproperty | 629,724,910.85 | 644,936,541.46 |
| Fixedassets | 1,694,600,015.38 | 1,770,372,338.85 |
| Constructioninprogress | 315,726,412.15 | 294,785,678.31 |
| Productivebiologicalassets | ||
| Oilandgasassets | ||
| Right-of-useasset | 1,191,256,726.76 | 1,342,280,387.08 |
| Intangibleassets | 846,085,109.33 | 866,627,549.85 |
| Developmentexpenditure |
| Goodwill | 99,867,720.38 | 99,867,720.38 |
| Long-termprepaidexpenses | 307,526,754.86 | 380,191,006.38 |
| Deferredtaxassets | 565,864,148.34 | 424,027,271.38 |
| Othernon-currentassets | 1,655,613,910.90 | 1,652,164,395.78 |
| Totalnon-currentassets | 7,504,268,376.57 | 7,689,822,247.42 |
| Totalassets | 8,225,666,651.05 | 10,305,183,525.70 |
| Currentliabilities: | ||
| Short-termloan | 200,202,500.00 | 3,152,945,812.59 |
| Borrowingfromthecentralbank | ||
| Borrowingsfrombanksandotherfinancialinstitutions | ||
| Transactionalfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountspayable | 212,850,046.65 | 282,032,916.52 |
| Depositreceived | ||
| Contractliabilities | 4,735,981,166.46 | 3,063,721,290.28 |
| Financialassetssoldforrepurchase | ||
| Absorbingdepositsandinterbankdeposits | ||
| Actingtradingsecurities | ||
| Actingunderwritingsecurities | ||
| Payrollpayable | 566,492,240.39 | 422,886,856.60 |
| Taxespayable | 30,560,896.71 | 12,566,751.84 |
| Otherpayable | 94,621,502.69 | 129,043,599.22 |
| Including:interestpayable | 0.00 | 0.00 |
| Dividendpayable | ||
| Feesandcommissionspayable | ||
| Reinsuranceaccountspayable | ||
| Liabilitiesheld-for-sale | ||
| Non-currentliabilitiesduewithinoneyear | 547,313,044.67 | 531,876,007.31 |
| Othercurrentliabilities | 142,079,434.99 | 91,925,853.39 |
| Totalcurrentliabilities | 6,530,100,832.56 | 7,686,999,087.75 |
| Non-currentliabilities: | ||
| Insurancecontractreserve |
| Long-termloan | ||
| Bondspayable | ||
| Bondspayable_preferredstock | ||
| Bondspayable_perpetualbond | ||
| Leaseliability | 538,212,185.38 | 635,691,184.87 |
| Long-termpayables | ||
| Long-termsalarypayable | ||
| Estimatedliabilities | ||
| Deferredincome | ||
| Deferredtaxliability | 91,268,127.95 | 93,712,172.62 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 629,480,313.33 | 729,403,357.49 |
| TotalLiabilities | 7,159,581,145.89 | 8,416,402,445.24 |
| 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 | 13,200,000.00 | 13,200,000.00 |
| Specialreserve | ||
| Surplusreserves | 45,000,000.00 | 45,000,000.00 |
| Generalriskpreparation | ||
| Undistributedprofits | -321,361,574.32 | 501,330,081.70 |
| Totalowner'sequityattributabletotheparentcompany | 1,066,127,098.18 | 1,888,818,754.20 |
| Minorityshareholders'equity | -41,593.02 | -37,673.74 |
| Owners'equity | 1,066,085,505.16 | 1,888,781,080.46 |
| Liabilitiesandowner'sequity | 8,225,666,651.05 | 10,305,183,525.70 |
Legalrepresentative:WangZhendongPersoninchargeofaccounting:ShiLeiHeadofaccountingdepartment:LuoXue
(2)Consolidatedincomestatementfrombeginningoftheyeartotheendofthereportingperiod
Unit:RMB
| Item | Amountinthecurrentperiod | Amountinthepriorperiod |
| I.Totaloperatingincome | 3,893,882,283.64 | 6,301,194,119.42 |
| Including:operatingincome | 3,893,882,283.64 | 6,301,194,119.42 |
| Interestincome | ||
| Premiumearned | ||
| Feeandcommissionincome | ||
| II.Totaloperatingcosts | 4,889,172,465.44 | 7,342,893,996.86 |
| Including:operatingcost | 2,420,963,306.46 | 3,588,626,072.16 |
| Interestexpense | ||
| Feeandcommissionexpenses | ||
| Surrendermoney | ||
| Netreimbursementexpenditure | ||
| Withdrawalofnetinsuranceliabilityreserves | ||
| Policyholderdividendexpenses | ||
| Reinsuranceexpenses | ||
| Taxesandsurcharges | 22,432,387.42 | 23,049,626.16 |
| Salesexpenses | 1,074,477,624.74 | 1,475,923,658.93 |
| Managementexpenses | 687,206,762.68 | 1,036,022,099.40 |
| R&Dexpenses | 482,232,337.63 | 835,716,194.57 |
| Financialexpenses | 201,860,046.51 | 383,556,345.64 |
| Including:interestexpenses | 76,716,263.41 | 176,536,740.21 |
| Interestincome | 6,914,684.21 | 35,487,207.53 |
| Add:otherincome | 41,968,144.89 | 67,843,227.07 |
| Investmentincome(Lossislistedwith“-”) | 302,234.51 | 74,689,765.65 |
| Including:investmentincomefromassociatesandjointventures | ||
| Derecognitionincomeoffinancialassetsmeasuredatamortizedcost | ||
| Exchangeearnings(Lossislistedwith“-”) | ||
| Netexposurehedgeincome(Lossislistedwith“-”) | ||
| Incomefromchangesinfairvalue(Lossislistedwith“-”) | -3,445,201.84 | 11,041,967.01 |
| Expectedcreditloss(Lossis | -8,956,614.08 | -2,013,158.79 |
| listedwith“-”) | ||
| Assetimpairmentloss(Lossislistedwith“-”) | ||
| Assetdisposalincome(Lossislistedwith“-”) | 289,728.74 | -168,828.03 |
| III.Operatingprofit(Lossislistedwith“-”) | -965,131,889.58 | -890,306,904.53 |
| Add:non-operatingincome | 41,198.84 | |
| Less:non-operatingexpenses | 4,786,252.04 | 886,108.68 |
| IV.Totalprofit(Thetotallossislistedwith“-”) | -969,918,141.62 | -891,151,814.37 |
| Less:incometaxexpenses | -147,222,566.32 | -249,727.99 |
| V.Netprofit(Netlossislistedwith“-”) | -822,695,575.30 | -890,902,086.38 |
| i.Classifiedbybusinesscontinuity | ||
| 1.Netprofitfromcontinuingoperations(Netlossislistedwith“-”) | -822,695,575.30 | -890,902,086.38 |
| 2.Netprofitfromdiscontinuedoperations(Netlossislistedwith“-”) | ||
| ii.Classificationbyownership | ||
| 1.Netprofitattributabletotheshareholdersoftheparentcompany(Netlossislistedwith“-”) | -822,691,656.02 | -890,898,144.05 |
| 2.Minorityshareholders'gainsandlosses(Netlossislistedwith“-”) | -3,919.28 | -3,942.33 |
| VI.Netothercomprehensiveincome | ||
| Netothercomprehensiveincomeattributabletotheparentcompanyowner | ||
| i.Othercomprehensiveincomethatcannotbereclassifiedintoprofitorloss | ||
| 1.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 | -822,695,575.30 | -890,902,086.38 |
| i.Totalcomprehensiveincomeattributabletoownersoftheparentcompany | -822,691,656.02 | -890,898,144.05 |
| ii.Totalcomprehensiveincomeattributabletominorityshareholders | -3,919.28 | -3,942.33 |
| VIII.Earningspershare: | ||
| i.Basicearningspershare | -0.13 | -0.14 |
| ii.Dilutedearningspershare | -0.13 | -0.14 |
Ifabusinesscombinationunderthesamecontroloccursinthecurrentperiod,thenetprofitrealizedbythecombinedpartybeforethecombinationis:RMB0.00.Thenetprofitrealizedbythecombinedpartyinthepreviousperiodwas:RMB0.00.Legalrepresentative:WangZhendongPersoninchargeofaccounting:ShiLeiHeadofaccountingdepartment:LuoXue
(3)Consolidatedcashflowstatementfrombeginningoftheyeartotheendofthereportingperiod
Unit:RMB
| Item | Amountinthecurrentperiod | Amountinthepriorperiod |
| I.Cashflowfromoperatingactivities: | ||
| Cashreceivedfromthesaleofgoodsandservices | 5,730,000,312.04 | 3,764,009,075.38 |
| Netincreaseincustomerdepositsandinterbankdeposits | ||
| Netincreaseinborrowingfromcentralbank | ||
| Netincreaseinfundsborrowedfromotherfinancialinstitutions | ||
| Cashreceivedfromtheoriginalinsurancecontractpremium | ||
| Netcashreceivedfromreinsurancebusiness |
| Netincreaseinpolicyholders’depositsandinvestmentfunds | ||
| Cashchargedwithinterest,handlingfeesandcommissions | ||
| Netincreaseinfundsborrowedin | ||
| Netincreaseinrepurchasefunds | ||
| Netcashreceivedfromagentbuyingandsellingofsecurities | ||
| Taxrefund | ||
| Othercashreceivedrelatedtootherbusinessactivities | 50,093,501.17 | 82,925,359.00 |
| Subtotalofcashinflowfromoperatingactivities | 5,780,093,813.21 | 3,846,934,434.38 |
| Cashpaidforthepurchaseofgoodsandservices | 605,787,718.06 | 1,272,319,232.44 |
| Netincreaseincustomerloansandadvances | ||
| Netincreaseindepositofcentralbankandinterbank | ||
| Cashpaidfortheoriginalinsurancecontract | ||
| Netincreaseinborrowedfunds | ||
| Cashpaidforinterest,handlingfeesandcommissions | ||
| Cashpaidforpolicydividends | ||
| Cashpaidtoandforemployees | 2,994,758,849.49 | 4,999,319,418.01 |
| Varioustaxespaid | 102,676,276.00 | 257,440,759.41 |
| Othercashpaidforbusinessactivities | 487,232,102.77 | 963,675,208.24 |
| Subtotalofcashoutflowsfrombusinessactivities | 4,190,454,946.32 | 7,492,754,618.10 |
| Netcashflowfromoperatingactivities | 1,589,638,866.89 | -3,645,820,183.72 |
| II.Cashflowsfrominvestingactivities: | ||
| Cashreceivedfrominvestmentrecovery | 473,468,673.81 | 9,118,641,205.92 |
| Cashreceivedfrominvestmentincome | 9,809,931.29 | 234,974,156.04 |
| Netcashreceivedfromdisposaloffixedassets,intangibleassetsandotherlong-termassets | ||
| Netcashreceivedfromdisposalofsubsidiariesandotherbusinessunits | ||
| Othercashreceivedrelatedtoinvestingactivities |
| Subtotalofcashinflowsfrominvestmentactivities | 483,278,605.10 | 9,353,615,361.96 |
| Cashpaidforthepurchaseandconstructionoffixedassets,intangibleassetsandotherlong-termassets | 107,941,393.57 | 2,826,593,982.87 |
| Cashpaidforinvestment | 124,141,028.16 | 7,014,720,000.00 |
| Netincreaseinpledgeloans | ||
| Netcashpaidforacquiringsubsidiariesandotherbusinessunits | ||
| Othercashpaidrelatedtoinvestingactivities | 168,828.03 | |
| Subtotalofcashoutflowsfrominvestmentactivities | 232,082,421.73 | 9,841,482,810.90 |
| Netcashflowsfrominvestingactivities | 251,196,183.37 | -487,867,448.94 |
| III.Cashflowfromfinancingactivities: | ||
| Cashreceivedfrominvestmentabsorption | ||
| Including:cashreceivedfromsubsidiariesinabsorbingminorityshareholders'investment | ||
| Cashreceivedfromtheloan | 4,369,000,000.00 | |
| Othercashreceivedrelatedtofundraisingactivities | ||
| Subtotalofcashinflowsfromfinancingactivities | 4,369,000,000.00 | |
| Cashpaidfordebtrepayment | 2,949,000,000.00 | 3,499,000,000.00 |
| Cashpaidfordividends,profitsorinterestpayments | 50,716,278.78 | 152,324,944.37 |
| Including:dividendsandprofitspaidbysubsidiariestominorityshareholders | ||
| Othercashpaidrelatedtofinancingactivities | 353,781,444.16 | 559,203,347.89 |
| Subtotalofcashoutflowsfromfinancingactivities | 3,353,497,722.94 | 4,210,528,292.26 |
| Netcashflowfromfinancingactivities | -3,353,497,722.94 | 158,471,707.74 |
| IV.Effectofthechangesoftheexchangerateoncashandtheequivalents | ||
| V.Netincreaseincashandcashequivalents | -1,512,662,672.68 | -3,975,215,924.92 |
| Add:balanceofcashandcashequivalentsatthebeginningoftheperiod | 1,969,806,009.56 | 5,950,036,489.12 |
| VI.Balanceofcashandcashequivalentsattheendoftheperiod | 457,143,336.88 | 1,974,820,564.20 |
2.Auditor’sreport
WhetherthisThirdQuarter2022Reporthasbeenaudited
□Yes√NoTheCompany’sThirdQuarter2022Reporthasnotbeenaudited.
BoardofDirectorsofOffcnEducationTechnologyCo.,Ltd.
October28,2022