Chuanzhi Education: Loss of 16.0066 million yuan in the first quarter of 2024

CSI Intelligent Financial Information Chuanzhi Education (003032) disclosed its first quarter report for 2024 on April 26. In the first quarter of 2024, the company achieved a total operating income of 50.9249 million yuan, a year-on-year decrease of 63.61%; a net profit loss attributable to the parent company was 16.0066 million yuan, a profit of 17.5404 million yuan in the same period last year; a loss after deducting non-net profits of 25.9844 million yuan, a profit in the same period last year 12.59 million yuan; the net cash flow generated from operating activities was -41.9675 million yuan, compared with 39.7598 million yuan in the same period last year; during the reporting period, Chuanzhi Education\’s basic earnings per share was -0.04 yuan, and the weighted average return on net assets was – 1.19%.

CSI Intelligent Financial Information Chuanzhi Education (003032) disclosed its first quarter report for 2024 on April 26.

In the first quarter of 2024, the company achieved a total operating income of 50.9249 million yuan, a year-on-year decrease of 63.61%; a net profit loss attributable to the parent company was 16.0066 million yuan, a profit of 17.5404 million yuan in the same period last year; a loss after deducting non-net profits of 25.9844 million yuan, a profit in the same period last year 12.59 million yuan; the net cash flow generated from operating activities was -41.9675 million yuan, compared with 39.7598 million yuan in the same period last year; during the reporting period, Chuanzhi Education\’s basic earnings per share was -0.04 yuan, and the weighted average return on net assets was – 1.19%.

In the first quarter of 2024, the company\’s gross profit margin was 30.81%, a decrease of 21.55 percentage points year-on-year; the net profit margin was -31.43%, a decrease of 43.96 percentage points from the same period last year.

Data shows that the company\’s weighted average return on net assets in the first quarter of 2024 was -1.19%, a decrease of 2.49 percentage points from the same period last year; the company\’s return on invested capital in the first quarter of 2024 was -1.46%, a decrease of 2.65% from the same period last year. percentage points.

In the first quarter of 2024, the company\’s net cash flow from operating activities was -41.9675 million yuan, a year-on-year decrease of 81.7273 million yuan; the net cash flow from financing activities was -8.9898 million yuan, a year-on-year increase of 6.5113 million yuan; the net cash flow from investing activities was 160 million yuan, compared with -261 million yuan in the same period last year.

In the first quarter of 2024, the company\’s operating income to cash ratio was 136.91%.

In terms of major changes in assets, as of the end of the first quarter of 2024, the company\’s monetary funds increased by 13.53% from the end of the previous year, and the proportion of the company\’s total assets increased by 7.76 percentage points; trading financial assets decreased by 37.17% from the end of the previous year, and the proportion of the company\’s total assets decreased by 6.78 percentage points. percentage points; non-current assets due within one year decreased by 95.17% compared with the end of the previous year, and their proportion in the company\’s total assets decreased by 1.78 percentage points; other current assets decreased by 62.37% compared with the end of the previous year, and their proportion in the company\’s total assets decreased by 1.44 percentage points.

In terms of major changes in liabilities, as of the end of the first quarter of 2024, the company\’s employee compensation payable decreased by 52.36% compared with the end of the previous year, and its proportion in the company\’s total assets decreased by 1.59 percentage points; accounts payable increased by 30.04% from the end of the previous year, and its proportion in the company\’s total assets increased by 0.76 percentage points; lease liabilities decreased by 8.21% from the end of the previous year, and the proportion of the company\’s total assets decreased by 0.33 percentage points; taxes payable decreased by 71.76% from the end of the previous year, and the proportion of the company\’s total assets decreased by 0.27 percentage points.

The first quarter report shows that among the company\’s top ten tradable shareholders at the end of the first quarter of 2024, the new shareholders are Li Huoming, Chen Qiong, Tianjin Tianchang Enterprise Management Consulting Partnership (Limited Partnership), Tianjin Lebang Enterprise Management Consulting Partnership (Limited Partnership) Partnership), Tianjin Renhuan Enterprise Management Consulting Partnership (Limited Partnership), Tianjin Heding Enterprise Management Consulting Partnership (Limited Partnership), Tianjin Dikuan Enterprise Management Consulting Partnership (Limited Partnership), The Hongkong and Shanghai Banking Corporation Limited, replaced At the end of last year, Jiangsu Chuanzhi Podcast Education Technology Co., Ltd.-2022 Employee Stock Ownership Plan, China Life Insurance Co., Ltd.-Traditional-General Insurance Products, Hong Kong Securities Clearing Company Limited, Wells Fargo Convertible Bond Securities Investment Fund, Yangmei , Dunhe Asset Management Co., Ltd.-Dunhe Yuhuangshan No. 2 Private Equity Fund, CITIC Securities Co., Ltd., Everbright Securities (rights protection) Co., Ltd., CCB Pension Yijiarui hybrid pension product-China Construction Bank Co., Ltd. Ltd.

In terms of chip concentration, as of the end of the first quarter of 2024, the total number of shareholders of the company was 50,400, an increase of 3,229 households or 6.84% from the end of the previous year; the average shareholding value of each household dropped from 122,800 yuan at the end of the previous year to 91,800 yuan, a decrease of 25.24%.

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