I. Key accounting information and financial indicators
II. Cases and reasons of main financial data and indicators fluctuation during the reporting period.
1.During the reporting period, the Company achieved operating revenue of RMB1,230,102,270.48，representing a decrease of 6.22% as compared to the corresponding period of last year. The decrease is mainly due to the pandemic, offline courses cannot be carried out on a large scale in February and March. Meanwhile, due to impact from delay of some recruitment and qualification exams, some training payment collections do not meet income recognition criteria by the end of first quarter. It results in lower income than the same period last year.
2.During the reporting period, the Company achieved Net profit of RMB116,301,251.23, representing an increase of 9.52% as compared to the corresponding period of last year. The growth is mainly due to large growth in other income.
3.During the reporting period, the Company achieved Contract liabilities of RMB 5,471,543,237.02, It is due to adjustment of the part of "advance receipts" carried forward within one year without tax to "contract liabilities" based on the new revenue standard. By comparable caliber, it grows by RMB 2.914 billion from the beginning of the year with a growth rate of 113.94%, and it grows by RMB 1.238 billion from the same period of last year with a growth rate of 29.25%. The reason is that during this reporting period, the Company made great efforts to efficiently conduct Online-Merge-Offline(OMO) courses with effective whole-staff marketing strategy, and eventually achieve substantial increase in receipts from training.
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