With whom to learn, from the financial results, cash flow, cash balance and net profit are all in the same direction of growth
Under the continuous impact of the financial fraud in the Chinese stock market, who learned to choose to actively communicate with investors To deal with possible shocks.
At 9 p.m. Beijing time on April 9th, the management of who (NYSE: GSX) disclosed the company ’s multi-dimensional detailed data by phone and online, indicating that the short agency Grizzly cited some of the allegations The data source is not applicable, inaccurate or unreliable, and the method of data analysis and interpretation is not rigorous.
With whom to disclose, as of December 31, 2019, the company held cash and cash equivalents equivalent to RMB 74 million, short-term investments equivalent to RMB 1.47 billion, and long-term investments equivalent to RMB 1.19 billion. Among them, RMB assets are held by seven domestic entities, and the US dollar assets mainly derived from IPOs are held by overseas Cayman entities, and no foreign exchange settlement transactions have been conducted since the IPO.
Citibank ’s short-term and long-term financial investments are mainly USD 189 million from Citibank, RMB 637 million from China Merchants Bank, and RMB 692 million from Industrial Bank. The amount of income was US $ 289,000 and 5.868 million.
From financial data. Our operating net cash inflow in 2019 was 1.285 billion yuan. The balance of investment in wealth management products in cash and cash equivalents, short-term investment and long-term investment increased by 2.498 billion yuan from the beginning of the year. The non-GAAP net profit for the year was 286.9 million yuan.
Who learns that from the financial results, cash flow, cash balance and net profit are all in the same direction of growth, which is very different from the company whose operating cash flow is negative and whose cash balance continues to decline and continues to lose money. Each item of data and trajectory are recorded in detail in the background system and database. Any abnormal data behavior may lead to inconsistent logic.
Liu Xiangdong also answered questions from investors about course pricing. Recently, online education companies have successively released the pricing of spring and autumn courses, which have generally increased by about 10%. With the manifestation of the advantages of economies of scale, the company will not rule out the provision of some low-cost courses and personalized courses for different regions and provinces in the future.
On February 25, the short-selling agency Grizzly issued a short-selling report, believing that who to learn from will overstate its 2018 net profit by 74.6%. And the use of unmerged related parties to decorate the financial report; the company spent 330 million yuan to buy three buildings in Zhengzhou, in fact, only spent 75 million yuan, there is suspected of exaggerating capital expenditures, transferring funds.
Furthermore, the report also pointed out that the company had requested settled educational institutions to use false accounts to charge bills. The third-party traffic monitoring platform showed that its visits and downloads were much lower than their peers;Be suspicious.
After Ruixing Coffee plunged by more than 70% on April 2, it fell 15.52% with April 3, and its share price fell by more than 9% after trading on April 8