On October 26, 2021, Kevin Education disclosed the third quarterly report, the company achieved a total operating income of 300 million yuan in the first three quarters of 2021, an increase of 35.7% year-on-year; achieved a net profit attributable to the mother of -53.339 million yuan, compared with -96.305 million yuan in the same period last year, and the loss margin narrowed.
Note: Kevin Education completed a major asset restructuring on November 29, 2017.
During the period, the expense ratio decreased by 15.8%, the effect of expense control was remarkable, and the operating cash flow increased significantly by 149.1%.
The company's operating costs in the third quarter of 2021 were 260 million, an increase of 9.7% year-on-year, lower than the growth rate of 35.7% in operating income, resulting in a 20.4% increase in gross profit margin. The expense ratio during the period was 37.5%, down 15.8% from last year, and the cost control effect was remarkable. Operating cash flow rose sharply by 149.1% to 140 million.
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