Counterattack short?With whom to learn to disclose financial data again: cash income has exceeded 3.3 billion yuan

Counterattack short?With whom to learn to disclose financial data again: cash income has exceeded 3.3 billion yuan
At 19 o’clock on April 9th, Beijing time, who learned to participate in the investor communication conference, and disclosed detailed data on multiple dimensions of the company to all investors.As of April 8, Chen Xiangdong, the chairman and CEO, who responded to questions about the ancient media communication meeting with whom to learn the founder, chairman and CEO, responded to the questions raised by the short report.The executives disclosed at the investor communication conference: As of December 31, 2019, the company held a total of RMB 74 million in cash and cash equivalents, and RMB 14 in short-term investments.7 trillion, long-term investment equivalent to RMB 11.900 million yuan.Among them, RMB assets are held by seven domestic entities, mainly US dollar assets of the IPO are held by overseas Cayman entities, and there has never been a settlement and remittance transaction after the IPO.Internal cash and cash equivalents are deposited in China Merchants Bank Beijing Branch Xi’erqi Sub-branch, China Merchants Bank Beijing Branch Shangdi Sub-branch, China Merchants Bank Beijing Branch Tsinghuayuan Sub-branch, China Construction Bank Shanghai Qibao Sub-branch, China Construction Bank Minhang Sub-branch, Beijing Bank Zhongguancun Branch, etc.Among them, RMB 7.11 million was deposited with China Merchants Bank; RMB 4.06 million was from the Construction Bank; and RMB 490,000 was from Bank of Beijing.Citibank USD 8.85 million.The short-term investment and long-term financial investment are mainly Citibank.8.9 billion US dollars, China Merchants Bank 6.3.7 billion, Industrial Bank 6.9.2 billion US dollars, the above amount has not yet included the financial income that we confirmed according to the expected rate of return and included in the balance sheet OCI, the total amount is 28 US dollars.90,000 and RMB 586.80,000 yuan, this part of the income is included in the interest income of the income statement when actually received.The data from who pointed out that the average balance of cash and cash equivalents and short-term investments at the end of the third quarter and the end of the year was $ 1.3 billion, corresponding to an index income of 10 million yuan and a net increase in OCI of 350 million, which can recover theThe annualized return level of short-term investment is 4.About 15%, in line with the fair level in the market.The current yield of the US dollar products held is affected by factors such as interest rates, credit spreads and remaining time, and is temporarily at a low level. Therefore, the overall income level of our wealth management investment is lowered. The IPO dollar is always outside the country.Entry.According to who learns from the financial data, operating net cash inflows in 201912.8.5 billion US dollars, cash and cash equivalents, short-term investment and long-term investment wealth management product investment surplus increased earlier24.$ 9.8 billion, with an average non-GAAP net profit of 2.86.9 billion yuan.From the financial results, our cash flow, cash balance and net profit are all in the same direction of growth, which is completely different from the business cash flow is negative, and the cash balance continues to decline and continuous enterprises.In 2019, the cash income from whom to learn has reached 33.5.8 billion yuan.In addition, according to the data from the authoritative organization Questmobile, in the second half of 2019, the total number of MNUs of the two main apps, who learn from and Gaotu Classroom, increased by 2.21 million, ranking third in the ranking of apps added in the education industry.Regarding corporate income tax: The income and expenses disclosed in 20-F are 17 million yuan. According to accounting standards, the expenses include the actual payable income, and must also include the tax impact caused by deferred decay. The amount can be in 20-FFind a clear background.We actually paid 34 million US dollars in income tax. According to the provisions of the Enterprise Income Tax Law, each taxpayer’s gradual replacement will be replaced by pre-tax within the next five years.Regarding the 2B business: The K-12 with whom you learn is all 2C business, directly facing students, there is no distributor or channel dealer.Among other incomes, Chengzi Business School’s sales revenue last year was 26 million yuan, accounting for 1.twenty two%.Regarding related party transactions: First of all, Baijia Yuntu and Baijia Shilian are not related parties with whom to learn. Second, we have no transactions with Baijia Shilian and Baijia Yuntu in 2019.As a related party, Youlian Global, the net purchase amount we paid to it in 2019 was 3 million yuan, which accounted for most of the company’s various costs plus 0.16%.And, please note that it is us who pays the purchase price instead of Unilever sending us profits, which is the opposite direction of short selling.Zhengzhou property purchase: our Zhengzhou property purchase price is 3.RMB 3 trillion, with a construction area of 68,000 square meters, a contract of 4,850 yuan per square meter, and the average price of surrounding buildings is around 8,000 yuan. We believe that the 75 million yuan investment mentioned in the Grizzly report is equivalent to 1,000 yuan per square meter.About the purchase price of buildings, in the emerging second-tier capital cities like Zhengzhou, it lacks the most basic business knowledge.Sauna, Ye Wang Chen Weicheng editor Yue Caizhou proofread Liu Yue