Operator Finance Network Zhu Xinyu/Wen
A few days ago, Zhonggong Education was exposed to be in arrears with its employees' wages, which caused external concern. For this news, Zhonggong Education has also given a corresponding explanation, but it does not seem to be tenable after careful study?
According to the online article, Zhonggong Education Headquarters has defaulted on the salary of employees for several months. At present, the salary is only paid to January this year, at least three months in arrears. In addition, the news also said that Zhonggong Education no longer bought travel tickets for teachers in the headquarters recently, and teachers need to pay in advance before going through the reimbursement process. However, the reimbursement since last August has not yet been settled by the headquarters of Zhonggong Education.
In response to the above news, Zhonggong Education said that the relevant situation was due to the recent adjustment of the company's internal organizational structure, and there was a certain time mismatch in the corresponding payment.
Public education has no clear response to whether it defaults on wages.
In fact, there has been a problem with the cash flow of public education. The operator Caijing found that in the whole year of last year, the net cash flow generated by Zhonggong Education's operating activities was a serious negative value of - 800 million yuan, that is, the net outflow was more than 800 million yuan, a year-on-year decrease of 201.64%; The balance of cash and equivalents at the end of the period was only 359 million yuan, which seemed dangerous for a listed company.
In terms of solvency, the company's asset liability ratio at the end of 2023 will be 92.06%, up 1.77 percentage points from the end of last year; The interest bearing asset liability ratio was 24.20%, up 16.99 percentage points from the end of last year.
In 2021, 2022 and 2023, the net profit attributable to the parent company of Zhonggong Education will be 2.370 billion yuan, -1102 million yuan and - 209 million yuan respectively, with a loss of more than 3.6 billion yuan in three years.
In the first quarter of this year, the net cash flow generated by the operating activities of Zhonggong Education was 145 million yuan, which was better than - 494 million yuan in the same period of the previous year, but the future is unknown.
According to the previous report of the operator Caijing. com, Wang Zhendong, the general manager of Zhonggong Education, had previously reduced his holdings by 130 million yuan to cash out 340 million yuan.
In addition, in 2021, Wang Zhendong reduced 74.106 million shares of the company in total through block transactions in the stock exchange three times, with a reduction ratio of 1.2%, and realized more than 700 million shares.
However, Zhonggong Education released an announcement on the evening of May 17 that the annual performance presentation meeting for 2023 of the company was scheduled to be held in the afternoon of May 22, 2024 in the form of remote network. Li Yongxin, chairman of the company, Luo Xue, chief financial officer, Gui Hongzhi, deputy general manager, and Wang Xinhan, secretary of the board of directors were present.
In addition, by the end of May 22, 2024, the market value of Zhonggong Education was 16.097 billion. All these show that the public education is operating normally at present.
How will public education develop in the future? The operator Caijing will continue to pay attention.
