Offcn Education Technology Co., Ltd. 2022 Semi-Annual Report Summary
Stock Code：002607 Stock Abbr.：OFFCN EDU Announcement No.：2022-057
Offcn Education Technology Co., Ltd.
2022 Semi-Annual Report Summary
Section I. Important notes
This summary is extracted from the full semi-annual report. In order to fully understand the Company's
operating results, financial status and future development plan, investors should read the full semi-annual report
carefully disclosed on the media designated by the China Securities Regulatory Commission (CSRC).
All directors attended the board meeting for reviewing this report.
Notes of non-standard audit opinion
□Applicable Not applicable
The profit distribution plan for ordinary shares or the plan for converting reserved funds into share capital
during the reporting period reviewed by the board meeting.
□Applicable Not applicable
The Company plans not to distribute cash dividends, bonus shares, nor to increase share capital by converting
capital reserve.
Profit distribution plan for preferred shares during the reporting period approved by the board meeting.
□Applicable Not applicable
Section II. General information
1. Overview of the Company
Stock Abbreviation OFFCN EDU Stock Code 002607
Listed Stock Exchange Shenzhen Stock Exchange
Stock Abbreviation before
N/A
change (if any)
Contact information Board Secretary Securities Affairs Representative
Name Gui Hongzhi Gu Pan
Block B, Hanhua Century Mansion, No.23
Block B, Hanhua Century Mansion, No.23
Address Xueqing Road, Haidian District, Beijing,
Xueqing Road, Haidian District, Beijing, China
China
Tel 010-83433677 010-83433677
E-mail ir@offcn.com ir@offcn.com
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Offcn Education Technology Co., Ltd. 2022 Semi-Annual Report Summary
2. Key financial data and indicators
Does the Company need to adjust its financial data retrospectively or restate its accounting data of previous year?
□ Yes No
Increase/decrease in current
Same period of the previous
Current reporting period reporting period over same
year
period of the previous year
Revenue (RMB) 2,226,704,962.11 4,855,998,263.50 -54.15%
Net profit attributable to
shareholders of the listed -890,931,710.33 -97,162,509.03 -816.95%
Company (RMB)
Net profit attributable to
shareholders of the listed
Company after deducting non- -903,639,304.26 -169,905,023.78 -431.85%
recurring gains or losses
(RMB)
Net cash flow from operating
1,032,982,411.32 -939,091,457.95 210.00%
activities (RMB)
Basic earnings per share
-0.14 -0.02 -600.00%
(RMB/share)
Diluted earnings per share
-0.14 -0.02 -600.00%
(RMB/share)
Weighted average return on
-61.73% -2.30% -59.43%
net assets
Increase/decrease at the end of
End of current reporting
End of the previous year this reporting period over end
period
of the previous year
Total assets (RMB) 8,961,896,986.90 10,305,183,525.70 -13.04%
Total net assets attributable to
shareholders of the listed 997,887,043.87 1,888,818,754.20 -47.17%
Company (RMB)
3. Number of shareholders and shareholdings
Unit: Share(s)
Total number of
preferred
Total number of shareholders with shareholders with
ordinary shares at the end of the 174,047 voting rights 0
reporting period restored at the end
of the reporting
period (if any)
Top 10 shareholders
Shareholdi Pledged or frozen
Nature of ng Number of shares
Name of
Number of shares held with sales Number of
shareholder shareholder percentage Status of shares
restrictions shares
(%)
Domestic 1,357,543,35
Lu Zhongfang 41.36% 2,550,549,260 2,550,549,260 Pledged
natural person 9
Domestic
Li Yongxin 18.35% 1,131,415,121 1,131,070,121 Pledged 599,036,641
natural person
Wang Domestic
13.83% 852,885,418 639,664,063 Pledged 381,793,884
Zhendong natural person
Beijing Domestic non-
Aerospace state- owned 2.24% 137,937,489 0
Industry legal person
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Offcn Education Technology Co., Ltd. 2022 Semi-Annual Report Summary
Investment
Fund(Limited
Partnership)
Beijing Offcn
Future
Domestic non-
Information
state-owned 1.30% 80,000,000 0
Consulting
legal person
Center(Limited
Partnership)
Domestic
Zhou Xiayun 1.28% 78,848,640 0 Pledged 69,000,000
natural person
Domestic
Zhou Hui 1.16% 71,436,520 0 Pledged 37,000,000
natural person
Beijing Kerui
Venture Domestic non-
Investment state-owned 0.89% 54,887,323 0
Center(Limited legal person
Partnership)
Domestic
Zhou Li 0.78% 48,185,280 0
natural person
Beijing
Guangyin
Venture Domestic non-
Investment state-owned 0.64% 39,228,952 0
Center legal person
(Limited
Partnership)
The Company’s controlling shareholder and actual controller Lu Zhongfang and Li Yongxin
are in a parent-child relationship. Lu Zhongfang, Li Yongxin, and Beijing Offcn Future
Description of the above- Information Consulting Center (Limited Partnership) constitute persons acting in concert. Zhou
Xiayun and Zhou Hui have a father-son relationship, and Zhou Xiayun and Zhou Li have a
mentioned shareholders’
father-daughter relationship. It is unknown whether there is an associated relationship among
relationship or concerted action
the above-mentioned other shareholders, and whether the above-mentioned shareholders
belong to the parties acting in concert as stipulated in the Administrative Measures on
Information Disclosure of Shareholding Changes in Listed Companies.
Description of shareholders
participating in financing and No
securities lending (if any)
4. Changes of controlling shareholder or actual controller
Changes of controlling shareholder in the reporting period
□Applicable Not applicable
Controlling shareholder of the Company did not change during the reporting period.
Changes of actual controller during the reporting period
□Applicable Not applicable
The actual controller of the Company did not change during the reporting period.
5. Number of preferred shareholders of the Company and top 10 preferred shareholders
During the reporting period, there was no preferred shareholder in the Company.
6. Bonds unexpired on the date of approval of the semi-annual report
□Applicable Not applicable
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Offcn Education Technology Co., Ltd. 2022 Semi-Annual Report Summary
Section III. Significant events
On December 15, 2021, the Company received the Notice of Filing (SR Filing No. 0232021010) from the
CSRC on suspicion of failing to disclose related-party transaction information and violating the laws and
regulations of information disclosure.
On April 27, 2022, the Company and the relevant parties received the official Decision of Administrative
Penalty from the Anhui Securities Regulatory Bureau, which determines Offcn Edu and its subsidiaries including
Beijing Offcn Education Technology Co., Ltd. and Zhongcheng Real Estate Development Co.,Ltd. constitute a
related-party relationship with Shaanxi Guancheng Industrial Co., Ltd., Beijing Chuangsheng Construction
Decoration Engineering Co., Ltd., Shanghai Beiding Network Technology Co., Ltd., Ji'an Jingkai Lixiangxue
Financial Information Service Co., Ltd. and Liaoning Hanhui Industrial Co., Ltd.. The total amount involved in
related-party transactions was RMB 1232.395 million, including RMB 196.335 million in year 2019 and RMB
1036.06 million in year 2020, which accounted for 6.65% and 30.19% of the net assets of Offcn Edu in the latest
periods respectively. The Company did not disclose the above-mentioned information in accordance with relevant
laws and regulations and there existed major omissions of the Company’s information disclosure. Thus, a warning
was given to and a fine was imposed on the Company and the relevant parties responsible for the situation, and
corresponding rectification was required. Specific information is stated in the announcement (No. 2022-032)
disclosed by the Company on CNINFO (www.cninfo.com.cn) and other designated media for information
disclosure.
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