智通财经APP讯，中教控股(00839)公布，有关发行于2024年到期的23.55亿港元2.0厘可换股债券，于本 公告日期， 公司已根据可换股债券于到期日的相关条款及条件赎回全部尚未赎回的可换股债券。 可换股债券的到期日为2024年3月28日。于公司进行一系列提早赎回及购回后，于到期日前仍尚未赎回 的可换股债券的本金总额为400万港元。所有尚未赎回 的可换股债券已全部于到期日赎回。公司相信， 悉数赎回将不会对集团财务状况造成重大影响。可换股债券已于到期日自香港联合交易所有限公司除 牌。 ...

财联社2月21日讯 (编辑 胡家荣) 受市场利好持续提振，港股教育板块近日表现活跃。截至发稿，中教控股(00839.HK)、中国东方教育(00667.HK)、宇华教 育(06169.HK)、新高教集团(02001.HK)分别上涨8.58%、7.41%、6.59%、4.55%。 | --- | --- | --- | --- | |-------|----------------|--------|----------| | 代码 | 名称 | 最新价 | 涨跌幅 ∨ | | 00839 | 中教控股 | 4.430 | 8.58% | | 00667 | 中国东方教育 | 2.610 | 7.41% | | 06169 | 宇华教育 | 0.485 | 6.59% | | 08363 | SDM教育 | 0.122 | 5.17% | | 02001 | 新高教集团 | 2.530 | 4.55% | | 01890 | 中国科培 | 1.380 | 3.76% | | 01569 | 民生教育 | 0.280 | 3.70% | | 02779 | 中国新华教育 | 0.570 | 3.64% | | 00 ...

Enrollment and Student Growth - Full-time new student enrollment for the 2023/24 academic year reached approximately 97,000, a year-on-year increase of about 17%, with higher education new student enrollment at approximately 84,000, up 18% year-on-year[9] - As of August 2023, the total number of full-time students reached approximately 248,000, a year-on-year increase of about 7%, with higher education students at approximately 199,000, up 13% year-on-year[9] - The number of applied graduates increased by 16.1% year-on-year to 72,000[16] - The number of students participating in international education programs with Australian and British schools continued to grow[16] Academic Programs and Research - The company added 13 new applied undergraduate programs, bringing the total to 372, and 13 new vocational programs, totaling 182, during the reporting period[10] - The company's member schools have been approved for 9 National Natural Science Foundation projects, 4 National Social Science Foundation projects, and 12 Ministry of Education Humanities and Social Sciences projects as of August 2023[10] - The company has been granted 5 national-level new engineering/new liberal arts research and practice projects, 3 national-level first-class undergraduate courses, and 75 provincial-level first-class undergraduate courses during the 2019–2023 period[10] - Jiangxi School was approved for two "Chunhui Plan" international cooperation research projects by the Ministry of Education, making it the only private undergraduate university in Jiangxi Province to receive this approval[11] - Sichuan School secured 15 provincial-level higher education talent cultivation and teaching reform projects, ranking first among similar universities in the province, and had 14 MOOCs included in the "National Higher Education Smart Education Platform"[11] Campus Infrastructure and Expansion - Shandong School's new campus in Yantai, covering over 700 acres, is planned to be operational by the 24/25 academic year, supporting talent needs in key economic zones[13] - The company invested in upgrading campus infrastructure, including the construction and renovation of approximately 200 smart classrooms and over 270 training/laboratory facilities[13] - Guangzhou Vocational School became the first higher vocational college in Guangdong Province to establish a multi-operator 5G private network, enhancing its smart campus capabilities[13] - Capital expenditure for campus expansion and other purposes amounted to RMB 2,637 million[21] - Property, school buildings, and equipment increased by 12.5% to RMB 17,668 million as of August 31, 2023, from RMB 15,700 million in the previous year[42] Financial Performance - Adjusted net profit increased by 9.8% year-on-year to RMB 2,077 million, and adjusted net profit attributable to the parent company increased by 6.0% year-on-year to RMB 1,908 million[21] - Adjusted EBITDA increased by 17.7% year-on-year to RMB 3,361 million[21] - Total assets increased by 6.5% year-on-year to RMB 35,754 million, and cash reserves increased by RMB 281 million to RMB 5,802 million[21] - Revenue for the fiscal year ending August 31, 2023, reached RMB 5,616 million, an 18.1% increase compared to RMB 4,756 million in the previous fiscal year[33] - Domestic market revenue increased by 18.2% to RMB 5,396 million, driven by growth in student enrollment and per-student income in higher vocational education institutions[35] - Net profit attributable to the company's owners was RMB 1,380 million, with adjusted net profit attributable to the company's owners at RMB 1,908 million[26][30] - Gross profit for the fiscal year ending August 31, 2023, was RMB 3,164 million, up from RMB 2,754 million in the previous year[26] - Operating profit increased to RMB 2,493 million, compared to RMB 2,114 million in the previous fiscal year[26] - Adjusted EBITDA for the fiscal year ending August 31, 2023, was RMB 3,361 million, compared to RMB 2,856 million in the previous year, representing an increase of 17.7%[37] - Net profit for the fiscal year ending August 31, 2023, was RMB 1,541 million, a decrease of 20.4% from RMB 1,936 million in the previous year[37] - International market revenue increased by 16.4% to RMB 220 million in the fiscal year ending August 31, 2023, driven by an increase in new student enrollments[39] - Operating profit for the fiscal year ending August 31, 2023, was RMB 2,493 million, an increase of 17.9% from RMB 2,114 million in the previous year[39] - Main business costs increased by 22.5% to RMB 2,452 million in the fiscal year ending August 31, 2023, primarily due to an increase in student numbers[39] - Gross profit for the fiscal year ending August 31, 2023, was RMB 3,164 million, an increase of 14.9% from RMB 2,754 million in the previous year[39] - The company recorded a net loss of RMB 540 million in other gains and losses for the fiscal year ending August 31, 2023, mainly due to a RMB 458 million impairment loss on goodwill and intangible assets[39] - Sales expenses for the fiscal year ending August 31, 2023, were RMB 182 million, accounting for 3.2% of revenue, down from 3.6% in the previous year[39] - Administrative expenses for the fiscal year ending August 31, 2023, were RMB 724 million, an increase from RMB 775 million in the previous year[38] - Adjusted net profit increased by 9.8% to RMB 2,077 million for the year ended August 31, 2023, compared to RMB 1,891 million in the previous year[41] - Net profit decreased to RMB 1,541 million for the year ended August 31, 2023, from RMB 1,936 million in the previous year, primarily due to impairment losses on goodwill and intangible assets of RMB 395 million[41] - Adjusted EBITDA increased by 17.7% to RMB 3,361 million for the year ended August 31, 2023, compared to RMB 2,856 million in the previous year[41] Corporate Governance and ESG - The company's ESG report covers the period from September 1, 2022, to August 31, 2023, aligning with the company's fiscal year[53] - The company's ESG governance involves the Legal and Administration Departments, with oversight from the Board of Directors[54] - An ESG working group, composed of core members from various departments, is responsible for data collection and report preparation[54] - The company collaborates with the International Finance Corporation (IFC) to promote ESG compliance and inclusive business models[57] - The company's business model is recognized as inclusive, directly impacting low-income students and aligning with UN Sustainable Development Goals[57] - The company has been awarded the "China Excellence in Management" award by Deloitte for five consecutive years, the only academic education enterprise to receive this recognition[18] - The company's environmental, social, and governance (ESG) report includes detailed disclosures on emissions, resource usage, and environmental impact management[165] - The company has fully disclosed policies and actions related to significant climate-related issues, including identification and response measures[167] - Employee data is categorized by gender, employment type, age group, and region, with full disclosure of total employee numbers and turnover rates[167] - The company has implemented occupational health and safety measures, with data on work-related fatalities and lost workdays over the past three years[167] - Training programs are in place, with data on the percentage of employees trained and average training hours per employee, categorized by gender and employee type[167] - The company has policies and measures to prevent child labor and forced labor, with full disclosure of recruitment practices and steps to address violations[167] - Supply chain management includes policies to address environmental and social risks, with data on the number of suppliers by region[169] - The company has policies and procedures for product safety, quality assurance, and consumer data protection, with full disclosure of product recall percentages and complaint handling[169] - Anti-corruption measures are in place, including training for directors and employees, with full disclosure of policies and reporting procedures[169] - The company has a strong corporate governance framework, with full compliance with the Corporate Governance Code as of August 31, 2023[170] - The Board of Directors consists of four executive directors and three independent non-executive directors, with a focus on maintaining a balanced skill set and strong independent representation[171] - The Board of Directors held seven meetings during the fiscal year ending August 31, 2023[177] - The Audit Committee, chaired by Dr. Rui Meng, held four meetings and reviewed the Group's financial controls, risk management, and internal control systems[180] - The Remuneration Committee, chaired by Dr. Gerard A. Postiglione, held two meetings to review and approve the remuneration policies and structures for directors and senior management[181] - The Nomination Committee, chaired by Mr. Yu Guo, consists of one executive director and two independent non-executive directors[182] - All independent non-executive directors provided annual written confirmations of their independence in accordance with Listing Rule 3.13[175] - The Board is responsible for corporate governance functions, including setting policies, overseeing training, and reviewing compliance with corporate governance codes[176] - The CEO is responsible for executing the Board's strategies and development plans, as well as managing the Group's overall business operations[173] - One-third of the Board members are required to retire by rotation at each annual general meeting, with each director required to retire at least once every three years[174] - The Audit Committee reviewed the Group's audited consolidated financial statements for the year ended August 31, 2022, and the unaudited condensed consolidated results for the six months ended February 28, 2023[180] - The Remuneration Committee reviewed and approved the vesting of share options under the Pre-IPO and Post-IPO Share Option Schemes[181] - The board of directors consists of 1 female and 6 male members, reflecting the company's commitment to gender diversity[184] - The company held 2 nomination committee meetings during the fiscal year to review board structure, size, and composition, and to assess the independence of independent non-executive directors[185] - The board includes 3 independent non-executive directors, representing more than one-third of the total board seats[185] - The company paid a total of RMB 8,556,000 in professional fees to its auditor, Deloitte Touche Tohmatsu, for audit and non-audit services during the fiscal year[193] - Audit services accounted for RMB 6,018,000 of the total fees paid to the auditor[193] - Non-audit services, including interim reviews, contract arrangement reviews, preliminary announcement reviews, bond issuance-related agreed-upon procedures, and tax compliance services, amounted to RMB 2,538,000[193] - The company's senior management (excluding directors) received salaries ranging from HKD 500,001 to HKD 5,000,000 during the fiscal year[186][187] - The company secretary, Mr. Chen Yuanfeng, received at least 15 hours of relevant professional training during the fiscal year[194] - The company maintains a formal and transparent policy for director remuneration, ensuring that compensation is fair and reasonable based on experience, responsibilities, workload, performance, and the group's performance[186] - The company regularly organizes training courses and provides reading materials for directors, senior management, and employees to enhance their knowledge in various fields related to their daily duties and the group's business growth[189] Environmental Sustainability - Total gas emissions (excluding greenhouse gases) decreased from 6,022.7 kg in 2022 to 5,837.5 kg in 2023, with NOx emissions dropping from 5,460.5 kg to 5,304.9 kg[63] - Total liquid emissions increased from 5,023,513 tons in 2022 to 5,667,021 tons in 2023, with dormitory wastewater rising from 3,943,505 tons to 4,568,993 tons[63] - Total solid emissions decreased from 31,428 tons in 2022 to 23,382 tons in 2023, with non-hazardous waste dropping from 31,949 tons to 23,870 tons[63] - Per capita gas emissions (excluding greenhouse gases) decreased from 0.0317 kg in 2022 to 0.0236 kg in 2023, with NOx emissions per capita dropping from 0.0288 kg to 0.0214 kg[64] - Per capita liquid emissions increased from 22.10 tons in 2022 to 22.89 tons in 2023, with dormitory wastewater per capita rising from 17.35 tons to 18.45 tons[64] - Per capita solid emissions decreased from 0.1382 tons in 2022 to 0.0944 tons in 2023, with non-hazardous waste per capita dropping from 0.1405 tons to 0.0964 tons[64] - Total greenhouse gas emissions (Scope 1) decreased from 8,971 tons in 2022 to 8,333 tons in 2023, with emissions from stationary combustion dropping from 8,275 tons to 8,193 tons[65] - Energy indirect greenhouse gas emissions (Scope 2) increased from 139,219 tons in 2022 to 147,096 tons in 2023[65] - Per capita greenhouse gas emissions (Scope 1) decreased from 0.0394 tons in 2022 to 0.0336 tons in 2023, with emissions from stationary combustion per capita dropping from 0.0364 tons to 0.0331 tons[66] - Per capita energy indirect greenhouse gas emissions (Scope 2) decreased from 0.6124 tons in 2022 to 0.5941 tons in 2023[66] - The company aims to reduce per capita emissions of nitrogen oxides (NOx), sulfur dioxide (SO2), and particulate matter (PM) by 1-2% compared to the 2021/22 fiscal year[67] - The company plans to reduce per capita wastewater emissions from dormitories and canteens by 1-2% compared to the 2021/22 fiscal year[68] - The company targets a 1-2% reduction in per capita hazardous waste emissions (e.g., light bulbs and tubes) compared to the 2021/22 fiscal year[69] - The company aims to reduce per capita greenhouse gas emissions (Scope 1 and Scope 2) by 1-2% compared to the 2021/22 fiscal year, with 713 tons of CO2 offset by newly planted trees[70] - The company's electricity consumption increased to 188,766,210 kWh in the 2022/23 fiscal year, up from 176,853,384 kWh in the previous year[74] - Water consumption rose to 9,429,892 cubic meters in the 2022/23 fiscal year, compared to 8,763,620 cubic meters in the previous year[74] - Gasoline consumption decreased to 153,424 liters in the 2022/23 fiscal year, down from 163,692 liters in the previous year[74] - Diesel consumption dropped to 165,267 liters in the 2022/23 fiscal year, compared to 203,156 liters in the previous year[74] - The company planted 4,263 new trees and over 264,000 shrubs and seedlings during the reporting period[70] - The company implemented various energy-saving measures, including upgrading to LED lighting and optimizing electricity usage through smart devices[70] - Electricity consumption per student decreased from 778.0 kWh in 2021/22 to 762.4 kWh in 2022/23, a reduction of 2.0%[75] - Water consumption per student decreased from 38.6 cubic meters in 2021/22 to 38.1 cubic meters in 2022/23, a reduction of 1.3%[75] - Natural gas consumption per student decreased from 16.7 cubic meters in 2021/22 to 15.2 cubic meters in 2022/23, a reduction of 9.0%[75] - Gasoline consumption per student decreased from 0.7 liters in 2021/22 to 0.6 liters in 2022/23, a reduction of 14.3%[75] - Diesel consumption per student decreased from 0.9 liters in 2021/22 to 0.7 liters in 2022/23, a reduction of 22.2%[75] - The company aims to reduce per-student electricity usage by 1-2% compared to the 2021/22 fiscal year[77] - The company has implemented measures such as replacing old lighting with LED lights and setting air conditioning temperatures to 26°C or higher in summer[77] - The company has been recognized by the government for its water-saving efforts, with Shandong school being selected as a 2022 Water-Saving University in Shandong Province[78] - The company has established a campus energy monitoring platform to track and manage energy usage in student dormitories and administrative buildings[82] - The company is promoting paperless offices and has banned the use of plastic bags in canteens to enhance environmental protection[82] - The company implemented water and electricity conservation measures, including the use of smart metering systems and rainwater recycling for irrigation and road cleaning[84] - The company was recognized as a "Water-Saving University" in Shandong Province in 2022[84] Employee Management and Training - Total number of employees increased by 20.6% to 16,468 as of August 31, 2023, compared to 13,655 in the previous year[93] - Male employees accounted for 7,533, while female employees accounted for 8,935 as of August 31, 2023[94] - No stock options were granted to employees during the fiscal year ending August 31, 2023[89] - The company adheres to strict

Financial Performance - For the fiscal year ending August 31, 2023, the company reported revenue of RMB 5,616 million, an increase of 18.1% compared to RMB 4,756 million in the previous year[2]. - The gross profit for the same period was RMB 3,164 million, reflecting a growth of 14.9% from RMB 2,754 million[2]. - Adjusted net profit reached RMB 2,077 million, up by 9.8% from RMB 1,891 million year-on-year[2]. - The adjusted EBITDA was RMB 3,361 million, representing a 17.7% increase from RMB 2,856 million[2]. - The company's net profit for the year was RMB 1,541 million, a decrease of 20.4% compared to RMB 1,936 million in the previous year[73]. - Adjusted net profit increased by 6.0% year-on-year, reaching RMB 1,908 million[18]. - Adjusted EBITDA rose by 17.7% year-on-year, amounting to RMB 3,361 million[18]. - Total revenue for the year ended August 31, 2023, was RMB 5,616 million, up from RMB 4,756 million in the previous year[20]. - The company recorded a net loss of RMB 540 million for the year ended August 31, 2023, primarily due to impairment losses on goodwill and intangible assets amounting to RMB 458 million[35]. - Financing costs increased from RMB 308 million for the year ended August 31, 2022, to RMB 469 million for the year ended August 31, 2023, mainly due to rising interest expenses on bank and other borrowings[38]. Student Enrollment and Educational Offerings - The number of full-time new students registered for the 2023/24 academic year reached approximately 97,000, a year-on-year increase of about 17%[5]. - The total number of full-time students as of August 2023 was approximately 248,000, reflecting a year-on-year growth of about 7%[5]. - The company opened 372 applied undergraduate programs and 182 diploma programs, both increasing by 13 compared to the previous year[6]. - The company is focused on aligning its educational offerings with market demands, particularly in smart manufacturing and digital creativity[6]. - The company has been recognized for its quality of education and social reputation, enhancing its professional development in response to national strategies[6]. Campus Development and Infrastructure - The new campus construction in Shandong is progressing smoothly, with the first phase covering over 700 acres, expected to be operational in the 2024/25 academic year[10]. - The company has invested in modern facilities, adding approximately 200 smart classrooms and over 270 training rooms/labs, including key labs for AI and smart finance innovation[10]. - The company invested RMB 2,637 million in capital expenditures for campus expansion[18]. Financial Management and Capital Structure - As of August 31, 2023, the company had cash reserves of RMB 5,802 million and proposed a final dividend of RMB 0.1353 per share[2]. - The group issued RMB 500 million investment-grade guaranteed bonds maturing in 2026, rated "AA" by Standard & Poor's Global[49]. - The proceeds from the bond issuance will primarily be used for the construction and expansion of domestic campuses[49]. - The net debt-to-equity ratio as of August 31, 2023, was 15.3%, a decrease from 20.3% on August 31, 2022[44]. - The group has maintained a prudent treasury policy and a robust liquidity structure as of August 31, 2023[45]. Awards and Recognition - The company has been recognized for five consecutive years with the "China Excellent Management Company" award, highlighting its strong educational management system[15]. - The company has received significant support from domestic and international financial institutions for its high-quality, public welfare development model[11]. - The company has been recognized for its contributions to vocational education, with several schools receiving accolades for their innovative programs and teaching quality[9]. Employment and Talent Development - The total number of employees increased by 20.6% year-on-year to 16,468 as of August 31, 2023, primarily due to organic growth in existing schools and new campuses[56]. - The company provided scholarships to approximately 84,000 students over the past three years[17]. - The company trained nearly 28,000 migrant workers in various skills over the last three years[17]. - The company aims to strengthen its capital base through the placement and subscription to continue executing its industry consolidation strategy[55]. Corporate Governance - The company has adopted corporate governance principles and has complied with all relevant codes during the fiscal year ending August 31, 2023[68]. - The board believes that maintaining good corporate governance is essential for enhancing confidence among shareholders and potential investors[69].

Financial Performance - For the six months ended February 28, 2023, the company reported revenue of RMB 2,775 million, an increase of 18% from RMB 2,351 million in the same period of 2022[15]. - Gross profit for the same period was RMB 1,593 million, up from RMB 1,394 million, reflecting a gross margin improvement[15]. - The company achieved an operating profit of RMB 1,257 million, representing a 20% increase compared to RMB 1,043 million in the previous year[15]. - Net profit attributable to the owners of the company was RMB 977 million, a decrease of 16% from RMB 1,169 million in the prior year[15]. - Adjusted net profit for the period was RMB 1,045 million, up from RMB 908 million, indicating a 15% growth[15]. - The higher vocational education segment's revenue increased from RMB 1,947 million to RMB 2,348 million, representing a growth of 20.6%[25]. - The international education segment's revenue surged by 44.6%, from RMB 74 million to RMB 107 million, due to an increase in new student enrollments following the lifting of COVID-19 entry restrictions[27]. - The adjusted EBITDA for the six months ended February 28, 2023, was RMB 1,676 million, an increase from RMB 1,407 million in the same period of 2022[21]. - The profit for the period was RMB 1,036 million, a decrease of 14% from RMB 1,207 million in the previous year[88]. - The profit before tax for the group was RMB 1,069 million, compared to RMB 1,229 million for the same period in the previous year, indicating a decrease of approximately 13%[100]. Operational Highlights - The company operates in China, Australia, and the UK, enhancing its international presence and educational offerings[13]. - The company is focused on strengthening its "dual-teacher" model and expanding its vocational education capabilities[13]. - The company has achieved ISO-9001 international quality management system certification, underscoring its commitment to quality education[13]. - The company has increased its employee count to 14,925 as of February 28, 2023, representing a 15.6% increase from the previous year due to organic growth in existing schools and new districts[49]. - The company plans to utilize 70% of the net proceeds from previous placements for the expansion and development of new campuses in the Greater Bay Area[44]. Financial Position - Cash reserves increased to RMB 5,874 million as of February 28, 2023, up from RMB 5,521 million as of August 31, 2022[38]. - Total assets for properties, campuses, and equipment grew by 5.7% to RMB 16,593 million as of February 28, 2023, from RMB 15,700 million as of August 31, 2022[36]. - The company reported a total net asset of approximately RMB 34.87 billion and cash reserves of approximately RMB 5.87 billion as of February 28, 2023[80]. - The total liabilities decreased to RMB 8,402 million from RMB 9,386 million as of August 31, 2022[90]. - The company’s total assets increased to RMB 18,209 million as of February 28, 2023, compared to RMB 15,853 million at the same time last year[91]. Shareholder Information - The board declared an interim dividend of RMB 0.1638 per share, equivalent to HKD 0.1858, representing approximately 40% of the adjusted net profit attributable to the owners of the company[53]. - Major shareholders hold significant stakes, with the largest shareholder owning 1,507,900,000 shares, also representing approximately 59.36%[61]. - The company reported a total of 2,551,084,455 shares issued as of February 28, 2023[61]. - The company completed a placement agreement on January 9, 2023, issuing a total of 147,000,000 shares at a price of HKD 10.94 per share, raising approximately HKD 1.6 billion net after costs[46]. - The company repurchased a total of 3,923,000 shares at a total cost of approximately HKD 22.18 million during the six months ended February 28, 2023[55]. Debt and Financing - Financing costs rose from RMB 135 million to RMB 190 million, primarily due to increased interest expenses from bank loans and bonds[33]. - The company has a long-term loan agreement with the International Finance Corporation (IFC) for a maximum amount of USD 200 million, with a term of up to seven years[82]. - The company also has a loan agreement with banks for USD 189.5 million, with a maximum term of seven years[83]. - The total bank and other borrowings and bonds as of February 28, 2023, was RMB 8.42 billion, a decrease from RMB 8.89 billion as of August 31, 2022[15]. Compliance and Governance - The company has complied with all provisions of the corporate governance code as of February 28, 2023[57]. - The audit committee reviewed the unaudited consolidated financial statements for the six months ended February 28, 2023[58]. - The company has established a compensation structure for employees based on qualifications, experience, performance, and market levels, ensuring compliance with local labor laws[49]. - There were no reported disagreements between departing executives and the board[59]. Future Outlook - The company plans to continue expanding its market presence and developing new products and technologies[68]. - The company expects to continue its market expansion and product development initiatives in the upcoming periods, focusing on enhancing educational services and technology integration[116]. - The group anticipates sufficient resources to continue operations for at least the next twelve months, based on internal funding and expected bond issuance[95].

Financial Performance - Revenue for the six months ended February 28, 2023, was RMB 2,775 million, an increase of 18.0% compared to RMB 2,351 million for the same period in 2022[2] - Adjusted net profit for the six months ended February 28, 2023, was RMB 1,104 million, reflecting a growth of 16.7% from RMB 946 million in the prior year[2] - The adjusted EBITDA for the same period was RMB 1,676 million, up 19.1% from RMB 1,407 million in the previous year[2] - Gross profit for the six months ended February 28, 2023, was RMB 1,593 million, representing a 14.3% increase from RMB 1,394 million in the same period of 2022[2] - Operating profit for the six months ended February 28, 2023, was RMB 1,257 million, compared to RMB 1,043 million in the previous year[4] - The company reported a net profit of RMB 1,036 million for the six months ended February 28, 2023, down from RMB 1,207 million in the same period of 2022[4] - The adjusted net profit attributable to the company's owners was RMB 1,045 million, an increase of 15.1% from RMB 908 million in the prior year[2] - Investment income for the six months ended February 28, 2023, was RMB 43 million, up from RMB 23 million in the previous year[4] - The higher vocational education segment's revenue increased from RMB 1,947 million to RMB 2,348 million, representing a growth of 20.6% driven by an increase in student enrollment and average revenue per student[11] - The international education segment's revenue surged from RMB 74 million to RMB 107 million, a significant increase of 44.6%, primarily due to the lifting of entry restrictions that boosted new student enrollments[13] Costs and Expenses - Administrative expenses increased to RMB 387 million for the six months ended February 28, 2023, compared to RMB 373 million in the same period of 2022[4] - The main operating costs rose from RMB 957 million to RMB 1,182 million, an increase of 23.5%, attributed to expansion and increased student numbers[14] - Financing costs increased from RMB 135 million to RMB 190 million, primarily due to higher interest expenses associated with increased borrowings[21] - Total employee costs for the period were RMB 839 million, an increase of 22% from RMB 687 million in 2022[68] Cash and Financial Position - Cash reserves as of February 28, 2023, amounted to RMB 5,874 million[2] - The net debt-to-equity ratio as of February 28, 2023, was 14.0%, down from 20.3% on August 31, 2022, indicating improved financial stability[27] - As of February 28, 2023, the company's bank and other borrowings amounted to RMB 8,423 million, down from RMB 8,888 million on August 31, 2022[27] - The company has maintained a prudent treasury policy and a stable cash flow structure to meet its funding needs[28] - The group’s cash and cash equivalents decreased from RMB 4,793 million to RMB 3,302 million, a decline of approximately 31.1%[52] Assets and Liabilities - As of February 28, 2023, non-current assets totaled RMB 27,924 million, an increase from RMB 27,401 million as of August 31, 2022, reflecting a growth of approximately 1.9%[52] - Current assets amounted to RMB 6,946 million, up from RMB 6,175 million, indicating an increase of about 12.5%[52] - The total liabilities decreased from RMB 9,386 million to RMB 8,402 million, representing a reduction of approximately 10.5%[55] - The company's net current liabilities improved from RMB 1,438 million to RMB 1,313 million, showing a decrease of about 8.7%[52] - The total equity attributable to owners increased from RMB 14,008 million to RMB 15,581 million, marking a growth of approximately 11.2%[56] Shareholder Information - The company declared an interim dividend of RMB 0.1638 per share, equivalent to HKD 0.1858, representing approximately 40% of the adjusted net profit attributable to shareholders[43] - Basic earnings per share for the period were RMB 40.06, down from RMB 49.08 in the same period last year, a decrease of approximately 18%[51] - The company repurchased a total of 3,923,000 shares at a total cost of approximately HKD 22,181,280.09, with the highest and lowest prices per share being HKD 6.28 and HKD 5.35 respectively[46] Corporate Governance and Compliance - The company has complied with all corporate governance codes as per the listing rules during the reporting period[47] - The interim financial results were reviewed by the audit committee and the external auditor, Deloitte, confirming their accuracy and completeness[49] Future Plans and Investments - The company plans to issue offshore RMB 500 million investment-grade guaranteed bonds due in 2026, with proceeds primarily allocated for the construction and expansion of domestic campuses[32] - The company plans to continue expanding its operations in China and Australia, focusing on enhancing service offerings and market presence[63] - The group aims to strengthen its capital base through the placement and subscription to continue executing its industry consolidation strategy[38] Employee Information - The group employed 14,925 employees as of February 28, 2023, reflecting a 15.6% increase from 12,908 employees on February 28, 2022, due to organic growth in existing and new campuses[40] - The compensation structure for employees is determined based on individual qualifications, experience, performance, and contributions to the group, in line with market levels[40]

Enrollment and Educational Growth - In the 2021/22 academic year, the number of new students and enrolled students reached a historical high, with approximately 71,000 new students registered in domestic higher education, representing a 48% year-on-year increase[13]. - The company opened 359 applied undergraduate programs and 169 specialized programs, with increases of 74 and 60 programs respectively compared to the previous year[14]. - The number of students taking the national college entrance examination reached historical highs of 10.78 million and 11.93 million in 2021 and 2022 respectively[13]. - The number of applied graduates delivered to society was 61,000, representing a 19% growth year-on-year[18]. - The total number of enrolled students as of August 31, 2022, reached approximately 304,500, an increase of 26.9% compared to 240,004 students on August 31, 2021[32]. - Higher vocational education segment saw student enrollment rise to 246,049, up from 177,455 in the previous year[33]. Financial Performance - In the fiscal year 2021/22, the net profit of China Education Group Holdings increased by 31.5% year-on-year, reaching RMB 1,936 million[25]. - The adjusted EBITDA rose by 27.3% to RMB 2,856 million for the year ending August 31, 2022, compared to RMB 2,244 million for the previous year[25]. - The total assets of China Education Group Holdings amounted to RMB 33,576 million, reflecting a year-on-year growth of 25.5%[25]. - Revenue for the fiscal year ending August 31, 2022, was RMB 4,756 million, a 29.2% increase from RMB 3,682 million in 2021[40]. - Net profit for the same period was RMB 1,936 million, representing a 31.5% increase from RMB 1,472 million in 2021[40]. - Operating profit for the year was RMB 2,114 million, an increase from RMB 1,725 million in the previous year, reflecting strong operational performance[40]. Campus Expansion and Development - The company has expanded its educational capacity through new school openings and campus expansions, supporting its growth strategy[13]. - The construction of the new campus in Zhaoqing has been successfully completed in phases, with an additional land purchase of approximately 372 acres for the third phase[18]. - The new campus in Newcastle, Australia, received preliminary approval for an international enrollment quota of 1,000 students[21]. - The company plans to enhance its educational capacity with the opening of two new campuses in the Greater Bay Area and a fourth campus in Australia[38]. Quality of Education and Awards - The company received approximately 3,200 awards at international, national, and provincial levels for educational quality and social reputation during the reporting period[14]. - The company has strengthened its teaching team and enhanced the quality of education, with several schools receiving provincial and national teaching awards[14]. - The company has focused on high-quality, employment-oriented courses that are well-received by students, aligning with national strategic goals[14]. - The company has established a strong connection between its programs and industry needs, particularly in fields like artificial intelligence and modern information technology[14]. Industry Collaboration and Integration - The number of school-enterprise cooperation reached 3,475, an increase of 43% compared to the previous fiscal year[18]. - The company actively engages in industry-education integration, with 84 projects approved by the Ministry of Education for collaborative education[18]. - The company has established a new project in rural technology, enhancing local agricultural product branding and market access[20]. Employee Growth and Development - The total number of employees as of August 31, 2022, is 13,655, an increase of 23.8% compared to 11,034 in 2021, primarily due to the incorporation of staff from Sichuan School[96]. - The number of teachers increased to 9,611 in 2022 from 7,726 in 2021, representing a significant growth in the teaching staff[98]. - The group emphasizes employee development and training, implementing annual training plans focused on enhancing teaching and management capabilities[112]. - A total of 8,036 employees, or 58.9% of the workforce, received training aimed at personal and professional development during the reporting period[117]. Environmental, Social, and Governance (ESG) Initiatives - The group aims to enhance its ESG performance by providing systematic training for employees, encouraging them to improve their comprehensive capabilities and realize their self-worth[57]. - The group has established an ESG governance framework, with the board regularly assessing ESG impacts, risks, and opportunities, ensuring high-quality assurance for ESG reports[59]. - The group is committed to a business model that directly impacts low-income populations, emphasizing affordable and quality education as part of its sustainable development goals[62]. - The total emissions of the group for the year ended August 31, 2022, increased significantly to 8,971 tons from 4,098 tons in the previous year, primarily due to the incorporation of new schools and the resumption of classes post-COVID-19[70]. Corporate Governance - The company has maintained full compliance with the corporate governance code throughout the reporting period[164]. - The board of directors consists of four executive directors and three independent non-executive directors, ensuring a balance of skills and experience[165]. - The company has implemented a robust risk management and internal control system to ensure compliance and protect assets[190]. - The company emphasizes continuous development and improvement of corporate governance practices[170]. Community Engagement and Social Responsibility - The group’s community contributions included organizing social practice activities and volunteer services, positively impacting local communities[158]. - The group implemented various community benefit policies, enhancing student social responsibility and historical mission awareness[157]. - During the reporting period, the group organized 43 blood donation activities with over 15,262 participants, collecting a total of 157.58 million milliliters of blood[158].

Education Network and Growth - The group operates a network of 12 schools in China, including top private universities and four schools in the Guangdong-Hong Kong-Macao Greater Bay Area, along with one higher education institution in Sydney, Australia, and a dual-degree university in London, UK [17]. - The group is the largest publicly listed higher and vocational education group in China by student enrollment [17]. - The newly incorporated Chengdu Jincheng College, which joined the group in September 2021, ranks first among private independent colleges in China according to recent rankings [20]. - The total number of enrolled students reached approximately 309,000 as of February 28, 2022, representing a 23.4% increase from 250,339 students on February 28, 2021 [21]. - The higher vocational education segment saw significant growth with 250,385 students, up from 183,409 in the previous year, while the international education segment decreased to 2,782 students from 3,244 [22]. - The company plans to enhance its educational capacity with new campuses in the Guangdong-Hong Kong-Macao Greater Bay Area and a fourth campus in Australia [25]. - The new campus in Zhaoqing, Guangdong, is expected to accommodate an additional 9,000 students in its second phase, with a total capacity of 6,000 students in the first phase completed in September 2021 [27]. - The company anticipates a strong recovery in international student enrollment following the lifting of entry restrictions in Australia [21]. - The group expects a significant increase in new student enrollment in the next reporting period following the lifting of entry restrictions [39]. Financial Performance - Revenue for the six months ended February 28, 2022, was RMB 2,350,612, an increase of 29% from RMB 1,823,438 for the same period in 2021 [31]. - Net profit for the same period was RMB 1,206,343, up from RMB 852,239, reflecting a growth of 41.5% [31]. - The adjusted net profit for the six months ended February 28, 2022, reached RMB 946.4 million, an increase from RMB 777.5 million for the same period in 2021, representing a growth of 21.7% [34]. - The adjusted EBITDA for the same period was RMB 1,406.9 million, compared to RMB 1,100.9 million in 2021, reflecting a growth of 27.7% [37]. - Total revenue for the group reached RMB 2,350.6 million, up 28.9% from RMB 1,823.4 million in the previous year [39]. - The revenue from the higher vocational education segment increased by 44.2%, from RMB 1,349.7 million to RMB 1,946.3 million [39]. - The international education segment's revenue decreased to RMB 74.0 million, down from RMB 115.1 million, primarily due to COVID-19 related restrictions [39]. - The group's gross profit for the six months ended February 28, 2022, was RMB 1,393.2 million, an increase of 29.3% from RMB 1,077.5 million for the same period in 2021, with a gross margin of 59.3% [40]. - The company reported a total comprehensive income of RMB 1,203,131 thousand for the period, compared to RMB 855,826 thousand in the previous year, an increase of 40.6% [88]. Strategic Initiatives and Compliance - The group believes that national efforts to improve vocational education and increase graduate income will make its programs more attractive to future students [18]. - The policy aims to elevate the overall level of vocational education in China to be among the world's top by 2035 [19]. - The group focuses on providing high-quality education through innovation, aligning with national strategies for vocational training [18]. - The group has a mission to lead students to success through excellence and innovation in education [17]. - The group is committed to expanding its school network and enhancing educational offerings in response to favorable government policies [20]. - The group emphasizes the importance of industry-education integration and encourages social capital participation in vocational education [20]. - The company has adopted a prudent treasury policy and maintained a robust liquidity structure as of February 28, 2022 [47]. - The company has complied with all provisions of the corporate governance code as per the listing rules as of February 28, 2022 [57]. Capital Management and Investments - The company issued RMB 500 million offshore RMB bonds rated "AA" by S&P, marking the first investment-grade offshore RMB bond issued by a Chinese education company [29]. - The company raised approximately RMB 1,170.0 million from a placement completed on October 27, 2021, intended for potential acquisitions in the modern vocational education sector [50]. - The company issued convertible bonds totaling HKD 2,355,000,000 at an annual interest rate of 2.0%, maturing in 2024, to support ongoing business development [77]. - The company completed the acquisition of 100% equity in Longxing Investment Co., Ltd. during the reporting period, enhancing its market presence [100]. - The company reported a total of RMB 2,784,201 in other payables and accrued expenses as of February 28, 2022, compared to RMB 2,748,451 on August 31, 2021, indicating a slight increase in liabilities [139]. - The company has a significant amount of RMB 435,505 in deferred cash consideration related to past acquisitions, reflecting ongoing financial commitments [137]. Employee and Operational Metrics - As of February 28, 2022, the group had 12,908 employees, an increase of 20.8% from 10,688 employees on February 28, 2021, primarily due to the inclusion of new school employees during the reporting period [53]. - Employee costs increased to RMB 687,734,000 for the six months ended February 28, 2022, compared to RMB 478,026,000 in the previous year, reflecting a rise of about 43.8% [118]. - The company's short-term employee benefits for key management increased to RMB 9,156,000 compared to RMB 8,309,000 in the previous period [188]. Future Outlook and Market Expansion - The company provided an optimistic outlook for the next fiscal year, projecting a revenue growth of 20% driven by new product offerings and market expansion strategies [192]. - The company is planning to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years [192]. - A strategic acquisition of a local education technology firm is expected to be finalized by Q3 2022, which will enhance the company's digital capabilities [192]. - The company has launched a new online learning platform, which has already attracted over 50,000 users within the first month of operation [192]. - The company aims to increase its investment in research and development by 25% to foster innovation in educational products [192].

Financial Performance - The company's operating profit increased by 42.9% year-on-year, while net profit rose by 107.2%[24] - Adjusted net profit attributable to shareholders grew by 57.1% year-on-year, reaching RMB 1.55 billion[24] - Total assets amounted to RMB 26.7 billion, representing a year-on-year growth of 48.8%[24] - Cash reserves stood at RMB 5 billion, indicating strong liquidity[24] - The return on equity improved from 13.0% to 15.9%[24] - For the fiscal year ended August 31, 2021, the company's revenue reached RMB 3,682.4 million, a 37.5% increase from RMB 2,678.1 million for the fiscal year ended August 31, 2020[66] - The higher vocational education segment's revenue increased by 58.2% to RMB 2,759.6 million for the fiscal year ended August 31, 2021, compared to RMB 1,744.4 million for the previous year[67] - The company's gross profit for the fiscal year ended August 31, 2021, was RMB 2,175.1 million, representing a 35.9% growth from RMB 1,601.0 million in the prior year[72] - The adjusted net profit attributable to the company's owners for the fiscal year ended August 31, 2021, was RMB 1,546.4 million, compared to RMB 984.1 million for the fiscal year ended August 31, 2020[64] - The net profit for the fiscal year ended August 31, 2021, was RMB 1,471.8 million, up from RMB 710.4 million in the previous year[60] Enrollment and Educational Quality - The number of enrolled students significantly increased, reflecting the growing recognition of the company's educational quality[25] - In the 2021/22 academic year, the number of newly enrolled students increased by 34% year-on-year, reaching a historical high[29] - The group delivered 52,000 outstanding graduates to society in the 2020/21 academic year, supporting the high-quality development of the local real economy[29] - The group’s member schools achieved an average increase of over 50% in new student enrollment numbers compared to pre-conversion levels after transitioning independent colleges to private undergraduate institutions[29] - The group opened and upgraded 285 applied undergraduate programs and 109 specialized programs, with increases of 20 and 38 respectively compared to the previous year[32] - The gross enrollment rate in higher education increased from 40.0% to 54.4% during the 13th Five-Year Plan, with a target of reaching 60% by 2025[29] - Two new courses were awarded national-level first-class undergraduate course status, and 26 courses received provincial-level first-class course recognition[25] - The group has recognized the need for high-quality teachers as a key resource for vocational education reform[37] Campus Expansion and Partnerships - The expansion of new campuses contributed to a historical high in the number of graduates delivered to society[23] - The group invested over RMB 10 billion in key regions such as the Guangdong-Hong Kong-Macao Greater Bay Area and the Hainan Free Trade Zone[32] - The group has established partnerships with over 2,000 enterprises to enhance the integration of industry and education, ensuring that all programs are supported by industry collaboration[35] - The group plans to expand its operations by opening a new campus in Newcastle, Australia, which will increase student capacity by 35%[43] - The group has further increased its stake in Ganzhou West Railway Education to 90%, enhancing its control over Xi'an Railway College[52] Social Responsibility and Financial Aid - The group has provided financial aid to 73,559 students over the past three years, totaling RMB 84.91 million, which includes RMB 65.44 million in scholarships and grants, RMB 9.46 million in tuition waivers, and RMB 10.01 million in work-study programs[38] - The group emphasizes the importance of social benefits in its educational mission, aligning with national policies on private education[38] - A project on the reuse of mining waste by Jiangxi University of Science and Technology saved related enterprises a total of RMB 112 million over three years, highlighting the social value of the group's industry partnerships[35] ESG and Sustainability Initiatives - The group aims to integrate ESG principles into its operations, supporting sustainable development and energy efficiency initiatives[40] - The group has established an ESG governance framework, with the board overseeing ESG matters and conducting regular assessments of potential impacts, risks, and opportunities[99] - The ESG report emphasizes the group's commitment to environmental protection, social responsibility, and corporate governance, aiming for sustainable development[93] - The group is committed to executing IFC Green Building Standards for new school projects, targeting a 20% improvement in energy, water, and material efficiency compared to local construction standards[106] - The company has implemented energy-saving management systems to enhance electricity usage efficiency[126] Employee Development and Workforce - As of August 31, 2021, the total number of employees in the group reached 11,034, an increase of 24.9% compared to 8,833 in 2020, primarily due to the incorporation of Haikou University of Economics and its affiliated art school[155] - The number of teachers increased from 6,124 in 2020 to 7,726 in 2021, reflecting a significant growth in educational staff[157] - The group emphasizes employee development and training, with a focus on enhancing teaching abilities and management skills through a comprehensive annual training plan[178] - A total of 4,730 employees, or 53.6% of the workforce, received on-the-job training during the reporting period[187] - The employee turnover rate for the reporting period was 9.1%, down from 10.3% in the previous year, indicating improved employee retention[164] Safety and Compliance - The group has established strict safety management regulations to ensure the health and safety of staff and students, including regular safety inspections[169] - The group provides necessary labor protection and insurance for employees, including work injury insurance and basic medical insurance, to mitigate risks[171] - The group has implemented ISO 9001 quality management systems in its institutions to ensure safety and quality in educational environments[169]

Enrollment and Education Segments - As of February 28, 2021, the total number of enrolled students reached approximately 250,300, representing a 37.7% increase from 181,826 students on February 29, 2020[28]. - The higher education segment had 183,409 students, while the vocational education segment had 63,686 students, and the international education segment had 3,244 students as of February 28, 2021[29]. - The number of students enrolled in continuing education programs increased significantly, with 55,935 students as of February 28, 2021, compared to 23,790 students on February 29, 2020[29]. - The group operates 11 universities and vocational education institutions in China, one accredited higher education institution in Sydney, Australia, and one dual-degree university in London, UK[26]. - The total student enrollment growth is attributed to both organic growth and the addition of new schools to the group[28]. Course Offerings and Tuition Fees - The group offers a wide range of courses, including 12 master's programs, 292 undergraduate programs, 103 diploma programs, 168 vocational education programs, and 159 continuing education programs[26]. - Tuition fees are adjusted annually between 0% to 30%, subject to government approval, based on operational costs and market conditions[30]. - The tuition fees for ordinary undergraduate courses at Jiangxi University of Science and Technology increased to RMB 22,000–29,000 for 2020/2021 from RMB 19,000-26,000 in 2019/2020, representing an increase of approximately 15.8%[32]. - Guangdong Baiyun College's ordinary undergraduate course tuition fees rose to RMB 26,000–30,000 in 2020/2021 from RMB 20,000–30,000 in 2019/2020, indicating a growth of about 30%[32]. - The average tuition fees for vocational education programs at Xi'an Railway College increased to RMB 10,800 in 2020/2021 from RMB 9,800-10,800 in 2019/2020, reflecting a growth of approximately 10.2%[34]. - The tuition fees for vocational diploma courses at Baiyun Technician College remained stable at RMB 13,500-15,500 for 2020/2021, unchanged from the previous year[34]. Financial Performance - The company reported a revenue of 1,823,438,000 and a net profit of 852,239,000 for the six months ended February 28, 2021[56]. - The group's revenue for the six months ended February 28, 2021, reached RMB 1,823.4 million, an increase of 38.6% compared to RMB 1,315.2 million for the same period in 2020[62]. - The higher education segment's revenue increased from RMB 872.4 million to RMB 1,349.7 million, representing a growth of 54.7%[63]. - The vocational education segment's revenue slightly decreased by 4.3% from RMB 374.9 million to RMB 358.6 million due to COVID-19 restrictions[64]. - The international education segment's revenue rose by 69.5% from RMB 67.9 million to RMB 115.1 million, driven by the inclusion of King's College and an increase in student enrollment[65]. - Gross profit for the six months ended February 28, 2021, was RMB 1,077.5 million, with a gross margin of 59.1%, up from 57.6% in the previous year[68]. - Operating profit increased by 56.5% to RMB 880.9 million compared to RMB 562.7 million for the same period in 2020[72]. - Adjusted net profit rose by 41.9% to RMB 758.5 million, while the attributable adjusted net profit to the company's owners increased by 50.2% to RMB 737.7 million[76]. Acquisitions and Expansion - The acquisition of Haikou Economic College was announced in August 2020, and it became a consolidated subsidiary in September 2020[26]. - The company has identified significant potential for mergers and acquisitions in the private higher education sector, with over 700 private higher education institutions in China[37]. - The company has reviewed over 500 potential acquisition targets since its listing, with plans to seek more opportunities for schools with significant growth potential[39]. - The company strategically acquired three independent colleges, which are expected to enhance student enrollment and improve teaching quality[40]. - The company has expanded its program offerings, adding four new undergraduate programs at Haikou Economic College during the reporting period[36]. COVID-19 Impact and Response - The group refunded students a total of RMB 652 million in accommodation fees during the COVID-19 pandemic for a period of 2.5 to 5 months[30]. - The company implemented necessary health measures during the COVID-19 pandemic, with 96% of courses delivered online[55]. Corporate Governance and Compliance - The company has complied with all corporate governance codes as per the listing rules for the six months ended February 28, 2021[103]. - The company’s audit committee consists of three independent non-executive directors, ensuring the integrity and accuracy of the financial information[104]. - The company has implemented a recruitment policy that ensures equal employment opportunities regardless of age, gender, race, ethnicity, religion, or physical disability[98]. Employee and Shareholder Information - As of February 28, 2021, the company had 10,688 employees, representing a 19.8% increase from 8,922 employees as of February 29, 2020, primarily due to the addition of Haikou Economic College[97]. - The company declared an interim dividend of HKD 0.197 per share for the six months ended February 28, 2021, compared to HKD 0.134 per share for the same period in 2020[101]. - The total beneficial ownership of both Blue Sky BVI and White Cloud BVI combined is 1,500,000,000 shares, which is approximately 66.58% of the total issued shares[114]. Cash Flow and Financial Position - Total bank balances and cash increased by 15.7% from RMB 4,366.6 million as of August 31, 2020, to RMB 5,051.6 million as of February 28, 2021[81]. - The company's cash flow statement for the six months ending February 28, 2021, indicates significant operational cash flows, although specific figures were not detailed in the provided content[153]. - The company reported cash and cash equivalents of RMB 2,523,403 thousand as of February 28, 2021[145]. - The company’s goodwill stood at RMB 3,304,637 thousand, reflecting its ongoing investment in acquisitions and market expansion[145]. Future Outlook - The company anticipates steady growth in the private higher and vocational education sector in China, driven by favorable regulatory changes and market opportunities[37]. - The company is committed to providing exceptional educational services to more students by improving educational quality and employment readiness[37].