香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因依賴該等內容而引致的任何損失承擔任何責任。 China 21st Century Education Group Limited 中國21世紀教育集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1598） 截至2023年6月30日止六個月的中期業績公告 財務摘要 截至6月30日止六個月 2023年 2022年 變動 變動 （人民幣千元）（人民幣千元）（人民幣千元） 百分比 （未經審核） （未經審核） 收入 192,102 144,822 47,280 32.6% 毛利 76,194 71,847 4,347 6.1% EBITDA 91,414 66,650 24,764 37.2% 期間利潤 33,367 27,103 6,264 23.1% 每股盈利（人民幣分） 2.94 2.37 0.57 24.1% ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因依賴該等內容而引致之任何損失承擔任何責任。 China 21st Century Education Group Limited 21 1598 截至2022年12月31日止年度年報的補充公告 茲提述本集團於2023年4月27日刊發的截至2022年12月31日止年度年報（「年報」）。除另有 指明外，本公告所用詞彙與年報所界定者具有相同涵義。 股份獎勵計劃 除年報所披露的資料外，以下載列上市規則第17.07條規定的若干補充資料： (1) 於2022年1月1日，根據股份獎勵計劃可供進一步授予的股份總數為89,001,600股股 份。 (2) 於2022年12月31日，就根據股份獎勵計劃授出的獎勵而可予發行的股份總數為 9,511,200股股份，佔截至2022年12月31日止年度已發行股份加權平均數約0.82%。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因依賴該等內容而引致之任何損失承擔任何責任。 China 21st Century Education Group Limited 21 1598 截至2022年12月31日止年度年報的補充公告 茲提述本集團於2023年4月27日刊發的截至2022年12月31日止年度年報（「年報」）。除另有 指明外，本公告所用詞彙與年報所界定者具有相同涵義。 股份獎勵計劃 除年報所披露的資料外，以下載列上市規則第17.07條規定的若干補充資料： (1) 於2022年1月1日，根據股份獎勵計劃可供進一步授予的股份總數為89,001,600股股 份。 (2) 於2022年12月31日，就根據股份獎勵計劃授出的獎勵而可予發行的股份總數為 9,511,200股股份，佔截至2022年12月31日止年度已發行股份加權平均數約0.82%。 ...

Enrollment and Student Statistics - As of December 31, 2022, the total number of full-time students enrolled in the group’s schools reached 23,888, an increase of 27.1% compared to 18,792 in the previous year[7][4] - The number of full-time students in the vocational education sector was 19,809, up 16.0% from 17,076 in 2021[21] - The group expanded its high school education business, with 2,361 students enrolled at Shijiazhuang Yuying Experimental High School as of December 31, 2022[22] - The group maintained a stable operation of the New Horizon Kindergarten, with 1,718 students enrolled, slightly up from 1,716 in 2021[23] - The group provided management services for 3,888 students at the Xixiao Campus of Sifang College[21] - Total full-time students reached 23,888 in 2023, marking a 27.1% increase from 18,792 in 2022[67] - The employment rate for vocational education graduates was approximately 97.1% as of December 31, 2022, up from 96.6% in the previous year[58] - The student retention rate improved to 97.4% in 2023, up from 88.8% in 2022, indicating enhanced student satisfaction and engagement[67] Financial Performance - The group's revenue for 2022 was RMB 311.9 million, with a gross profit of RMB 146.4 million, resulting in a gross margin of 46.9%, up from 41.1% in 2021[36] - Gross profit rose by 15.4% to RMB 146.4 million in 2022, with gross margin increasing from 41.1% to 46.9%[71] - Revenue increased by approximately 1.0% from RMB 308.8 million in the year ended December 31, 2021, to RMB 311.9 million in the year ended December 31, 2022, primarily due to an increase in student enrollment at Shijiazhuang Institute of Technology[168] - The increase in revenue included approximately RMB 38.1 million from the rise in student numbers and RMB 21.5 million from new high school business, offset by a decrease of approximately RMB 54.6 million due to restructuring and closure of certain K12 operations[168] - The company's net profit decreased from approximately RMB 28.7 million in the year ended December 31, 2021, to approximately RMB 26.7 million in the year ended December 31, 2022[89] - Other income and gains decreased by approximately 41.1% from RMB 598 million in the year ended December 31, 2021, to approximately RMB 352 million for the year ended December 31, 2022, primarily due to a decrease in fair value changes of external investments and foreign exchange gains[137] Teacher and Staff Statistics - The number of full-time vocational education teachers increased to 772, representing a 31.7% growth from 586 in the previous year[2] - The total number of teachers, including part-time, reached 1,366, reflecting a 25.1% increase from 1,092 in the previous year[2] - The proportion of teachers with a bachelor's degree or above reached 85.0%, and 76.3% of teachers had more than two years of service[2] - The total number of teachers increased by 31.7% to 772, reflecting the acquisition of Shijiazhuang Yuying Experimental Middle School[67] - The company employed approximately 1,202 staff members as of December 31, 2022, down from 1,330 the previous year, with regular reviews of compensation policies based on industry standards[124] Strategic Initiatives and Partnerships - The group is actively responding to national policies promoting vocational education, focusing on integrating education with industry and supply chains[19] - The company has formed strategic partnerships with key enterprises, including Geely Automobile Group and Huawei Technologies, to enhance practical training and employment opportunities for students[86] - The company has established 12 industry colleges, enhancing its integration of education and industry, and has been recognized for its leadership in this area[25] - The company is exploring innovative financing mechanisms to attract social capital for vocational education, including loans backed by future operating income and intellectual property[153] - The company is focused on developing new educational programs and courses that align with industry needs, supported by government initiatives[154] Operational Efficiency and Management - The EBITDA for 2022 was RMB 119.1 million, compared to RMB 102.0 million in 2021, indicating a growth in operational efficiency[36] - The company has developed a digital management platform to enhance operational efficiency, integrating various business units for real-time data updates and visual management[119] - The company is committed to expanding its market presence and enhancing its operational capabilities through strategic appointments and management changes[175][182] - The management emphasizes the importance of adapting to market demands and enhancing educational offerings to meet the evolving needs of students and employers[161] Future Development Plans - The company plans to complete the new campus of Shijiazhuang Institute of Technology by September 2023, which is expected to enhance enrollment and revenue growth[75] - The new campus is expected to accommodate approximately 30,000 students, focusing on the development of applied technology and multi-disciplinary coordination[84] - Future development will be anchored on new vocational education, with Shijiazhuang Institute of Technology as the foundation and new campuses marking the next phase[161] - The company aims to become a comprehensive vocational talent service provider, focusing on integrating quality educational resources and expanding into diversified educational services[161] Compliance and Governance - The company continues to focus on compliance and investor relations, ensuring effective governance and communication with stakeholders[182] - The company has not reported any new appointments or dismissals of directors and senior management outside of the disclosed changes during the reporting period[188] - The company disclosed no significant contracts, transactions, or arrangements involving directors or related entities that had a material interest in the business as of December 31, 2022[199]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因依賴該等內容而引致的任何損 失承擔任何責任。 China 21st Century Education Group Limited 中國21世紀教育集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1598） 截至2022年12月31日止年度之年度業績公告 年度業績摘要： 截至12月31日止年度 2022年 2021年 變動 變動 （人民幣千元）（人民幣千元）（人民幣千元） 百分比 收入 311,908 308,767 3,141 1.0% 毛利 146,384 126,825 19,559 15.4% EBITDA 119,094 101,984 17,110 16.8% 年內利潤 26,718 28,740 (2,022) (7.0%) 每股盈利（人民幣分） 基本 — 年內利潤 2.39 2.56 (0.17) (6.7%) ...

Financial Performance - Total revenue for the six months ended June 30, 2022, was RMB 144.82 million, a decrease of 8.3% compared to RMB 157.99 million for the same period in 2021[11]. - Gross profit for the same period was RMB 71.85 million, down 11.3% from RMB 80.96 million in 2021, resulting in a gross margin of 49.6%[11]. - The pre-tax profit for the first half of 2022 was RMB 27.12 million, a significant decline of 38.4% from RMB 43.99 million in the same period of 2021[11]. - EBITDA for the six months ended June 30, 2022, was RMB 66.65 million, down 8.3% from RMB 72.69 million in 2021[11]. - Net profit for the period was RMB 27,103 thousand, down 38.7% from RMB 44,156 thousand in the same period last year[174]. - Basic and diluted earnings per share for the period were RMB 2.37, compared to RMB 3.90 for the same period in 2021[174]. - Period profit decreased by approximately 38.6% from RMB 44.2 million to RMB 27.1 million due to the aforementioned factors[75]. Student Enrollment and Retention - The number of total students enrolled as of June 30, 2022, was 30,464, a decrease of 2.7% from 31,316 in 2021[12]. - Full-time students increased by 9.7% to 18,704 from 17,051 in the previous year, while continuing education students decreased by 17.6% to 11,760 from 14,265[12]. - The student retention rate improved to 93.3% from 90.5% in the previous year, indicating better student engagement[12]. - As of June 30, 2022, the total number of students enrolled in the company's schools was 30,464, comprising 18,704 full-time students and 11,760 part-time students, reflecting a decrease of 2.7% from 31,316 students in the previous year[36]. - The full-time student enrollment in vocational education at Shijiazhuang Institute of Technology increased by 10.3% to 16,870, with the number of full-time college students rising by 8.8% to 13,753[36]. - The employment rate for graduates as of June 30, 2022, was approximately 96.6%, an increase of 1.3% from 95.4% in the previous year[50]. Educational Infrastructure and Development - The company operates 13 physical schools, including one private college and various training institutions, enhancing its educational service offerings[6]. - The new campus of Shijiazhuang Institute of Technology is expected to accommodate approximately 30,000 students, with the first batch of 8,000 students anticipated to enroll by September 2023[21][22]. - The company has acquired a total of 279,577.48 square meters of educational land and 46,269.12 square meters of commercial land for the new campus[21]. - The company aims to expand its vocational education services by establishing a new campus for Shijiazhuang Institute of Technology and enhancing the quality of education[62]. - The company is committed to providing targeted practical courses through industry colleges and skill training, improving student employability and institutional brand[27]. Strategic Partnerships and Collaborations - The company has formed strategic partnerships with over 700 domestic and international enterprises, including 32 Fortune 500 companies, enhancing practical training resources[27]. - The collaboration with local governments and enterprises aims to create a talent service business that addresses employment and industry talent shortages[25][26]. - The partnership with the government of Gaoyi County includes acquiring 200 acres of commercial land for building an industrial park, facilitating student internships and training[29]. - The company is actively involved in the "Double High" construction plan for vocational education quality improvement in Hebei Province, approved in the first half of 2021[30]. Financial Position and Assets - Current assets increased slightly from RMB 699.4 million to RMB 699.8 million, with cash and cash equivalents rising from RMB 334.3 million to RMB 427.4 million[76]. - The current ratio improved from 126.4% to 168.7%, primarily due to a decrease in current liabilities[77]. - Total borrowings increased from RMB 446.5 million to RMB 642.1 million, reflecting the company's liquidity management strategy[79]. - The debt-to-asset ratio increased by approximately 3.7 percentage points to 53.8% due to a significant rise in interest-bearing loans[81]. - As of June 30, 2022, total non-current assets amounted to RMB 863,903,000, an increase of 28.06% from RMB 674,657,000 as of December 31, 2021[176]. - The company's net assets increased to RMB 721,922,000, up from RMB 685,787,000, representing a growth of 5.26%[177]. Corporate Governance and Shareholder Information - The board of directors consists of 8 members, including 5 executive directors and 3 independent non-executive directors[92]. - The company is committed to maintaining high levels of corporate governance to protect shareholder interests[96]. - The company has adopted the corporate governance code as per the listing rules and has complied with all relevant provisions[96]. - As of June 30, 2022, the total number of shares issued by the company was 1,161,204,000[119]. - Major shareholder Ms. Cao Yang has a spouse interest in 758,712,000 shares, accounting for 65.34% of the equity[120]. Stock Options and Incentive Plans - The company granted stock options totaling 2,220,000 shares to Mr. Li Yurun, with 666,000 shares vesting on December 29, 2021[114]. - The share option plan was approved on May 4, 2018, to incentivize eligible individuals to enhance their contributions to the group[126]. - The maximum number of options that can be granted to any individual within a 12-month period cannot exceed 1% of the company's issued share capital[131]. - The share incentive plan allows for a maximum of 10% of the total issued shares as of the adoption date to be used for purchasing shares[159]. - A total of 16,902,900 shares are pending exercise as of June 30, 2022, with 30% vesting after 12 months, 30% after 24 months, and 40% after 36 months from the grant date[162].

Educational Operations - As of December 31, 2021, the group operated 14 schools, including 1 private vocational college and 8 kindergartens, with a total of 17,076 full-time students in the vocational education sector, representing a 3.2% increase from 16,553 students in 2020[10] - The total number of students decreased to 29,314 in 2021, a decline of 4.5% from 30,689 in 2020[20] - The number of full-time students in vocational education at Shijiazhuang Institute of Technology was 17,076, an increase of 3.2% from the previous year[36] - The retention rate for students dropped to 88.8% in 2021, down from 97.5% in 2020[20] - The retention rate for students in the quality education segment dropped to 41.4%, down from 57.4% the previous year, reflecting a decrease of 27.9%[38] - The company has established four industry colleges, covering disciplines such as computer network technology and modern mobile communication technology[45] - The company has formed stable partnerships with 14 enterprises for 19 specialized programs, accounting for 25.7% of total programs, and has set up 22 order classes involving over 600 students[47] - The company has registered over 1,000 enterprises on its integrated platform for employment, entrepreneurship, and management services, providing more than 20,000 job positions[53] - The employment rate for graduates in the 2020-2021 academic year was approximately 96.6%, an increase of 0.5% from 96.1% in the previous year[44] Financial Performance - Total revenue for 2021 was RMB 308,767,000, an increase of 21.6% from RMB 253,802,000 in 2020[19] - Gross profit for 2021 was RMB 126,825,000, with a gross margin of 41.1%, down from 48.2% in 2020[19] - Net profit decreased from approximately RMB 78.8 million to RMB 28.7 million for the year ended December 31, 2021, due to the aforementioned factors[80] - Revenue increased by approximately 21.7% from RMB 253.8 million for the year ended December 31, 2020, to RMB 308.8 million for the year ended December 31, 2021, primarily due to an increase in student enrollment and a recovery in quality education revenue[70] - Cost of sales rose by approximately 38.3% from RMB 131.5 million to RMB 181.9 million, mainly due to increased employee costs and normalizing educational activities post-COVID-19[71] - Gross profit increased by approximately 3.7% from RMB 122.3 million to RMB 126.8 million, while gross margin decreased from approximately 48.2% to 41.1% due to rising sales costs[72] - Other income and gains rose by approximately 41.8% from RMB 42.2 million to RMB 59.8 million, mainly due to increases in fair value changes of investments[73] - Administrative expenses increased by approximately 26.8% from RMB 56.1 million to RMB 71.2 million, primarily due to increased share-based payment costs[76] - Financing costs surged by approximately 118.0% from RMB 12.2 million to RMB 26.6 million, attributed to increased loan amounts from financial institutions[78] Strategic Initiatives - The company plans to focus on vocational education and expand through partnerships and acquisitions[15] - The company aims to enhance the quality of vocational education by optimizing professional structures and introducing leading educators[15] - The company has closed certain training schools and recognized impairment on related goodwill in response to national policies, focusing on a new vocational education development strategy[9] - The company is adjusting its after-school internship business in response to regulatory requirements and is innovating talent cultivation mechanisms[66] - The company is collaborating with Lushang Group to provide management consulting services to enhance competitiveness in county-level high schools[66] - The company aims to establish a modern vocational education system by 2025, focusing on high-quality development and skill-based social construction[65] - The company plans to deepen the integration of industry and education through internal development, mergers, and government-enterprise cooperation[66] Shareholder and Governance - The board proposed a dividend of HKD 0.63 per share for the fiscal year 2021, reflecting a commitment to return value to shareholders[14] - The company will hold its annual general meeting on June 28, 2022, to discuss the proposed dividend and other matters[145] - The board consists of 8 members, including 5 executive directors and 3 independent non-executive directors[159] - The company has established a remuneration committee to review the remuneration policies based on operational performance and market practices[175] - The company confirmed that all independent non-executive directors were independent as of December 31, 2021[172] Compliance and Risk Management - The company is committed to maintaining compliance with regulatory standards, enhancing corporate governance practices[120] - The company has maintained compliance with relevant laws and regulations, establishing mechanisms for compliance operations during the fiscal year[131] - The company faces various risks, including operational, industry, and regulatory changes, which could impact its business outlook and student enrollment[133] Employee and Operational Metrics - As of December 31, 2021, the group had approximately 1,330 employees, a decrease from 1,532 employees as of December 31, 2020, reflecting a reduction of about 13.2%[94] - The group regularly reviews its employee compensation policies and benefits based on industry practices and the group's performance[94] - The group participates in various employee social security plans managed by local governments, including housing, pension, medical, and unemployment insurance[94] Technological Advancements - The company introduced an AI college entrance examination platform to support students in the Beijing-Tianjin-Hebei region, enhancing its educational offerings[13] - The company has implemented a "Smart Campus" system to enhance management levels and optimize student services through digital platforms[52] - Investment in new technology development has increased by 40%, focusing on enhancing user experience and operational efficiency[117] Market Expansion - The company is expanding its market presence in Southeast Asia, targeting a 20% market share by the end of 2024[115] - A strategic acquisition is planned, which is anticipated to enhance the company's service offerings and increase market competitiveness[116] Awards and Recognition - The company received 379 awards at the provincial and national levels, reflecting its strong educational performance[43] - The company was awarded "Best Education Company" at the Capital Market Forum and the 5th Golden Hong Kong Stock Awards, recognizing its robust growth and development potential[54] - The company was awarded the "Best Information Disclosure" in the Greater China region for 2021 due to its high-quality information disclosure practices[56]

| --- | --- | --- | --- | --- | --- | |------------------------------------------------|------------------------------|--------------------------------------------|-------|-------|-------------| | | | | | | | | | | | | | | | | | 21世紀教育 | | | | | (於開曼群島註冊成立的有限公司) 股份代號 : 1598 | 中國 21 世紀教育集團有限公司 | CHINA 21ST CENTURY EDUCATION GROUP LIMITED | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2021 期報告 | 公司簡介 公司资料 = · 三· 财務及運營摘要 管理層討論與分析 四· 企業管治報告及其他資料 五、 未經審核中期簡明綜合損益及其他全面收益表 ...

21世紀教育 2IST CENTURY EDUCATION CHINA 21ST CENTURY EDUCATION GROUP LIMITED 中國21世紀教育集團有限公司 ( 於開曼群島註冊成立的有限公司 ) 股份代號 : 1598 年報 2020 目錄 | --- | --- | --- | |-------|-------|-------------------------------| | | | | | | | | | 2 | | 一、 公司資料 | | 3 | | 二、 主席報告 | | 6 | | 三、 財務及運營摘要 | | 8 | | 四、 管理層討論與分析 | | 24 | | 五、 董事及高級管理層 | | 30 | | 六、 董事會報告 | | 69 | | 七、 企業管治報告 | | 83 | | 八、 環境、社會及管治報告 | | 126 | | 九、 獨立核數師報告 | | 131 | | 十、 綜合損益及其他全面收益表 | | 133 | | 十一、 綜合財務狀況表 | | 135 | | 十二、 綜合權益變動表 | | 137 | | 十三、 綜合現金流量表 | | 139 ...

CHINA 21ST CENTURY EDUCATION GROUP LIMITED 中國21世紀教育集團有限公司 ( 於開曼群島註冊成立的有限公司 ) 股份代號 : 1598 中期報告 2020 目錄 | --- | |----------------------------------------------| | | | 一、公司簡介 | | 二、公司資料 | | 三、財務及運營摘要 | | 四、管理層討論與分析 | | 五、企業管治報告及其他資料 | | 六、未經審核中期簡明綜合損益及其他全面收益表 | | 七、未經審核中期簡明綜合財務狀況表 | | 八、未經審核中期簡明綜合權益變動表 | | 九、未經審核中期簡明綜合現金流量表 | | 十、未經審核中期簡明綜合財務報表附註 | | 十一、釋義 | 一、公司簡介 中國21世紀教育集團有限公司（「本公司」，與本公司之附屬公司統稱「本集團」）（股票代號：1598）是京津冀地區首家 在香港上市的民辦教育集團，秉承「因教育而創造平等」的核心理念，持之以恒地為客戶提供基於個性化需求的優質 教育服務和解決方案。 本集團業務涵蓋職業教育+素質教育－「全賽道」，高等學 ...