Financial Performance - The company achieved revenue of AUD 34.3 million for the fiscal year 2025, an increase of 18% driven by a 28.7% growth in student enrollment[13]. - Gross profit grew by 21.7% to AUD 15.5 million, with a gross margin improvement to 45.3%[13]. - Revenue increased by approximately 18.0% from about AUD 29.0 million for the year ending June 30, 2024, to about AUD 34.3 million for the year ending June 30, 2025[46]. - Gross profit rose by 21.7% from AUD 12.8 million for the year ending June 30, 2024, to AUD 15.5 million for the year ending June 30, 2025, with gross margin increasing from approximately 43.9% to 45.3%[49]. - Net profit increased by approximately 74.3% from about AUD 1.9 million for the year ending June 30, 2024, to about AUD 3.3 million for the year ending June 30, 2025[55]. - Interest income grew by 37.0% from about AUD 2.0 million for the year ending June 30, 2024, to about AUD 2.7 million for the year ending June 30, 2025, primarily due to an increase in term deposit amounts[50]. - Operating costs increased by approximately 15.0% from AUD 16.3 million for the year ending June 30, 2024, to AUD 18.7 million for the year ending June 30, 2025, in line with the increase in student enrollment[48]. - Administrative expenses rose by about 12.2% from AUD 8.3 million for the year ending June 30, 2024, to AUD 9.4 million for the year ending June 30, 2025[52]. - Marketing expenses increased by approximately 8.8% from about AUD 3.1 million for the year ending June 30, 2024, to about AUD 3.4 million for the year ending June 30, 2025[53]. Student Enrollment and Academic Programs - Student enrollment numbers reached a record high, with Perth becoming the largest campus, accounting for over half of the postgraduate population[13]. - The total number of students at the Australian National Institute of Management and Commerce (IMC) increased by 17% to 1,558 in the first semester of 2025 compared to the first semester of 2024[34]. - The full-time equivalent student load (EFTSL) for higher education services increased by approximately 28.7% for the fiscal year ending June 30, 2025[37]. - The Perth campus accounted for 54% of total enrollment in the first semester of 2025, with 93% of students being postgraduates[34]. - The company is actively pursuing new professional-oriented courses to ensure alignment with workplace demands and attract both local and international students[17]. - The group is focusing on developing new courses in response to market demand, which are pending accreditation from the higher education quality and standards agency[24]. - The law degree program received a five-year re-accreditation without conditions, maintaining the company's status as the only private, non-university institution offering a professionally recognized law degree[15]. - The group has submitted a proposal for a Doctoral program to the higher education quality and standards agency, with the Master of Business Research serving as the standard pathway to the Doctorate[33]. Strategic Initiatives and Partnerships - The company is expanding its global footprint with its first overseas partnership in Singapore, launching an MBA program through a local college[18]. - A new AI-supported micro-credential course focused on ESG will be launched in 2026, highlighting the company's commitment to digital transformation and sustainable education[18]. - The company aims to achieve university college status within the next five years, supported by a robust financial foundation and diverse academic offerings[19]. - The group has signed a memorandum of understanding with a private college in Singapore to offer its MBA programs, marking its first authorization of MBA courses to a third party[28]. - The group is exploring international partnerships, particularly in the Asia-Pacific region, to ensure sustainable growth and reduce reliance on students studying in Australia[41]. Governance and Compliance - The establishment of a Risk and Compliance Committee enhances the company's risk oversight capabilities and transparency[18]. - The group has established a risk and compliance committee to oversee risk management and compliance frameworks, meeting quarterly or more frequently as needed[32]. - The company faces risks related to brand reputation, regulatory compliance for student enrollment, and dependency on tuition fee levels[90]. - Independent non-executive directors have confirmed their independence in accordance with listing rules, and the company believes they maintain this independence[103]. Financial Position and Shareholder Information - The company has no debt and maintains a strong balance sheet with ample cash reserves, providing flexibility to pursue new initiatives[13]. - As of June 30, 2025, the group has cash on hand of approximately AUD 49.1 million, an increase from AUD 44.1 million as of June 30, 2024, with no bank borrowings reported[57]. - The debt-to-equity ratio as of June 30, 2025, is 0%, consistent with the previous year[58]. - The company proposed a final dividend of HKD 0.6 per share for the year ending June 30, 2025, compared to HKD 0.2 in 2024, pending shareholder approval[91]. - As of June 30, 2025, the company's distributable reserves amounted to AUD 17.9 million[97]. - The company has a diverse board with members possessing significant experience in finance, education, and corporate governance[84]. Employee and Share Incentive Plans - The company has established service contracts with executive directors for an initial term of three years, terminable with three months' written notice[100]. - The company has adopted a pre-IPO performance rights plan, stock option plan, and share incentive plan to motivate eligible participants for future contributions[112]. - The employee share incentive plan allows for a maximum of 1.5% of the total shares issued as rewards, equating to 38,828,220 shares[170]. - The maximum number of shares any selected employee can receive under the plan is capped at 0.5% of the total shares issued, which is 12,942,740 shares[170]. - The stock option plan must comply with the listing rules, and any discrepancies will be resolved in favor of the listing rules[158]. Future Outlook and Investments - The company plans to expand its academic offerings to meet the evolving needs of students and the industry, with new programs currently undergoing accreditation[41]. - The company allocated 41.0% of the total funds, amounting to HKD 70.4 million, for acquisitions or investments in education groups/institutions in China and Australia, with an expected completion by the end of 2025[200]. - 27.8% of the total funds, equivalent to HKD 47.8 million, is dedicated to developing "smart education" through digital education solutions in curriculum content and campus infrastructure[200]. - The company will expand TOP's marketing activities with 4.4% of the total funds, amounting to HKD 7.6 million, fully utilized[200].

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 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 承董事會命 澳洲成峰高教集團有限公司 公司秘書 應珉 悉尼，澳大利亞，2025年10月27日 TOP EDUCATION GROUP LTD 澳洲成峰高教集團有限公司 (於澳大利亞新南威爾士州註冊成立之有限公司) (ACN 098 139 176) (股份代號： 1752) 更改於澳洲的註冊辦事處及主要營業地點及總部及主要股份過戶登記處地址 澳洲成峰高教集團有限公司（「本公司」）董事會（「董事會」）兹宣布，本公司於澳 洲的註冊辦事處、主要營業地點、總部及主要股份過戶登記處地址更改為 Level 1, Bay 3, 2 Locomotive Street, Eveleigh NSW 2015, Australia，自2025年11月1日起生效。本公司電話 號碼維持不變。 本公司於香港之股份過戶登記分處保持不變。 於本公告日期，執行董事為徐榕寧博士、黃星石女士及楊清泉先生；非執行董事為李桂 平博士、戴羿先生 ...

Core Insights - The overall range of electric vehicles (EVs) continues to grow, particularly for pure electric vehicles from 2018 to 2023, with a notable increase in models offering ranges of 300-400 kilometers by 2025 [1][9] - The Ministry of Industry and Information Technology has published 22 batches of tax-exempt new energy vehicle models, with a total of 4,460 models listed for 2025, including 414 new models in October, indicating a decrease compared to previous quarters and the same period in 2024 [1][2] - The technology of tax-exempt models has shown steady improvement, with many pure electric passenger vehicles exceeding 600 kilometers in range as of October [1][9] Summary by Category 1. Tax-Exempt Vehicle Directory for 2025 - The 2025 tax-exempt directory includes 4,460 new energy vehicle models, with 414 new models added in October, reflecting a decrease from previous months in 2024 [2] - The overall number of new energy passenger vehicles in the directory for 2024-2025 is significantly higher than in previous years, indicating robust growth in the sector [3] 2. Changes in Powertrain Structure - The market for range-extended and plug-in hybrid vehicles is expected to see significant growth in 2025, despite a weaker performance in recent years [5] - Pure electric vehicles remain dominant in the bus segment, while hydrogen fuel vehicles are gaining attention, although no new hydrogen fuel passenger vehicles have been launched since the second half of 2024 [5] 3. Battery Energy Density - The energy density of batteries in pure electric vehicles has been gradually increasing, with a notable market push expected in 2025, particularly for models with energy densities around 130-145 Wh/kg [10][11] - Plug-in hybrids generally exhibit lower energy densities, with many products falling within the 100-120 Wh/kg range, while range-extended vehicles are increasingly equipped with high-energy-density batteries [11] 4. Electric Vehicle Range Analysis - The average range of pure electric passenger vehicles has reached 528 kilometers, with a growing number of models exceeding 600 kilometers in range by 2025 [9] - The average range for plug-in hybrid vehicles is around 137 kilometers, primarily concentrated in the 100-200 kilometer range, while range-extended vehicles average 205 kilometers [9] 5. Battery Technology and Market Trends - The market for battery technology is evolving, with a focus on higher energy densities and improved performance metrics for new energy vehicles, reflecting a shift towards more competitive and efficient products [10][11] - The introduction of new models from domestic brands such as BYD, Changan, and Geely is enhancing market competitiveness, with some models achieving low energy consumption rates [14][16]

Core Viewpoint - The traditional off-road vehicle market, previously dominated by foreign brands, is increasingly being recognized by domestic brands in the context of the new energy revolution in the automotive industry [2] Market Trends - Consumer demand is diversifying, with an increase in self-driving travel needs contributing to the growth of the off-road vehicle segment; the purchasing power of consumers from the 70s and 80s is expected to drive the market, making off-road vehicles a preferred choice for upgrades [2] - It is projected that by 2030, domestic and overseas sales of Chinese brand off-road vehicles will reach 1.66 million and 290,000 units, respectively [2] Company Developments - Jietu's first mass-produced model, the Jietu G700, was launched on October 19, with a price range of 329,900 to 414,900 yuan, and a promotional price starting at 304,900 yuan [2] - The Jietu G700 is positioned as a "full-domain luxury off-road SUV," showcasing advanced technology and design [2] Technological Innovations - The Jietu G700 has successfully crossed the Yangtze River, becoming the first off-road vehicle in automotive history to achieve this feat, demonstrating its advanced amphibious technology and superior sealing craftsmanship [3] - The vehicle's design incorporates a one-piece paint body and an active air circulation system, maintaining stability during its journey [3] Strategic Vision - The development of the Jietu G700 reflects a commitment to redefining luxury through advanced technology and innovation, aiming to establish a new standard for luxury vehicles that can be defined by Chinese brands [3] - The goal is not merely to create a better luxury off-road vehicle but to achieve equality in luxury off-road experiences through leading smart hybrid technology and comprehensive system innovations [3]

Core Viewpoint - Chery aims to break the long-standing dominance of international brands in the luxury off-road vehicle market and establish a presence for Chinese automotive brands in this segment [1] Company Summary - Chery Automobile Co., Ltd. has launched the Zongheng G700 globally, offering four variants with an official price range of 329,900 to 414,900 yuan, and a limited-time promotional price starting at 304,900 yuan [1] - The Zongheng G700 successfully crossed the Yangtze River in 22 minutes, demonstrating stability in challenging water conditions [1] - The vehicle is equipped with Huawei's Qiankun Intelligent Driving ADS 4 assistance system, featuring 27 perception components throughout the vehicle [1]

Core Insights - Chery's recent Global Innovation Conference showcased advancements in electrification, connectivity, intelligence, and sharing [2] - The company acknowledges challenges faced by Chinese automotive brands in international markets, emphasizing the need for sustainable growth and a reliable image [2][3] - Chery aims to establish a global innovation system to enhance technology, standards, and user experience, ensuring competitiveness in diverse markets [3] Group 1: Global Expansion and Challenges - Chery's chairman expressed pride in the increasing presence of Chinese electric vehicles abroad but highlighted issues such as brand adaptation and quality concerns [2] - The company recognizes that globalization should focus on sustainable practices rather than just scale and speed [2][3] Group 2: Innovation and Technology Development - Chery has developed a closed-loop innovation mechanism through the Kaiyang Laboratory, facilitating the transition from research to market-ready products [4] - The company plans to launch over 10 leading technologies, including the Flying Fish chassis and Kunpeng engine, to strengthen its global technological influence [4][5] Group 3: Future Plans and Local Adaptation - Chery intends to establish 26 overseas R&D centers in the coming years to enhance local market competitiveness and meet regulatory requirements [5] - The company has built a global innovation network with over 30,000 R&D personnel and 28 chief scientists to address diverse driving conditions worldwide [5]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年9月30日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 澳洲成峰高教集團有限公司 | | | 呈交日期: | 2025年10月3日 | | | I. 法定/註冊股本變動 不適用 | | | | 備註： | | | | 根據《澳洲公司法》，註冊公司概無設定法定股本，且並無就有關已發行股份採用「面值」的概念。 | | | FF301 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01752 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | | 已發行股份總數 | | | 上月底結存 | | | 2,171,686,000 | | | 0 | | 2,1 ...

Core Viewpoint - The launch of the 2026 Exeed Yaoguang C-DM Global Version marks a significant advancement in the mid-size hybrid SUV market, emphasizing high efficiency, safety, and luxury at an affordable price point [1][19]. Pricing and Model Variants - The Yaoguang C-DM Global Version is available in three configurations: 120 Long Range Two-Wheel Drive priced at 139,900 yuan, 210 Ultra Long Range Two-Wheel Drive at 169,900 yuan, and 200 Ultra Long Range Four-Wheel Drive at 189,900 yuan [2]. - A fuel version, the Yaoguang 400T Global Version, is also offered at a price of 139,900 yuan [2]. Value-Added Policies - The launch includes a value package worth 65,000 yuan, which features various benefits such as a 10,000 yuan trade-in subsidy, 10 years of free basic maintenance for the first owner, and lifetime free roadside assistance [3]. Design and Comfort Features - The vehicle incorporates the Atlantis Light Aesthetic design philosophy, with a focus on health and comfort, featuring OEKO-TEX certified materials and a spacious interior with a variable trunk capacity of 660-1783 liters [5]. - The cabin design emphasizes a high-quality experience with a soft-touch surface area of 71.3% [5]. Performance and Efficiency - The Yaoguang C-DM Global Version achieves a remarkable fuel consumption of 2.85L/100km in urban conditions, setting a new record for mid-size SUVs in China [11]. - The vehicle's powertrain includes a 1.5TGDI hybrid engine with a thermal efficiency of 44.5% and a DHT150 hybrid transmission, contributing to its low fuel consumption and high performance [13]. Safety Standards - The vehicle meets seven global safety standards and has received top safety ratings, including a G-level rating from the China Insurance Research Institute and five-star ratings from both European E-NCAP and Australian ANCAP [9]. Technological Advancements - The Yaoguang C-DM Global Version features advanced technology such as an intelligent energy recovery system and a unique four-wheel drive architecture that enhances driving performance and efficiency [18]. - The vehicle's battery system is designed to operate effectively in extreme temperatures, ensuring reliability across various climates [7]. Market Positioning - The launch of the Yaoguang C-DM Global Version enhances the brand's product lineup in the hybrid SUV market, targeting the mainstream price range of 120,000 to 200,000 yuan [16]. - The model has already gained traction in 19 countries, ranking among the top three in sales in specific European markets, showcasing the brand's global appeal and technological prowess [19].

Core Viewpoint - Australia-based company 成峰高教 (01752) announced a final dividend of HKD 0.006 per share to be distributed on December 16, 2025 [1] Company Summary - The company will distribute a final dividend of HKD 0.006 per share [1]

Group 1 - The company, Australia Chengfeng Higher Education (01752), announced a final dividend of HKD 0.006 per share to be distributed on December 16, 2025 [1]