Revenue and Profitability - For the six months ended February 28, 2025, the Group's revenue was approximately RMB720.9 million, representing an increase of approximately 12.6% year-on-year from approximately RMB640.1 million for the corresponding period of last year[17]. - Profit for the period was RMB234.3 million, reflecting a 6.6% increase from RMB219.9 million in the prior year[14]. - Adjusted net profit for the period was RMB240.98 million, an increase of 5.4% from RMB228.69 million[14]. - Earnings per share increased to RMB0.195, up 6.6% from RMB0.183[14]. - Total revenue for the six months ended February 28, 2025, increased by 12.6% to RMB720,861,000 compared to RMB640,111,000 for the same period in 2024[77]. - The increase in total revenue was primarily driven by a rise in student enrollment and average tuition fees[78]. - Total comprehensive income for the six months ended February 28, 2025, was RMB236,265,000, an increase of 7.3% compared to RMB219,908,000 for the same period in 2024[159]. Student Enrollment - Student enrollment increased to 56,056, up by 1,979 students or 3.7% compared to 54,077 students in the previous year[14]. - The Group maintained the number of schools at 3, with no change from the previous year[14]. - Huali College had 25,353 students enrolled, a slight increase of 0.7% from 25,183 students in the previous year[71]. - Huali Vocational College saw a significant enrollment increase of 18.0%, growing from 21,331 to 25,171 students[71]. - Huali Technician College experienced a decline in enrollment by 26.9%, dropping from 7,563 to 5,532 students[71]. - The Guangzhou campus of Huali College saw a notable decline in enrollment by 10.0%, from 21,092 to 18,987 students[71]. - The Jiangmen campus of Huali College experienced a substantial increase in enrollment by 55.6%, rising from 4,091 to 6,366 students[71]. - Huali Vocational College's Guangzhou campus enrollment increased by 18.9%, from 13,146 to 15,630 students[71]. Expenses and Costs - Cost of sales increased by approximately 23.3% year-on-year to approximately RMB364.2 million, up from approximately RMB295.3 million[18]. - Selling expenses rose by approximately 33.0% to approximately RMB17.9 million, attributed to increased marketing expenses for the 2024/2025 academic year[20]. - Administrative expenses increased by approximately 39.4% to approximately RMB81.8 million, up from RMB58.7 million in the previous year[21]. - The Group's cost of sales for the same period was approximately RMB364.2 million, representing a year-on-year increase of approximately 23.3% from approximately RMB295.3 million[23]. - The Group's administrative expenses increased by approximately 39.4% to approximately RMB81.8 million for the six months ended February 28, 2025, from approximately RMB58.7 million for the same period last year[26]. Financial Position - As of February 28, 2025, the Group's property, plant, and equipment amounted to approximately RMB5,057.9 million, an increase of about 3.0% from approximately RMB4,909.9 million as of August 31, 2024[39]. - Total assets decreased to RMB7,182,630,000 as of February 28, 2025, from RMB7,500,780,000 as of August 31, 2024, representing a decline of 4.2%[162]. - Total equity increased to RMB4,050,356,000 as of February 28, 2025, compared to RMB3,818,054,000 as of August 31, 2024, reflecting a growth of 6.1%[162]. - Current liabilities decreased significantly to RMB1,204,089,000 as of February 28, 2025, down from RMB1,647,116,000 as of August 31, 2024, a decrease of 26.9%[163]. - The Group's current liabilities exceeded its current assets by RMB734,618,000 as of February 28, 2025[174]. Cash Flow and Financing - Cash generated from operations for the six months ended February 28, 2025, was RMB96,551,000, an increase of 36.5% compared to RMB70,740,000 for the same period in 2024[167]. - Net cash generated from operating activities was RMB48,694,000, a significant recovery from a net cash used of RMB25,008,000 in the prior year[167]. - Cash and cash equivalents decreased to RMB395,654,000 as of February 28, 2025, from RMB840,875,000 as of August 31, 2024, a decline of 53.0%[162]. - The Group had significant capital commitments of RMB314,893,000 expected to be incurred within the coming twelve months for property, plant, and equipment[174]. - Interest paid decreased to RMB30,732,000 from RMB76,653,000 in the previous year, indicating improved financial management[167]. Corporate Governance and Compliance - The Company complied with all code provisions set out in the Corporate Governance Code during the reporting period, except for the separation of roles between the chairman and CEO[99]. - The Company has adopted a Model Code to regulate securities transactions, with all Directors confirming compliance throughout the reporting period[106]. - The audit committee consists of three independent non-executive directors, responsible for reviewing the integrity and accuracy of the financial information[113]. - The Board believes that good corporate governance is essential for enhancing confidence among shareholders, potential investors, and business partners[103]. Future Plans and Strategic Initiatives - The Group aims to expand campus capacity and improve teaching services to sustain growth in student enrollment[85]. - The Group plans to explore diversified non-formal vocational education to achieve sustainable long-term development[86]. - The company has established a wholly-owned subsidiary in California to expand its education operations overseas, indicating a strategic move towards international market expansion[154]. - The company is committed to meeting the Qualification Requirement for foreign investments in higher education, which includes compliance with local regulations[156].

Financial Performance - For the six months ended February 28, 2025, the company reported revenue of approximately RMB 720.9 million, an increase of 12.6% compared to RMB 640.1 million for the same period in 2024[4] - Gross profit for the six months ended February 28, 2025, was approximately RMB 356.7 million, up 3.4% from RMB 344.8 million in the prior year, with a gross margin of 49.5%[6] - The company recorded a pre-tax profit of approximately RMB 248.0 million, an increase of 3.1% from RMB 240.6 million in the previous year[13] - Adjusted net profit for the period was approximately RMB 240.98 million, reflecting a 5.4% increase from RMB 228.69 million in the previous year[3] - Net profit for the period reached RMB 234,312,000, an increase from RMB 219,908,000, reflecting a growth of approximately 6.5%[52] - Basic and diluted earnings per share were RMB 0.195, up from RMB 0.183, indicating improved earnings for shareholders[52] Student Enrollment and Tuition - The number of enrolled students increased to 56,056, representing a growth of 3.7% from 54,077 students in the previous year[3] - Tuition fees accounted for approximately 89.6% of total revenue for the six months ended February 28, 2025[29] - The number of students enrolled increased, contributing to revenue growth, with total student numbers reaching 56,056, a 3.7% increase from 54,077 in the previous year[28] - The average tuition fee for Huazhi College remained stable at RMB 30,800-37,800 for the 2024/2025 academic year, consistent with the previous year[34] - The revenue from Huazhi Vocational College's tuition fees rose by 29.3% to RMB 208.3 million, up from RMB 161.1 million[30] - The revenue from Huazhi Technician College's tuition fees decreased by 15.2% to RMB 36.5 million, down from RMB 43.0 million[30] Operating Costs and Expenses - The company's operating profit margin decreased to 39.7% from 44.9% year-on-year, reflecting increased sales costs[3] - Total sales costs rose to approximately RMB 364.2 million, a significant increase of 23.3% from RMB 295.3 million in the previous year[5] - Employee benefits expenses rose to RMB 229,445,000, up 38.3% from RMB 165,849,000 in the previous year[78] - Total financial expenses decreased to RMB 38,369,000 from RMB 46,994,000, a reduction of 18.0%[80] - Depreciation of property, plant, and equipment increased to RMB 101,577,000 from RMB 82,523,000, reflecting a 23.1% rise[78] Assets and Liabilities - Total assets as of February 28, 2025, amounted to RMB 7,182,630,000, a decrease from RMB 7,500,780,000 as of August 31, 2024, reflecting a decline of approximately 4.24%[53] - Total equity increased to RMB 4,050,356,000 as of February 28, 2025, compared to RMB 3,818,054,000 as of August 31, 2024, representing a growth of about 6.07%[53] - Total liabilities decreased to RMB 3,132,274,000 as of February 28, 2025, down from RMB 3,682,726,000 as of August 31, 2024, indicating a reduction of approximately 15%[54] - The company's total borrowings as of February 28, 2025, were RMB 1,963,909,000, with RMB 132,380,000 due within the next twelve months[57] - Cash and cash equivalents decreased significantly to RMB 395,654,000 as of February 28, 2025, from RMB 840,875,000 as of August 31, 2024, a decline of about 53%[53] Future Outlook and Strategic Initiatives - The company plans to focus on optimizing subject planning and professional integration to align with industry needs, enhancing the quality of education[40] - The company aims to expand campus capacity and improve teaching service quality to increase student enrollment[40] - The company plans to expand its market presence in Southern China, targeting a 25% increase in new student enrollments by the end of 2025[100] - New product offerings in vocational training programs are expected to launch in Q3 2025, aiming to capture an additional 5% market share[100] - The company is investing RMB 50 million in technology development to enhance online learning platforms over the next year[100] - Future guidance indicates a projected revenue growth of 20% for the fiscal year 2025[100] Compliance and Governance - The company has adhered to all corporate governance code provisions during the reporting period, ensuring compliance and transparency[46] - The audit committee, composed of three independent non-executive directors, reviewed the unaudited interim consolidated financial statements[50] - The board decided not to declare any interim dividend for the six months ended February 28, 2025, consistent with the previous year[45] Risk Management - The group has not experienced any changes in risk management policies during the six months ended February 28, 2025[67] - The group maintains a sufficient level of cash and cash equivalents to manage liquidity risk, anticipating future cash flow needs to be met through internal cash generation and borrowings[68] - The company has not recognized any significant loss provisions for trade and other receivables, indicating a low expected credit risk[92]

内容概要：近年来，我国经济结构逐步转型，从依赖制造业的经济转型为日益倚重由技术和服务带动的 服务型经济，对受过实践和职业培训并能快速适应工作环境的优秀人才需求巨大，同时，产业升级使得 以技能为导向的职业需求不断涌现，如汽车维修技术、烹饪技术等，企业对高素质工人的需求持续增 加，为职业教育培训行业带来了广阔的市场空间，此外，随着就业市场竞争激烈，人们为提升就业竞争 力和职业发展能力，对职业教育培训的需求也在不断增长，庞大的市场需求带动我国职业教育培训行业 市场规模持续扩容，据统计，2024年我国职业教育培训行业市场规模达5946亿元，其中，职工技术培训 约占34.2%，大学生应用型职教教育约占26.8%，高等职教约占21.9%，中等职教约占17.2%。 上市企业：新东方（EDU）、昂立教育（600661）、中公教育（002607）、中国新华教育 （02779.HK）、粉笔（02469.HK）、敦善文化（838726.NQ）、传智播客（003032）、行动教育 （605098） 关键词：职业教育培训市场政策、职业教育培训产业链、职业教育培训市场规模、职业教育培训竞争格 局、职业教育培训发展趋势 一、概述 职业教育 ...

Financial Performance - For the year ended August 31, 2024, the Group's revenue amounted to approximately RMB 1,268.5 million, representing an increase of approximately 17.1% from RMB 1,083.3 million for the corresponding period last year[22]. - The Group's gross profit for the year was RMB 666.3 million, reflecting a growth of 6.68% compared to RMB 624.6 million in the prior year[16]. - Profit for the period reached RMB 451.1 million, an increase of 14.77% from RMB 393.0 million in the previous year[16]. - Adjusted net profit was RMB 443.8 million, which is a 9.54% increase from RMB 405.1 million in the prior year[16]. - Earnings per share rose to RMB 0.376, representing a 14.63% increase from RMB 0.328 in the previous year[16]. - The gross profit margin decreased to 52.5% from 57.7%, a decline of 5.2 percentage points[16]. - The operating profit ratio slightly decreased to 45.2% from 45.8%[16]. - The net profit ratio also saw a minor decline to 35.6% from 36.3%[16]. - The Group's cost of sales amounted to approximately RMB602.2 million, increased by approximately 31.3% year-on-year from approximately RMB458.7 million for the year ended August 31, 2023[117]. - Profit before taxation was approximately RMB487.6 million, representing an increase of approximately 22.4% year-on-year from approximately RMB398.2 million for the year ended August 31, 2023[136]. - Taxation recorded was approximately RMB36.5 million, representing an increase of approximately 605.5% year-on-year from approximately RMB5.2 million for the year ended August 31, 2023[137]. - The Group's finance expenses were approximately RMB89.8 million, representing a decrease of approximately 13.2% year-on-year compared to approximately RMB103.5 million for the year ended August 31, 2023[135]. - The Group's capital expenditures for the year ended August 31, 2024, were approximately RMB523.4 million, representing a decrease of about 8.2% from approximately RMB570.1 million for the year ended August 31, 2023[147]. - As of August 31, 2024, the Group's bank balances and cash amounted to approximately RMB841.4 million, a decrease of approximately 14.8% from approximately RMB987.9 million as of August 31, 2023[148]. - The Group's debt ratio as of August 31, 2024, was 29.8%, down from 33.6% as of August 31, 2023[155]. Enrollment and Student Statistics - The number of students enrolled increased to 54,017, up by 1,277 students or 2.42% from 52,740 students in the previous year[15]. - The Group maintains three schools, with no change in the number of schools compared to the previous year[15]. - As of August 31, 2024, the total student enrollment across the three schools reached 54,017, an increase of 2.42% from 52,740 in the previous year[55]. - Huali College saw a significant enrollment increase of 16.67%, with 25,162 students compared to 21,567 in the previous year[57]. - Huali Technician College experienced a decline in enrollment by 30.33%, with 7,414 students compared to 10,641 in the previous year[57]. - The Jiangmen campus of Huali College reported a remarkable enrollment increase of 274.38%, rising to 4,062 students from 1,085[57]. - Huali Vocational College's enrollment increased by 4.43%, totaling 21,441 students compared to 20,532 in the previous year[57]. - Student enrollment increased to 54,017 in the academic year 2023/2024 from 52,740 in 2022/2023, with average tuition fees per student rising from RMB 19,110 to RMB 21,564[69]. Tuition and Revenue Sources - Tuition fees accounted for approximately 91.8% of the total revenue for the year ended August 31, 2024[63]. - Total tuition fee revenue for Huali College increased by 23.3% from RMB 623.5 million to RMB 768.5 million[66]. - The overall average tuition fee per student rose by 12.8% from RMB 19,110 in 2023 to RMB 21,564 in 2024[69]. - Huali College's average tuition fee per student increased from RMB 28,908 in 2023 to RMB 30,542 in 2024, reflecting a growth of 5.7%[69]. - The boarding fee revenue decreased significantly, with Huali Vocational College's boarding fees dropping by 56.1% from RMB 21,962 to RMB 9,636[66]. - The average boarding fee rates ranged from RMB 600 to RMB 14,000 per academic year depending on various factors[76]. Strategic Initiatives and Future Plans - The Group plans to continuously increase total enrollment by promoting campus construction and enhancing teaching services to improve business profitability[41]. - The integration of industry and education is prioritized, with successful implementation of the "Month of Industry-Education Integration" leading to an increase in collaborative projects[30]. - New majors such as new energy automobile engineering, blockchain engineering, and artificial intelligence have been added to meet the demands of emerging industries[27]. - The Group aims to develop a diversified non-formal vocational education business to achieve sustainable long-term development[41]. - The strategy of "Strengthening Schools with Talents" is being implemented to build a high-quality teaching team, focusing on both talent introduction and training[31]. - The Group emphasizes the importance of employment channels for graduates, actively broadening opportunities through various initiatives[39]. - Future policies will support the development of the education industry, aligning professional settings with industry needs to cultivate skilled talents[40]. - The Group aims to optimize professional structures to align with industry needs and cultivate high-quality skilled talents for local economies[92]. - Future business expansion will focus on developing a second curve of vocational education through an asset-light model and diversified non-formal vocational education[96]. Awards and Recognition - The company received the Vice-President Unit of the Third Council (2023-2028) award from the Guangdong Vocational Capacity Construction Association in September 2023[84]. - In October 2023, the company was recognized as the Zengcheng District High-level Talents Innovation and Entrepreneurship Base by the Organisation Department of Zengcheng District Committee of Guangzhou City[84]. - The company was awarded the Best Innovation and Practice University for High Quality Employment in 2023 by Jiuyeqiao.cn in November 2023[84]. - In December 2023, the company received the Outstanding Organisation Award for the Greater Bay Area e-Sports Competition from the Culture, Tourism, Radio and Television Bureau[86]. - The company was recognized as the Advanced Unit of Vocational Capacity Construction in Guangdong Province in 2023 by the Guangdong Vocational Capacity Construction Association in January 2024[86]. - The company was awarded the Executive Director Unit of Industry-Education Integration by the Standing Secretariat of the Industry-Education Integration Community of Creative Design Industry in April 2024[88]. - The company received the Advanced Unit award for the 24th "Contemporary Cup" National Preschool Teachers' Vocational Skills Competition in June 2024[89]. - The company was recognized as a council member of the Guangdong Higher Education Association's seventh council in July 2024[90]. Management and Governance - The Board consists of seven Directors, including four executive Directors and three independent non-executive Directors[165]. - Mr. Zhang Zhifeng, the founder and CEO, has been recognized for his contributions to education, receiving multiple awards including the "Special Contribution Award for Private Education" in April 2019[171]. - Mr. Ye Yaming, former CEO, has been acknowledged as an "Outstanding Educator of Vocational Training" in Guangdong Province in September 1994[177]. - Mr. Zhang Yude, appointed as COO on November 19, 2021, is responsible for the overall operation of the Group[180]. - Mr. Zou Kang, appointed as an executive Director on November 19, 2021, oversees the vocational training business and daily operations of Huali Technician College[182]. - The Group has a strategic focus on vocational education and training, leveraging its established institutions for market expansion[178]. - The Group's management team has extensive experience in education and vocational training, enhancing its operational capabilities[183]. - The company has a strong focus on compliance and corporate governance, with independent directors providing oversight and independent opinions to the Board[189]. - The company emphasizes the importance of vocational education, with directors having extensive experience in education management and training[186]. - The management team includes professionals with significant experience in finance, education, and corporate governance, ensuring informed decision-making[200]. Regulatory Environment - The regulatory framework for private education has been updated, allowing schools to choose between non-profit and for-profit classifications[98]. - The Group intends to register its three schools as for-profit private schools, pending local regulations[107]. - There are uncertainties regarding the impact of the Amendment on business operations, particularly concerning tax treatments for different school classifications[108].

大家早上好欢迎各位参加中国职业教育控股有限公司2024年度年度业绩发布会我们的会议现在正式开始本次的发布会以线上的形式进行目前各位线上的参会者均处于静音的状态接下来请允许我介绍今天出席业绩会的集团管理层 他们分别是集团执行董事兼首席运营官张玉德先生以及首席财务官张一玉先生那我们的会议呢今天的会议呢会分成三个部分一个是财务的摘要我们的业绩回顾以及集团的未来展望 首先我们有请集团的首席运营官首席财务官张艺玉先生来为大家进行一个我们2024财年的一个财务的回顾好有请张总尊敬的各位投资人分析师朋友们大家早上好我是张艺玉 下面请允许我代表集团向大家汇报2024财年年度的财务表现首先我们看到PPT的第五页从这次年度业绩的总体情况来看我们有较好的完成了既定的目标报告期内的营业成本达到人民币12.7亿同比增长约17.1% 毛利从人民币6.2亿增长到增长6.7%到6.7亿毛利率为52.5%以毕达为人民币7.9亿以毕达率达到62.6%净利润由3.9亿增长至4.5亿增速达14.8%集团整体财务实力呈现出稳步增长的趋势接下来我们看到第6页 集团的收入分析从这里我们可以看到集团主营业务主营收入依然为较往年增长15.6占总体收入的92% ...

Financial Performance - For the fiscal year ending August 31, 2024, the company reported revenue of approximately RMB 1,268.5 million, an increase of 17.1% from RMB 1,083.3 million in the previous year[4] - Gross profit for the fiscal year was approximately RMB 666.3 million, a 6.7% increase from RMB 624.6 million, with a gross margin of 52.5%, down 5.2 percentage points from the previous year[6] - The company recorded a net profit of approximately RMB 451.1 million, representing a 14.77% increase from RMB 393.0 million in the previous year[1] - Adjusted net profit was approximately RMB 443.8 million, up 9.54% from RMB 405.1 million, with an adjusted net profit margin of 35.0%, down 2.4 percentage points year-over-year[1] - The company reported a pre-tax profit of approximately RMB 487.6 million, an increase of 22.4% from RMB 398.2 million in the previous year[14] - The operating profit for the year was RMB 573,650,000, up from RMB 496,016,000, indicating a year-over-year increase of about 15.6%[103] - The net profit for the year reached RMB 451,090,000, compared to RMB 393,047,000 in the previous year, reflecting a growth of approximately 14.8%[103] - Basic and diluted earnings per share increased to RMB 0.376 from RMB 0.328, marking a rise of about 14.6%[102] Revenue Sources - Tuition fees accounted for approximately 91.8% of total revenue for the year ending August 31, 2024[40] - Revenue from tuition fees rose to RMB 1,164.8 million, a 15.6% increase from RMB 1,007.9 million[41] - The revenue from boarding fees increased to RMB 103.7 million, a 37.5% increase from RMB 75.4 million[41] - Other income rose by approximately 37.5% to RMB 51.5 million, up from RMB 37.4 million in the previous year[10] Student Enrollment - The number of enrolled students increased to 54,017, up by 2.42% from 52,740 in the previous year[1] - Total student enrollment across three schools as of August 31, 2024, is 54,017, an increase of 2.42% from 52,740 as of August 31, 2023[34] - Enrollment at Huazhong College increased by 16.67% to 25,162 students from 21,567 students in the previous year[34] - The Jiangmen campus of Huazhong College saw a significant increase in enrollment, rising 274.38% to 4,062 students from 1,085 students[34] Expenses and Costs - Total sales costs increased by 31.3% to approximately RMB 602.2 million, compared to RMB 458.7 million in the previous year[5] - Employee benefit expenses rose to RMB 364,457,000, a significant increase of 43.3% from RMB 254,525,000 in the previous year[135] - Total sales costs, selling expenses, and administrative expenses amounted to RMB 770,758,000, an increase of 23.4% from RMB 624,982,000 in 2023[135] Assets and Liabilities - The group's property, plant, and equipment as of August 31, 2024, is approximately RMB 4,909.9 million, reflecting a 5.8% increase from RMB 4,639.9 million as of August 31, 2023, due to the establishment of new campuses in Jiangmen, Guangdong[19] - Total assets as of August 31, 2024, amounted to RMB 7,500,780,000, an increase from RMB 7,274,639,000 in the previous year, representing a growth of approximately 3.1%[106] - Total liabilities decreased to RMB 3,682,726,000 from RMB 3,908,432,000, indicating a reduction of approximately 5.8%[109] - The group's debt ratio as of August 31, 2024, is 29.8%, down from 33.6% as of August 31, 2023[23] Future Plans and Strategies - The company plans to continuously improve the total number of enrolled students by enhancing campus construction and expanding educational and living facilities[70] - The company aims to develop a second curve of vocational education business through diversified non-academic vocational education focusing on a light asset model[70] - The company intends to register three schools as for-profit private schools, pending local government regulations[78] - The company emphasizes the importance of aligning professional structures with industry needs to cultivate high-quality skilled talents[70] - The company will strengthen its brand effect to enhance business profitability[70] - The company is committed to optimizing its professional structure distribution in line with economic development[70] - The company is focused on improving quality teaching services to better serve its students[70] Regulatory and Governance - The implementation of the new regulations will not significantly impact the company's current legal framework for operations in China[79] - The audit committee, composed of three independent non-executive directors, reviewed the financial results for the year ending August 31, 2024, ensuring the integrity and accuracy of the financial data[98] - The effective corporate income tax rate for the group's entities in China is 25%, with certain subsidiaries benefiting from reduced rates of 12% to 20%[141][142] Employee and Corporate Governance - As of August 31, 2024, the company employed 3,519 staff, an increase from 2,447 employees as of August 31, 2023[85] - The board resolved not to declare any final dividend for the year ending August 31, 2024, consistent with the previous year[87] - The annual general meeting is scheduled for January 17, 2025, with a suspension of share transfer registration from January 14 to January 17, 2025[88][89]

Financial Performance - For the six months ended February 29, 2024, the Group's revenue was approximately RMB 640.1 million, representing an increase of approximately 16.8% year-on-year from RMB 548.0 million for the corresponding period last year[22]. - The Group recorded a gross profit of approximately RMB 344.8 million, an increase of approximately 6.8% year-on-year from RMB 322.9 million, with a gross profit margin of 53.9%, down 5.0% year-on-year[24]. - Profit for the period was RMB 219.9 million, a 2.3% increase from RMB 215.1 million, while adjusted net profit rose by 5.6% to RMB 228.7 million from RMB 216.5 million[16]. - The Group recorded a profit before taxation of approximately RMB 240.6 million, representing an increase of approximately 9.6% year-on-year from RMB 219.6 million[41]. - Taxation for the period was approximately RMB 20.7 million, a significant increase of approximately 360.0% from RMB 4.5 million year-on-year[42]. - The adjusted net profit for the six months ended February 29, 2024, was approximately RMB 228.7 million, an increase of about 5.6% from approximately RMB 216.5 million for the same period last year[53]. - Total comprehensive income for the period increased to RMB 219,908,000, up from RMB 215,055,000, representing a growth of 1.3% year-over-year[194]. - Basic and diluted earnings per share for profit attributable to owners of the Company rose to RMB 0.183, compared to RMB 0.179 in the previous period, reflecting a 2.2% increase[194]. Enrollment and Student Statistics - The number of students enrolled was 54,077, a slight decrease of 0.1% from 54,109 in the previous year[16]. - The Group maintained the same number of schools at 3, indicating stability in its operational footprint[16]. - As of February 29, 2024, the total student enrollment across three schools is 54,077, with Huali College having 25,183 students, Huali Vocational College 21,331 students, and Huali Technician College 7,563 students[90]. - Huali College saw a 16.5% increase in enrollment from 21,615 to 25,183 students, with the Jiangmen campus experiencing a significant growth of 116.7%[92]. - Huali Technician College experienced a decline in enrollment by 30.7%, dropping from 10,912 to 7,563 students[92]. - The total enrollment change from February 28, 2023, to February 29, 2024, shows a slight decrease of 0.1%[92]. Revenue Sources and Tuition Fees - Tuition fees accounted for approximately 91.8% of the total revenue for the six months ended February 29, 2024[95]. - Revenue from Huali College tuition fees increased by 23.2% to RMB383.9 million, while Huali Vocational College saw a 14.5% increase to RMB161.1 million[97]. - Huali Technician College experienced a decline in tuition revenue by 25.0%, down to RMB43.0 million[97]. - Boarding fees increased by 35.3% to RMB52.2 million, with Huali College contributing RMB20.1 million[97]. - Average tuition fees increased, contributing to the overall revenue growth for the Group[98]. Expenses and Cost Management - Cost of sales increased by approximately 31.1% year-on-year to RMB 295.3 million from RMB 225.2 million, primarily due to rising staff costs and other operational expenses[23]. - Selling expenses surged by approximately 114.3% to RMB 13.5 million from RMB 6.3 million, attributed to increased marketing expenses for the 2023/2024 academic year[25]. - The operating profit ratio decreased to 44.9%, down 4.0% from the previous year, reflecting the impact of increased costs[16]. - The net profit ratio was 34.4%, a decline of 4.8% compared to the previous year[16]. - Administrative expenses decreased by approximately 10.7% year-on-year to approximately RMB 58.7 million from RMB 65.7 million[32]. - Finance expenses – net decreased by approximately 4.6% year-on-year to approximately RMB 49.8 million from RMB 52.2 million, mainly due to a decrease in interest expenses on bank borrowings[35]. Strategic Initiatives and Future Plans - Future strategies may focus on enhancing student enrollment and optimizing tuition fees to counteract rising costs and improve profitability[22]. - The Group plans to enhance student enrollment by promoting campus construction and improving educational facilities, aiming for sustainable long-term development[113]. - The Group is focusing on an asset-light model by developing diversified non-formal vocational education businesses to expand its second curve of business[113]. - The company aims to cultivate high-quality skilled talents aligned with local economic needs through optimized professional structures[113]. - The Group's recruitment strategy emphasizes hiring experienced teachers with relevant industry backgrounds to improve educational quality[115]. Corporate Governance and Compliance - The Company did not declare any interim dividend for the six months ended February 29, 2024, consistent with the previous period[131]. - The Audit Committee consists of three independent non-executive Directors, responsible for reviewing the completeness and accuracy of the Group's financial information[134]. - The Company complied with all code provisions set out in the Corporate Governance Code, except for the separation of roles between the chairman and CEO[126]. - The Board believes that good corporate governance enhances confidence among shareholders and potential investors[129]. - The Group has maintained effective internal controls and operational efficiency as evaluated by the audit committee[139]. Employee and Operational Metrics - As of February 29, 2024, the Group had 2,765 employees, an increase of 26.3% from 2,189 employees as of February 28, 2023[119]. - The remuneration packages for employees are determined based on individual qualifications, experience, performance, and prevailing market rates[120]. - The Group participates in social insurance plans, including pension, medical, unemployment, work injury, and maternity insurance[120]. Assets and Liabilities - As of February 29, 2024, the Group's property, plant, and equipment amounted to approximately RMB4,771.3 million, representing an increase of approximately 8.1% year-on-year from RMB4,412.0 million as of February 28, 2023[50]. - Total assets decreased to RMB 6,959,028,000 from RMB 7,274,639,000, indicating a decline of approximately 4.3%[199]. - Total equity increased to RMB 3,580,827,000, up from RMB 3,366,207,000, marking an increase of about 6.4%[199]. - Current liabilities decreased to RMB 1,397,364,000 from RMB 1,720,722,000, a reduction of about 18.8%[199]. - Borrowings decreased to RMB 1,885,208,000 from RMB 2,053,735,000, reflecting a decline of approximately 8.2%[199]. - Cash and cash equivalents significantly decreased to RMB 424,321,000 from RMB 985,499,000, a drop of about 56.9%[199].

好,欢迎大家参加中国职业教育2024台北国际业余发布会现在发布会正式开始在开始之前我们会今天的这个业余会将会有两个部分 【授权人员与授权人互动】 【採訪者】尊敬的各位投資人、分析師朋友們,你們好我是財務負責人張奕昱 下面由我代表集团向大家汇报2024财年中期的财务表现我们首先看到包含的第四页从这次中期业绩的总体情况来看集团业绩持续稳健提升报告期内的主营业务收入达到人民币6.4亿 总比增长约17%毛利由人民币3.2亿增长至3.41亿增幅约6.8%毛利率为53.9比比达达到人民币3.9亿比比达率为61.6%经调整净利润由2.2亿增长至2.3亿 增付约为5.6%接下来我们看到包含的第五链集团的收入分析从这里我们可以看到集团主营收入依然持续稳健增长刚才提到本期的总收入为人民币6.4亿元增速达到16.8% 其中学费收入占总收入的91.8%同比增长约15.4%主要的增长来源于我们旗下的学校包括华丽学院华丽职业学院的人数增加和三院校平均学费的提升从收入占比结构上看我们本科学校的收入占比还是最大的占整体收入的65.1% 约有4.2亿其他收入本期为1600万主要则依于集团在非学历教育业务的拓展积极向学生提供职业技能提升培训服务 ...

Financial Performance - For the six months ended February 29, 2024, the company reported total revenue of RMB 640,111,000, an increase from RMB 548,044,000 for the same period in 2023, representing a growth of approximately 16.8%[37]. - Tuition fees accounted for RMB 587,932,000, up from RMB 509,476,000 in the previous year, indicating a year-over-year increase of about 15.4%[37]. - Boarding fees increased to RMB 52,179,000 from RMB 38,568,000, reflecting a growth of approximately 35.4%[37]. - The company achieved a profit before tax of approximately RMB 240.6 million, which is a year-on-year increase of about 9.6% from RMB 219.6 million[43]. - The company reported a net profit margin of 34.4%, down 4.8% from the previous year[52]. - The company recorded a gross profit of approximately RMB 344.8 million, an increase of about 6.8% from RMB 322.9 million year-on-year, resulting in a gross margin of 53.9%, down 5.0% from the previous year[39]. - Operating profit rose to RMB 287.6 million for the six months ended February 29, 2024, up from RMB 268.1 million for the same period in 2023, reflecting an increase of approximately 7.3%[139]. - Profit for the period attributable to owners of the company was RMB 219.9 million for the six months ended February 29, 2024, compared to RMB 215.1 million for the same period in 2023, marking a growth of about 2.0%[139]. - Basic and diluted earnings per share for the six months ended February 29, 2024, were RMB 0.183, compared to RMB 0.179 for the same period in 2023, representing an increase of approximately 2.2%[139]. Expenses and Costs - Employee benefit expenses increased to RMB 165,849,000, up from RMB 120,376,000, reflecting a growth of approximately 37.7%[19]. - Total sales costs, selling expenses, and administrative expenses reached RMB 367,456,000, an increase from RMB 297,205,000, representing a growth of approximately 23.6%[19]. - Financial income from bank interest was RMB 2,788,000, while financial expenses from bank loans amounted to RMB (44,234,000), resulting in a net financial expense of RMB (46,994,000) for the period[9]. - Financial expenses amounted to approximately RMB 49.8 million, a decrease of about 4.6% from RMB 52.2 million for the same period last year[42]. - Marketing expenses increased by approximately 114.3% to RMB 13.5 million due to higher promotional spending for the 2023/2024 academic year[56]. Assets and Liabilities - As of February 29, 2024, total borrowings (including principal and interest) amounted to RMB 2,697,680,000, with RMB 449,750,000 due within one year[32]. - The group's total assets amounted to RMB 6,959,028,000, a decrease from RMB 7,274,639,000 as of August 31, 2023, representing a decline of approximately 4.3%[117]. - The company's total equity increased to RMB 3,580,827,000 as of February 29, 2024, compared to RMB 3,366,207,000 as of August 31, 2023, reflecting an increase of about 6.4%[117]. - The total liabilities decreased to RMB 3,378,201,000 as of February 29, 2024, down from RMB 3,908,432,000 as of August 31, 2023, indicating a reduction of approximately 13.6%[118]. - The company reported cash and cash equivalents of RMB 424,321,000 as of February 29, 2024, a significant decrease from RMB 985,499,000 as of August 31, 2023, representing a decline of about 56.9%[117]. Student Enrollment and Education Services - The number of enrolled students was 54,077, a slight decrease of 0.1% from 54,109 students in the previous year[52]. - The total number of students enrolled as of February 29, 2024, was 54,077, a slight decrease of 0.1% from 54,109 in the previous year[97]. - The number of students at Huazhi College increased by 16.5% to 25,183 from 21,615 in the previous year[97]. - The occupancy rate for the total capacity of the schools is 81.2% for the 2023/2024 academic year, down from 88.9% in the previous year[77]. - The group operates three schools in Guangdong Province, all of which offer government-recognized degrees or certificates[95]. Taxation and Compliance - The group benefits from a reduced income tax rate of 15% for certain subsidiaries in China, as per local tax incentives[10]. - The company has not recorded taxable profits in Hong Kong for the six months ended February 29, 2024, and therefore has not made any provisions for Hong Kong profits tax[24]. - The company continues to benefit from tax incentives for educational services provided in mainland China, with no income tax expenses recognized for the period[23]. - The estimated average annual tax rate used for the six months ended February 29, 2024, was 9.1%, compared to 1.7% for the six months ended February 28, 2023[174]. Capital Expenditures and Commitments - For the six months ended February 29, 2024, the group recorded capital expenditures of approximately RMB 282.6 million, a decrease of about 4.8% compared to RMB 296.7 million for the six months ended February 28, 2023, primarily due to reduced expenditures on new campus construction[90]. - The company has significant capital commitments for property, plant, and equipment amounting to RMB 94,613,000 expected to be incurred within the next twelve months[123]. - The company has unutilized committed credit facilities totaling RMB 2.1 billion, valid until April 18, 2025, and is in discussions with several commercial banks for additional credit[47]. Governance and Risk Management - The company’s financial risk management policies have not changed during the reporting period[29]. - The company has implemented plans and measures to ensure sufficient cash flow for ongoing operations over the next twelve months[144]. - The company has maintained compliance with corporate governance codes and standards throughout the reporting period[135]. - The group actively monitors foreign exchange risks and considers hedging significant foreign currency risks when necessary[91]. - The company’s independent audit committee consists of three independent non-executive directors, ensuring the integrity and accuracy of the financial information[114].

Financial Performance - For the year ended August 31, 2023, the Group's revenue amounted to approximately RMB 1,083.3 million, representing an increase of approximately 19.3% from approximately RMB 907.8 million for the corresponding period last year [21]. - Gross profit for the year was RMB 624.6 million, an increase of 29.5% from RMB 482.2 million in the previous year [17]. - Profit for the year increased to RMB 393.0 million, reflecting a growth of 51.3% compared to RMB 259.8 million in the prior year [17]. - Adjusted net profit for the year was RMB 405.1 million, up 53.6% from RMB 263.8 million in the previous year [17]. - Earnings per share increased to RMB 0.328, representing a growth of 51.9% from RMB 0.216 in the previous year [17]. - The gross profit ratio improved to 57.7%, up from 53.1% in the previous year, indicating enhanced profitability [17]. - The group's revenue increased from approximately RMB 907.8 million for the year ended August 31, 2022, to approximately RMB 1,083.3 million for the year ended August 31, 2023, representing a growth of RMB 175.5 million [26]. - The Group's net profit for the year was RMB 393.0 million, up from RMB 259.8 million in the previous year, representing a year-on-year growth of approximately 51.2% [124]. - The Group recorded a profit before taxation of approximately RMB 398.2 million for the year ended August 31, 2023, which is an increase of approximately 42.8% year-on-year from RMB 278.9 million [112]. Student Enrollment and Educational Offerings - The number of student enrollments in the Group was 52,740, representing an increase of 11.9% from 47,131 as at August 31, 2022 [23]. - The increase in revenue was attributed to a rise in both student numbers and average tuition fees [23]. - Huali College saw a 22.4% increase in enrollment, with 21,567 students compared to 17,622 students in the previous year [44]. - Huali Vocational College's enrollment increased by 12.0%, reaching 20,532 students from 18,338 students [44]. - Huali Technician College experienced a decrease in enrollment by 4.7%, with 10,641 students compared to 11,171 students in the previous year [44]. - The total number of students enrolled across all schools increased to 52,740 for the academic year 2022/2023, up from 47,131 in 2021/2022 [55]. - The company offers a total of 38 undergraduate majors and 1,850 undergraduate programs across its schools [36]. - The Group continues to focus on applied science-focused and practice-oriented programs in its educational offerings [22]. Revenue Sources and Tuition Fees - Tuition fees accounted for approximately 93.0% of total revenue for the year ended August 31, 2023 [48]. - Huali College's tuition revenue increased by 29.2% to RMB623.5 million, while Huali Vocational College's tuition revenue rose by 16.5% to RMB275.7 million [50]. - The average tuition fees per student increased to RMB19,110 for the year ended August 31, 2023, compared to RMB17,748 in the previous year [55]. - The average tuition fee for Huali College rose to RMB28,908, up from RMB27,391 in the previous year [55]. - Boarding fees increased by 5.8% to RMB75.4 million, with Huali College seeing a significant rise of 47.4% in boarding fees [50]. Campus and Infrastructure Development - The Group operates three schools, maintaining the same number as the previous year, which supports its stable educational offerings [18]. - The Group plans to enhance campus construction and improve teaching quality to boost profitability [29]. - The school capacity for the Zengcheng campus increased to 29,556 in the 2022/2023 academic year from 28,971 [68]. - The company aims to align its educational services with local economic development to cultivate high-quality skilled talents [75]. Strategic Plans and Future Outlook - The company aims to develop a diversified non-formal vocational education business focusing on an asset-light model for sustainable long-term growth [29]. - The Group plans to register its three schools as for-profit private schools, subject to further detailed local rules and regulations [86]. - The Group intends to align its educational services with local economic development to cultivate high-quality skilled talents [75]. - The Group's expansion strategy through acquisitions will not be impacted by the new implementation rules [93]. Management and Governance - The board consists of seven directors, including four executive directors and three independent non-executive directors [145]. - The management team has a diverse background in education and finance, enhancing the company's strategic direction [175]. - The company emphasizes civic engagement, with board members actively participating in local governance and educational initiatives [177]. - The company is committed to continuous improvement in educational standards and training methodologies [164].