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希望教育(01765) - 2024 - 年度财报
2024-12-31 12:11
3、 於2024年1月8日,桂林山水職業學院與桂林經濟技術開發區管理委員會訂立項目合作協議,據此,桂 林經濟技術開發區管理委員會將出讓位於中國桂林桂林經濟技術開發區內一塊總面積約350畝的地塊 的土地使用權。有關詳情,請參閱本公司日期為2024年1月8日的公告。 4、 於2024年1月16日起,呂志超先生因工作安排變更而辭任非執行董事務。同時,呂志超先生辭去審計 委員會職務及戰略與發展委員會職務。有關詳情,請參閱本公司日期為2024年1月16日的公告。 5、 於2024年1月16日至2024年2月29日期間,本公司執行董事、首席執行官兼控股股東汪輝武先生於公 開市場交易陸續增持本公司股份。有關詳情,請參閱本公司2024年1月16日、2024年1月17日、2024 年1月18日、2024年1月22日、2024年2月14日及2024年2月29日的公告。 6、 於2024年1月24日起,李濤先生已由執行董事調任為非執行董事並獲委任為審計委員會成員,及黃忠 財先生已獲委任為執行董事兼戰略與發展委員會成員。有關詳情,請參閱本公司日期為2024年1月24 日的公告。 7、 於2024年1月31日,江西文演投資管理有限公司 ...
希望教育(01765) - 2024 - 年度业绩
2024-12-02 04:01
Teacher and Student Development - The company added over 500 new teachers and nearly 100 with associate senior titles or above, optimizing the teacher structure and enhancing teaching quality[2] - The employment rate of graduates ranks among the top of similar institutions, attracting more students, with the 2024-2025 academic year enrollment reaching a record high[4] - Overseas student enrollment increased by 15% year-on-year, with Malaysia's INTI International University improving its QS ranking by 40 places to 516 globally[4] - The total number of enrolled students as of October 31, 2024, was 291,264, compared to 290,927 in the previous year[23] Internationalization and Partnerships - The company established cooperation with over 110 universities in more than 40 countries globally, advancing internationalization[4] - The company aims to expand the scale of individual schools and increase the proportion of overseas schools in its operations[27] Financial Performance - Revenue for the fiscal year ending August 31, 2024, was RMB 3,732.07 million, an increase from RMB 3,581.63 million in the previous year[31] - Gross profit for the fiscal year ending August 31, 2024, was RMB 1,573.57 million, down from RMB 1,680.18 million in the previous year[31] - Adjusted net profit for the fiscal year ending August 31, 2024, was RMB 693.18 million, compared to RMB 874.81 million in the previous year[34] - Revenue for the fiscal year ending August 31, 2024, was RMB 3,732.07 million, an increase of RMB 150.44 million compared to RMB 3,581.63 million in 2023, driven by an increase in student enrollment and higher tuition fees[39] - Adjusted gross profit for 2024 was RMB 1,621.68 million, a decrease of RMB 139.09 million from RMB 1,760.77 million in 2023, with the adjusted gross margin dropping to 43.45% from 49.16%[42] - Adjusted net profit for 2024 was RMB 693.18 million, a decrease of RMB 181.63 million from RMB 874.81 million in 2023, with the adjusted net profit margin falling to 18.57% from 24.42%[48] - Revenue increased to RMB 3,732,066 thousand in 2024, up 4.2% from RMB 3,581,632 thousand in 2023[74] - Gross profit decreased to RMB 1,573,565 thousand in 2024, down 6.3% from RMB 1,680,182 thousand in 2023[74] - Net profit for the year surged to RMB 613,087 thousand in 2024, a significant increase of 190.8% from RMB 210,769 thousand in 2023[74] - Total comprehensive income for the year rose to RMB 674,307 thousand in 2024, up 181.3% from RMB 239,709 thousand in 2023[74] - Basic earnings per share for the company's ordinary equity holders increased to RMB 7.41 cents in 2024, up 185% from RMB 2.60 cents in 2023[76] - Net profit for the year reached RMB 609,562,000, a significant increase from RMB 210,099,000 in the previous year[84] - Total comprehensive income for the year was RMB 671,069,000 in 2024, up from RMB 238,628,000 in 2023, driven by higher profits and exchange rate gains[84] - Pre-tax profit for 2024 was RMB 757,061 thousand, a significant increase from RMB 305,283 thousand in 2023[101][103] - Pretax profit for 2024 reached RMB 2,158,501 thousand, compared to RMB 1,901,450 thousand in 2023[110] Costs and Expenses - Sales costs increased to RMB 2,158.50 million in 2024, up by RMB 257.05 million from RMB 1,901.45 million in 2023, primarily due to increased faculty salaries, campus maintenance, and higher depreciation and rental costs[40] - Administrative expenses rose to RMB 600.55 million in 2024, an increase of RMB 52.99 million from RMB 547.56 million in 2023, mainly due to higher management salaries and equity-settled share-based compensation[44] - Employee benefits expenses increased to RMB 1,573,707 thousand in 2024 from RMB 1,397,887 thousand in 2023[110] - Total tax expense for 2024 was RMB 143,974 thousand, up from RMB 94,514 thousand in 2023[112] Liquidity and Financial Position - Cash and bank balances totaled RMB 3,100.75 million as of August 31, 2024, with cash and cash equivalents at RMB 2,549.30 million and restricted deposits at RMB 551.45 million[49] - Total bank loans and borrowings stood at RMB 3,237.36 million as of August 31, 2024, with interest rates ranging from 3.8% to 10.67%[52] - The company's current ratio improved to 0.54 as of August 31, 2024, compared to 0.44 in 2023, reflecting better liquidity management[53] - Net debt-to-equity ratio decreased from 6.5% as of August 31, 2023, to 1.5% as of August 31, 2024, due to a reduction in interest-bearing bank and other borrowings and an increase in total equity[55] - Debt-to-equity ratio was approximately 35.4% as of August 31, 2024, compared to 41.2% as of August 31, 2023[56] - The company's net current liabilities were approximately RMB 3,411.83 million as of August 31, 2024, with interest-bearing bank and other borrowings totaling RMB 3,237.36 million, of which RMB 2,054.78 million is due within the next 12 months[70] - The company's cash and cash equivalents amounted to RMB 2,549.30 million as of August 31, 2024[70] - The company's convertible bonds, measured at fair value through profit or loss, amounted to RMB 1,976.66 million, with a remaining outstanding amount of USD 331.20 million (approximately RMB 2,355.64 million), due on March 2, 2026[70] - The company is taking measures to improve liquidity and financial conditions, including restructuring convertible bonds, meeting requirements of medium-term note guarantors, selling equity interests in certain subsidiaries, and securing additional financing sources[71] - The company's cash flow forecast for the next 24 months indicates sufficient working capital to meet operational needs and financial obligations[97] - The company's ability to continue as a going concern depends on successful bond restructuring, meeting guarantor requirements, and securing new financing[97] - The company has net current liabilities of approximately RMB 3,411,830 thousand as of August 31, 2024[95] - The company's total interest-bearing bank and other borrowings amount to RMB 3,237,361 thousand, with RMB 2,054,779 thousand due within the next 12 months[95] - The company holds convertible bonds with a fair value of RMB 1,976,664 thousand, maturing on March 2, 2026, with a redemption amount of 105.11% of the principal[95] - The company plans to explore bond restructuring, seek additional financing, and sell equity stakes in certain subsidiaries to improve liquidity[95] Asset and Liability Management - Total non-current assets grew to RMB 18,262,345 thousand in 2024, up 0.6% from RMB 18,159,868 thousand in 2023[78] - Total current liabilities decreased to RMB 7,430,996 thousand in 2024, down 21% from RMB 9,410,981 thousand in 2023[78] - Net current liabilities improved to RMB (3,411,830) thousand in 2024, a 35.2% reduction from RMB (5,269,444) thousand in 2023[78] - Total equity increased to RMB 9,154,490 thousand in 2024, up 8.5% from RMB 8,439,734 thousand in 2023[81] - Total equity increased to RMB 9,154,490,000 as of August 31, 2024, up from RMB 8,439,734,000 in 2023, reflecting growth in retained earnings and other reserves[84] - Total assets for 2024 amounted to RMB 22,281,511 thousand, slightly down from RMB 22,301,405 thousand in 2023[101][103] - Total liabilities for 2024 were RMB 13,127,021 thousand, a decrease from RMB 13,861,671 thousand in 2023[101][103] - Trade receivables decreased to RMB 83,683 thousand in 2024 from RMB 104,591 thousand in 2023[117] - Prepayments, deposits, and other receivables totaled RMB 1,244,340 thousand in 2024, up from RMB 987,449 thousand in 2023[119] - Cash and cash equivalents amounted to RMB 2,549,299 thousand in 2024, down from RMB 2,827,722 thousand in 2023[124] - Trade payables increased to RMB 57,286 thousand in 2024 from RMB 48,167 thousand in 2023[124] - Current portion of other payables and accrued expenses decreased to RMB 2,662,982 thousand in 2024 from RMB 2,826,225 thousand in 2023[126] - Non-current portion of other payables and accrued expenses decreased to RMB 809,818 thousand in 2024 from RMB 845,956 thousand in 2023[126] - Total other payables and accrued expenses decreased to RMB 3,472,800 thousand in 2024 from RMB 3,672,181 thousand in 2023[126] - Payables for purchase of property, plant, and equipment decreased to RMB 664,118 thousand in 2024 from RMB 758,573 thousand in 2023[126] - Payables for acquisition of equity interests decreased to RMB 471,332 thousand in 2024 from RMB 629,591 thousand in 2023[126] - Miscellaneous advances from students increased to RMB 228,221 thousand in 2024 from RMB 219,211 thousand in 2023[126] - Government scholarships increased to RMB 236,173 thousand in 2024 from RMB 229,562 thousand in 2023[126] - Payables for purchase of teaching materials and operating expenses decreased to RMB 28,590 thousand in 2024 from RMB 35,023 thousand in 2023[126] - Payables for management fees increased to RMB 43,496 thousand in 2024 from RMB 36,190 thousand in 2023[126] - Payables for rent increased to RMB 47,133 thousand in 2024 from RMB 41,643 thousand in 2023[126] Cash Flow and Investments - Cash flow from operating activities for 2024 was RMB 1,489,580,000, compared to RMB 1,786,893,000 in 2023, indicating a slight decrease[88] - Depreciation of property, plant, and equipment amounted to RMB 432,026,000 in 2024, up from RMB 404,041,000 in 2023[86] - Interest income decreased to RMB 32,939,000 in 2024 from RMB 66,239,000 in 2023, reflecting lower returns on investments[86] - The company incurred a financial asset impairment loss of RMB 73,194,000 in 2024, down from RMB 180,700,000 in 2023[86] - Contract liabilities increased by RMB 133,912,000 in 2024, compared to a significant increase of RMB 473,301,000 in 2023[88] - The company's exchange rate fluctuation reserve improved to RMB 29,592,000 in 2024 from a negative RMB 31,915,000 in 2023[84] - Investment activities resulted in a net cash outflow of RMB 972,453 thousand in 2024, compared to RMB 181,058 thousand in 2023[90] - Financing activities resulted in a net cash outflow of RMB 864,121 thousand in 2024, compared to RMB 1,507,007 thousand in 2023[92] - The company's cash and cash equivalents decreased by RMB 346,994 thousand in 2024, ending the year with RMB 2,549,299 thousand[92] Corporate Governance and Strategic Changes - The company's CEO and controlling shareholder, Wang Huiwu, increased his shareholding through open market transactions from January 16 to February 29, 2024[11] - The company changed its name from "Hope Education Group Co., Ltd." to "XJ International Holdings Co., Ltd." effective February 8, 2024[14] - The company issued zero-coupon convertible bonds due in 2026, with details disclosed on February 29, 2024[14] - A claimed default event related to convertible bonds occurred on March 2, 2024, with disclosures made on March 4, 2024[15] - The company's convertible bonds were suspended from trading on the Hong Kong Stock Exchange starting from 1:00 PM on March 5, 2024[17] - The company received a statutory demand for debt repayment from the legal representatives of the convertible bond creditors on March 5, 2024[17] - A winding-up petition was submitted to the High Court by the Bank of New York Mellon, London Branch on March 28, 2024[17] - The company appointed Deloitte Consulting (Hong Kong) Limited as a restructuring advisor on June 12, 2024[17] - The company signed a sale agreement for Hebei institutions and related entities on November 29, 2024, pending shareholder approval, after which the financial performance of the target entities will no longer be included in the consolidated financial statements[59] - The company did not recommend the distribution of a final dividend for the year ended August 31, 2024, due to debt repayment and other financial arrangements[64] - The company has adopted new and revised International Financial Reporting Standards (IFRS) accounting standards for the current year's financial statements[98] Segment Performance - Local education segment revenue increased to RMB 3,339,764 thousand in 2024, up from RMB 3,230,475 thousand in 2023[101][103] - International education segment revenue grew to RMB 392,302 thousand in 2024, compared to RMB 351,157 thousand in 2023[101][103] - Total revenue for 2024 reached RMB 3,732,066 thousand, up from RMB 3,581,632 thousand in 2023[101][103] - Fair value gain on convertible bonds for 2024 was RMB 186,516 thousand, compared to a loss of RMB 228,654 thousand in 2023[101][103] - Total other income and gains for 2024 were RMB 274,836 thousand, down from RMB 297,913 thousand in 2023[108] Miscellaneous - The company acquired a 350-acre land use right in Guilin Economic and Technological Development Zone for project development[10] - The company plans to focus on improving the quality of talent cultivation and enhancing sustainable development capabilities[25] - The company's total reserves, including statutory surplus and retained earnings, grew to RMB 9,150,974,000 in 2024 from RMB 8,438,906,000 in 2023[84]
希望教育(01765) - 2024 - 年度业绩
2024-11-29 14:47
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,並表明確表示,概不就因本公告全部或任何部分內 容所導致或因倚賴該等內容而產生的任何損失承擔任何責任。 XJ International Holdings Co., Ltd. 希教國際控股有限公司 (股份代號:1765) (於開曼群島註冊成立之有限公司) 截至2024年8月31日止年度的業績公告 本公司董事會欣然宣佈本集團截至2024年8月31日止年度的年度業績及經審計綜合財務 報表連同截至2023年8月31日止全年的比較數據。 | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...
希望教育(01765) - 2024 - 中期财报
2024-05-31 14:01
希教國際控股有限公司 2024 Interim Report 中期報告 XJ International Holdings Co., Ltd. 希教國際控股有限公司2024 XJ International Holdings Co., Ltd. (Formerly known as "Hope Education Group") Interim Report 希教國際控股有限公司 ( 前稱為「希望教育集团」) XJ International Holdings Co., Ltd. ( 於開曼群島註冊成立之有限公司 ) 股份代號 中 期 報告 2024 目 錄 INT 公司資料 2 | --- | --- | |-----------------------------------------------------------|-------| | | | | 管理層討論與分析 | 4 | | 其他資料 | 20 | | | | | 中期簡明綜合損益及其他全面收益表 中期簡明綜合財務狀況表 | 27 28 | | | | | 中期簡明綜合權益變動表 | 30 | | 中期簡明綜合現金流量表 | 31 | | ...
希望教育(01765) - 2024 - 中期业绩
2024-04-30 14:32
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,概不就因本公告全部或任何部份內容 所導致或因倚賴該等內容而產生的任何損失承擔任何責任。 XJ International Holdings Co., Ltd. 希教國際控股有限公司 (股份代號:1765) (於開曼群島註冊成立之有限公司) 截至2024年2月29日止六個月的 中期業績公告 本公司董事會欣然宣佈本集團截至2024年2月29日止六個月的中期業績及未經審計簡明 綜合財務報表連同截至2023年2月28日止六個月的比較數據。 要點 1. 加大辦學投入,改善辦學條件 我們持續加大辦學投入,改善辦學條件。報告期內,本公司投入資金及資源用於新 建校舍、擴建場地、購置教學設施設備、整治美化校園環境。報告期內,實訓建設 軟硬件投入金額逾億元,新建實訓室超過50間,新申報專業超過20個。 2. 引進與培養相結合,打造優秀師資隊伍 我們進一步加大引進師資力度,提升教師素質能力。報告期內,各院校新引進超過 930名教師,其中專業技能級以上人才超過140人;開展各類教師培訓1,845場次;教 師參加競 ...
希望教育(01765) - 2023 - 年度财报
2023-12-15 14:29
2023 Annual Report 年報 Hope Education Group Co., Ltd. 希望教育集團有限公司 2023 Annual Report ( 於開曼群島註冊成立之有限公司 ) ( 於開曼群島註冊成立之有限公司 ) 股份代號 股份代號 2023年 報 中期報告 2023 目 錄 公司資料 2 主席報告 5 財務狀況及現金流量主要項目 8 管理層討論與分析 9 董事及高級管理層 29 董事會報告 38 企業管治報告 76 環境、社會及管治報告 93 獨立核數師報告 128 財務報表附註 144 釋義 276 公司資料 | --- | --- | |------------------------------------------|---------------------------------------------------------------| | | | | 董事會 | 提名與薪酬委員會 | | 執行董事 | 劉仲輝先生 (主席) (於 2023 年 1 月 1 日獲委任) 汪輝武先生 | | 徐昌俊先生 | 向川先生(於 2023 年 1 月 1 日獲委任) | | ...
希望教育(01765) - 2023 - 年度业绩
2023-11-30 14:00
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,並表明確表示,概不就因本公告全部或任何部分內 容所導致或因倚賴該等內容而產生的任何損失承擔任何責任。 HOPE EDUCATION GROUP CO., LTD. 希望教育集團有限公司 (於開曼群島註冊成立之有限公司) (股份代號:1765) 截至2023年8月31日止年度的年度業績公告 本公司董事會欣然宣佈本集團截至2023年8月31日止年度的年度業績及經審計綜合財務 報表連同截至2022年8月31日止年度的比較數據。 | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...
希望教育(01765) - 2023 - 中期财报
2023-05-30 08:47
Hope Education ( 於開曼群島註冊成立之有限公司 ) Group 股份代號 Co., Ltd. 希望教育集團有限公司 ...
希望教育(01765) - 2023 - 中期业绩
2023-04-27 14:00
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,概不就因本公告全部或任何部份內容 所導致或因倚賴該等內容而產生的任何損失承擔任何責任。 HOPE EDUCATION GROUP CO., LTD. 希望教育集團有限公司 (於開曼群島註冊成立之有限公司) (股份代號:1765) 截至2023年2月28日止六個月的 中期業績公告 本公司董事會欣然宣佈本集團截至2023年2月28日止六個月的中期業績及未經審計簡明 綜合財務報表連同截至2022年2月28日止六個月的比較數據。 | --- | --- | |-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...
希望教育(01765) - 2022 - 年度财报
2022-12-30 14:48
一 希望教育集團有限公司 二 Hope Education Group Co., Ltd. ( 於開曼群島註冊成立的有限公司 ) 股份代號:1765 t 前 第 元 with the more of a more world 2022 年 度 報 告 目 錄 | --- | --- | --- | --- | |-------|------------------|-------|--------------------------| | | | | | | 頁次 | | 120 | 獨立核數師報告 | | 2 | 公司資料 | 129 | 綜合損益及其他全面收益表 | | 4 | 我們的學校 | 131 | 綜合財務狀況表 | | 5 | 主席報告 | | | | 7 | 管理層討論與分析 | 133 | 綜合權益變動表 | | 32 | 董事及高級管理層 | 134 | 綜合現金流量表 | | 42 | 董事會報告 | 138 | 財務報表附註 | | | | 259 | 釋義 | 72 企業管治報告 88 環境、社會及管治報告 公司資料 | --- | --- | |------------------ ...