7月9日，截至港股收盘，恒生指数下跌1.06%，报23892.32点。东方大学城控股（08067.HK）收报0.315 港元/股，上涨16.67%，成交量1000股，成交额315港元，振幅0.0%。 最近一个月来，东方大学城控股累计涨幅14.41%，今年来累计跌幅14.29%，跑输恒生指数20.38%的涨 幅。 财务数据显示，截至2024年12月31日，东方大学城控股实现营业总收入2844.8万元，同比增长6.08%； 归母净利润-882.9万元，同比减少381.45%；资产负债率30.6%。 （以上内容为金融界基于公开消息，由程序或算法智能生成，不作为投资建议或交易依据。） 本文源自：金融界 作者：行情君 机构评级方面，目前暂无机构对该股做出投资评级建议。 行业估值方面，支援服务行业市盈率（TTM）平均值为3.98倍，行业中值3.29倍。东方大学城控股市盈 率-0.52倍，行业排名第89位；其他中国科教产业（01756.HK）为1.45倍、希教国际控股（01765.HK） 为2.05倍、光正教育（06068.HK）为2.11倍、新高教集团（02001.HK）为2.31倍、中国新华教育 （02779.HK）为 ...

7月8日，截至港股收盘，恒生指数上涨1.09%，报24148.07点。金涌投资（01328.HK）收报12.6港元/ 股，上涨533.17%，成交量2170.12万股，成交额2.13亿港元，振幅613.07%。 （以上内容为金融界基于公开消息，由程序或算法智能生成，不作为投资建议或交易依据。） 本文源自：金融界 作者：行情君 行业估值方面，支援服务行业市盈率（TTM）平均值为3.44倍，行业中值3.1倍。金涌投资市盈率7.58 倍，行业排名第24位；其他中国科教产业（01756.HK）为1.42倍、希教国际控股（01765.HK）为1.97 倍、光正教育（06068.HK）为2.07倍、新高教集团（02001.HK）为2.13倍、中国新华教育 （02779.HK）为2.66倍。 资料显示，金涌投资有限公司是一个多经理、多策略、多资产类别的"人工+智能"、"中国+世界"的投资 和服务平台。公司通过优秀的基金经理和智能算法,以中国资产为核心构建全球投资组合。人工+智能, 中国+世界,决定了金涌的产品和商业基因。公司希望成为一个好的投资平台,为优秀经理提供事业平 台、为专业投资者提供产品解决方案。金涌投资总部在香港 ...

财务数据显示，截至2025年3月31日，国际永胜集团实现营业总收入4.01亿元，同比增长8.09%；归母净 利润382.88万元，同比减少69.63%；毛利率98.36%，资产负债率20.8%。 机构评级方面，目前暂无机构对该股做出投资评级建议。 7月8日，截至港股收盘，恒生指数上涨1.09%，报24148.07点。国际永胜集团（06663.HK）收报0.32港 元/股，上涨12.28%，成交量405万股，成交额107.43万港元，振幅21.05%。 行业估值方面，支援服务行业市盈率（TTM）平均值为3.44倍，行业中值3.1倍。国际永胜集团市盈率 54.95倍，行业排名第53位；其他中国科教产业（01756.HK）为1.42倍、希教国际控股（01765.HK）为 1.97倍、光正教育（06068.HK）为2.07倍、新高教集团（02001.HK）为2.13倍、中国新华教育 （02779.HK）为2.66倍。 最近一个月来，国际永胜集团累计跌幅16.18%，今年来累计跌幅38.71%，跑输恒生指数19.08%的涨 幅。 （以上内容为金融界基于公开消息，由程序或算法智能生成，不作为投资建议或交易依据。） 来源： ...

为促进2.71亿美元可转债重组方案落地，希教国际控股延续了此前成功经验：合资格债券持有人若同意 特别决议案，将获得1.0%的同意费;同时方案明确豁免潜在违约条款，为双方创造共赢空间。 之后，希教国际控股迅速制定并启动洽谈重组正式协议，一方面积极与债权人洽谈重组正式协议，另一 方面积极在市场上做回购。截至公告日，该公司回购约7890万美元的可转换债券，目前未偿还的可转债 余额为2.71亿美金。 此次公告显示，重组旨在应对当前宏观经济环境及教育行业波动带来的挑战，通过加入提早赎回选择权 等灵活条款，帮助缓解短期流动性压力。根据方案，允许发行人在重组生效日至2025年9月30日期间(包 括首尾两日)，通过支付结算金额提前赎回未偿债券，从而更灵活地管理偿债节奏。 而本次的重组正式协议的签署标志着公司可转债重组工作的进一步推进，也反映公司妥善解决可转债重 组工作的负责态度，展现出公司在困境中积极主动寻求破局的决心与魄力。 智通财经APP获悉，2025年7月3日，希教国际控股有限公司(01765，担保人)及其全资附属公司Tequ Mayflower Limited(发行人)发布公告，宣布启动对2026年到期的2.71亿美 ...

最近一个月来，国际永胜集团累计跌幅19.7%，今年来累计跌幅43.01%，跑输恒生指数20%的涨幅。 财务数据显示，截至2025年3月31日，国际永胜集团实现营业总收入4.01亿元，同比增长8.09%；归母净 利润382.88万元，同比减少69.63%；毛利率98.36%，资产负债率20.8%。 机构评级方面，目前暂无机构对该股做出投资评级建议。 7月2日，截至港股收盘，恒生指数上涨0.62%，报24221.41点。国际永胜集团（06663.HK）收报0.32港 元/股，上涨20.75%，成交量29万股，成交额7.43万港元，振幅24.53%。 行业估值方面，支援服务行业市盈率（TTM）平均值为2.26倍，行业中值3.24倍。国际永胜集团市盈率 51.1倍，行业排名第53位；其他中国科教产业（01756.HK）为1.4倍、希教国际控股（01765.HK）为 1.94倍、新高教集团（02001.HK）为2.04倍、光正教育（06068.HK）为2.17倍、中国新华教育 （02779.HK）为2.66倍。 资料显示，国际永胜集团控股有限公司及其子公司("国际永胜集团")拥有超过10年营运历史。公司擅长 于各种设施 ...

Investment in Education and Training - The company invested nearly 100 million RMB in practical training resources, expanding training facilities and upgrading equipment, with over 40 new training rooms established during the reporting period [9]. - A total of 393 new teachers were recruited, with 18.6% being high-level talents, and 1,558 training sessions were conducted for teachers, resulting in 800 awards, including 56 national-level awards [10]. - The company held 343 recruitment fairs, providing over 120,000 job positions, leading to a steady increase in the first employment rate of graduates [11]. - The company aims to enhance the quality of international education by promoting collaboration between overseas and domestic institutions, with nine Sino-foreign cooperative education projects progressing smoothly [12]. - The company is committed to optimizing its curriculum system and strengthening skills training to improve employment quality, establishing partnerships with nearly 1,000 enterprises [11]. Academic Research and Development - During the reporting period, 388 research projects were initiated across 16 domestic universities, with 894 papers published, including 69 in core journals [15]. - The company is focusing on integrating educational resources and enhancing academic research capabilities, resulting in a significant increase in published papers by 71.2% at INTI International University and 72.7% at Srinakharinwirot University [15]. - The company established 23 provincial-level first-class undergraduate programs and initiated 41 key construction projects for distinctive programs [14]. Financial Performance - Revenue for the six months ended February 28, 2025, was RMB 2,116.70 million, an increase of 3.65% compared to RMB 2,042.17 million for the same period in 2024 [27]. - Gross profit for the same period was RMB 924.01 million, up from RMB 898.96 million, reflecting a gross margin improvement [27]. - Adjusted net profit for the six months ended February 28, 2025, was RMB 479.42 million, compared to RMB 429.16 million for the prior year, indicating a growth of 11.7% [27]. - The company reported a profit of RMB 307,498,000 for the six months ended February 28, 2025, compared to RMB 223,866,000 in the previous period, indicating a growth of about 37.4% [87]. - The company reported a net profit margin of 10% for the reporting period, an improvement from 8% in the previous year [174]. Student Enrollment and Demographics - The number of students enrolled in undergraduate institutions decreased to 138,739 in 2025 from 142,455 in 2024, while the number of students in vocational colleges increased to 143,819 from 136,772 [21]. - User data indicates an increase in enrollment by 20% across all educational programs compared to the previous year [175]. Strategic Initiatives and Future Outlook - The company plans to enhance its international education influence by deepening cooperation with overseas institutions, particularly in Malaysia, to align with global education standards [24]. - The company has set a future outlook with a revenue guidance of RMB 600 million for the next reporting period, reflecting a growth target of 20% [174]. - A strategic acquisition of a local educational institution is in progress, aimed at enhancing service offerings and increasing student enrollment by 15% [175]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2026 [174]. Cost Management and Financial Strategy - The company reported a financing cost of RMB 112.51 million for the six months ended February 28, 2025, down from RMB 154.02 million in the previous year, indicating improved financial management [27]. - The company has implemented strict internal approval processes to control administrative and capital expenditures, pausing and reducing several new projects [80]. - The company plans to explore bond restructuring to ensure sustainable operations for all stakeholders [94]. Corporate Governance and Shareholder Information - The board has adopted good corporate governance practices to ensure transparency and accountability in operations [56]. - The board of directors has resolved not to declare any interim dividends for the reporting period, consistent with the previous period [54]. - The total number of issued shares is 8,224,974,706 shares [69]. Share Options and Equity - The unexercised options under the 2018 Pre-IPO Share Option Scheme amount to 230,287,254 shares, representing approximately 2.8% of the company's issued share capital [70]. - A total of 190,000,000 stock options were granted under the 2022 stock option plan, with 160,000,000 options remaining unexercised as of February 28, 2025 [25]. Sustainability and Operational Efficiency - The company is committed to sustainability initiatives, with plans to reduce operational costs by 5% through energy-efficient practices [175]. - The company is investing RMB 50 million in technology upgrades to improve online learning experiences, projected to boost user satisfaction by 40% [174].

Group 1 - The company reported a revenue of 2.117 billion RMB for the six months ending February 28, 2025, representing a year-on-year increase of 3.65% [1] - Shareholder profit attributable to the company reached 307 million RMB, a year-on-year increase of 37.36%, with basic earnings per share of 0.037 RMB [1] - The company invested nearly 100 million RMB in practical training resources, expanding training facilities and upgrading equipment, with over 40 new training rooms established [1] Group 2 - The company introduced 393 new teachers during the reporting period, with 18.6% being high-level talents, and conducted 1,558 training sessions for teachers [1] - The company emphasized an employment-first strategy, optimizing the curriculum to enhance job skills and establishing partnerships with nearly 1,000 enterprises, including major industry players [1] - The company hosted 343 recruitment fairs, providing over 120,000 job positions, leading to a steady increase in the first employment rate of graduates [1] Group 3 - The company aims to enhance the quality of talent cultivation at its overseas universities, with Malaysia's INTI International University ranked 516th in the 2025 QS World University Rankings [2] - Thailand's Srinakharinwirot University achieved a ranking in the 151-200 range in the 2025 QS World University Subject Rankings for Arts and Design [2] - The company is actively promoting the sharing of quality educational resources between its overseas and domestic institutions, with nine Sino-foreign cooperative education projects progressing smoothly [2]

Investment in Education and Training - The company invested nearly 100 million RMB in practical training resources, expanding training facilities and upgrading equipment, with over 40 new training rooms established during the reporting period[4] - A total of 393 new teachers were recruited, with 18.6% being high-level talents, and 1,558 training sessions were conducted for teachers, resulting in 800 awards, including 56 national-level awards[5] - The company organized 343 job fairs, providing over 120,000 job positions, and established partnerships with nearly 1,000 enterprises to enhance student employment quality[6] - During the reporting period, 23 provincial-level first-class undergraduate programs were established, and 41 new key projects were initiated for characteristic professional cultivation[9] - The company established deep cooperation with over 70 enterprises to enhance talent cultivation models, including apprenticeship and order classes[11] Financial Performance - For the six months ended February 28, 2025, the company recorded revenue of RMB 2,116.70 million, an increase of RMB 74.53 million or 3.65% compared to RMB 2,042.17 million for the same period last year[26] - The gross profit for the same period was RMB 924.01 million, up from RMB 898.96 million, reflecting an increase of RMB 25.05 million or 2.78%[21] - Adjusted gross profit reached RMB 950.26 million, compared to RMB 923.13 million, indicating an increase of RMB 27.13 million or 2.94%[22] - The net profit for the six months was RMB 307.94 million, an increase of RMB 68.23 million or 28.5% from RMB 239.71 million in the previous year[21] - Adjusted net profit was RMB 479.42 million, up from RMB 429.16 million, representing an increase of RMB 50.26 million or 11.7%[23] Student Enrollment and Demographics - The number of students enrolled as of February 28, 2025, was 291,264, a slight increase from 290,927 in the previous year[16] Cost and Expenses - The sales cost for the period was RMB 1,192.69 million, an increase of RMB 49.48 million or 4.33% from RMB 1,143.21 million, primarily due to regulatory requirements and increased investment in teaching quality[27] - Sales expenses increased to RMB 159.52 million, up RMB 12.61 million or 8.58% from RMB 146.91 million, primarily due to increased efforts in international student recruitment[29] International Cooperation and Development - The company plans to enhance its international education influence and deepen cooperation with overseas institutions to cultivate talents with global perspectives[18] - The company aims to optimize asset allocation and implement lean management to ensure stable and healthy development[19] - The company is committed to improving educational quality and strengthening talent cultivation as core tasks in response to national education initiatives[17] Cash Flow and Liquidity - The group's cash and bank balances totaled RMB 1,681.05 million as of February 28, 2025, down from RMB 3,100.75 million as of August 31, 2024[34] - The current ratio as of February 28, 2025, was 0.32, down from 0.43 as of August 31, 2024[37] - The company's net asset value increased to RMB 9,451,694 thousand from RMB 9,154,490 thousand, indicating a growth in shareholder equity[55] - Cash generated from operating activities was RMB 286,449,000, a significant improvement from a cash outflow of RMB 3,711,000 in the same period last year[59] - The company recorded a foreign exchange loss of RMB 13,514,000 during the period, compared to a loss of RMB 57,806,000 in the previous year, indicating improved currency stability[56] Debt and Financing - The total outstanding bank loans and borrowings amounted to RMB 2,129.14 million, a decrease from RMB 3,237.36 million as of August 31, 2024[35] - The net debt to equity ratio increased from 1.5% as of August 31, 2024, to 4.7% as of February 28, 2025, due to the repayment of more bank loans and borrowings during the reporting period[39] - The company plans to explore bond restructuring to ensure sustainable operations for all stakeholders[66] - The company is actively seeking opportunities to sell equity interests in several subsidiaries to generate additional cash inflow[66] Shareholder Returns - The board resolved not to declare any interim dividend for the reporting period, consistent with the previous year[44] - The company did not recommend any interim dividend during the board meeting held on April 30, 2025[85] Asset Management - Total non-current assets as of February 28, 2025, were RMB 18,106,867 thousand, a slight decrease from RMB 18,262,345 thousand as of August 31, 2024[54] - The company's total assets less current liabilities decreased by RMB 2,098,107,000 as of February 28, 2025, compared to RMB 1,976,664,000 as of August 31, 2024[71] - The company's trade receivables as of February 28, 2025, totaled RMB 51,271,000, down from RMB 83,683,000 as of August 31, 2024, indicating a decrease of approximately 38.6%[81]

Corporate Governance and Management Changes - The company appointed new members to the audit committee and strategic development committee in January 2024, including Li Tao as a non-executive director[1]. - The company reported changes in its board of directors, including the resignation of several members and the appointment of new directors in early 2024[1]. - The board of directors consists of nine members, including three executive directors, three non-executive directors, and three independent non-executive directors[72]. - The company has appointed a new executive director on September 27, 2024[109]. - The company’s CEO, Wang Huiwu, has been in the position since February 2, 2018[108]. - The company has a diverse board, including various aspects such as gender, age, cultural background, and professional experience[186]. - The committee's main responsibilities include reviewing the company's operational goals and development strategies, and making recommendations to the board[187]. - The committee evaluates factors that may impact the company's strategic planning based on economic conditions and national policies[187]. Financial Performance - Total revenue for the fiscal year ended August 31, 2024, was RMB 3,732.07 million, an increase from RMB 3,581.63 million in the previous year, representing a growth of 4.2%[28]. - Adjusted net profit for the same period was RMB 693.18 million, down from RMB 874.81 million in the previous year, indicating a decrease of 20.7%[28]. - The group's net profit for the fiscal year ending August 31, 2024, was RMB 613.09 million, up RMB 402.32 million from RMB 210.77 million for the fiscal year ending August 31, 2023[56]. - Administrative expenses for the fiscal year ending August 31, 2024, were RMB 600.55 million, an increase of RMB 52.99 million from RMB 547.56 million for the fiscal year ending August 31, 2023[53]. - The total equity increased to RMB 9,154.50 million from RMB 8,439.73 million, marking a growth of 8.4%[34]. - The company reported that its top five customers accounted for less than 30% of total sales for the year ending August 31, 2024[153]. Strategic Development and Acquisitions - The company announced the acquisition of 100% equity in Jiangxi Changzhen Industrial Co., Ltd. and Nanchang University Qiong College Logistics Service Co., Ltd. on January 31, 2024[2]. - The company is actively pursuing market expansion and strategic development through acquisitions and partnerships[2]. - The company is advancing international development strategies, establishing partnerships with over 110 universities across more than 40 countries[38]. Debt and Financial Management - The company is actively resolving debt issues and optimizing resource allocation to ensure stable operations[23]. - As of August 31, 2024, the group's total bank loans and other borrowings amounted to RMB 3,237.36 million, a decrease from RMB 3,473.01 million as of August 31, 2023[61]. - The company does not recommend the distribution of a final dividend for the year ending August 31, 2024, due to funding arrangements for debt repayment and school construction expenses[137]. Educational Quality and Talent Development - The company aims to enhance educational quality and talent cultivation as a core objective, focusing on teaching facilities and faculty development[23]. - The number of new teachers added exceeded 500, with nearly 100 new senior positions, enhancing the quality of talent cultivation[36]. - The group has made significant investments in faculty allocation and small class teaching, leading to increased staff compensation and training facility costs[50]. Compliance and Risk Management - The company is required to comply with various laws and regulations in China, including the Foreign Investment Industry Guidance Catalogue[95]. - The company has implemented various measures to mitigate risks and uncertainties associated with its operations[135]. - The company has established a risk management and internal control system to ensure effective financial reporting[200]. - The internal audit function is reviewed to ensure it has sufficient resources and appropriate status within the company[200]. Market Conditions and Competition - The company faces intense competition in the higher education sector in China, which may lead to pressure on pricing and a decrease in operating profit margins[131]. - The company faces risks related to the implementation of growth strategies and uncertainties regarding the amendments to the Private Education Promotion Law in China[155][156]. Shareholder Information - As of August 31, 2024, Wang Huiwu holds a 47.27% stake in the company through various trusts and holdings[148]. - The total number of issued shares as of August 31, 2024, was 8,224,974,706 shares[174]. - The company has issued a total of 190,000,000 share options to 18 eligible participants as part of its share option plan adopted on March 18, 2022[45]. Upcoming Events - The upcoming annual general meeting is scheduled for February 28, 2025[138].

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]