Financial Performance - The company reported revenue of RMB 251,323,000 for the six months ending June 30, 2023, representing a 31.3% increase from RMB 191,428,000 for the same period in 2022[9]. - Operating profit for the period was RMB 49,656,000, compared to a loss of RMB 54,703,000 in the previous year, marking a significant turnaround[11]. - The adjusted profit attributable to equity holders was RMB 46,511,000, a 245.2% increase from a loss of RMB 32,027,000 in the prior year[10]. - Basic earnings per share increased to RMB 7.73, up from a loss of RMB 5.76 in the same period last year, reflecting a 234.2% improvement[9]. - The net profit attributable to equity holders for the six months ended June 30, 2023, was RMB 42,938 thousand, a significant recovery from a loss of RMB 32,027 thousand in the same period of 2022[21]. - The group recorded a profit before tax of RMB 46.9 million for the six months ended June 30, 2023, compared to a loss of RMB 58.5 million for the same period in 2022[130]. Assets and Liabilities - Total assets included non-current assets of RMB 141,000,000 in right-of-use assets, up from RMB 135,895,000 in the previous year[13]. - Current liabilities decreased to RMB 229,223,000 from RMB 300,759,000, indicating improved financial stability[15]. - Total non-current assets as of June 30, 2023, amounted to RMB 434,053 thousand, an increase from RMB 322,292 thousand as of December 31, 2022[22]. - Total liabilities decreased to RMB 318,714 thousand as of June 30, 2023, from RMB 383,523 thousand as of December 31, 2022, indicating improved financial stability[49]. - The lease liabilities as of June 30, 2023, amounted to RMB 228,663 thousand, indicating a significant financial commitment[61]. - As of June 30, 2023, the group's net current assets were RMB 71.6 million, down from RMB 131.9 million as of December 31, 2022[155]. - The group had no bank borrowings as of June 30, 2023, resulting in a debt-to-equity ratio of 0%[155]. Revenue Sources and Growth - The majority of the company's revenue and operating profit is derived from Guangdong Province, indicating a concentrated market presence[44]. - The company's revenue increased by 31.3% from RMB 191.4 million for the six months ended June 30, 2022, to RMB 251.3 million for the six months ended June 30, 2023, primarily due to an increase in total student enrollments and tutoring hours[103]. - The total number of students enrolled for the six months ended June 30, 2023, was 116,530, an increase of 30.5% compared to 89,317 for the same period in 2022[104]. - Revenue from competency courses increased from RMB 179.0 million to RMB 232.2 million, representing a growth of 29.7% year-over-year[118]. - The number of tutoring class hours rose from 2,068,795 to 2,675,300, reflecting a significant increase in service demand[118]. Expenses and Cost Management - Employee benefit expenses increased to RMB 147.7 million in 2023 from RMB 109.5 million in 2022, reflecting a significant rise in operational costs[82]. - The group's sales cost increased by 16.1% from RMB 126.8 million for the six months ended June 30, 2022, to RMB 147.3 million for the six months ended June 30, 2023, primarily due to increased teacher salaries[123]. - Selling expenses surged by 227.8% from RMB 1.6 million to RMB 5.1 million, mainly due to increased advertising and exhibition expenses in the live e-commerce business[124]. - Administrative expenses increased by 44.2% from RMB 35.0 million to RMB 50.4 million, primarily due to higher administrative staff and office expenses[125]. - R&D expenses grew by 28.1% from RMB 6.8 million to RMB 8.7 million, mainly due to increased spending on R&D personnel[126]. Governance and Compliance - The company continues to review and regulate its corporate governance practices to maintain high standards[5]. - The company is committed to ongoing discussions with independent auditors regarding accounting policies and internal controls[2]. - The audit committee, consisting of three independent non-executive directors, is responsible for reviewing and supervising the group's financial reporting and risk management[162]. - The group confirmed compliance with the standards for securities trading by all directors and relevant employees during the six months ended June 30, 2023[162]. Strategic Initiatives - The company plans to enhance the development of its "Le Xue" brand, focusing on various educational programs to promote balanced development in students[101]. - The group has entered the live e-commerce business, aiming to leverage its brand and resources to create a high-quality e-commerce platform[119]. - The group will actively seek new business opportunities across different sectors to broaden its revenue base[120]. - The group will continue to implement cost control measures to maintain a healthy cash flow and enhance operational efficiency[121]. Other Financial Metrics - The gross profit for the six months ended June 30, 2023, was RMB 104,058 thousand, compared to RMB 64,580 thousand for the same period in 2022, representing a growth of 61.2%[21]. - Gross profit rose by 61.1% from RMB 64.6 million to RMB 104.1 million, with gross margin increasing from 33.7% to 41.4% during the same period[123]. - The group reported a net other income of RMB 4,134 thousand for the six months ended June 30, 2023, compared to RMB 2,975 thousand in the same period of 2022, reflecting a growth of 38.7%[21]. - The group's income tax expense for the six months ended June 30, 2023, was approximately RMB 4.4 million, compared to a tax credit of RMB 25.7 million for the same period in 2022, primarily due to an increase in taxable profits[153].

Stock Option and Reward Plans - The stock option plan allows for a maximum issuance of 55,570,000 shares, representing 10% of the shares issued as of the report date[1]. - No stock options were unexercised under the stock option plan for the year ending December 31, 2022[8]. - The stock reward plan was approved by the board on December 28, 2020, with no set cap on the number of shares to be issued, but individual participants cannot exceed 1% of the issued share capital[16]. - The stock option plan is effective for ten years, with approximately six years and two months remaining as of the report date[8]. - The board has the discretion to select eligible participants for the stock reward plan based on the group's overall financial condition and the performance of the selected participants[17]. - The exercise price for stock options will be determined by the board and cannot be lower than the highest of the closing price on the grant date or the average closing price over the preceding five trading days[3]. - The stock reward plan aims to recognize contributions from eligible participants and retain them for the group's ongoing operations and development[11]. - The plan will not involve the issuance of new shares, thus avoiding any dilution effect for shareholders[13]. - The board can terminate the plan early, but it will remain effective until the last batch of reward shares is vested and transferred[10]. - Any rewards that become invalid will be returned to the plan as return shares, subject to the board's discretion[7]. Financial Performance - Total revenue for the year ended December 31, 2022, was RMB 402.1 million, a decrease of 51.7% from RMB 831.7 million in 2021[73]. - Gross profit for the same period was RMB 138.7 million, down 56.0% from RMB 315.0 million in the previous year[73]. - The net profit attributable to equity holders was RMB 54.4 million, a significant increase of 304.5% compared to a loss of RMB 26.6 million in 2021[73]. - Basic and diluted earnings per share for 2022 were RMB 9.79, compared to a loss of RMB 4.83 in 2021, representing a 302.7% increase[102]. - The total operating profit for 2022 was RMB 49.0 million, an increase from RMB 34.6 million in 2021[110]. - Other income netted RMB 3.0 million, a significant improvement from a net loss of RMB 65.9 million in the previous year[121]. - The group's profit attributable to equity holders for the year ended December 31, 2022, was RMB 54.4 million, compared to a loss of RMB 26.6 million for the year ended December 31, 2021[144]. - Administrative expenses decreased by 51.5% from RMB 170.1 million for the year ended December 31, 2021, to RMB 82.4 million for the year ended December 31, 2022[164]. - Other income fell by 52.9% from RMB 22.5 million for the year ended December 31, 2021, to RMB 10.6 million for the year ended December 31, 2022, primarily due to a reduction in government subsidies[166]. - Profit before tax increased by 655.8% from RMB 5.6 million for the year ended December 31, 2021, to RMB 42.3 million for the year ended December 31, 2022[167]. Student Enrollment and Course Performance - Revenue from competency courses increased from RMB 196.0 million in 2021 to RMB 369.8 million in 2022, with related class hours rising from 2,314,289 to 4,282,148[104]. - The number of enrolled students for non-academic courses increased by 202.4% to 173,016, while academic education course enrollments dropped by 94.1% to 14,765[137]. Assets and Liabilities - The company's total assets decreased slightly to RMB 754.9 million from RMB 760.6 million year-on-year[135]. - The total liabilities decreased to RMB 383.5 million from RMB 443.0 million, indicating improved financial stability[135]. - As of December 31, 2022, the total equity of the group was RMB 371.4 million, an increase from RMB 317.5 million as of December 31, 2021[147]. - Cash and cash equivalents increased by 26.6% to RMB 298.7 million as of December 31, 2022, from RMB 236.0 million as of December 31, 2021, primarily due to net cash inflows from operating activities[147]. - Current assets amounted to RMB 432.6 million, including financial assets at fair value through profit or loss of RMB 117.3 million and cash and bank balances of RMB 298.8 million[147]. - The group's current liabilities decreased to RMB 300.8 million as of December 31, 2022, from RMB 323.4 million as of December 31, 2021[147]. - The group had no bank borrowings as of December 31, 2022, compared to RMB 30.0 million in bank borrowings as of December 31, 2021[147]. - The group's net current asset value increased to RMB 131.9 million as of December 31, 2022, from RMB 79.9 million as of December 31, 2021[147]. Operational Adjustments and Future Outlook - The company is committed to adapting to changing market conditions and actively seeking investment opportunities to broaden its revenue base[173]. - The company has confidence in its future growth prospects despite the regulatory challenges in the education sector[173]. - The company will adjust its operations in response to new regulations governing off-campus training institutions[176]. - The company plans to expand its "Le Xue" brand business, focusing on various quality education programs to promote balanced development in students[105]. - The introduction of the "Si Kao Le GO" e-commerce platform aims to enhance customer quality of life and broaden revenue sources through collaboration with top e-commerce and new media partners[105]. - The management team is committed to diversifying the company's operations to expand future revenue bases and deliver ideal returns to shareholders[107]. - Future outlook remains positive, with an expected overall growth rate of 20% over the next three years[188]. - The management has provided guidance for the next quarter, projecting a revenue growth of 12%[188]. Employee and Administrative Information - The company employed 1,350 staff as of December 31, 2022, down from 1,552 staff in the previous year[174]. - The board does not recommend the payment of a final dividend for the year ended December 31, 2022[184]. Market Presence and Strategic Initiatives - The company is recognized as a leading private education service provider in South China[70]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by 2025[188]. - New product launches are expected to contribute an additional $20 million in revenue next year[188]. - A strategic acquisition is in progress, which is anticipated to enhance the company's service offerings and increase customer base by 10%[188]. - The company is investing $5 million in research and development for innovative educational technologies[188]. - The company has successfully reduced operational costs by 8% through efficiency improvements[188]. - The company reported a significant increase in user engagement, with a year-over-year growth of 25% in active users[188]. - User retention rates improved to 85%, up from 80% last year, indicating stronger customer loyalty[188].

Financial Performance - Total revenue for the year ended December 31, 2022, was RMB 402,082 thousand, a decrease of 51.7% from RMB 831,725 thousand in 2021[4] - Gross profit for the same period was RMB 138,692 thousand, down 56.0% from RMB 315,021 thousand in 2021[4] - Net profit attributable to equity holders was RMB 54,411 thousand, a significant increase of 304.5% from a loss of RMB 26,611 thousand in 2021[4] - Basic and diluted earnings per share for 2022 were RMB 9.79, compared to a loss of RMB 4.83 per share in 2021, representing a 302.7% improvement[4] - The group's profit before tax increased by 655.8% from RMB 5.6 million for the year ended December 31, 2021, to RMB 42.3 million for the year ended December 31, 2022[85] - The group recorded a tax credit of RMB 11.5 million for the year ended December 31, 2022, compared to a tax expense of RMB 32.6 million for the year ended December 31, 2021, mainly due to the recognition of deferred tax assets[86] - The profit attributable to equity holders for the year ended December 31, 2022, was RMB 54.4 million, compared to a loss of RMB 26.6 million for the year ended December 31, 2021[87] - Total equity increased to RMB 371.4 million as of December 31, 2022, from RMB 317.5 million as of December 31, 2021[88] Assets and Liabilities - Total assets as of December 31, 2022, were RMB 754,925 thousand, slightly down from RMB 760,568 thousand in 2021[20] - Current assets increased to RMB 432,633 thousand in 2022 from RMB 403,367 thousand in 2021, primarily driven by cash and cash equivalents rising to RMB 298,737 thousand[21] - Total liabilities decreased to RMB 383,523 thousand in 2022 from RMB 443,023 thousand in 2021, indicating improved financial stability[32] - Non-current assets totaled RMB 322,292 thousand in 2022, down from RMB 357,201 thousand in 2021, reflecting a reduction in property, plant, and equipment[20] - The total trade payables as of December 31, 2022, amounted to RMB 1,281,000[52] - Other payables as of December 31, 2022, totaled RMB 11,042,000[52] - The lease liabilities as of December 31, 2022, were RMB 202,678,000[52] - Trade payables decreased from RMB 1,948 thousand in 2021 to RMB 1,281 thousand in 2022[115] - The total liabilities for lease obligations were RMB 116,933,000 in 2022, down from RMB 152,396,000 in 2021[154] Expenses and Cost Management - The company reported a significant reduction in research and development expenses, which fell to RMB 16,244 thousand from RMB 53,382 thousand in 2021[12] - Sales expenses reduced by 65.6% from RMB 13.6 million for the year ended December 31, 2021, to RMB 4.7 million for the year ended December 31, 2022, primarily due to decreases in advertising, exhibition expenses, and related personnel costs[78] - Administrative expenses decreased by 51.5% from RMB 170.1 million for the year ended December 31, 2021, to RMB 82.4 million for the year ended December 31, 2022, mainly due to reductions in administrative personnel costs and the absence of impairment provisions recorded in the previous year[79] - Research and development expenses fell by 69.6% from RMB 53.4 million for the year ended December 31, 2021, to RMB 16.2 million for the year ended December 31, 2022, primarily due to a decrease in R&D personnel costs[80] - Employee benefit expenses decreased to RMB 260.83 million in 2022 from RMB 470.72 million in 2021, reflecting a cost reduction strategy[144] - Financial costs decreased by 76.9% from RMB 29.0 million for the year ended December 31, 2021, to RMB 6.7 million for the year ended December 31, 2022, primarily due to a reduction in interest expenses on borrowings[84] Cash Flow and Liquidity - As of December 31, 2022, the group has sufficient cash flow forecasts to meet its financial obligations for the next twelve months[42] - The group maintains adequate cash reserves and bank financing to mitigate liquidity risks, with no significant liquidity risk identified[51] - Cash and cash equivalents increased by 26.6% from RMB 236.0 million as of December 31, 2021, to RMB 298.7 million as of December 31, 2022, primarily due to net cash inflows from operating activities[88] - Cash outflow from leasing financing activities was RMB 40.6 million for the year ended December 31, 2022, compared to RMB 102.2 million for the previous year[112] - The group reported cash outflow from short-term leasing activities of RMB 5.19 million for the year ended December 31, 2022, compared to RMB 3.03 million for the previous year[112] Strategic Initiatives and Future Outlook - The group continues to implement measures to strengthen control over the consolidated entities in China before the termination of the structural contracts[41] - The group plans to diversify its operations to expand future revenue bases while maintaining strict cost control measures to ensure stable cash flow[120] - The management team emphasizes the importance of brand influence and industry knowledge to drive future growth and shareholder returns[120] - The group aims to enhance service quality and operational efficiency through technological advancements to support long-term development[120] - The company did not conduct any significant investments, acquisitions, or disposals during the year ended December 31, 2022, and remains focused on identifying investment opportunities to enhance future financial performance[64] Regulatory and Compliance - The group continues to monitor legal and regulatory developments closely to ensure compliance with new policies[41] - The company has no significant contingent liabilities or pending litigation as of December 31, 2022, indicating a stable legal standing[62] Revenue Sources and Market Performance - Revenue from non-academic quality courses increased from RMB 196.0 million to RMB 369.8 million, with the number of tutoring hours rising from 2,314,289 to 4,282,148[118] - The company's gross profit decreased by 56.0% from RMB 315.0 million for the year ended December 31, 2021, to RMB 138.7 million for the year ended December 31, 2022, with a gross margin decline from 37.9% to 34.5%[77] - The group's total revenue decreased by 51.7% from RMB 831.7 million for the year ended December 31, 2021, to RMB 402.1 million for the year ended December 31, 2022, mainly due to a reduction in the total number of students enrolled and tutoring hours[104] - The company closed several learning centers in the second half of the previous year to improve operational efficiency, impacting overall revenue[135] - The company closed several learning centers due to regulatory changes impacting key performance indicators[160] - The company has a significant customer base with no single customer contributing over 10% of total revenue[158] Dividend Policy - The board of directors does not recommend the payment of a final dividend for the year ended December 31, 2022, consistent with the previous year[67] - The group does not recommend the payment of a final dividend for the year ended December 31, 2022, consistent with the previous year[96] - The group declared a total of HKD 66.68 million in final dividends, equivalent to RMB 54.92 million, for the year ended December 31, 2021[114]

Financial Performance - For the six months ended June 30, 2022, the company's revenue decreased by 63.0% to RMB 191.4 million compared to RMB 517.1 million in the same period last year[14]. - The company recorded a net loss of RMB 32.8 million for the six months ended June 30, 2022, compared to a profit of RMB 42.7 million in the previous year, representing a decline of 176.8%[14]. - The operating loss for the first half of 2022 was RMB 54.7 million, a significant decrease from a profit of RMB 77.8 million in the previous year, reflecting a change of 170.3%[14]. - Basic loss per share was RMB (5.76), compared to earnings of RMB 7.76 per share in the same period last year, marking a decline of 174.2%[15]. - The gross profit for the same period was RMB 64,580 thousand, down from RMB 192,463 thousand, indicating a decrease of about 66.5%[33]. - The total expenses for the period amounted to RMB 170,169,000, down from RMB 465,430,000, reflecting a decrease of about 63.4%[99]. - The group reported a loss before tax of RMB 58.5 million for the six months ended June 30, 2022, compared to a profit of RMB 59.9 million for the same period in 2021[190]. - The group recorded a tax credit of RMB 25.7 million for the six months ended June 30, 2022, compared to a tax expense of approximately RMB 17.1 million for the same period in 2021, mainly due to the recognition of deferred tax assets[191]. Revenue Breakdown - Revenue from non-subject courses increased significantly from RMB 22.2 million to RMB 179.0 million, with the number of tutoring hours rising from 263,043 to 2,068,795[20]. - Non-academic quality courses revenue increased by 705.0% to RMB 178.97 million, while tutoring courses revenue decreased by 97.5% to RMB 12.46 million, leading to a total revenue drop of 63.0%[176]. - The company's revenue decreased by 63.0% from RMB 517.1 million for the six months ended June 30, 2021, to RMB 191.4 million for the six months ended June 30, 2022, primarily due to a reduction in total student enrollments and tutoring hours[175]. - The group reported a total of RMB 2,975 thousand in other income for the six months ended June 30, 2022, down from RMB 18,637 thousand in the same period of 2021[93]. Cost Management - Selling expenses decreased by 82.1% from RMB 8.8 million to RMB 1.6 million, mainly due to reduced customer service, advertising, and entertainment expenses[183]. - Administrative expenses decreased by 62.8% from RMB 93.9 million to RMB 35.0 million, attributed to lower personnel and office expenses[184]. - R&D expenses decreased by 82.2% from RMB 38.2 million to RMB 6.8 million, primarily due to a reduction in R&D personnel costs[185]. - Employee benefit expenses significantly decreased to RMB 109,545,000 from RMB 305,880,000, a reduction of about 64.1%[99]. - Total financial expenses decreased to RMB 3,826,000 from RMB 17,936,000, a reduction of approximately 78.7%[102]. Asset and Liability Management - Total assets decreased from RMB 760,568 thousand to RMB 585,925 thousand, a decline of approximately 23%[42]. - Total liabilities decreased from RMB 443,023 thousand to RMB 301,220 thousand, a decline of about 32%[42]. - The total equity attributable to owners decreased from RMB 317,946 thousand to RMB 285,919 thousand, a decline of approximately 10%[46]. - Cash and cash equivalents decreased from RMB 236,041 thousand to RMB 200,305 thousand, a reduction of approximately 15%[42]. - The company reported a loss of RMB 32,027 thousand during the period, impacting retained earnings which fell from RMB 198,180 thousand to RMB 166,153 thousand[46]. Strategic Initiatives - The company plans to enhance the development of its "Le Xue" brand, focusing on quality education in various subjects to promote balanced development in students[22]. - The company is committed to adapting its business model in response to government policies and market conditions, focusing on non-academic courses[20]. - The company is actively seeking new business opportunities, including potential mergers and acquisitions, to diversify its operations and create new profit growth points[23]. - The company plans to leverage its brand influence and management experience to drive future diversification and revenue growth[23]. - The company has plans for market expansion and new product development, although specific figures were not disclosed in the report[48]. Cash Flow and Financing - Operating cash flow for the six months ended June 30, 2022, was RMB 4,558,000, compared to RMB 94,831,000 in 2021, representing a significant decrease[54]. - The company’s total cash inflow from financing activities was RMB (62,186,000), compared to RMB (161,203,000) in the previous year[54]. - The company’s interest income decreased to RMB 194,000 from RMB 1,441,000 in the previous year[54]. - The company maintained a cash reserve and utilized bank financing to mitigate liquidity risks, with no significant liquidity risk identified by the board[74]. - The board believes that existing funding sources are sufficient to meet financial obligations due within the next twelve months[62]. Market Presence and Customer Base - The group operates primarily in Guangdong Province, with most of its revenue and non-current assets located there, indicating a concentrated market presence[91]. - The group has no single customer contributing more than 10% of total revenue during the reporting period, indicating a diversified customer base[92]. Changes in Financial Position - The company has adopted several new accounting standards, but these are not expected to have a significant impact on current or future reporting periods[70]. - The company did not declare an interim dividend for the six months ended June 30, 2022, compared to a proposed interim dividend of HKD 55,570,000 for the previous period[149]. - The company reported a significant reduction in other payables from RMB 25,075,000 to RMB 10,086,000, a decrease of 59.7%[155].

Financial Performance - The company's revenue for the year ended December 31, 2021, increased by 11.0% to RMB 831.7 million compared to RMB 749.1 million in 2020[11]. - Gross profit rose by 20.9% to RMB 315.0 million from RMB 260.5 million in the previous year[11]. - The net loss attributable to equity holders was RMB 26.6 million, a significant decline from a profit of RMB 48.9 million in 2020, representing a change of 154.4%[11][17]. - The adjusted net profit attributable to equity holders was RMB 23.9 million, down 75.3% from RMB 96.8 million in the prior year[11]. - Basic loss per share was RMB (4.83), compared to earnings of RMB 8.81 per share in 2020, reflecting a decrease of 154.8%[12]. - Profit before tax decreased by 88.8% from RMB 49.8 million in 2020 to RMB 5.6 million in 2021[44]. - Income tax expenses increased significantly from RMB 0.8 million in 2020 to RMB 32.6 million in 2021, mainly due to the termination of deferred tax asset recognition[45]. - The loss attributable to equity holders for 2021 was RMB 26.6 million, compared to a profit of RMB 48.9 million in 2020, representing a decrease of 154.4%[46]. - Total equity as of December 31, 2021, was RMB 317.5 million, down from RMB 538.0 million in 2020[55]. - Cash and cash equivalents decreased by 46.7% from RMB 442.6 million in 2020 to RMB 236.0 million in 2021, primarily due to net cash outflows from financing activities[55]. Revenue Sources and Growth - Non-academic quality courses saw a significant increase in revenue, rising 1,912.7% to RMB 195.973 million in 2021 from RMB 9.737 million in 2020[32]. - The total number of enrolled students in non-academic quality courses increased by 1,338.1% to 57,207 in 2021, while academic education course enrollment decreased by 24.5% to 249,826[32]. - Approximately 23.6% of the revenue came from non-academic quality courses, while about 76.4% was derived from academic education courses[113]. - Future guidance indicates an expected revenue growth of 20% for the upcoming fiscal year[88]. Operational Changes and Strategies - The company introduced non-academic competency courses targeting primary and secondary school students in the fall of 2021, including science literacy and logical thinking training[17]. - The group plans to enhance the "Le Xue" brand's business development, focusing on various quality education programs to support comprehensive development for children[20]. - The group is actively organizing after-school care services to provide a safe and comfortable environment for students[20]. - The company aims to diversify its development in response to recognition from students, parents, and the community[9]. - The company is committed to complying with relevant regulations and actively transforming its business model in response to the "double reduction" policy[17]. Cost Management and Expenses - Sales costs increased by 5.8% to RMB 516.7 million in 2021, primarily due to higher teacher salaries and reduced rent relief from COVID-19[34]. - Administrative expenses increased by 11.6% from RMB 152.3 million in 2020 to RMB 170.1 million in 2021, primarily due to a one-time impairment provision of RMB 30.6 million[37]. - R&D expenses decreased by 6.3% from RMB 57.0 million in 2020 to RMB 53.4 million in 2021, mainly due to reduced spending following the closure of the learning center network[38]. - Other income decreased by 36.0% from RMB 35.2 million in 2020 to RMB 22.5 million in 2021, primarily due to a reduction in government subsidies by RMB 12.7 million[41]. - Other net income turned into a loss of RMB 65.9 million in 2021, a decrease of 385.7% from a profit of RMB 23.1 million in 2020, mainly due to increased losses from the sale of property and equipment[42]. - Financial costs decreased by 20.5% from RMB 36.4 million in 2020 to RMB 29.0 million in 2021, attributed to reduced interest expenses on borrowings and lease liabilities[43]. Regulatory Compliance and Market Adaptation - The company is committed to adapting to changing market conditions and actively seeking investment opportunities to broaden its revenue base[61]. - The company will continue to monitor the regulatory environment and assess its impact on business and financial conditions[76]. - The Ministry of Education has issued guidelines requiring off-campus training materials to comply with national curriculum standards and undergo internal and external audits[73]. - The company is prohibited from financing or investing in subject-based off-campus training institutions through the stock market or other means[76]. - All subject-based off-campus training institutions are required to register as non-profit organizations by the end of 2021, with a suspension of enrollment and fee collection until registration is completed[76]. Shareholder Information and Corporate Governance - The board has declared an interim dividend of HKD 0.10 per share for the six months ended June 30, 2021, and a special dividend of HKD 0.15 per share for the year ended December 31, 2021[77]. - The board does not recommend a final dividend for the year ended December 31, 2021, compared to a final dividend of HKD 0.12 per share for the previous year[77]. - The company has adopted share option and share award plans as incentives for directors and eligible employees[135]. - The independent non-executive directors confirmed their independence in accordance with the listing rules[133]. - The company has no knowledge of any tax relief available to shareholders due to their shareholdings[119]. - The major shareholder, Tian Sheng, also holds 214,080,000 shares, equivalent to 38.52% of the equity[150]. Structural Contracts and Related Party Transactions - The structural contracts established on January 13, 2019, allow Shenzhen Fengye to receive all economic benefits generated by Chinese operating entities through service fees[193]. - The structural contracts include various agreements such as exclusive business operation and consulting services, exclusive technology services, and exclusive purchase rights agreements[193]. - Independent non-executive directors confirmed that transactions under the structural contracts for the year ended December 31, 2021, were established according to the relevant provisions of the contracts[198]. - The structural contracts ensure that most profits generated by Chinese operating entities are retained by the group[198]. - The group has maintained compliance with the relevant regulations regarding related party transactions[198].

思考乐教育 S C H O L A R EDUCATION SCHOLAR E D U C A T I O N 2021 中期業績報告 博學精教·成就學生 思 考 樂 教 育 ਵ 襲 SCHOLAR EDUCATION GROUP 股票代號: 1769 (於開曼群島註冊成立之有限公司) 目 錄 2 公司資料 4 公司簡介 5 財務摘要 主席報告 6 中期財務資料審閱報告 8 中期簡明綜合全面收益表 9 中期簡明綜合資產負債表 10 12 中期簡明綜合權益變動表 14 中期簡明綜合現金流量表 中期財務資料附註 15 37 管理層討論及分析 44 企業管治及其他資料 53 釋義 1 思考樂教育集團 2021中期報告 公司資料 薪酬委員會 董事會 執行董事 陳啟遠先生（主席） 陳弘宇先生 齊明智先生（行政總裁） 許超強先生 非執行董事 沈敬武先生（副主席） 獨立非執行董事 黃偉德先生 柳建華博士 楊學枝先生 審核委員會 黃偉德先生（主席） 柳建華博士 楊學枝先生 柳建華博士（主席） 陳啟遠先生 黃偉德先生 提名委員會 陳啟遠先生（主席） 柳建華博士 黃偉德先生 策略發展委員會 陳啟遠先生（主席） 沈敬武先生 齊明智 ...

思考乐教育 S C H O L A R E D U C A T I O N 202 報 年 高效提分 · 專注升學 समूह 27 ER CHOLAR EDUCATION GROUP 股份代號：1769 (於開曼群島註冊成立之有限公司) 公司資料 公司簡介 4 財務摘要 5 2 主席報告 ６ 財務概要 11 管理層討論及分析 12 董事及高級管理層 21 董事會報告 27 企業管治報告 59 環境、社會及管治報告 77 獨立核數師報告 105 綜合財務報表 110 釋義 181 1 公司資料 董事會 執行董事 陳啟遠先生(主席) 陳弘宇先生 齊明智先生(行政總裁) 許超強先生 非執行董事 沈敬武先生(副主席) 獨立非執行董事 黃 偉 德 先 生 柳建華博士 楊學枝先生 審核委員會 黃偉德先生(主席) 柳建華博士 楊學枝先生 薪酬委員會 柳建華博士(主席) 陳啟遠先生 黃偉德先生 提名委員會 陳啟遠先生(主席) 柳建華博士 黃偉德先生 策略發展委員會 陳啟遠先生(主席) 沈敬武先生 齊明智先生 楊學枝先生 授權代表 齊明智先生 蘇偉恒先生 公司秘書 蘇偉恒先生 法律顧問 }} 參 : 安理國際律師事務所 香港 ...

圈考乐教育 s C H O L A R E D U C A T L O N 思考乐教育集团 《罗 湖北荆州老岭小学 "爱心多媒体教室" "爱心因书5000册" "爱心活动场地及体育器材" "毁师办公电脑及实验器材" l P 業 期 報 告 中 績 高效提分 · 專注升學 RES 载 E AR EDUCATION GROUP 股份代號：1769 (於開曼群島註冊成立之有限公司) 0000 公司資料 2 主席報告 ６ 中期財務資料審閱報告 10 中 期 簡 明 綜 合 全 面 收 益 表 1 1 中期簡明綜合資產負債表 12 中期簡明綜合權益變動表 14 中期簡明綜合現金流量表 16 中 期財 務 資 料 附 註 18 管理層討論及分析 39 企業管治及其他資料 45 釋義 54 目 錄 公司簡介 4 財務摘要 ５ == 2020年同 == 2020 中期報告。 公司資料 非執行董事 沈敬武先生(副主席) 獨立非執行董事 黃偉德先生 柳建華博士 楊學枝先生 審核委員會 核數師 薪酬委員會 柳建華博士(主席) 陳啟遠先生 合規顧問 黃偉德先生 提名委員會 陳啟遠先生(主席) 柳建華博士 黃偉德先生 策略發展委員會 ...

思考樂教育集 團 Scholar Education Group Annual Report 2019 Annual 2019 Report 年報 Stock Code: 01769 (Incorporated in the Cayman Islands with limited liability) 2019 年報 股份代號 : 01769 (於開曼群島註冊成立的有限公司) 目 公司资料 2 公司簡介 4 財務摘要 5 主席報告 6 財務概要 8 管理層討論及分析 9 董事及高級管理層 16 董事會報告 21 企業管治報告 48 環境、社會及管治報告 63 獨立核數師報告 89 綜合財務報表 04 釋義 164 公司資料 | --- | --- | |----------------------|------------------------| | 董事會 | 法律顧問 | | 執行董事 | }} 參 : | | 陳啟遠先生(主席) | 安理國際律師事務所 | | 陳弘宇先生 | 香港 | | 齊明智先生(行政總裁) | 中環康樂廣場8號 | | 許超強先生 | 交易廣場三期9樓 | | 非執行董事 | ...

ح 思考乐教育 思考樂教育集團 Scholar Education Group (於開曼群島註冊成立的有限公司) 股份代號：1769 ULTIES A 效 提 2019 中期報告 目 錄 2 公司资料 4 主席報告 8 中期財務資料審閱報告 9 中期簡明綜合全面收益表 11 中期簡明綜合資產負債表 13 中期簡明綜合權益變動表 15 中期簡明綜合現金流量表 17 中期財務資料附註 41 管理層討論及分析 46 企業管治及其他资料 52 釋義 思考樂教育集團 2019中期報告 1 公司资料 | --- | --- | |----------------------|------------------------| | | | | | | | 董事會 | 法律顧問 | | 執行董事 | 關於香港法律 : | | 陳啟遠先生(主席) | 安理國際律師事務所 | | 陳弘宇先生 | 香港 | | 齊明智先生(行政總裁) | 中環康樂廣場8號 | | 許超強先生 | 交易廣場三期9樓 | | 非執行董事 | 膀於開曼群島法律 : | | 沈敬武先生 | Conyers Dill & Pearman | | 獨立非執行 ...