Summary of Key Points Group 1: 52-Week Highs - A total of 69 stocks reached their 52-week highs as of May 27, with notable performers including: - Kingway Medical Holdings (08559) with a high rate of 78.95%, closing at 0.020 and reaching a peak of 0.034 [1] - CWT INT'L (00521) at 20.16%, closing at 0.134 and peaking at 0.149 [1] - Ginkgo Education (01851) at 19.83%, closing at 1.090 and peaking at 1.450 [1] - Other significant stocks include: - Wing On (00289) at 16.00% [1] - CTR Holdings (01416) at 9.28% [1] - Chinese Silver Technology (00515) at 8.18% [1] Group 2: 52-Week Lows - The 52-week low rankings featured several stocks, with the most significant declines being: - Moshang Group Holdings (01817) with a low rate of -21.43%, closing at 0.350 and hitting a low of 0.275 [2] - Huajin International Holdings (02738) at -6.11% [2] - Baide International (02668) at -5.91% [2] - Other notable declines include: - China Frontier Technology Group at -4.84% [2]

于2021╱2022学年,约14,800名学生入读成都银杏酒店管理学院。 历经十余年发展,本集团秉承"服务养成、知行相济"的办学理念,以酒店管理为专业特色,秉承多学科、多 专业协调发展的办学方向,通过提供多元化课程及广泛的实践培训平台,培养现代服务业所需,具备专业知 识及文化素养、较强实践能力的高端应用型人才,致力于成为中国酒店管理行业人才培养标准的制定 者。 （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。） 截至4月25日收盘，银杏教育（01851.HK）报1.090港元，较上个交易日上涨2.83%，当日盘中最高价触 及1.120港元，创近一年新高。 资金流向方面，当日主力流入1.322万港元，流出0.000万港元，净流入1.32万港元。 中国银杏教育集团有限公司("本公司")于二零一八年三月二十三日根据开曼群岛公司法在开曼群岛注册 成立为获豁免有限公司。自注册成立以来,本公司为投资控股公司。本公司、子公司及通合约安排控制 的实体("本集团")为四川省的一名高等教育服务供应商。 本集团的历史可追溯至二零零二年,当时本集团创办人方先生凭借其于餐饮业的丰富管理经验,加上富有 远 ...

Financial Performance - The company's revenue for the fiscal year ended December 31, 2024, was approximately RMB 372.7 million, an increase of about 5.0% compared to RMB 354.9 million in 2023[9]. - The gross profit for the same period was RMB 209.96 million, with a gross margin of 56.3%, down from 60.1% in 2023[9]. - The net profit for the year was RMB 153.21 million, resulting in a net profit margin of 41.1%, slightly down from 41.7% in 2023[9]. - Tuition revenue for the year reached RMB 325.2 million, an increase of 7.2% from RMB 303.4 million in the previous year[25]. - The number of graduates increased by 18.0% to approximately 5,397 in June 2024, up from 4,572 in the previous year[20]. - The sales cost for the year was approximately RMB 162.7 million, an increase of 14.7% from RMB 141.8 million in the previous year[27]. - Gross profit for the year was approximately RMB 210.0 million, with a gross margin of 56.3%, down from 60.1% in the previous year[28]. - The administrative expenses for the year amounted to approximately RMB 56.5 million, an increase from RMB 52.9 million in the previous year[30]. - The net profit for the year increased by approximately 3.5% to about RMB 153.2 million, compared to RMB 148.0 million in the previous year[35]. Assets and Liabilities - The total non-current assets increased to RMB 1,303.39 million in 2024 from RMB 1,234.87 million in 2023[10]. - Current assets rose to RMB 283.06 million in 2024, compared to RMB 224.53 million in 2023[10]. - The company's total liabilities decreased, with a debt-to-equity ratio of 4.1% in 2024, down from 15.8% in 2023[10]. - As of December 31, 2024, the group's cash and cash equivalents amounted to RMB 271.7 million, an increase of approximately 26.0% from RMB 215.7 million in 2023[36]. - The total borrowings of the group as of December 31, 2024, were RMB 309.8 million, down from RMB 339.8 million in 2023, indicating a reduction of approximately 8.8%[37]. - The debt-to-equity ratio as of December 31, 2024, was 4.1%, significantly lower than 15.8% in 2023, primarily due to a decrease in total borrowings and an increase in cash and cash equivalents[38]. - The net current liabilities as of December 31, 2024, were approximately RMB 174.5 million, an increase of about 3.6% from RMB 168.4 million in 2023[39]. - The capital commitments not yet provided for as of December 31, 2024, were approximately RMB 17.7 million, down from RMB 43.5 million in 2023[42]. Employment and Workforce - The employment rate for undergraduate graduates reached 89.9% in 2024, reflecting the effectiveness of the company's educational methods[14]. - The total number of enrolled students at Yinxing Academy for the 2024/2025 academic year is 20,745, a slight increase of 0% from 20,728 in the previous year[22]. - The group employed 1,106 staff as of December 31, 2024, an increase from 960 staff in 2023, reflecting a growth in workforce[46]. - As of December 31, 2024, the employee gender ratio is 1.9:1, indicating a commitment to gender diversity in the workforce[194]. Strategic Initiatives - The company plans to focus on training courses in culinary arts, baking skills, bartending, and coffee-making, capitalizing on the growing demand for vocational education in the hotel industry[15]. - The company aims to enhance market penetration and improve teaching quality while establishing itself as a standard setter in China's hotel education sector[26]. - The company is planning market expansion into Southeast Asia, targeting a 10% market share within the next two years[66]. - There are ongoing discussions regarding potential mergers and acquisitions to strengthen the company's market position[66]. - The company has outlined a future outlook with a projected revenue growth of 20% for the next fiscal year[66]. Governance and Compliance - The board consists of seven directors, including four executive directors and three independent non-executive directors, ensuring a diverse governance structure[182]. - The company has adopted a corporate governance code to ensure effective accountability and risk management[177]. - The independent non-executive directors confirmed their independence according to listing rules[161]. - The company has established a whistleblowing mechanism to ensure compliance and accountability within its operations[179]. - The board has established three committees: the Audit Committee, the Remuneration Committee, and the Nomination Committee, each with clear written terms of reference[200]. - The company has complied with environmental, social, and governance reporting guidelines as per listing rules[171]. - The company is monitoring updates to the Foreign Investment Law and will seek legal advice to ensure compliance with all relevant regulations[153]. Risks and Challenges - The company faces various operational risks, including maintaining enrollment numbers and managing capital expenditure plans[84]. - The company faces significant risks related to contractual arrangements, including potential penalties from the Chinese government if agreements are deemed non-compliant with local laws[117]. - The ability of consolidated affiliated entities to operate in the private education sector may be subject to regulatory restrictions, impacting overall business performance[117]. - The company may lose access to important assets held by consolidated affiliated entities if any of them undergo liquidation or winding-up procedures, negatively affecting revenue generation[117]. Shareholder Information - The company's reserves available for distribution to shareholders as of December 31, 2024, amount to approximately RMB 432.4 million[73]. - The board has decided not to recommend a final dividend for the fiscal year ending December 31, 2024[67]. - The total number of issued shares as of December 31, 2024, is 500,000,000[95]. - Mr. Fang holds 366,562,500 shares, representing 73.3% of the company's equity[93]. - Mr. Tian holds 8,437,500 shares, representing 1.7% of the company's equity[93]. - GreenTree Hospitality Group holds 41,336,000 shares, representing 8.3% of the total issued shares[97]. Related Party Transactions - The company has established multiple ongoing agreements and arrangements with related parties in its daily operations, which constitute continuing connected transactions under listing rules[111]. - The company has not engaged in any significant transactions with its controlling shareholders during the year[92]. - The company has complied with the disclosure requirements for related party transactions as per the listing rules[147]. - There were no related party transactions that required disclosure under the listing rules for the year[149]. Environmental and Social Responsibility - The company is committed to social responsibility and sustainable growth, with no major environmental law violations reported[77]. - The company adheres to a mission of "achieving students and serving society," focusing on corporate social responsibility and creating value for stakeholders[179].

Financial Performance - For the fiscal year ending December 31, 2024, the company reported revenue of RMB 354,862,000, a decrease of 4.4% compared to RMB 372,687,000 in 2023[3] - Gross profit for the same period was RMB 213,110,000, slightly down from RMB 209,963,000, indicating a gross margin of approximately 60%[3] - Net profit for the year was RMB 148,032,000, compared to RMB 153,207,000 in the previous year, reflecting a decline of 3.8%[3] - Basic earnings per share rose to RMB 0.31 from RMB 0.30, representing a year-on-year increase of 3.3%[4] - The group's operating profit before tax was RMB 153,832,000 for the year, up from RMB 148,762,000 in 2023, indicating a growth of 3.6%[29] - The group's net profit for the reporting period increased by approximately 3.5% to about RMB 153.2 million, compared to RMB 148.0 million in 2023[68] Enrollment and Education Services - The number of enrolled students increased to 20,745 in 2024 from 20,728 in 2023, showing a marginal growth in student enrollment[3] - The total number of enrolled students at Yinxing College for the 2024/2025 academic year is 20,745, a slight increase from 20,728 in the previous year[49] - The number of graduates in June 2024 is approximately 5,397, representing an 18.0% increase from 4,572 graduates in the previous year[49] - The number of undergraduate degree programs offered has increased to 29 from 30 in the previous year, while the number of diploma programs remains at 24[51] Revenue Sources - Tuition fees accounted for RMB 325,181,000, representing a growth of 7.2% compared to RMB 303,394,000 in the previous year[19] - Accommodation fees for the reporting period are approximately RMB 27.1 million, an increase of 9.2% from RMB 24.9 million in the previous year[55] - The group recognized revenue of RMB 197,847,000 from contract liabilities at the beginning of the year, an increase from RMB 175,647,000 in 2023[22] - The group’s total contract liabilities as of December 31, 2024, were RMB 202,241,000, compared to RMB 198,569,000 in 2023, marking a 1.3% increase[21] Assets and Liabilities - Total assets increased to RMB 1,586,443,000 in 2024, up from RMB 1,459,398,000 in 2023, marking a growth of 8.7%[5] - Total liabilities decreased to RMB 648,534,000 in 2024 from RMB 674,696,000 in 2023, a reduction of 3.9%[6] - Cash and cash equivalents rose significantly to RMB 271,723,000 in 2024, compared to RMB 215,713,000 in 2023, an increase of 25.9%[5] - The group's debt as of December 31, 2024, was approximately RMB 309.8 million, down from RMB 339.8 million in 2023[71] - The group's current liabilities net amount was approximately RMB 174.5 million, an increase of about 3.6% from RMB 168.4 million in 2023[73] - The group's debt-to-equity ratio decreased to 4.1% as of December 31, 2024, from 15.8% in 2023[72] Taxation and Deferred Tax - The corporate income tax rate in China for the current year is 25%[33] - The group has not recognized any income tax expense for revenue from providing regular academic education services, resulting in zero income tax expense for 2023[34] - As of December 31, 2023, the group has recognized deferred tax assets of approximately RMB 6,552,000 related to tax losses carried forward[36] - The total tax losses available for carryforward as of December 31, 2023, amount to RMB 26,207,000, with a five-year carryforward period for subsidiaries in China[37] Corporate Governance and Compliance - The group has adopted new and revised standards that do not have a significant financial impact on its operations for the current reporting period[13] - The group has pledged assets totaling RMB 203.4 million as collateral for bank loans amounting to RMB 269.8 million[79] - The company has adopted the standard code of conduct for securities trading by directors, confirming compliance during the reporting period[90] - The company maintained sufficient public float as required by listing rules during the reporting period[91] - The audit committee, consisting of three independent non-executive directors, has reviewed the annual performance during the reporting period[93] - The group's auditor, PwC, confirmed that the preliminary performance figures align with the audited consolidated financial statements[94] Future Plans and Market Strategy - The company continues to explore market expansion opportunities and new strategies to enhance its educational offerings[8] - The company aims to enhance market penetration and improve teaching quality to solidify its position in China's hotel education sector[58] - The company plans to actively develop overseas education and strengthen international cooperation with foreign educational institutions[58] Employee and Operational Insights - The group employed 1,106 staff as of December 31, 2024, an increase from 960 employees in 2023, with compensation policies aligned with market conditions and local regulations[80] - The group’s administrative expenses were approximately RMB 56.5 million, an increase from RMB 52.9 million in 2023[63] - There were no significant investments, acquisitions, or disposals involving subsidiaries or joint ventures during the reporting period[74] Dividends and Profit Retention - The board has resolved not to recommend any final dividend for the year ending December 31, 2024, similar to 2023, and plans to reinvest profits into expansion projects and business operations[82] - The group did not declare or pay any dividends for the years ended December 31, 2023, and 2024[40]

於開曼群島註冊成立的有限公司） 股份代號：1851 2024 中期報告 m 目錄 管理層討論及分析4 企業管治及其他資料 10 中期簡明合併全面收益表 15 中期簡明合併資產負債表 16 中期簡明合併權益變動表 17 中期簡明合併現金流量表 18 中期簡明合併財務資料附註 19 公司資料2 公司資料 | --- | --- | --- | --- | |-----------------------------------|-------------------------------------------------------|-------|-------| | 董事會 | 主要往來銀行 | | | | 執行董事 | 中國銀行（香港）有限公司 | | | | 方功宇先生 （董事會主席） | 中國郵政儲蓄銀行郫縣犀浦支行 | | | | 田濤先生 | 中國建設銀行郫縣高新支行 | | | | 余媛女士 | 中信銀行成都西區支行 | | | | 馬曉明先生 | | | | | | 註冊辦事處 | | | | 獨立非執行董事 | Cricket Square | | | | 蔣謙先生 | Hutchins ...

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之內容概不 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 全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 中 國 銀 杏 教 育 集 團 有 限 公 司 China Gingko Education Group Company Limited （於開曼群島註冊成立之有限公司） （股份代號：1851） 截至二零二四年六月三十日止六個月的 中期業績 中 國 銀 杏 教 育 集 團 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 及 併 表 聯 屬 實 體 統 稱 「本集團」）的 董 事（「董 事」）會（「董事會」）宣 佈，本 集 團 截 至 二 零 二 四 年 六 月 三 十 日 止 六 個 月（「報告期」）的 未 經 審 核 合 併 業 績，連 同 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月（「過往期間」）的 比 較 數 字 如 下。 – 1 – 中期簡明合併全面收益表 截至二零二四年六月三十日止六個月 （除 另 有 指 明 ...

Financial Performance - Revenue for the year ended December 31, 2023, was RMB 354,862,000, representing a 24% increase from RMB 286,193,000 in 2022[7] - Gross profit for the same period was RMB 213,110,000, up from RMB 162,235,000, indicating a significant growth in profitability[7] - Operating profit increased to RMB 163,403,000 from RMB 113,939,000, reflecting a 43% year-over-year growth[7] - Profit attributable to owners of the company for the year was RMB 148,032,000, compared to RMB 85,008,000 in the previous year, marking a 74% increase[7] - Basic and diluted earnings per share rose to RMB 0.30 from RMB 0.17, showing improved earnings performance[7] - The company reported a net finance cost of RMB 14,641,000, a reduction from RMB 28,735,000 in the prior year, indicating better financial management[7] - Net profit for the fiscal year was RMB 148.0 million, up from RMB 85.0 million in 2022, reflecting a net profit margin of 41.7%[36] - The group’s profit increased by approximately 74.1% to about RMB 148.0 million for the year, compared to RMB 85.0 million in 2022[84] - The group’s total liabilities decreased by approximately 39.4% to RMB 168.4 million, down from RMB 277.9 million in the previous year[88] - The company’s debt-to-equity ratio as of December 31, 2023, was 15.8%, down from 31.5% in 2022, primarily due to a reduction in total borrowings and an increase in cash and cash equivalents[114] Student Enrollment and Educational Services - The number of enrolled students at Ginkgo Hotel Management College increased to approximately 20,728, an 8.3% rise from 19,148 in the previous academic year[44] - The number of graduates in 2023 was approximately 4,572, a significant increase of 55.5% compared to 2,941 in 2022[44] - The number of students enrolled in diploma programs increased from 2,007 in the 2022/2023 academic year to 2,410 in the 2023/2024 academic year, primarily due to participation in an independent enrollment plan[74] - The company is focused on enhancing its educational services and expanding its market presence in China, particularly through its Ginkgo Hotel Management College[14] - The company plans to actively promote school-enterprise cooperation and integration of industry and education to align professional offerings with market demand[27] - The company plans to expand its international cooperation with overseas educational institutions and enterprises to enhance its educational offerings[51] - The company aims to diversify its revenue sources by further developing training programs under the Ginkgo brand[51] Operating Expenses and Financial Management - The total operating expenses, including selling and administrative expenses, were managed effectively, with administrative expenses slightly decreasing to RMB 52,850,000 from RMB 54,036,000[7] - The company’s administrative expenses for the year were approximately RMB 52.9 million, a decrease from RMB 54.0 million in 2022[107] - The group’s sales costs for the year were approximately RMB 141.8 million, an increase of about 14.4% from RMB 124.0 million in 2022[79] - Other income for the year was approximately RMB 1.4 million, a decrease from RMB 4.7 million in the previous year, mainly due to reduced foreign exchange gains[81] - The group’s financial expenses decreased to approximately RMB 14.6 million from RMB 28.7 million in 2022, attributed to reduced new borrowings and lower interest rates[82] Cash Flow and Investments - The total cash and cash equivalents as of December 31, 2023, were approximately RMB 215.7 million, representing an increase of about 7.9% from RMB 199.9 million in 2022[111] - The net cash generated from operating activities for 2023 was approximately RMB 237.5 million, compared to RMB 212.0 million in 2022[112] - The net cash used in investing activities for 2023 was approximately RMB 141.0 million, a decrease from RMB 153.4 million in 2022[112] - The net cash used in financing activities for 2023 was approximately RMB 81.8 million, compared to RMB 19.7 million in 2022[112] - The company has plans for future investments and capital expenditures, although specific details were not disclosed in the provided content[115] Corporate Governance and Risk Management - The company has established a risk management framework to address operational risks, including expanding school networks and increasing tuition fees[138] - An independent internal control consultant was appointed to evaluate the internal control system, covering all major risks and controls[140] - The board is responsible for overseeing the company's overall risk and approving significant business decisions related to major risk exposures[138] - The company has implemented a risk management and internal control system to assess and manage risks and opportunities, including environmental, social, and governance risks[161] - The company emphasizes the importance of effective corporate governance to better understand and manage risks and opportunities[161] - The company has established a formal and transparent procedure for determining the compensation policy for senior management, ensuring accountability and governance[156] - The company has a diverse board structure, considering various factors such as gender, age, and professional experience in the selection of directors[169] Shareholder Information and Dividends - The board has decided not to recommend a final dividend for the year ending December 31, 2023[134] - The company's reserves available for distribution to shareholders as of December 31, 2023, amount to approximately RMB 428.6 million[175] - The annual general meeting is scheduled for June 14, 2024, with a cutoff for share transfer registration on June 7, 2024[135][136] - The company has suspended the transfer of shares from June 11, 2024, to June 14, 2024, to determine eligibility for voting at the annual general meeting[155] Compliance and Regulatory Matters - The company is registered in the Cayman Islands and its shares are listed on the Hong Kong Stock Exchange, complying with relevant laws and regulations[132] - The company has adopted multiple policies to ensure compliance with listing rules, including risk management and information disclosure[139] - The company is committed to timely disclosure of inside information as per the Securities and Futures Ordinance and Listing Rules[165] - The company has not disclosed any insider information in the current report[141] Social Responsibility - The company is committed to social responsibility and sustainable growth, focusing on employee welfare and environmental protection[179] - The company has not faced any significant fines or penalties related to environmental law violations during the year[179] - The company has identified key risks including operational outlook, ability to maintain or increase tuition fees, and competition for resources[183]

Financial Performance - The total revenue for the year ended December 31, 2023, was RMB 354,862 thousand, an increase of RMB 68,669 thousand or 24.0% compared to RMB 286,193 thousand in 2022[14] - Tuition fees contributed RMB 303,394 thousand, up 22.9% from RMB 246,922 thousand in the previous year[14] - The gross profit for the reporting period was approximately RMB 213.1 million, with a gross profit margin of about 60.1%, compared to 56.7% in 2022[19] - The group reported a profit before tax of RMB 106,033 thousand, up from RMB 85,204 thousand in the previous year, representing a growth of approximately 24.5%[98] - The net profit attributable to the company's owners for 2023 was RMB 148,032,000, a significant increase of 74% from RMB 85,008,000 in 2022[80] - Earnings per share for the fiscal year 2023 was RMB 0.30, up from RMB 0.17 in 2022, indicating a growth of 76.5%[80] - The group reported a net profit of RMB 148,032,000 for the year[121] - The group's net profit margin for the year was approximately 29.6%, consistent with the previous year’s performance[98] Revenue Sources - The group reported a significant increase in accommodation fees, which reached RMB 24,862 thousand, a rise of 27.5% from RMB 19,507 thousand in 2022[14] - Other income for the reporting period was approximately RMB 1.4 million, a decrease from RMB 4.7 million in 2022, primarily due to reduced foreign exchange gains[22] - The group's operating cash flow primarily comes from tuition fees, accommodation fees, and catering service fees, with investment cash outflows mainly including purchases of properties, plants, and equipment totaling approximately RMB 141.0 million[39] - Contract liabilities related to recognized revenue amounted to RMB 175,647 thousand for the year ended December 31, 2023, an increase from RMB 129,065 thousand in the previous year, showing a growth of approximately 36.2%[101] - Contract liabilities related to tuition fees amounted to RMB 178,325,000, an increase of 11.7% from RMB 159,564,000 in 2022[127] Assets and Liabilities - Total assets increased to RMB 1,459,398 thousand, up from RMB 1,408,891 thousand, representing a growth of approximately 3.6%[60] - Total liabilities decreased to RMB 674,696 thousand from RMB 772,221 thousand, a reduction of about 12.6%[61] - The group’s total liabilities decreased to RMB 123,728,000 in 2023 from RMB 178,441,000 in 2022, reflecting a reduction of 30.7%[118] - The net current liabilities decreased by approximately 39.4% to RMB 168.4 million as of December 31, 2023, down from RMB 277.9 million in the previous year[158] Student Enrollment and Education Services - The number of enrolled students increased to 20,728 in the 2023/2024 academic year, up from 19,148 in the previous year, representing a growth of approximately 8.2%[79] - The number of graduates in June 2023 was approximately 4,572, a significant increase of 55.5% compared to 2,941 graduates in the previous year[144] - The total number of undergraduate degree programs offered increased to 30, while the number of diploma programs remained at 24 as of December 31, 2023[145] - The group plans to expand its student enrollment and improve marketing efforts, with the number of students in the diploma program increasing from 2,007 to 2,410 for the academic years 2022/2023 to 2023/2024[175] Corporate Governance and Compliance - The group has established an audit committee consisting of three independent non-executive directors, ensuring compliance with listing rules and corporate governance standards[50] - The group confirmed that all directors have strictly adhered to the standards set forth during the reporting period[49] - The audit committee has confirmed that the preliminary performance figures align with the audited consolidated financial statements for the year[197] - The annual report contains all information required by the Listing Rules and will be sent to shareholders at the appropriate time[198] Future Outlook and Strategic Plans - The group expects continued demand for skilled talent in the hospitality industry, positioning itself to capture growth opportunities in China[11] - The group anticipates further development of training courses under its existing brand to diversify revenue sources[16] - The group plans to expand its hotel management services in China, aiming to enhance revenue streams and market presence[96] - The group has a cautious optimistic outlook for future development, aiming to become a leader in hotel education in China through international collaborations and expansion of the Yinxing Academy[177] Cost Management and Financial Health - Administrative expenses decreased slightly to RMB 52,850,000 in 2023 from RMB 54,036,000 in 2022, showing cost management efforts[80] - The group has implemented cost control measures, resulting in a sales cost of approximately RMB 141.8 million, an increase of about 14.4% from RMB 124.0 million in the previous year[180] - The group incurred net financial expenses of RMB 28,735 thousand, compared to RMB 27,668 thousand in the previous year, indicating a slight increase[98] Staff and Operations - The group employed 960 staff members as of December 31, 2023, an increase from 830 staff members in the previous year[161] - The group aims to further increase market penetration and improve teaching quality while solidifying its position in China's hotel education sector[148]

Shareholding Structure - As of June 30, 2023, the company has 500,000,000 shares issued, with Vast Universe Company Limited holding 366,562,500 shares, representing 73.3% ownership[5] - Tian Tao holds 8,437,500 shares through HFYX Company Limited, accounting for 1.7% of the total shares[5] Corporate Governance - The board consists of four executive directors and three independent non-executive directors, adhering to high standards of corporate governance[16] - The company has maintained compliance with all mandatory disclosure requirements and corporate governance code provisions during the reporting period[16] Financial Performance - The group reported total revenue of RMB 184,275,000 for the six months ended June 30, 2023, representing a 37.4% increase from RMB 134,109,000 in the same period of 2022[38] - Gross profit for the same period was RMB 116,409,000, up from RMB 79,642,000, indicating a significant improvement in profitability[38] - Operating profit increased to RMB 93,492,000, compared to RMB 59,568,000 in the prior year, reflecting a growth of 56.8%[38] - Net profit for the period was RMB 82,158,000, a substantial rise from RMB 51,780,000, marking an increase of 58.5% year-on-year[38] - The basic and diluted earnings per share were RMB 0.16, compared to RMB 0.10 for the same period last year, showing a 60% increase[38] - The group did not declare any interim dividend for the six months ended June 30, 2023[28] Assets and Liabilities - Total assets as of June 30, 2023, amounted to RMB 1,243,986,000, with significant contributions from the higher education segment[29] - The group’s current liabilities net amount was RMB 139,999,000, excluding non-financial liabilities, as of June 30, 2023[43] - The total liabilities of the group were RMB 525,158,000 as of June 30, 2023, down from RMB 772,221,000 as of December 31, 2022[51] - The group reported a total non-current asset value of RMB 1,183,560,000 as of June 30, 2023, slightly down from RMB 1,187,277,000 at the end of 2022[51] - The group maintained a cash and cash equivalents level of RMB 47,293,000 as of June 30, 2023, compared to RMB 199,854,000 at the end of 2022[51] - The total borrowings (including principal and interest) due within one year amounted to RMB 211,516,000 as of June 30, 2023[46] - The group’s equity totalled RMB 718,828,000 as of June 30, 2023, an increase from RMB 636,670,000 as of December 31, 2022[51] Cash Flow and Financial Management - The net cash used in operating activities for the six months ended June 30, 2023, was RMB (64,882,000), compared to RMB (53,832,000) for the same period in 2022, indicating a decline in cash flow efficiency[57] - Cash and cash equivalents decreased by RMB 154,118,000 during the six months ended June 30, 2023, compared to a decrease of RMB 68,486,000 in the same period of 2022[57] - The company has no significant liquidity risk, supported by expected operating cash flows and continued bank support[43] Capital Expenditures and Investments - Capital expenditures for the higher education segment were RMB 7,450,000, reflecting ongoing investments in infrastructure[29] - The company has committed capital expenditures of approximately RMB 92 million related to the expansion of the Nankai New Campus as of June 30, 2023[65] - The total capital commitments for property, plant, and equipment amounted to RMB 91,971 thousand as of June 30, 2023, significantly up from RMB 17,633 thousand as of December 31, 2022[166] Employee and Operational Metrics - The company employed 800 staff as of June 30, 2023, down from 830 staff as of December 31, 2022, indicating a reduction in workforce[69] - The operating profit for the higher education segment was RMB 66,042,000, while the hotel management segment reported a loss of RMB 4,191,000[194] Taxation and Compliance - The corporate income tax rate applicable to the company in China is 25%, as per the Corporate Income Tax Law effective from January 1, 2008[113] - The company’s subsidiaries in the Cayman Islands and British Virgin Islands are exempt from corporate income tax, contributing to a favorable tax position[110][111] - The company anticipates retaining profits within its Chinese subsidiaries for future business expansion, rather than distributing dividends to foreign investors[115] Risk Management - The company faced foreign exchange risks primarily related to USD and HKD, with no current hedging policies in place[66] - The group has not made any changes to its risk management policies since the end of the previous year[42] Related Party Transactions - The group engaged in significant related party transactions, purchasing goods and services totaling RMB 3,533 thousand during the six months ended June 30, 2023[174] Future Plans - The group plans to continue expanding its market presence and developing new educational programs to enhance revenue streams[104] - The group submitted an application in July 2023 to convert Yinxing Academy into a for-profit private school, pending government evaluation and approval[187]

B_table indent_4.5 mm N_table indent_4 mm 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之內容概不負責， 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 何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 China Gingko Education Group Company Limited 中 國 銀 杏 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：1851） 截至二零二三年六月三十日止六個月的 中期業績 中國銀杏教育集團有限公司（「本公司」，連同其附屬公司及併表聯屬實體統稱「本 集團」）的董事（「董事」）會（「董事會」）宣佈，本集團截至二零二三年六月三十日止六 個月（ 「報告期」）的未經審核合併業績，連同截至二零二二年六月三十日止六個月 （「過往期間」）的比較數字如下。 ...