Financial Performance - Revenue for the six months ended June 30, 2022, was RMB 385,545,000, representing a 21% increase from RMB 318,352,000 in the same period of 2021[11] - Gross profit increased by 30% to RMB 249,188,000, compared to RMB 192,326,000 in the previous year[11] - The net profit for the period was RMB 247,575,000, a 29% increase from RMB 192,539,000 in the previous year[11] - Profit before tax increased by 28% to approximately RMB 248.9 million compared to the previous period[60] - Net profit attributable to the company's owners grew by approximately 32% to RMB 196.4 million[65] - Total comprehensive income for the period was RMB 201,793,000, compared to RMB 145,211,000 in the previous year, indicating a 38.9% increase[143] - Basic and diluted earnings per share for the period were RMB 12.27, compared to RMB 9.28 in the previous year[133] - The pre-tax profit for the six months ended June 30, 2022, was RMB 196,395,000, compared to RMB 148,611,000 for the same period in 2021, reflecting a year-on-year increase of approximately 32.2%[184] Enrollment and Student Statistics - The number of students enrolled for the 2022/2023 academic year is planned to increase to 20,906, a growth of 17.8% from 17,744 in 2021/2022[15] - Zhengzhou University of Economics plans to increase its enrollment from 10,040 to 12,646 students, a significant rise of 26%[16] - The number of students in the specialized undergraduate program at Zhengzhou University of Economics is expected to grow by 50.2%, from 3,080 to 4,626[16] - As of June 30, 2022, the number of students at Jingyi School was 1,172, an increase of 7.6% from 1,089 in 2021[37] - The enrollment plan for the 2022/2023 academic year is 7,940 students, representing a 7.5% year-on-year increase[23] Assets and Liabilities - Current assets decreased by 22% to RMB 1,001,980,000 from RMB 1,285,182,000 as of December 31, 2021[12] - Current liabilities decreased significantly by 64% to RMB 201,219,000 from RMB 554,117,000[12] - Total equity increased by 10% to RMB 2,689,371,000 from RMB 2,436,398,000[12] - Total assets as of June 30, 2022, amounted to RMB 2,725,173,000, an increase from RMB 2,460,649,000 as of December 31, 2021[135] - Non-current assets totaled RMB 1,924,412,000, up from RMB 1,729,584,000 at the end of 2021[135] - The debt-to-asset ratio as of June 30, 2022, was 1.9%, with short-term bank loans of RMB 50.0 million[72] Employee and Operational Metrics - The employment rate for graduates from Zhengzhou University of Economics was approximately 93.80% in the 2020/2021 academic year[16] - The school has established 3 provincial key construction disciplines, including Business Management and Mechanical Manufacturing[19] - The school has built 11 on-campus training bases, including 145 experimental training rooms[27] - The school collaborates with 328 industry associations and enterprises to establish off-campus internship training bases[28] - As of June 30, 2022, the group had 2,100 employees, an increase from 1,970 employees as of December 31, 2021[79] - Total employee benefit expenses for the six months ended June 30, 2022, amounted to approximately RMB 916 million, excluding director remuneration[79] Investment and Expansion Plans - The company plans to expand the Changzheng College campus by constructing new training buildings, dormitories, and administrative offices totaling approximately 57,102 square meters, increasing student capacity by about 5,000[42] - A new campus for Jingyi School is planned in Kaifeng, Henan Province, with an estimated capacity of 15,000 students[43] - The company intends to establish a degree-granting higher education institution in California, USA, focusing on business administration and international business courses[47] - The company plans to acquire or invest in underutilized higher education institutions in Central, East, and South China, targeting profitable private schools[44] Financial Management and Governance - The company aims to optimize its pricing strategy to enhance profitability, leveraging increased brand recognition and market acceptance[48] - The company does not recommend the payment of an interim dividend for the six months ending June 30, 2022[98] - The audit committee, consisting of three independent non-executive directors, is responsible for reviewing and supervising the company's financial reporting procedures and internal controls[99] - The company has adopted the corporate governance code and has complied with its provisions, except for the separation of the roles of chairman and CEO[96] Shareholding and Ownership Structure - Mr. Chen Yuguo holds 378,000,000 shares, representing 23.61% of the company's equity, indicating a strong bullish position[108] - Mr. Chen Shu and Mr. Chen Lingfeng each hold 216,000,000 shares, accounting for 13.49% of the equity, also reflecting a bullish stance[108] - The company maintains a strong ownership structure with significant stakes held by its directors, indicating confidence in future performance[113] - The total shares held by major shareholders reflect a concentrated ownership, which may influence strategic decisions and market stability[113] Cash Flow and Expenditures - Cash and cash equivalents decreased by RMB 238.0 million to RMB 989.3 million, primarily due to cash outflows from operating and investment activities[71] - Capital expenditures for the period amounted to RMB 238.7 million, significantly higher than RMB 114.0 million in the previous period[73] - The company incurred a net cash outflow from investing activities of RMB 238,687,000, compared to RMB 115,939,000 in the previous year, reflecting increased investment activities[148] Regulatory and Compliance Matters - The implementation of the 2021 regulations may impact the development of private education institutions, including tax benefits for non-profit private schools[84] - The company has taken reasonable actions to meet qualification requirements for establishing Sino-foreign joint schools, as advised by its legal counsel[92] - The group has not registered any of its schools as for-profit private schools or non-profit private schools as of the date of the financial statements approval[178]

2021 ANNUAL REPORT 2021 Annual Report 年度報告 嘉宏教育科技有限公司 JH Educational Technology INC. 2021 年度報告 嘉宏教育科技有限公司 JH Educational Technology INC. （於開曼群島註冊成立的有限公司） 股份代號： 1935 | --- | --- | |-------|--------------------------| | | | | 目錄 | | | | | | 2 4 | 公司資料 財務摘要 | | 6 | 主席報告 | | 8 | 管理層討論與分析 | | 19 | 董事及高級管理層簡歷 | | 29 | 董事會報告 | | 62 | 企業管治報告 | | 77 | 環境、社會及管治報告 | | 105 | 獨立核數師報告 | | 112 | 綜合損益及其他全面收益表 | | 114 | 綜合財務狀況表 | | 116 | 綜合權益變動表 | | 118 | 綜合現金流量表 | | 120 | 財務報表附註 | | 179 | 釋義 | 授權代表 陳淩峰先生 麥寶文女士 | --- | --- ...

2021 INTERIM REPORT 2021 Interim Report 中期報告 嘉宏教育科技有限公司 JH Educational Technology INC. 2021 中期報告 嘉宏教育科技有限公司 JH Educational Technology INC. （於開曼群島註冊成立的有限公司） 股份代號： 1935 目錄 2 公司資料 4 財務資料概要 5 管理層討論與分析 18 企業管治及其他資料 未經審核中期簡明綜合損益及其他全面收益表 25 27 未經審核中期簡明綜合財務狀況表 29 未經審核中期簡明綜合權益變動表 31 未經審核中期簡明綜合現金流量表 33 未經審核中期簡明綜合財務報表附註 公司資料 | --- | --- | |-------------------------|----------------------------------------| | 董事會 | 註冊辦事處 | | 執行董事 | Cricket Square | | 陳餘國先生 （主席） | Hutchins Drive | | 陳餘春先生 | P.O. Box 2681 | | 陳澍先生 | Gran ...

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res of a 1 0 1 01101 0 0 F 01 0 0 1 1 / 1 1 B 8 0 1 1 3 6 8 1 9 0 0 9 · 1 · 1 · 1 · 1 · 1 · 1 8 0 . 0010100 . 0 . 0 1 @ 0 1 0 1 0 = 0 0 0 1 0 8 1 : 0 0 0 0 0 1 0 . 0014 1 - 1 - 1 - 10 - 8 - 88 - 10 - 1 1000001 0001:101 = 00 00 . 0 . 001000 811/10 11/10 . 11/ 8 == 11 1 · 01 · 10 : 0 : 1 : 10 : 0 : 10 : 00 1 . 1001 1111 8 01 11 81 3 8 - 971 . 8 . 8 11 81 14 8 8 00 - 0 2020 中 期 報 告 a 8 嘉宏教育科技有限公司 JH Educational Technology INC. (於開曼群島註冊成立的有限公司) 股份代號：1935 01 : 0 1 1 0 1 1 1 91110 0 : 0 1 0 0 1 100 = 1 1 9 : 1 : ...

or 嘉宏教育科技有限公司 JH Educational Technology INC. (於開曼群島註冊成立的有限公司) 股份代號：1935 目錄 公司資料 2 4 財務及經營摘要 6 主席報告 8 管理層討論與分析 22 董事及高級管理層簡歷 31 董事會報告 65 企業管治報告 80 環境、社會及管治報告 獨立核數師報告 97 103 綜合損益及其他全面收益表 105 綜合財務狀況表 107 綜合權益變動表 109 綜合現金流量表 112 財務報表附註 176 釋義 公司資料 | --- | --- | |------------------------------------------------|----------------------------------------| | 董事會 | 註冊辦事處 | | 執行董事 | Cricket Square | | 陳餘國先生 （主席） | Hutchins Drive | | 陳餘春先生 | P.O. Box 2681 | | 陳澍先生 | Grand Cayman KY1-1111 | | 陳南蓀先生 | Cayman Islands | | ...

or 嘉宏教育科技有限公司 JH Educational Technology INC. (於開曼群島註冊成立的有限公司) 股份代號：1935 目錄 公司資料 2 4 財務資料概要 5 管理層討論與分析 16 企業管治及其他資料 23 未經審核中期簡明綜合損益及其他全面收益表 25 未經審核中期簡明綜合財務狀況表 27 未經審核中期簡明綜合權益變動表 29 未經審核中期簡明綜合現金流量表 32 未經審核中期簡明綜合財務報表附註 公司資料 | --- | --- | |---------------------------|----------------------------------------| | | | | 董事會 | 註冊辦事處 | | 執行董事 | Cricket Square | | 陳餘國 （主席） | Hutchins Drive | | 陳餘春先生 | P.O. Box 2681 | | 陳澍先生 | Grand Cayman KY1-1111 | | 陳南蓀先生 | Cayman Islands | | 陳淩峰先生 | 總部及中國主要營業地點 | | 非執行董事 | 中國浙江 | | ...