Enrollment and Student Statistics - The total number of full-time students at the college for the 2024/2025 academic year is 19,313, a decrease of 0.8% from 19,463 in the 2023/2024 academic year[9]. - The number of new students enrolled for the 2024/2025 academic year is 5,256, down 6.8% from 5,639 in the previous year[10]. - The total enrollment capacity for the 2024/2025 academic year is 5,541, which is a decrease of 5.3% from 5,852 in the previous year[10]. - The enrollment plan for the 2024/2025 academic year is set at 5,541 students, a decrease of 311 students compared to the 2023/2024 academic year, with actual enrollment at 5,256 students[15]. - The employment rate for graduates in the 2023/2024 academic year is approximately 96.54%[8]. Financial Performance - The group's revenue for the period was approximately RMB 183.1 million, a decrease of about RMB 1.0 million or 0.5% compared to the previous period[27]. - Tuition revenue decreased to RMB 167.1 million, down RMB 1.0 million or 0.6%, primarily due to a reduction in student enrollment[27]. - The group's gross profit was approximately RMB 76.1 million, a decrease of about RMB 2.8 million or 3.6%, with a gross margin of 41.6%, down 1.3 percentage points from the previous period[29]. - The group recorded a profit of approximately RMB 51.8 million, a decrease of RMB 15.8 million or 23.5% compared to the previous period[40]. - For the six months ended February 28, 2025, the company reported revenue of RMB 183,057,000, a slight decrease of 0.54% compared to RMB 184,056,000 for the same period in 2024[76]. - Gross profit for the same period was RMB 76,088,000, down 3.6% from RMB 78,932,000 year-over-year[76]. - The company reported a profit of RMB 51,767,000 for the six months ended February 28, 2025, compared to RMB 67,626,000 for the same period in 2024, a decline of 23.5%[83]. - The total comprehensive income for the period was RMB 53,444,000, compared to RMB 66,344,000 for the same period last year, reflecting a decline of 19.4%[78]. Assets and Liabilities - As of February 28, 2025, the group's current assets net amount was approximately RMB 426.4 million, a decrease of RMB 129.1 million from the previous period[41]. - Cash and cash equivalents amounted to approximately RMB 595.7 million, a decrease of RMB 100.2 million from RMB 695.9 million as of August 31, 2024[43]. - Non-current assets increased to RMB 1,442,873,000 as of February 28, 2025, up from RMB 1,277,371,000 on August 31, 2024, representing a growth of 12.9%[79]. - Current assets decreased to RMB 622,520,000 from RMB 777,549,000, a decline of 20%[79]. - Total liabilities decreased from RMB 239,173,000 to RMB 196,172,000, a reduction of 18%[79]. Operational Developments - The college offers a total of 50 undergraduate programs, with three new programs added: Arts Education, Film Production, and Sports Economics and Management[7]. - The group plans to expand its operations through acquisitions and the construction of new facilities to increase student capacity and improve teaching and living environments[14]. - The group aims to enhance its curriculum offerings and continue providing practical training opportunities for students[14]. - The company plans to establish a degree-granting higher education institution in California, USA, to expand its overseas presence, focusing on business administration and marketing degrees[17]. - The application to operate a degree-granting institution in California was rejected on January 30, 2024, but the company is actively seeking new agents to resolve the issue, believing it will not significantly impact operations[18]. Employee and Administrative Costs - The group employs 753 full-time teachers and 511 part-time teachers as of February 28, 2025[7]. - Employee costs for the six months ended February 28, 2025, totaled approximately RMB 66.6 million, an increase of about RMB 2.7 million or 4.2% compared to the previous period[57]. - Administrative expenses increased to approximately RMB 29.7 million, an increase of RMB 5.6 million, primarily due to higher maintenance costs and increased office expenses[34]. - Employee benefits expenses increased to RMB 52,100,000 from RMB 46,108,000, reflecting an increase of 12.87%[94]. Cash Flow and Investments - Net cash flow from operating activities was RMB 33,546,000 for the six months ended February 28, 2025, down from RMB 69,357,000 in the same period last year, a decrease of 51.6%[83]. - The company recorded a net cash outflow from investing activities of RMB 116,673,000, compared to RMB 108,151,000 in the previous year, an increase of 7%[85]. - The group acquired assets at a cost of RMB 209,806,000 for the six months ended February 28, 2025, compared to RMB 89,869,000 for the same period in 2024[103]. - The group disposed of assets with a net book value of RMB 2,323, resulting in a loss of RMB 2,323 for the six months ended February 28, 2025, compared to a loss of RMB 17,573 in 2024[103]. Governance and Compliance - The company has adopted the corporate governance code as per the listing rules and has complied with its provisions during the reporting period[67]. - The company has confirmed compliance with the standard code for securities transactions by directors throughout the reporting period[68]. - The company has achieved all conditions set forth in the resumption guidance and will resume trading on October 15, 2024[69]. - There have been no significant events occurring after February 28, 2025, up to the date of this interim report[70]. Market Position - The college's market share in the private higher education sector in Shanxi Province is 15.7%, ranking second among all private higher education institutions[13]. - The company holds a 15.7% market share in the private higher education sector in Shanxi Province for the 2023/2024 academic year, ranking second among private institutions based on full-time student enrollment[25].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 China General Education Group Limited 中國通才教育集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2175） 截至2025年2月28日止六個月 之中期業績公告 中國通才教育集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其 附屬公司（「本集團」）截至2025年2月28日止六個月（「期內」）之未經審計綜合中期業績如下： 截至以下日期止六個月 | | | 2025年 | 2024年 | | --- | --- | --- | --- | | | | 2月28日 | 2月29日 | | | | （未經審計） | （未經審計） | | | 附註 | 人民幣千元 | 人民幣千元 | | 期內溢利 | | 51,767 | 67,626 | | 其他全面虧損 | | | | | 其後期間可能重新分類至損益的其他全面虧損： | | | | | ...

Financial Performance - The group's gross profit for the year was approximately RMB 157.5 million, a decrease of about RMB 17.4 million or approximately 9.9% compared to RMB 174.9 million in 2023[1]. - The gross profit margin for the year was approximately 47.6%, a decrease of about 6.5% from the previous year, primarily due to an increase in sales costs exceeding revenue growth[1]. - The group recorded a profit of approximately RMB 108.4 million for the year, a decrease of about RMB 28.9 million or approximately 21.0% compared to RMB 137.3 million in 2023[86]. - The net profit margin decreased to 32.7% from 42.5% in the prior year[99]. - The return on assets (ROA) was 5.3%, down from 7.0% in the previous year[99]. - The return on equity (ROE) decreased to 6.0% from 8.0% in the prior year[100]. - The group's revenue for the fiscal year was approximately RMB 331.1 million, an increase of about RMB 7.9 million compared to the previous fiscal year, reflecting a growth of approximately 2.4%[104]. - Tuition revenue for the year was approximately RMB 302.4 million, up about RMB 7.1 million or approximately 2.4% from RMB 295.3 million in 2023, attributed to an increase in student enrollment[152]. - Accommodation revenue increased to approximately RMB 28.8 million, a rise of about RMB 0.9 million or approximately 3.2% from RMB 27.9 million in 2023, also due to expanded enrollment[152]. - Other income and gains for the year are approximately RMB 19.4 million, a decrease from RMB 28.1 million in the previous year, primarily due to reduced bank interest income and government rewards[142]. Enrollment and Student Statistics - The total number of full-time students for the 2023/2024 academic year is 19,416, an increase of 2.3% from 18,978 in the 2022/2023 academic year[67]. - The number of new students enrolled in the 2023/2024 academic year is 5,639, representing a 3.7% increase from 5,440 in the previous year[67]. - The enrollment quota for the 2023/2024 academic year is 5,852, which is a 3.3% increase from 5,667 in the previous year[77]. - The student-to-area ratio for the 2023/2024 academic year is 31.99 square meters per student, which is below the required minimum of 54 square meters[59]. - The total number of enrolled students increased from approximately 8,000 in the 2011/2012 academic year to 19,416 in the 2023/2024 academic year, representing a growth of 142.7%[115]. - The initial employment placement rate for graduates in the 2023/2024 academic year was 96.54%[104]. Operational and Strategic Developments - The group plans to fund its capital expenditures and working capital needs through cash flows generated from operations, net proceeds from issuing new shares, bank borrowings, and other funds raised from the capital markets as needed[5]. - The group has commenced construction on the new campus in Beige, which includes multiple buildings such as training facilities, apartments, and teaching buildings for the arts academy[14]. - The group plans to further optimize its professional course offerings and teaching methods while expanding industry-academia cooperation to enhance student employment opportunities[105]. - The group aims to establish itself as a high-level applied undergraduate institution, focusing on practical skills relevant to the job market[108]. - The group is focused on enhancing faculty investment, upgrading laboratories, and building smart campuses to improve educational quality[103]. - The group plans to expand its business and school network by constructing new facilities to increase student capacity and improve teaching and living environments[122]. - The group is actively seeking new agents to resolve issues related to its application for establishing a degree-granting higher education institution in California, which was recently rejected[136]. Compliance and Regulatory Environment - The group has complied with all relevant Chinese laws and regulations in significant aspects as of August 31, 2024[44]. - The company has implemented internal control measures to ensure compliance with relevant Chinese laws and regulations[60]. - The company has not been informed of any actual or anticipated actions, claims, or investigations by government agencies or third parties regarding non-compliance issues[57]. - The group is subject to regulatory risks regarding land allocation plans, which are beyond its control[50]. - The group has a low risk of penalties from the Shanxi Provincial Education Department for not complying with the required land area to student ratio[50]. - There is uncertainty regarding the impact of government regulations on the operation of for-profit schools, particularly in Shanxi Province[82]. Human Resources and Employee Costs - The group had a total of 1,712 employees as of this year, an increase of 49 employees from 1,663 in 2023[29]. - The total salary cost for the year was approximately RMB 121.3 million, an increase of about RMB 16.1 million compared to RMB 105.2 million in 2023[29]. - Administrative expenses for the year were approximately RMB 67.4 million, an increase of about RMB 5.9 million from RMB 61.5 million in 2023, primarily due to rising personnel costs and consulting fees[155]. - The group employed 765 full-time teachers and 519 part-time teachers as of August 31, 2024[115]. Assets and Financial Position - The total assets of the group as of August 31, 2024, were RMB 2,055.9 million, with current assets at RMB 777.5 million and non-current assets at RMB 1,277.4 million[112]. - The total equity of the group increased to RMB 1,815.7 million from RMB 1,707.9 million in the previous year, reflecting a growth of approximately 6.3%[112]. - The group's cash and cash equivalents as of August 31, 2024, were RMB 645.8 million, down from RMB 788.3 million in 2023[8]. - The group's current assets net amount was approximately RMB 555.5 million, a decrease of RMB 86.5 million from RMB 642.0 million in 2023[159]. - The capital debt ratio as of August 31, 2024, was 1.0%, slightly down from 1.1% in 2023[162]. - The group's property, plant, and equipment increased to approximately RMB 1,026.7 million, up RMB 164.4 million from RMB 862.3 million in 2023, due to the acquisition of teaching equipment and ongoing construction of the new campus[160]. - Capital expenditures for the year amounted to RMB 272.1 million, an increase from RMB 165.4 million in 2023, primarily related to the construction of the new campus and educational equipment[175]. Safety and Risk Management - The group has not experienced any major safety incidents related to school buildings and facilities, indicating a good safety status[49]. - The company has engaged two third-party engineering firms for fire safety maintenance and renovation to ensure compliance with fire safety standards[63]. - The company has established health and safety measures to protect students from physical harm and health risks[58]. - The group has several deficiencies in construction and building rights at both Longcheng and Beige campuses, including lack of real estate certificates and necessary approvals[48].

Financial Performance - Revenue for the year ended August 31, 2024, was RMB 331,138,000, an increase from RMB 323,205,000 in 2023, representing a growth of approximately 2.86%[2] - Gross profit decreased to RMB 157,528,000 from RMB 174,901,000, reflecting a decline of about 9.95%[2] - The company's profit before tax for the year was RMB 108,416,000, down from RMB 137,256,000 in the previous year, indicating a decrease of approximately 21.03%[2] - Basic and diluted earnings per share for the year were RMB 0.23, compared to RMB 0.29 in 2023, a decline of about 20.69%[2] - The group’s total other income and gains decreased to RMB 19,392 thousand from RMB 28,083 thousand, a decline of 30.9%[21] - The net profit for the year was approximately RMB 108.4 million, a decrease of about RMB 28.9 million or approximately 21.0% compared to RMB 137.3 million in 2023[106] Assets and Liabilities - Total assets as of August 31, 2024, amounted to RMB 1,832,832,000, an increase from RMB 1,726,400,000 in 2023, representing a growth of approximately 6.15%[7] - Non-current assets increased to RMB 1,277,371,000 from RMB 1,084,395,000, reflecting a rise of about 17.83%[7] - Current liabilities decreased to RMB 222,088,000 from RMB 234,271,000, a reduction of approximately 5.20%[7] - As of August 31, 2024, the company's current assets were approximately RMB 555.5 million, a decrease of about RMB 86.5 million from RMB 642.0 million in 2023, mainly due to a reduction in cash and cash equivalents[107] - The company's cash and cash equivalents as of August 31, 2024, were approximately RMB 695.9 million, a decrease of RMB 117.9 million from RMB 813.8 million in 2023, primarily due to payments for construction costs[111] Student Enrollment and Education Services - The total number of full-time students at the institution for the 2023/2024 academic year is 19,416, representing a 2.3% increase from 18,978 in the 2022/2023 academic year[67] - The number of new students enrolled in the 2023/2024 academic year is 5,639, which is a 3.7% increase from 5,440 in the previous year[68] - The institution's market share in the private higher education sector in Shanxi Province is approximately 15.7% for the 2023/2024 academic year, ranking second among all private higher education institutions in the province[76] - The institution plans to expand its operations through the construction of new facilities, acquisitions, and the enhancement of its curriculum offerings[78] - The institution aims to improve its teaching and living environment to accommodate more students and enhance educational quality[78] Regulatory and Governance - The company is considering registering as a for-profit private school, which would allow it to retain operational profits and set tuition fees based on market conditions[87] - Non-profit private schools in Shanxi are restricted from generating operational profits, with all surpluses required to be reinvested into the school[82] - The regulatory framework allows for-profit schools to independently determine their fee structures, while non-profit schools must adhere to government pricing regulations[85] - The company’s board of directors has undergone changes, with new appointments made to key positions as of June 20, 2024[91] - The company has adopted the corporate governance code as its own corporate governance guidelines and has complied with these guidelines as of August 31, 2024[139] Financial Management and Investments - The total employee compensation cost for the year was approximately RMB 121.3 million, an increase of RMB 16.1 million from RMB 105.2 million in 2023[122] - The company has not made any significant investments during the year[126] - The company plans to utilize the unutilized net proceeds for the construction of the new campus, expected to be fully utilized by August 2025[133] - The company has achieved compliance with all conditions set forth in the resumption guidance, allowing shares to resume trading on October 15, 2024[148] Audit and Reporting - The independent auditor's report indicates a qualified opinion regarding the financial statements for the year ended August 31, 2024, due to limitations in evidence related to prior year balances[53] - The auditor's report highlights the inability to obtain sufficient evidence regarding the validity and classification of consultant fee payments totaling RMB 4,702,000[60] - Adjustments to prior year balances may significantly impact the comparability of financial statements for the year ended August 31, 2024[61] - The independent auditor has agreed that the figures in the preliminary announcement are consistent with the consolidated financial statements for the year ending August 31, 2024[151]

Enrollment and Student Statistics - The total number of full-time students at the college reached 18,070 for the 2021/2022 academic year, an increase of 4.9% compared to 17,233 in the 2020/2021 academic year[14] - The number of new students enrolled in the 2021/2022 academic year was 5,267, representing an increase of 8.8% from 4,841 in the previous year[14] - The college's enrollment capacity increased by 10.0% to 5,500 for the 2021/2022 academic year, up from 5,000 in the 2020/2021 academic year[15] - The number of undergraduate students for the 2021/2022 academic year was 18,070, up from 17,233 in the 2020/2021 academic year[18] - The enrollment plan for the 2021/2022 academic year was set at 5,500, with an actual enrollment of 5,267 students, an increase of 500 from the previous year[20] Academic Programs and Faculty - The college has expanded its program offerings from 36 to a total of 44 programs and directions, including five new programs such as Nursing and Cross-Border E-Commerce[9] - The college employs 573 full-time teachers and 507 part-time teachers as of February 28, 2022[8] - The college has established 13 secondary colleges and 2 teaching departments, providing bachelor's degree programs[9] Financial Performance - The company's revenue for the reporting period was approximately RMB 170.5 million, an increase of about RMB 9.9 million or 6.2% compared to RMB 160.6 million for the same period last year[38] - Tuition revenue was RMB 155.7 million, up approximately RMB 9.0 million or about 6.1%, attributed to an increase in student enrollment[38] - The cost of sales increased to approximately RMB 82.8 million, a rise of about RMB 23.8 million or approximately 40.3% compared to RMB 59.0 million in the previous period[39] - Gross profit was approximately RMB 87.7 million, a decrease of about RMB 13.9 million or approximately 13.7%, with a gross margin of about 51.4%, down approximately 11.8 percentage points from the previous period[40] - The group recorded a profit of approximately RMB 64.9 million, a decrease of about RMB 21.7 million or 25.1% compared to RMB 86.6 million for the six months ended February 28, 2021[45] Market Position and Expansion Plans - The college's market share in Shanxi Province for private higher education institutions was approximately 15.6% for the 2020/2021 academic year[8] - The company plans to expand its business and school network by constructing new facilities and improving teaching and living environments[24] - The establishment of a degree-granting higher education institution in California is planned to expand the company's overseas presence[24] - The company is positioned to benefit from the growing demand for private higher education in Shanxi Province due to increasing disposable income and market pricing regulations[23] Regulatory Environment and Future Outlook - Recent regulatory developments allow private schools to choose between for-profit and non-profit status, impacting tuition fee structures and operational revenues[26] - The company plans to register as a for-profit private school, which may allow for greater operational flexibility and potential government support[31] - The company has not yet formally applied for registration as a for-profit institution, and the regulatory environment remains uncertain[31] - The company anticipates that local government considerations will favor its registration as a for-profit institution when specific regulations are established[35] Cash Flow and Assets - Cash and cash equivalents as of February 28, 2022, were approximately RMB 879.9 million, an increase of about 48.0% from RMB 594.7 million as of August 31, 2021[49] - The net current assets were approximately RMB 788.2 million, an increase of about RMB 9.3 million from RMB 778.9 million as of August 31, 2021[46] - The fair value of financial assets measured at fair value through profit or loss decreased to approximately RMB 91.6 million as of February 28, 2022, down by about RMB 381.6 million from RMB 473.2 million as of August 31, 2021[57] Employee and Management Costs - Employee costs totaled approximately RMB 48.7 million for the six months ending February 28, 2022, an increase of about RMB 11.4 million or 30.6% compared to the previous year[66] - The total remuneration for key management personnel for the six months ended February 28, 2022, was RMB 2,390,000, an increase of 172.4% from RMB 876,000 in the same period of 2021[158] Shareholder Information - As of February 28, 2022, the company’s major shareholders include Mr. Niu Sanping with a 52.67% stake and Mr. Niu Jian with a 21.51% stake[73][74] - The weighted average number of ordinary shares issued during the period was 505,403,168 shares, an increase from 375,000,000 shares in the previous period[137] Dividends and Capital Commitments - The board did not recommend any interim dividend for the six months ended February 28, 2022, consistent with the previous period[62] - The company's capital commitments as of February 28, 2022, amounted to RMB 165,196,000, a decrease of 20.2% from RMB 206,869,000 as of August 31, 2021[149]

China General Education Group Limited 中 国 通 才 教 育 集 团 有 限 公 司 ( 於開曼群島註冊成立的有限公司 ) 股份代號 : 2175 ( 成 度報告 目錄 | --- | --- | |--------------------------|-------| | | | | 公司資料 | 2 | | 財務摘要及概要 | 3 | | 主席報告 | 4 | | 管理層討論及分析 | 7 | | 董事及高級管理層 | 22 | | 董事會報告 | 26 | | 企業管治報告 | 45 | | 獨立核數師報告 | 55 | | 綜合損益及其他全面收益表 | 60 | | 綜合財務狀況表 | 61 | | 綜合權益變動表 | 62 | | 綜合現金流量表 | 64 | | 財務報表附註 | 66 | | --- | --- | |----------------------------------------|----------------------------------------------------------------| | | | | | | | | ...