股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | | | 致：香港交易及結算所有限公司 公司名稱: 卓越教育集團 呈交日期: 2025年10月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03978 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 3,000,000,000 | USD | | 0.00005 USD | | 150,000 | | 增加 / 減少 (-) | | | | | | USD | | | | 本月底結存 | | | 3,000,000,000 | USD | | 0.00005 USD | | 150,000 | 本月底法定/註冊股本總額： USD 150,000 第 1 頁 共 10 頁 v 1.1.1 FF3 ...

Group 1 - The online education sector in Hong Kong has seen a general increase, with stocks like NetDragon rising over 12% to reach a new high, New Oriental up over 5%, and Thinking乐 Education increasing by 2% [1] - Recent positive developments in online education are attributed to policy support, technological empowerment, and industry regulation, including the significant impact of the "14th Five-Year Plan" for educational digitalization [1] - The "County High School Revitalization Action Plan" is promoting the allocation of digital resources to county-level schools, providing a long-term and stable growth outlook for the industry [1] Group 2 - Daiwa has raised the target price for New Oriental to HKD 49, anticipating increased shareholder returns and noting improvements in K-9 student retention rates for the autumn term [1] - NetDragon is recognized for its stable cash-generating business and its active use of AI technology to empower its second growth curve in education, with current market focus on its AI effectiveness and overseas expansion [1] - Thinking乐 Education received a boost this month with Fidelity International and its affiliates increasing their holdings by 950,000 shares, valued at approximately HKD 2.146 million [1]

2025 Interim Report 卓越教育集团 China Beststudy Education Group Contents 目 錄 | Corporate Information | 公司資料 | 2 | | --- | --- | --- | | Company Profile | 公司簡介 | 5 | | Financial Highlights | 財務摘要 | 7 | | Management Discussion and Analysis | 管理層討論及分析 | 8 | | Corporate Governance and Other Information | 企業管治及其他資料 | 29 | | Interim Condensed Consolidated Statement of | 中期簡明綜合損益及 | 46 | | Profit or Loss and Other Comprehensive Income | 其他全面收益表 | | | Interim Condensed Consolidated Statement of | 中期簡明綜合財務狀況表 | 48 | | Fi ...

Core Insights -卓越教育集团's stock rose over 4%, reaching 5.25 HKD with a trading volume of 14.58 million HKD, following the release of its H1 2025 performance report [1] Group 1: Financial Performance - In H1 2025,卓越教育集团 achieved revenue of 920 million CNY, a year-on-year increase of 188.9% [1] - The net profit attributable to shareholders for H1 2025 was 150 million CNY, reflecting a year-on-year growth of 177.4% [1] Group 2: Growth Drivers - The significant revenue growth was driven by improvements in the quality of comprehensive literacy business products and services, leading to increased enrollment and renewal rates [1] - Successful market expansion in Guangzhou, Shenzhen, and Foshan, leveraging localized courses and brand influence, contributed to overall revenue growth [1] - The application of AI technology in teaching and marketing processes optimized operations, while talent strategies ensured a stable supply of teaching staff, further supporting business expansion [1] Group 3: Cost Management - The gross profit margin for H1 2025 was 45.0%, remaining stable year-on-year [2] - Sales expenses accounted for 6.8% of revenue, a decrease of 0.3 percentage points, while administrative expenses represented 12.5% of revenue, down 0.4 percentage points, indicating effective cost control [2] - Other operating expenses increased to 5.9% of revenue, up 1.4 percentage points, attributed to increased investments under the "ALLINAI" strategy [2] - The net profit margin slightly declined by 0.7 percentage points to 16.5%, but remains within a controllable range, reflecting the company's strong cost management capabilities during its rapid expansion phase [2]

Group 1 - The core viewpoint of the news is that 卓越教育集团 (Excellence Education Group) has shown significant growth in its financial performance for the first half of 2025, with a revenue increase of 188.9% year-on-year and a net profit increase of 177.4% [1][2] - The company achieved a revenue of 9.2 billion yuan and a net profit of 1.5 billion yuan in 2025H1, indicating more than double growth compared to the previous year [1] - Key factors driving this growth include improvements in the quality of comprehensive literacy business products and services, successful market expansion in Guangzhou, Shenzhen, and Foshan, and the application of AI technology in various operational processes [1] Group 2 - The gross profit margin for 2025H1 was reported at 45.0%, remaining stable year-on-year [2] - The sales expense ratio was 6.8%, a decrease of 0.3 percentage points, while administrative expenses accounted for 12.5% of revenue, down 0.4 percentage points, indicating effective cost control [2] - Despite a slight decline in net profit margin by 0.7 percentage points to 16.5%, the company maintains a manageable level of profitability during its rapid expansion phase, reflecting strong cost management capabilities [2]

格隆汇9月3日丨卓越教育集团(03978.HK)公布，于2025年9月3日，受限制股份单位计划受托人依据受限 制股份单位计划于公开市场上购买合共13万股份。 ...

Group 1 - The company, Excellence Education Group (03978), announced that on September 3, 2025, the trustee of the restricted share unit plan will purchase a total of 130,000 shares in the open market [1]

智通财经APP讯，卓越教育集团(03978)发布公告，于2025年9月3日，受限制股份单位计划受托人依据受 限制股份单位计划于公开市场上购买合共13万股份。 ...

（ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：3978） 自願性公告 根據受限制股份單位計劃購買股份 本公告乃由卓越教育集團*（「本公司」）自 願 作 出。 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 對 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 Beststudy Education Group 卓 越 教 育 集 團 * 本公司董 事 會（「董事會」）認 為，本 公 司 當 前 的 股 價 低 估 了 本 公 司 的 業 務 表 現及潛在價值，是購買股份以解決基於受限制股份單位計劃將授 出 股 份 來源的良機。本公司對自身業務前景及展望充滿信心，亦可作 為一項吸 引 人才並推動使關鍵僱員的利益與本公司利益達成一致，為 全體股東創 造 價值的策略。本公司目前的財務狀況足以支持股份購買 同時維持本公 司 業務的可持續發展 ...

FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03978 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 847,221,000 | | 0 | | 847,221,000 | | 增加 / 減少 (-) | | | | | | | | | | 本月底結存 | | | | 847,221,000 | | 0 | | 847,221,000 | 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年8月31日 | 狀態: | 新提交 | | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | 公司名稱: | 卓越教育集團 | | ...