Financial Performance - Total revenue decreased by 12.5% to RMB 69.7 million for the six months ended February 28, 2025, compared to RMB 79.7 million in the same period of 2024[11]. - Profit for the period increased by 9.4% to RMB 51.6 million, up from RMB 47.2 million year-on-year[11]. - Core net profit rose significantly by 78.1% to RMB 29.6 million, compared to RMB 16.6 million in the previous year[11]. - Basic earnings per share increased by 9.7% to RMB 2.38 from RMB 2.17[11]. - Gross profit decreased by 15.5% to RMB 37.1 million, with a gross margin decline from 55.1% to 53.2%[24]. - Revenue from school-related supply chain business dropped significantly by RMB 18.8 million or 35.5% to RMB 34.1 million, accounting for 48.9% of total revenue[20]. - Comprehensive education services revenue increased by RMB 8.8 million or 32.9% to RMB 35.6 million, representing 51.1% of total revenue[21]. - Other income for the six months ended February 28, 2025, was RMB 13,141,000, a decrease of 16.8% compared to RMB 15,788,000 in 2024[84]. - The profit for the six months ended February 28, 2025, was RMB 51,599,000, compared to RMB 47,174,000 for the same period in 2024, representing an increase of approximately 5.7%[92]. Cash Flow and Assets - Cash inflow from operating activities for the six months ended February 28, 2025, was RMB 17.1 million[37]. - Total cash and cash equivalents decreased by RMB 21.1 million, with total restricted bank deposits and cash amounting to RMB 323.1 million as of February 28, 2025[38]. - The company reported a weighted average interest rate of 1.5% on restricted cash deposits as of February 28, 2025, down from 2.13% in the previous period[100]. - Current assets totaled RMB 928,693,000, slightly up from RMB 921,718,000, reflecting a growth of 0.8%[71]. - Trade receivables as of February 28, 2025, were RMB 27,703,000, up from RMB 15,876,000 as of August 31, 2024, indicating an increase of about 74.5%[95]. - The total amount of trade receivables, deposits, prepayments, and other receivables was RMB 808,963,000 as of February 28, 2025, compared to RMB 810,348,000 as of August 31, 2024[95]. Debt and Liabilities - Bank balances and cash decreased by 7.2% to RMB 323.1 million, down from RMB 348.3 million[13]. - Borrowings decreased by 9.3% to RMB 230.7 million, compared to RMB 254.3 million[13]. - The capital-to-debt ratio improved to 37.0% from 46.1%[13]. - As of February 28, 2025, the company's debt-to-equity ratio decreased to 37.0% from 46.1% on August 31, 2024, due to a reduction in bank borrowings and an increase in total equity[40]. - Total liabilities as of February 28, 2025, amounted to RMB 175,290,000, a decrease from RMB 195,059,000 as of August 31, 2024, indicating a reduction of approximately 10.1%[106]. Corporate Governance and Management - The company has adopted a high standard of corporate governance to protect shareholder interests and enhance corporate value[65]. - The Audit Committee has reviewed the unaudited condensed consolidated financial statements for the six months ending February 28, 2025[66]. - The company has maintained the required public float as per the listing rules as of February 28, 2025[67]. - The company does not plan to declare an interim dividend for the six months ended February 28, 2025[53]. Future Plans and Strategies - The company aims to enhance its comprehensive education services and explore the possibility of separating its high school division into an independent entity[17]. - The management is focused on integrating resources to create an education service platform, including comprehensive education management services and sales of educational materials[17]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[75]. Shareholder Information - As of February 28, 2025, Mr. Liu holds a total of 930,000,000 shares, representing 42.70% of the company's equity[55]. - Ms. Li owns 570,000,000 shares, accounting for 26.17% of the company's equity[59]. - The total number of shares available for issuance under the Pre-IPO Share Option Scheme is 209,815,400, which is approximately 9.63% of the company's issued share capital[61]. - The total number of shares available for issuance under the Share Option Scheme is 214,815,400, representing about 9.86% of the company's issued share capital[62]. - The number of shares held by the trustee as of February 28, 2025, was 10,195,000, unchanged from August 31, 2024, with 1,375,000 shares vested but not yet transferred to the selected participants[114]. Employee Compensation - The company's total employee compensation for the six months ended February 28, 2025, was approximately RMB 9.2 million, a decrease from RMB 9.7 million for the same period in 2024[48]. - Total employee costs for the six months ended February 28, 2025, amounted to RMB 9,228,000, a decrease from RMB 9,706,000 in 2024, reflecting a reduction of about 4.9%[89]. - The total compensation for key management personnel was RMB 3,354,000 for the six months ended February 28, 2025, compared to RMB 3,480,000 for the same period in 2024, reflecting a decrease of about 3.6%[120].

Financial Performance - Revenue for the six months ended February 28, 2025, was RMB 79,663,000, an increase of 12.5% compared to RMB 69,687,000 for the same period in 2024[3] - Core net profit for the same period was RMB 16,598,000, representing a significant increase of 78.1% from RMB 9,305,000 in the previous year[3] - Basic earnings per share decreased to RMB 2.17 from RMB 2.38, reflecting a 9.7% decline[3] - Total profit for the period was RMB 51,599,000, up from RMB 47,174,000, marking an increase of 9.4%[4] - The company reported a gross profit of RMB 43,913,000, which is a rise from RMB 37,101,000, indicating a growth of 18.4%[6] - For the six months ended February 28, 2025, the revenue from school-related supply chain business was RMB 52,872,000, an increase from RMB 34,078,000 in the same period of 2024, representing a growth of 55%[15] - The total revenue for the group for the six months ended February 28, 2025, was RMB 79,663,000, compared to RMB 69,687,000 for the same period in 2024, indicating an increase of approximately 14%[15] - The group recognized RMB 48,994,000 in revenue from school-related supply chain business at a point in time for the six months ended February 28, 2025, up from RMB 33,912,000 in 2024, reflecting a growth of 44%[16] - The group reported a net foreign exchange loss of RMB (3,082,000) for the six months ended February 28, 2025, compared to a gain of RMB 1,889,000 in the same period of 2024[18] - The group received government subsidies amounting to RMB 3,093,000 for the six months ended February 28, 2025, compared to RMB 854,000 in the same period of 2024, showing a significant increase[17] - The income tax expense for the six months ended February 28, 2025, was RMB 6,044,000, a decrease from RMB 10,216,000 in the same period of 2024, representing a reduction of approximately 41%[18] - The group’s reserve fund increased to RMB 634,240,000 as of February 28, 2025, compared to RMB 582,166,000 as of August 31, 2024, indicating a growth of 9%[8] - The group’s total non-current liabilities were RMB 658,027,000 as of February 28, 2025, compared to RMB 605,990,000 as of August 31, 2024, reflecting an increase of approximately 9%[8] - The group did not declare a final dividend for the year ended August 31, 2024, maintaining the dividend at RMB 0.05 per share for the previous year[19] Expenses and Liabilities - Administrative expenses increased to RMB 16,006,000 from RMB 12,910,000, showing a rise of 24.3%[6] - Total bank borrowings amounted to RMB 230.7 million as of February 28, 2025, with interest rates ranging from 3.9% to 4.0%[47] - As of February 28, 2025, the company's capital debt ratio decreased to 37.0% from 46.1% on August 31, 2024, due to a reduction in total bank borrowings and an increase in total equity[49] - The total amount of restricted bank deposits, time deposits, and cash equivalents as of February 28, 2025, was RMB 323.1 million, with no outstanding net borrowings[49] - The total amount of financial guarantees provided to affected entities decreased from RMB 3,934.9 million on August 31, 2024, to RMB 3,741.0 million as of February 28, 2025[52] Cash Flow and Investments - Cash inflow from operating activities was RMB 17.1 million for the six months ended February 28, 2025[46] - Capital expenditures amounted to approximately RMB 7.7 million for the six months ended February 28, 2025[45] Corporate Governance and Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[5] - The company plans to explore the possibility of separating the high school division into an independent entity to regain control[30] - The company aims to integrate resources to build an education service platform, including comprehensive education management services and sales of educational materials[30] - The company has adopted a share incentive plan to reward and motivate key management personnel and employees[62] - The company continues to monitor foreign exchange rate risks and will consider hedging significant foreign exchange risks as necessary[50] - The company has adopted high standards of corporate governance to protect shareholder interests and enhance corporate value[66] Shareholder Information - The company completed a placement of 130,000,000 new shares at HKD 4.24 per share, raising approximately HKD 545.7 million (approximately RMB 487.7 million) for school construction and general corporate purposes[58] - The company does not plan to declare an interim dividend for the six months ended February 28, 2025[61] - The company purchased a total of 11,704,000 shares as of February 28, 2025, which remains unchanged since August 31, 2024[63] - The company did not buy, sell, or redeem any of its listed securities during the six months ending February 28, 2025[64] - The board confirmed compliance with the standard code of conduct for securities trading as of February 28, 2025[65] - The company maintained the required public float as per listing rules as of February 28, 2025[69] Audit and Compliance - The audit committee reviewed the unaudited condensed consolidated financial statements for the six months ending February 28, 2025[68] - The interim results announcement will be published on the Hong Kong Stock Exchange and the company's website[70]

Financial Performance - Total revenue for the fiscal year ending August 31, 2024, was RMB 180,989,000, a decrease from RMB 319,269,000 in the previous year[17]. - Gross profit for the same period was RMB 72,300,000, down from RMB 170,145,000, indicating a significant decline in profitability[17]. - The company reported a net profit of RMB 96,433,000 for the fiscal year, compared to RMB 163,120,000 in the previous year, reflecting a decrease of approximately 41%[17]. - For the fiscal year 2024, the total revenue decreased by 43.3% to RMB 181.0 million compared to RMB 319.3 million in fiscal year 2023[34]. - Net profit for fiscal year 2024 was RMB 96.4 million, down 40.9% from RMB 163.1 million in fiscal year 2023[34]. - Core net profit decreased by 66.8% to RMB 40.7 million in fiscal year 2024[34]. - Revenue from school-related supply chain business was RMB 122.7 million, a decline of 36.6% from RMB 193.6 million in fiscal year 2023[39]. - Revenue from comprehensive education services decreased by RMB 67.4 million or 53.7% to RMB 58.2 million in fiscal year 2024[39]. - Gross profit fell from RMB 170.1 million in FY2023 to RMB 72.3 million in FY2024, a decline of 57.5%, with gross margin dropping from 53.3% to 39.9%[41]. - Profit before tax for FY2024 was RMB 110.8 million, down from RMB 189.0 million in FY2023[51]. Assets and Liabilities - Non-current assets as of August 31, 2024, totaled RMB 354,609,000, a decrease from RMB 595,220,000 in the previous year[18]. - Current assets were reported at RMB 921,718,000, down from RMB 1,079,920,000 in the previous year, indicating a reduction in liquidity[18]. - Current liabilities decreased to RMB 670,337,000 from RMB 778,390,000, showing improved short-term financial health[18]. - The company's total assets minus current liabilities stood at RMB 605,990,000, a decrease from RMB 867,934,000 in the previous year[18]. - The equity attributable to owners of the company was RMB 601,429,000, compared to RMB 612,209,000 in the previous year, indicating a slight decline[18]. - Cash and cash equivalents decreased by RMB 195.1 million in FY2024, with total cash and cash equivalents at RMB 348.3 million as of August 31, 2024[62]. - The debt-to-equity ratio improved to 46.1% in FY2024 from 47.7% in FY2023, primarily due to reduced bank borrowings and increased net profit[66]. Business Strategy and Operations - The company has shifted its focus to providing comprehensive education services and school-related supply chain businesses since ceasing its private education operations in China[12]. - Future strategies include enhancing educational services and expanding market presence in China, following regulatory changes in the education sector[12]. - The company plans to establish a new high school in Zhongshan with a maximum capacity of 5,000 students[30]. - The company is transitioning its sales model from retail to wholesale to enhance its supply chain network[28]. - The company is exploring the feasibility of spinning off its high school division as an independent entity[30]. - The group aims to expand its product supply through a wholly-owned subsidiary registered in Qingyuan, China, focusing on school-related supply chain business[73]. - The group plans to optimize its operational structure, including the spin-off of high schools with independent operating licenses from affected entities[73]. - The company is focused on expanding its integrated education services and supply chain business in China[118]. Employee and Governance - The total employee compensation for the fiscal year 2024 was approximately RMB 19.5 million, an increase from RMB 15.2 million in fiscal year 2023[82]. - The company has approximately 139 employees as of August 31, 2024[193]. - The company has adopted the corporate governance code as per the listing rules and confirmed compliance by all directors for the fiscal year 2024[91]. - The audit committee has reviewed the audited consolidated financial statements for the fiscal year 2024 and discussed accounting policies with independent auditors[92]. - The company maintains the required public float as per listing rules for the fiscal year 2024[93]. - The company has a strong management team with extensive experience in the education sector, including over 16 years for COO Mr. Li[103]. - The company is committed to high standards of corporate governance to protect shareholder interests and enhance corporate value[91]. - The company has established a share reward plan to incentivize contributions from directors and employees[195]. Compliance and Risk Management - The company faces significant risks, including reliance on a limited number of clients in China, which could impact revenue stability[120]. - The company emphasizes the importance of maintaining good relationships with employees, suppliers, and customers to achieve corporate goals[127]. - The company has not reported any significant non-compliance issues that would materially affect its business operations for the fiscal year 2024[125]. - The group has complied with the relevant listing rules throughout fiscal year 2024, as confirmed by independent non-executive directors[175]. - The group has maintained compliance with the disclosure requirements under the relevant listing rules throughout fiscal year 2024[180]. Contracts and Agreements - The company has established a contract arrangement with Guangdong Guangzheng and Zhongshan Wenrui Education Investment Co., Ltd. to gain control over Zhongshan Wenrui, which plans to establish a new high school in Zhongshan[150]. - The contract arrangement includes exclusive management consulting and business cooperation agreements, allowing the company to receive the majority of the economic benefits generated by Zhongshan Wenrui[152]. - The company does not hold any equity in Zhongshan Wenrui but effectively controls it through the contract arrangement, ensuring access to substantial economic returns[153]. - The exclusive purchase rights agreement allows the company to acquire shares of Zhongshan Wenrui at the lowest price permitted by Chinese laws and regulations[152]. - The company has established a loan agreement allowing it to provide interest-free loans to Zhongshan Wenrui as per Chinese laws and regulations[152]. - The company will continue to disclose details of the Zhongshan contract arrangement in its annual reports, ensuring transparency and compliance with relevant regulations[165]. - The company’s independent non-executive directors will review the Zhongshan contract arrangement annually to ensure fairness and alignment with shareholder interests[165]. Financial Guarantees and Transactions - The group provided financial guarantees amounting to RMB 174.1 million as of August 31, 2024, down from RMB 229.9 million as of August 31, 2023[176]. - The top five customers accounted for 18.4% of the group's revenue in the fiscal year 2024, a decrease from 30.2% in fiscal year 2023, with the largest customer contributing approximately 12.9%[182]. - The top five suppliers represented 29.2% of the group's cost of revenue in fiscal year 2024, compared to 26.6% in fiscal year 2023, with the largest supplier accounting for about 14.1%[182]. - The group confirmed no new financial guarantee contracts were established with affected entities during fiscal year 2024[178]. - As of August 31, 2024, the net amount receivable from affected entities under the framework agreements was RMB 66.674 million[179]. - Interest income from affected entities for the fiscal year 2024 amounted to RMB 17.251 million, while interest payments made to affected entities totaled RMB 9.882 million[179].

Financial Performance - Revenue for the year ended August 31, 2024, was RMB 180,989 thousand, a decrease of 43.3% from RMB 319,269 thousand in 2023[3]. - Net profit for the same period was RMB 96,433 thousand, down 40.9% from RMB 163,120 thousand in 2023[5]. - Core net profit decreased by 66.8% to RMB 40,728 thousand from RMB 122,590 thousand in the previous year[3]. - Basic earnings per share were RMB 4.45, a decline of 40.8% compared to RMB 7.52 in 2023[3]. - Gross profit for the year was RMB 72,300 thousand, down from RMB 170,145 thousand in 2023[8]. - Total revenue for the group in 2024 was RMB 180,989,000, representing a decline of 43.3% compared to RMB 319,269,000 in 2023[32]. - Profit for fiscal year 2024 was RMB 96.4 million, down 40.9% from RMB 163.1 million in fiscal year 2023[60]. - Revenue from school-related supply chain business was RMB 122.7 million, accounting for 67.8% of total revenue, down 36.6% from RMB 193.6 million in fiscal year 2023[61]. - Revenue from comprehensive education services decreased by RMB 67.4 million or 53.7% compared to fiscal year 2023[62]. - Gross profit fell to RMB 72.3 million, a decrease of 57.5% from RMB 170.1 million in fiscal year 2023, with a gross margin decline from 53.3% to 39.9%[65]. - The net profit for FY2024 was RMB 96.4 million, down from RMB 163.1 million in FY2023, representing a decline of 40.8%[76]. - Core net profit decreased by RMB 81.9 million or 66.8% from RMB 122.6 million in FY2023 to RMB 40.7 million in FY2024, with a core net profit margin dropping from 38.4% to 22.5%[80]. Assets and Liabilities - Total assets as of August 31, 2024, were RMB 921,718 thousand, compared to RMB 844,318 thousand in 2023[10]. - Current liabilities decreased to RMB 670,337 thousand from RMB 571,604 thousand in the previous year[10]. - The company’s cash and cash equivalents decreased to RMB 47,020 thousand from RMB 242,226 thousand in 2023[10]. - Trade receivables increased to RMB 568,695 thousand from RMB 461,030 thousand in the previous year[10]. - Non-current assets in mainland China amounted to RMB 109,759,000 in 2024, an increase from RMB 103,630,000 in 2023[36]. - As of August 31, 2024, the total value of trade receivables was RMB 591,000,000, compared to RMB 674,000,000 in 2023[47]. - Financial guarantee contracts decreased to RMB 174,060,000 in 2024 from RMB 229,943,000 in 2023[49]. - The expected credit loss for financial guarantee contracts was RMB 30,164,000 in 2024, up from RMB 20,162,000 in 2023[50]. Financial Standards and Reporting - The group has applied new and revised International Financial Reporting Standards (IFRS) for the financial year starting from September 1, 2023, including IFRS 17 on insurance contracts[20]. - The application of the revised IAS 1 has replaced "significant accounting policies" with "material accounting policy information," which may impact users' decisions based on financial statements[22]. - The group does not expect significant impacts on its financial position and performance from the newly applied standards, but it will affect the disclosure of accounting policies in the consolidated financial statements[23]. - New and revised IFRS standards that have been issued but are not yet effective include IFRS 10 and IAS 28, which will take effect on or after January 1, 2024[24]. - The revised IAS 1 provides clarification on classifying liabilities as current or non-current, emphasizing that management's intentions should not influence this classification[26]. - The audit committee reviewed the audited consolidated financial statements for fiscal year 2024 and discussed accounting policies with senior management[114]. Cash Flow and Financing - The group recorded a net cash outflow from operating activities of RMB 13.4 million in FY2024[82]. - As of August 31, 2024, the group's cash and cash equivalents decreased by RMB 195.1 million, totaling RMB 348.3 million compared to RMB 534.4 million on August 31, 2023[83]. - The group reported a net cash outflow from financing activities of RMB 174.2 million, primarily due to dividend payments and loan repayments[82]. - The total bank borrowings as of August 31, 2024, amounted to RMB 254.3 million, with a fixed annual interest rate of 2.5%[83]. - The total amount of financial guarantees provided to affected entities decreased from RMB 4,300.8 million to RMB 3,934.9 million as of August 31, 2024[88]. Strategic Initiatives - The company plans to expand its comprehensive education services and school-related supply chain business, focusing on personalized extracurricular activities and reliable supply chain management[53][54]. - The strategy includes shifting from retail to wholesale for certain products to enhance distribution efficiency across various schools in China[54]. - The company aims to build long-term strategic partnerships with third-party tutoring organizations to improve service effectiveness[53]. - The overall performance of the integrated education services and school-related supply chain business was negatively impacted by macroeconomic and industry policy factors in the fiscal year 2024[53]. - The group aims to integrate resources to build a comprehensive education service platform, including online education products and services, comprehensive education management services, and learning materials supply[91]. Corporate Governance - The board is committed to high standards of corporate governance to protect shareholder interests and enhance corporate value, adhering to applicable governance codes except for the provision that the roles of chairman and CEO should not be held by the same person[110]. - The audit committee has been established according to listing rules and corporate governance codes, providing independent opinions on financial reporting processes and internal controls[113]. - The company confirms it has maintained the required public float as per listing rules for fiscal year 2024[115]. Employee and Compensation - The total employee compensation for the fiscal year 2024, including director remuneration, is approximately RMB 19.5 million, compared to RMB 15.2 million in fiscal year 2023[99]. - The group emphasizes the importance of employee training and retention, providing continuous training programs and performance-based rewards[93]. Dividends and Shareholder Returns - The company declared a final dividend of RMB 0.05 per share for the year ended August 31, 2024, totaling RMB 108,398,000[41]. - The board does not recommend a final dividend for the year ending August 31, 2024, compared to a final dividend of RMB 0.050 per share amounting to RMB 108,398,000 (equivalent to HKD 119,798,000) for 2023[107].

Financial Performance - For the six months ended February 29, 2024, the company's profit for the period decreased to RMB 47.2 million from RMB 55.0 million for the same period in 2023, representing a decline of 14.1%[25]. - Core net profit for the six months ended February 29, 2024, was RMB 16.6 million, down 59.4% from RMB 40.9 million in the prior year, with a core net profit margin decreasing from 36.1% to 20.8%[26]. - The company reported revenue of RMB 79,663,000 for the six months ended February 29, 2024, a decrease of 29.6% compared to RMB 113,294,000 for the same period in 2023[96]. - Gross profit for the same period was RMB 43,913,000, down 29.8% from RMB 62,601,000 year-over-year[96]. - The company achieved a profit before tax of RMB 57,390,000, compared to RMB 65,525,000 in the previous year, reflecting a decrease of 12.6%[96]. - Basic and diluted earnings per share were both RMB 2.17, compared to RMB 2.54 for the same period last year[96]. - Profit for the same period decreased by 14.2% to RMB 472 million from RMB 550 million in the previous year[105]. - Revenue from comprehensive educational services significantly dropped by RMB 242 million or 47.5% compared to the previous period[106]. Expenses and Costs - Administrative expenses increased by 14.0% to RMB 16.0 million for the six months ended February 29, 2024, compared to RMB 14.0 million for the same period in 2023, primarily due to rising employee costs[11]. - The total employee compensation for the six months ended February 29, 2024, was approximately RMB 9.7 million, up from RMB 6.2 million for the same period in 2023[49]. - Total employee costs increased to RMB 9,706,000 from RMB 6,218,000, reflecting a rise of 56.5% year-over-year[175]. Cash Flow and Liquidity - The company recorded a net cash outflow from operating activities of RMB 24.2 million for the six months ended February 29, 2024[28]. - As of February 29, 2024, the company held cash and cash equivalents totaling RMB 425.9 million, with no outstanding bank borrowings[30]. - Cash and cash equivalents decreased by RMB 111.7 million during the six months ended February 29, 2024, primarily due to operational activities[111]. - The company's bank balances and cash, including pledged bank deposits, decreased by 20.3% to RMB 425.9 million from RMB 534.4 million[137]. Assets and Liabilities - Non-current assets totaled RMB 316,267,000 as of February 29, 2024, down from RMB 595,220,000 as of August 31, 2023[88]. - The company reported a total liability of RMB 833,765,000, an increase from RMB 571,604,000 in the previous period[88]. - The company has a total equity of RMB 551,068,000 as of February 29, 2024, down from RMB 612,209,000 as of August 31, 2023[90]. - The group's net current assets were RMB 234.9 million as of February 29, 2024, down from RMB 272.7 million as of August 31, 2023[44]. Shareholder Information - Major shareholder Mr. Liu holds 930,000,000 shares, representing 42.70% of the total equity, while Ms. Li holds 570,000,000 shares, representing 26.17%[68]. - The company has a total of 11,704,000 shares purchased on the Hong Kong Stock Exchange, unchanged from August 31, 2023[56]. - The board granted a total of up to 8,400,000 shares as incentive shares, representing approximately 0.39% of the total issued shares as of the report date[56]. Corporate Governance and Compliance - The company has adopted the corporate governance code and has complied with all applicable code provisions, except for the provision regarding the separation of roles between the chairman and CEO[75]. - The audit committee reviewed the unaudited condensed consolidated financial statements for the six months ending February 29, 2024[76]. Future Plans and Investments - The company plans to utilize the net proceeds of approximately RMB 487.7 million from a share placement for building and developing schools in China and for general corporate purposes[38]. - The company is exploring the possibility of spinning off its high school division into a profit-oriented independent entity to regain control in compliance with applicable laws and regulations[5]. - The company plans to enhance returns by purchasing various investment products classified as financial assets at fair value through profit or loss[116]. Other Income and Financial Guarantees - Other income decreased mainly due to amortization income from financial guarantee contracts, which was RMB 125 million for the six months ended February 29, 2024, down from RMB 132 million in the previous year[107]. - The company's financial guarantee contract amortization income was RMB 12,538,000, compared to RMB 13,232,000 in the previous year[172]. - The total amount of financial guarantees provided to affected entities decreased from RMB 4,300.8 million as of August 31, 2023, to RMB 4,118.1 million as of February 29, 2024[46]. Operational Changes - The company has ceased operations in providing compulsory education since September 1, 2021, focusing on school-related supply chain and comprehensive educational services[127]. - The company has not engaged in any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the six months ended February 29, 2024[35].

Revenue and Profitability - Revenue from school-related supply chain business decreased from RMB 623 million for the six months ended February 28, 2023, to RMB 529 million for the six months ended February 29, 2024[21]. - Gross profit declined by 29.9% from RMB 626 million for the six months ended February 28, 2023, to RMB 439 million for the six months ended February 29, 2024, with a slight decrease in gross margin from 55.3% to 55.1%[24]. - Core net profit decreased by RMB 24.3 million or 59.4% from RMB 409 million for the six months ended February 28, 2023, to RMB 166 million for the six months ended February 29, 2024, with core net profit margin dropping from 36.1% to 20.8%[29]. - The company reported a decrease in pre-tax profit from RMB 655 million for the six months ended February 28, 2023, to RMB 574 million for the six months ended February 29, 2024[27]. - For the six months ended February 29, 2024, the group's revenue was RMB 79,663 thousand, a decrease of 29.7% compared to RMB 113,294 thousand for the same period in 2023[64]. - The group's profit for the period was RMB 47,174 thousand, down 14.2% from RMB 54,975 thousand in the previous year[64]. - Core net profit for the period was RMB 16,598 thousand, representing a significant decline of 59.4% from RMB 40,920 thousand in the prior year[64]. - Basic earnings per share for the period were RMB 2.17, a decrease of 14.6% from RMB 2.54 in the same period last year[64]. - Total revenue for the six months ended February 29, 2024, decreased by 29.7% to RMB 79.7 million compared to RMB 113.3 million for the same period in 2023[86]. - Profit for the six months ended February 29, 2024, decreased by 14.2% to RMB 47.2 million from RMB 54.98 million in the same period of 2023[86]. Financial Position - As of February 29, 2024, the total amount of pledged bank deposits, cash, and cash equivalents was RMB 425.9 million, a decrease from RMB 534.4 million as of August 31, 2023[31]. - The group's net current assets as of February 29, 2024, were RMB 234.9 million, down from RMB 272.7 million as of August 31, 2023[32]. - The group had no outstanding bank borrowings as of February 29, 2024, maintaining a net borrowing balance of zero, consistent with August 31, 2023[33]. - The company reported a net cash position of RMB 130,364,000 as of February 29, 2024, down from RMB 242,226,000 as of August 31, 2023[111]. - The total amount of financial guarantees provided to affected entities decreased from RMB 4,300.8 million as of August 31, 2023, to RMB 4,118.1 million as of February 29, 2024[150]. - The company's financial guarantee contracts decreased from RMB 229,943,000 as of August 31, 2023, to RMB 200,663,000 as of February 29, 2024[111]. - Total assets less current liabilities amounted to RMB 551,145,000 as of February 29, 2024, compared to RMB 867,934,000 as of August 31, 2023[111]. - As of February 29, 2024, total bank borrowings amounted to RMB 290,098,000, with interest rates ranging from 2.5% to 7.5%[124]. Expenses and Income - The group's income tax expense decreased by 3.2% from RMB 10.6 million for the six months ended February 28, 2023, to RMB 10.2 million for the six months ended February 29, 2024[50]. - The actual tax rates for the six months ended February 29, 2024, and February 28, 2023, were 17.8% and 16.1%, respectively[50]. - Total employee compensation, including directors' remuneration, was approximately RMB 9.7 million for the six months ended February 29, 2024, compared to RMB 6.2 million for the same period in 2023[53]. - Administrative expenses for the period were RMB (16,006) thousand, compared to RMB (14,044) thousand in the previous year[67]. - The company's administrative expenses increased by 14.0% from RMB 14.0 million for the six months ended February 28, 2023, to RMB 16.0 million for the six months ended February 29, 2024, primarily due to increased employee costs[142]. - Financial income increased to RMB 14,906 thousand from RMB 4,635 thousand in the previous year[67]. - Financial income increased from RMB 4,600,000 for the six months ended February 28, 2023, to RMB 14,900,000 for the six months ended February 29, 2024, primarily due to increased interest income[119]. Business Strategy and Future Outlook - The company aims to continue providing high-quality educational services as a key supplement to standard curricula, focusing on comprehensive student development[19]. - The company has prepared to seize opportunities and respond to challenges in its comprehensive education services segment in the future[19]. - The company continues to adapt to market conditions and enhance its service offerings to maintain competitiveness in the education sector[19]. - The company aims to integrate resources to build an education service platform, focusing on comprehensive education management services and sales of educational materials[114]. - The company is exploring the possibility of restructuring a high school entity to regain control in compliance with applicable laws and regulations[85]. Cash Flow and Investments - As of February 29, 2024, the group's cash flow from investment activities included RMB 35.0 million in loans to third parties, RMB 15.0 million for the acquisition of a physical deposit, and cash inflow of RMB 12.1 million from repayments by affected entities[30]. - Cash and cash equivalents decreased by RMB 111.7 million as of February 29, 2024, primarily due to the activities mentioned above[96]. - The company utilized RMB 487.7 million of the net proceeds from the placement for various purposes, with a remaining balance of RMB 345.9 million as of February 29, 2024[133]. - The company had investments classified as financial assets measured at fair value through profit or loss totaling approximately RMB 119.6 million as of February 29, 2024[129]. Corporate Governance - The company is committed to achieving high standards of corporate governance to protect shareholder interests and enhance corporate value[160]. - The board consists of three executive directors and three independent non-executive directors[163]. - The interim report for the six months ending February 29, 2024, will be published on the Hong Kong Stock Exchange and the company's website[162].

Financial Performance - For the fiscal year 2023, the company reported a revenue of RMB 319.3 million, an increase from RMB 277.6 million in the previous fiscal year[31]. - The cost of revenue for 2023 was RMB 149.1 million, compared to RMB 124.2 million in 2022, indicating a rise in operational costs[31]. - Gross profit for the fiscal year 2023 was RMB 170.1 million, up from RMB 153.4 million in 2022, reflecting a growth of approximately 10.5%[31]. - The company recorded a profit before tax of RMB 189.0 million for 2023, a significant recovery from a loss of RMB 2.2 billion in the previous year[31]. - The net profit for fiscal year 2023 was RMB 163.1 million, while the core net profit rose by 6.0% to RMB 122.6 million[58]. - The profit for fiscal year 2023 was RMB 163.1 million, a significant increase of 71.5% from RMB 95.1 million in fiscal year 2022[68]. - Revenue from the school-related supply chain business increased by 25.4% to RMB 193.6 million, accounting for 60.6% of total revenue in fiscal year 2023[70][77]. - Revenue from comprehensive education services saw a slight increase of RMB 2.5 million or 2.0%, totaling RMB 125.7 million, which represents 39.4% of total revenue[73][70]. - Gross profit increased by 10.9% to RMB 170.1 million, with a gross margin of 53.3%, slightly down from 55.3% in fiscal year 2022[74]. - Administrative expenses decreased by 27.6% to RMB 30.3 million, primarily due to cost control efforts by management[83]. Customer and Supplier Concentration - The top five customers accounted for 30.2% of the group's revenue in FY2023, a decrease from 43.6% in FY2022, with the largest customer contributing approximately 24.6%[11]. - The top five suppliers represented 26.6% of the group's cost of revenue in FY2023, down from 28.7% in FY2022, with the largest supplier accounting for about 9.2%[11]. Compliance and Governance - The group confirmed compliance with relevant listing rules throughout FY2023, despite the impact of the implementation regulations on past contractual arrangements[6]. - The independent non-executive directors confirmed the group's adherence to listing rules in FY2023[6]. - The group has maintained compliance with disclosure requirements under Chapter 14A of the listing rules throughout FY2023[9]. - The company has faced various compliance issues in the past, which are disclosed in the prospectus[170]. - The company’s board of directors includes both executive and independent non-executive members, ensuring governance and oversight[183]. Employee and Compensation - As of August 31, 2023, the company had approximately 151 employees, with employee costs for the fiscal year amounting to RMB 15.2 million, down from RMB 40.8 million in the previous year[23]. - Total employee compensation for the fiscal year 2023 is approximately RMB 15.2 million, a decrease from RMB 40.8 million in fiscal year 2022[115]. - The company has adopted various incentive plans, including a pre-IPO share option plan and a share reward plan, to attract and retain high-quality employees[28]. - The company has approximately 151 employees and offers various employee benefits, including retirement and medical insurance[119]. Investments and Future Plans - The company plans to establish and operate a new high school in Zhongshan, aiming to accommodate up to 5,000 students starting from the academic year beginning in September 2025[60]. - The company plans to utilize the net proceeds of approximately RMB 487.7 million from a share placement for school construction and general corporate purposes[120]. - The company is actively exploring the feasibility of spinning off its high school division into an independent entity, in compliance with applicable laws and regulations[65][67]. - The company plans to expand its product offerings to meet the needs of different age groups, transitioning from a retail to a wholesale business model[64]. - The company has established a contract arrangement to gain control over Zhongshan Wenrui Education Investment Co., Ltd., which aims to establish and operate a new high school[67]. Financial Position and Cash Flow - Current liabilities stood at RMB 571.6 million, resulting in a net asset value of RMB 272.7 million[56]. - The total assets minus current liabilities amounted to RMB 867.9 million as of August 31, 2023[56]. - The debt-to-equity ratio improved to 47.7% as of August 31, 2023, down from 82.6% in the previous year[100]. - Net cash inflow from operating activities for FY2023 was RMB 2,092 million[96]. - Total cash and cash equivalents as of August 31, 2023, amounted to RMB 5,344 million, down from RMB 6,762 million as of August 31, 2022[97]. Risks and Challenges - The company faces significant risks including reliance on a few customers in China, brand reputation, and regulatory changes affecting operations[166]. - The company has faced various compliance issues in the past, which are disclosed in the prospectus[170]. Environmental and Social Responsibility - The company emphasizes environmental sustainability by promoting energy-saving practices and the use of eco-friendly materials in its operations[168]. - The company has made full contributions to social insurance plans for all employees in China and is working towards full contributions to the housing provident fund[169]. Related Party Transactions - The company has established multiple ongoing agreements with related parties as part of its daily operations[194]. - The controlling shareholders have declared compliance with the non-competition agreement during the fiscal year 2023[192]. - The company has not received any reports of the controlling shareholders engaging in restricted businesses during the relevant period[192]. - The company believes that the transactions under the Zhongshan contract arrangement are fair and reasonable, aligning with the overall interests of the company and its shareholders[200].

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所產生或因依賴該等內容而引致的任何損失承擔任何責 任。 Wisdom Education International Holdings Company Limited 光 正 教 育 國 際 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：6068） 年 度 業 績 公 告 截 至2023年8月31日 止 年 度 摘要 董 事 會 已 議 決 就 截 至2023年8月31日 止 年 度 建 議 派 付 末 期 股 息 每 股 人 民 幣 0.050元（相當於每股0.055港元）（2022年：無）。建議末期股息須待本公司股東 於應屆股東週年大會上批准後，方告作實，倘獲批准，預期於2024年2月28日 或之前派付。 截至8月31日止年度 2023年 2022年 變動 百分比 人民幣千元人民幣千元人民幣千元 變動 （經重列） ...

Revenue Performance - Revenue for the six months ended February 28, 2023, was RMB 113,294,000, a decrease of 2.1% from RMB 115,773,000 in the same period of 2022[14]. - Total revenue for the six months ended February 28, 2023, decreased by 2.1% to RMB 113.3 million compared to RMB 115.8 million for the same period in 2022[31]. - Revenue from school-related supply chain business increased significantly from RMB 15.3 million to RMB 62.3 million, accounting for 55.0% of total revenue[32]. - Revenue from comprehensive education services decreased by RMB 49.5 million or 49.3% due to the cancellation of most after-school activities in January and February 2023[33]. - Revenue from school-related supply chain business increased significantly to RMB 62,294,000, up 308.5% from RMB 15,255,000 in the previous year[99]. - Revenue from comprehensive education services decreased to RMB 51,000,000, down 49.3% from RMB 100,518,000 in the previous year[99]. Profitability - Profit for the period was RMB 54,975,000, representing a slight increase of 0.5% compared to RMB 54,685,000 in the previous year[14]. - Core net profit decreased by 21.6% to RMB 40,920,000 from RMB 52,226,000 year-on-year[14]. - Basic earnings per share increased by 0.8% to RMB 2.54 from RMB 2.52[14]. - Gross profit decreased by 21.6% to RMB 62.6 million, with a gross margin decline from 69.0% to 55.3%[36]. - Profit before tax decreased from RMB 69.1 million to RMB 65.5 million[42]. - Net profit for the period slightly increased to RMB 55.0 million from RMB 54.7 million[45]. - Core net profit decreased by RMB 11.3 million or 21.6% to RMB 40.9 million, with a core net profit margin declining from 45.1% to 36.1%[46]. Cash Flow and Financial Position - The group recorded a net cash inflow from operating activities of RMB 76.7 million for the six months ended February 28, 2023[52]. - Cash flow used in financing activities primarily consisted of repayment of bank loans amounting to RMB 94.2 million[50]. - As of February 28, 2023, the total amount of cash and cash equivalents was RMB 680.0 million, compared to RMB 676.2 million as of August 31, 2022[53]. - The group's capital debt ratio decreased to 56.5% as of February 28, 2023, down from 83.3% as of August 31, 2022, primarily due to the repayment of bank loans[55]. - The net cash generated from operating activities for the six months ended February 28, 2023, was RMB 76,685 thousand, a significant increase from RMB 14,838 thousand in the same period of 2022, representing a growth of approximately 416%[199]. - The total cash and cash equivalents at the end of the period as of February 28, 2023, amounted to RMB 391,030 thousand, up from RMB 210,912 thousand at the end of February 28, 2022, showing a year-over-year increase of approximately 85%[199]. Expenses and Cost Management - Administrative expenses decreased by 39.3% to RMB 14.0 million, attributed to cost control efforts by management[39]. - The total employee compensation for the six months ended February 28, 2023, was approximately RMB 6.2 million, a decrease from RMB 30.2 million for the same period in 2022[62]. - The total employee costs for the six months ended February 28, 2023, amounted to RMB 6,218,000, a decrease of 79.5% compared to RMB 30,214,000 for the same period in 2022[113]. - The total depreciation for property, plant, and equipment was RMB 2,071,000 for the six months ended February 28, 2023, compared to RMB 2,192,000 in the same period of 2022, reflecting a decrease of 5.5%[113]. Shareholder Information - The company has a total of 10,195,000 shares available for grant under the share award plan, representing approximately 0.47% of the total issued shares[75]. - Major shareholders include Bright Education Holdings with a beneficial interest of 930,000,000 shares, representing 42.70% of the company[88]. - Bright Education Investment holds a beneficial interest of 570,000,000 shares, representing 26.17% of the company[88]. - The company did not declare an interim dividend for the six months ending on that date[73]. - The company reported a dividend distribution of RMB 230,232 thousand in the previous year, which was not repeated in the current reporting period, reflecting a change in dividend policy[196]. Taxation and Regulatory Compliance - Total tax expenses for the six months ended February 28, 2023, were RMB 10,550,000, a decrease of 26.1% from RMB 14,409,000 in the same period of 2022[109]. - The company did not incur any Hong Kong profits tax for the six months ended February 28, 2023, due to lack of taxable profits[110]. - The group’s subsidiaries in Jiangxi and Guangdong provinces benefit from a reduced corporate income tax rate of 15% until December 31, 2030, and December 31, 2025, respectively[112]. - The company has maintained its accounting policies consistent with those used in the annual financial statements for the year ended August 31, 2022, ensuring transparency and reliability in financial reporting[200]. Investments and Financial Instruments - The group held investments classified as financial assets at fair value through profit or loss totaling approximately RMB 132.4 million as of February 28, 2023[61]. - The company has not engaged in any purchase, sale, or redemption of its listed securities during the reporting period[91]. - The group has not entered into any financial instruments for hedging purposes and will continue to monitor foreign exchange rate risks[56]. Other Financial Metrics - The company has provided a loan of RMB 30,000,000 to a third party at an interest rate of 5%, which is to be repaid within six months[124]. - The financial income from debt securities investments for the six months ended February 28, 2023, was RMB 558,000, a decrease of 92.06% compared to RMB 7,016,000 in the same period of 2022[136]. - The company did not report any forfeited awards during the six months ending February 28, 2023, except for those related to the resignation of a director and an employee[77]. - The company has not declared any dividends for the period ended February 28, 2023, following the special dividend of RMB 0.106 per share paid for the year ended August 31, 2021[114].

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所產生或因依賴該等內容而引致的任何損失承擔任何責 任。 Wisdom Education International Holdings Company Limited 光正教育國際控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6068） 中 期 業 績 公 告 截 至2023年2月28日 止 六 個 月 摘要 截至2月28日止六個月 2023年 2022 年 變動 百分比 人民幣千元人民幣千元人民幣千元 變動 收入 113,294 115,773 –2,479 –2.1% 期內利潤 54,975 54,685 +290 +0.5% 核心淨利潤（附註1） 40,920 52,226 –11,306 –21.6% 每股基本盈利（人民幣分） 2.54 2.52 +0.02 +0.8% 附註1： 核心淨利潤乃定義為就與本集團經營表現無關的項目作出調整後的期內利潤。這 ...