Financial Performance - Revenue for the year ended December 31, 2024, reached RMB 2,042,073,000, an increase of 13.1% from RMB 1,806,073,000 in 2023[3] - Gross profit for the same period was RMB 968,552,000, reflecting a growth of 12.0% compared to RMB 865,076,000 in 2023[3] - Net profit attributable to the company's owners was RMB 465,619,000, up 8.4% from RMB 429,540,000 in the previous year[3] - Adjusted net profit was RMB 428,713,000, representing an increase of 8.7% from RMB 394,392,000 in 2023[3] - The gross profit margin slightly decreased to 47.4% from 47.9% in 2023[3] - Basic earnings per share increased to RMB 0.72 from RMB 0.66, marking a growth of 9.1%[3] - Total comprehensive income for the year amounted to RMB 464,921,000, compared to RMB 426,918,000 in 2023[5] - The company reported a net profit before tax of RMB 638,195,000, up from RMB 577,781,000 in the previous year[4] - The company's income tax expense for 2024 was RMB 170,876,000, an increase of 15.3% from RMB 148,140,000 in 2023[25] - The pre-tax profit for 2024 was RMB 638,195,000, up from RMB 577,781,000 in 2023, reflecting a growth of 10.4%[25] Assets and Liabilities - Total assets increased to RMB 7,355,053,000 in 2024 from RMB 6,691,232,000 in 2023, representing an increase of approximately 9.94%[6] - Current liabilities decreased slightly to RMB 2,418,192,000 in 2024 from RMB 2,446,630,000 in 2023, a decrease of about 1.15%[6] - Non-current liabilities rose significantly to RMB 2,622,909,000 in 2024 from RMB 2,178,393,000 in 2023, an increase of approximately 20.36%[7] - Total liabilities increased to RMB 5,041,101,000 in 2024 from RMB 4,625,023,000 in 2023, reflecting a growth of around 9.00%[7] - Equity attributable to owners increased to RMB 2,444,289,000 in 2024 from RMB 2,659,698,000 in 2023, a decrease of approximately 8.09%[7] - Cash and cash equivalents decreased to RMB 1,664,799,000 in 2024 from RMB 1,708,427,000 in 2023, a decline of about 2.55%[6] Revenue Streams - Full-time higher education services generated RMB 1,625,566,000 in revenue, up from RMB 1,453,347,000 in 2023, reflecting a growth of 11.8%[16] - Revenue from lifelong education services decreased by 12.3% to RMB 139,077,000 from RMB 158,603,000 in 2023[52] - The medical and nursing business generated revenue of RMB 56,820,000, which was not applicable in the previous year[52] Acquisitions and Investments - The acquisition of Dongsoft Health Medical Group was completed on May 31, 2024, for a total consideration of RMB 81,000,000, aimed at expanding the elderly education market[37] - The company recognized goodwill of RMB 196,016,000 as part of the acquisition of Dongsoft Health Medical Group[39] - The cash outflow from the acquisition of a subsidiary was RMB 81,000,000, with a net cash outflow of RMB 46,927,000 recorded in investment activities[40] Educational Initiatives - Dalian Neusoft Institute of Information has established 33 undergraduate programs, 7 associate degree programs, and 5 vocational undergraduate programs, including 5 health technology programs[55] - The company has launched the "2024 Huawei HarmonyOS Target Class" project in collaboration with Huawei and Chengdu Zhilaohui Technology Co., Ltd.[59] - The company aims to become a leader in the education, medical, health, and tourism ecosystem, focusing on technology-enabled development and sustainable growth[53] Student Enrollment and Performance - The total number of enrolled students across three universities reached over 58,158 as of December 31, 2024, representing a year-on-year growth of 2.3%[61] - The employment placement rate for the 2024 graduates from the three universities exceeded 90%, maintaining a high placement rate despite the challenging job market[72] Corporate Governance and Compliance - The company has adhered to the corporate governance principles and standards, ensuring high levels of ethical standards, transparency, accountability, and integrity as of December 31, 2024[181] - The audit committee has reviewed the accounting principles and financial reporting matters, confirming compliance with applicable accounting standards and sufficient disclosures for the fiscal year ending December 31, 2024[185] Future Plans and Strategies - The company plans to continue providing full-time higher education services and lifelong education services in mainland China[8] - The company plans to expand its business into five major ecosystems starting in 2025: Education Technology, Medical Services, Health Technology, University Technology Parks and Campus Services, and Health Tourism[53] - The company aims to build a "Education-Medical-Nursing-Health-Tourism" ecosystem, integrating five sectors for collaborative development[152]
东软教育(09616) - 2024 - 年度业绩