Employment and Talent Development - The Group has cultivated over 450,000 high-quality applied and technical talents for society as of February 28, 2025[11]. - The employment rate of graduates is among the highest in each province, with a high-quality employment rate continuously improving[11]. - The employment rate for the 2024 graduating class reached 98.03%, maintaining a high level for five consecutive years[27]. - The number of graduates employed in Fortune 500 companies and top national firms increased by 90% compared to the previous year[27]. - The Group established partnerships with 3,880 well-known enterprises, creating over 3,000 job positions in key industries[27]. - A new employment service center in the Sichuan-Chongqing region was added, forming a "four-center" system to enhance employment services[27]. - The final employment rate for 2024 graduates reached 98.03%, maintaining a high level for five consecutive years, while the proportion of graduates with high-quality employment reached 37.72%[30]. - The number of students employed by prestigious enterprises increased by 90% compared to the same period last year, with over 3,000 job opportunities created through partnerships with 3,880 well-known companies[30]. - The Group's schools ranked higher in the 2025 national rankings for private universities and vocational colleges[26]. - The Group is committed to building a student-oriented university with a century-long vision, focusing on career success and life fulfillment for every student[23]. Educational Achievements and Recognition - Three schools have achieved significant breakthroughs in educational levels, with Yunnan and Northeast schools approved for master's degree programs[26]. - Three schools achieved major breakthroughs in education levels, with Yunnan and Northeast Schools obtaining provincial-level approval for new master's degree units, and Guizhou School progressing towards becoming an undergraduate-level university[29]. - Students achieved a total of 222 national-level awards and 462 provincial-level awards in academic competitions, with a 100% increase in top awards compared to the previous year[36]. - The Group has been awarded the "Top 50 National Employment" by the Ministry of Education, with continuous improvement in high-quality employment rates[47]. Financial Performance - Total revenue for the six months ended February 28, 2025, was RMB 1,651.3 million, an increase of 11.4% compared to RMB 1,482.3 million for the same period in 2024[82]. - Revenue increased by 7.8% to RMB 1,412.9 million from RMB 1,310.8 million year-over-year[83]. - Gross profit rose by 4.4% to RMB 544.2 million, up from RMB 521.2 million in the previous year[83]. - Other income and gains significantly increased by 39.0% to RMB 238.4 million, compared to RMB 171.5 million in the prior period[83]. - Profit before tax grew by 12.2% to RMB 594.8 million, compared to RMB 530.0 million for the same period in 2024[83]. - Net profit for the six months ended February 28, 2025, was RMB 469.3 million, reflecting an 8.6% increase from RMB 432.0 million in 2024[83]. - Adjusted net profit increased by 7.0% to RMB 455.8 million from RMB 426.1 million year-over-year[83]. ESG and Sustainability Initiatives - The Group's ESG score was 37, ranking seventh globally and first in China in the diversified consumer goods industry, maintaining the highest score in China's education sector[33]. - Five schools were recognized as "Water-Saving Universities," and two schools were awarded "Green Campus" and "Green and Beautiful Campus" titles, reflecting the Group's commitment to sustainability[37]. - The Group's ESG risk score decreased to 16.7, placing it in the top 16% of 15,000 companies assessed globally[72]. Infrastructure and Investment - The Group is focusing on long-term development by enhancing campus infrastructure, faculty upgrading, and improving student learning outcomes[40]. - The Group has increased investment in teaching hardware, equipping classrooms with the latest smart blackboards and podiums to enhance teaching effectiveness[60]. - The Group invested RMB 11.37 million to improve campus network performance, achieving a 40% reduction in average latency and a 30% increase in transmission speed[62]. - Capital expenditures during the Reporting Period were RMB393.3 million, mainly for school building construction and facility purchases[119]. Governance and Compliance - The Group has complied with all applicable corporate governance code provisions during the Reporting Period[147]. - The Group did not declare an interim dividend for the six months ended February 28, 2025[156]. - The Group has not engaged in any off-balance sheet transactions as of the date of this report[136]. Shareholder Information - Mr. Li holds 772,070,025 shares, representing approximately 50.05% of the company[162]. - The total issued shares of the company as of February 28, 2025, is 1,542,734,630[173]. - IQ EQ Trustees (Singapore) Pte. Ltd. and Lendit Holdings Limited each hold 631,021,637 shares, accounting for 40.90% of the company[172]. - Elm Pacific Holdings Limited is a beneficial owner of 522,727,625 shares, which is 33.88% of the company[172]. - Sunnyland Ventures Limited holds 108,294,012 shares, representing 7.02% of the company[172]. Regulatory Environment - The provision of higher education in the PRC is classified under the "restricted" category according to the 2024 Negative List[188]. - The foreign portion of total investment in Sino-Foreign Joint Venture Private Schools must be below 50%[189]. - The establishment of Sino-Foreign Joint Venture Private Schools is subject to approval from education authorities at the provincial or national level[194]. - The revised Laws for Promoting Private Education of the PRC, effective from September 1, 2017, allow private school sponsors to choose between non-profit and for-profit models[196].
新高教集团(02001) - 2025 - 中期财报