Financial Performance - For the fiscal year ending August 31, 2025, the company reported a revenue of RMB 7,363 million, representing an increase of 11.9% compared to RMB 6,579 million in the previous year[4]. - Adjusted EBITDA for the same period was RMB 4,169 million, up by 10.5% from RMB 3,774 million[4]. - The net profit for the fiscal year was RMB 506 million, showing a slight increase of 0.8% from RMB 502 million[4]. - Gross profit for the year ending August 31, 2025, was RMB 3,926 million, up 7.7% from RMB 3,644 million for the year ending August 31, 2024[23]. - The group achieved an adjusted EBITDA of RMB 4,169 million for the year ending August 31, 2025, compared to RMB 3,774 million for the previous year, indicating a growth of 10.5%[18]. - The group reported a pre-tax profit of RMB 826 million for the fiscal year ending August 31, 2025, up from RMB 500 million in the previous year, reflecting a significant increase of 65.2%[86]. - The company reported a net profit of RMB 977 million for the year ended August 31, 2025, compared to RMB 418 million in 2024, representing a significant increase of 133.5%[102]. - Basic and diluted earnings per share for the year ended August 31, 2025, were RMB 0.355, up from RMB 0.161 in 2024, indicating a growth of 120.5%[102]. Revenue Breakdown - Domestic market revenue increased from RMB 6,335 million for the year ending August 31, 2024, to RMB 7,083 million for the year ending August 31, 2025, reflecting an increase of 11.8% driven by growth in customer numbers and average selling prices[20]. - International market revenue rose to RMB 280 million for the year ending August 31, 2025, up 14.8% from RMB 244 million for the year ending August 31, 2024, primarily due to an increase in customer numbers[21]. - The domestic market generated revenue of RMB 7,083 million, while the international market contributed RMB 280 million for the fiscal year ending August 31, 2025[86]. - The group’s revenue from education services recognized over time was RMB 7,320 million for the fiscal year ending August 31, 2025, compared to RMB 6,543 million in the previous year, marking a growth of approximately 11.8%[88]. Student Enrollment and Programs - The total number of full-time students reached approximately 282,000, a year-on-year growth of about 5%, with higher education students numbering around 243,000, up by 9%[6]. - The company introduced 396 applied undergraduate programs, optimizing the proportion of engineering majors to meet the demands of emerging industries[7]. - The group added 24 new industry colleges during the reporting period, bringing the total to 85, enhancing the relevance and practicality of professional training[11]. - The number of school-enterprise cooperation partners increased to 4,809, with a total of 477 projects initiated under the Ministry of Education's collaborative education program[11]. - The international course enrollment increased by over 18% year-on-year, reflecting the group's commitment to expanding its international education footprint[12]. Cash and Assets Management - As of August 31, 2025, the company had cash reserves of RMB 6,744 million[4]. - The company's cash and cash equivalents decreased to RMB 5,797 million in 2025 from RMB 6,238 million in 2024, suggesting a tighter liquidity position[75]. - Non-current assets increased to RMB 31,459 million in 2025 from RMB 31,059 million in 2024, showing a growth in long-term investments[75]. - Total assets minus current liabilities rose to RMB 29,037 million in 2025, compared to RMB 28,435 million in 2024, indicating improved asset management[76]. - The company's total equity reached RMB 18,958 million in 2025, up from RMB 18,533 million in 2024, indicating a stronger financial position[76]. Expenses and Liabilities - Administrative expenses increased by 20.1% to RMB 1,159 million for the year ending August 31, 2025, from RMB 965 million for the year ending August 31, 2024[26]. - Financing costs increased to RMB 487 million for the year ending August 31, 2025, up 3.2% from RMB 472 million for the year ending August 31, 2024[36]. - The company reported a decrease in non-current liabilities to RMB 10,079 million in 2025 from RMB 9,902 million in 2024, suggesting improved debt management[76]. Corporate Governance and Compliance - The company has adopted corporate governance principles and has complied with applicable provisions, except for the separation of roles between the Chairman and CEO as per C.2.1[66]. - The current Chairman and CEO is the same person, which the board believes enhances leadership and operational efficiency[67]. - The board will continue to review the separation of the roles of Chairman and CEO at an appropriate time[68]. - The audit committee consists of three independent non-executive directors and is responsible for reviewing the integrity of the group's financial information[71]. - Deloitte has confirmed that the financial figures for the year ending August 31, 2025, are consistent with the audited consolidated financial statements approved by the board[72]. Future Outlook and Strategy - The company is focusing on digital transformation in education, implementing AI-enabled initiatives to improve teaching quality and efficiency[10]. - The group plans to continue leveraging policy opportunities and innovate development models to drive the education sector towards new heights[14]. - The company is focused on expanding its higher education and vocational training business, which is expected to drive future growth[77]. - The group anticipates sufficient resources to continue operations for at least the next twelve months, despite current liabilities exceeding current assets by RMB 2,422 million as of August 31, 2025[81].
中教控股(00839) - 2025 - 年度业绩