Financial Performance - For the fiscal year ending August 31, 2025, the company reported total revenue of RMB 1,790,614,000, representing a 9.8% increase from RMB 1,631,496,000 in 2024[5] - Gross profit for the same period was RMB 970,712,000, up 1.6% from RMB 955,503,000 in the previous year[5] - Profit before tax increased by 7.6% to RMB 846,942,000 compared to RMB 786,913,000 in 2024[5] - The net profit for the year was RMB 835,546,000, reflecting a 7.4% growth from RMB 778,171,000 in 2024[5] - Adjusted net profit, excluding share-based compensation and foreign exchange gains/losses, was RMB 836,875,000, a 5.9% increase from RMB 789,883,000[5] - Basic earnings per share rose to RMB 0.70 from RMB 0.65, while diluted earnings per share increased to RMB 0.68 from RMB 0.63[7] - Revenue for the reporting period rose by 9.8% to RMB 1,790.6 million, driven primarily by an increase in student enrollment[68] - Adjusted net profit increased by RMB 47.0 million or 5.9% year-over-year, reaching RMB 836.9 million[67] - Gross profit for the reporting period was RMB 970.7 million, with a gross margin of 54.2%, down from 58.6% in the previous year[67][71] Assets and Liabilities - Non-current assets totaled RMB 5,130,215,000, slightly down from RMB 5,248,388,000 in 2024[8] - Current assets increased to RMB 2,604,027,000 from RMB 2,005,442,000, with trade and other receivables rising to RMB 1,771,717,000[8] - The company's total equity reached RMB 4,611,857,000, up from RMB 3,883,903,000 in the previous year[8] - The total borrowings amount to RMB 1,958,530,000 in 2025, down from RMB 2,248,190,000 in 2024, indicating a reduction of about 12.9%[40] - The company has unsecured loans totaling RMB 936,100,000 as of August 31, 2025, up from RMB 722,700,000 in 2024, marking an increase of about 29.5%[39] - The company's accounts payable and other payables totaled RMB 437,187,000 in 2025, an increase from RMB 395,688,000 in 2024, reflecting a growth of approximately 10.5%[38] Revenue Sources - The company operates primarily in the private higher education sector in China, generating revenue from tuition and accommodation fees[12] - Tuition fees increased to RMB 1,636,432,000 in 2025, up 10.1% from RMB 1,486,406,000 in 2024[14] - Other income rose to RMB 137,394,000 in 2025, compared to RMB 128,788,000 in 2024, marking a 6.3% increase[16] - The health college saw a significant revenue increase of 42.5%, from RMB 96.7 million to RMB 137.8 million, attributed to higher student enrollment[68] Student Enrollment - The total number of students at Shangqiu College for the 2024/2025 academic year is 26,165, representing a 4.5% increase from 25,046 in the previous year[56] - The total number of enrolled students increased by 6.4% from 103,301 in the previous academic year to 109,952 in the 2024/2025 academic year[57] - Anyang College has a total of 26,143 students for the 2024/2025 academic year, reflecting a 9.0% decrease from 28,738[56] Strategic Initiatives - The company aims to transform Tianping College into an independent private university by September 2026, with a new campus planned in Nanjing covering approximately 600,000 square meters[55] - The company emphasizes the integration of industry and education, focusing on applied talent cultivation and strengthening school-enterprise cooperation[48] - Strategic initiatives include deploying the DeepSeek R1 model to enhance AI education and improve teaching and learning environments[63] Financial Management - The company reported a decrease in financing costs to RMB 62,969,000 in 2025 from RMB 95,720,000 in 2024, a reduction of 34.2%[19] - Administrative expenses rose by 4.0% to RMB 197.5 million for the year ending August 31, 2025, compared to RMB 190.0 million in the previous year, primarily due to new property management costs[75] - The total salary cost for the reporting period was RMB 459.6 million, compared to RMB 356.2 million for the year ending August 31, 2024[90] Dividends and Governance - The company did not declare a final dividend for the year ended August 31, 2025, compared to a final dividend of RMB 0.0924 per share in 2024[23] - The board does not recommend the payment of a final dividend for the year ending August 31, 2025[92] - The company has adopted and complied with the Corporate Governance Code as per the Listing Rules during the reporting period[95] Audit and Compliance - The Audit Committee, consisting of three independent non-executive directors, has reviewed the audited consolidated financial statements for the year ending August 31, 2025[98] - The annual results announcement will be published on the Hong Kong Stock Exchange and the company's website[100]
中国春来(01969) - 2025 - 年度业绩