Enrollment and Academic Programs - As of August 2025, the total number of full-time students in the group is approximately 282,000, representing a year-on-year growth of about 5%, with higher education students increasing by approximately 9% to 243,000[32]. - The group has established 396 applied undergraduate programs, optimizing the proportion of engineering programs to meet the demands of emerging industries and regional economies[33]. - The gross enrollment rate for higher education reached 60.8% in 2024, with 13.35 million students registered for the national college entrance examination in 2025, indicating a growing demand for higher education[29]. - The group has 199 ordinary diploma courses, 17 master's programs, 163 continuing education courses, 181 vocational education courses, and 396 ordinary undergraduate courses available for the 2024/25 academic year[45]. Financial Performance - The group's revenue for the year ended August 31, 2025, reached RMB 7,363 million, an increase of 11.9% compared to RMB 6,579 million for the year ended August 31, 2024[57]. - Domestic market revenue increased from RMB 6,335 million for the year ended August 31, 2024, to RMB 7,083 million for the year ended August 31, 2025, representing an increase of 11.8% driven by growth in customer numbers and average selling prices[58]. - International market revenue for the year ended August 31, 2025, was RMB 280 million, up 14.8% from RMB 244 million for the year ended August 31, 2024, primarily due to an increase in customer numbers[59]. - The group achieved an EBITDA of RMB 2,395 million for the year ended August 31, 2025, compared to RMB 1,841 million for the year ended August 31, 2024[55]. - Adjusted EBITDA for the year ended August 31, 2025, was RMB 4,169 million, up from RMB 3,774 million for the year ended August 31, 2024[55]. - The group recorded a gross profit of RMB 3,926 million for the year ended August 31, 2025, an increase of 7.7% compared to RMB 3,644 million for the year ended August 31, 2024[61]. - Net profit for the group for the year ending August 31, 2025, was RMB 506 million, compared to RMB 502 million for the year ending August 31, 2024[75]. Operational Developments - The group has increased its presence in key regions such as the Guangdong-Hong Kong-Macao Greater Bay Area and the Chengdu-Chongqing Economic Circle, with ongoing progress in new campus construction and the establishment of smart classrooms and laboratories[35]. - The group has launched a comprehensive digital transformation strategy in education, focusing on AI-enabled education, enhancing the digital literacy of all staff, and promoting the development of smart courses[37]. - The group has established 24 new industry colleges, bringing the total to 85, enhancing the relevance and practicality of professional training, and increasing the number of industry partners to 4,809[38]. - The group has added 5 national-level research projects, bringing the total to 37, further enhancing its technological innovation capabilities[33]. Environmental and Social Responsibility - The group has received the "2024 Excellent ESG Practicing Listed Company" award, highlighting its contributions to social responsibility and sustainable development[40]. - The group emphasizes its commitment to providing affordable and quality education, aligning with the United Nations Sustainable Development Goals, particularly in poverty alleviation and quality education[106]. - The group has established an ESG working group to monitor and report on ESG performance, ensuring compliance with relevant standards and regulations[101]. - The total greenhouse gas emissions for the year ending August 31, 2025, increased to 10,377 tons from 8,952 tons in the previous year, representing a growth of approximately 16%[117]. - The group has been recognized as a "Green Low-Carbon Public Institution" by the National Administration for the Management of Government Affairs and the National Development and Reform Commission in 2024[133]. Employee and Workforce Management - The total number of employees as of August 31, 2025, is 19,570, representing a 5% increase from 18,677 in 2024, primarily due to organic growth in existing schools and new districts[149]. - The largest employee group consists of teachers and teaching assistants, accounting for nearly 81% of the total workforce, with 15,166 teachers in 2025, up from 14,383 in 2024[150]. - The employee turnover rate for the reporting period is 6.9%, with a total of 1,452 employees leaving the company, down from 1,587 in the previous year[153]. - The company has implemented performance management and reward systems to link teaching quality and staff compensation, ensuring annual assessments for all staff[143]. - A total of 15,133 employees received training, representing 77.3% of active employees, an increase from 12,598 (67.5%) in the previous year[174]. Safety and Health Management - The group has established an ISO-9001 quality management system, valid until July 2026, to ensure quality standards[158]. - The group actively promotes safety education and health awareness through various platforms, conducting annual or biennial health check-ups for all staff[162]. - The group organized a fire safety emergency evacuation drill involving approximately 1,600 participants, including 1,000 new students and 600 staff members[163]. - The group has a dedicated safety management team to oversee the implementation of safety regulations and conduct regular safety inspections[157]. Procurement and Supplier Management - The group has established a comprehensive supplier hiring system, emphasizing efficiency and quality in procurement processes[187]. - All suppliers are required to submit environmental and social responsibility declarations, ensuring compliance with labor laws and environmental standards[188]. - The group has implemented a centralized procurement management model for large-scale demand items, effectively reducing procurement costs[183]. - The total number of suppliers decreased from 2,115 in 2024 to 2,056 in 2025, with a notable increase in non-local suppliers from 100 to 197[185].
中教控股(00839) - 2025 - 年度财报