Enrollment and Educational Growth - In the 2021/22 academic year, the number of new students and enrolled students reached a historical high, with approximately 71,000 new students registered in domestic higher education, representing a 48% year-on-year increase[13]. - The company opened 359 applied undergraduate programs and 169 specialized programs, with increases of 74 and 60 programs respectively compared to the previous year[14]. - The number of students taking the national college entrance examination reached historical highs of 10.78 million and 11.93 million in 2021 and 2022 respectively[13]. - The number of applied graduates delivered to society was 61,000, representing a 19% growth year-on-year[18]. - The total number of enrolled students as of August 31, 2022, reached approximately 304,500, an increase of 26.9% compared to 240,004 students on August 31, 2021[32]. - Higher vocational education segment saw student enrollment rise to 246,049, up from 177,455 in the previous year[33]. Financial Performance - In the fiscal year 2021/22, the net profit of China Education Group Holdings increased by 31.5% year-on-year, reaching RMB 1,936 million[25]. - The adjusted EBITDA rose by 27.3% to RMB 2,856 million for the year ending August 31, 2022, compared to RMB 2,244 million for the previous year[25]. - The total assets of China Education Group Holdings amounted to RMB 33,576 million, reflecting a year-on-year growth of 25.5%[25]. - Revenue for the fiscal year ending August 31, 2022, was RMB 4,756 million, a 29.2% increase from RMB 3,682 million in 2021[40]. - Net profit for the same period was RMB 1,936 million, representing a 31.5% increase from RMB 1,472 million in 2021[40]. - Operating profit for the year was RMB 2,114 million, an increase from RMB 1,725 million in the previous year, reflecting strong operational performance[40]. Campus Expansion and Development - The company has expanded its educational capacity through new school openings and campus expansions, supporting its growth strategy[13]. - The construction of the new campus in Zhaoqing has been successfully completed in phases, with an additional land purchase of approximately 372 acres for the third phase[18]. - The new campus in Newcastle, Australia, received preliminary approval for an international enrollment quota of 1,000 students[21]. - The company plans to enhance its educational capacity with the opening of two new campuses in the Greater Bay Area and a fourth campus in Australia[38]. Quality of Education and Awards - The company received approximately 3,200 awards at international, national, and provincial levels for educational quality and social reputation during the reporting period[14]. - The company has strengthened its teaching team and enhanced the quality of education, with several schools receiving provincial and national teaching awards[14]. - The company has focused on high-quality, employment-oriented courses that are well-received by students, aligning with national strategic goals[14]. - The company has established a strong connection between its programs and industry needs, particularly in fields like artificial intelligence and modern information technology[14]. Industry Collaboration and Integration - The number of school-enterprise cooperation reached 3,475, an increase of 43% compared to the previous fiscal year[18]. - The company actively engages in industry-education integration, with 84 projects approved by the Ministry of Education for collaborative education[18]. - The company has established a new project in rural technology, enhancing local agricultural product branding and market access[20]. Employee Growth and Development - The total number of employees as of August 31, 2022, is 13,655, an increase of 23.8% compared to 11,034 in 2021, primarily due to the incorporation of staff from Sichuan School[96]. - The number of teachers increased to 9,611 in 2022 from 7,726 in 2021, representing a significant growth in the teaching staff[98]. - The group emphasizes employee development and training, implementing annual training plans focused on enhancing teaching and management capabilities[112]. - A total of 8,036 employees, or 58.9% of the workforce, received training aimed at personal and professional development during the reporting period[117]. Environmental, Social, and Governance (ESG) Initiatives - The group aims to enhance its ESG performance by providing systematic training for employees, encouraging them to improve their comprehensive capabilities and realize their self-worth[57]. - The group has established an ESG governance framework, with the board regularly assessing ESG impacts, risks, and opportunities, ensuring high-quality assurance for ESG reports[59]. - The group is committed to a business model that directly impacts low-income populations, emphasizing affordable and quality education as part of its sustainable development goals[62]. - The total emissions of the group for the year ended August 31, 2022, increased significantly to 8,971 tons from 4,098 tons in the previous year, primarily due to the incorporation of new schools and the resumption of classes post-COVID-19[70]. Corporate Governance - The company has maintained full compliance with the corporate governance code throughout the reporting period[164]. - The board of directors consists of four executive directors and three independent non-executive directors, ensuring a balance of skills and experience[165]. - The company has implemented a robust risk management and internal control system to ensure compliance and protect assets[190]. - The company emphasizes continuous development and improvement of corporate governance practices[170]. Community Engagement and Social Responsibility - The group’s community contributions included organizing social practice activities and volunteer services, positively impacting local communities[158]. - The group implemented various community benefit policies, enhancing student social responsibility and historical mission awareness[157]. - During the reporting period, the group organized 43 blood donation activities with over 15,262 participants, collecting a total of 157.58 million milliliters of blood[158].
中教控股(00839) - 2022 - 年度财报