Revenue Performance - Total revenue for the first quarter reached RMB 1,970.0 million (approximately USD 271.51 million), representing a year-on-year increase of 10.9% compared to RMB 1,775.7 million in the same quarter of 2024[9]. - Revenue from public cloud services was RMB 1,353.5 million (USD 186.5 million), a year-on-year increase of 14.0% from RMB 1,187.4 million, driven primarily by growing demand for artificial intelligence[9]. - Revenue from industry cloud services was RMB 616.5 million (USD 85.0 million), a year-on-year increase of 4.8% from RMB 588.2 million, but a quarter-on-quarter decrease of 25.0% due to seasonal impacts[11]. - The company experienced a seasonal decline in revenue, with a quarter-on-quarter decrease of 11.7% from RMB 2,232.1 million in the previous quarter[9]. - Kingsoft Cloud's public cloud services revenue for the three months ended March 31, 2025, was RMB 1,353,479 thousand (approximately USD 186,514 thousand), a decrease from RMB 1,409,804 thousand in the previous quarter[30]. Profitability and Loss - Adjusted gross profit was RMB 327.7 million (USD 45.2 million), a year-on-year increase of 9.6%, with an adjusted gross margin of 16.6% compared to 16.8% in the same quarter of 2024[8]. - Operating loss was RMB 234.2 million (USD 32.3 million), improving from RMB 274.2 million in the same quarter last year and from RMB 43.5 million in the previous quarter[15]. - Net loss was RMB 316.1 million (USD 43.6 million), compared to RMB 363.6 million in the same quarter last year and RMB 200.6 million in the previous quarter[16]. - Non-GAAP EBITDA was RMB 318.5 million (USD 43.9 million), with an EBITDA margin of 16.2%, compared to 1.9% in the same quarter last year and 16.1% in the previous quarter[16]. - The improvement in net loss is attributed to enhanced revenue quality, revenue mix adjustment, and strict cost control measures[16]. Operating Expenses - Operating expenses totaled RMB 552.5 million (USD 76.1 million), a decrease of 2.6% year-on-year, but an increase of 17.7% quarter-on-quarter[13]. - General and administrative expenses were RMB 182.0 million (USD 25.1 million), a decrease of 16.8% year-over-year from RMB 218.7 million and a slight increase of 1.4% quarter-over-quarter from RMB 179.5 million[14]. - Research and development expenses were RMB 226.2 million (USD 31.2 million), a decrease of 2.5% year-over-year from RMB 232.0 million and an increase of 29.9% quarter-over-quarter from RMB 174.2 million[15]. - The increase in operating costs was primarily due to investments in AI computing resources[12]. Cash Flow and Financial Position - Cash and cash equivalents as of March 31, 2025, were RMB 2,322.7 million (USD 320.1 million), down from RMB 2,648.8 million as of December 31, 2024, primarily due to operational investments and procurement of computing power equipment[17]. - Total assets increased to RMB 19,721,074 thousand (approximately USD 2,717,636 thousand) as of March 31, 2025, from RMB 17,592,654 thousand as of December 31, 2024[27]. - Total liabilities as of March 31, 2025, were RMB 14,376,429 thousand (approximately USD 1,981,124 thousand), an increase from RMB 12,087,334 thousand as of December 31, 2024[28]. - The company reported a significant increase in accounts receivable, net amounting to RMB 1,807,011 thousand (approximately USD 249,013 thousand) as of March 31, 2025, compared to RMB 1,468,663 thousand as of December 31, 2024[27]. Future Outlook and Strategic Focus - The CEO highlighted a 228% year-on-year growth in AI business revenue, amounting to RMB 525 million, which accounted for 39% of public cloud services[8]. - The company is confident in the sustainable development of its AI-related investments and business[8]. - The company continues to focus on strategic vertical industries, leveraging its extensive cloud infrastructure and advanced cloud-native products[24]. - The company plans to hold an earnings conference call on May 28, 2025, to discuss financial results and future outlook[18].

Financial Performance - The group's revenue for the year ended March 31, 2025, was $3,648 million, a decrease of 4% compared to the previous year[3]. - Gross profit was $843 million, representing 23.1% of revenue, up from 22.3% last year[3]. - Adjusted EBITDA was $344 million, or 9.4% of revenue, compared to $343 million, or 9.0% last year[3]. - Net profit attributable to shareholders increased by 15% to $263 million[9]. - The automotive products segment generated revenue of $3,072 million, down 3% when excluding foreign exchange effects[5]. - The industrial and commercial products segment's revenue was $575 million, a decrease of 5% compared to last year[7]. - The company's revenue for the fiscal year 24/25 decreased by $166.6 million or 4% to $3,647.6 million compared to $3,814.2 million in the fiscal year 23/24[17]. - The automotive product segment accounted for 84% of total revenue, with reported sales of $3,072.4 million, down 4% from $3,210.2 million[17]. - The industrial product segment represented 16% of total revenue, with reported sales of $575.2 million, also down 5% from $604.0 million[17]. - The gross profit for the fiscal year 24/25 was $843.3 million, resulting in a gross margin of 23.1%, an increase from 22.3% in the previous year[16]. - Adjusted EBITA for the fiscal year 24/25 was $344.3 million, representing an adjusted EBITA margin of 9.4%, up from 9.0% in the previous year[16]. - The company reported a net profit attributable to shareholders of $262.8 million, an increase from $229.2 million in the previous year[16]. - The total debt decreased significantly from $560.8 million to $359.3 million, resulting in a debt-to-capital ratio of 12% compared to 18% the previous year[16]. - The company maintained a strong cash position with $790.6 million in cash as of March 31, 2025, down slightly from $809.9 million the previous year[16]. - The market capitalization increased to $1,881.2 million from $1,294.6 million, reflecting a positive market response[16]. Dividends and Shareholder Returns - The board proposed a final dividend of 44 HK cents (5.64 US cents) per share, maintaining a cautious approach due to global trade uncertainties[10]. - The company paid dividends totaling $72.2 million in the fiscal year 24/25, up from $52.5 million in the fiscal year 23/24[47]. - The company proposed a final dividend of 44 HK cents per share, amounting to $52.1 million, to be paid in September 2025[67]. Debt and Cash Management - The company maintained a cash reserve of $791 million, with a total debt-to-capital ratio of 12%[9]. - The company repaid a net amount of $200.2 million in loans during the fiscal year 24/25, compared to borrowing a net amount of $87.7 million in the fiscal year 23/24[50]. - The company has $951.7 million in available and undrawn credit facilities as of March 31, 2025[56]. - The total debt-to-capital ratio decreased to 12% from 18% as of March 31, 2024, due to the reduction in loans[68]. - The total debt-to-adjusted EBITDA ratio decreased to 0.8 times from 1.1 times as of March 31, 2024[68]. - The net cash position increased by $182.2 million to $431.3 million as of March 31, 2025, compared to $249.1 million as of March 31, 2024[57]. Operational Performance - The company is focusing on innovative technologies in the automotive sector to enhance electrification and safety[6]. - The company is actively adjusting pricing strategies to mitigate short-term impacts of tariffs while exploring long-term production relocation options[13]. - The company is focusing on cost leadership and standardization in its industrial product segment to address competitive pressures[26]. - The company is focusing on automation and artificial intelligence to transform production and create smart factories[96]. - The company aims to strengthen regional production capabilities to reduce delivery times and reliance on global supply chains[102]. - The company is focusing on local suppliers to simplify logistics and decrease global dependency[102]. Sustainability and Environmental Initiatives - The company is committed to reducing carbon emissions and increasing the use of renewable energy[105]. - The company is implementing measures to monitor and minimize waste generation, water consumption, and emissions[105]. - The company has quantified the product carbon footprint (PCF) for 70 products and implemented strategies to reduce carbon-intensive materials and use renewable resources[116]. - The company aims to develop all new products with optimized lifecycle assessment (LCA) and environmental product declarations[116]. - The company has set greenhouse gas absolute reduction targets, aiming for a 59% reduction in Scope 1, 65% in Scope 2, and 35% in Scope 3 emissions by the 34/35 fiscal year, using the 22/23 fiscal year as a baseline[134]. - The company has committed to using 100% renewable energy in all operational sites by 2025 and aims to reduce energy consumption intensity by 15% by 2030 compared to the 19/20 fiscal year[134]. - The company has established a comprehensive environmental, health, and safety (EH&S) management system, with all production sites certified under ISO 14001 and major sites under ISO 50001, covering 53% of total energy consumption[123]. - The company has provided over 1,600 hours of EH&S training in the 24/25 fiscal year, supporting the adoption of clean technologies and improving environmental performance[123]. Employee Engagement and Development - The company emphasizes the importance of employee well-being and has implemented health and safety measures that exceed requirements[112]. - The company conducts biannual employee engagement assessments to implement targeted follow-up actions[112]. - The company invests in employee development through various training programs, enhancing overall organizational efficiency[156]. - The company aims to increase the proportion of women in senior management from 13% to 15% by the end of the 25/26 fiscal year[161]. - The company has implemented pollution control technologies and maintains emissions below permitted levels, with VOC emissions at 46 tons[141]. Governance and Compliance - The board consists of independent non-executive directors with diverse experience, ensuring high levels of objective discussion and overall engagement in decision-making[196]. - The board meets quarterly to discuss business performance, corporate strategy, risk management, and significant transactions, ensuring accountability to shareholders[197]. - The company is committed to maintaining compliance with relevant regulations and internal control systems[198]. - The company recognizes the importance of independent directors in understanding and engaging with its operations and management[196]. - The internal audit department conducted visits to 18 entities to test anti-corruption controls for appropriateness and compliance[183]. Risk Management - The company has established a risk management committee led by the CEO to analyze and monitor existing and potential risks on a quarterly basis[85]. - The company actively manages commodity price risks through appropriate clauses in customer contracts and price adjustments, although there may be a time lag in passing on increased costs to customers[82]. - The company has signed currency swaps between USD and RMB to hedge related operational costs[75].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 可供發行股份數目 於二零二四年年報日期，就根據計劃可予授出之所有購股權獲行使而可供發行的 股份總數為22,562,211股，相當於本公司於該日已發行股本約7.8%。 一般事項 上述補充資料並不影響二零二四年年報所載之其他資料，且二零二四年年報之內 容仍然正確及保持不變。 代表董事會 QPL INTERNATIONAL HOLDINGS LIMITED （於百慕達註冊成立之有限公司） （股份代號：243） 年報之補充公告 茲提述QPL International Holdings Limited（「本公司」，連同其附屬公司統稱「本集 團」）截至二零二四年四月三十日止年度之年報（「二零二四年年報」）。除非另有說 明，本公告所用詞彙與二零二四年年報所界定者具有相同涵義。 除二零二四年年報中「購股權計劃」一節所披露之資料外，本公司董事會（「董事會」） 謹此提供以下有關計劃詳情之補充資料： QPL Internat ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何 部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 INFINITY DEVELOPMENT HOLDINGS COMPANY LIMITED 星 謙 發 展 控 股 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：640） 截至二零二五年三月三十一日止六個月之 中期業績公告 截至二零二五年三月三十一日止六個月 截至三月三十一日止六個月 | | 二零二五年 | 二零二四年 | | --- | --- | --- | | | 千港元 | 千港元 | | | （未經審核） | （未經審核） | | 期內溢利 | 56,609 | 40,991 | | 其他全面收益： | | | | 將不會重新分類至損益之項目： | | | | 按公平值計入其他全面收益 | | | | （「按公平值計入其他全面收益」）之 | | | | 股本工具公平值變動 | 279 | 97 | | 可能重新分類至損益之項目： | | | | 於出 ...

Financial Performance - OneConnect Financial Technology Co., Ltd. reported its unaudited financial performance for the first quarter ending March 31, 2025[12]. - The financial summary for Q1 2025 will be detailed in a press release scheduled for May 28, 2025[14]. - Revenue from continuing operations for Q1 2025 was RMB 368 million, a decrease of 49.2% compared to RMB 723 million in the same period last year[16][22]. - The gross profit margin for continuing operations was 28.5%, down from 37.7% in the previous year, reflecting a decline in economies of scale due to reduced revenue[24]. - The net loss attributable to owners for continuing operations was RMB 38 million, compared to RMB 54 million in the same period last year, with a net profit margin of -10.4%[16][17]. - Revenue from the digital banking segment was RMB 104 million, a decrease of 35.6% year-over-year, primarily due to reduced customer acquisition and risk management service transactions[20][21]. - Revenue from the digital insurance segment increased by 8.1% year-over-year to RMB 143 million, driven by higher demand for digital insurance solutions[21]. - The company reported a significant decline in cloud service platform revenue, which fell by 99.5% to RMB 2 million, due to a strategic phase-out of cloud services starting July 2024[19][21]. - Operating expenses for continuing operations totaled RMB 156 million, down from RMB 342 million in the previous year, with the percentage of operating expenses to revenue decreasing from 47.3% to 42.3%[25]. - Research and development expenses for continuing operations were RMB 62 million, a reduction from RMB 213 million year-over-year, reflecting a shift to investment return-oriented project management[25]. - The company reported a basic and diluted loss per American Depositary Share of RMB -1.06, an improvement from RMB -1.48 in the same period last year[16][17]. - In Q1 2025, the operating loss from continuing operations was RMB 56 million, compared to RMB 66 million in the same period last year, resulting in an operating profit margin of -15.3% versus -9.2% year-over-year[26]. - The loss attributable to shareholders from continuing operations in Q1 2025 was RMB 38 million, down from RMB 54 million in the previous year, with a basic and diluted loss per American Depositary Share of RMB -1.06 compared to RMB -1.48[27]. - Total revenue for continuing operations in Q1 2025 was RMB 367.8 million, a significant decrease from RMB 723.3 million in Q1 2024[35]. - The gross profit for continuing operations in Q1 2025 was RMB 104.9 million, compared to RMB 272.4 million in the same quarter last year[35]. - Research and development expenses in Q1 2025 were RMB 61.6 million, down from RMB 213.2 million year-over-year[35]. - The net financial income for Q1 2025 was RMB 13.8 million, compared to RMB 6.1 million in the previous year[35]. Cash Flow and Assets - The net cash used in operating activities for Q1 2025 was RMB 190 million, while cash used in investing activities was RMB 825 million, and cash used in financing activities was RMB 6 million[28]. - Cash and cash equivalents significantly dropped to RMB 924,955 thousand from RMB 1,947,922 thousand, a decrease of 52.6%[41]. - The company reported a net cash outflow from investing activities of RMB (824,942) thousand, contrasting with a net inflow of RMB 255,848 thousand in the previous year[41]. - As of March 31, 2025, total assets amounted to RMB 3,707,728 thousand, a decrease of 6.5% from RMB 3,967,252 thousand as of December 31, 2024[38]. - Current assets decreased to RMB 3,131,029 thousand from RMB 3,397,304 thousand, reflecting a decline of 7.8%[38]. - The company’s cash and cash equivalents decreased by RMB 1,020,383 thousand during the quarter, compared to an increase of RMB 39,641 thousand in the same quarter of the previous year[41]. - Total liabilities decreased to RMB 1,254,033 thousand from RMB 1,463,309 thousand, a reduction of 14.3%[39]. - The total equity attributable to owners of the company was RMB 2,512,936 thousand, down from RMB 2,558,452 thousand, reflecting a decrease of 1.8%[39]. - The company recorded a cumulative loss of RMB (8,371,653) thousand as of March 31, 2025, compared to RMB (8,333,291) thousand at the end of 2024[39]. - Non-current assets totaled RMB 576,699 thousand, slightly up from RMB 569,948 thousand, indicating a marginal increase of 1.3%[38]. Corporate Developments - The company is currently undergoing a privatization proposal in collaboration with Platinum Group Limited[4]. - The company emphasizes the importance of maintaining relationships with strategic partners, particularly Ping An Group[8]. - The board of directors collectively assumes responsibility for the accuracy of the information contained in the announcement[10]. - The company has established long-term partnerships with financial institutions to support their digital transformation needs and has expanded services to other participants in the financial services ecosystem[29]. - The company has prepared estimated consolidated results for the three months ending March 31, 2025, based on management accounts[53]. - The accounting policies and calculation methods for the estimates have been reviewed and deemed appropriate by the auditors, ensuring consistency with the audited financial statements for the year ending December 31, 2024[54]. - The estimates have been made after careful consideration and are believed to be prudent[55]. Risks and Advisories - The report includes forward-looking statements that involve risks and uncertainties, which may cause actual results to differ significantly[7]. - Shareholders and potential investors are advised not to overly rely on the Q1 performance when trading the company's securities[9]. - The financial advisor and auditor have provided reports on the estimates made in the announcement[5].

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全 部 或 任 何 部 份 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 奧思集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1161） 截 至 二 零 二 五 年 三 月 三 十 一 日 止 六 個 月 之 中 期 業 績 公 告 財 務 摘 要 產 品 銷 售 業 務 – 2 – • 於 二 零 二 五 年 三 月 三 十 一 日，本 集 團 經 營15間 水 磨 坊 美 容 中 心、2 間Oasis Homme中 心、4間Oasis Hair Spa生 髮 活 髮 中 心、9間 奧 思 醫 學 美 容 中 心、3間 水 之 屋 及1間Oasis Dental診 所。本 集 團 經 營 的 其 他 非 奧 思 品 牌 美 容 服 務 中 心 包 括14間Glycel美 容 中 心 ...

Financial Performance - For the fiscal year ending March 31, 2025, the company reported total revenue of $157.531 million, an increase of 7.7% compared to $147.018 million for the previous year[3]. - The cost of goods sold was $117.916 million, up from $109.130 million, resulting in a gross profit of $39.615 million, which is a 32.8% increase from $29.824 million[3]. - The company recorded a net loss of $8.525 million for the year, an improvement from a net loss of $13.631 million in the previous year, indicating a reduction in losses by 37.5%[3]. - Earnings per share (EPS) for the year was reported at a loss of $0.46, compared to a loss of $0.76 in the previous year, reflecting a 39.5% improvement[3]. - The company’s other income increased to $7.006 million from $5.885 million, marking a growth of 19.0%[3]. - Selling and administrative expenses were $27.026 million, slightly down from $27.507 million, showing a decrease of 1.7%[3]. - The company reported a total comprehensive loss of $8,525,000 for the year ending March 31, 2025, compared to a loss of $13,631,000 for the previous year, representing a 37.5% improvement[4]. - For the fiscal year ending March 31, 2025, the total revenue from the publishing and printing segment was $102.725 million, with advertising revenue contributing $64.371 million[14]. - The travel and related services segment generated revenue of $54.806 million, indicating a significant contribution to the overall revenue[14]. - The group reported a pre-tax loss of $7.463 million for the fiscal year, with a net loss of $8.525 million[14]. - The group’s pre-tax profit from the publishing and printing segment was $1.836 million, while the North America segment reported a pre-tax loss of $2.849 million[14]. - The group reported a pre-tax loss of $13,597 thousand for the year, with a net annual loss of $13,631 thousand[15]. Assets and Liabilities - The company's total assets increased to $138,360,000 as of March 31, 2025, up from $134,501,000 in the previous year, indicating a growth of 2.7%[5]. - The company's cash and cash equivalents stood at $68,610,000 as of March 31, 2025, compared to $68,103,000 in the previous year, reflecting a slight increase of 0.7%[5]. - The company’s total liabilities decreased to $73,370,000 from $64,668,000, showing an increase of 13.2% year-over-year[5]. - The company’s retained earnings were reported at $173,920,000 for the year ending March 31, 2025, down from $185,335,000 in the previous year, a decline of 6.1%[6]. - The company’s total equity attributable to shareholders was $122,264,000 as of March 31, 2025, compared to $126,640,000 in the previous year, a decrease of 3.5%[6]. - The company reported a significant increase in short-term bank deposits, which rose to $36,997,000 from $27,421,000, marking a growth of 34.8%[5]. - The company’s total liabilities as of March 31, 2024, were $69,871 thousand, with segment liabilities of $65,169 thousand[19]. Operational Efficiency and Future Plans - The company plans to focus on expanding its market presence and developing new products in the upcoming fiscal year[3]. - The company aims to enhance operational efficiency and reduce costs further in the next fiscal year[3]. - Future guidance suggests a continued focus on revenue growth and strategic investments in technology[3]. - The company is actively investing in new technologies and product development to improve its competitive position in the market[21]. - The group plans to expand its premium travel product offerings into ASEAN markets and European cruise destinations[55]. - The group is leveraging artificial intelligence to improve productivity and audience engagement, with a notable innovation being the launch of the AI digital persona "Aido" for "Baige"[56]. - The group plans to focus on digital transformation and prudent execution to enhance profitability and ensure sustainable growth[59]. Shareholder Information - The company declared an interim dividend of $0.10 per share for the fiscal year ending March 31, 2025, down from $0.15 per share in the previous year[30]. - The total amount of interim dividends declared for the fiscal year ending March 31, 2024, was $2,531,000, which was paid on July 9, 2024[32]. - A mid-term dividend of 0.10 USD per ordinary share will be paid on July 8, 2025, with share transfer procedures suspended on June 18, 2025[71]. - The group repurchased a total of 57,567,300 shares at an approximate total cost of $1,086,000 during the fiscal year ending March 31, 2025[66]. - A total of 50,927,300 shares were repurchased on the Malaysia Securities Exchange for a total cost of 6,559,958 MYR (approximately 1,455,000 USD)[68]. - 31,222,600 shares repurchased have been canceled as of August 6, 2024, while the remaining 19,704,700 shares will be held as treasury shares until March 31, 2025[68]. - On the Hong Kong Stock Exchange, 6,640,000 shares were repurchased for a total cost of 1,328,846 HKD (approximately 171,000 USD)[68]. Corporate Governance - The company has adopted the highest standards of corporate governance according to the Malaysian and Hong Kong corporate governance codes[73]. - The board of directors has confirmed compliance with the Malaysian Securities Exchange Listing Rules and Hong Kong Listing Rules during the review period[75]. - The company is committed to maintaining good corporate governance standards and will continue to assess compliance with the Malaysian corporate governance code[74]. - The company’s financial statements for the year ending March 31, 2025, have been reviewed by the auditors, but no audit opinion has been issued[76].

Stock Options and Shares - As of April 1, 2023, the number of stock options available for grant under the 2021 Plan was 749,999,999, which decreased to 37,499,999 by March 31, 2024[4] - The total number of shares available for issuance under the 2021 Plan is 37,499,999, representing approximately 8.33% of the total issued shares as of March 31, 2024, which is 449,999,944 shares[4] - The total number of issued shares as of the report date is 621,876,317, with the options representing approximately 6.03% of this total[4]

截 至 二 零 二 五 年 三 月 三 十 一 日 止 年 度 之 全 年 業 績 公 布 萬 華 媒 體 集 團 有 限 公 司（「本 公 司」）董 事（「董 事」）宣 布 本 公 司 及 其 附 屬 公 司 （「本 集 團」）截 至 二 零 二 五 年 三 月 三 十 一 日 止 年 度 之 綜 合 全 年 業 績 如 下： 綜 合 收 益 表 截 至 三 月 三 十 一 日 止 年 度 萬華媒體集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：426） 香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 布 之 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 布 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 | | | | | | | | | | | | | | | | 附 | 註 | 二 | 零 | 二 | 五 年 | 二 | 零 | 二 | 四 | 年 | ...

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].