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 全部或任何部分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。 China Maple Leaf Educational Systems Limited 中國楓葉教育集團有限公司* （於開曼群島註冊成立之有限公司） （股 份 代 號：1317） 截 至2025年2月28日 止6個月的 中期業績公告 中國楓葉教育集團有限公司*（「本公司」或「楓 葉」，連 同 其 附 屬 公 司 及 綜 合 聯 屬 實 體，統 稱「本集團」）董 事（「董 事」）會（「董事會」）欣然宣佈本集團截至2025年2月 28日 止6個 月 的 未 經 審 核 綜 合 中 期 業 績。 主要財務摘要 | | | | | | | | | | | | | | | | 截至以下日期止6個月 | | 百分比變動 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ...

Financial Performance - For the fiscal year ending August 31, 2024, the group's revenue was RMB 1,228,500,000, an increase from RMB 1,151,200,000 for the previous year[17]. - The profit for the same period was RMB 15,500,000, up by RMB 10,400,000 compared to RMB 5,100,000 in the prior year[17]. - EBITDA for the fiscal year was RMB 468,600,000, a decrease of RMB 3,500,000 or 0.7% from the previous year[17]. - Adjusted EBITDA was RMB 497,500,000, down by RMB 32,400,000 or 6.1% year-over-year[17]. - The company reported a revenue of RMB 1,228,462,000 for the fiscal year 2024, representing a growth from RMB 1,151,162,000 in 2023[29]. - The gross profit margin improved to 48.3% in 2024, up from 43.7% in 2023[29]. - The net profit for 2024 was RMB 15,513,000, a recovery from a loss of RMB 5,120,000 in 2023[29]. - The adjusted EBITDA for 2024 was RMB 497,527,000, slightly down from RMB 529,862,000 in 2023[29]. - Total revenue increased by RMB 77,300,000 or 6.7% to RMB 1,228,500,000 for the fiscal year ending August 31, 2024, primarily due to increased tuition fees, especially from overseas operations[106]. - Revenue cost decreased by RMB 12,400,000 or 1.9% to RMB 635,500,000 for the fiscal year ending August 31, 2024, mainly due to reduced amortization of intangible assets and effective cost control[107]. - Gross profit increased by RMB 89,700,000 or 17.8% to RMB 593,000,000, with gross margin rising from 43.7% to 48.3% for the fiscal year ending August 31, 2024[108]. - Investment and other income rose by 15.5% to RMB 26,100,000, with bank interest income increasing by 26.3% to RMB 9,600,000 for the fiscal year ending August 31, 2024[109]. - Other income and losses shifted from a gain of RMB 65,600,000 to a loss of RMB 4,000,000, primarily due to a significant decrease in foreign exchange gains[113]. - Marketing expenses increased by 61.3% to RMB 22,900,000, representing 1.9% of revenue for the fiscal year ending August 31, 2024[114]. - Administrative expenses decreased by 4.7% to RMB 289,000,000 for the fiscal year ending August 31, 2024, mainly due to reduced professional fees[115]. - Profit before tax increased to RMB 80,600,000, representing 6.6% of total revenue for the fiscal year ending August 31, 2024, up from 4.6% the previous year[117]. - As of August 31, 2024, the group's bank balances and cash amounted to RMB 564,800,000, an increase from RMB 528,000,000 the previous year[122]. - The company's debt-to-equity ratio decreased from 1.11 as of August 31, 2023, to 1.03 as of August 31, 2024, primarily due to the full redemption of convertible bonds, leading to a reduction in total borrowings and an increase in total equity[124]. - As of August 31, 2024, the total employee compensation, including directors' remuneration, amounted to RMB 501.6 million, an increase from RMB 483.7 million as of August 31, 2023[133]. - The company had no contingent liabilities as of August 31, 2024[129]. - There were no significant acquisitions or disposals during the year ending August 31, 2024[132]. - The company has no major investment or capital asset plans as of August 31, 2024[131]. Educational Offerings and Partnerships - Approximately 91.7% of the 2024 graduating class received admission offers from QS top 100 universities[20]. - The group established partnerships with over 23 renowned domestic universities to provide various academic programs[20]. - The group aims to expand its collaboration opportunities with domestic universities to offer more choices for high school graduates[20]. - A total of 802 students graduated in 2024, receiving over 3,411 admission offers from universities across 16 countries[20]. - The group continues to provide dual graduation pathways for high school students to pursue further education[20]. - The company plans to expand its international school network in Southeast Asia under the CIS and KIS brands, targeting the growing demand for bilingual education[22]. - A licensing agreement was signed with a Turkish school to implement the Maple World School curriculum starting in the 2024/2025 academic year[21]. - The company aims to establish Chinese language learning and testing centers globally, with the first center opening at Kwantlen Polytechnic University in Canada in 2024[22]. - The company aims to develop a unique curriculum that combines Chinese culture with global perspectives, preparing students for higher education opportunities[44]. - The launch of the Honor Zhou Enlai Class in February 2024 aims to cultivate elite talent and provide pathways to top universities, with the first cohort expected to graduate in the 2026/2027 academic year[53]. - The company has successfully established an authorization agreement with a school in Turkey to implement the Maple World School curriculum starting from the 2024/2025 academic year[91]. - The company has received confirmation from the University of Technology Sydney (UTS) that graduates of the Maple World School curriculum are eligible to apply directly to UTS[91]. - The company aims to enhance its competitive edge and provide more options for graduates through partnerships with international universities and the introduction of new high-end programs[53]. - The company continues to provide consulting services to assist students in selecting universities, ensuring a smooth transition from high school to higher education[53]. - The company has implemented the World School Curriculum, which is the first internationally recognized curriculum with independent intellectual property rights in China, filling a gap in international education[170]. Enrollment and Student Demographics - The total number of enrolled students decreased by 843 or 8.2% from 10,233 in the 2022/2023 academic year to 9,390 in the 2023/2024 academic year, primarily due to a low birth rate in China affecting high school and preschool enrollment, as well as the closure of the CIS Tanjong Katong campus impacting primary school enrollment in Singapore[74]. - The number of high school students in China for the 2023/2024 academic year is 3,195, accounting for 34.0% of total enrollment, compared to 3,496 or 34.2% in the previous year[74]. - The number of preschool students in China decreased from 2,103 in 2022/2023 to 1,752 in 2023/2024, representing a decline from 20.6% to 18.7% of total enrollment[74]. - The overseas enrollment for high school students increased to 732, representing 7.8% of total enrollment, up from 634 or 6.2% in the previous year[74]. Regulatory and Compliance Matters - The implementation of the "Implementation Regulations" on September 1, 2021, introduced significant uncertainties regarding the control of private schools and non-profit kindergartens, affecting the group's operational structure[54]. - The company plans to continue monitoring the implementation of regulations across regions and assess their subsequent impact on the company[60]. - The independent investigation into significant matters related to the company’s transactions was completed on June 20, 2023, with no major deficiencies found in internal controls[65]. - The company has not incurred any fines or penalties for violations of health, safety, or environmental regulations during the fiscal year ending August 31, 2024[177]. - The company is committed to environmental sustainability and has implemented various internal energy-saving measures[177]. Management and Governance - The group has a strong management team with members having extensive experience in education and finance, including Liu Jinbo with over 26 years in accounting and auditing[150]. - The company has been recognized for its contributions to international education, receiving awards from the Canadian government and being named one of China's top influential education leaders[143]. - The group is focused on strategic planning and management oversight, with non-executive directors like Kem Hussain bringing over 21 years of experience in education management[153]. - The management team includes members with advanced degrees and significant experience in both local and international educational contexts[149]. - The group has established a strong governance structure with various committees to oversee financial and strategic decisions[150]. - The independent director committee was established to conduct independent investigations, enhancing corporate governance[155]. - The company aims to leverage the expertise of its board members to drive strategic growth and market expansion[164]. - The management team includes professionals with significant backgrounds in international education and financial services, supporting the company's strategic objectives[165]. - The company is committed to maintaining high standards of corporate governance and risk management through its experienced board and management team[162]. Risks and Challenges - The company faces several key risks, including reliance on brand recognition, maintaining student enrollment, and managing operational costs[174][175]. - The company has developed a risk management framework to address market risks, including credit, liquidity, interest rate, and currency risks[175]. Future Plans and Strategies - The company plans to enhance global marketing efforts and host more international education fairs to support enrollment growth[75]. - The number of high school students is expected to gradually recover as restrictions on cross-border exchanges and study abroad markets ease[76]. - The company aims to increase student enrollment, raise tuition fees, and expand existing schools to achieve growth targets both in China and overseas[94]. - The company aims to expand its education industry chain by providing professional catering services and school uniforms to universities, boarding schools, and corporate clients[85]. - The company has established long-term partnerships with suppliers to ensure compliance with quality and ethical commitments[182]. Financing and Capital Structure - The company issued USD 125,000,000 of convertible bonds with a 2.25% interest rate, which are due in 2026, to provide additional funding at a lower cost[95]. - The net proceeds from the convertible bond issuance were approximately USD 123,100,000 after deducting underwriting commissions and expenses[95]. - As of August 31, 2024, the distributable reserves available to shareholders amount to approximately RMB 225.8 million[171]. - The company plans to distribute at least 40% of its annual adjusted net profit as dividends to shareholders[186]. - The company has maintained floating-rate bank loans secured by certain overseas properties and shares to finance the acquisition of overseas schools[188]. - In December 2022, the company entered into a term loan financing agreement for up to $143 million, with proceeds used for refinancing existing debt and funding acquisitions[189]. - The 2024 transitional term loan financing agreement allows for up to 300 million SGD, aimed at refinancing existing debts and covering related costs[194]. - The 2024 term loan financing agreement provides for up to 280 million SGD, intended for refinancing existing debts and associated expenses[199]. - Control change events are triggered if the largest shareholder, Mr. Ren, no longer holds direct or indirect control over 30% of the voting shares[190]. - As of January 2024, the 2022 term loan was fully repaid, and all security documents were released[193]. - The company’s major shareholders hold approximately 52.92% and 49.53% of the issued share capital, respectively[189]. - The company has specific performance obligations imposed on its major shareholders under the loan agreements[194]. - The company’s financial performance and cash flow will influence the board's discretion in dividend distribution[186]. - Upon awareness of a control change event, the borrower must immediately notify the agent[200]. - Lenders of the 2024 term loan are not obligated to provide funding upon drawdown[200]. - The agent must issue a notice to the borrower at least three business days prior to canceling the 2024 term loan financing[200]. - All outstanding amounts under the 2024 term loan will become immediately due and payable upon cancellation[200].

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 全部或任何部分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。 China Maple Leaf Educational Systems Limited 中國楓葉教育集團有限公司* （於開曼群島註冊成立的有限公司） （股 份 代 號：1317） 截 至2024年8月31日止年度之年度業績公告 中國楓葉教育集團有限公司*（「本公司」或「楓 葉」，連 同 其 附 屬 公 司 及 綜 合 聯 屬 實 體，統 稱「本集團」）董 事（「董 事」）會（「董事會」）欣然宣佈本集團截至2024年8月 31日 止 年 度 的 經 審 核 綜 合 年 度 業 績。 主要財務摘要 | --- | --- | --- | --- | |--------------------------------------------------------------------------|----------------------|--- ...

| --- | --- | --- | |------------------------------------------------|---------------------------------------------------|---------------------------------------------| | | | | | 以下為按可呈報分部劃分的本集團資產及負債分析： | | | | | 於 2024 年 2 月 29 日 人民幣千元 （未經審核） | 於 2023 年 8 月 31 日 人民幣千元 （經審核） | | 分部資產 中國分部 海外分部 | 1,764,001 4,355,997 | 1,769,691 4,445,196 | | 合併資產 | 6,119,998 於 2024 年 2 月 29 日 人民幣千元 | 6,214,887 於 2023 年 8 月 31 日 人民幣千元 | | 分部負債 | （未經審核） | （經審核） | | 中國分部 海外分部 | 2,393,358 2,277,289 | 2,930,545 1,786,826 | | 合併負債 ...

截 至2024年2月29日 止6個月的 中期業績公告 主要財務摘要 收 益 中 國 海 外 – 1 – 附 註： | --- | --- | --- | |---------------------------------------|----------------|------------| | | | | | | 截至以下日期止 | 6 個 月 | | | 2024 年 | 2023 年 | | | 2 月 29 日 | 2 月 28 日 | | | 人民幣千元 | 人民幣千元 | | 期 內（虧 損）╱溢 利 | (42,232) | 15,479 | | 加： | | | | 財務成本 | 146,876 | 97,498 | | 稅 項 | 30,532 | 26,729 | | 物 業、校 舍 及 設 備 折 舊 | 54,323 | 49,982 | | 其他無形資產攤銷（計 入 收 益 成 本） | 25,217 | 37,433 | | 使用權資產折舊 | 3,952 | 5,686 | | 投資物業折舊 | 2,514 | 497 | | 租賃用書本攤銷 | 17 | 243 | | E ...

智通财经APP获悉，教育股延续近期涨势，截至发稿，枫叶教育(01317)涨5.88%，报0.45港元；宇华教育(06169)涨5.66%，报0.56港元；中国新华教育(02779)涨4.92%，报0.64港元；思考乐教育(01769)涨0.27%，报3.75港元。 消息面上，教育部公布《校外培训管理条例（征求意见稿）》，民生证券指出，本次征求意见稿明确了校外培训管理条例的适用范围：以中小学生及3-6岁学龄前儿童为对象的校外培训纳入管理范围，而高中阶段则不在管理范围内。此次意见稿发布进一步提振市场信心，将对稳定长期预期起到重要作用。 银河证券表示，当前中国教培行业的监管政策框架已较为完备，行业规范化发展的界限与框架已经明晰，政策稳定性的能见度已较高，有望打消市场对教育板块政策风险的担忧，提升板块估值。国信证券则指出，教培龙头最新财报经营数据延续优异表现，双减政策带来的行业竞争格局改善的红利仍在显现。该券商预计这些公司仍将持续受益于此趋势。 ...

智通财经APP讯，枫叶教育(01317)发布公告，公司已于2024年2月9日根据该第二份经修订及重述信托契据的条款及条件悉数赎回所有发行在外债券。截至(但不包括)该日期应计但未付的所有利息亦已全额支付。 截至本公告日期，所有债券已获赎回，且无仍发行在外的债券。公司已向香港联合交易所有限公司申请撤回债券上市。该撤销上市预计将于2024年2月26日营业时间结束时生效。 ...

目錄 中國楓葉教育集團有限公司 二零二三年年報 2 公司資料 4 主席函件 6 公司簡介 7 五年財務摘要 10 管理層討論及分析 28 董事及高級管理層 36 董事會報告 69 企業管治報告 88 獨立核數師報告 92 綜合財務報表 公司資料 董事會 執行董事 任書良先生 （主席兼首席執行官（「首席執行官」）） 張景霞女士 （聯席首席財務官） James William Beeke先生 非執行董事 Kem Hussain博士* 獨立非執行董事 Peter Humphrey Owen先生 Alan Shaver先生^ 黃立達先生# 黃惠芳女士* 劉勁柏先生** 審核委員會 劉勁柏先生 （主席） Peter Humphrey Owen先生 黃惠芳女士 （自2023年8月31日起獲委任） 薪酬委員會 Peter Humphrey Owen先生 （主席） James William Beeke先生 黃惠芳女士 （自2023年8月31日起獲委任） 提名及企業管治委員會 任書良先生 （主席） Peter Humphrey Owen先生 黃惠芳女士 （自2023年8月31日起獲委任） 公司秘書 任書玲女士 授權代表 張景 ...

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 全部或任何部分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。 China Maple Leaf Educational Systems Limited 中國楓葉教育集團有限公司* （於開曼群島註冊成立之有限公司） （股份代號：1317） 截 至2023年8月31日 止 年 度 之 年 度 業 績 公 告 中國楓葉教育集團有限公司*（「本公司」或「楓葉」，連同其附屬公司及綜合聯屬 實體，統稱「本集團」）董事（「董事」）會（「董事會」）欣然宣佈本集團截至2023年8月 31日止年度的經審核綜合年度業績。 主要財務摘要 截至8月31日止年度 2023年 2022年 人民幣千元 人民幣千元 百分比變動 收益 1,151,162 989,795 +16.3% 中國 465,580 431,140 +8.0% ...

_ 1. 持續及非持續經營業務的財務資料。 2. 持續經營業務的財務資料。 3. 截至2022年8月31日止年度的經調整純利計算為來自持續經營業務的年內溢利，不包括來自下列各項的影響：(i)收購產生的其他無 形資產攤銷及物業折舊；(ii)可換股債券（定義見下文）公平值變動；(iii)以股份付款；(iv)或然代價公平值變動；(v)來自按公平值計入 損益的金融資產的股息收入；(vi)出售投資物業的收益；(vii)合併西咸新區空港楓葉學校（「西咸學校」）的收益及(viii)應付予香港智信財 經通訊社有限公司（「智信」）的薪酬。受影響學校財務業績已於2021年8月31日在終止綜合入賬後分類為非持續經營業務。有關進一 步詳情，請參閱下文表格「計算經調整純利」。 | --- | --- | --- | --- | --- | --- | |-----------------------|-----------------------|-------------------------|--------------------------------------------------------------------- ...