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 就 因 本 公 告 全 部 或 任 何 部 份 內 容 而 產 生 或 因 依 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 Chen Lin Education Group Holdings Limited 辰林教育集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1593） 截 至 二 零 二 五 年 二 月 二 十 八 日 止 六 個 月 的 中 期 業 績 公 告 中 期 業 績 董 事 會 欣 然 公 佈 本 集 團 截 至 二 零 二 五 年 二 月 二 十 八 日 止 六 個 月 的 未 經 審 核 合 併 中 期 業 績（「中 期 業 績」），連 同 截 至 二 零 二 四 年 二 月 二 十 九 日 止 六 個 月 的 比 較 數 字。中 期 業 績 已 經 審 核 委 員 會 與 本 公 司 管 理 層 一 同 ...

(i) 分類 分類視乎本集團管理金融資產的業務模式及現金流量的合約條款而定。 合併財務報表附註 截至二零二四年八月三十一日止年度 (ii) 計量 債務工具的後續計量視乎本集團管理資產的業務模式及資產的現金流量特徵而定。本集團將其債 務工具分類為三個計量類別： 本集團按前瞻基準評估按攤銷成本列賬及按公平值計入其他全面收益的債務工具所涉及的預期信 貸虧損。所應用減值方法視乎信貸風險是否有顯著增加。 合併財務報表附註 截至二零二四年八月三十一日止年度 貿易應收款項為就日常業務過程中提供的服務應收大學生及客戶款項。預期於一年或以內（或在日常業 務營運周期內（如更長））收回的貿易及其他應收款項分類為流動資產，否則呈列為非流動資產。 (l) 應計費用及其他應付款項 倘本集團修訂其付款估計（不包括修訂），則會調整金融負債的賬面總值，以反映實際及經修訂的估計合 約現金流量。本集團會重新計算金融負債的攤銷成本，作為按金融負債原實際利率折現的估計未來合約 現金流量的現值。 倘金融負債的合約條款被修訂，本集團會考慮所有相關事實及情況（包括定性因素），以評估經修訂條款 是否導致原始條款重大修訂。倘定性評估無法得出結論，而根據新條款現 ...

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 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 的 任 何 損 失 承 擔 任 何 責 任。 附 註： Chen Lin Education Group Holdings Limited 辰林教育集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1593） 截 至 二 零 二 四 年 八 月 三 十 一 日 止 年 度 的 年 度 業 績 公 告 | --- | --- | --- | --- | |----------------------------------------------|------------------------------------------------------|-----------------------------------------------|--- ...

Financial Performance - Deferred income increased to RMB 119,985,000 as of February 29, 2024, compared to RMB 84,342,000 as of August 31, 2023, representing a growth of 42.4%[4] - Government subsidies received totaled RMB 119,985,000 for the period, up from RMB 84,342,000, indicating a year-on-year increase of 42.4%[1] - Total borrowings reached RMB 2,323,814,000 as of February 29, 2024, up from RMB 2,051,970,000 as of August 31, 2023, marking an increase of 13.2%[12] - For the six months ended February 29, 2024, revenue was approximately RMB 332.06 million, an increase of 3.51% compared to RMB 321.67 million for the same period in 2023[104] - The cost of revenue increased to RMB 229.82 million, up 17.87% from RMB 194.98 million, leading to a gross profit of RMB 102.24 million, which is a decrease of 19.30% year-over-year[104] - The net loss for the period was RMB 14.21 million, compared to a profit of RMB 20.97 million in the same period last year, representing a decline of 167.78%[104] - Total revenue costs for the six months ended February 29, 2024, were approximately RMB 229.82 million, an increase of about 17.87% compared to the same period last year, primarily due to higher employee costs and educational operational expenses[154] Enrollment and Student Statistics - As of February 29, 2024, the total number of students enrolled was 33,825, a decrease of approximately 6.75% from 36,272 students on February 28, 2023[40] - The enrollment included 15,782 undergraduate students, 12,513 diploma students, 3,660 vocational students, and 1,870 secondary school students[42] - The company has adjusted the structure ratio of undergraduate to diploma and vocational students, leading to a decline in the number of diploma and vocational students[40] - The number of students enrolled as of February 29, 2024, is detailed in the report, indicating growth trends in student enrollment[86] Revenue Sources - For the six months ended February 29, 2024, the company generated approximately RMB 293.06 million from tuition fees, representing a year-on-year increase of about 3.51%[64] - The revenue from accommodation fees for the same period was approximately RMB 32.79 million, showing a year-on-year decrease of about 1.39%[64] - Approximately 98.13% of the company's revenue was derived from educational services, including undergraduate, vocational, and secondary school programs[64] - Tuition fees generated revenue of RMB 293.06 million, an increase of 3.51% from RMB 283.12 million in the previous year[126] - Internship management fees increased by 45.02% to RMB 0.89 million, up from RMB 0.61 million in the prior period[128] - Other services revenue rose by 20.01% to RMB 2.99 million, compared to RMB 2.49 million in the previous year[129] - Other income, including government subsidies and subcontracting income, was approximately RMB 8.55 million, a slight increase of 3.89% from the previous year[132] Borrowings and Financial Liabilities - Long-term bank loans with collateral amounted to RMB 928,850,000 as of February 29, 2024, compared to RMB 565,800,000 as of August 31, 2023, reflecting a significant increase of 64.1%[12] - The weighted average effective interest rate on borrowings remained stable at 5.66% for both periods[12] - Long-term and short-term bank borrowings amounted to RMB 1,250.10 million as of February 29, 2024, compared to RMB 798.91 million as of August 31, 2023, with collateral provided against tuition and accommodation fees[168] - The debt-to-equity ratio rose to approximately 277.71% as of February 29, 2024, compared to 212.52% as of August 31, 2023, primarily due to increased borrowings for the construction of Jiangxi Applied Technology College and Technician College[142] Operational Developments - The company has committed to ongoing investments in new technologies and market expansion strategies to enhance its competitive position in the education sector[6] - The company operates four schools as of February 29, 2024, including Jiangxi Applied Technology University and Chenlin Senior High School[60] - The company focuses on practical talent cultivation and offers a diverse range of market-oriented professional courses[61] - The company has established partnerships with several large enterprises to provide internship and potential employment opportunities for students[61] - The company is actively responding to the challenges and opportunities presented by the AI era through structural changes in talent cultivation[61] - The company aims to regularly review and adjust its professional and course offerings based on timely market research[61] - The company plans to continue enhancing educational services and expanding its network of institutions in collaboration with local governments and quality enterprises[99] Regulatory and Market Environment - The implementation of the 2021 regulations may significantly impact the private education sector in China, as noted in the management discussion[92] - The company recognizes significant risks related to regulatory changes and the ability to maintain and increase tuition and accommodation fees, which are critical to its operations[114] - The private education sector in China is expected to maintain steady growth in 2024, driven by increasing demand for vocational skills and government support[115] - There have been no significant regulatory updates related to foreign investment in the Chinese education sector as of the report date[72] Employee and Compensation - The total employee compensation amounted to approximately RMB 128.42 million, compared to RMB 94.58 million for the same period in 2023, reflecting a year-over-year increase of approximately 35.7%[193] - The company had 2,497 employees as of February 29, 2024, an increase from 2,439 employees on February 28, 2023[173] - The restricted share units granted to employees totaled 26,094,700 shares, representing about 2.61% of the company's share capital as of February 29, 2024[174] Future Outlook - The company plans to invest $200 million in new technology infrastructure over the next two years[200] - Overall, the company remains optimistic about future growth, driven by strategic initiatives and market demand[200]

Student Enrollment and Programs - As of February 29, 2024, the total number of students is 33,825, a decrease of approximately 6.75% from 36,272 students on February 28, 2023, primarily due to adjustments in the structure of undergraduate and vocational students[34] - The company is focused on adjusting the ratio of undergraduate to vocational students, which has led to a decrease in the number of vocational students[34] - As of February 29, 2024, the total number of enrolled students reached 33,825, including 15,782 undergraduates, 12,513 associate degree students, 3,660 vocational students, and 1,870 secondary school students[101] - The total number of undergraduate programs offered increased by 13.21% from 13,941 in the previous year to 15,782 in the current year[107] - The total number of vocational programs decreased by 31.64% from 5,778 to 3,950[107] - The secondary education programs offered by the institution increased by 32.62% from 1,410 to 1,870[107] Financial Performance - Revenue for the six months ended February 29, 2024, was RMB 332,060 thousand, an increase of 10,390 thousand compared to RMB 321,670 thousand for the same period in 2023[44] - Gross profit decreased to RMB 102,244 thousand, down by RMB 24,451 thousand from RMB 126,695 thousand year-over-year[44] - The company reported a net loss of RMB 14,211 thousand for the six months ended February 29, 2024, compared to a profit of RMB 20,966 thousand in the same period last year, representing a decline of RMB 35,177 thousand[44] - Basic loss per share was RMB (0.01) for the six months ended February 29, 2024, compared to earnings of RMB 0.02 per share in the prior year[44] - Total assets as of February 29, 2024, amounted to RMB 3,974,216 thousand, compared to RMB 3,639,164 thousand as of August 31, 2023[36] - Non-current liabilities increased to RMB 1,994,654 thousand from RMB 1,870,587 thousand year-over-year[38] - Current liabilities decreased slightly to RMB 1,394,438 thousand from RMB 1,410,236 thousand[38] - Total liabilities reached RMB 3,389,092 thousand, up from RMB 3,280,823 thousand in the previous year[38] - The company’s total equity and liabilities stood at RMB 4,220,246 thousand as of February 29, 2024, compared to RMB 4,126,188 thousand previously[38] - The group reported a net loss of RMB 14,211,000 for the six months ended February 29, 2024[58] - Current liabilities exceeded current assets by RMB 1,148,408,000 as of February 29, 2024[58] - The group has long-term and short-term bank borrowings totaling RMB 1,250,101,000 as of August 31, 2023, compared to RMB 798,905,000 in the previous year[63] Revenue Sources - Tuition fees accounted for RMB 293,059,000, up from RMB 283,119,000, indicating a growth of about 3.4% year-over-year[84] - Revenue for the six months ended February 29, 2024, was approximately RMB 332.06 million, an increase of about 3.23% compared to RMB 321.67 million for the same period in 2023[147] - Tuition revenue for the six months ended February 29, 2024, was approximately RMB 293.06 million, reflecting a 3.51% increase compared to the same period in 2023[148] - Other service revenue increased by approximately 20.01% to RMB 2.99 million for the six months ended February 29, 2024, compared to the same period in 2023[150] - The company reported an increase in internship management fees to RMB 889,000 from RMB 613,000, reflecting a growth of approximately 45.1%[84] - The company reported other income (excluding government grants) of RMB 3,886,000 for the six months ended February 19, 2024, compared to RMB 2,781,000 for the same period in 2023, marking an increase of approximately 39.9%[64] Corporate Governance - The company has established an audit committee composed of four independent non-executive directors, ensuring compliance with corporate governance standards[13] - The board believes that the current corporate governance arrangements do not impair the internal power balance of the group[11] - The company has adopted the corporate governance code as part of its self-regulatory measures for directors' securities trading[12] - The audit committee is chaired by a member with appropriate professional qualifications, ensuring effective oversight[13] Employee and Operational Costs - Employee costs, including salaries and bonuses, increased to RMB 103,959,000 for the six months ended February 19, 2024, from RMB 77,605,000 in the same period of 2023, representing a rise of about 33.9%[67] - Employee costs increased by approximately RMB 33.84 million for the six months ended February 29, 2024, compared to the same period in the previous year, due to efforts to attract, train, and retain talented teachers and professionals[185] - The company has increased its investment in faculty resources to improve service quality, which has led to a rise in operational costs exceeding revenue growth[176] Regulatory Environment - The company established a dedicated committee to monitor developments in relevant laws and regulations affecting the private education sector in China[139] - The new regulations effective from September 1, 2021, may significantly impact the education industry, particularly regarding tax policies for non-profit private schools[136] - The company is actively engaging professional consultants to understand the latest developments in relevant regulations[139] - The company is focused on compliance with new regulatory frameworks to ensure sustainable growth in the education sector[139] - The company faces uncertainties related to regulatory changes in the private education sector, which could impact its operations and revenue generation[164] Future Plans and Strategies - The company continues to focus on enhancing its product offerings and market expansion strategies to drive future growth[43] - The company plans to enhance its educational services and explore partnerships with other education providers to increase the number of qualified students for its internship management services[145] - The company aims to optimize its professional and course offerings, including the introduction of AI-related courses, to improve educational quality and expand its operational scale[144] - The company intends to seek more suitable educational institutions for collaboration in Jiangxi Province, Guizhou Province, and other regions in China[145] - The company recognizes significant market potential for educational services in China and plans to strengthen its service offerings to enhance brand recognition and revenue base[145] Losses and Impairments - The company recognized a net impairment loss on financial assets of RMB 1,826,000 for the six months ended February 19, 2024, down from RMB 5,848,000 in the same period of 2023, indicating a reduction of approximately 68.8%[67] - Other losses for the six months ended February 29, 2024, were approximately RMB 1.44 million, an increase of about 30.11% from RMB 1.10 million for the six months ended February 28, 2023, primarily due to losses from the sale of properties, plants, and equipment[178] Market and Economic Conditions - The company anticipates continued growth in the private education sector in China, driven by increasing demand for vocational and technical talent, diversification of education, and government support[165] - The company faces risks related to brand recognition, cash flow, and the ability to attract and retain qualified personnel, which could adversely impact its business and financial performance[140]

目錄 | 釋義 | 02 | | --- | --- | | 公司簡介 | 06 | | 財務表現摘要 | 08 | | 主席報告書 | 09 | | 董事及高級管理層簡介 | 11 | | 管理層討論及分析 | 16 | | 企業管治報告 | 35 | | 董事會報告 | 46 | | 獨立核數師報告 | 64 | | 合併財務報表及合併財務報表附註 | 73 | 釋義 | 「二零二一年實施條例」 | 指 | 中國國務院於二零二一年五月十四日發佈的《中華人民共和國民辦教育 | | --- | --- | --- | | | | 促進法實施條例》 | | 「二零二四年股東週年大會」 | 指 | 本公司謹訂於二零二四年二月十九日舉行的股東週年大會 | | 「修改決定」 | 指 | 中國國家主席於二零一六年十一月七日頒佈的第55號主席令所公佈的 《全國人民代表大會常務委員會關於修改＜中華人民共和國民辦教育促 | | | | 進法＞的決定》，於二零一七年九月一日生效 | | 「審核委員會」 | 指 | 董事會審核委員會（成員僅包括本公司獨立非執行董事） | | 「董事會」 | 指 | 本公司董事會 | | 「英屬維 ...

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 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 的 任 何 損 失 承 擔 任 何 責 任。 截 至 二 零 二 三 年 八 月 三 十 一 日 止 年 度 的 年 度 業 績 公 告 年 度 業 績 — 攤 薄 8 0.03 (0.04) 合 併 損 益 及 其 他 全 面 收 益 表 | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------|-------|---------------------------|---------------------------| | | | | | | 收 益 收 益 ...

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 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 的 任 何 損 失 承 擔 任 何 責 任。 截 至 二 零 二 三 年 八 月 三 十 一 日 止 年 度 的 年 度 業 績 公 告 – 1 – 以 下 人 士 應 佔 年 內 溢 利╱（虧 損）及 全 面 收 益 總 額： 本 公 司 擁 有 人 應 佔 溢 利╱（虧 損） 33,673 (37,985) — 攤 薄 8 0.03 (0.04) 合 併 損 益 及 其 他 全 面 收 益 表 | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------|----- ...

| --- | --- | --- | |-----------------------------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | [修訂] | 指 | 修訂受限制股份單位計劃,其主要變動載於本公司日期為二零二二年 | | 「修改決定」 | 指 | 十一月三十日之公告及本公司日期為二零二三年一月六日之通函 中國國家主席於二零一六年十一月七日頒佈的第55號主席令所公佈的 《全國人民代表大會常務委員會開於修改＜中華人民共和國民辦教育促 | | | | 進法＞的決定》· 於二零一七年九月一日生效 | | 「審核委員會」 | 指 | 董事會審核委員會 | | 「董事會」 | 指 | 本公司董事會 | | 「英屬維爾京群島」 | 指 | 英屬維爾京群島 ...

Chen Lin Education Group Holdings Limited 辰林教育集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1593） 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 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 截 至 二 零 二 三 年 二 月 二 十 八 日 止 六 個 月 的 中 期 業 績 公 告 於 二 零 二 三 年 二 月 二 十 八 日 於 二 零 二 二 年 八 月 三 十 一 日 附 註 人 民 幣 千 元 人 民 幣 千 元 （未 經 審 核） （經 審 核） 非 流 動 資 產 物 業、廠 房 及 設 備 10 2,411,022 2,185,646 使 用 權 資 產 9 425,221 434,022 無 形 資 產 11 262,542 ...