Financial Performance - The company's operating profit increased by 42.9% year-on-year, while net profit rose by 107.2%[24] - Adjusted net profit attributable to shareholders grew by 57.1% year-on-year, reaching RMB 1.55 billion[24] - Total assets amounted to RMB 26.7 billion, representing a year-on-year growth of 48.8%[24] - Cash reserves stood at RMB 5 billion, indicating strong liquidity[24] - The return on equity improved from 13.0% to 15.9%[24] - For the fiscal year ended August 31, 2021, the company's revenue reached RMB 3,682.4 million, a 37.5% increase from RMB 2,678.1 million for the fiscal year ended August 31, 2020[66] - The higher vocational education segment's revenue increased by 58.2% to RMB 2,759.6 million for the fiscal year ended August 31, 2021, compared to RMB 1,744.4 million for the previous year[67] - The company's gross profit for the fiscal year ended August 31, 2021, was RMB 2,175.1 million, representing a 35.9% growth from RMB 1,601.0 million in the prior year[72] - The adjusted net profit attributable to the company's owners for the fiscal year ended August 31, 2021, was RMB 1,546.4 million, compared to RMB 984.1 million for the fiscal year ended August 31, 2020[64] - The net profit for the fiscal year ended August 31, 2021, was RMB 1,471.8 million, up from RMB 710.4 million in the previous year[60] Enrollment and Educational Quality - The number of enrolled students significantly increased, reflecting the growing recognition of the company's educational quality[25] - In the 2021/22 academic year, the number of newly enrolled students increased by 34% year-on-year, reaching a historical high[29] - The group delivered 52,000 outstanding graduates to society in the 2020/21 academic year, supporting the high-quality development of the local real economy[29] - The group’s member schools achieved an average increase of over 50% in new student enrollment numbers compared to pre-conversion levels after transitioning independent colleges to private undergraduate institutions[29] - The group opened and upgraded 285 applied undergraduate programs and 109 specialized programs, with increases of 20 and 38 respectively compared to the previous year[32] - The gross enrollment rate in higher education increased from 40.0% to 54.4% during the 13th Five-Year Plan, with a target of reaching 60% by 2025[29] - Two new courses were awarded national-level first-class undergraduate course status, and 26 courses received provincial-level first-class course recognition[25] - The group has recognized the need for high-quality teachers as a key resource for vocational education reform[37] Campus Expansion and Partnerships - The expansion of new campuses contributed to a historical high in the number of graduates delivered to society[23] - The group invested over RMB 10 billion in key regions such as the Guangdong-Hong Kong-Macao Greater Bay Area and the Hainan Free Trade Zone[32] - The group has established partnerships with over 2,000 enterprises to enhance the integration of industry and education, ensuring that all programs are supported by industry collaboration[35] - The group plans to expand its operations by opening a new campus in Newcastle, Australia, which will increase student capacity by 35%[43] - The group has further increased its stake in Ganzhou West Railway Education to 90%, enhancing its control over Xi'an Railway College[52] Social Responsibility and Financial Aid - The group has provided financial aid to 73,559 students over the past three years, totaling RMB 84.91 million, which includes RMB 65.44 million in scholarships and grants, RMB 9.46 million in tuition waivers, and RMB 10.01 million in work-study programs[38] - The group emphasizes the importance of social benefits in its educational mission, aligning with national policies on private education[38] - A project on the reuse of mining waste by Jiangxi University of Science and Technology saved related enterprises a total of RMB 112 million over three years, highlighting the social value of the group's industry partnerships[35] ESG and Sustainability Initiatives - The group aims to integrate ESG principles into its operations, supporting sustainable development and energy efficiency initiatives[40] - The group has established an ESG governance framework, with the board overseeing ESG matters and conducting regular assessments of potential impacts, risks, and opportunities[99] - The ESG report emphasizes the group's commitment to environmental protection, social responsibility, and corporate governance, aiming for sustainable development[93] - The group is committed to executing IFC Green Building Standards for new school projects, targeting a 20% improvement in energy, water, and material efficiency compared to local construction standards[106] - The company has implemented energy-saving management systems to enhance electricity usage efficiency[126] Employee Development and Workforce - As of August 31, 2021, the total number of employees in the group reached 11,034, an increase of 24.9% compared to 8,833 in 2020, primarily due to the incorporation of Haikou University of Economics and its affiliated art school[155] - The number of teachers increased from 6,124 in 2020 to 7,726 in 2021, reflecting a significant growth in educational staff[157] - The group emphasizes employee development and training, with a focus on enhancing teaching abilities and management skills through a comprehensive annual training plan[178] - A total of 4,730 employees, or 53.6% of the workforce, received on-the-job training during the reporting period[187] - The employee turnover rate for the reporting period was 9.1%, down from 10.3% in the previous year, indicating improved employee retention[164] Safety and Compliance - The group has established strict safety management regulations to ensure the health and safety of staff and students, including regular safety inspections[169] - The group provides necessary labor protection and insurance for employees, including work injury insurance and basic medical insurance, to mitigate risks[171] - The group has implemented ISO 9001 quality management systems in its institutions to ensure safety and quality in educational environments[169]
中教控股(00839) - 2021 - 年度财报