新高教集团2023/2024中期报告

(Incorporated in the Cayman Islands with Limited Liability)Stock Code : 2001 2Upgrade School Operational Conditions and Educational Environment 3Remarkable Achievements of Comprehensive Education School Network 6Chairman’s Statement 12Management Discussion and Analysis 24Corporate Governance/Other Information 47Independent Review Report 48Interim Condensed Consolidated Statement of Profit or Loss 49Interim Condensed Consolidated Statement of Comprehensive Income 50Interim Condensed Consolidated Statement of Financial Position 52Interim Condensed Consolidated Statement of Changes in Equity 54Interim Condensed Consolidated Statement of Cash Flows 57Notes to Interim Condensed Consolidated Financial Information 75Definitions 83Corporate Information UPGRADE SCHOOL OPERATIONAL CONDITIONSAND EDUCATIONAL ENVIRONMENT REMARKABLE ACHIEVEMENTS OFCOMPREHENSIVE EDUCATION CORPORATE PROFILE 20242 294050100 China New Higher Education Group (the “Group”) is a leading higher vocationaleducation group focusing on higher vocational education for more than 20years which first put forward and promoted the school operation model ofapplication oriented universities. As at 29 February 2024, the Group’s schoolscovered various regions of China, cumulatively cultivating over 400,000 high-quality technical talents for the society. As a leader of high-quality employment,the schools of the Group have been awarded the “Top 50 National Employment(50)”, “Top100 Typical Cases of Employment andEntrepreneurship of College Graduates in China (100)” by the Ministry of Education, and the employmentrate of each school is among the highest in each province and region, withcontinuous improvement in high-quality employment rates. 雲南工商學院（雲南學校）Yunnan Technology and Business University(Yunnan School) 貴州工商職業學院（貴州學校）Guizhou Technology and Business Institute(Guizhou School) 哈爾濱華德學院（東北學校）Harbin Huade University(Northeast School) 湖北恩施學院（華中學校）Hubei Enshi College(Central China School) 洛陽科技職業學院（洛陽學校）Luoyang Science and TechnologyVocational College (Luoyang School) 廣西英華國際職業學院、廣西欽州英華國際職業技術學校及廣西英華國際職業學院附屬中學（統稱廣西學校）Guangxi Yinghua International OccupationCollege,Guangxi Qinzhou Yinghua InternationalOccupation and Technology Schooland Guangxi Yinghua InternationalOccupation Middle School (collectively,Guangxi Schools) 蘭州信息科技學院（甘肅學校）Lanzhou College ofInformation Science and Technology(Gansu School) 鄭州城市職業學院（鄭州學校）Zhengzhou City Vocational College(Zhengzhou School) CHAIRMAN’S STATEMENT 「以學生為中心」 Been adhering to the student-oriented principle 集團創始人、董事會主席及執行董事Founder of the Group, Chairmanof the Board and Executive Director 李孝軒李孝軒Li XiaoxuanLi Xiaoxuan Dear shareholders, 2024229 On behalf of the Board, I am pleased to present this interim results report of theGroup as of 29 February 2024. I would like to express my heartfelt thanks toall Shareholders for your full trust and unwavering support to China New HigherEducation Group. 2520242 2913.8%10.6%50% China New Higher Education Group has been focusing on higher vocationaleducation for 25 years. With “enabling every student to achieve career successand happiness in life” as its mission, the Group is committed to “buildingthe most student-oriented university”, practices the education philosophy of“teaching students in accordance with their aptitude, studying for the sakeof application”, and unswervingly takes the path of high-quality development,striving to make new contributions on the new journey of building a powerfulcountry with education. Over the past half year, the Group maintained a steadyperformance growth. For the six months ended 29 February 2024, we achieved13.8% period-on-period increase in the revenue from principal business of theGroup, while 10.6% period-on-period increase in net profit attributable to ownersof the parent. The Group will pay its cash dividend for this financial year on anannual basis, with the dividend payout ratio maintaining at 50%. Next, I will report on the Group’s high-quality development from the followingfour aspects. 15The “Wonderful Classroom” competition has been launchedfor 15 consecutive years Promoting quality improvement and reform of teaching 731710.5%19%25%2902791,7561151,156542101,118 Firstly, we have continued to deepen education and teaching reformwhichfurther enhanced our capabilities of school operation. The Group has continuedto increase investment in high-quality teaching and continuously improved itscapabilities of high-quality school operation in terms of majors construction,teaching team, teaching equipment, classroom teaching, and integration ofindustry and education.During the Reporting Period, the Group continued tooptimize the construction of subjects and majors. The Group’s schools added7 undergraduate majors that are urgently needed for national strategic and localregional development, and only five institutions nationwide have been approvedto offer the dentistry program, with Central China School being the only priva