新高教集团2023/2024年报

(Incorporated in the Cayman Islands with Limited Liability) COMMITTED TO HIGHER EDUCATIONyears25 CONTENTS 3Corporate Profile4Upgrade School Operation Conditions and Educational Environment5Remarkable Achievements of Comprehensive Education6Corporate Milestones20248Review of the 2024 Financial Year10School Network15Chairman’s Statement19Management Discussion and Analysis45Directors and Senior Management53Report of Directors95Corporate Governance ReportFinancial Report116Independent Auditor’s Report121Consolidated Statement of Profit or Loss122Consolidated Statement of Comprehensive Income123Consolidated Statement of Financial Position125Consolidated Statement of Changes In Equity127Consolidated Statement of Cash Flows130Notes to Financial Statements224Financial Summary226Definitions235Corporate Information “Top 50 National Employment”「全國就業工作 50 強」 20248314550 China New Higher Education Group (the “Group”) is a leading higher educationgroup focusing on higher education for more than 20 years which first put forwardand promoted the school operation model of application oriented universities.As at 31 August 2024, the Group’s schools covered various regions of China,cumulatively cultivating over 450,000 high-quality applied and technical talentsfor the society. As a leader of high-quality employment, the schools of the Grouphave been awarded the “Top 50 National Employment (50)” by the Ministry of Education, and the employment rate of each school isamong the highest in each province and region, with continuous improvement inhigh-quality employment rates. Vision Enabling every student to achieve Becoming the moststudent-oriented universitieswith a century-long vision Mission career success and life fulfillment Upgrade school operation conditions andeducational environment Remarkable achievements ofcomprehensive education CORPORATE MILESTONES The upgrade of Guizhou Technology and Business Institutetoundergraduate-level vocational universityis officiallycommenced Guizhou Technology and Business Institutewas awarded the “Top 100 Typical Cases ofEmployment and Entrepreneurshipof CollegeGraduates in China” Thepromotionof GuizhouTechnology and Business Instituteto anundergraduate-levelvocational university has beenincluded in the cultivation unit ofGuizhou Province’s “14th Five-Year Plan” College EstablishmentPlan ESG36The Group received an ESG score of 36 for the first time from Standard & Poor’s, one of the three major international ratingagencies,ranked the seventh in the world and the first inChinain the diversified consumer industry, and scored thehighest in China’s education sector Yunnan Technology and Business Universitywas awarded as a model school constructionunit for application-oriented talent cultivation Yunnan Technology and BusinessUniversity was awarded the“Employability Training Base forNational College Graduates” 2024The Group has been selected as a member of S&P Global’s“2024 Sustainability Yearbook (China)”, making the Groupthe first and the onlyenterprise in the diversified consumerindustry to be included in the yearbook The Yangtze River Delta Employment andEntrepreneurship Center and Teaching andResearch Center were launched in Suzhou Zhengzhou City Vocational Collegejoined the Group Luoyang Science andTechnology Vocational Collegejoined the Group Yunnan Technology and Business University successfullypassedthe qualification assessment of undergraduateteachingby the Ministry of Education Hubei Enshi College and Lanzhou Collegeof Information Science and Technologycompleted conversion Lanzhou College of Information Science and Technologybecame theonlyprivate undergraduate college rated“Excellent” in theprovinceduring the annual inspection The Pearl River Delta Employment andEntrepreneurship Service Center andthe Beijing-Tianjin-Hebei Employmentand Entrepreneurship Service Centerwere launched in Shenzhen and Beijing,respectively Guangxi Yinghua InternationalOccupation Collegejoined the Group Guizhou Technology and Business University was approvedas aprovincial-level high-level vocational major groupinstitutionin Guizhou (i.e.,“high-level higher vocational”school) 2 0 2 4REVIEW OF THE 2024 FINANCIAL YEAR Continuously deepening teaching reform to achieve better learning outcomes Teachers of Yunnan School won the First Prize in the Fourth NationalTeaching Innovation Competition for College Teachers Students of Northeast School won the Second Prize in the 18th NationalCollege Business Elite Challenge Adhering to "high-quality employment as the foundation of the school" to achieve higher employment quality Employment and entrepreneurship guidance seminar organized byGuangxi Schools Porsche (China) Elite Apprentice Programme in Northeast School The concept of service and education penetrating into the front line to realize better service experience Customized cokes for freshmen of Zhengzhou School to enhance thesense of exclusivity 1-on-1 volunteer service by seni