On February 14, Xijiao International Holdings*** Xijiao International Holdings, 01765HK) announced that the company was notified by Wang Huiwu, executive director, chief executive officer and controlling shareholder, that on February 14, 2024, Wang Huiwu purchased a total of 398,000 ordinary shares of the company in open market trading, with a total consideration of approximately HK$119,400 (equivalent to an average of about 0.).HK$30). Immediately following the purchase, Wang Huiwu beneficially owned a total of 1665279052 shares, representing approximately 20 of the total issued shares of the Company as at the date of this announcement25%。
According to Wang Huiwu, subject to compliance with applicable legal and regulatory requirements, he does not rule out the possibility of further increasing his shareholding in the company at an appropriate time.
Xijiao International Holdings, formerly known as Hope Education Group, officially changed its company name and share abbreviation on February 8 this year, and its headquarters is located at No. 2000, West District Avenue, Chengdu High-tech Zone. Hyeclytic International Holdings was established in October 2007 and listed on the Hong Kong Stock Exchange on August 3, 2018. According to the Frost & Sullivan report, the company is the second largest private higher education group in the country in terms of the number of students enrolled in general higher education as of December 31, 2017.
Hong Kong stocks on February 14 and 15 two trading days, Xijiao International Holdings continued to **, closing at 0HK$33. Looking back at the past year, the stock has been sustained**, with the lowest price being 0. on January 22, 2024HK$275 at a price of 0Calculated at 7 Hong Kong dollars, the stock price fell by 60%.
On January 31, Xijiao International Holdings acquired 500 million yuan ** target company Jiangxi Changzhen Industrial *** and Nanchang University Gongqing College Logistics Service *** 100% equity. The buyer is Jiangxi Wenyan Investment Management, a wholly-owned subsidiary of Jiangxi Culture and Performing Arts Development Group Co., Ltd., a large state-owned cultural enterprise in Jiangxi Province, and Jiangxi Wenyan Investment Management Co., Ltd. will acquire 100% of the equity of the target company and the current and potential shareholders' rights and interests contained in the equity, as well as the current and potential rights and interests of Changzhen Company as the organizer of the Gongqing College of Nanchang University to the target school.
Gongqing College of Nanchang University was established in 1985 and was evaluated and confirmed by the Ministry of Education in 2003 as an independent college jointly organized by Nanchang University and Changzhen Company, and the Group entered into an acquisition agreement with the original organizer of the target school in February 2021. The target school is an independent college that focuses on engineering and coordinates the development of multiple disciplines such as economics, management, and literature.
Xijiao International Holdings said that it is estimated that after the completion of the ** event, the company will record an unaudited loss of about RMB 90 million for the ** event. In recent years, the state has successively issued a number of policies to guide the high-quality development of vocational education, and the Group's colleges and universities are facing greater pressure to invest in running schools.
According to the financial results for the year ended August 31, 2023 released by Xijiao International Holdings on November 30, 2023, the quality of the company's colleges and universities and social reputation have been steadily improved, which has effectively driven and promoted enrollment. In the 2023 and 2024 academic years, the number of newly recruited students in the company's colleges and universities exceeded 100,000 for the first time, and the number of enrolled students exceeded 290,000, setting a new record high. In the past five years, the compound growth rate of newly recruited students in the company's colleges and universities has been 264%, and the compound growth rate of students in school was 276%。
The company's overseas schools such as INTI International University in Malaysia, Thailand University of Economics and Business, and Wickler Business School in Hungary have steadily increased compared with before the merger. The quality of education and social reputation have been improved, and INTI International University Malaysia has entered the top 600 for the first time in the QS World University Rankings 2024, ranking 556th.
Up to now, Xijiao International Holdings has deployed in 33 overseas countries and has made cooperation contacts with 75 overseas colleges and universities to further explore the road of international development of vocational education. During the reporting period, INTI International University Malaysia has attached great importance to academic construction since the group took over, and the QS ranking entered the top 600 in the world for the first time, realizing the leap from an excellent university in Asia to a world-renowned university, and it is expected that the growth rate of new enrollment of INTI International University will exceed 40% in the 2024 academic year.
During the reporting period, the University of Economics and Business increased curriculum innovation and talent introduction, and the number of lecturers with doctoral degrees or above increased by more than 35%, driving the year-on-year enrollment growth of 716%;Externally, at least 20 memoranda of understanding (MoU) have been signed with other institutions from more than 10 countries in Asia, Europe and Australia to help attract more international students. In terms of scientific research, we have increased investment and published more than 25% more than last year, laying a solid foundation for better improving the international ranking.
It can be seen that the significant increase in the number of students in school in the country has brought income177% increase and gross profit of 204% growth. For the year ended August 31, 2023, the Company recorded revenue of RMB35816.3 billion yuan, adjusted gross profit of 17607.7 billion yuan and gross profit of 16801.8 billion yuan.
For the year ended August 31, 2023, the Company's adjusted net profit was RMB8748.1 billion yuan, an increase of 153%；Adjusted net profit margin was 24.4%, basically the same as the previous year; Net profit was RMB2$107.7 billion, a decrease of 527%。The Company's total cash and bank balances amounted to RMB29277.3 billion yuan.
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