General

Edvantage Crew (0382.HK) Presented FY2021 Annual Results




HONG KONG, Nov 16, 2021 – (ACN Newswire) – Edvantage Crew Holdings Restricted (“Edvantage Crew” or the “Crew”, inventory code: 0382.HK), the largest deepest vocational training team within the Increased Bay Place aside (“GBA”), introduced its annual outcomes for the three hundred and sixty five days ended 31 August 2021 (the “Length below Analysis”). Right by arrangement of the Length below Analysis, the Crew operated eight training institutions, particularly Guangzhou Huashang Faculty (“Huashang Faculty”) and Guangzhou Huashang Vocational Faculty (“Huashang Vocational Faculty”) in Guangdong province, China; Urban Vocational Faculty of Sichuan (“Urban Vocational Faculty”) and Urban Technician Faculty of Sichuan (“Urban Technician Faculty”) in Sichuan province, China; GBA Industry Faculty (“GBABS”) in Hong Kong, China; World Industry Faculty of Australia (“GBCA”) and Edvantage Institute Australia (“EIA”) in Melbourne, Australia; and Edvantage Institute (Singapore)

(“EIS”) within the downtown of Singapore.

Results Highlights (For the three hundred and sixty five days ended 31 August 2021)

— Earnings increased by 56.4% YoY to approx. 1,251.6 million(RMB, the identical below);

— Uncouth earnings rose by 59.2% YoY to approx. 630.9 million;

— Adjusted salvage earnings attributable to owners of the Company1 increased by 48.7% YoY to approx. 459.7 million;

— Fashioned earnings per part increased by 37.5% YoY to 39.42 cents;

— Proposed closing dividend per part is HK8.4 cents; Annual dividend payout ratio is 30%;

— Desire of pupil enrolments increased by 74.4% YoY to approx. 61,829.

Present: (1) For the three hundred and sixty five days ended 31 August 2021, adjusted salvage earnings attributable to owners of the Firm is apparent by adjusting earnings for the three hundred and sixty five days of approx. RMB469.7 million for the carry out of salvage foreign substitute loss of approx. RMB25.8 million, part-essentially based payments of approx. RMB20.2 million and earnings for the three hundred and sixty five days attributable to non-controlling pursuits of approx. RMB56.0 million.

Right by arrangement of the Length below Analysis, the Crew’s earnings grew by 56.4% three hundred and sixty five days-on-three hundred and sixty five days (“YoY”) to approx. 1,251.6 million; Uncouth earnings increased by 59.2% YoY to approx. 630.9 million; and adjusted salvage earnings attributable to owners of the Firm rosed by 48.7% YoY to approx. 459.7 million; Fashioned earnings per part increased by 37.5% YoY to 39.42 cents; The gathering of pupil enrolments increased by 74.4% to approx. 61,829. A closing dividend in admire of the three hundred and sixty five days ended 31 August 2021 of HK8.4 cents per part was as soon as proposed by the Board of the Crew, alongside with the recognised period in-between dividend of HK5.5 cents per part, the annual dividend payout ratio is 30%. The Crew recorded the handiest performance since itemizing, which was as soon as essentially attributable to the in vogue increases in collection of scholars and tuition costs well-liked derived from normal firms (i.e. Huashang Faculty, Huashang Vocational Faculty, GBCA, EIA and EIS), along with earnings generated by the newly got colleges (i.e. Urban Vocational Faculty and Urban Technician Faculty).

Industry Update

Carefully Following National Policies to Bustle Colleges

The Crew’s Businesses are Strongly inspired by the New Vocational Education Policy Right by arrangement of the Length below Analysis, the Roar introduced a collection of insurance policies to make stronger and support the arrive of vocational training. In October 2021, the Fashioned Situation of job of the CPC Central Committee and the Fashioned Situation of job of the Roar Council released the Guidelines on Promoting the Excessive-quality Pattern of Contemporary Vocational Education, clearly supporting and encouraging listed firms and enterprise leaders to assemble vocational training, incentivising application-oriented colleges and universities to assemble vocational training at the undergraduate level, quantifying the admission scale of vocational training at the undergraduate level and the imaginative and prescient of in most cases building a expert society by 2035. National insurance policies delivered a favorable signal to vocational training. The Crew’s firms all drop at some stage within the scope of vocational training inspired by the Roar. Moreover, the Crew’s colleges in China will doubtless be found within the Increased Bay Place aside and the Chengdu-Chongqing Financial Circle, which will doubtless be key financial pattern areas and revel in the advantages which will doubtless be conducive to the arrive of vocational training, including solid financial pattern momentum, proper launch of dividend from college-age inhabitants, low detrimental enrolment fee of increased training sector and ample room for bargaining vitality. In conclusion, industrial and regional insurance policies are fully conducive to the lengthy-term sustainable pattern of the Crew’s firms.

Adhering to Excessive Quality and Excessive Compliance Distinctive Faculty-running

In terms of practising college, the Crew adopted the approach of “strengthening colleges with expertise”. It has a management team and a team of excessive-calibre lecturers comprising of effectively-known authoritative experts, including Albert SUN-CHI CHAN, an academician at the Chinese Academy of Sciences, Prof. Jean-Marie Lehn, a laureate of the Nobel Prize in Chemistry. Amongst the lecturers of the Crew’s colleges in Guangdong province and Sichuan province, virtually 30% luxuriate in an companion professor title; virtually 55% luxuriate in a grasp’s stage or above; and over 100 of them luxuriate in a doctoral stage. Meanwhile, over 100 lecturers and enterprise experts from effectively-known universities similar to Solar Yat-sen University, Jinan University, Zhongnan University of Economics and Laws, Chinese University of Hong Kong, Big Four accounting firms and SenseTime had been introduced flexibly. Apart from, when it comes to practising services and products, the Crew insists on constructing and rebuilding laboratories three hundred and sixty five days by three hundred and sixty five days with excessive requirements, excessive configuration and excessive level, and continues to make a excessive-well-liked application-oriented practising mode to make stronger purposeful instructing and domesticate application-oriented excessive-cease expertise.

Catering to the Market Wants

Synergistic Pattern of Trans-discipline and Multi-discipline

The Crew enriched its disciplines essentially based on the social and market wishes and gradually fashioned a superior discipline cluster with synergistic pattern that centres on “novel enterprise” and covers “novel engineering”, “AI”, “huge files”, “digital creativity”, “huge health”, “training” and utterly different disciplines. The vocational training enterprise associated with “huge health” in excessive demand of for expertise developed at the moment, which benefitted from the featured college-running model of “mixture of treatment and enterprise” and the complementation of benefits of colleges and enterprises for enterprise-training integration. The dimensions of scholars majoring in huge health developed at the moment. In terms of tutorial vocational training, the Crew’s colleges in Guangdong province and Sichuan province luxuriate in extra than 4,400 students engaged in vocational training associated with “huge health”, of which the enrolments of colleges of health and medicine of colleges in Guangdong province luxuriate in seen rapidly growth with the gathering of scholars increased to extra than 1,000 from over 100 in September 2019. As for non-tutorial vocational training, colleges in Guangdong province and Sichuan province area up vocational potential level certificate applications about huge health and held a quantity of competitions to coach and fabricate extra excessive-level expert expertise within the field of large health.

Giants Alliance

In-depth Growth of Industry-training Integration

The Crew’s colleges luxuriate in repeatedly led the implementation of the philosophy of “college-challenge cooperation, coordinative training”, having built lengthy-term, stable partnerships with over 700 renowned main firms successively, including Huawei, Baidu, Kingdee, Sensetime, JD.com and Chengdu Metro. It has developed a constant route of cultivating expert expertise essentially based on ordered classes, enterprise college co-construction and utterly different cooperations, to effect a complete scheme containing skill cultivation, scientific evaluate and innovation, experimental depraved, internship and employment, social services and products, market imprint, etc., which creates luxuriate in-luxuriate in outcomes for varsity kids, colleges, enterprises and the market.

Outstanding Breakthroughs of Domestic and In every other country Colleges Operation

Right by arrangement of the Length below Analysis, the Crew extra expanded its instructing footprint within the Increased Bay Place aside. It formally inaugurated GBABS in Hong Kong in September 2021, on which it signed a strategic cooperation memorandum of conception with Guangdong-HK-Macao Increased Bay Place aside Entrepreneurs Union and Cyberport. GBABS has held events love summits themed on Strategic New Pondering within the Increased Bay Place aside since its establishment. As a “plentiful bridge” within the kill, this might occasionally collaborate with extra tutorial institutions and public and deepest organizations within the Increased Bay Place aside to gradually provide Govt Certificate/Diploma, Master of Industry Administration, Govt MBA and Doctor of Industry Administration applications to nurture effectively-known leaders and abilities for the Increased Bay Place aside.

To boot, the Crew’s Sihui and Xinhui campuses in Guangdong province expanded smoothly. With the two campuses being build into expend gradually, there might be in truth vast room for growth of the Crew’s college-running potential within the GBA within the kill.

World Education is no longer tormented by the Covid-19

Excessive Synergism between Domestic and In every other country Colleges

The Crew is China’s first deepest vocational training team to self-effect colleges in a foreign country, where it uses asset-light operation model. The Crew’s in a foreign country colleges no longer handiest scrutinize in vogue local operations, the three colleges, GBCA, EIA, and EIS, provide tutorial and non-tutorial vocational training and are all qualified to signal up local and in a foreign country students. Amongst them, EIA provides undergraduate and grasp’s stage applications and is qualified to grant corresponding levels. Moreover, the Crew’s in a foreign country colleges luxuriate in a excessive stage of integration with colleges in China. The Crew actively offered on-line world applications masking both formal and non-tutorial vocational training phases. It empowered home students in language competence, complete expertise, employability and utterly different capabilities. The world training services and products luxuriate in no longer been tormented by the pandemic. The Crew believes that high-quality world instructing services and products can consistently strengthen its training producers, and thus its bargaining vitality might be sustainably enhanced.

Education Imprint Cease of Edvantage Crew is Increasingly extra Smartly-known

In terms of extra stare, within the previous two years, virtually 100 graduates of the Crew had been enrolled at high 100 effectively-known in a foreign country colleges listed on the QS World University Rankings for a grasp’s or doctoral stage. In terms of employment and entrepreneurship, great achievements luxuriate in moreover been obtained within the previous five years as virtually 500 graduates of the Crew had been employed by Big Four accounting firms, 3,000 by world’s high 500 and China’s high 100 enterprises, and virtually 2,500 by unicorn firms of novel economy and a quantity of effectively-known financial institutions. In step with the requirements of increased training pattern, colleges luxuriate in deeply utilized the protection of mass entrepreneurship and innovation, established a secondary college of innovation and entrepreneurship and the Huashang mass entrepreneurship incubation depraved, held a quantity of innovation and entrepreneurship competitions and offered associated practising. Graduates of the previous five years luxuriate in initiated many quality firms, and obtained many awards in nationwide and provincial innovation and entrepreneurship competitions.

The Crew’s colleges luxuriate in loads of cases made breakthroughs when it comes to college-running achievements. Amongst them, it’s fee pointing out that in Would perchance perchance well 2021, Huashang Faculty was as soon as licensed as a grasp’s stage conferring establishment, turning into some of the first eight deepest colleges in Guangdong province to be such establishment. In contemporary two years, Huashang Vocational Faculty has made breakthroughs in both quality and scale, and its enrolment and extra stare fee are far ahead of deepest undergraduate colleges in Guangdong province. Urban Vocational Faculty ranked No.1 in Sichuan province within the 2020 China Inner most Increased Vocational Faculty Comprehensive Energy Ranking, and was as soon as some of the increased vocational colleges planned to be upgraded to an undergraduate university at some stage within the “13th 5-Year” Arrangement interval, which shows superior college-running condition. Urban Technician Faculty noticed a gigantic growth in enrolment attributable to the tender stage upgrading channel and substantial employment potentialities. It has been highly recognised by both parents and students.

Pattern Strategy and Purpose

Since it ran colleges, the Crew has been carefully following the nationwide insurance policies, catering to market wishes, and adhering to the conception of faculty operations with excessive compliance and excessive quality. Imprint approach, skill approach and M&A technique are three high-priority ideas for pattern. The Crew will consistently assemble its tutorial vocational training and non-tutorial vocational training firms by arrangement of natural growth and external growth, and asset-light and asset-heavy operations to manufacture sustained, in vogue and excessive-quality pattern. To boot, the Crew’s colleges will cooperate with main enterprises in a quantity of industries to effect excessive-quality, market-demand of-oriented industrial colleges, a vocational training league or a vocational training team, thereby growing sustainable worth for its shareholders.

About Edvantage Crew Holdings Restricted

Edvantage Crew Holdings Restricted (“Edvantage Crew” or the “Crew”, inventory code: 0382.HK) is the largest deepest increased training team within the Guangdong-Hong Kong-Macao Increased Bay Place aside (the “Increased Bay Place aside”) and an early mover in training sector in pursuing world growth, and it was as soon as listed on the Main Board of the Stock Alternate on 16 July 2019. As of 31 August 2021, the Crew had virtually 62,000 students in colleges and owns a complete of 8 deepest training institutions, particularly Guangzhou Huashang Faculty (application-oriented undergraduate training) and Guangzhou Huashang Vocational Faculty (increased tutorial vocational training) in Guangdong province, China; Urban Vocational Faculty of Sichuan (increased tutorial vocational training) and Urban Technician Faculty of Sichuan (secondary tutorial vocational training) in Sichuan province, China; GBA Industry Faculty (GBABS) in Hong Kong, China; World Industry Faculty of Australia (GBCA) and Edvantage Institute Australia (EIA) in Melbourne, Australia; and Edvantage Institute (Singapore) (“EIS”) within the downtown of Singapore.


Topic: Press launch summary



Source: Edvantage Crew Holdings Restricted


Sectors: Education


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