As of the fiscal year ending August 31, 2024, hope edu recorded an income of RMB 3,732.07 million, with a year-on-year growth of 4.2%. Net profit reached RMB 613.09 million, nearly three times higher than last year. Adjusted net profit was RMB 693.18 million, with a net profit margin of 18.57%. The revenue growth was mainly due to an increase in the number of enrolled students and improvements in fee standards. Sales costs increased by 13.5%, primarily due to an increase in faculty allocation and rising campus maintenance costs. Management indicated that significant investments have been made to enhance the quality of education, with over 500 new teachers added and an optimized faculty structure, achieving a graduate employment rate among the top in similar institutions. The overseas...Show More

As of the fiscal year ending August 31, 2024, hope edu recorded an income of RMB 3,732.07 million, with a year-on-year growth of 4.2%. Net profit reached RMB 613.09 million, nearly three times higher than last year. Adjusted net profit was RMB 693.18 million, with a net profit margin of 18.57%. The revenue growth was mainly due to an increase in the number of enrolled students and improvements in fee standards. Sales costs increased by 13.5%, primarily due to an increase in faculty allocation and rising campus maintenance costs. Management indicated that significant investments have been made to enhance the quality of education, with over 500 new teachers added and an optimized faculty structure, achieving a graduate employment rate among the top in similar institutions. The overseas campus is developing rapidly, with Malaysia's INTI International University climbing 40 spots in the QS ranking to 516th globally. The company continues to advance its international development strategy, with the scale of overseas campus enrollment increasing by 15% year-on-year. Looking to the future, the company will continue to promote integration of industry and education, and school-enterprise cooperation, to enhance students' employability. Supported by policies, improving the quality of professional education has become a focus, and the company will seize opportunities to expand its educational scale and enhance its ability to serve society. Despite facing liquidity pressures, the company has implemented several measures to improve its financial situation and ensure sustainable development.