China YuHua Education (6169) H1 2025 earnings summary

Executive summary

• Revenue for the six months ended 28 February 2025 increased by 7.2% year-over-year to RMB1,278.1 million, driven by higher student enrolment.

• Adjusted Net Profit attributable to owners surged 108.7% to RMB434.5 million, with margin improving to 34.0%.

• Net profit attributable to owners was RMB405.8 million, up 110.0% from the prior year period.

• Disposal of Thailand operations (TEDCO and subsidiaries) was in progress, with results presented as discontinued operations.

• No interim dividend declared for the period.

Financial highlights

• Adjusted Gross Profit rose 48.3% to RMB617.4 million, and Adjusted Gross Profit Margin improved to 48.3% from 34.9% year-over-year.

• Gross profit increased 50.5% year-over-year to RMB597.9 million; gross margin improved to 46.8%.

• Adjusted Net Profit Margin attributable to owners increased to 34.0% from 17.5%.

• Operating Profit reached RMB397.3 million, up 115.3% year-over-year; Operating Profit Margin was 31.1%.

• Basic and diluted EPS for the period were RMB0.11 and RMB0.10, respectively, both up from RMB0.05.

Outlook and guidance

• Focus remains on expanding educational infrastructure, opening new campuses, and increasing investment in vocational education.

• Continued expansion in higher education and post-expansion consolidation to maximize shareholder value.