liberal arts and new engineering; School-enterprise "dual" education, as
well as in-depth cooperation with over 1,100 famous enterprises; Over 1,000
construction, production and education integration bases.
Our core investment has achieved gratifying results. During the review
period, over 550 national,provincial, municipal and other awards have been
granted to the schools. The technical talents cultivated by the schools have
become the backbone of serving the local economy. For example, 7 out of 10
people in Jingdong e-commerce operation team of Henan Province come from
Henan school; 2 out of every 5 technicians of Huawei ecosystem in Yunnan
Province are students from Yunnan School; 1 out of every 6 construction
engineering talents of Sinohydro Bureau 7 Co., Ltd., graduated from Guizhou
School.
Outlook
Strong competitiveness of organic growth with expected growth rate: in the
past three years, the organic growth rate of the Group has remained stable
at around 20%, maintaining a leading position in the industry. The average
tuition fees were far below the average market level, with huge growth
potential in future;
Robust self-founding and acquisition in the future to promote expansion of
the school reach: the Group accelerated its deployment by focusing on the
national strategies of "the coordinated development of the
Beijing-Tianjin-Hebei Region, development of the Yangtze River Economic
Belt, construction of the Guangdong-Hong Kong-Macao Greater Bay Area and
construction of an economic circle covering the area of Chengdu and
Chongqing". It is planned to commence the construction of the Greater Bay
Area project in early 2021; also, focusing on the target areas to promote
its self-founding and acquisitions; and providing high-quality education and
teaching ability through mature operation management to cultivate more
high-quality application-oriented talents for the society.
Huge room for valuation improvement: the Group's valuation multiples are far
below the industry average. With the continued strong organic growth and the
inevitable results of high-quality development of the Group, coupled with
future extensive growth, a better future of the Group can be expected.
Mr. Li Xiaoxuan, founder and chairman of the board of directors of the
Group, said: "In 2020, the Group's adoption of Two-wheel Driven 'organic
growth + value investment' growth strategy has been recognized. In the
future, the Group will continue to adhere to the path of high-quality
development, constantly improve the social benefits of running schools,
continuously improve the learning experience and employment level of
students, and promote the 'robust self-founding and acquisition' to achieve
the long-term and sustainable development goal of 'inclusive symbiosis with
organic growth and value investment', and provide more high-quality
application-oriented talents for the society to create greater value for
social development."
-End-
About China New Higher Education Group Limited:
China New Higher Education Group Limited is a leading private higher
education group in China with nearly 21 years of education industry
experience, specializing in providing higher education which focuses on
applied sciences. The Group endeavors to help each student maximize their
potential and live their life to the fullest. Since 2009, the Group has been
operating schools in different provinces and regions, and its current school
network covers 7 provinces in China, including Yunnan, Guizhou, Hubei,
Heilongjiang, Henan, Guangxi, and Gansu.
The Group provides high quality higher education in a wide selection of
fields in applied sciences. Its courses are designed to equip students with
practical and readily applicable skills, helping to prepare them for the job
market. As a leader in high-quality employment, the Group won the title of
the Top 50 National Employment of the MOE, with an average employment rate
of above 97%. The Group became a constituent stock of the Hang Seng
Composite Small Cap Index and the Hang Seng Consumer Goods & Services Index
in the Hang Seng Composite Index Series in August 2017, and was included as
a constituent stock of the MSCI China Small Cap Index in November 2017 and
included as a constituent stock of Shenzhen and Hong Kong Stock Connect in
March 2018.
This press release is distributed by Wonderful Sky Financial Group Limited
on behalf of China New Higher Education Group Limited.
For further information, please contact:
Wonderful Sky Financial Group Limited
Aileen Wang / Sandy Bai
Tel: (852) 3970 2226/ (852) 3970 2221
Email: newhigheredu@wsfg.hk
File: China New Higher Education Group Announces 2020.831 New Fiscal Year
Results Continuous Strong Organic Growth Expected External Contributions in
the Future Huge Room for Valuation Improvement [1]
01/12/2020 Dissemination of a Marketing Press Release, transmitted by EQS
Group.
The issuer is solely responsible for the content of this announcement.
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(END) Dow Jones Newswires
November 30, 2020 21:25 ET (02:25 GMT)