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Public company info - China Xinhua Education Group Limited , 02779.HK
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China Xinhua Education Group Limited, 02779.HK - Company Profile
Chairman Wu Junbao
Share Issued (share) 1,609,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Other Support Services
Corporate Profile Business Summary: The Company and its subsidiaries (together, the “Group”) are principally engaged in the formal higher and secondary vocational education business in the People’s Republic of China (the “PRC”). Performance for the year: The revenue of the Group has increased from RMB386.1 million for the year ended 31 December 2018 to RMB437.7 million for the year ended 31 December 2019, while the profit for the year increased from RMB256.0 million for the year ended 31 December 2018 to RMB270.7 million for the year ended 31 December 2019. Business Review： The Group is a leading private higher education group in China. The Group are the largest private higher education provider in the Yangtze River Delta, as measured by the number of full-time student enrollment of the higher education programs. As at 31 December 2019, the Group invested in and operated four educational institutions, namely, (i) Xinhua University, a private formal university; (ii) Xinhua School, a private secondary vocational school; (iii) School of Clinical Medicine, a university jointly operated by the Group and Anhui Medical University* (安徽醫科大學); and (iv) Hongshan College, a college jointly operated by the Group and Nanjing University of Finance and Economics. The educational mission of the Group is “to serve the Group’s country through education” (興教報國). The Group are committed to providing applied science education to students and seeks to cultivate high quality talents with applicable skills, potential for future development and an ability and willingness to keep learning. The Group achieved fruitful results in 2019, achieved breakthroughs in outward expansion, continued to expand the size of its students, and achieved steady development in all major operating indicators. The total students enrolled in the schools the Group operated increased from 34,756 as at 31 December 2018 to 45,244 as at 31 December 2019. The revenue of the Group has increased from RMB386.1 million for the year ended 31 December 2018 to RMB437.7 million for the year ended 31 December 2019, while the profit for the year increased from RMB256.0 million for the year ended 31 December 2018 to RMB270.7 million for the year ended 31 December 2019. Prospects: Looking into the future, the Group will, based on its high-quality resources and rich experience accumulated in the education industry and its position to cultivate high-end application-oriented talents, tap the market potential and opportunities in the higher education industry in China, strengthen the integration of industry and education and school-enterprise cooperation, and further expand its school network and student enrollment through the acquisition of high-quality undergraduate and vocational (junior college) schools. At the same time, the Group will continue to upgrade the management of its existing educational institutions and provide the students with quality services and educational support to enhance their competitiveness in the labour market.

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