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First High-School Education Shares Plunge On 1H Loss, Margin Pressure

First High-School Education Shares Plunge On 1H Loss, Margin Pressure

第一高中教育集团股价因上半年亏损而暴跌，利润率承压
Benzinga Real-time News ·  2021/09/28 13:36
  • First High-School Education Group Co Ltd (NYSE:FHS) reported the first-half FY21 revenue growth of 24.8% year-on-year, to RMB231.9 million ($35.9 million).
  • Gross profit decreased 3.6% Y/Y to RMB62.3 million ($9.6 million). The gross margin contracted 790 basis points to 26.9% as the cost of revenues increased 39.9%.
  • The operating margin was 1.8%, and operating income for the quarter fell 88.7% to RMB4.1 million ($0.6 million).
  • The company held RMB130.9 million ($20.3 million) in cash and equivalents as of June 30, 2021.
  • The company registered a net loss of RMB(3.8) million or $(0.6) million compared to an income of RMB31.9 million in 1H FY20. It reported EPS of RMB(0.05).
  • "Facing tough regulatory environment, we remain committed to driving rapid growth with further operation expansion while improving utilization rate for our existing schools," said Chairman and CEO Shaowei Zhang.
  • Price action: FHS shares are trading lower by 23.9% at $2.96 on the last check Tuesday.
  • 第一高中教育集团集团有限公司(纽约证券交易所股票代码：FHS)报告称，21财年上半年营收同比增长24.8%，至2.319亿元人民币(合3590万美元)。
  • 毛利润同比下降3.6%，至6230万元人民币(合960万美元)。毛利率收缩790个基点，至26.9%，收入成本增加39.9%。
  • 营业利润率为1.8%，本季度营业收入下降88.7%，至410万元人民币(合60万美元)。
  • 截至2021年6月30日，该公司持有人民币1.309亿元人民币(合2,030万美元)现金及现金等价物。
  • 该公司录得净亏损人民币(380万元)或人民币(60万美元)，而20财年上半年的收入为人民币3190万元。报告每股收益为人民币(0.05)。
  • 董事长兼首席执行官张少伟表示：“面对严峻的监管环境，我们将继续致力于通过进一步扩大运营来推动快速增长，同时提高现有学校的利用率。”
  • 价格行动：在周二的最后一次检查中，FHS的股价下跌了23.9%，至2.96美元。
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