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
- 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。