(March 26, 2024, Hong Kong) The board of directors of Neusoft Education Technology Co., Ltd. (“Neusoft Education” or the “Company”, together with its subsidiaries, the “Group”; stock code: 9616.HK) is pleased to announce the 2023 results.
In 2023, Neusoft Education will follow the development trend of informatization, digitalization and intelligence in education in China, continue to implement a high-quality contextual development route, build a characteristic 4S product service system, improve the quality of digital talent training for college customers, and provide diversified services for institutional customers and learners for lifelong learning and skill improvement. Various businesses maintained steady development, and achieved annual revenue of about RMB 1,806 billion, an increase of 16.6%; gross profit of about RMB 865 million, an increase of 29.7% year on year; company owners should account for about 429 million yuan in adjusted net profit compared to year An increase of 12.6%; basic profit per share was RMB 0.66, an increase of 11.9% over the previous year. The dividend ratio was greatly increased in 2023, and the dividend per share increased 121.8% year over year to HK36.6 cents.
Continue to deepen the integration of obstetrics and education, innovate the steady development of academic education business
In 2023, the comprehensive strength and brand influence of the three universities operated by Neusoft Education was further enhanced, attracting more high-quality students while maintaining a high registration rate. By the end of 2023, the total number of students enrolled in the three schools was nearly 57,000, an increase of about 7.5% over the same period in 2022, reaching another record high. In 2023, Dalian University once again won the first prize of the National Vocational Education Teaching Achievement Award, and is the only first prize of the National Teaching Achievement Award received by Liaoning Province in the field of vocational education. Furthermore, according to data released by the education administration department's employment management system, as of the end of 2023, the implementation rate of the 2023 graduation destination of Dalian University and Chengdu University both exceeded 95%, and the graduation destination implementation rate for 2023 graduates of Guangdong University reached 90%, once again demonstrating Neusoft Education's continuous high-quality contextual development and innovative industry-education integration achievements.
Technological empowerment provides strong support for the “two-wing business”, increasing both quality and efficiency
In 2023, in line with the trend of digital transformation in education, the Group developed a series of digital education products, with technology empowering education as the main line, and based on more than 20 years of experience in the IT field, to form a comprehensive characteristic 4S product matrix from platform to content, from software to hardware, providing strong support for the expansion of the two wings of the business.
During the reporting period, the first metaverse smart health future education platform was released, a special training product serving competition standards - the Neusoft Smart Training System series software series was launched, and received widespread attention from dozens of domestic universities. On the basis of integrating and upgrading the original training room, various training rooms such as driverless training rooms, e-commerce big data training rooms, and transportation big data training rooms have been released, forming 23 smart training room products for ten major professional fields such as computers, artificial intelligence, health care, big data, Internet of Things, software development, intelligent applications, and metaverse, to provide customers with integrated practical training solutions. In addition, Neusoft Education gave full play to the advantages of the OMO education model and developed and launched multiple online education platforms, including Neusoft Education Online and Neusoft IT Cloud Academy, to build an “online course+practical training+employment and entrepreneurship” online and offline education ecosystem. As of December 31, 2023, Neusoft Education Online had more than 1.7 million registered users and more than 150,000 course learning users.
Relying on the characteristic 4S product service system, the 2023 education resource export business sold 112 sets of education and teaching platforms and 19 sets of training room products and supporting teaching content to 104 colleges and institutions during the reporting period; in addition, the company deepened large-scale and high-profit professional co-construction cooperation and launched industrial college and professional co-construction cooperation with 62 institutions, covering a total of 280 cooperative projects, covering about 24,000 students.
In 2023, the Group further expanded its continuing education service business. The 2B training business has obtained more than 70 national, provincial and municipal training base qualifications, and implemented 166 2B training programs for 70 institutions in 20 provincial regions across the country, covering about 25,000 students, and the number of participants has tripled from 2022. Continue to expand the 2C training business brand coverage and online and offline delivery methods. The number of trainers is about 25,000 people throughout the year. In addition, in 2023, it was successfully approved as the first batch of pilot units for the construction of national universities for the elderly and co-construction units for national universities for the elderly.
Policy support is being strengthened, and the future prospects of the industry can be expected
While the country is vigorously implementing strategic actions to digitize education and vocational education has ushered in many favorable policies, the “silver hair economy” has grown rapidly, spawning a broad market space for health care and geriatric education. Facing the future, the Group will continue to build a new integrated development ecosystem of “education+technology+medical care”, and is committed to becoming a leading education and health technology innovation service provider in China. Strengthen the “all-in-one” academic education business, improve the quality of running schools, cultivate high-quality applied digital talents with a sense of social responsibility, innovative spirit, international vision and strong practical ability; expand the “two wings”, that is, education resource export business and continuing education services, and build a 2B/2C integrated smart education platform, digital creative platform, and smart health care platform; innovate and improve products and service solutions based on the 4S service model to develop and optimize the two wings of education resource content Large-scale business development; actively expand the geriatric education and geriatric rehabilitation business fields, closely integrate the individual needs of the elderly in the fields of learning, social networking, health, etc., create a characteristic “LIFECARES” new model of geriatric education, and form an innovative ecosystem with a high degree of interaction, sharing and integration of teaching, medicine, and nursing.