Build “Education+Technology+Medical”Integrated Integration Development New Ecology
Hong Kong, March 28, 2024 /Mainstream Community/ -- Tung Shuk Education Technology Co., Ltd.（”Tung Sok Education” or”firms”, together with the common names of its subsidiaries”syndicated”; Stock Code:9616.HK) The Board of Directors is pleased to announce the 2023 results.
In 2023, Dongsoft Education follows China's educational information, digitalization, and intelligent development trends, and continues to pursue a high-quality contextual development path, build a distinctive 4S product service system, develop digital talent for school customers and provide lifelong learning and skills improvement for institutional customers and learners Diversified services, all businesses maintained steady growth, achieving revenues of approximately RMB18.06 billion for the year, up 16.6% year-on-year; gross profit of RMB8.65 million, up 29.7% year-on-year; Company owners accounted for an adjusted net profit of approximately RMB 4.29 billion, YoY +12.6%; basic earnings per share of RMB0.66, up 11.9% year-on-year. Significantly increased the dividend ratio in 2023, and the dividend per share increased by 121.8% year-on-year to HK36.6 cents.
Continuous deepening of innovation in education integration Stable development of education and training business
In 2023, the combined strength and brand impact of Dalian, Chengdu and Guangdong three universities in Dalian, Chengdu and Guangdong are further enhanced, while attracting more high-quality living environments, with a total enrollment of nearly 5.7 million students at the end of 2023, an increase of approximately 7.5% compared to the same period in 2022, reaching a new all-time high. In 2023, Dalian College was again awarded the National First Prize in Vocational Education Teaching Achievement Award, and the only national teaching achievement award in the field of vocational education in Liaoning Province this year. In addition, the data released from the Employment Management System of the Education Administration Department, as of the end of 2023, the 2023 graduation rate of Dalian College and Chengdu College exceeded 95%, and the 2023 graduates of Guangdong College reached 90%, again highlighting the continuous high-quality internal development and innovation of Dongsoft education. The academic results of the integration of new children and children.
Empowering technology to provide powerful supportDoubling the Quality and Efficiency of “Two-Wing Business”
In 2023, in line with the digital transformation trend of education, the Group developed a series of digital education products to form a comprehensive matrix of distinctive 4S products, from platform to content and software to hardware, building on the accumulation of over twenty years of study and practice in the IT field. The expansion of the project provides strong support.
During the reporting period, the first metaverse intelligent wellness future education platform was released, a specialized training product that served the competition standard - the Tung Shuk Chi Hui Training System series software, and gained wide attention from dozens of universities in the country. ON THE BASIS OF THE INTEGRATION OF UPGRADED ORIGINAL LABORATORIES, NEW DRONE LABS, E-COMMERCE BIG DATA LABORATORIES, TRAFFIC BIG DATA LABORATORIES, ETC. HAVE BEEN RELEASED TO FORM TEN SPECIALTIES FOR COMPUTING, ARTIFICIAL INTELLIGENCE, HEALTH CARE, BIG DATA, INTERNET OF THINGS, SOFTWARE DEVELOPMENT, SMART APPLICATIONS, META-UNIVERSE, AND MORE 23 industry-oriented smart lab products to provide customers with integrated hands-on training solutions. In addition, Tung Sok Education is taking full advantage of the OMO education model by developing and launching multiple online education platforms based on Tung Sok Education Online and Tung Sok IT Cloud School to build an online offline education ecosystem of “online curriculum+practical training+career start-up”. As of December 31, 2023, Tung Soft Education Online Cumulative registered users exceed 170 million and course learners more than 15 million.
Building on the unique 4S product service system, the Education Resource Export business sold 112 educational teaching platforms and 19 laboratory products and ancillary teaching content to 104 schools and institutions during the reporting period. In addition, the company deepened large-scale, high-yield professional co-production with 62 institutions VOCATIONAL SCHOOLS AND PROFESSIONALS COOPERATE. THE TOTAL NUMBER OF COOPERATION PROJECTS IS 280, COVERING APPROXIMATELY 2.4 MILLION STUDENTS.
IN 2023, THE GROUP DEEPENED ITS CONTINUING EDUCATION SERVICES BUSINESS. THE 2B TRAINING BUSINESS HAS ACCUMULATED OVER 70 NATIONAL, PROVINCIAL AND MUNICIPAL TRAINING BASE QUALIFICATIONS. IT HAS IMPLEMENTED 166 2B TRAINING PROJECTS FOR 70 INSTITUTIONS IN 20 PROVINCIAL REGIONS ACROSS THE COUNTRY, COVERING APPROXIMATELY 2.5 MILLION TRAINEES, MORE THAN 3 TIMES THE NUMBER OF STUDENTS IN 2022. Continuous expansion of 2C training business brand radiation and online offline delivery, with approximately 2.5 million trainees annually. In addition, it was successfully approved as the first batch of National Senior University Construction Pilot Unit and National Senior University Co-Building Unit in 2023.
POLICY GRAFT CODING Industry Prospects Future Expectancy
The “silver hair economy” is growing rapidly, giving rise to a wide range of market space for wellness and older education, while the country's strong digital strategy action and vocational education have brought many policy benefits. Looking to the future, the Group will continuously build a new ecosystem of “Education+Technology+Medical” integrated and integrated development, aiming to become a leading provider of innovative services in education and health technology in China. To do a strong “one-stop” education business, improve the quality of office work and cultivate high-quality application-based digital talent with a sense of social responsibility, innovation, international vision and stronger practical abilities by building a strong professional cluster focused on “IT+Digital Media+Smart Wellness”; to be a big “two-winged” Education resource export business and continuing education services, creating 2B/2C integrated smart education platforms, digital creative platforms and smart wellness platforms, innovating and perfecting products and service solutions based on 4S service models, and optimizing various educational resource content, driving two-way business SCALE DEVELOPMENT; ACTIVELY EXPAND THE AREAS OF SENIOR EDUCATION AND ELDERLY WELLNESS BUSINESS, CLOSELY COMBINING THE PERSONALIZED NEEDS OF OLDER PEOPLE IN LEARNING, SOCIAL, HEALTH, ETC., TO CREATE A NEW MODEL OF “LIFECARES” ELDER EDUCATION, CREATING AN INNOVATIVE ECOSYSTEM OF HIGHLY INTERACTIVE, SHARED AND INTEGRATED TEACHING, MEDICAL AND NURTURING.
Contact: Lin Wei, weilin@neuedu.com