Gelonghui, April 24, 丨 New Higher Education Group (02001.HK) announced that for the six months ended February 29, 2024, the Group's main revenue increased 13.8% year on year to RMB 1,311 billion, and net profit to mother increased 10.6% year on year to RMB 432 million. The Group will maintain cash dividends for the 2023/2024 fiscal year. It will adopt an annual dividend payment method and maintain a dividend payout ratio of 50%.
In the 2023/2024 school year, the total number of students enrolled in the Group's schools was about 140,000. The number of new students increased by 2.7% over the same period last year. The student structure was further optimized, the proportion of undergraduate students continued to increase, and the share of undergraduate students increased by 3.4 percentage points. In addition, the enrollment ratio of the Group's colleges and universities across provinces has increased dramatically, and enrollment continues to expand in large provinces and economically developed regions. The admission score line continues to rise, brand competitiveness continues to increase, and the high-quality development strategy is progressing steadily.
High quality full employment is rising steadily. As of December 31, 2023, the implementation rate for the 2023 final graduation destination was 96.97%, maintaining a high level of employment for four consecutive years. The proportion of high-quality employees reached 27.76%, an increase of 5.8 percentage points over the same period last year. Among them, the number of people employed by famous enterprises increased by 88.06%.