01598 21CENTURY EDU
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21CENTURY EDU News
Double high growth earnings report reveals long-term driving factors. 21st Century Education (01598) has entered a critical point of value growth
In recent years, under the guidance of national policies, 21st century education has continued to be education-based and has accelerated transformation and upgrading around the main line of “new vocational education.” Now, judging from the 2023 financial report, it has been very effective, and the operation is gradually improving.
21世紀教育：有關股息分派建議之公告
21st Century Education (01598.HK) spent 17.4 million yuan to successfully compete for land use rights in Gaoyi County, Shijiazhuang City to build sports facilities at the new campus of Shijiazhuang Polytechnic Vocational College
Gelonghui, April 17, 丨 21st Century Education (01598.HK) announced that on April 17, 2024, Shijiazhuang Zerui successfully competed for land use rights for land located in Gaoyi County, Shijiazhuang City, Hebei Province, China. The cost was RMB 17.4 million, and signed a transaction confirmation with the Gaoyi County Public Resources Exchange Center as a result of successfully winning the bid. According to this, Shijiazhuang Zerui expects to sign a state-owned construction land use rights concession contract with the Gaoyi County Bureau of Natural Resources and Planning within 30 days after signing the transaction confirmation. The land is in the southern part of Wancheng Village, Wancheng Town, Gaoyi County, Shijiazhuang City, Hebei Province, China. The total land area is
It's Down 32% But China 21st Century Education Group Limited (HKG:1598) Could Be Riskier Than It Looks
China 21st Century Education Group Limited (HKG:1598) shareholders that were waiting for something to happen have been dealt a blow with a 32% share price drop in the last month. The drop over the
Profits surged by nearly 50%, opening up new growth space for 21st century education
21st century education opens up new room for growth! In 2023, the Group achieved revenue of approximately RMB 420 million, up about 34.7% year-on-year from RMB 310 million in 2022; profit for the year was approximately RMB 398.36 million (2022: approximately RMB 26.718 million), up about 49.1% year on year; the total number of full-time students was 27,662, up 15.8% from 23,888 in 2022.
Understand the 2023 annual results of 21st Century Education (1598.HK)
On the evening of March 28, 21st Century Education (1598.HK) announced the results for the year ended December 31, 2023. Let me take you to understand the specific results in a picture.
21st Century Education (01598) Announces 2023 Annual Results Steady Growth in Student Numbers Exploring a New Model of “Coexistence between Obstetrics and Education” in Vocational Education
On March 28, China 21st Century Education Group Co., Ltd. (“21st Century Education”, the “Company”, together with its subsidiaries, collectively referred to as the “Group”, stock code: 1598.HK), a well-known private education service provider in China, was pleased to announce the Group's audited annual results for the twelve months ended December 31, 2023 (“within the year” or “2023”). In 2023, the Group achieved revenue of approximately RMB 420 million, an increase of about 34.7% year-on-year compared to RMB 310 million in 2022; profit for the year was approximately RMB 398.36 million (2022: approximately
21CENTURY EDU: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023 AND AMENDMENT OF SHARE AWARD PLAN
21st Century Education (01598.HK) will hold a board meeting on March 28 to approve annual results
Gelonghui, March 18, 丨 21st Century Education (01598.HK) announced that the company will hold a board meeting on March 28, 2024 to review and approve the audited financial results of the company and its subsidiaries for the year ended 31 December 2023, and to consider proposals for payment of a final dividend (if any).
21CENTURY EDU: DATE OF BOARD MEETING
China 21st Century Education Forecasts Up to 50% Rise in 2023 Profit
China 21st Century Education Group (HKG:1598) expects an after-tax profit of between around 34.7 million yuan and 40.1 million yuan for the year 2023, up 30% to 50% from 26.7 million yuan in 2022, a M
21st Century Education Fa Yingxi expects annual net profit after tax to increase by 30% to 50%
21st Century Education (01598) announced that the company's net profit after tax for the year ended December 31, 2023 will be between approximately RMB 34.7 million and RMB 40.1 million, which is equivalent to a 30% to 50% increase over the company's net profit after tax of about RMB 26.7 million for the year ended December 31, 2022. The expected increase is mainly due to an increase in the number of students enrolled; Shijiazhuang Yuying Experimental Middle School merged into the Group throughout 2023; and a reduction in exchange margin losses.
GLONGHUI ANNOUNCEMENT SELECTION (HK Stocks) | CIMC Motors (01839.HK) plans to buy back all issued H shares at a premium of about 4.90% to resume trading tomorrow
[Today's Focus] CIMC Vehicles (01839.HK) has issued an announcement to buy back all issued H shares tomorrow (01839.HK) at a premium of about 4.90%. The company held a board meeting on March 11, 2024. The board of directors has decided to make an H share repurchase offer while complying with the provisions of the Takeover Code, Share Repurchase Code and Listing Rules to repurchase all issued H shares (with the exception of holders of CIMC Group and its co-operating parties). If the H share repurchase offer becomes unconditional in all aspects, all H shares repurchased will be cancelled, and the company's registered capital will be reduced accordingly, and
21st Century Education (01598.HK) Yingxi: Expected annual net profit after tax is about 34.7 million to 40.1 million yuan
On March 11, Ge Longhui | 21st Century Education (01598.HK) announced that the company's net profit after tax for the year ended December 31, 2023 is expected to be approximately RMB 34.7 million to RMB 40.1 million, which is equivalent to an increase of 30% to 50% over the company's net profit after tax of approximately RMB 26.7 million for the year ended December 31, 2022. The expected increase is mainly due to: (1) the increase in the number of students enrolled; (2) the merger of Shijiazhuang Yuying Experimental Middle School into the Group throughout 2023; and (3) the reduction in exchange margin losses.
21CENTURY EDU: POSITIVE PROFIT ALERT
Guotai Junan: Clear supply, promote transformation, lead education and training, and start restoration
Guotai Junan released a research report saying that the education and training sector is steadily returning to standardized development, focusing on the release of performance and boosting valuation. With the gradual introduction of rules at the executive level, clarification of penalty rules and supervisory subjects, and gradual entry into normalized classification and supervision; the education industry is stabilizing and trending upward. Currently, it has strong and scarce operational resilience, and sector valuations are expected to be boosted.
China 21st Century Education's Operating Entity Sells Assets for 50 Million Yuan in Sale-Leaseback Deal
Shijiazhuang Institute of Technology, an operating entity of China 21st Century Education Group (HKG:1598) in China, will sell assets to Shanghai Guojin Financial Leasing for a consideration of 50 mil
Some education stocks rose 4.35% to Good People's Livelihood Education (01569). Institutions say the education and training industry has clear regulatory policies
Jinwu Financial News | Some education stocks improved. Minsheng Education (01569) rose 4.35%, Alliance International Education Leasing (01563) rose 2.78%, Zhonghui Group (00382) rose 2.09%, China Xinhua Education (02779) rose 1.92%, and 21st Century Education (01598) rose 1.82%. In addition, Maple Leaf Education (01317), Hope Education (01765), and Thinking Music Education (01769) followed suit. The Galaxy Securities Research Report said that the current regulatory policy framework for China's education and training industry is quite complete, and the boundaries and framework for standardized development of the industry
China 21st Century Education Sells Learning Equipment for 35 Million Yuan in Leaseback Deal
China 21st Century Education Group (HKG:1598) subsidiary Shijiazhuang Institute of Technology sold teaching and learning equipment to Changjiang United Financial Leasing for 35 million yuan under a sa
21st Century Education: Shijiazhuang Polytechnic Vocational College and Changjiang jointly enter into a financing, sale-sale and leaseback agreement
21st Century Education (01598) announced that on December 19, 2023, the tenant Shijiazhuang Polytechnic Vocational College and the lessor Changjiang Joint Financial Leasing Co., Ltd. signed a financial after-sales leaseback agreement. The lessor should purchase leased assets from Shijiazhuang Polytechnic Vocational College at a total cost of RMB 35 million; and the lessor agreed to lease the leased assets back to Shijiazhuang Polytechnic Vocational College for a period of 36 months. The total rental payment is estimated to be about RMB 38.99 million (excluding the repurchase cost of RMB 100 million), and the first instalment payment to the lessor Payment for the 3rd month after payment
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