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2021-06-28

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IPO News | China General Education Group passed the hearing of the Hong Kong Stock Exchange, and the initial employment rate of college graduates in the 2018/2019 academic year exceeded 90%

中国通才教育集团是中国山西省领先的民办高等教育机构。于2017/2018及2018/2019学年，学院毕业生的初次就业率分别达至约94.2%及90.8%。相反，根据弗若斯特沙利文报告，相同学年中国高等教育毕业生的整体初次就业率明显较低，分别约为78.2%及78.2%。收益由截至2019年12月31日止四个月的人民币1.11亿元减少至截至2020年12月31日止四个月的人民币1.10亿元。

IPO News | China General Education Group passed the hearing of the Hong Kong Stock Exchange, and the initial employment rate of college graduates in the 2018/2019 academic year exceeded 90%

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According to the Frost & Sullivan Report, the company ranks first among all private higher education institutions in Shanxi Province in terms of the total number of full-time student enrollments, with a market share of 15.6% in the 2020/2021 academic year.</p><p>During the Track Record Period and as of the Latest Practicable Date, the Company operated one college, namely Shanxi Technology and Business College, in Taiyuan, Shanxi Province, the PRC. In 2011, the college was approved by the Ministry of Education to be upgraded to the first private undergraduate college in Shanxi Province. Since then, the company has continued to develop the college with its good reputation and extensive professional knowledge established in the private higher education sector.</p><p>As at the Latest Practicable Date, the College offered bachelor's degree programs to undergraduate students with a total of 36 majors and three professional tracks, including accounting, auditing, civil engineering and business administration.</p><p>The company focuses on providing applied courses to enable students to master practical skills related to their careers; Continuously optimize the curriculum and practical training plans to provide students with practical skills at any time; There are compulsory and elective courses in entrepreneurship and innovation related subjects, and various opportunities for students to hone their business skills; Meaningful collaboration with private industry companies, ranging from jointly developing and delivering the entire curriculum, building training bases in the campus to simulating the working environment, to inviting industry experts and guest lecturers and assisting in arranging internship training opportunities for students, enhancing the application-oriented curriculum. The company believes that by focusing on the development of advanced and career-oriented skills, college students can be more favored by potential employers.</p><p>The total number of students enrolled in the College has increased from approximately 8,000 students in the 2011/2012 academic year to over 17,000 students in the 2020/2021 academic year. In the 2017/2018 and 2018/2019 academic years, the initial employment rate of college graduates reached approximately 94.2% and 90.8% respectively. On the contrary, according to the Frost & Sullivan Report, the overall initial employment rate of higher education graduates in China in the same academic year was significantly lower, approximately 78.2% and 78.2%, respectively.</p><p>Competitive Advantage</p><p>The following competitive advantages are the key to the company's success and will continue to set the company apart from its competitors: (1) Shanxi Province's leading private higher education institution with a long history, impressive growth achievements and extensive industrial experience; (2) Applied curriculum, focusing on teaching practical skills, so that students are ready to enter the workplace at any time; (3) actively cooperate with companies in various industries through joint curriculum portfolio design, student cultivation and practical training programs; (4) in a favorable position to benefit from the increasing market demand for private higher education and technical talents in Shanxi Province; (5) An experienced, stable and perfect management team with good track record and high-quality teachers with extensive teaching experience.</p><p>FINANCIAL</p><p>According to the prospectus, the company's revenue remained generally stable during the track record period. Slightly decreased from RMB267 million for the year ended 31 August 2018 to RMB266 million for the year ended 31 August 2019 and increased to RMB271 million for the year ended 31 August 2020. Revenue decreased from RMB111 million for the four months ended December 31, 2019 to RMB110 million for the four months ended December 31, 2020.</p><p>For the three years ended August 31, 2018, 2019 and 2020 and the four months ended December 31, 2019 and 2020, the company's gross profits were 171 million yuan, 158 million yuan, 164 million yuan, and 164 million yuan respectively. 65 million yuan, 64 million yuan. During the same period, the company's net profits were 148 million yuan, 138 million yuan, 143 million yuan, 58 million yuan, and 51 million yuan respectively.</p><p><img src=\"https://img.zhitongcaijing.com/image/20210628/1624883609552173.png?x-oss-process=image/format,jpg/quality,Q_90\" title=\"1624883609552173.png\"/></p><p>Purpose of fundraising</p><p>The company plans to continue to expand its business and school network, and plans to adopt the following business strategies: (1) build new facilities, increase the capacity and number of students of the college, and improve the teaching and living environment; (2) expansion of operations through acquisition; (3) further improve and enrich the curriculum portfolio and curriculum design, and continue to provide practical training for students; (4) Expand the scope of education services to capture more growth opportunities; (5) Continue to build and improve a high-quality teaching team.</p><p></body></html></p>","source":"stock_zhitongcaijing","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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}\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIPO News | China General Education Group passed the hearing of the Hong Kong Stock Exchange, and the initial employment rate of college graduates in the 2018/2019 academic year exceeded 90%\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经</strong><span class=\"h-time small\">2021-06-28 20:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><body>Zhitong Finance APP learned that according to the Hong Kong Stock Exchange's disclosure on June 28, China General Education Group Co., Ltd. passed the listing hearing on the main board of the Hong Kong Stock Exchange.<a href=\"https://laohu8.com/S/01788\">Guotai Junan International</a>Is the Sole Sponsor.</p><p><img src=\"https://img.zhitongcaijing.com/image/20210628/1624883582530917.png?x-oss-process=image/format,jpg/quality,Q_90\" title=\"1624883582530917.png\"/></p><p>China Tongcai Education Group is a leading private higher education institution in Shanxi Province, China. According to the Frost & Sullivan Report, the company ranks first among all private higher education institutions in Shanxi Province in terms of the total number of full-time student enrollments, with a market share of 15.6% in the 2020/2021 academic year.</p><p>During the Track Record Period and as of the Latest Practicable Date, the Company operated one college, namely Shanxi Technology and Business College, in Taiyuan, Shanxi Province, the PRC. In 2011, the college was approved by the Ministry of Education to be upgraded to the first private undergraduate college in Shanxi Province. Since then, the company has continued to develop the college with its good reputation and extensive professional knowledge established in the private higher education sector.</p><p>As at the Latest Practicable Date, the College offered bachelor's degree programs to undergraduate students with a total of 36 majors and three professional tracks, including accounting, auditing, civil engineering and business administration.</p><p>The company focuses on providing applied courses to enable students to master practical skills related to their careers; Continuously optimize the curriculum and practical training plans to provide students with practical skills at any time; There are compulsory and elective courses in entrepreneurship and innovation related subjects, and various opportunities for students to hone their business skills; Meaningful collaboration with private industry companies, ranging from jointly developing and delivering the entire curriculum, building training bases in the campus to simulating the working environment, to inviting industry experts and guest lecturers and assisting in arranging internship training opportunities for students, enhancing the application-oriented curriculum. The company believes that by focusing on the development of advanced and career-oriented skills, college students can be more favored by potential employers.</p><p>The total number of students enrolled in the College has increased from approximately 8,000 students in the 2011/2012 academic year to over 17,000 students in the 2020/2021 academic year. In the 2017/2018 and 2018/2019 academic years, the initial employment rate of college graduates reached approximately 94.2% and 90.8% respectively. On the contrary, according to the Frost & Sullivan Report, the overall initial employment rate of higher education graduates in China in the same academic year was significantly lower, approximately 78.2% and 78.2%, respectively.</p><p>Competitive Advantage</p><p>The following competitive advantages are the key to the company's success and will continue to set the company apart from its competitors: (1) Shanxi Province's leading private higher education institution with a long history, impressive growth achievements and extensive industrial experience; (2) Applied curriculum, focusing on teaching practical skills, so that students are ready to enter the workplace at any time; (3) actively cooperate with companies in various industries through joint curriculum portfolio design, student cultivation and practical training programs; (4) in a favorable position to benefit from the increasing market demand for private higher education and technical talents in Shanxi Province; (5) An experienced, stable and perfect management team with good track record and high-quality teachers with extensive teaching experience.</p><p>FINANCIAL</p><p>According to the prospectus, the company's revenue remained generally stable during the track record period. Slightly decreased from RMB267 million for the year ended 31 August 2018 to RMB266 million for the year ended 31 August 2019 and increased to RMB271 million for the year ended 31 August 2020. Revenue decreased from RMB111 million for the four months ended December 31, 2019 to RMB110 million for the four months ended December 31, 2020.</p><p>For the three years ended August 31, 2018, 2019 and 2020 and the four months ended December 31, 2019 and 2020, the company's gross profits were 171 million yuan, 158 million yuan, 164 million yuan, and 164 million yuan respectively. 65 million yuan, 64 million yuan. During the same period, the company's net profits were 148 million yuan, 138 million yuan, 143 million yuan, 58 million yuan, and 51 million yuan respectively.</p><p><img src=\"https://img.zhitongcaijing.com/image/20210628/1624883609552173.png?x-oss-process=image/format,jpg/quality,Q_90\" title=\"1624883609552173.png\"/></p><p>Purpose of fundraising</p><p>The company plans to continue to expand its business and school network, and plans to adopt the following business strategies: (1) build new facilities, increase the capacity and number of students of the college, and improve the teaching and living environment; (2) expansion of operations through acquisition; (3) further improve and enrich the curriculum portfolio and curriculum design, and continue to provide practical training for students; (4) Expand the scope of education services to capture more growth opportunities; (5) Continue to build and improve a high-quality teaching team.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.zhitongcaijing.com/content/detail/502844.html\">智通财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/87ef4dae3512ff217ecc4be6b484930e","relate_stocks":{"01981":"华夏控股","CYB":"人民币ETF-WisdomTree Dreyfus"},"source_url":"http://www.zhitongcaijing.com/content/detail/502844.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146683516","content_text":"智通财经APP获悉，据港交所6月28日披露，中国通才教育集团有限公司通过港交所主板上市聆讯，国泰君安国际为独家保荐人。中国通才教育集团是中国山西省领先的民办高等教育机构。根据弗若斯特沙利文报告，按全日制学生收生总数计，公司在山西省所有民办高等教育机构中排名第一，于2020/2021学年的市场份额为15.6%。于往绩记录期内及截至最后实际可行日期，公司在中国山西省太原市经营一所学院，即山西工商学院。于2011年，本学院获教育部批准升格为山西省第一所民办本科学院。自此，公司凭借于民办高等教育界建立的良好声誉及广博的专业知识持续发展学院。于最后实际可行日期，学院向本科生提供学士学位项目，共有36个专业及三个专业方向，其中包括会计学、审计学、土木工程及工商管理等。公司专注于提供应用型课程，让学生掌握与职业相关的实用技能；持续优化课程设置及实训计划，为学生提供随时可实践应用的技能；于创业创新相关科目设有必修及选修课程，并为学生提供各种磨练商业技能的机会；与私营产业公司展开具意义的合作，从联合制定及交付整个课程，并在校区兴建模拟工作环境的培训基地，以至邀请行业专家及客座讲师并协助为学生安排实习实训机会，借此增强应用型课程设置。公司相信，通过集中发展进阶、职业为本的技能，可让学院学生更受潜在雇主青睐。学院收生总数从2011/2012学年的约8,000名学生增至 2020/2021学年的逾17,000名学生。于2017/2018及2018/2019学年，学院毕业生的初次就业率分别达至约94.2%及90.8%。相反，根据弗若斯特沙利文报告，相同学年中国高等教育毕业生的整体初次就业率明显较低，分别约为78.2%及78.2%。竞争优势以下竞争优势是公司赖以成功的关键，并将继续使公司从芸芸竞争对手中脱颖而出：（1）山西省领先的民办高等教育机构，历史悠久，增长成绩骄人，且拥有丰富产业经验；（2）应用型课程设置，专注教授实用技能，让学生做好随时步入职场的准备；（3）透过联合课程组合设计、学生培育及实训计划，积极与各行各业公司合作；（4）处于有利位置，受惠于山西省对民办高等教育和技术人才的市场需求日增；（5）有良好往绩记录的经验丰富、稳定完善的管理团队和具有广泛教学经验、高质量的教师。财务状况招股书显示，公司收益于往绩记录期大致保持稳定。由截至2018年8月31日止年度的人民币2.67亿元轻微减少至截至2019年8月31日止年度的人民币2.66亿元，并增至截至2020年  8月31日止年度的人民币2.71亿元。收益由截至2019年12月31日止四个月的人民币1.11亿元减少至截至2020年12月31日止四个月的人民币1.10亿元。截至2018年、2019年及2020年8月31日止三个年度以及截至2019年及2020年12月31日止四个月，公司毛利润分別为1.71亿元、1.58亿元、1.64亿元、0.65亿元、0.64亿元。于相同期间，公司净利润分別为1.48亿元、1.38亿元、1.43亿元、0.58亿元、0.51亿元。募资用途公司拟继续扩大业务及学校网络，计划采用以下业务策略：（1）建设新设施，提高本学院的可容纳人数和学生数目并改善教学及生活环境；（2）通过收购扩张营运；（3）进一步改善及丰富课程组合设置及课程设计，并继续为学生提供实训；（4）扩大教育服务范围以把握更多增长机会；（5）持续建设及完善高质量的教学团队。","news_type":1,"symbols_score_info":{"CYB":0.6,"01981":0.66}},"isVote":1,"tweetType":1,"viewCount":1733,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":3,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}