2022-09-27-港交所-民生教育_2022中期报告_82页_2mb

Company Overview: Minsheng Education Group Company Limited (Stock Code: 1569) is a leading "Internet+" vocational education group in China, focusing on providing comprehensive vocational education services.

Strategic Direction: Continues to grow as the "Internet+" vocational education market share, integrates online and offline resources, and focuses on high-quality vocational education services.

Financial Performance: For the six months ended 30 June 2022, revenue increased by approximately 2.9% to RMB1,274.0 million, while profit for the period decreased by approximately 10.3% to RMB349.1 million. The decrease in profit was mainly attributed to higher sales and administrative expenses during the reporting period.

Business Layout: The Group has nine main business sectors: online education services, campus education, vocational capability improvement, human resources and employment, education informatization services, examination and evaluation, management and promotional education services, and international education. It operates through over 1,900 learning centers across 31 provinces in China.

Largest Businesses:

• Online Education Services: Provided through Open Education and Minsheng Online.
• On-Campus Education: Polishing animal school network and application-oriented colleges in China.
• HR & Employment: Services offered via Xiaoai Technology, human resource management, and career development.
• International Education: Business development and investment through MOOC China.

Future Outlook: Han Sheng Education plans to continue focusing on national vocational education, technological empowerment, improving the quality of vocational education, and promoting online and offline integration to achieve sustainable growth.

Management Discourse Highlights: Leadership in the vocational education sector, focus on policy updates, plans for future expansion, HR and financial performance review, and corporate governance.