[Domestic]
New Oriental repurchased bonds with a total principal amount of approximately US$256 million
A few days ago, New Oriental issued an announcement stating that it would further repurchase bonds. According to the announcement, as of August 29, 2022, the total principal amount of bonds it has repurchased totaled approximately US$256 million, accounting for approximately 85.3% of the initial principal amount of bonds. The announcement stated that New Oriental will cancel the repurchased bonds in accordance with the terms of the bonds, the trust deed and the agency agreement. After the repurchased bonds are canceled, the outstanding principal amount of the bonds will be US$44.203 million, accounting for approximately 14.7% of the initial principal amount of the bonds.
Xueda Education : H1 revenue in 2022 was 1.057 billion yuan, a year-on-year decrease of 33.2%
A few days ago, Xueda Education released its 2022 semi-annual performance report. During the reporting period, Xueda Education achieved revenue of 1.057 billion yuan, a decrease of 33.2% from 1.582 billion yuan in the same period last year. Xueda Education stated that the revenue decline was mainly due to the " double reduction " policy during this reporting period and the repeated impact of the epidemic, which had an adverse impact on its performance. Operating costs were 734 million yuan, a decrease of 29.97% from 1.049 billion yuan in the same period last year. Selling expenses were 57.712 million yuan, a decrease of 53.76% from 125 million yuan in the same period last year. The net profit attributable to shareholders of the listed company was 46.553 million yuan, a decrease of 57.98% from 111 million yuan in the same period last year.
All Access Education: H1 revenue in 2022 is 245 million yuan, a year-on-year decrease of 11.15%
A few days ago, All Access Education released its 2022 semi-annual performance report. During the reporting period, Quantong Education achieved revenue of 245 million yuan, a decrease of 11.15% from 276 million yuan in the same period last year. The net profit attributable to shareholders of the listed company was 5.351 million yuan, a decrease of 30.79% from 7.731 million yuan in the same period last year. Net cash outflow from operating activities was 65.182 million yuan, compared with 53.144 million yuan in the same period last year. As of the end of the reporting period, the total assets of Quantong Education totaled 1.053 billion yuan, a decrease of 17.68% from 1.279 billion yuan in the same period last year. Net assets attributable to shareholders of listed companies were 670 million yuan, an increase of 0.48% from 6.67 in the same period last year.
Dashan Education : H1 revenue in 2022 was 9.874 million yuan, a year-on-year decrease of 95.4%
A few days ago, Dashan Education released its 2022 interim performance report. During the reporting period, Dashan Education achieved revenue of 9.874 million yuan, a decrease of 95.4% from 216 million yuan in the same period last year. The sales cost of and was 10.268 million yuan, compared with 133 million yuan in the same period last year. Sales and marketing expenses were 604,000 yuan, compared with 5.784 million yuan in the same period last year. Administrative expenses were 10.276 million yuan, compared with 35.831 million yuan in the same period last year. The loss during the period was 1.313 million yuan, compared with a profit of 18.665 million yuan in the same period last year. Dashan Education said that during the reporting period, the group began to provide extracurricular quality-oriented activities for children and teenagers, transformed existing self-operated teaching centers and established new self-operated teaching centers, including sports and art extracurricular personal quality training centers. In the first half of 2022, approximately 1,697 students were enrolled in extracurricular personal quality courses.
BOE : H1 revenue in 2022 was 91.61 billion yuan, a year-on-year decrease of 15.66%
A few days ago, BOE released its 2022 semi-annual performance report. During the reporting period, BOE achieved revenue of 91.610 billion yuan, a decrease of 15.66% from 108.618 billion yuan in the same period last year. According to business division, BOE's display device revenue was 82.642 billion yuan, a year-on-year decrease of 17.89%, accounting for 90.21% of revenue; Internet innovation business revenue was 13.491 billion yuan, a year-on-year increase of 1.27%, accounting for 14.73% of revenue; Sensor and solution revenue is 1 .04 billion yuan, a year-on-year increase of 30.97%, accounting for 0.11% of revenue; MLED revenue was 412 million yuan, a year-on-year increase of 50.15%, accounting for 0.45% of revenue; smart medical industry revenue was 1.044 billion yuan, year-on-year An increase of 20.86%, accounting for 1.14% of revenue. Regarding the year-on-year decline in revenue data, the company stated that during the reporting period, the semiconductor display industry continued to hover at a low level, the prices of major panel products fell, and the company's operating income declined. Operating costs were 74.499 billion yuan, a decrease of 1.22% compared with the same period last year. Among them, sales expenses were 1.862 billion yuan, a year-on-year decrease of 18.87%; administrative expenses were 2.949 billion yuan, a year-on-year decrease of 9.15%; financial expenses were 654 million yuan, a year-on-year decrease of 62.80%. Net profit attributable to shareholders of listed companies was 6.596 billion yuan, a year-on-year decrease of 48.94% from 12.917 billion yuan in the same period last year. Net assets attributable to shareholders of listed companies were 143.332 billion yuan, an increase of 0.16% from 143.086 billion yuan in the same period last year.
Xueda Education plans to set up a vocational education platform with 300 million yuan
A few days ago, Xueda Education issued an announcement stating that from 2021 to the present, the "Opinions on Promoting the High-Quality Development of Modern Vocational Education" and "Regulations on the Implementation of the Private Education Promotion Law (2021 Revision)" Vocational Education Law of the People's Republic of China (2022 Revision) and other laws, regulations and normative documents have been promulgated one after another. The state encourages enterprises to organize vocational education and encourages industry leaders to take the lead in establishing national vocational education groups and promote physical operations. In line with the strategic needs of diversified layout, Xueda (Xiamen) Education Technology Group Co., Ltd. plans to accelerate the layout of vocational education, vocational training and other educational fields while operating existing businesses in compliance with regulations, and plans to invest RMB 300 million in cash. Establish a wholly-owned vocational education platform company to continue to enhance the company's comprehensive competitiveness and future sustainable development momentum.
Xiaotiancai apologized: All non-compliant applications were removed from the shelves
According to the official WeChat account of the Beijing Consumers Association, Xiaocaitian Company recently issued an apology to Beijing Consumers Association, Tianjin Consumers Association, and Hebei Provincial Consumer Rights Protection Committee. Submit a "report on relevant rectification suggestions" and issue a status notice. Xiaotiancai said that it has conducted an in-depth self-examination and has taken a zero-tolerance attitude towards removing all non-compliant applications from the App Store. On this basis, we will continue to strengthen application security management by improving relevant internal audit system processes and resolutely implement platform supervision responsibilities.
Haitian Education was fined for lying about cooperating with universities in Hong Kong and Macao
Tianyancha App shows that recently, Beijing Haitian Education Technology Co., Ltd. was fined 200,000 by the Beijing Haidian District Market Supervision and Administration Bureau for violating the Anti-Unfair Competition Law. The reason for the punishment showed that law enforcement officers found that in the Hong Kong and Macao postgraduate module of the party's website, there was a slogan "Haitian Education maintains long-term strategic cooperation with many universities." The party stated that it had signed a cooperation agreement with the client, and he was responsible for completing the tasks for Hong Kong and Macao universities. Regarding cooperation with the company, I wrote this sentence on the official website, but later the cooperation was not implemented. The parties’ above-mentioned promotional slogans that are inconsistent with the actual situation may mislead consumers, damage the legitimate rights and interests of other operators or consumers, and may also disrupt the order of market competition.
Ministry of Education: Over the past ten years, the total amount of student financial aid nationwide has exceeded 2 trillion
htmlOn August 30, the Ministry of Education held a press conference to introduce the results of the reform and development of student financial aid since the 18th National Congress of the Communist Party of China. According to reports, at present, my country's student aid has formed a structure in which government funding is the main investment, school and social funding is supplemented, free funding is the main method, paid funding is supplemented, and the target is mainly to help the poor and reward the outstanding. The student aid system with Chinese characteristics is supported by 28 central government-funded projects. It combines multiple policies of "awards, subsidies, loans, exemptions, attendance, subsidies and reductions", with annual funding of 150 million people and an annual funding amount of more than 260 billion. Yuan. Over the past ten years, the total amount of student aid nationwide has exceeded 2 trillion yuan. Among them, fiscal investment has accumulated to 1.45 trillion yuan, accounting for 72% of the total funding; schools and society have invested 0.29 trillion yuan, accounting for 14% of the total funding; financial institutions have issued national student loans 0 .27 trillion yuan, accounting for nearly 14% of the total funding. The annual funding amount has doubled from 132.2 billion yuan in 2012 to 266.8 billion yuan in 2021. Fiscal investment funds increased from 102 billion yuan in 2012 to 200.7 billion yuan in 2021, an increase of 97%. Among them, the central government’s investment increased from 62.8 billion yuan in 2012 to 123.8 billion yuan in 2021, an increase of 97%. Financial support continues to increase, forming a funding pattern in which government investment is the main component, with school and social funds as important supplements.
