Edvantage Group Holdings Limited (“Edvantage Group” or the “Group”, stock code: 0382.HK) is the largest private higher education group in the Greater Bay Area and an early mover in education sector in pursuing international expansion. The total number of student enrolments of the Group were 35,453 and the Group owns 5 schools in both China and overseas as of 31 August 2020.
In China, the Group currently operates 2 private higher education institutions in Guangdong Province, namely undergraduate college Huashang College Guangdong University of Finance and Economics and Guangzhou Huashang Vocational College, featuring business courses (such as accounting, finance, economics and business English) as the strategic curriculum; In overseas, the Group operates a private vocational education institution named Global Business College of Australia (“GBCA”) authorised by Australian Skills Quality Authority (“ASQA”) in Australia, offering vocational education courses and non-formal short-term courses. GBCA is the first Chinese international education institution approved by the Australian government. In December 2019, the Group has also acquired a private vocational education institution in Singapore, that is, Edvantage Institute (Singapore) (“EIS”) (formerly known as NYU Language School), which provides short-term and long-term language training courses, various kinds of diploma and higher diploma programmes. It is qualified to offer internationally-recognised courses and accept local and overseas students in Singapore. Moreover, the Group established a higher education institution Edvantage Institute Australia (“EIA”), which is granted by the Tertiary Education Quality and Standards Agency (“TEQSA”) in the first quarter of year 2020 and qualified to accept students, offer and award undergraduate and master’s degrees. Its courses will be commenced in November 2020.
Edvantage Group (0382 HK) to be included in MSCI China All Shares Small Cap Index
Edvantage Group (0382 HK)’s Net Profit Surged 35 6% YoY to RMB292 Million Gross Profit Margin Continuously Expanded Persevering in high quality school operations, Offering highly differentiated education
The registration rate of new students and the total number of student enrolments in the two colleges both hit a record high
The core net profit for FY2020 is being expected to increase by no less than 30% YoY
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