China East Education Holdings (667) investor relations material

Executive summary

• Operated 234 schools and centers in China as of 30 June 2025, with 152,817 average students/customers enrolled in the first half of 2025.

• Business covers culinary arts, western cuisine and pastry, IT and internet technology, auto services, and fashion and beauty, under seven school brands.

• Revenue rose 10.2% year-over-year to RMB2,186 million for the six months ended 30 June 2025, driven by a 7.1% increase in new student enrollments and new customer registrations.

• Net profit surged 48.4% year-over-year to RMB403 million, with adjusted net profit up 49.5% to RMB416 million, reflecting strong operational performance and cost control.

• Strategic expansion through acquisitions, including Shanxi Metallurgical Technician College, and ongoing development of Vocational Education Industrial Parks.

Financial highlights

• Revenue increased 10.2% year-over-year to RMB2,186 million for the six months ended 30 June 2025.

• Gross profit rose to RMB1,253 million (up 19.2% year-over-year), with gross margin improving to 57.3% from 53.0% year-over-year.

• Net profit for the period was RMB403 million, up from RMB272 million year-over-year.

• Adjusted net profit reached RMB416 million, and adjusted EBITDA was RMB893 million, both showing strong year-over-year growth.

• Earnings per share (basic) was RMB0.184, up from RMB0.125 year-over-year; diluted EPS was RMB0.181.

Outlook and guidance

• No interim dividend declared for the six months ended 30 June 2025; final dividend of HK$0.22 per share for 2024 was paid in June 2025.

• Focus on expanding school network to all provincial capitals, diversifying course offerings, and establishing more Vocational Education Industrial Parks.

• Plans to further upgrade education level, strengthen integration of industry and education, and target high-skilled talent for strategic industries.