China YuHua Education (6169) investor relations material

Executive summary

• Revenue for the six months ended 28 February 2026 was RMB1,263.3 million, down 1.2% year-over-year due to lower student enrolment.

• Net profit attributable to owners was RMB270.2 million, a 33.4% decrease year-over-year, with net profit margin dropping to 21.4% from 31.7%.

• Adjusted net profit attributable to owners was RMB288.8 million, down 33.5% year-over-year, with an adjusted net profit margin of 22.9%.

• Gross profit margin declined to 34.8% from 46.8% due to increased staff costs, investment in teaching and research, and higher depreciation.

• No interim dividend was declared for the period.

Financial highlights

• Revenue: RMB1,263.3 million (down 1.2% year-over-year).

• Gross profit: RMB439.1 million (down 26.6% year-over-year); adjusted gross profit: RMB457.9 million (down 25.8%).

• Net profit attributable to owners: RMB270.2 million (down 33.4%); adjusted net profit: RMB288.8 million (down 33.5%).

• Operating profit: RMB267.2 million (down 32.8%).

• Cash and cash equivalents: RMB1,750.5 million as of 28 February 2026.

Outlook and guidance

• Focus on improving educational infrastructure, opening new campuses, and increasing investment in vocational education.

• Continued expansion in higher education with emphasis on post-expansion consolidation to maximize shareholder value.