South China Vocational Education Group Reports 7.8% Revenue Increase to RMB361.8 Million for Six Months Ended June 2025; Gross Profit Down 8.2% to RMB123.0 Million
South China Vocational Education Group Co. Ltd. reported that revenue for the six months ended 30 June 2025 increased by 7.8% to RMB361.8 million, compared to RMB335.8 million in the same period of 2024. The growth was attributed to higher tuition and boarding fees, driven by an increase in total full-time student enrollment. Gross profit for the period decreased by 8.2% to RMB123.0 million, down from RMB134.0 million a year earlier. The gross profit margin declined from 39.9% to 34.0%. The company cited higher staff costs, increased depreciation of property, plant and equipment, greater cooperative education costs, and higher campus property management and service expenditures as reasons for the margin decline. The Group continues to pursue a development pattern described as "five-in-one," integrating academic education, vocational training, and technical services, while expanding into training, dispatch, health, e-commerce, and public welfare sectors. The company is also exploring international cooperation with institutions in Hong Kong, Macau, Singapore, the European Union, and other regions.
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