The motivation of these companies' listing boom can be understood by looking at the ubiquitous advertisements of educational institutions. According to yost Sullivan Report, the annual per capita education consumption expenditure of urban residents in China increased from 20 12 years in 820 yuan to 20 1070 yuan, with a compound annual growth rate of 6.9%.
20 17, 17, Huali University Group (Huali University Group Co., Ltd.), a well-known private education enterprise in South China, disclosed its listing information on the Hong Kong Stock Exchange.
The founder graduated from a technical school.
On February 28th, 20 17, Huali University Group also disclosed its listing information on the Hong Kong Stock Exchange. It is worth noting that this education group has the qualification of undergraduate education.
According to the information disclosed in the prospectus, Huali University Group was established in 2000, initially operated by Guangdong Huali Technical School, and later established Huali College on 200 1 as a secondary college affiliated to Guangdong University of Technology. At present, Huali University Group has three schools: Huali College, Huali Vocational College and Huali Technician College. According to the information disclosed by Huali University Group, the funds raised by its IPO will be mainly used for maintaining, improving and upgrading school facilities and building new buildings; Acquisition of other schools to expand the educational network.
It is worth mentioning that Will Zhang, the founder of the group, graduated from Guangdong Technical School in June 1985, majoring in automobile painters.
Talking about his school experience, Will Zhang once said to the New Express:
Accidentally enter private education. In the 1980s, when I was running a garment factory, I felt the lack of skilled turners, so I began to train employees. In this process, I deeply felt that this training is the urgent demand of many people in the industry, and the scale is getting bigger and bigger, so I formally established a training school to train practical skills. Thus began my road to running a school. It can be said that my private education started early, and it was "drunk soup".
In recent years, the gross profit margin has exceeded 50%
The National Business Daily reporter learned that Huali University Group achieved revenue of 539 million yuan in fiscal year 20 17 (as of August 3 17), while its net profit reached 230 million yuan and its net interest rate reached 42.67%.
Source: Huali University Group Prospectus
By fiscal years 20 15, 20 16 and 20 17, the gross profit margin of the group was 50.5%, 55.0% and 58.4% respectively.
The income of private colleges and universities mainly comes from students' tuition and accommodation fees, which is closely related to the number of students enrolled.
According to the data disclosed in the prospectus, in fiscal year 20 17, the average tuition fees of Huali College, Huali Vocational College and Huali Technician College were 17378 yuan, 1397 1 yuan and 9640 yuan respectively.
Source: Huali University Group Prospectus
As of August 3 1 2065438, the total number of students in three universities of Huali University Group is about 38788, including Huali College 14092, Huali Vocational College 12822 and Huali College1.
Famous universities also enjoy a number of preferential regulatory treatment and government subsidies. By the fiscal years of 20 15, 20 16 and 20 17, HUI University Group had received government subsidies of 3.2 million yuan, 1.2 million yuan and 7.8 million yuan respectively.
Tuition is more than 20 thousand, net income.