Minsheng Education Group Co. Ltd. Annual Results: Standalone & Consolidated Reports

Annual Results

Results Snapshot

Figures in Million

Consolidate Annual Results

Dec'23

Dec'22

Dec'21

Dec'20

Dec'19

Dec'18

Dec'17

Net Sales

2,599.39

2,737.37

2,885.29

1,244.16

1,140.08

738.08

550.92

Other Operating Income

0.00

Total Operating income

2,599.39

2,737.37

2,885.29

1,244.16

1,140.08

738.08

550.92

Raw Material Cost

1,206.71

1,254.54

1,249.87

606.94

554.42

343.23

229.57

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

878.86

887.80

623.70

402.10

374.94

224.92

156.47

Power Cost

0.00

Manufacturing Expenses

193.26

190.41

157.36

97.76

90.27

15.64

3.51

Selling and Distribution Expenses

772.83

900.51

873.37

267.13

228.10

189.81

153.92

Other Expenses

-107.21

-107.82

-78.11

-49.99

-46.52

-24.06

-16.00

Total Expenditure (Excl Depreciation)

1,979.54

2,155.05

2,123.24

874.07

782.52

533.03

383.49

Operating Profit (PBDIT) excl Other Income

619.9

582.3

762.0999999999999

370.09999999999997

357.59999999999997

205.10000000000002

167.39999999999998

Other Income

-30.23

193.02

262.92

-119.57

125.51

223.57

139.60

Operating Profit (PBDIT)

886.51

1,128.97

1,345.85

417.73

639.57

514.99

362.83

Interest

193.26

190.41

157.36

97.76

90.27

15.64

3.51

Exceptional Items

0.00

50.16

-69.98

-11.80

0.00

0.35

0.00

Gross Profit (PBDT)

1,392.68

1,482.84

1,635.42

637.22

585.66

394.86

321.35

Depreciation

335.45

353.63

320.87

167.22

156.49

86.42

55.79

Profit Before Tax

357.81

635.09

797.64

140.95

392.80

413.28

303.53

Tax

221.60

38.64

65.35

18.78

13.92

18.30

2.44

Provisions and contingencies

0.00

Profit After Tax

153.45

569.89

695.27

147.73

387.35

394.23

299.74

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

153.45

569.89

695.27

147.73

387.35

394.23

299.74

Share in Profit of Associates

0.00

Minority Interest

-19.55

26.99

36.99

-5.23

-8.65

-0.01

1.04

Other related items

0.00

Consolidated Net Profit

133.90

596.87

732.26

142.50

378.71

394.22

300.78

Equity Capital

0.00

Face Value

0.0

Reserves

5,604.51

5,407.21

5,617.00

4,784.82

4,203.05

3,886.80

3,632.17

Earnings per share (EPS)

0.04

0.14

0.16

0.04

0.1

0.08

Diluted Earnings per share

0.04

0.14

0.16

0.04

0.1

0.08

Operating Profit Margin (Excl OI)

22.36%

21.27%

26.41%

29.75%

31.36%

27.77%

30.39%

Gross Profit Margin

26.67%

36.12%

38.77%

24.77%

48.18%

67.7%

65.22%

PAT Margin

5.9%

20.82%

24.1%

11.87%

33.98%

53.41%

54.41%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Annual Analysis Highlights

Net Sales

YoY Growth in year ended Dec 2023 is -5.04% vs -5.13% in Dec 2022

Consolidate Net Profit

YoY Growth in year ended Dec 2023 is -77.57% vs -18.49% in Dec 2022

Operating Profit (PBDIT) excl Other Income

YoY Growth in year ended Dec 2023 is -2.06% vs -13.57% in Dec 2022

Interest

YoY Growth in year ended Dec 2023 is 1.52% vs 20.97% in Dec 2022

Operating Profit Margin (Excl OI)

YoY Growth in year ended Dec 2023 has improved from Dec 2022

Compare Annual Results Of Minsheng Education Group Co. Ltd. With

Select Peers

Figures in Million

Consolidate Annual Results

Change(HKD)

Change(%)

Net Sales

2,599.39

821.24

1,778.15

216.52%

Other Operating Income

0.00

Total Operating income

2,599.39

821.24

1,778.15

216.52%

Raw Material Cost

1,206.71

660.88

545.83

82.59%

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

878.86

0.00

878.86

Power Cost

0.00

Manufacturing Expenses

193.26

2.51

190.75

7,599.60%

Selling and Distribution Expenses

772.83

112.12

660.71

589.29%

Other Expenses

-107.21

-0.25

-106.96

-42,784.00%

Total Expenditure (Excl Depreciation)

1,979.54

773.00

1,206.54

156.09%

Operating Profit (PBDIT) excl Other Income

619.85

48.24

571.61

1,184.93%

Other Income

-30.23

119.09

-149.32

-125.38%

Operating Profit (PBDIT)

886.51

176.75

709.76

401.56%

Interest

193.26

2.51

190.75

7,599.60%

Exceptional Items

0.00

-112.97

112.97

100.00%

Gross Profit (PBDT)

1,392.68

160.36

1,232.32

768.47%

Depreciation

335.45

9.41

326.04

3,464.82%

Profit Before Tax

357.81

51.85

305.96

590.09%

Tax

221.60

7.56

214.04

2,831.22%

Provisions and contingencies

0.00

Profit After Tax

153.45

43.61

109.84

251.87%

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

153.45

43.61

109.84

251.87%

Share in Profit of Associates

0.00

Minority Interest

-19.55

0.68

-20.23

-2,975.00%

Other related items

0.00

Consolidated Net Profit

133.90

44.29

89.61

202.33%

Equity Capital

0.00

Face Value

0.00

0.10

0.00

Reserves

5,604.51

2,376.53

3,227.98

135.83%

Earnings per share (EPS)

0.04

0.03

0.01

33.33%

Diluted Earnings per share

0.04

0.03

0.01

33.33%

Operating Profit Margin (Excl OI)

22.36%

5.87%

0.00

16.49%

Gross Profit Margin

26.67%

7.46%

0.00

19.21%

PAT Margin

5.90%

5.31%

0.00

0.59%

Public Share Holdings (%)

0.00

0.00%

Pledged Promotor Holding (%)

0.00

0.00%

Annual - Net Sales

Net Sales 259.94 Million

in Dec 2023

Figures in Million

YoY Growth in year ended Dec 2023 is -5.04% vs -5.13% in Dec 2022

Annual - Consolidate Net Profit

Consolidate Net Profit 13.39 Million

in Dec 2023

Figures in Million

YoY Growth in year ended Dec 2023 is -77.57% vs -18.49% in Dec 2022

Annual - Operating Profit (PBDIT)

Operating Profit (PBDIT) 91.67 Million

in Dec 2023

Figures in Million

YoY Growth in year ended Dec 2023 is -2.06% vs -13.57% in Dec 2022

Annual - Interest

Interest 19.33 Million

in Dec 2023

Figures in Million

YoY Growth in year ended Dec 2023 is 1.52% vs 20.97% in Dec 2022

Annual - Operating Profit Margin (Excl OI)

Operating Profit Margin (Excl OI) 22.36%

in Dec 2023

Figures in %

YoY Growth in year ended Dec 2023 has improved from Dec 2022