中国科教产业2026中期报告

Contents目錄 Interim Condensed ConsolidatedStatement of Cash Flows30中期簡明合併現金流量表Notes to the Interim Condensed31Consolidated Financial Information中期簡明合併財務資料附註Definitions73釋義 Corporate Information2公司資料 Financial Highlights5財務摘要 Management Discussion and Analysis6管理層討論及分析 Corporate Governance and16Other Information企業管治及其他資料 Interim Condensed Consolidated25Statement of Comprehensive Income中期簡明合併綜合收益表 Interim Condensed Consolidated27Balance Sheet中期簡明合併資產負債表 Interim Condensed Consolidated29Statement of Changes in Equity中期簡明合併權益變動表 Corporate Information公司資料 BOARD OF DIRECTORS 張智峰先生（董事會主席）葉雅明先生張裕德先生（首席執行官）肖小兵先生 Executive Directors Mr. Zhang Zhifeng(Chairman of the Board)Mr. Ye YamingMr. Zhang Yude(Chief Executive Officer)Mr. Xiao Xiaobing 趙麗娟女士MH JP楊英先生丁義先生 Independent Non-executive Directors Ms. Chiu Lai Kuen Susanna MH JPMr. Yang YingMr. Ding Yi AUDIT COMMITTEE Ms. Chiu Lai Kuen Susanna MH JP(Chairperson)Mr. Yang YingMr. Ding Yi 趙麗娟女士MH JP（主席）楊英先生丁義先生 REMUNERATION COMMITTEE Mr. Yang Ying(Chairman)Mr. Ye YamingMr. Ding Yi 楊英先生（主席）葉雅明先生丁義先生 NOMINATION COMMITTEE Mr. Zhang Zhifeng(Chairman)Mr. Yang YingMs. Chiu Lai Kuen Susanna MH JP 張智峰先生（主席）楊英先生趙麗娟女士MH JP JOINT COMPANY SECRETARIES Mr. Lin Zhixiang(appointed on November 24, 2025)Ms. Ma Wing Yee(appointed on November 24, 2025)Mr. Cheung Kai Cheong, Willie(CPA, FCCA)(resigned on November 24, 2025) 林志翔先生（於2025年11月24日獲委任）馬詠儀女士（於2025年11月24日獲委任）張啟昌先生(CPA，FCCA)（於2025年11月24日辭任） AUTHORIZED REPRESENTATIVES Mr. Ye YamingMs. Ma Wing Yee(appointed on November 24, 2025)Mr. Cheung Kai Cheong, Willie(CPA, FCCA)(resigned on November 24, 2025) 葉雅明先生馬詠儀女士（於2025年11月24日獲委任）張啟昌先生(CPA，FCCA)（於2025年11月24日辭任） REGISTERED OFFICE IN CAYMAN ISLANDS P.O. Box 309, Ugland HouseGrand Cayman KY1-1104Cayman Islands P.O. Box 309, Ugland HouseGrand Cayman KY1-1104Cayman Islands HEADQUARTERS IN THE PRC 中國廣東省廣州市增城區華立路11號廣州華立科技園行政大樓 The Administration Building of GuangzhouHuali Science and Technology TownNo. 11 Huali RoadZengcheng DistrictGuangzhouGuangdong ProvincePRC PRINCIPAL PLACE OF BUSINESS IN HONG KONG 40th Floor, Dah Sing Financial CentreNo. 248 Queen’s Road EastWanchaiHong Kong 香港灣仔皇后大道東248號大新金融中心40樓 CAYMAN ISLANDS SHARE REGISTRAR ANDTRANSFER OFFICE Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket SquareGrand Cayman KY1-1102Cayman Islands Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket SquareGrand Cayman KY1-1102Cayman Islands HONG KONG SHARE REGISTRAR 香港中央證券登記有限公司香港灣仔皇后大道東183號合和中心17樓1712-1716號舖 Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17th Floor, Hopewell Centre183 Queen’s Road EastWanchaiHong Kong AUDITOR 羅兵咸永道會計師事務所執業會計師註冊公眾利益實體核數師 PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor Corporate Information公司資料 LEGAL ADVISER AS TO HONG KONG LAW 金杜律師事務所香港中環皇后大道中15號置地廣場告羅士打大廈13樓 King & Wood13/F, Gloucester TowerThe Landmark15 Queen’s Road CentralCentralHong Kong PRINCIPAL BANKS CMB Wing Lung Bank Limited16/F, CMB Wing Lung Bank BuildingNo. 45 Des Voeux Road CentralHong Kong 招商永隆銀行有限公司香港中環德輔道中45號招商永隆銀行大廈16樓 Guangzhou Rural Commercial Bank Co., LtdNo. 81 Lixin Middle Road, Shitan TownZengcheng DistrictGuangzhouGuangdong ProvincePRC 廣州農村商業銀行股份有限公司中國廣東省廣州市增城區石灘鎮立新中路81號 www.cseindustry.com COMPANY WEBSITEwww.cseindustry.com INVESTOR RELATION CONTACT 電郵地址：ir@hltz.net電話╱傳真號碼：+8620 8290 1822 Email address: ir@hltz.netTelephone/Fax number: +8620 8290 1822 STOCK CODE 1756 1756 (1)經調整純利並非香港財務報告準則財務計量方法，按投資物業公平值虧損╱收益淨額、長期其他借款及應付一名關聯方長期利息的估算已貼現利息開支及應付本公司控股股東長期其他借款的估算已貼現利息開支作出調整後的期內利潤計算。 (1)Adjusted net profit is a non-HKFRSs financial measure, which is derived from the profit for theperiod after adjusting net fair value losses/gains on investment properties, imputed interestexpenses on discount of long-term other borrowings and long-term interest payable due to arelated party and imputed interest expenses on discount of long-term other borrowings due tothe controlling shareholder of the Company. (2)期內非香港財務報告準則財務計量方法下的經調整純利率按期內非香港財務報告準則財務計量方法下的經調整純利除以各期內收入計算。 (2)Adjusted net profit ratio under non-HKFRS financial measures for the period is calculated onadjusted net profit under non-HKFRS financial measures for the period divided by revenue forthe respective period. Management Discussion and Analysis管理層討論及分析 Revenue The Group’s revenue mainly represented income derived from tuition fees andboarding fees for the education services provided in the ordinary course at itsPRC operating schools. For the six months ended February 28, 2026 (“ReportingPeriod”), the Group’s revenue was approximately RMB775.6 million, representingan increase of approximately 7.6% period-on-period from approximatelyRMB720.9 million for the corresponding period of last year, which was attributableto the increases in both the number of student enrollment and average tuition feesduring the Reporting Period. 本集團的收入主要為來自其中國營運學校日常課 程 中 提 供 的 教 育 服 務 的 學 費 及 寄 宿 費 的 收入 。