China Chunlai (01969) releases its interim results, with adjusted net profit of 432 million yuan, an increase of 7.3% year-on-year.

CHINA CHUNLAI (01969) released its interim results for the six months ending February 28, 2026. The group achieved a revenue of 956 million yuan, an increase of 7.4% year-on-year; adjusted net profit was 432 million yuan, an increase of 7.3% year-on-year; basic earnings per share were 36 cents. The schools operated by the group are focused on the goal of cultivating applied talents, emphasizing and actively promoting the integration of industry and education, strengthening school-enterprise cooperation, and exploring a "diversified talent training, innovative practical education system" to form their own characteristics and highlights. Our cooperation models include internships and training, joint transformation of R&D results, joint cultivation of order classes, and joint construction of majors and laboratories, which have achieved good results. In order to continuously increase the total number of enrolled students, we plan to acquire more land use rights and construct new educational and living facilities. If implemented, we intend to allocate funds from the cash generated by our operations and external borrowings. We believe that increasing the capacity of the colleges in line with our future enrollment expansion strategy is crucial. As our colleges typically require students to live on campus, the total enrollment of the colleges largely depends on the capacity of their student dormitories. Considering the gender differences in our student dormitories and the gender structure of students, the current capacity is insufficient to significantly increase enrollment. We expect to gradually increase the capacity of the colleges to achieve a reasonable balance between enrollment and campus utilization rates. We believe that the expected increase in enrollment is appropriate and will support the continued development of our colleges. Considering our excellent track record in providing high-quality private higher education and industry reputation, we believe that the education authorities in China will accept our application to increase admission quotas, provided that we can demonstrate that we have sufficient school capacity, appropriate facilities, and can provide high-quality educational programs, all of which are crucial for our future expansion plans.