$JH EDUCATION (01935.HK)$ It was listed at an issue price of...

It was listed at an issue price of 1.5 Hong Kong dollars in 2019, then fluctuated upward. After reaching a maximum of 5.21 Hong Kong dollars, it entered the Shenzhen V market. Currently, it is 3.65 Hong Kong dollars. The gross margin is around 60%, and the return on net assets is around 17%.

Revenue, operating profit, and net profit have basically continued to grow over the past 5 years. Only net profit declined 21% in 2019. The income statement shows that in 2018, there was a revenue of 74 million from associated companies, but none after 2019, so there was a brief decline. There are almost no interest charges in the income statement.

The balance ratio has been very low for 5 years. It was 19.2% in 2021, cash and equivalents reached $1,227 million, and there were no interest-bearing liabilities.

Over the past five years, the total net operating amount was 1,655 million yuan, the net investment was only 558 million, and the surplus reached 1.1 billion.

The current price-earnings ratio of 14.66 times is a very good choice considering the 5-year data of high growth and low debt (⭐️⭐️⭐️)