Additional Considerations Required While Assessing XJ International Holdings' (HKG:1765) Strong Earnings
XJ International Appoints Chief Investment Officer
xj intl hldgs (01765.HK): Yang Wen has been appointed as Chief Investment Officer.
Glory Exchange reported on December 4 that xj intl hldgs (01765.HK) announced that starting from December 4, 2024, Yang Wen has been appointed as the Chief Investment Officer. He will primarily be responsible for managing the group's existing investment and financing portfolio, optimizing the group's capital structure, participating in significant capital operation work of the group, and conducting risk management and financial assessments. He will also be responsible for executing the group's investment strategy and providing advice on potential investment projects.
XJ International Reports Higher Fiscal 2024 Profit; Shares Up 10%
Express News | Xj International - FY Revenue RMB3,732.07 Mln
xj intl hldgs (01765.HK) achieved an adjusted net profit of 0.693 billion yuan for the year.
On November 29, Glacier Investment announced that for the year ending August 31, 2024, the group's revenue was RMB 3,732.07 million, an increase of RMB 150.44 million compared to RMB 3,581.63 million for the year ending August 31, 2023. This increase was mainly due to an increase in the number of students enrolled and an enhancement in fee standards. For the year ending August 31, 2024, the group's adjusted gross margin was 43.45%, compared to 49.16% for the year ending August 31, 2023.
XJ Intl Hldgs (01765.HK) plans to transfer 100% equity of EdGiant Education and WuHu Real Estate for 0.42 billion yuan.
On November 29, according to a report by Gelonghui, xj intl hldgs (01765.HK) announced that on November 29, 2024, the buyer (Leike Holdings and Nanfeng Company) and the seller Sichuan hope edu and Chengdu Jinyuhua signed an equity transfer agreement, whereby the seller conditionally agrees to transfer and the buyer conditionally agrees to acquire (1) 100% of the shares of the target company (Giant Education and Wuhu real estate); and (2) all operational rights and interests of the target college owned by Giant Education, with a total valuation of 0.54 billion yuan. After deducting the total external liabilities disclosed on the transaction date, the total transaction price is expected to be 0.42 billion yuan, final amount.
Express News | Xj International Holdings - Lou Qunwei Has Resigned as an Executive Director
Express News | Xj International Holdings - Total Transaction Consideration Is Estimated to Be RMB420 Mln
Express News | Xj International - Laike Holdings and Nanfeng, Individual to Acquire 100% Stake in Giant Education & Wuhu Property
Express News | Xj International Holdings FY Revenue RMB 3,732.07 Million
Express News | Xj International Holdings FY Net Income RMB 613.09 Million
Express News | Xj International Holdings FY Adjusted Gross Profit RMB 1,621.68 Million
XJ INTL HLDGS: ANNUAL RESULTS ANNOUNCEMENTFOR THE YEAR ENDED 31 AUGUST 2024
xj intl hldgs (01765.HK) plans to hold a board of directors meeting on November 29 to approve the annual performance.
Gelonghui reported on November 19 that xj intl hldgs (01765.HK) announced that the board of directors meeting will be held on November 29, 2024 (Friday) to (including) approve the annual performance and its release for the year ending August 31, 2024, and consider the proposal for the final dividend (if any).
XJ INTL HLDGS: DATE OF BOARD MEETING
HK stocks are on the move | Education stocks are all rising, as the policy proposes expanding the supply of high-quality education resources. Private high schools are the first to benefit from the warming of HK stocks.
Education stocks are on the rise. As of the time of publication, China Edu Group (00839) rose by 5.65% to HK$5.05; Beststudy Edu (03978) rose by 5.12% to HK$3.08; New Oriental-S (09901) rose by 3.85% to HK$47.15; China East Edu (00667) rose by 3.33% to HK$3.1.
XJ Intl Hldgs (01765.HK): Xu Changjun has been transferred from an executive director to a non-executive director.
Xj Intl Hldgs (01765.HK) announced on September 27th that Tang Jianyuan has resigned as a non-executive director and a member of the board of directors' audit committee, effective from September 27, 2024, in order to have more time to deal with his personal affairs. Xu Changjun has been transferred from an executive director to a non-executive director, no longer serving as a member of the company's global strategy and development committee, and has been appointed as a member of the board of directors' audit committee, effective from September 27, 2024.
Express News | Hope Education - Deng Yi Appointed as an Executive Director
Hong Kong stock anomaly | china east edu (00667) rose more than 5%, leading the education stocks. Major support policies for professional education released, institutions bullish on the long-term development of the industry.
Education stocks lead the gains. As of press time, China East Edu (00667) rose by 5.08% to HKD 2.48; Minsheng Edu (01569) rose by 4.14% to HKD 0.176; China Edu Group (00839) rose by 2.15% to HKD 4.75; Hope Education Group (01765) rose by 2.48% to HKD 0.124.