The Company is the largest comprehensive education group in China. The program, service and product offerings are divided into seven areas, including K-12 after-school tutoring, test preparation, language training for adults, pre-school, primary and secondary schools, education materials and distribution, online education and other services, covering main provinces and cities in China. The Company is listed in NYSE in September 2006 under ticker of “EDU.N”, which was the first Chinese education institution to list in the US.
As of May 31, 2020, the company had a physical network of 104 schools and 1,361 learning centers in 91 cities and approximately 41,400 teachers, and the number of students registered in fiscal year 2020 was about 10.6 million. The Company is the only Chinese education company awarded the “Top 50 Most Valuable Commercial Services Brands” in the world in 2020 published by Brand Finance.
From FY2018 to FY2020, the Company‘s revenue reached US$2.45 billion, US$3.10 billion, and US$3.58 billion at a CAGR of 20.9%; the net income attributable to shareholders reached US$0.30 billion, US$0.24 billion and US$0.41 billion at a CAGR of 18.1%.
This is another landmark transaction of an HK listing by a US-listed Chinese client facilitated by CICC, and the eighth HK secondary listing completed by CICC since the advent of Chapter 19C under HKEX Listing Rules.
From 2015, CICC has continuously provided various capital operation services to EDU, and has worked closely with the client on Koolearn new OTC Listing and HK IPO by offering excellent services. CICC, with high-quality investment banking services, professionalism, diligence and firm attitude, has won high recognition from the client for the professional and efficient execution and team cooperation.
