CH GENERAL EDU (China General Education Group Ltd.) released its unaudited results for the six months ended 28 February 2026.

Financial Performance • Revenue edged down 0.7% year-on-year to RMB 181.84 million, reflecting a 0.7% drop in tuition income to RMB 165.94 million and a 0.6% decline in boarding fees to RMB 15.90 million. • Cost of sales grew 4.7% to RMB 112.04 million, mainly on higher staff, office-related and utility expenses. • Gross profit decreased 8.3% to RMB 69.80 million; gross margin narrowed to 38.4% from 41.6%. • Other income and gains rose 58.9% to RMB 9.07 million, supported by foreign-exchange gains. • Administrative expenses fell 7.1% to RMB 27.64 million, cushioning bottom-line pressure. • Net profit slipped 1.6% to RMB 50.95 million; basic EPS remained at RMB 0.11.

Cash Flow and Balance Sheet • Operating cash inflow: RMB 18.70 million (prior-year: RMB 33.55 million). • Investing cash outflow widened to RMB 240.31 million, driven by RMB 242.75 million of capex—principally for the new Beige campus. • Financing cash inflow reached RMB 187.31 million on drawdown of RMB 195.07 million from a RMB 500.00 million bank facility. • Cash and cash equivalents closed at RMB 452.74 million (31 Aug 2025: RMB 490.83 million). • Total bank borrowings increased to RMB 221.50 million (31 Aug 2025: RMB 33.95 million); gearing rose to 11.4% from 1.8%. • Net current assets stood at RMB 217.62 million.

Operational Metrics • Full-time enrolment for the 2025/2026 academic year slipped 0.7% to 19,181 students, while new intakes grew 2.6% to 5,391. • Average tuition fee was RMB 15,516.76, marginally lower by 0.44%. • The College offers 50 undergraduate majors and operates two campuses covering 621,147 sq m.

Strategic Developments • Campus expansion: RMB 500.00 million credit line secured in Aug 2025; RMB 455.13 million of capital commitments remain, mainly for the new Beige campus. • M&A: In Nov 2025 the Company agreed to buy 100% of Guangzhou Tongmeng Art Education Consulting for RMB 312.00 million; first-installment payment of RMB 60.00 million has been made post-period end. • Overseas plan: Application to establish a California-based degree-granting institution was rejected on 30 Jan 2024; search for a new agent continues. • No interim dividend declared.

Corporate Actions • Auditor change: Moore CPA resigned on 6 Mar 2026; CCTH CPA appointed until the next AGM. • Equity schemes: No grants under the Share Option or RSU schemes; RSU trust holds 37.48 million shares (7.41% of issued capital).

Outlook Management targets capacity expansion, curriculum diversification, acquisitions and strengthening of faculty to capture rising demand for private higher education in Shanxi Province.