First High-School Education Group Co., Ltd.

First High-School Education Group Co., Ltd.

FHSEY
First High-School Education Group Co., Ltd.US flagOther OTC
0.10
USD
+0.01
- -
8.38MMarket Cap
First High-School Education Group Co., Ltd.
FHSEY
(Other OTC)

Recent

price

0.10

P/E

ratio

- -

div

yld

- -

ROIC.AI

2017
2018
2019
2020
2021
2022
2023
TTM
FRC
7.7
9.46
9.84
10.58
12.06
11.83
- -
9.2
Revenue per Share
1.76
-6.33
1.18
2.79
1.88
1.29
- -
-2.49
Basic EPS, GAAP
1.43
0.7
2.6
2.48
2.06
-0.45
- -
- -
Free Cash Flow per Basic Share
- -
1.04
- -
1.46
5.96
0.22
- -
- -
Dividend per Share
- -
-7.62
-6.74
-6.96
-7.42
-6.37
- -
-8.89
Book Value per Share
- -
-2.02
-0.77
-6.38
6.94
6.72
- -
4.07
Tangible Book Value per Share
27
27
27
29
28
29
- -
29
Basic Weighted Avg Shares
206
254
264
306
337
343
266
266
Sales/Revenue/Turnover
28.59
-58.74
28.14
31.44
23.17
21.39
-15.55
-15.55
Operating Margin (%)
5
9
13
12
14
13
14
- -
Depreciation Expense
47
-170
32
81
53
37
-72
-72
Net Income, GAAP
21.32
- -
9.04
15.1
20.6
30.54
- -
5.27
Effective Tax Rate (%)
22.82
-66.89
11.97
26.39
15.62
10.9
-27.11
-27.11
Profit Margin (%)
- -
-140
-147
-289
-131
26
-58
-58
Working Capital
- -
- -
7
29
44
25
- -
- -
LT Debt
- -
39
70
-95
230
231
155
155
Total Equity
- -
- -
92.19
103.85
28.35
14.18
- -
- -
Return on Invested Capital (%)
- -
- -
-18.69
-77.61
-84.42
-46.2
- -
-1,096.87
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Jun'23
Sep'23
Dec'23
ST Debt
136
138
88
LT Borrowings
19
15
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
87
87
87
Market Capitalization
54
32
11

Working Capital

FRC

in mil. unless spec.
Jun'23
Sep'23
Dec'23
Total Current Assets
528
836
772
Cash, Cash Equivalents & STI
72
294
189
Accounts Receivable, Net
113
102
82
Inventories
- -
- -
- -
Total Current Liabilities
461
844
830
Payables & Accruals
223
362
482
ST Debt
136
138
88
Deferred Revenue
27
206
141

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-105.5%
-32.61%
Free Cash Flow
- -
-174.7%
-1,007.18%
Net Income, GAAP
- -
-64.06%
-293.41%
Sales/Revenue/Turnover
- -
1.9%
-22.26%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
78
154
41
127
337
2022
79
122
63
68
343
2023
64
98
32
72
266

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
0.22
- -
- -
- -
1.88
2022
0.68
- -
- -
- -
1.29
2023
0.49
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
- -
- -
- -
- -
5.96
2022
- -
- -
- -
- -
0.22
2023
- -
- -
- -
- -
- -
Business
First High-School Education Group Co., Ltd. is an education service provider primarily operating private high schools in Western China. The company offers private fundamental education and complementary education services, including middle school, high school, and tutorial school programs focused on Gaokao repeaters. Its product and service portfolio includes high school programs, tutorial school programs, education management services, and management consulting. The company operates a network of schools across multiple provinces, including Yunnan, Shaanxi, Henan, Guizhou, and Shandong. Founded with a focus on private high school education, First High-School Education Group is headquartered in China and aspires to be a leader and innovator in comprehensive private high school education management. Its business model integrates education information consulting, education research, talent management, technology management, education service management, and vocational integration development. The company primarily targets students in the western region of China. In recent major developments, First High-School Education Group entered into a definitive agreement in November 2024 for a going-private transaction valued at approximately $4.3 million, which was completed through a merger with One Education Holding Limited in March 2025. This transaction resulted in the company becoming a privately held entity, with its American depositary shares delisted from OTC markets. The company continues operations as a wholly owned subsidiary of One Education Holding. This strategic shift marks a significant change in ownership and operational structure, emphasizing a more consolidated and private business approach within the education sector. First High-School Education Group's strategic and operational expansion reflects its commitment to enhancing education quality and management efficiency in its core geographic markets while adapting to changing capital market environments and ownership structures.

Company News

APIChatGPT
  • First High-School Education Group Announces Completion of Going Private Transaction

  • First High-School Education Group Sets Record Date for Dissemination of Transaction Statement and Plan of Merger for Going Private Transaction

  • First High-School Education Group Enters into Definitive Agreement for Going-Private Transaction

  • First High-School Education Group Co., Ltd. (FHSEY) H1 2024 Earnings Call Transcript

  • First High-School Education Group Announces First Half 2024 Unaudited Financial Results

  • First High-School Education Group to Report First Half 2024 Unaudited Financial Results on September 18, 2024

  • First High-School Education Group Announces Formation of Special Committee

  • First High-School Education Group Announces Receipt of Preliminary Non-Binding "Going Private" Proposal

  • First High-School Education Group Filed Annual Report on Form 20-F for Fiscal Year 2023

  • First High-School Education Group Co., Ltd. (FHSEY) Q4 2023 Earnings Call Transcript

  • First High-School Education Group Announces Fiscal Year 2023 Unaudited Financial Results

  • First High-School Education Group to Report Fiscal Year 2023 Unaudited Financial Results on April 25, 2023

  • First High-School Education Group Announces Third Quarter 2023 Unaudited Financial Results for the Nine Months Ended September 30, 2023

  • First High-School Education Group to Report Third Quarter 2023 Unaudited Financial Results on November 27, 2023

  • First High-School Education Group Announces First Half 2023 Unaudited Financial Results

  • First High-School Education Group to Report First Half 2023 Unaudited Financial Results on September 19, 2023

  • First High-School Education Group to Report First Quarter 2023 Unaudited Financial Results on June 5, 2023

  • First High-School Education Group to Report Fiscal Year 2022 Unaudited Financial Results on April 17, 2023