South China Vocational Education Group Co., Ltd.

South China Vocational Education Group Co., Ltd.

HHKEX:6913
0.11
HKD
+0.02
(+17.89%)
413.54MMarket Cap
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.31
0.33
0.34
0.43
0.39
0.42
0.51
0.59
- -
Basic EPS, GAAP
0.1
0.11
0.13
0.13
0.11
0.08
0.07
-0.04
- -
Free Cash Flow per Basic Share
0.06
0.01
0.13
0.04
0.08
0.04
-0.01
0.05
- -
Dividend per Share
- -
0.02
- -
- -
0.05
- -
0.06
0.03
- -
Book Value per Share
0.47
0.56
0.66
1.09
1.15
1.24
1.24
1.17
1.24
Tangible Book Value per Share
0.46
0.56
0.66
1.09
1.15
1.23
1.23
1.15
1.23
Basic Weighted Avg Shares
1,334
1,334
1,334
1,156
1,334
1,334
1,334
1,334
1,334
Sales/Revenue/Turnover
412
444
449
500
516
556
684
792
- -
Operating Margin (%)
28.38
25.97
29.25
19.76
21.15
13.62
9.81
15.12
- -
Depreciation Expense
72
74
76
85
86
99
108
122
- -
Net Income, GAAP
130
150
171
154
143
112
91
-60
- -
Effective Tax Rate (%)
8.31
3.63
2.84
2.21
3.79
- -
- -
172.97
- -
Profit Margin (%)
31.52
33.75
37.94
30.81
27.62
20.21
13.3
-7.53
- -
Working Capital
-167
-127
-181
208
46
-70
-177
-276
-177
LT Debt
443
503
400
308
230
165
197
392
197
Total Equity
656
790
883
1,457
1,539
1,651
1,657
1,556
1,657
Return on Invested Capital (%)
- -
8.38
9.07
6.93
5.56
- -
- -
-4.22
- -
Return on Capital (%)
- -
12.39
13.18
10.46
8.31
- -
- -
-3.32
- -
Return on Common Equity (%)
- -
21.8
20.85
13.16
9.52
7.05
5.5
-3.71
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
ST Debt
157
83
88
LT Borrowings
75
126
118
LT Finance Leases
90
82
79
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,334
1,334
1,334
Market Capitalization
461
372
389

Working Capital

CNY

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
Total Current Assets
497
395
421
Cash, Cash Equivalents & STI
421
356
364
Accounts Receivable, Net
5
3
9
Inventories
- -
- -
- -
Total Current Liabilities
567
345
599
Payables & Accruals
- -
- -
- -
ST Debt
157
83
88
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
14.44%
-6.12%
Free Cash Flow
- -
-228.85%
-1,057.32%
Net Income, GAAP
- -
-44.6%
-165.59%
Sales/Revenue/Turnover
- -
12.2%
15.82%
Total Cash Common Dividend
- -
- -
-52.48%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
556
2024
- -
- -
684
2025
- -
- -
792

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.08
2024
- -
- -
0.07
2025
- -
- -
-0.04

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
0.06
2025
- -
- -
0.03

Company Description

CEO
Hui Fen He
Full Time Employees
2,078
Sector
Commercial services
Industry
Personnel services
Address
No. 492 Da Guan Zhong Road Guangzhou GD China
IPO Date
Jul 13, 2021
Business
South China Vocational Education Group Company Limited is a China-based private vocational education service provider primarily operating in the Guangdong-Hong Kong-Macao Greater Bay Area. The company offers comprehensive educational services including academic vocational education, technician training, competition training, vocational skill evaluation, employment services, and entrepreneurship incubation. Its core products and services include formal vocational education through its owned institutions, Guangdong Lingnan Institute of Technology and Guangdong Lingnan Modern Technician College; ancillary education services such as continuing education programs, vocational qualification examination training, and test preparation services for occupational skills appraisal and professional certifications. Founded in 1993 with headquarters in Guangdong, the Group focuses on nurturing skilled talent through integration of industry and education, with an emphasis on academic qualifications, open education, and industry-education integration. South China Vocational Education has been actively expanding its school network and vocational training market through organic growth and strategic mergers and acquisitions targeting high-quality technical schools and non-formal training institutions in the Greater Bay Area. Recent company developments include launching undergraduate vocational programs to upgrade Lingnan Institute of Technology to an undergraduate-level vocational and technical college, expanding ancillary education including adult continuing education and training services for government and industry associations, and pursuing international cooperation with institutions in Hong Kong, Macau, Singapore, the European Union, and other regions. In 2024, the company reported a 22.9% revenue increase, despite challenges affecting profit margins, reflecting active growth strategies and operational expansion. Additionally, South China Vocational Education has engaged in infrastructure improvement contracts, such as dormitory decoration and construction, to support campus development. The Group’s strategic vision emphasizes aligning with China's national development plans, fostering a talent cultivation ecosystem, and exporting its vocational education model beyond Guangdong to surrounding provinces. It aims to build a provincial-level industry-education integration demonstration park and enhance its competitiveness through continuous organizational reforms and market-oriented mechanisms. This positions South China Vocational Education as a leading formal vocational education provider in the region with diversified education services and growing outreach in China and internationally.