EQS Newswire / 25/04/2023 / 09:15 UTC+8
Vocational Education is at its Best Time, and China New Higher Education Group Achieves Fruitful Results in Quality Employment
(25 April 2023 – Hong Kong) China New Higher Education Group Limited (“New Higher Education Group”, and its subsidiaries (collectively the “Group”), stock code: 2001.HK), a leading higher vocational education group is pleased to announce the interim results of the Group ended 28 February 2023.
China New Higher Education Group remains committed to its “student-oriented” education philosophy and places great importance on strengthening moral education. The Group has unwaveringly implemented a high-quality development strategy, ensuring continuous investment, prioritizing high-quality talent development, and using high-quality employment as a benchmark. Focusing on comprehensive quality development, the Group has consistently endeavored to enhance classroom teaching, integrate industry and education, foster experimental training, and create an enriching educational environment. This has led to ongoing improvements in education and teaching standards, steady progress in graduate employment quality, and an enhanced experience for both students and teachers. To this reported date, the Group’s schools are spread across various regions of China and have cumulatively cultivated approximately 400,000 applied high-quality technical talents for society. As a leader in high-quality employment, the Group’s schools have received the “Top 50 National Employment (全國就業工作50強)” award from the Ministry of Education. The employment rate of each school consistently ranks at the top across all provinces and regions, with ongoing improvements in high-quality employment rates.
Accelerating integration into a high-quality education system to comprehensively enhance talent development quality
The Group, adhering to a “student-oriented” approach, remains unwavering in its pursuit of high-quality development. By creasing investment in exceptional teaching standards, deepening the implementation of outcome-based education, integrating industry and education, focusing on national strategies and pressing societal needs, further developing advantageous majors, and establishing the “One Integrality, Five Dimensions, One Platform” quality assurance system, the Group propels high-quality development through top-notch talent development. “Good Employment” has become the Group’s renowned signature.
High-quality employment has steadily improved as the “Three Centers” continue to make an impact
The Group has always prioritized employment quality as a criterion for its high-quality development. Despite the challenging employment situation and intensified competition in 2022, the Group continued implementing the employment priority strategy and strengthened the construction of three employment and entrepreneurship centers in the Yangtze River Delta, the Pearl River Delta, and the Beijing-Tianjin-Hebei region (the “Three Centers”). Focusing on high-quality employment, the Group developed more high-quality employment resources and enhanced graduates’ confidence and competitiveness by matching students with advantageous internship and employment positions and providing tailored employment services. As of 31 December 2022, the employment rate for the class of 2022 graduates was approximately 95.6%, higher than the national average, maintaining a high employment rate for three consecutive years. The proportion of high-quality employment for the class of 2022 graduates reached 22%, with the number of employment in famous companies increasing by 187%. All schools have achieved fruitful results in employment. Graduates from nine industrial colleges of the Group’s schools have achieved 100% employment; More than 50% of the graduates majoring in nursing in Yunnan School and Central China School who practiced in the 301 General Hospital of the People’s Liberation Army have been retained for employment. Recently, the Group was awarded 158 projects under the second phase of Supply-Demand Matching Career Development Project of the Ministry of Education, of which Gansu School was awarded 82 projects, ranking top five in China, together with Harbin Institute of Technology, Xi’an Jiaotong University, and other “Double First Class” universities.
Improving fully students’ and teachers’ experience to serve diversified success of students with a student-oriented approach
The Group places great importance on students’ and teachers’ experience and was the first to establish an experience management center and build an experience management platform among colleges and universities in China. This initiative continuously improves students’ and teachers’ experiences, leading to a significant increase in their satisfaction and sense of gain. During the period, the Group conducted a satisfaction survey of graduates and partner companies for the first time, covering more than 40,000 person-times. The survey results showed a satisfaction rate of 91%, with school management and the business environment praised by graduates and partner companies. At the same time, the Group has iteratively upgraded its digital management platform for students’ and teachers’ opinions, completing 183 experience improvement tasks. The Group has continued to carry out “Principal’s Reception Day”, experience forums, and other opinion solicitation activities, adopting and addressing numerous new opinions put forward by students. In terms of campus life, the Group has continued to introduce leading catering chains, added new mobile dining trucks, shared printers, and shared coffee machines to improve students’ life experience continually, resulting in a leap-forward improvement in campus business quality. In the first back-to-school season after the end of the epidemic, the Group’s schools were the first among the universities and colleges across the country to launch back-to-school “peak experience” activities, reported by CCTV, Xinhua News Agency, and other media. The Group’s experience management has become a new carrier and hallmark of “three comprehensive education,” receiving positive feedback from students and teachers and recognition from competent education authorities.
Group governance is maturing, further fostering exceptional school operations.
The Group persistently empowers its institutions across four aspects: resource sharing, system and process development, procurement and supply management, and risk control, to continuously advance high-quality school operations. In resource sharing, the Group consistently dispatches middle and senior management cadres to its colleges and universities, standardizes advantageous major construction standards, and replicates exemplary best practice cases. Concerning systems and processes, the Group guides eight colleges and universities to establish process reform centers via the Process Reform Department, deeply and continuously constructing core business systems and processes. Regarding procurement and supply management, the Group forms nine supplier databases across headquarters and schools, categorized to enhance recruitment and procurement efficiency while collaborating with leading enterprises to attain elevated efficiency and superior quality based on cost savings. For risk control, the Group conducts risk identification and evaluation from diverse aspects, such as investment attraction, examination and training, infrastructure construction, procurement and supply, forming a risk list database to significantly bolster risk identification capabilities.
Elevating the characteristics of a high-performing public utility stock and intensifying the “Three Sustainability” promotion.
The Group persistently fortifies the attributes of a high-performing public utility stock in Hong Kong. While maintaining stable operating performance growth, it upholds robust investment returns and ample cash flow, accompanied by a high safety margin and a high proportion of consistent dividend payouts. It has distributed cash dividends every reported period since listing.
Looking ahead, the Group will champion the “three sustainability” initiative. The Group will relentlessly pursue high-quality development, positioning itself as a long-term participant in the higher vocational education industry. The Group will continue to augment its investments and resolutely adhere to a high-quality, connotative development path supported by national policies, creating and providing educational opportunities with first-rate teaching, employment, and experiences for all students. The Group will bolster the characteristics of a top-performing public utility stock in Hong Kong, ensuring the generation of stable returns while building a higher vocational education group marked by long-term sustainability and high-quality development, ultimately achieving a win-win situation with investors in the long run. The Group will fulfill the fundamental task of reinforcing morality through education, maintaining its commitment to a student-centered approach and delivering education that meets the people’s needs. Facing new developmental stages, patterns, and opportunities in higher education, the Group will adhere to high-quality development, taking on the vision of “forging a distinguished and respected education collective” and resolutely implementing the “Cultivating virtues and educating people; Teaching students according to their aptitude; Making study serve the practical purpose ” philosophy, striving for students’ successful careers and fulfilled lives. The Group will persist in nurturing applied exceptional technical and skilled talents with innovation, practical capabilities, trustworthiness, and social responsibility, generating greater value for society and run education to the satisfaction of the people.
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About China New Higher Education Group
China New Higher Education Group stands as a preeminent higher vocational education group in China, boasting over two decades of experience in the field. With a steadfast commitment to providing exceptional higher vocational education across various domains, the Group endeavors to cultivate application-oriented, applied high-quality technical and skilled talents for the nation, empowering students with superior employability and fostering fulfilling lives. As a distinguished leader in high-quality employment, the Group has earned the accolade of Top 50 National Employment from the Ministry of Education, consistently maintaining an average employment rate exceeding 95% for three consecutive years—a figure surpassing the national average. The Group’s extensive network of schools spans across provinces such as Yunnan, Heilongjiang, Hubei, Gansu, Guizhou, Henan, and Guangxi.
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25/04/2023 Dissemination of a Financial Press Release, transmitted by EQS News.
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