Earnings release
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . CHINA EAST EDUCATION HOLDINGS LIMITED 中國 東方 教育 控股 有限公司 ( Incorporated in the Cayman Islands with limited liability ) ( Stock code : 667 ) ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2021 HIGHLIGHTS Six months ended 30 June Change Increase / 2021 2020 ( Decrease ) Number of new students enrollments and new customers registered Average number of students enrolled 81,920 60,798 34.7 % and customers registered 143,348 128,004 12.0 % Revenue ( RMB million ) 2,001 1,517 31.9 % Gross profit ( RMB million ) 1,107 872 27.0 % Net profit ( RMB million ) 233 243 ( 3.9 % ) Adjusted net profit ( RMB million ) ( 1 ) 301 212 41.8 % Adjusted EBITDA ( RMB million ) ( 2 ) 782 675 15.8 % As at As at Change Increase / 30 June 2021 31 December 2020 ( Decrease ) Number of schools and centers 218 206 12 Net assets ( RMB million ) 5,828 9,754 6,040 9,821 ( 3.5 % ) ( 0.7 % ) Total assets ( RMB million ) ( 1 ) Adjusted net profit was derived from the net profit for the respective periods excluding the effect of ( i ) non - cash share- based payment expenses and ( ii ) the net foreign exchange losses / gains . This is not Hong Kong Financial Reporting Standards measure . For details , please refer to the section headed “ Management Discussion and Analysis Financial Review - Adjusted Net Profit and Adjusted EBITDA ” in this announcement . - ( 2 ) Adjusted EBITDA was derived from the adjusted net profit for the respective periods excluding finance costs , income tax expenses and depreciation expenses . This is not Hong Kong Financial Reporting Standards measure . For details , please refer to the section headed " Management Discussion and Analysis - Financial Review - Adjusted Net Profit and Adjusted EBITDA ” in this announcement . 1