<div id="readability-page-1">Vocational educator China New Higher Education Group Ltd. (2001.HK) on Tuesday reported its revenue rose 2.6% to nearly 1.5 billion yuan ($219 million) in the six months to March, the first half of its fiscal year, driven by higher tuition and boarding fees. The company’s core operating costs climbed 4.9% year-over-year to 910 million yuan during the six-month period. That included a 5.3% year-over-year rise in labor costs, a result of rising compensation and benefits for core teaching roles. Its gross margin for the period fell by 1.3 percentage points to 37.2% from 38.5% a year earlier, while its net profit edged up 0.6% to 472 million yuan. The company also said its partnership with Germany’s Steinbeis University is steadily advancing to establish a higher education institution in the Hainan Free Trade Port, which will offer undergraduate and advanced degree programs. Shares of China New Higher Education opened flat at HK$0.73 on Wednesday. The stock is down 50% from its 52-week high. By Lau Chi Hang To subscribe to Bamboo Works weekly free newsletter, click here</div>

新高教集团

中国新高等教育集团在截至 3 月的财政年度上半年报告显示，收入增长 2.6%，达到近 15 亿人民币（约合 2.19 亿美元），主要受学费和住宿费上涨的推动。核心运营成本同比上升 4.9%，达到 9.1 亿人民币，其中劳动力成本上涨 5.3%。毛利率下降 1.3 个百分点至 37.2%，净利润微增 0.6% 至 4.72 亿人民币。

BRIEF: China New Higher Education’s profit inches up in first half of fiscal year