<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>

新高教集團

中國新高等教育集團在截至 3 月的財政年度上半年報告顯示，收入增長 2.6%，達到近 15 億人民幣（約合 2.19 億美元），主要受學費和住宿費上漲的推動。核心運營成本同比上升 4.9%，達到 9.1 億人民幣，其中勞動力成本上漲 5.3%。毛利率下降 1.3 個百分點至 37.2%，淨利潤微增 0.6% 至 4.72 億人民幣。

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