民生教育：2019年报.PDF

Annual Report 2019 CONTENTS 目錄 Company Profile 2 公司簡介 Corporate Information 3 公司資料 Financial Highlights 6 財務摘要 Chairman’s Statement 7 主席報告 Management Discussion and Analysis 10 管理層討論及分析 Directors and Senior Management 38 董事及高級管理層 Report of the Directors 45 董事會報告 Corporate Governance Report 126 企業管治報告 Independent Auditor’s Report 145 獨立核數師報告 Consolidated Statement of Profit or Loss 157 and Other Comprehensive Income 綜合損益及其他全面收益表 Consolidated Statement of Financial Position 159 綜合財務狀況表 Consolidated Statement of Changes in Equity 161 綜合權益變動表 Consolidated Statement of Cash Flows 163 綜合現金流量表 Notes to Financial Statements 167 財務報表附註 COMPANY PROFILE 公司簡介 Minsheng Education Group Company Limited (the “Company”), 民生教育集团有限公司（「」），連同其 together with its subsidiaries (collectively refer to as the “Group” 附屬公司（統稱「」或「」）為中華人 or “We”), is the leading private higher education and vocational 民共和國（「」）領先的民辦高等教育及職 education operator in the People’s Republic of China (the “PRC” 業教育運營商。本集團主要專注於(i)在中國 or “China”). The Group mainly focuses on providing high- 提供優質的高等教育和職業教育；及(ii)提 quality (i) higher education and vo