First High-School Education Group (NYSE: FHS) reported its financial results for Q4 and FY 2020 on April 5, 2021. Q4 revenues reached RMB163.6 million, up 36.2% YoY, while net income soared 94.6% to RMB47.0 million. For FY 2020, total revenues were RMB445.8 million, an increase of 32.5%, with net income rising 155.3% to RMB80.9 million. The company also noted a significant enrollment increase of 21.8% to 25,867 students. Looking ahead, FHS projects FY 2021 revenues between RMB770 million to RMB820 million, indicating a growth of 73% to 84% YoY.
First High-School Education Group (FHS), the leading private high school operator in Western China, will release its unaudited financial results for Q4 and the fiscal year 2020 on April 5, 2021, after U.S. market close. An earnings conference call is scheduled for April 6, 2021, at 8:00 AM ET. The company operates 19 schools, providing a variety of educational programs, and aims to be an innovator in private high school education in China. For more information, visit their investor relations website.
First High-School Education Group, the largest operator of private high schools in Western China, announced the completion of its initial public offering on March 15, 2021. The IPO involved the sale of 7,500,000 American Depositary Shares (ADSs) at $10.00 each, raising a total of $79.5 million. The Company received $54.5 million, while $25 million was raised through a concurrent private placement. This marks a significant step for the Company, which operates 19 schools and aspires to be a leader in Chinese private education.
First High-School Education Group Co., Ltd. (NYSE: FHS) announced its initial public offering, pricing 7,500,000 American Depositary Shares (ADSs) at $10.00 each, raising approximately $75 million. The offering consists of 5,000,000 ADSs from the Company and 2,500,000 from a Selling Shareholder. Trading is set to begin on March 11, 2021, with an expected close on March 15, 2021. The underwriters hold an option to purchase an additional 1,125,000 ADSs within 30 days. This event marks a significant step for the largest private high school operator in Western China.