Overseas Chinese Equities, Aequitas Research

Ming Lu

Overseas Chinese Equities

Equity Capital Markets

Tianli Education / Equity Capital Markets

Dramatic Growth
Tianli Education is a private K-12 school operator.  The Company has 20 self-owned schools, 5 operated schools and 3 franchisees, most of which are located in Sichuan Province, China.
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In 2017 (most recently released financial data), its student enrolment increased 31% (Exhibit 1) and total revenues increased 43% (Exhibit 2).  It is more encouraging that operating profits increased 214% (Exhibit 3) and operating cash inflow increased 65% in 2017 (Exhibit 4).
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No Typical Risks for…

Dramatic Growth
Tianli Education is a private K-12 school operator.  The Company has 20 self-owned schools, 5 operated schools and 3 franchisees, most of which are located in Sichuan Province, China.

In 2017 (most recently released financial data), its student enrolment increased 31% (Exhibit 1) and total revenues increased 43% (Exhibit 2).  It is more encouraging that operating profits increased 214% (Exhibit 3) and operating cash inflow increased 65% in 2017 (Exhibit 4).

No Typical Risks for…

Tianli Education (1773 HK) Grows Dramatically Without Typical Shortages, Upside 22%~43%

China

Tianli Education International Holdings Limited operates as a private education service provider. The Company provides tutoring services for primary school students and pre-kindergarten children. Tianli Education International Holdings serves students in China.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
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Dividend (Yield)	0.00

Tianli Education (1773 HK) Grows Dramatically Without Typical Shortages, Upside 22%~43%

Dramatic Growth Tianli Education is a private K-12 school operator. The Company has 20 self-owned schools, 5 operated schools and 3 franchisees,...

Ming Lu