FHS - FHS STOCK NEWS

First High-School Education Group (NYSE: FHS) received a delisting notice from the NYSE on November 7, 2022, due to falling below the required market capitalization of US$15,000,000. As a result, trading in its American depositary shares (ADSs) was suspended. The NYSE plans to file a Form 25-NSE with the SEC, leading to the removal of the ADSs from listing. The company anticipates potential quoting on the OTC Markets, which may result in decreased liquidity and declining share prices.

The NYSE announced it will begin proceedings to delist the American Depositary Shares (ADSs) of First High-School Education Group (ticker symbol FHS) due to non-compliance with the Exchange's continued listing standards. Trading of the ADSs was suspended on November 7, 2022, after the Company fell below the minimum average global market capitalization requirement of $15,000,000 over 30 trading days. The Company has the right to appeal this decision to the NYSE Board of Directors before the delisting occurs.

First High-School Education Group (NYSE: FHS) reported revenues of RMB274.2 million (US$38.5 million) for the nine months ended September 30, 2022, a modest increase of 0.5% year-over-year. Net income surged to RMB51.0 million (US$7.2 million), reflecting a 95.3% growth from RMB26.1 million in the previous year. Gross profit also increased significantly by 28.1% to RMB124.7 million (US$17.5 million), driven by effective cost control measures. Despite a slight decline in revenues from customers, the company expects total revenues for fiscal 2022 to grow by 10% to 15% year-over-year.

First High-School Education Group (NYSE: FHS), an education service provider in Western China, will release its unaudited financial results for Q3 2022 on November 2, 2022, before the U.S. market opens. The company will host an earnings conference call on the same day at 8:00 AM ET. The call can be accessed via international and domestic phone numbers provided in the release. An archived webcast will also be available on the company’s investor relations website. The company aims to be a leader in private high school education in China, focusing on comprehensive education management.

First High-School Education Group (NYSE: FHS) has declared a cash dividend of US$0.0146 per ordinary share, totaling approximately US$1.24 million after withholding tax. The dividend is set to be paid on October 18, 2022, to shareholders on record as of October 11, 2022. The Board's decision to declare dividends will depend on operational performance, earnings, and other financial factors. The company aims to lead private high school education in Western China while integrating diverse educational services.

First High-School Education Group (NYSE: FHS) reported a substantial increase in financial performance for the first half of 2022. Total revenues reached RMB211.4 million, up 20.9% from RMB174.8 million year-over-year. Net income soared to RMB42.7 million, contrasting last year's net loss of RMB3.8 million. Adjusted net income rose 282.1% to RMB42.7 million. Increased enrollment and expanded educational services contributed to revenue growth, while operational efficiency improvements drove profitability. The company expects revenue to range between RMB440 million to RMB460 million for FY2022.

First High-School Education Group Co., Ltd. (NYSE: FHS) is scheduled to release its unaudited financial results for the first half of 2022 on September 8, 2022, before U.S. markets open. An earnings conference call will follow at 8:00 AM U.S. Eastern Time. The company focuses on high school education services in Western China and aims to become a leader in the sector. For further details, investors can access the company's investor relations website.

First High-School Education Group (NYSE: FHS) announced a share repurchase program allowing the purchase of up to RMB4.0 million of its Class A ordinary shares over the next twelve months, starting July 15, 2022. This initiative reflects the Board's confidence in the company's long-term growth and aims to maximize shareholder value. The repurchases will occur via open market transactions or other legal means, subject to market conditions and regulations. Funding for the buyback will come from the company's existing cash balance.

First High-School Education Group (NYSE: FHS), an education service provider in Western China, has received a non-compliance letter from the NYSE due to its American depositary shares (ADS) trading below $1.00 for 30 consecutive trading days. The cure period to regain compliance expires on December 21, 2022. The company must raise its ADS closing price above $1.00 by the end of the cure period to avoid delisting. The Company is currently assessing its options in light of this situation.