HK Stock Connect Insight | TIANLI INT HLDG (01773.HK): Annual profit alert sees adjusted profit down 12.3%-15.6%; cut from Stock Connect on Sept 7

NewTimeSpace News: Tianli International Holdings Limited (HKEX stock code: 01773) published a voluntary announcement on Oct 15 disclosing the latest business developments of the Group. According to the announcement, new student enrolments at self-operated schools reached 28,188 at the start of the 2026 autumn term, up 4.6% year on year, while the total number of students served fell 14.5% to about 120,600, of which self-operated school students fell 10.4% to about 75,900 and managed school students fell 20.8% to about 44,800.

The company said it had terminated the entrusted management of four managed schools in advance as it concentrated resources on higher-quality partner regions, and it expects the number of students graduating and leaving in 2027 to fall significantly compared with 2026.

In the Hong Kong market, trading in 01773.HK has been thin. The stock closed at HK0.730 on Oct 15, down 1.35% from HK0.740 in the previous session, on turnover of HK3.6759 million and a turnover rate of 0.24%. It closed at HK0.690 on Oct 21, down 3.50%, on turnover of HK2.4763 million and a turnover rate of 0.17%, taking the price below the level recorded on the day the profit alert was published. As of 13:40 Hong Kong time on Oct 22, the shares stood at HK0.685, down 0.72%.

On southbound holdings, the company was cut from the Stock Connect list effective Sept 7, 2026 following changes to the Hang Seng Composite Index review results, with the Shanghai Stock Exchange publishing the adjustment notice on Sept 4 and the Shenzhen Stock Exchange on Sept 7. After the removal there are no new southbound purchases, but the selling and settlement of existing positions continue to be disclosed. Measured on Sept 17, the first full disclosure date after the removal, southbound holdings stood at 379 million shares, equal to 18.11% of issued shares. Holdings have since declined gradually as existing positions were sold down, reaching 358 million shares on Oct 21, or 17.09% of the company's issued shares, about one percentage point below the level seen around the removal.

On fundamentals, the most recent complete set of financial statements is the interim results for the six months ended Feb 28, 2026, reported in RMB: revenue of RMB2.143 billion, up 14.2%; gross margin of 35.2%, down 2.4 percentage points from a year earlier; and profit for the period of RMB471 million, up 21.0%. By segment, comprehensive educational services generated RMB1.047 billion, sale of products RMB691 million, up 45.6%, and comprehensive logistical services RMB327 million, down 1.7%.