It's good to see that China Education Group Holdings has rewarded shareholders with a total shareholder return of 7.7% in the last twelve months. That's including the dividend. That certainly beats the loss of about 5% per year over the last half decade. This makes us a little wary, but the business might have turned around its fortunes. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Consider risks, for instance. Every company has them, and we've spotted 2 warning signs for China Education Group Holdings you should know about.