Summary by Futu AI
GUANGCHENG EDUCATION INTERNATIONAL HOLDINGS LIMITED (STOCK CODE: 6068) ANNOUNCED ITS 2024 INTERIM REPORT. The report showed that for the six months ended February 29, 2024, the company's revenue was RMB 79,663 million, down 29.7% from the same period last year; profit for the period was RMB47,174 million, down 14.2%; core net profit was RMB16.598 million, down 59.4%. Basic earnings per share were RMB2.17 cents. The Company's operations mainly involve school-related supply chain businesses and integrated education services. During the reporting period, the Company completed the sale of 117,000 Class A Participating Shares of Glam Fund at a transaction cost of HK$101 million. The Board of Directors does not recommend the distribution of an interim dividend. THE COMPANY CONTINUES TO EXPLORE THE POSSIBILITY OF SPLITTING THE HIGH SCHOOL PORTION INTO AN INDEPENDENT ENTITY IN ORDER TO RESTORE CONTROL OVER THE RELEVANT HIGH SCHOOL ENTITY IN ACCORDANCE WITH APPLICABLE LAWS AND REGULATIONS.