Summary by Futu AI
For the year ended 31 August 2024, CCP's revenue reached RMB6579 million, up 17.1% year-on-year; gross profit was RMB3644 million, up 15.2%. Adjusted net profit was RMB2242 million, up 7.9%. The Board of Directors proposes to pay a final dividend of RMB10.28 per share. Cash reserves amounted to RMB6626 million.Management noted that the Group's number of students in the field of higher education has grown steadily, especially higher education has grown by 12.5% year-on-year. The Group continues to expand its investments in key economic areas such as Guangdong, Hong Kong, Macau and the Greater Bay Area, and promotes deep integration of the education chain, innovation chain, industry chain and talent chain. The Group's member schools have made significant progress in scientific research and have been approved for several national research projects.Looking ahead, the Group will continue to deepen cultural integration, innovate international education models, and strengthen internal talent development. Despite the challenges of regional policy changes and increased competition, the Group will ensure its sustainability by expanding its campus and optimizing its infrastructure.