Summary by Futu AI
As of the fiscal year ended August 31, 2024, China Edu Group's revenue reached RMB 6579 million, a year-on-year increase of 17.1%; gross profit was RMB 3644 million, an increase of 15.2%. Adjusted net profit was RMB 2242 million, an increase of 7.9%. The board of directors recommended a final dividend of RMB 10.28 per share. Cash reserves amounted to RMB 6626 million.
Management pointed out that the group's enrollment in higher education has steadily increased, especially a 12.5% year-on-year growth of students in higher education. The group continues to increase investments in key economic regions such as the Greater Bay Area, and promotes the deep integration of education chains, innovation chains, industry chains, and talent chains. The group's member schools have made significant...Show More