As of August 31, 2024, Chengshiwai Education's annual revenue reached 955.1 million yuan, a year-on-year increase of 25.3%. The gross profit was 312.8 million yuan, up 24.2%; the net profit for the year was 53.96 million yuan, an increase of 39.9% compared to the same period last year. The company recommends a final dividend of 0.25 Hong Kong cents per share and a special dividend of 0.50 Hong Kong cents per share. Management stated that the growth in performance is mainly due to an increase in student enrollment numbers and tuition fee adjustments. The enrollment numbers for high schools and universities were 9,609 and 24,698 respectively. The company plans to achieve future growth through strategies such as establishing new high schools in cooperation with third parties, improving the utilization...Show More

As of August 31, 2024, Chengshiwai Education's annual revenue reached 955.1 million yuan, a year-on-year increase of 25.3%. The gross profit was 312.8 million yuan, up 24.2%; the net profit for the year was 53.96 million yuan, an increase of 39.9% compared to the same period last year. The company recommends a final dividend of 0.25 Hong Kong cents per share and a special dividend of 0.50 Hong Kong cents per share. Management stated that the growth in performance is mainly due to an increase in student enrollment numbers and tuition fee adjustments. The enrollment numbers for high schools and universities were 9,609 and 24,698 respectively. The company plans to achieve future growth through strategies such as establishing new high schools in cooperation with third parties, improving the utilization rate and tuition fees of existing schools, and setting up international programs. Looking ahead, the company is optimistic about the demand for education in southwest China and plans to continue expanding its business. The main risks include interest rate and liquidity risks, and the company will maintain capital supply through bank loans and implement cost-saving measures to ensure sustainable operations.