Summary by Futu AI
For the year ended 31 August 2024, expected education recorded revenue of RMB3732.07 million, up 4.2% year-on-year. Net profit reached RMB613.09 million, an increase of almost 3 times over the previous year. Adjusted net profit was RMB693.18 million, with a net profit margin of 18.57%. The increase in income is mainly due to an increase in the number of students in the school and higher charging standards. Cost of sales increased by 13.5%, mainly due to increased staffing and campus maintenance costs.Management said that due to increased investment in improving the quality of teaching, adding more than 500 teachers, and optimizing the teacher structure, the employment rate of graduates is at the forefront of the same schools. Overseas institutions have developed rapidly, with the QS ranking of...Show More
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