On November 25th, Capital Bang learned that Chen Lin Education (Code: 01593.HK), a listed company in Hong Kong, announced that for the eight months ending August 31, 2021, the performance was expected to lose, and the net profit attributable to the shareholders of the listed company was-11.62 million yuan. The company belongs to the industry of education services.

The Company made the above forecast based on the following reasons: the expected loss is mainly due to a decrease in income resulting from a change in the balance sheet date of the financial year, an increase in employee benefit expenses and an increase in depreciation and amortization expenses (including the acquisition of Jiangxi College of Arts and Technology, Guizhou Industry and Trade Vocational College and Zhengzhou Aviation Port District Education Senior High School). The increase in the cost of sales, as well as the increase in interest expenses resulting from the acquisition.