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光正教育(06068)发盈警,预期中期利润同比减少80%至85%

Guangzheng Education (06068) issued a profit warning, and the expected medium-term profit decreased by 80% to 85% compared with the same period last year.

Zhitong Finance ·  Apr 22, 2022 20:07

Zhitong Financial APP News, Guangzheng Education (06068) announced that compared with a profit of 323 million yuan in the six months ended February 28, 2021, the group expects to make a profit of about 80% to 85% in the six months ended February 28, 2022.

The remaining business of the Group is affected by seasonal factors, and the income in the second half of the financial year is generally higher than that in the first half of the financial year, due to sales of school uniforms and daily necessities during the summer vacation before the start of the new semester. As a result, the remaining business income for the six months ended 28 February 2021 was RMB58.7 million, accounting for only 27% of the remaining business income of RMB220 million for the year ended 31 August 2021.

For the six months ended February 28, 2022, all of the Group's core net profit was generated from the remaining business, which is expected to be RMB 50 million to RMB 60 million, an increase of more than 110% over the core net profit of RMB 23.3 million generated by the remaining business for the six months ended February 28, 2021. The improvement in the performance of the remaining business during the relevant period was mainly attributable to the substantial increase in revenue due to the substantial increase in the number of activities held by the Group during the 2022 winter vacation.

The translation is provided by third-party software.


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