Glonghui, April 29, 丨According to the Daimo Development Research Report, the performance of New Higher Education Group (2001.HK) for the first half of this year was generally in line with expectations. Revenue increased 32% year-on-year to 1.04 billion yuan, slightly higher than the bank's expectations. Net profit margin fell 4 percentage points to 33% year-on-year, which was generally in line with expectations, keeping the target price unchanged at HK$3.2, giving it an “increase in holdings” rating. The bank said that New Higher Education maintains the guidelines of 15% year-on-year profit growth for this fiscal year and a compound annual growth rate of 15% for the next three years. This will be mainly driven by tuition fees. It also appreciates that the company's dividend rate is higher than that of peers.