Thinking Music Education (01769) rose more than 7% in the intraday period. As of press release, it was up 3.73% to HK$4.45, with a turnover of HK$29.3918 million.
The Zhitong Finance App learned that Xile Education (01769) rose more than 7% in the intraday period. As of press release, it had risen 3.73% to HK$4.45, with a turnover of HK$29.3918 million.
According to the news, Thinking Music Education will release the results on March 28. The company previously announced Yingxi. Net profit for 2023 is expected to be no less than 80 million yuan, an increase of no less than 47% over the previous year; adjusted net profit is expected to be no less than RMB 100 million, an increase of about 83.8% over the previous year. In addition, the company announced a share option plan to sell 16.67 million shares at an exercise price of HK$4.48.
Guotai Jun An pointed out that after the “double reduction”, the reduction rate of subject training institutions has reached 90%. Leading businesses that were the first to complete compliance have restarted. Benefiting from the improved pattern, the market share is expected to increase dramatically. Quality education is encouraged by policies, and high school business is being carried out normally. The company has completed compliance transformation, based on non-subject quality education and rapid development of high school business. Considering the gradual clarification of policies and slow supply recovery, compliance leaders are expected to continue to benefit. The company's net profit for 2023-2025 is expected to be 1.02/1.5/218 million yuan, respectively.