The Zhitong Finance App learned that Minsheng Education (01569) was more than 14% lower. As of press release, it fell 14.29% to HK$0.27, with a turnover of HK$638,800.

According to the news, Minsheng Education announced its 2023 annual results, with revenue of RMB 2.352 billion (same unit), a slight decrease of about 0.1% year on year; profit attributable to owners of the parent company was 139 million yuan, a decrease of 71.66% year on year; it plans to pay a final dividend of HK 0.98 cents per share, compared to HK 4.29 cents for the same period last year.

Furthermore, the announcement stated that the slight decrease in revenue was mainly due to a decrease in online education revenue during the reporting period due to the cessation of online education enrollment, while the related decline was partially offset by an increase in campus education revenue during the reporting period.