According to the Zhitong Finance App, Ginkgo Education (01851) announced results for the year ended December 31, 2023, with revenue of 355 million yuan (RMB, same below), up 24% year on year; net profit of 148 million yuan, up 74.1% year on year; basic profit of 0.30 yuan per share.

The Group's revenue for the reporting period increased by about 24%, mainly due to tuition fees of about $303.4 million, an increase of about 22.9%, and accommodation fees for the reporting period of about $24.9 million, an increase of about 27.5%. The increase was due to the increase in the number of students enrolled in the 2023/2024 school year and the increase in average tuition and accommodation fees.