Bojun Edu (01758) announced its mid-term performance until February 29, 2024, with revenue of approximately 227 million yuan, a year-on-year increase of 444.9%; gross profit of approximately 107 million yuan, a year-on-year increase of about 12.5 times; profit attributable to owners of the company of 5.834 million yuan, turning losses into gains YoY; basic earnings per share of 0.66 cents.
As of February 29, 2024, the group has enrolled a total of 32,693 students, including 193 kindergarten students, 967 high school students, and 31,533 professional education students.
The revenue growth is mainly due to the completion of the acquisition by the group on August 31, 2023. This acquisition is part of the group's business strategy to expand in the professional education sector and is expected to achieve synergies with its existing basic education sector.