As policy dividends continue to be released, China's Chunlai (01969) high-quality growth strategy continues to be implemented.
The Zhitong Finance App learned that recently, Morningstar Morningstar confirmed China Chunlai (01969)'s four-star quantitative rating. According to model calculations, China's Chunlai stock price on the same day was HK$4.80 compared to HK$6.74, which is a 28.76% discount based on the quantitative fair value estimate. Globally, the ratio of the stock price to fair value is 44%, and compared to the defensive consumer industry, it is in the 40% quartile, and is undervalued. Morningstar continues to maintain a high quantitative uncertainty rating for China's spring season.
In recent years, vocational higher education has successively received national policy support. This includes encouraging higher education institutions to strengthen the integration of industry and education and cultivate applied talents. As policy dividends continue to be released, China's strategy for high-quality growth since spring has also continued to be implemented.
Recently, China Chunlai announced its interim results for the six months ended February 29, 2024, with revenue of about 814 million yuan, up 8.7% year on year; net profit of about 384 million yuan, up 16% year on year; adjusted net profit of about 386 million yuan, up 16.3% year on year.