Alli International Education Leasing (01563.HK) announced that the company is expected to record a comprehensive net income of RMB 152 million to RMB 212 million for the 15 months ending on March 31, 2024, compared with a net income of about RMB 372 million for the fiscal year 2022, a decrease of about 43% to 59%.

The expected decrease in net income is mainly due to the one-time gain of about RMB 270 million generated by the acquisition of 70% equity interest in Yantai Nanshan University, which was included in the group's consolidated financial statements for the fiscal year 2022, but there is no such income in this reporting period.

However, if we exclude the impact of the one-time gain in fiscal year 2022 and any related tax effects, the company's expected net income for 2022 is about RMB 102 million. Compared with the net income of this reporting period, the net income of this reporting period is expected to increase by about 49% to 108%.