Zhitong Finance and Economics app has learned that South China Vocational Education (06913) is now up more than 10%, up 10% as of this writing, to HKD 0.33.

Swhy pointed out that the change in talent training methods under the background of vocational education reform has brought about demand growth. Vocational training institutions and private higher vocational education, as the main institutions for practical talent training, will enjoy the demand surge brought about by vocational education reform under the background of economic recovery. Minsheng Securities also pointed out that under the current environment, there is room for countercyclical growth in the sub-segment demand targeted by some vocational education leaders.

It is worth noting that South China vocational education has previously announced its performance in 2023, with a revenue of about 556 million yuan, a year-on-year increase of 7.7%; gross profit of 176.5 million yuan, and a net profit attributable to owners of the parent company of 112 million yuan, with earnings per share of 0.08 yuan. It plans to distribute a final dividend of HKD 0.048 per share.