On October 30, Gelonghui | Bexcellent Group (01775.HK) announced that as of the fiscal year ending July 31, 2024, the group's revenue increased by 19.8% year-on-year to 0.157 billion Hong Kong dollars. The total number of students enrolled in private secondary school supplementary education services decreased by 8.3% to 0.121 million from 0.132 million. The group's loss decreased by 13.5% year-on-year to 23.3 million Hong Kong dollars. Adjusted loss of the group decreased by 27.0% year-on-year to 23.2 million Hong Kong dollars. The loss attributable to owners of the company decreased by 11.6% to 24.6 million Hong Kong dollars from 27.8 million Hong Kong dollars.

During the reporting period, the group achieved a significant increase in revenue, with a year-on-year increase of 19.8%. After the COVID-19 pandemic, students' learning is no longer affected by any epidemic prevention measures. Although the economy has not fully recovered, the group saw growth in revenue from private secondary school supplementary education services, resulting in a 9.7% year-on-year increase to 95.5 million Hong Kong dollars. Meanwhile, the proportion of revenue from private secondary school supplementary education services decreased from 66.3% in the fiscal year ending July 31, 2023, to 60.8% in the fiscal year ending July 31, 2024. This is consistent with the group's recent adoption of a diversified business strategy. All of the group's main services and products recorded growth, including a 72.3% year-on-year increase in revenue from providing school services to 28.2 million Hong Kong dollars. This has enabled the group to successfully enter the B2B markets in Hong Kong and mainland China, which is truly encouraging.