Gench Edu (01525) announced its mid-term performance for 2024, with earnings of approximately 0.535 billion yuan, a year-on-year growth of 8.3%...
According to the Zhitong Financial APP, Gench Edu (01525) announced its mid-term performance for 2024, with earnings of approximately 0.535 billion yuan, a year-on-year growth of 8.3%; gross profit of approximately 0.331 billion yuan, a year-on-year decrease of 2.3%; net profit of approximately 0.18 billion yuan, a year-on-year decrease of 2%; earnings per share of 0.45 yuan.
In the 2023/24 academic year, the total number of full-time students at this college is 25,013, an increase of 546 compared to the 2022/23 academic year. The growth in the number of students is due to the increase in the number of students admitted to this college. In the 2024/25 academic year, this college plans to enroll 4,886 undergraduate students, 850 associate degree students, and 1,988 students for the associate to bachelor's degree program.
The announcement stated that the growth in earnings is mainly due to the increase in the number of students and the increase in average tuition and boarding fees per student during the reporting period.