Commentary on China Public Education's (002607) 2023 Report and 2024 Quarterly Report: Shutting down and merger, reducing crude refinement, and profit improved markedly in the first quarter
Key investment events: The company released its 2023 annual report and 2024Q1 quarterly report. Revenue in 2023 fell 36.0% year-on-year to $3.09 billion, and net profit to mother was -210 million yuan (-11 in 2022.
China Public Education (002607): Profit from operations showed results, Q1 operating cash flow improved
The 23-year results were in line with the forecast. The 24Q1 business level gradually ushered in an inflection point. In 23, China Public Education achieved revenue of 3,086 billion yuan (yoy -36.03%), and a net loss to mother of 209 million yuan, a year-on-year narrowing of 80.9 million yuan
China Public Education (002607.SZ): Net profit of 82.7928 million yuan in the first quarter increased 240.67% year-on-year
Gelonghui, April 30, 丨 China Public Education (002607.SZ) released its report for the first quarter of 2024, achieving operating income of 763 million yuan; net profit attributable to shareholders of listed companies was 82.7928 million yuan, an increase of 240.67% over the previous year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 82.1758 million yuan, an increase of 259.11% over the previous year; and basic earnings per share were 0.01 yuan.
China Public Education (002607.SZ) reported first-quarter results, net profit of 82.7928 million yuan, an increase of 240.67% over the previous year
China Public Education (002607.SZ) released its report for the first quarter of 2024. The company achieved operating income during the reporting period...
Caitong Securities: Benefiting from the expansion of supply and the release of application demand, leading public sector candidates are expected to benefit
The Zhitong Finance App learned that CaiTong Securities released a research report saying that the public service examination and training industry is expected to maintain a high boom for a long time, and the recruitment volume for public jobs is expected to rise steadily from 1.5 million in 2024; the number of fresh graduates applying for the exam will reach 11.79 million in 2024, and is expected to remain at 110-12 million in the future. In the short term, the joint provincial examination and the written examination for public institutions ended in March. The written test results will be released one after another after mid-April. The interview course training will usher in a peak in enrollment. It is expected that major companies will have a high degree of certainty in Q2 performance. Benefiting from the expansion of supply and the release of demand to apply for examinations, public service training
Express News | 48 stocks were traded in large quantities, with Minsheng Bank leading the premium rate of 11.03%
Wang Zhendong, shareholder of China Public Education, reduced his shareholding by 131 million shares, and previously went through pledge and release procedures
Wang Zhendong reduced his holdings by 2.12% of China Public Education's total share capital of the stock station.
Wang Zhendong, shareholder of China Public Education (002607.SZ), reduced its shares by 2.12% in bulk transactions
China Public Education (002607.SZ) issued an announcement. The company received a notice from shareholder Wang Zhendong and learned that it had reduced its holdings by 131 million shares through bulk transactions, accounting for 2.12% of the company's total share capital.
Zhitong A-share Dragon Tiger List Statistics|March 18
The Zhitong Finance App learned that on March 18, a total of 45 companies appeared on the A-share Dragon Tiger List. Among them, China Public Education (002607.SZ), Oriental Precision Industries (002611.SZ), and Yawei (002559.SZ) ranked in the top three for total net purchase amounts of the top 5 seats, with a total net purchase amount of 196 million yuan, 129 million yuan, and 128 million yuan respectively. Top ten net purchase companies Company code Top five seats Net purchase amount CCG Education 00267.196 billion Dongfang Seiko 002611.129 billion Yawei Co., Ltd. 002559,128 million Fengfeng Aowei 002
China Public Education (002607.SZ) grants 39.85 million restricted shares at a grant price of 1.98 yuan/share
China Public Education (002607.SZ) Notice, according to the “Administrative Measures on Equity Incentives for Listed Companies”, “China Public Education Department...
Express News | The CCP Education bulk transaction reached 143 million yuan, with a discount rate of 1.52%
Express News | 85 A-shares are now traded in bulk at 1,799 billion yuan, with Kweichow Moutai, Midea Group, and China Public Education have the highest turnover
Haitong Securities: The number of travelers during the Spring Festival is expected to reach a record high, and they are optimistic about the cost performance ratio to experience the main consumer line
The Zhitong Finance App learned that Haitong Securities released a research report saying that according to the Ministry of Transport's forecast, the 2024 Spring Festival travel season is expected to reach a record high of 9 billion people during the 40-day travel season (1.26-3.5). Furthermore, according to Flying Pig data, as of January 18, reservations for various categories such as hotels, car rental, cruises, and group tours had far surpassed the same period in 2019. Among them, hotel reservations increased 1.6 times over the same period in 2019, and group tours recovered to 134% in 2019. The bank believes that the industry as a whole is showing a gradual recovery trend. Fundamentals are expected to shift to long-term high-quality development, be optimistic about cost performance and experience the main consumer line, and focus on the early correction
China Public Education (002607): Proposed equity incentives to demonstrate confidence in long-term growth
Event: The company plans to release the first restricted stock incentive plan in 2024. The number of restricted shares to be granted is 40,000,000 shares, accounting for about 0.65% of the current total share capital of the company. The details of the equity incentive are as follows: 1
China Public Education launches its first equity incentive plan with high performance indicators showing confidence in development
On the evening of January 31, China Public Education announced a draft equity incentive plan to grant 260 core employees no more than 40 million restricted shares, accounting for about 0.65% of the company's total share capital. Among them, the company-level performance assessment targets are that the revenue for 2024 and 2025 can reach 4 billion yuan and 4.6 billion yuan respectively. The high performance indicators fully reflect the confidence of the core management and management team in the company's long-term plans and continued high revenue growth over the next two years. It is worth mentioning that this is also China Public Education's first equity incentive plan since its listing. According to the announcement, 260 equity incentive recipients this time
The A-share education sector declined
GLONGHUI, January 31 | China Public Education hit a standstill. MeiJim previously fell to a halt. Oriental Fashion, Broadcom Co., Ltd., Kaiyuan Education, Onli Education, and Guomai Technology fell more than 5%.
China Public Education is expected to reduce losses drastically in 2023
On the evening of January 30, China Public Education (002607.SZ) released its 2023 annual results forecast. The announcement shows that the company expects net profit attributable to shareholders of listed companies in 2023 to be -175.0 million yuan — -22.5 million yuan, a sharp reduction of 84.12% to 79.58% compared to last year. The company said that during the reporting period, with the improvement of the business environment, the company continued to push forward the business promotion plan that has been carried out since 2022, actively adjust the market strategy, shift from scale to efficiency, focus on profit acquisition, further optimize the product structure, and enhance the company
Chinese Public Education (002607): Standing at the starting point of reversing a difficult situation
We believe that the company has actively resolved refunds and initiated “repair and consolidation actions” to continuously fix problems in management in terms of organizational structure, employee incentives, product innovation, and marketing methods. The company is at the beginning of a difficult reversal. sectors
Chinese Public Education (002607): Reorganizing efforts and the dawn of adversity
Chinese public education: leading domestic vocational education and training in all categories. The company's predecessor was founded in 1999 and restructured and listed on the Shenzhen Stock Exchange in January 2019. The company targets hundreds of millions of knowledgeable people in China, and its main business spans public service positions
Express News | Northbound capital reduced the market value of Kweichow Moutai, Huichuan Technology, and China Public Education by more than 100 million yuan
No Data