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Hong Kong stocks concept tracking | Bullish again in the education industry, institutions bullish on the valuation of the education sector continues to improve (with concept stocks).
On August 26, the Central Committee of the Communist Party of China and the State Council issued the opinions on promoting the spirit of educators and strengthening the construction of a high-quality and professionalized education workforce in the new era.
Scholar edu (01769.HK): Performance exceeds expectations, high growth is expected to continue.
Key Points: Performance Overview. The company released the 2024 interim performance announcement. 24H1 achieved revenue of 0.4 billion yuan, a year-on-year increase of 58.8%; gross margin of 44.4%, achieving a net income of 82.652 million yuan, a year-on-year increase.
HK Stock Market Unusual Movement | Scholar Edu (01769) rises more than 3% again, high increase in prepayments, institutions bullish on continued improvement in profitability.
Scholar edu (01769) rose more than 3%, as of the time of publication, rose 3.6%, reported HKD 5.76, turnover of HKD 5.7421 million.
Scholar edu (1769.HK): impressive performance, expanded school scale, high increase in contractual liabilities.
In the first half of 2024, scholar edu actively promoted the transformation of non-disciplinary literacy products, and performance grew significantly. In 2024H1, the company achieved revenue of 0.399 billion yuan, a year-on-year increase of 58.8%; achieving a net income attributable to the parent company of 0.083 billion.
Scholar Edu (01769.HK): net income increased by 93%, reaching a record high, opening a new chapter of rapid growth.
The education industry is continuing to heat up, with the sector's beta value constantly increasing, and the market's focus once again turning to education service providers. Recently, the education service leader in the southern region - Scholar Edu, released its mid-2024 performance report, once again breaking historical records with an impressive report card, showing strong growth momentum and broad market prospects. The financial report shows that Scholar Edu Group achieved revenue of 0.399 billion yuan (RMB) in the first half of the year, a significant increase of 58.8% compared to the same period last year, far exceeding market expectations; operating profit was 0.114 billion yuan, up 129.2% year-on-year; and the net profit attributable to owners for the period was
Scholar edu (1769.HK): impressive 24H1 performance with high increase in prepayments and continued improvement in profitability.
Key Point 24H1: Year-on-year revenue, adjusted net income increased by 58.8%, 101.1% respectively. Profit growth rate is faster than revenue growth rate. This is mainly due to the improvement of gross margin driven by the increase in teacher utilization rate and the cost reduction under the scale effect. 24H1 non-academic subjects.
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