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Guangzheng Education (06068) released interim results net profit of 54.685 million yuan, down 83.1% from the same period last year.
Zhitong Financial APP News, Guangzheng Education (06068) issued an announcement that in the six months ended February 28, 2022, the company's revenue was 115 million yuan (the same as below), down 89.4% from the same period last year; net profit was 54.685 million yuan, down 83.1% from the same period last year; and basic earnings per share was 2.52%.
Guangzheng Education (06068.HK) announces interim results, net profit of remaining business increased by 4622.4% to 54.7 million yuan.
Guang Guangzheng Education (06068.HK) announced on April 29 that for the six months ended February 28, 2022, the company's remaining business income was 116 million yuan (the same as below), an increase of 97.3% over the same period last year; the net profit of the remaining business was 54.7 million yuan, an increase of 4622.4% over the same period last year; and the core net profit generated by the remaining business was 52.23 million yuan, up 124.3% from the same period last year. The growth in the remaining business revenue is mainly due to the significant increase in the number of activities held by the company during the 2022 winter vacation. With years of experience in supply chain management, the Group is committed to
Guangzheng Education: interim results announcement Six months ended February 28, 2022
Guangzheng Education (06068) issued a profit warning, and the expected medium-term profit decreased by 80% to 85% compared with the same period last year.
Zhitong Financial APP News, Guangzheng Education (06068) announced that compared with a profit of 323 million yuan in the six months ended February 28, 2021, the group expects to make a profit of about 80% to 85% in the six months ended February 28, 2022. The remaining business of the Group is affected by seasonal factors, and the income in the second half of the financial year is generally higher than that in the first half of the financial year, due to sales of school uniforms and daily necessities during the summer vacation before the start of the new semester. As a result, the remaining business income for the six months ended February 28, 2021 was RMB 58.7 million, accounting for only
Guangzheng Education: inside Information Profit warning
Guangzheng Education (06068.HK) held a board meeting on April 29th to approve interim results
06068.HK announced on April 19 that the company will hold a board meeting on Friday, 29th April, 2022 to, among other things, consider and approve the unaudited interim results of the company and its subsidiaries for the six months ended February 28th, 2022, and recommend the payment of an interim dividend, if any.
Guangzheng Education (06068) subscribes for HK $117 million of Class A participating shares in the Fund.
Zhitong Financial APP News, Guangzheng Education (06068) announced that on April 14, 2022, the company entered into a subscription agreement with the fund GLAM-HKCFC MBS FUND as a subscriber, under which the company agreed to subscribe for Class A participating shares with a total subscription of HK $117 million. According to the announcement, the fund mainly invests in unlisted mortgage debt and mortgage-backed securities and various instruments in Hong Kong to seek long-term capital appreciation.
Under the wave of Hong Kong stock buybacks, who is the best choice for listed companies to buy back shares or trust to buy shares?
The way for listed companies to buy shares through trust in the secondary market is more flexible, with fewer operational restrictions, and the repurchased shares can be used as a source of shares to further motivate talents. The way of buying shares in the trust secondary market has gradually become the preferred choice of listed companies.
Some education stocks in Hong Kong bucked the trend and 6068.HK rose by more than 10%.
On April 12, some Hong Kong education stocks rose against the trend, of which Guangzheng Education rose by more than 10%. Guangzheng Education has previously said that the group has made a strategic shift, focusing on the expansion of the remaining business of light assets, and actively exploring the feasibility of operating an independent high school. The Group will expand through three business lines: comprehensive quality education services for students, school-related supply chain business, and the division of senior high school into a separate school entity. The Group said that the purpose of the future is to fully integrate resources and build an education service platform. In addition, Guangzheng Education disclosed the progress of the Zhongshan school project at the end of March this year, and the company also said that high school and
Hong Kong education stocks are collectively strong. At one point, 6068.HK rose by more than 26%.
Hong Kong education stocks strengthened collectively in intraday trading today, with Guangzheng Education rising more than 26% to HK $0.355 at one point. Guangzheng Education said a few days ago that the Group has made a strategic change, focusing on the expansion of the remaining business of light assets, and actively exploring the feasibility of operating an independent high school. The Group will expand through three business lines: comprehensive quality education services for students, school-related supply chain business, and the division of senior high school into a separate school entity. The Group said that the purpose of the future is to fully integrate resources and build an education service platform. Specific services include the provision of online education and learning products and services