Summary by Moomoo AI
Think Music Education Group issued a positive profit forecast on February 27, 2024, and expects to record a net profit of at least RMB80.0 million for the year ended December 31, 2023, an increase of no less than 47.0% over the same period last year. The expected net profit already includes share rights benefits expense of approximately RMB8.0 million and a net loss of approximately RMB12.0 million for the live broadcast business. Although the live broadcast business ends before the end of 2023, the company does not expect to incur significant expenses in 2024. The company's adjusted net profit is expected to reach RMB100.0 million, an increase of approximately 83.8% over the previous year. In addition, the company's core operations remained profitable and showed growth momentum in 2023, and actively pursued...Show More