Summary by Moomoo AI
Scholar Edu released the unaudited performance report for the six months ended June 30, 2024, showing that the group's revenue increased by 58.8% to RMB 399,113 thousand, from RMB 251,323 thousand in the same period last year. Operating profit and owner's profit for the period increased by 129.2% to RMB 113,819 thousand and 92.5% to RMB 82,652 thousand, respectively. Basic earnings per share increased from RMB 7.73 to RMB 15.21 in the same period last year. The growth in performance was mainly due to the increase in total guidance time and the improvement of operational efficiency. In addition, the Group actively promoted business transformation, launched various non-disciplinary literacy courses, and started education travel business and international courses from July 2023 to further expand the revenue base. The management team of the Group is full of confidence in future growth, and will continue to seek new business opportunities and improve service quality and operation efficiency.
