Summary by Moomoo AI
As of the fiscal year ended August 31, 2024, China Edu Group's revenue reached RMB 6,579 million, a year-on-year growth of 17.1%; gross profit was RMB 3,644 million, up 15.2%. Adjusted net profit was RMB 2,242 million, an increase of 7.9%. The board of directors proposed to distribute a final dividend of RMB 0.1028 per share. Cash reserves amounted to RMB 6,626 million.Management pointed out that the group's enrolled students in higher education steadily increased, especially with a 12.5% year-on-year growth in enrolled higher education students. The group continues to increase investment in key economic areas such as the Guangdong-Hong Kong-Macao Greater Bay Area, promoting the deep integration of the education chain, innovation chain, industry chain, and talent chain. The group's...Show More