Summary by Moomoo AI
As of August 31, 2024, the annual revenue of effective external education reached RMB955.1 million, an increase of 25.3% year-on-year. Gross profit was $312.8 million, up 24.2%; year-on-year net profit was $53.96 million, up 39.9% year-on-year. THE COMPANY PROPOSES TO DISTRIBUTE A FINAL DIVIDEND OF HK$0.25 PER SHARE AND A SPECIAL DIVIDEND OF HK$0.50 PER SHARE.Management said that the increase in grades was mainly due to the increase in student enrolment and the increase in tuition fees. High school and university enrolments are 9,609 and 24,698, respectively. The company plans to achieve future growth by working with third parties to establish new high schools, increase the utilization rate and tuition of existing schools, and establish international curricula.Looking ahead, the company is optimistic about the educational needs of southwest China and plans to continue expanding its business. The main risks include interest rate and liquidity risks. The Company will maintain the supply of funds through bank borrowings and implement cost adjustment measures to maintain business continuity.