Summary by Moomoo AI
As of August 31, 2024, Chengshi Wai Education's annual revenue reached 955.1 million yuan, a year-on-year increase of 25.3%. The gross profit was 312.8 million yuan, an increase of 24.2%; the net profit for the year was 53.96 million yuan, a year-on-year increase of 39.9%. The company proposed a final dividend of 0.25 Hong Kong cents per share and a special dividend of 0.50 Hong Kong cents per share.
The management stated that the performance growth was mainly due to the increase in student enrollment and the rise in tuition fees. The enrollment numbers for high school and university were 9,609 and 24,698, respectively. The company plans to achieve future growth through strategies such as establishing new high schools in collaboration with third parties, increasing the utilization...Show More