beststudy edu (03978) released its performance for the six months ending on June 30, 2024, with revenue of 0.317 billion yuan (RMB, same below), a year-on-year increase of 68.1%; the company's attributable net profit was 54.527 million yuan, a year-on-year increase of 160.7%; basic earnings per share were 7.25 points.
The main reason for the significant increase in performance during this period is that under the guidance of the education regulatory authorities, the group's products completed the transformation of quality, and the quality products transformed were highly recognized by parents and students. Secondly, in the first half of 2023, market demand recovered slowly, resulting in lower revenue during this period.
