公司在资产负债表也显示出公司的财务稳健性。银行存款7.6亿，同比增长125.4%，流动资产的增长和良好的现金流状况为公司的持续投资和市场扩张提供了坚实的财务基础。展望未来，卓越教育集团将继续坚持创新驱动，不断优化和升级教育产品和服务，以满足不断变化的市场需求，开拓更广阔的市场空间。The Beststudy Edu Group (03978) achieved a YoY growth of 320.9% in the field of quality education in the interim report. In the first half of the year, the revenue was 320 million yuan, a YoY growth of 68%; net profit was 54.42 million yuan, a YoY growth of 170%; and the contract liability was 460 million yuan, a YoY growth of 184%, providing a certain degree of certainty and security for the operation of the education business in the second half of 2024. Both gross margin and net margin have improved significantly, and many brokerages have issued research reports raising their performance expectations for Beststudy Edu Group.
In the wave of transformation in the education industry, Beststudy Edu Group, with its successful transformation in the field of quality education, not only conforms to the direction of the national education policy, but also demonstrates the company's professional strength and brand influence in the field of education through a series of high-quality courses and services, such as "Excellent Programming" and "Didawenxue".
While deeply cultivating the Guangzhou market, Beststudy Edu Group actively expands to core cities in the Greater Bay Area such as Shenzhen and Foshan, demonstrating strong regional market growth potential. With its market expansion strategy combined with its deep accumulation in the field of quality education, the company is expected to achieve significant business growth and revenue growth in these key regions. At the interim performance conference, the company proposed a revenue target of 5 billion yuan in Guangdong region in five years.
The company's financial stability is also reflected in its balance sheet. Bank deposit reached 760 million yuan, a YoY growth of 125.4%. The growth of current assets and good cash flow provide a solid financial foundation for the company's continued investment and market expansion. Looking ahead, Beststudy Edu Group will continue to adhere to innovation-driven development, continuously optimize and upgrade its education products and services, meet the ever-changing market demand, and explore broader market space.
Based on Beststudy Edu Group's successful transformation in the field of quality education and deep cultivation in the regional market, multiple research institutions have given the company a "buy" rating and predict that its net income will continue to grow significantly in the coming years. The company's current valuation, combined with its leading position in the industry and future profit potential, shows extremely high investment value. Huaxi Securities and GF Securities gave target prices of HKD 6.18 and HKD 4.85, respectively, which are 103% and 60% higher than the current HKD 3.04, reflecting the market's confidence and expectations for the future development of Beststudy Edu Group and providing an attractive investment opportunity for investors seeking long-term stable returns.
