集团将继续提高高等教育(传媒及艺术)及职业教育业务的教学质量，扩大学生容纳量。凭藉旗下大学的江苏直播电商与数字经济产业学院的资源、超过30,000名学生及教师的人才储备，以及集团于影视制作行业的业务网络优势，集团将全力以赴进一步扩大直播电商业务，为公司股东提高回报。Cathay Media and Education Group Inc. (01981.HK) announced that its revenue for the six months ended June 30, 2024, reached RMB 0.387 billion, a 2.6% increase year-on-year; gross profit was RMB 0.194 billion, a 27.8% increase year-on-year; during the period, the net profit after adjustments reached RMB 0.108 billion; basic earnings per share was RMB 2.99.
During the reporting period, the Group's Higher Education (Media and Arts) and Professional Education division recorded a total revenue of RMB 0.32 billion, a 4.5% increase year-on-year. Compared to the six months ended June 30, 2023, the tuition and lodging fees for undergraduate students in the reporting period increased by RMB 38.5 million or 19.9% to RMB 0.232 billion, mainly due to the annual increase in tuition for new undergraduate students. This increase was partially offset by a decrease of RMB 28.3 million in income from entrance examination fees during the reporting period. The division profit of the Group's Higher Education (Media and Arts) and Professional Education business increased from RMB 0.101 billion in the six months ended June 30, 2023, to RMB 0.1014 billion in the reporting period. Excluding the impairment of other receivables, the division profit of the Group's Higher Education (Media and Arts) and Professional Education business will be adjusted to RMB 0.1497 billion in the reporting period.
It is worth noting that during the reporting period, the revenue of the live e-commerce and artist management business (mainly including product endorsement and promotion fees, sales commission and promotion fees for live streaming and short videos) increased significantly from RMB 10.6 million in the same period of 2023 to RMB 66.3 million.
The Group will continue to improve the teaching quality and expand student capacity of its Higher Education (Media and Arts) and Professional Education business. With the resources of the Jiangsu Live E-commerce and Digital Economy College under its university, the talent reserve of over 30,000 students and teachers, and the business network advantages in the film and television industry, the Group will make every effort to further expand the live e-commerce business and increase returns for the company's shareholders.
