中教控股指，由于期内录得16.8亿-17.5亿元的减值损失，导致纯利降低。2024财年减损相比2023财年扩大325-343%，麦格理无法排除是否会有更多减损。另外，全日制学生的增长也差于预期，关注年度业绩详情及否维持派息。The company expects net profit of the 2024 fiscal year (as of August 31) to reach 0.429 billion yuan - -0.59 billion yuan (same below), which means that the net loss for the second half of the year will be 0.598 billion - -0.768 billion yuan.
The Zhitong Finance App learned that Macquarie released a research report stating that it maintains China Education Holdings (00839)'s “outperforming the market” rating, with a target price of HK$8.7.
The company expects net profit for fiscal year 2024 (as of August 31) to reach 0.429 billion yuan - -0.59 billion yuan (same below), which means that the net loss for the second half of the year was 0.598 billion yuan - -0.768 billion yuan, lower than Macquarie's forecast, and also down from 0.505 billion yuan in net profit for the second half of fiscal year 2023.
According to China Education Holdings, net profit declined due to the impairment loss of 1.68 billion to -1.75 billion yuan recorded during the period. FY2024 impairment increased 325-343% compared to FY2023, and Macquarie cannot rule out whether there will be more impairment. Also, the growth of full-time students fell short of expectations. Focus on the details of the annual results and whether dividends will be maintained.
