国信证券指出，整体而言，期内高等教育招生仍稳步推进，公司收入维持稳健增长，展望未来伴随广东以及山东扩张项目推进，内生增长有望延续，且在资本开支高峰期度过以及财务费率逐渐改善带动下，利润率也有望改善，China Education Holdings (00839) continued to decline after the results. This afternoon, it hit a low of HK$3.21, setting a new low for listing. As of press release, it decreased by 2.69% to HK$3.25, with a turnover of HK$58.0236 million.
The Zhitong Finance App learned that China Education Holdings (00839) continued to decline after its performance. This afternoon, it hit a low of HK$3.21, setting a new low for listing. As of press release, it decreased by 2.69% to HK$3.25, with a turnover of HK$58.0236 million.
According to the news, China Education Holdings previously announced financial results for the 2024 fiscal year. Net profit for the period fell 70% year on year to RMB 0.418 billion, mainly due to non-cash impairment losses of RMB 1.547 billion in school business reputation and intangible assets in Sichuan, Shaanxi, and Australia. The company maintains a dividend payout ratio of approximately 40%.
Guoxin Securities pointed out that overall, higher education enrollment continued to advance steadily during the period, and the company's revenue continued to grow steadily. Looking forward to the future as Guangdong and Shandong expansion projects advance, endogenous growth is expected to continue, and profit margins are also expected to improve as capital expenditure peaks pass and financial rates gradually improve.
