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Shanghai Gench Education's Profit Up 26% in 2023
GENCH EDU: ANNUAL REPORT 2023
[Broker Focus] The target price of Sino-Thai International Bridge Construction Education (01525) reaches HK$4.45 to maintain a “buy” rating
Jinwu Financial News | According to the Sino-Thai International Development Research Report, Jianqiao Education (01525) achieved revenue of 930 million yuan (RMB, same below) in 2013, with tuition and accommodation revenue growth rates of 12.5% and 57.0% respectively. Due to FY22's containment due to the pandemic, schools refunded part of the accommodation fees, so the FY22 base is low. Starting in the second half of the year, the company adjusted the depreciation period for building facilities from 50 years to 30 years, resulting in additional depreciation expenses of 16 million yuan. As a result, FY23 gross margin fell 2.1 percent year over year to 61.8%. The company's net profit was 280 million, a year-on-year increase
Jianqiao Education (01525.HK)'s annual profit of 283 million yuan increased 26.0% year-on-year
Gelonghui, March 27, 丨 Jianqiao Education (01525.HK) announced that for the year ended December 31, 2023, the Group's revenue increased by about RMB 139.8 million or 17.7% to approximately RMB 929.9 million. The increase was mainly due to (i) the increase in revenue from tuition and accommodation fees of approximately RMB 132.4 million or 17.1%. The increase was mainly due to (i) the increase in the number of students in the year ended 31 December 2023 and the increase in average tuition and accommodation fees per student; and (ii) the college resumed accommodation during the reporting period As a result, COVID-19 in the same period last year
Jianqiao Education (01525) will pay the 2023 final dividend of HK$0.1 per share on June 18
Jianqiao Education (01525) announced that the company will distribute the end of 2023 on June 18, 2024...
GENCH EDU: ANNOUNCEMENT OF ANNUAL RESULTSFOR THE YEAR ENDED 31 DECEMBER 2023
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