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Splurging $700 million on stock repurchase, new oriental's stock price soared by 13%! Education stocks in Hong Kong rose across the board.
Share buyback increased to 0.7 billion US dollars.
GINGKO EDU: ANNUAL REPORT 2023
Education stocks generally rose, and people's livelihood education (01569) rose 8.18%. Institutions say education policies are relatively bottomed out
Jinwu Financial News | Education stocks generally rose. Minsheng Education (01569) rose 8.18%, China's Xinhua Education (02779) rose 4.55%, Maple Leaf Education (01317) rose 4%, Yuhua Education (06169) rose 3.28%, Chenlin Education (01593) rose 2.67%, and Ginkgo Education (01851) rose 2.44%. According to Minsheng Securities, various regions have introduced standards and rules for the establishment of non-subject out-of-school training institutions one after another, and Shenzhen and other places are speeding up the approval of non-subject out-of-school training institutions to benefit leading institutions in stock compliance. Judging from recent research on leading local education and training, it's cold
Positive Sentiment Still Eludes China Gingko Education Group Company Limited (HKG:1851) Following 27% Share Price Slump
Ginkgo Education (01851.HK)'s annual profit increased by about 74.1% to about 148 million yuan
On March 27, Ge Longhui | Ginkgo Education (01851.HK) announced that for the year ended December 31, 2023, the company's revenue was approximately RMB 354.9 million, an increase of about 24.0%. This increase is mainly due to (i) tuition fees for the reporting period of approximately RMB 303.4 million, an increase of about 22.9%, and (ii) accommodation fees for the reporting period of approximately RMB 24.9 million, an increase of approximately 27.5%. The increase was due to the increase in the number of students enrolled in the 2023/2024 academic year and the increase in average tuition and accommodation fees. The Group's profit increased by about 74.1% to about people during the reporting period
Ginkgo Education (01851) announced its 2023 annual results, with net profit of 148 million yuan, an increase of 74.1% over the previous year
Ginkgo Education (01851) announced its annual results for the year ended December 31, 2023, with revenue of 355 million yuan (...
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