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【Brokerage Focus】Cinda Securities maintains a "Buy" rating on FENBI (02469), noting that small and medium-sized Institutions are gradually clearing out, and the competitive landscape is expected to gradually improve.
Jinwu Financial News | Xinda Securities released a Research Report stating that FENBI (02469) has announced its earnings forecast. In 2024, the company expects to achieve an income of no less than 2.77 billion yuan, with a year-on-year decrease of no more than 8.3%, a net income of no less than 0.225 billion yuan, with a year-on-year growth of no less than 19.3%, and an adjusted net income of no less than 0.35 billion yuan, with a year-on-year decrease of no more than 21.4%. The bank noted that competition in China’s examination training Industry is intensifying, with small and medium Institutions emerging and attracting students with Low Stock Price, leading to diversion of enrollment from leading Institutions. Therefore, the company’s revenue and adjusted net income are expected to decline year-on-year in 2024. The bank estimates,
Fenbi Limited Forecasts Revenue Decline but Net Profit Growth for 2024
The dual-driven approach of AI faculty has shown results, with FENBI's adjusted net income in 2024 expected to be no less than 0.35 billion, leading the sector.
On February 14, FENBI (02469.HK) released its full-year performance forecast for 2024. The report shows that FENBI expects revenue for 2024 to be no less than 2.77 billion yuan, with net income of no less than 0.23 billion yuan, reflecting a significant increase of at least 19.3% compared to 0.19 billion yuan in the same period last year. The adjusted net income expectation will be no less than 0.35 billion yuan. Profitability continues to lead the Industry, firmly remaining at the forefront of vocational education. The previous AI research and development investments by FENBI have entered the value realization phase, with a technology moat built on algorithmic advantages and a scalable business loop, creating a flywheel effect supporting performance growth.
Express News | Fenbi Ltd - Expected Profit Result Due to Due to Decrease in Employee Expense
Express News | Fenbi - Expected Revenue Due to Decrease in Sales Volume of Tutoring Services
Express News | Fenbi Ltd Sees Revenue of Not Less Than RMB2,770.0 Mln for Year
Returns At Fenbi (HKG:2469) Are On The Way Up
