03978 BESTSTUDY EDU
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BESTSTUDY EDU News
HK stocks are on the move | Education stocks are all rising, as the policy proposes expanding the supply of high-quality education resources. Private high schools are the first to benefit from the warming of HK stocks.
Education stocks are on the rise. As of the time of publication, China Edu Group (00839) rose by 5.65% to HK$5.05; Beststudy Edu (03978) rose by 5.12% to HK$3.08; New Oriental-S (09901) rose by 3.85% to HK$47.15; China East Edu (00667) rose by 3.33% to HK$3.1.
Excellent education (03978) explores and develops in the field of AI+ education.
At the annual and mid-term performance conference of Beststudy Edu (03978) in 2023 and 2024, President Mr. Tang Junjing mentioned embracing AI multiple times, expressing the high importance that Beststudy Edu places on the application of AI technology. As one of the leading listed companies in the education industry exploring "AI + education", Beststudy Edu independently developed and launched the personalized teaching system called "Whale accurate teaching" in 2019. After 5 years of iteration, it has processed massive information data in teaching scenarios and has become a mature AI tool for educational research and teaching management. "Whale accurate teaching", as Beststudy Edu's flagship AI educational tool, aims to build a system based on numbers
Trending Industry Today: NEW ORIENTAL-S Leads Losses In Online Education Stocks
China Beststudy Education Trustee Repurchases Further 123,000 Shares; Shares Down 3%
Beststudy Edu (03978) plans to purchase 0.123 million shares based on restricted share units.
beststudy edu (03978) announced that the trustee of the restricted share units will act in accordance with the trust agreement on October 16, 2024...
Beststudy Edu (03978): Shen Haipeng has been appointed as an independent non-executive director.
Beststudy Edu (03978) announced that Shen Haipeng has been appointed as an independent non-executive director of the company and a member of the nomination committee...
beststudy edu (03978.HK) was shareholding by non-executive director Xu Wenhui with 0.695 million shares.
According to the latest equity disclosure data from the Hong Kong Stock Exchange on October 4, 2024, non-executive director Xu Wenhui of beststudy edu (03978.HK) reduced his shareholding by selling 0.695 million shares at an average price of 3.8793 Hong Kong dollars per share on the exchange, involving approximately 2.6961 million Hong Kong dollars. After the shareholding reduction, Xu Wenhui's latest number of shares held is 6,044,527 shares, and the shareholding ratio has decreased from 0.80% to 0.71%.
Trending Industry Today: EAST BUY Leads Losses In Online Education Stocks
Trending Industry Today: EAST BUY Leads Gains In Online Education Stocks
First Shanghai: Buy rating for Yuexue Education (03978) with a target price of 5.6 Hong Kong dollars.
first shanghai expects outstanding education (03978) income forecast to reach 1.091/1.952/2.449 billion yuan for the years 2024-2026.
Here's Why China Beststudy Education Group (HKG:3978) Has Caught The Eye Of Investors
Trending Industry Today: SCHOLAR EDU Leads Gains In Online Education Stocks
Trending Industry Today: BESTSTUDY EDU Leads Gains In Online Education Stocks
BESTSTUDY EDU: 2024 Interim Report
Beststudy Edu Group (03978.HK): The trustee purchased a total of 0.179 million shares under the restricted share unit plan.
Beststudy edu (03978.HK) announced that the trustee of the restricted share units plan purchased a total of 179,000 shares on the open market on August 26, 2024, at an average price of approximately HK$2.85 per share.
Beststudy edu (03978): Quality education transformation leads the new trend of the industry, with many brokerage firms raising profit forecasts.
In the interim report of Beststudy edu (03978), the field of quality education achieved a YoY growth of 320.9%, with revenue of 0.32 billion in the first half of the year, a YoY growth of 68%, net income of 54.42 million, a YoY growth of 170%, and contracting liabilities of 0.46 billion, a YoY growth of 184%, which provides a certain degree of assurance for the operation of the education business in the second half of 2024. Both gross and net margins have shown significant improvement, and multiple brokerages have issued research reports raising their performance expectations for Beststudy edu. In the transformation trend of the education industry, Beststudy edu's successful transformation in the field of quality education not only conforms to the national trend, but also has shown outstanding growth.
[Brokerage focus] Tianfeng maintains a "buy" rating on Beststudy Edu (03978), highlighting its recognized quality transformation.
Tianfeng Securities issued a research report stating that Beststudy Edu (03978) had a revenue of 0.32 billion yuan in 1H24, a YoY growth of 68.1%; net profit attributable to shareholders reached 0.05 billion yuan, a YoY growth of 160.7%; non-net profit attributable to shareholders reached 0.05 billion yuan, a YoY growth of 203.7%; contract liabilities amounted to 0.46 billion yuan, a YoY growth of 116.5%; gross margin increased by 8.0pct to 45.0%, and net margin increased by 6.0pct to 16.5%. The significant growth in performance is mainly attributed to ① slow recovery in market demand in 23H1 leading to a low base; ② the company completed its transformation and received recognition from parents and students for its products. The bank pointed out that 2
China Beststudy Education Group's H1 Profit Surges; Shares Rise 3%
Hong Kong stocks change| Beststudy edu (03978) surged more than 5% after performance report; completed transformation of product quality, net profit in the first half of the year increased by 1.6 times year-on-year.
Beststudy edu (03978) rose more than 5% after the performance announcement. As of press time, it rose 5.49% to HK$2.88 with a turnover of HK$1.6238 million.
Beststudy edu releases its interim results, with shareholders' net profit attributable to HK$54.527 million, up 160.7% year-on-year.
Beststudy Edu (03978) announced its performance for the six months ended June 30, 2024. The revenue was 0.317 billion yuan, a year-on-year increase of 68.1%; the profit attributable to owners of the company was 54.527 million yuan, a year-on-year increase of 160.7%; and the basic earnings per share was 7.25 cents. The main reason for the significant growth in performance during the period was the completion of the quality transformation of the group's products under the guidance of the education authorities, and the quality products transformed were well recognized by parents and students. Secondly, the slow recovery of market demand in the first half of 2023 resulted in lower revenue during that period.
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