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Trending Industry Today: EAST BUY Leads Losses In Online Education Stocks
Hong Kong stocks closed (02.24) | The Hang Seng Index fell by 0.58%, Concept stocks in CRO plummeted, while Macau Casino and Mainland Real Estate stocks rose against the trend.
Hong Kong stocks surged in the morning but fell back, with the three major Indices turning downward by the afternoon, and the Hang Seng Technology Index dropped more than 2% at one point.
China Beststudy Education Group Anticipates Up to 123% Higher Net Profit in 2024
BESTSTUDY EDU (03978.HK) announces good news: it is expected that the net income in 2024 will increase significantly by 100.3% to 122.5% year-on-year.
Gelonghui, on February 21, announced that BESTSTUDY EDU (03978.HK) expects its revenue for the year ending December 31, 2024 ("reporting period") to be between RMB 1.05 billion and RMB 1.15 billion, representing a year-on-year increase of approximately 114.5% to 135.0%. Net income is expected to be between RMB 0.18 billion and RMB 0.2 billion, representing a year-on-year increase of approximately 100.3% to 122.5%. The Board of Directors believes that this increase is mainly due to (i) the remarkable results achieved by the group in its qualitative transformation during the reporting period, with related products being well received by parents and students.
Express News | China Beststudy Education Group Sees Revenue Was Between RMB1.05 Bln and RMB1.15 Bln for Year
BESTSTUDY EDU: POSITIVE PROFIT ALERT
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