The latest update is out from China East Education Holdings Limited ( (HK:0667) ).
China East Education Holdings Limited announced its audited consolidated results for the year ending December 31, 2024, highlighting a significant increase in net profit by 88% to RMB 513 million, despite a slight decline in new student enrollments and a reduction in the number of schools and centers. The company achieved a revenue growth of 3.5% to RMB 4,116 million and improved its gross profit by 10.8%, indicating strong operational performance and effective cost management, which may enhance its industry positioning and stakeholder confidence.
More about China East Education Holdings Limited
China East Education Holdings Limited operates in the education industry, providing vocational education services. The company focuses on offering a variety of educational programs and training across numerous schools and centers, primarily targeting students and customers in China.
YTD Price Performance: 51.28%
Average Trading Volume: 6,692,656
Technical Sentiment Signal: Sell
Current Market Cap: HK$9B
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