On the evening of January 30, China Public Education (002607.SZ) released its 2023 annual results forecast. The announcement shows that the company expects net profit attributable to shareholders of listed companies in 2023 to be -175.0 million yuan — -22.5 million yuan, a sharp reduction of 84.12% to 79.58% compared to last year.
The company said that during the reporting period, with the improvement of the business environment, the company continued to push forward the business boost plan that has been carried out since 2022, actively adjust the market strategy, shift from scale to efficiency, focus on profit acquisition, further optimize the product structure and enhance the company's profitability. At the same time, it strengthened fine management, reshaped the organizational structure, continued to strengthen cost control, and optimize the company's operating efficiency, thus achieving significant loss reduction in 2023.
It is worth mentioning that in 2023, the company will fully cater to the development trend of artificial intelligence and integrate AI technology and big data into every teaching process. Specifically, the company established the Artificial Intelligence and Education Research Institute, which is committed to optimizing teaching processes through computational analysis of content and data, and continuously improving teaching standards and teaching efficiency. According to the Chinese government, in addition to course products related to AI digital humans that have already been launched, the company plans to launch more AI intelligent products based on the industry vertical model in the first quarter of 2024.
Regarding the company's subsequent development, Haitong Securities said that from an industry perspective, the number of people recruited and registered for the 2024 national examination, as well as the number of applicants for postgraduate studies, reached another record high. Against the backdrop of the increasing popularity of the national examination, it is expected that the relevant training industry will still be in strong demand.