Summary by Moomoo AI
YU LUAN INTERNATIONAL EDUCATION LEASING HOLDINGS LIMITED (FORMERLY KNOWN AS INTERNATIONAL FRIENDS FINANCE LEASING LIMITED) RELEASED ITS SECOND INTERIM REPORT 2023 SHOWING SIGNIFICANT GROWTH IN THE EDUCATION RENTAL BUSINESS SEGMENT. During the reporting period, the Company completed the acquisition of a 70% interest in Yantai Nan Shan College and in May 2023, established a United Airlines Phase One Fund Limited Partnership to enter the shipping sector. The strategy enables the company to capture opportunities for the overall growth of the domestic economy. For the nine months ended September 30, 2023, the Company recorded a profit of approximately RMB231.5 million, down approximately 35.5% from the same period last year, mainly due to the recognition of one-time negotiated acquisition gains in August 2022. The Company is not proposing to distribute any interim dividend.