Yuanuniverse Education (01082) rose more than 13%. As of press release, it was up 13.10% to HK$1.90, with a turnover of HK$1.7 million.
The Zhitong Finance app learned that Yuanuniverse Education (01082) had risen more than 13%. As of press release, it had risen 13.10% to HK$1.90, with a turnover of HK$1.7 million.
According to news, Yuanuniverse Education recently announced its annual results for the year ended June 30, 2023, with revenue of about HK$118 million, an increase of about 30.61% over the previous year. The loss attributable to company owners was approximately HK$28.54 million, a year-on-year decrease of 13.23%. Loss of HK$0.05 per share.
The announcement stated that the losses were mainly due to a sharp decrease of about HK$13.98 million in the fair value of financial assets included in profit and loss at fair value, mainly due to the bearish sentiment in Hong Kong and global stock markets, impairment losses on listed securities and private investment; marketing expenses increased to about HK$3.8 million; financial costs increased to about HK$2.1 million; and impairment losses on trade and other receivables totaled about HK$7.93 million.
Galaxy Securities pointed out that AI training and education informatization are important implementation directions for AIGC and are conducive to optimizing the new education and training system. The recent “Action Plan for the High-Quality Development of Computing Power Infrastructure” also points out that the scope of application of computing power in education and other fields should be further expanded, and the future market space is broad. I am optimistic that the absolute valuation of the sector will be further repaired before the double decline.