Bojun Education (01758) announced that compared with losses of about RMB 9.4 million for the year ended August 31, 2022, the Group is expected to achieve a profit of about RMB 41 million to RMB 51 million for the year ended August 31, 2023.
The board of directors believes that the conversion from loss to profit was mainly due to confirmation of one-time gains relating to the acquisition of 51% shares in Sichuan Zhengzhuo Education Investment Co., Ltd. and Sichuan Higher Education Investment Co., Ltd., which mainly led to an increase in other earnings of about RMB 80 million.