According to the Zhitong Finance App, Bojun Education (01758) released its annual results announcement for the year ended August 31, 2023. Revenue was 81.305 million yuan (RMB, same below), an increase of 142% over the previous year; profit for the year was 51.047 million yuan, compared to a loss of 9.403 million yuan in the same period last year; profit of 6.21 points per share.
As of September 1, 2023, the company has enrolled a total of 33,400 students, including 187 kindergarten students, 965 high school students, and 32,200 vocational school students.
According to reports, the increase in earnings is mainly due to an increase in the total number of students enrolled, which has led to an increase in tuition fees and room and board expenses.