According to the Zhitong Finance App, Oriental University City Holdings (08067) announced interim results for the six months ended December 31, 2023, with revenue of RMB 26.82 million, an increase of 16.8% over the previous year. Profit attributable to company owners was RMB 3.14 million, an increase of 99.4% over the previous year. Basic earnings per share was RMB 0.02.
According to the announcement, the increase in revenue is mainly due to confirmation of revenue generated by several educational institutions, which have signed long-term lease agreements for leasing educational facilities at the Oriental University Town Campus in Langfang City, China, with the characteristics of increasing annual rents for each unit.