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On July 24th, new higher edu spent 0.9995 million Hong Kong dollars to repurchase 0.535 million shares.
New Higher Edu Group (02001) announced that it would spend HKD 0.9995 million to repurchase 0.535 million shares on July 24, 2024, at a repurchase price of HKD 1.85-1.90 per share.
On July 24th, New Higher Edu Group (02001.HK) spent 0.9995 million Hong Kong dollars to repurchase 0.535 million shares.
On July 24th, Gelonhui announced that New Higher Edu Group (02001.HK) purchased 0.535 million shares for 0.9995 million Hong Kong dollars, with a price per share of 1.85-1.9 Hong Kong dollars.
NEW HIGHER EDU: 2023/2024 INTERIM REPORT
Top Key Executive Xiaoxuan Li, China New Higher Education Group Limited's (HKG:2001) Largest Shareholder Sees Value of Holdings Go Down 10.0% After Recent Drop
Shen Wan Hongyuan: Maintaining the New Higher Education Group (02001) “Buy” Rating Target Price of HK$3.46
Shen Wan Hongyuan believes that the average tuition fee for the New Higher Education Group (02001) is expected to maintain a compound annual growth rate of 5.2% from fiscal year 24 to 26.
New Higher Education Group announced interim results, net profit of 432 million yuan, an increase of 10.6% year-on-year
New Higher Education Group (02001) announced results for the six months ended February 29, 2024. The group achieved total revenue of 1,482 billion yuan (RMB, same below) during the period, up 12.2% year on year; main revenue of 1,311 billion yuan, up 13.8% year on year; net profit to mother of 432 million yuan, up 10.6% year on year; and basic profit per share of 0.28 yuan. According to the announcement, the increase in revenue is mainly due to continued utilization of the advantages of group schools, continued high-quality connotative development, and a steady increase in tuition and accommodation income.
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