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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.
Zhitong Finance21:48 ET
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.
新浪港股Apr 24 21:13 ET
China New Higher Education 6-Mos Ended Feb Net CNY432.0M Vs. CNY390.5M >2001.HK
China New Higher Education 6-Mos Ended Feb Net CNY432.0M Vs. CNY390.5M >2001.HK
Dow JonesApr 24 18:02 ET
Net profit of New Higher Education Group (02001.HK) increased 10.6% to $432 million in the medium term
Gelonghui, April 24, 丨 New Higher Education Group (02001.HK) announced that for the six months ended February 29, 2024, the Group's main revenue increased 13.8% year on year to RMB 1,311 billion, and net profit to mother increased 10.6% year on year to RMB 432 million. The Group will maintain cash dividends for the 2023/2024 fiscal year. It will adopt an annual dividend payment method and maintain a dividend payout ratio of 50%. In the 2023/2024 school year, the total number of students enrolled in the Group's schools was about 140,000. The number of new students increased 2.7% year-on-year. The student structure was further optimized, and the proportion of undergraduate students continued
Gelonghui FinanceApr 24 08:04 ET
新高教集團:截至2024年2月29日止六個月中期業績公告
Futu NewsApr 24 08:00 ET · Announcements
New Higher Education Group (02001.HK) plans to hold a board meeting on April 24 to approve the interim results
Gelonghui, April 12, 丨 New Higher Education Group (02001.HK) issued an announcement. The board meeting will be held on April 24, 2024 (Wednesday) to approve (among other things) the Group's interim results and announcements for the six months ended February 29, 2024, and consider paying an interim dividend (if any).
Gelonghui FinanceApr 12 05:05 ET
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