Understanding the Market | GENCH EDU plummets 20% after earnings report, with annual profit attributable to shareholders at 224 million yuan, a year-on-year decrease of 21.08%
After the earnings report, GENCH EDU plummeted by 20%. As of the time of writing, it has dropped by 20.42%, trading at HKD 2.26, with a transaction volume of HKD 3.8715 million. On March 28, GENCH EDU announced its annual results for the year ending December 31, 2024, with revenue of RMB 970 million, a year-on-year increase of 4.3%; profit attributable to equity holders of the parent company was RMB 224 million, a year-on-year decrease of 21.08%; earnings per share were RMB 0.57; and a final dividend of HKD 0.10 per share was proposed
According to Zhitong Finance APP, GENCH EDU (01525) plummeted 20% after its earnings report, and as of the time of publication, it has dropped 20.42%, trading at HKD 2.26, with a transaction volume of HKD 3.8715 million.
In terms of news, on March 28, GENCH EDU released its annual performance report for the year ending December 31, 2024, with revenue of 970 million yuan (RMB, the same below), a year-on-year increase of 4.3%; profit attributable to the owners of the parent company was 224 million yuan, a year-on-year decrease of 21.08%; earnings per share were 0.57 yuan; and a final dividend of HKD 0.10 per share was proposed
