Understanding the Market | CHINA CHUNLAI surged over 20% in the afternoon as the Nanjing campus officially commenced operations, with the market focusing on the progress of the school's transition to profitability

CHINA CHUNLAI surged over 20% in the afternoon, and as of the time of writing, it rose 15.67% to HKD 5.02, with a transaction volume of HKD 161 million. On the news front, Suzhou University of Science and Technology's Tianping College, a subsidiary of CHINA CHUNLAI, has recently officially commenced operations at its Nanjing campus, with the first batch of over 1,300 new students reporting on September 13. The newly opened Nanjing campus is located in the Gaochun District of Nanjing and, once fully operational, can accommodate at least 16,000 students, significantly enhancing the company's enrollment capacity and regional penetration. Public information shows that the company is one of the leading providers of private higher education in China. The company's schools are mainly located in Central China, operating four schools in Henan Province and two in Hubei Province, while also participating in the operation of Tianping College. Additionally, there has been tangible progress in the recent transition of private higher education in Hunan to for-profit status, with institutions stating that the progress of private higher education selection across various regions is expected to be promoted. It is reported that the transition of the company's schools to for-profit status is steadily advancing