"Profit Warning" JH EDUCATION estimates last year's net profit decreased by 25%-30%

JH EDUCATION (01935.HK) issued a profit warning, expecting a net profit decrease of 25%-30% for the fiscal year 2025 compared to the previous year. This is mainly due to significant renovations of the student dormitories at the group's operational college in Hangzhou, resulting in losses from the disposal of properties, plants, and equipment; and the anticipated new campus, which will start operations in September next year, leading to a substantial increase in salaries and benefits due to the recruitment of more new teachers during the year