"Performance" VIRSCEND EDU's annual net profit is RMB 57.7 million, an increase of 28%, with a special dividend of HKD 0.005

VIRSCEND EDU announced its financial results for the fiscal year ending in August, with revenue of RMB 1.084 billion, an increase of 13.5% year-on-year. It recorded a net profit of HKD 57.7 million, a growth of 28.2%, with earnings per share of 1.9 cents. The final dividend is 0.2 Hong Kong cents, and an additional special dividend of 0.3 Hong Kong cents will be distributed

Shareholders of VIRSCEND EDU will transfer their stocks from Citigroup to Swiss First Capital, with a transfer market value of HKD 219 million

According to the latest information from the Hong Kong Stock Exchange, on July 7, shareholders of VIRSCEND EDU transferred their shares from Citigroup to Swiss Bank Julius Baer, with a transfer market value of HKD 219 million, accounting for 31.99%. VIRSCEND EDU announced that the HKD 0.04 final dividend for the year-end 2017 declared by the board on March 29, 2018, and the HKD 0.04 interim dividend for 2018 declared by the board on August 24, 2018, which remain unclaimed as of June 30, 2025, will be forfeited and returned to the company

The gains of education stocks in the Hong Kong stock market further expanded, with New Oriental and DADI EDU rising over 9%, BESTSTUDY EDU and Tianli International Holdings rising over 7%, QINGDAO HLDGS and VIRSCEND EDU rising over 5%, EDVANTAGE GROUP rising nearly 5%, and LEADER EDU rising over 3%

Understanding the Market | Education stocks perform strongly, institutions say the K12 sector's prosperity continues, and AI commercialization is gradually being realized

Education stocks performed strongly. As of the time of publication, CHINA EAST EDU rose 7.14% to HKD 6.75; VIRSCEND EDU rose 6.57% to HKD 0.227; SCHOLAR EDU rose 4.12% to HKD 4.04; NEW ORIENTAL-S rose 2.89% to HKD 37.35. Galaxy Securities pointed out that the K12 supply-demand pattern continues, benefiting from rigid demand + supply optimization, and the gradual realization of AI commercialization. Gaotu's first-quarter performance shows that non-disciplinary and high school businesses remain the core growth drivers, and benefiting from new user growth, the non-disciplinary business has achieved profitability. In addition, the AI English project "Learn Spoken English with Daniel Wu," in collaboration with Daniel Wu, has become profitable, reflecting the feasibility of the education business model under the IP + AI model. Cathay Securities released a research report stating that it focuses on high school education system reform. The firm pointed out that high school education demand is rigid, still possessing a 7-8 year demographic dividend period, with government support to expand high school education degree supply, guiding and regulating the development of private education, promoting the integration of vocational and general education, and focusing on related targets benefiting from policies and demand dividends

VIRSCEND EDU will confiscate unclaimed dividends

According to the Zhitong Finance APP, VIRSCEND EDU announced that the unclaimed final dividend of HKD 0.04 for the year-end 2017 declared by the board on March 29, 2018, and the interim dividend of HKD 0.04 for the year 2018 declared by the board on August 24, 2018, will be forfeited and returned to the company on June 30, 2025