MINSHENG EDU issued a profit warning, expecting a year-on-year decrease of approximately 56.4% in mid-term net profit
MINSHENG EDU issued a profit warning, expecting that the interim net profit for the period ending June 30, 2025, will decrease by approximately 56.4% year-on-year, falling to about 113 million yuan. The main reasons include increased investment in operating schools in China, significant rise in related costs, and the online education business being affected by market conditions, leading to a substantial decline in net profit
According to the Zhitong Finance APP, Minsheng Education (01569) announced that based on the preliminary review of the unaudited consolidated management accounts for the six months ending June 30, 2025, and the current information obtained by the company, the group expects its net profit for this period to decrease by approximately 56.4% compared to the net profit of approximately RMB 113 million for the six months ending June 30, 2024. The main reasons for the expected decline in net profit are as follows:
- During this period, the group's operational schools in China continued to increase their investment in education, resulting in a significant increase in related costs compared to the six months ending June 30, 2024. 2. During this period, the online education entity under the group was affected by the market, leading to a significant decline in net profit for the online education entity compared to the six months ending June 30, 2024
