TIANLI INT HLDG(01773) announces profit increase, with adjusted annual net profit expected to grow by approximately 56% compared to the previous year.

TIANLI INT HLDG (01773) announced that the group is expected to achieve a revenue of approximately RMB 3.3 billion for the fiscal year ending August 31, 2024, representing a growth of about 43% compared to the revenue of approximately RMB 2.3 billion for the fiscal year ending August 31, 2023. The adjusted profit is expected to be approximately RMB 577 million, an increase of about 56% compared to the adjusted profit of approximately RMB 369 million for the fiscal year ending August 31, 2023. Compared to the fiscal year ending August 31, 2023, the group has shown improved financial performance in terms of revenue and profit for the current year, mainly due to the steady growth in the number of customers using the group's comprehensive education services, and the significant increase in product sales revenue achieved by operating an online campus store and integrating the supply chain resources. Looking ahead, with the steady growth of the customer base served by the group and the orderly progress of various businesses, the company is confident in its business development and prospects and will continue to devote itself to delivering high growth performance to its shareholders.