HK Stock Market Move | NEW HIGHER EDU (02001) rose more than 7% with a stock price increase of over 38% in the month. Recently, Chairman Li Xiaoxuan has increased his holdings multiple times.

NEW HIGHER EDU (02001) rose by more than 7%, with the stock plummeting 50% on November 29th and gradually recovering afterwards. The increase this month has exceeded 38%. As of the press time, it rose by 7.69%, reaching HK$1.26, with a trading volume of HK$31.4022 million. In terms of news, NEW HIGHER EDU previously announced its annual performance, with total revenue of approximately 2.835 billion yuan, a year-on-year increase of 12.2%; adjusted net profit of 772 million yuan, a year-on-year increase of 6.1%. The final dividend is 0.233 yuan per share, and the company announced the distribution of the dividend in the form of shares, maintaining a dividend rate of 50%. Zhongjin believes that the company plans to distribute dividends in the form of shares abnormally in order to retain cash for the development and operational needs of the group's business, especially for the capital expenditure for the planned development of undergraduate and postgraduate schools in the group in the coming years, to improve the liquidity of stock trading. In addition, the chairman and executive director of NEW HIGHER EDU, Li Xiaoxuan, has recently increased his holdings in the company several times. According to the latest information from the Hong Kong Stock Exchange, on December 11th, Li Xiaoxuan increased his holdings of NEW HIGHER EDU by 1.559 million shares at a price of HK$1.0493 per share, with a total amount of HK$1.6359 million. After the increase, the latest number of shares held is 762 million shares, with the latest shareholding ratio of 49.4%.