YUHUA EDU (06169) released its performance for the year 2024, with adjusted net profit of 501 million yuan, a year-on-year decrease of 48.3%. Trading will resume on February 28th.

YUHUA EDU (06169) released its annual performance for the year ending on August 31, 2024. The group generated revenue of RMB 2.485 billion, an increase of 4.4% compared to the previous year. After adjusting for the company's shareholders, the net profit decreased by 48.3% to RMB 501 million, and the net profit attributable to shareholders decreased by 64.86% to RMB 399 million, with earnings per share of 0.11 yuan. The announcement stated that the decrease in adjusted net profit was mainly due to the group's expansion of investments in teaching and facilities to further improve the quality of education provided and enhance students' learning experience, as well as impairment losses recognized on goodwill during the reporting period. At the company's request, trading of the company's shares on the Stock Exchange was suspended from 9:00 am on December 2, 2024. Since the annual performance for the year ending on August 31, 2024 has been published, the company has applied to the Stock Exchange to resume trading of the shares and securities from 9:00 am on February 28, 2025.