HK Stock Market Move | WISDOM EDU INTL (06068) fell over 11% after issuing a profit warning, with the expected annual net profit narrowing to approximately 37.7 million yuan.

WISDOM EDU INTL (06068) fell by more than 11% after issuing a profit warning, dropping by 11.21% to HK$0.103 at the time of writing, with a turnover of HK$522,800. On the news front, WISDOM EDU INTL announced that it is expecting to achieve unaudited comprehensive net profit of approximately RMB 37.7 million for the fiscal year ending on August 31, 2025, compared to the audited comprehensive net profit of approximately RMB 96.4 million for the same period last year. The company stated that the decrease is mainly due to a significant drop in revenue from the school-related supply chain business and comprehensive education service income by approximately RMB 37 million and RMB 14.1 million, respectively, as well as a decrease in expected credit losses from financial guarantee contracts in other income and expenses by approximately RMB 34.9 million.