CHEN LIN EDU (01593) released its annual performance, with a net loss of 4.12 billion yuan.

CHEN LIN EDU (01593) announced its annual performance for the year ending August 31, 2025, with revenue of 600.7 million yuan, a year-on-year increase of 0.2%; a net loss of 412 million yuan, compared to a profit of 15.367 million yuan in the same period last year; basic loss per share of 0.43 yuan. The main reasons for the annual loss are: (i) the operating estimates of Jiangxi Technical College and Guizhou College, acquired by the group, have been lowered, resulting in a one-time, non-cash impairment loss of approximately 2.888 billion yuan on confirmed goodwill and some non-current assets; (ii) one of the cash-generating units acquired by the group withdrew its application to change from a non-profit to a for-profit private school during the year, and the government subsidies originally received for constructing the unit are no longer repayable, leading to the recognition of deferred income and a one-time, non-cash loss of approximately 426 million yuan; (iii) the infrastructure construction and equipment upgrades at related colleges under the group have been gradually completed, leading to a non-cash increase in fixed asset depreciation and amortization costs of approximately 25 million yuan compared to the same period last year. Excluding the impact of the above one-time non-cash expenses, the group generated a profit of approximately 184.5 million yuan during the year.