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Fenbi Limited ( (HK:2469) ) has issued an update.
Fenbi Limited has announced that for the year ending December 31, 2024, it anticipates revenue of at least RMB2,770 million, marking a decline of up to 8.3% compared to the previous year due to increased competition in China’s recruitment examination tutoring sector. Despite the revenue decrease, the company expects a net profit increase of at least 19.3% to RMB225 million, primarily due to reduced employee expenses. The adjusted net profit is projected to fall by up to 21.4%, attributed to decreased revenue, though cost management has remained stable.
More about Fenbi Limited
Fenbi Limited operates in the education industry, focusing on tutoring services for recruitment examinations in China. The company is involved in providing educational services, with a significant emphasis on the competitive tutoring market.
YTD Price Performance: 13.28%
Average Trading Volume: 30,421,806
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$6.34B
See more data about 2469 stock on TipRanks’ Stock Analysis page.