Fenbi Limited (HK:2469) has released an update.
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Fenbi Limited anticipates a robust financial performance for the first half of 2024, with revenues expected to surpass RMB 1.61 billion and net profits to rise sharply by at least 212.9% compared to the previous year. The significant improvement is attributed to efficient AI-enhanced tutoring services, improved operating efficiency, and lowered staff costs leading to increased gross and net profit margins. However, investors are urged to exercise caution as these are preliminary figures and the final audited results will be published in August 2024.
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