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Minsheng Education Group Co. Ltd. ( (HK:1569) ) just unveiled an announcement.
Minsheng Education Group Co. Ltd. has issued a profit warning, indicating an expected decrease in net profit by approximately 60% to 70% for the year ended December 31, 2024, compared to the previous year. This decline is attributed to increased investment in school operations and the expansion of teaching teams, as well as a significant drop in net profit from online education entities due to market conditions and enrollment suspensions.
More about Minsheng Education Group Co. Ltd.
Minsheng Education Group Co. Ltd. is a company incorporated in the Cayman Islands, operating primarily in the education sector. The company focuses on managing and investing in educational institutions, with a particular emphasis on expanding and enhancing the quality of its teaching teams in China.
YTD Price Performance: -3.00%
Average Trading Volume: 823,379
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$818.2M
See more data about 1569 stock on TipRanks’ Stock Analysis page.