China Beststudy Education Group (HKG:3978) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥1.10b (up 125% from FY 2023).
• Net income: CN¥192.5m (up 111% from FY 2023).
• Profit margin: 18% (down from 19% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.26 (up from CN¥0.12 in FY 2023).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

China Beststudy Education Group EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%.

Looking ahead, revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Services industry in Hong Kong.

Performance of the Hong Kong Consumer Services industry.

The company's shares are down 3.6% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on China Beststudy Education Group's balance sheet.

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