Zitong Financial App NewsSpinnerbaitChina Education International Holdings (01765) released its results for the six months ended February 29, 2024, with an income of 20%.Spinnerbait4.2 billion yuan (RMB, the same below), an increase of 5.5% over the same period last year; the profit attributable to the owner of the company is 224 million yuan; and the basic profit per share is 0.027 yuan.

For the six months ended February 29, 2024, the year-on-year increase in the Group's revenue was mainly due to a significant increase in the number of students and the adjustment of fees.

The company continues to increase investment in running a school and improve its conditions. During the reporting period, the company invested funds and resources to build new school buildings, expand venues, purchase teaching facilities and equipment, renovate and beautify the campus environment. During the reporting period, the amount of software and hardware investment in practical training construction exceeded 100 million yuan, more than 50 new training rooms were built, and more than 20 newly declared majors were declared.

The company further increases the introduction of teachers to improve the quality and ability of teachers. During the reporting period, colleges and universities introduced more than 930 new teachers, including more than 140professional and skilled personnel, carried out 1845 teacher training sessions, and won 241prizes for teachers participating in competitions, including 40 national awards and 80 provincial awards.

The company encourages colleges and universities to enhance their reputation, enhance their attractiveness to students, and continuously enhance their ability to serve the community. 2023