Bojun Education Trailer： It is expected to record a net profit of more than 3.5 million yuan in the mid -term, which is a year -on -year loss to make a profit
(Picture source: Vision China)
On April 17, Bojun Education issued a profit trailer. As of February 29, 2024, the company expected to record net profit of 3.5 million yuan to 4.3 million yuan, while the same period last year was 7.8 million yuan, a year -on -year loss.
Faced with the growth of net profit, Bojun Education stated in the announcement that it was mainly due to the completion of the financial performance of the two vocational schools after the acquisition was completed on August 31, 2023, resulting in the six months ended February 29, 2024The income, which is a significant increase of about 400%compared with the six months ended February 28, 2023, and Pengzhou Bojun School exempts the Group’s one -time revenue of about 19 million yuan in debt owed by Pengzhou Bojun School.
In addition, on April 15th, Bojun Education issued supplementary announcements to further extend the payment period of 51%equity of Pengzhou School and set up a second supplementary agreement to make a explanation.
According to the announcement, Bojun Education took into account the development history and business plan of Pengzhou school. It was established as a private primary school and middle school in 2018, and expanded operations in 2021 and began to provide high school education services.About 2,000 people, from the 2024/2025 school year until 2028/2029, reached about 2600; 2023/2024 to 2028/2029 school year, it is estimated that each student of Pengzhou school annual tuition, accommodation and other expenses reached about RMB 53,000In the same period, it is estimated that Pengzhou School’s income is 105 million yuan to 137 million yuan. Moreover, it is estimated that Pengzhou schools are profitable before tax removal, about 30 million yuan to 40 million yuan.The Bojun Education Board believes that Pengzhou School has the ability to pay the remaining investment funds in accordance with the new terms. At the same time, the new clauses ensure that Bojun Education has recovered the remaining investment funds from Pengzhou School and Hongde Guanghua.