FENBI expects its annual net profit to decline by up to 22.8% year-on-year, with adjusted net profit decreasing by no more than 25.5%

FENBI (02469.HK) announced that it expects the group to record revenue of no less than RMB 2.656 billion for the year ending last December, a decrease of no more than 4.8% compared to RMB 2.79 billion for the same period in 2024. The company indicated that the decline in revenue is mainly due to the ongoing intensification of competition in China's recruitment examination training industry, leading to a drop in the sales of training services and books.

FENBI expects to record a net profit of no less than RMB 185 million for last year, a decrease of no more than 22.8% compared to RMB 240 million for the fiscal year 2024.

In addition, based on non-International Financial Reporting Standards, the adjusted net profit expectation for the fiscal year 2025 is projected to be no less than RMB 270 million, a decrease of no more than 25.5% compared to RMB 363 million for the same period in 2024, primarily due to the decline in revenue