Brief News: NEW HIGHER EDU's mid-term profit only increased by 0.6%

China New Higher Education Group Limited announced its interim results for the 25/26 fiscal year, with revenue nearing 1.5 billion yuan, an increase of 2.6% year-on-year. The main operating costs were 910 million yuan, up 4.9% year-on-year, with labor costs rising 5.3% due to increased salaries and benefits. The gross profit margin decreased to 37.2%, and net profit slightly increased by 0.6% to 472 million yuan. The group also plans to collaborate with Steinbeis University in Germany to establish higher education institutions in the Hainan Free Trade Port. On Wednesday, the stock opened at HKD 0.73, with the stock price dropping over 50% in the past year