Group 1 - The core viewpoint of the article indicates that Thinker Education (01769) experienced a decline of over 5% in its stock price, with a current price of 2.72 HKD and a trading volume of 14.92 million HKD [1] - For the six months ending June 30, 2025, the company reported revenue of 439 million RMB, representing a year-on-year growth of 10.1% [1] - The profit attributable to the company's owners was 62.93 million RMB, showing a year-on-year decrease of 23.9% [1] Group 2 - The adjusted net profit attributable to the company's owners, excluding share-based compensation expenses, was 81 million RMB, reflecting a year-on-year decrease of 13.1% [1] - Huaxi Securities noted that the decline in net profit was primarily due to the ramp-up effects of new campuses in Guangzhou, personnel adjustments in Shenzhen, and the need to reserve teachers for the expansion of learning centers [1] - The firm believes that the short-term impacts on performance are primarily due to adjustments in the Shenzhen team and pre-emptive costs and expenses in Guangzhou, which led to results falling below expectations [1] Group 3 - The company has recruited high-quality fresh graduates as teachers, and the adjustments in the Shenzhen team are expected to lay the groundwork for a future resumption of high growth [1] - In addition to the ramp-up in Guangzhou, the company is expected to restart expansion in regions such as Dongguan and Foshan, with the potential for profit margin release after these new areas overcome their ramp-up periods [1]
港股异动 | 思考乐教育(01769)跌超5% 新校区爬坡等因素影响业绩 上半年纯利同比跌23.9%