China Education Group Projects Major Impairment Loss for FY2025
Reuters
Nov 12
<a href="https://laohu8.com/S/CHNUF">China Education</a> Group Projects Major Impairment Loss for FY2025
China Education Group Holdings Ltd. announced an expected net profit of approximately RMB440 million to RMB600 million for the financial year ended 31 August 2025, compared to RMB502 million in the previous year. The company disclosed that this result already factors in a significant one-off, non-cash impairment loss on goodwill and intangible assets related to certain cash-generating units in Hainan, Guangdong, and Henan provinces, estimated at RMB1,620 million to RMB1,700 million. The impairment reflects downward revisions to projected future cash flows due to intensified market competition and reduced affordability under current macroeconomic conditions. The figures are based on unaudited management accounts and remain subject to finalisation and audit.
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