BOJUN EDU (01758) announced its interim results for the six months ended February 28, 2026. Revenue amounted to approximately 181 million yuan, a decrease of 12.9% year-on-year. The loss attributable to company owners was 39.18 million yuan, widening by 499.2% compared to the same period last year. Basic loss per share was 4.34 fen. As of February 28, 2026, the total number of students enrolled in the group was 28,845, consisting of 27,800 vocational education students, 1,001 high school students, and 44 kindergarten students. The company stated that the decrease in revenue was primarily due to a reduction of approximately 24.5 million yuan in revenue from the vocational education segment. Specifically, revenue from secondary vocational education decreased by approximately 11.2 million yuan, mainly attributable to a decline in the total number of junior high school graduates and increased enrollment in regular high schools, leading to a structural reduction in student sources. Revenue from higher vocational education decreased by approximately 13.3 million yuan, primarily due to a reduction in relevant government subsidies and per-student funding compared to the comparable period. These factors collectively contributed to the decline in revenue.