MINSHENG EDU (01569) announced its annual results for the year ended December 31, 2025. The group recorded revenue of 1.65 billion yuan, a decrease of 15.28% compared to the previous year. The loss attributable to owners of the parent company was 744 million yuan, a significant shift from a profit of 1.19 million yuan in the same period last year. The loss per share was 0.1765 yuan. According to the announcement, the loss was primarily due to an impairment of approximately 548 million yuan on the goodwill and intangible assets of its online education segment, and a net impairment loss on financial assets of approximately 140 million yuan.