Chen Lin Education Issues Profit Warning, Anticipates Interim Net Loss Under 24 Million Yuan

Stock News
04/24

Chen Lin Education (01593) announced that the group expects to report an unaudited net loss and a net loss attributable to company owners not exceeding RMB 24 million for the six-month period ending February 28, 2026. This represents a significant reduction in losses compared to the net loss and net loss attributable to company owners of RMB 412 million recorded for the fiscal year ending August 31, 2025. For the six-month period ending February 28, 2025, the company had reported an unaudited net profit and net profit attributable to company owners of approximately RMB 4.6 million. The substantial decrease in net loss and net loss attributable to company owners compared to the 2025 fiscal year is primarily due to the non-recognition of non-cash impairment losses of approximately RMB 288.8 million related to goodwill and non-financial assets, and the absence of a non-cash loss of approximately RMB 43 million from the reinstatement of deferred revenue.

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