CHINA EDU GROUP (00839) plummeted 9.05% intraday on Tuesday, hitting a new record low since its listing.

The sharp decline followed the company's release of interim results that fell short of expectations. Revenue for the period grew only 3.24% year-on-year, while profit attributable to owners declined 21.72%. A HSBC Global Research report highlighted that both revenue and profit margins disappointed, citing shifting student and parent preferences, intensified competition from public institutions, and broader macroeconomic challenges as key factors impacting performance.