BOJUN EDU (01758) issues profit warning, expecting a net loss of approximately 8.9 to 10.8 million yuan in the medium term.

BOJUN EDU (01758) announced that the group is expected to incur a net loss between approximately RMB 8.9 million and RMB 10.8 million for the six months ending on February 28, 2025, compared with a net profit of approximately RMB 3.9 million for the same period in 2024. The Board of Directors believes that the expected net loss is mainly due to financing costs of approximately RMB 48 million for the six months ending on February 28, 2025, including bank borrowing costs of approximately RMB 26.2 million, other borrowing costs of approximately RMB 19 million, and a discount of approximately RMB 2.8 million for the settlement of related party payables. The financing costs incurred from borrowing are mainly related to the construction of the Sichuan Wenxuan Vocational College campus.