MINSHENG EDU (01569) issued a profit warning, expecting to incur a net loss of no less than 2.1 billion yuan for the year, turning from profit to loss on a year-on-year basis.

MINSHENG EDU (01569) announced that the Group is expected to incur a net loss of not less than RMB 210 million for the current period (until the end of the fiscal year on December 31, 2025), excluding (i) the financial impact related to arbitration (if any), and (ii) any losses arising from impairment of goodwill and intangible assets (if any). However, the net profit for the period ending on December 31, 2024, is approximately RMB 188 million, excluding any losses from impairment of goodwill and intangible assets. The main reasons for the net loss are as follows: During the current period, the Group's online education entity was affected by the market, resulting in a significant decline in revenue compared to the period ending on December 31, 2024, leading to the net loss for the current period. During the current period, the Group's operations in China continued to increase investment in school operations, resulting in a significant increase in costs compared to the period ending on December 31, 2024.