BRIEF: Beststudy Education’s profit jumps

Tutoring services provider China Beststudy Education Group (3978.HK) announcedonThursday it expects to report its revenue ranged between 1.8 billion yuan ($263 million) and 2 billion yuan last year, up 63.3% to 81.5% from 2024. It projected its net profit for the year will be between 260 million yuan and 340 million yuan, up 35.2% to 76.8% year-on-year.

Management attributed the strong performance to strong user recognition for its teaching quality and service capabilities, and steady enhancement of its brand influence in the Guangdong-Hong Kong-Macao Greater Bay Area, where its regional expansion has delivered notable results.

Founded more than 28 years ago and headquartered in the city of Guangzhou, Beststudy is a K-12 extracurricular education services provider, offering primary and secondary academic tutoring and exam preparation courses. The company has shifted its focus in recent years toward compliant quality education and personalized learning, leveraging AI technologies to upgrade its education services.

Beststudy’s stock opened higher on Friday and closed at HK$3.45 by the midday break, up 3.92%. The stock is down about 13% this year.

By Lee Shih Ta

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