With the arrival of the last quarter of 2023, the national examination, provincial examination, teacher recruitment, postgraduate examination, etc. have entered an intensive examination period. For public employment and reemployment service providers represented by Zhonggong Education, a new round of employment training service cycle has gradually entered the middle of the cycle, which may continue to have a positive impact on the new round of revenue cycle of Zhonggong Education.
Zhonggong Education recently released its third quarter report for 2023. During the reporting period, the company achieved a net profit of 2 in the first three quarters4.2 billion yuan, an increase of 129 over the same period last year42%。It is worth noting that the company's gross profit margin has also improved. This means that the company's profitability continues to improve, and the company's business profitability model is gradually being verified by the market under the new product structure.
Overall, in addition to ensuring the continuous consolidation of business fundamentals, Zhonggong Education has continued to complete a variety of positive changes and adjustments in the past period of time, clarified the strategic focus of "employment service", and demonstrated new momentum and vitality for new businesses, and generally showed a positive development trend.
In the future, under the policy tone of "stabilizing employment" and the in-depth strategic transformation of Zhonggong Education, focusing on the employment ecosystem, relying on the company's core competitiveness such as R&D, channels, and teachers, and with a more flexible response mechanism and talent training capabilities, Zhonggong Education is expected to create the value of the times with higher quality development and achieve more long-term and broad development prospects. (Advertisement).