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Quantong Education: First Quarter Report 2025
Quantong Education: 2024 Annual Report Summary
Quantong Education: Annual Report 2024
Qtone Education Group(Guangdong) (300359.SZ) reported a net loss of 0.104 billion yuan for the year 2024.
On April 28, 2024, Gelonghui announced that Qtone Education Group(Guangdong) (300359.SZ) released its annual report for 2024. In 2024, the company achieved revenue of 442.5767 million yuan, a year-on-year decrease of 31.26%. The main reason is that the continuing education business was affected by a series of policies and customers' payment abilities, leading to a decline in customer demand. At the same time, some customer demands carry accounts receivable risks. In order to ensure healthy cash flow, the company proactively abandoned part of such businesses, resulting in a total revenue reduction of 165.6143 million yuan year-on-year and a gross profit decrease of 83.0323 million yuan year-on-year, influenced by intensified market competition.
Risks Still Elevated At These Prices As Qtone Education Group (Guangdong) Co.,Ltd (SZSE:300359) Shares Dive 30%
Qtone Education Group(Guangdong) (300359.SZ): Qtone Technology plans to sell 32% equity in industrial internet.
On February 24, Gelonghui reported that Qtone Education Group(Guangdong) (300359.SZ) announced that its wholly-owned subsidiary, Guangdong Qtone Education Technology Group Co., Ltd. (referred to as "Qtone Technology"), plans to sell its 32% stake in Qtone Industry Internet (Zhongshan) Co., Ltd. (referred to as "Industry Internet") to Qian Yaoxiang (hereinafter referred to as "the trading counterpart"). The transaction price for selling this symbol's assets is 0.628668 million yuan. After the completion of this transaction, Qtone Technology will hold a 19% stake in Industry Internet, and Industry Internet will no longer be included in the company's consolidated financial statements.
Unpleasant Surprises Could Be In Store For Qtone Education Group (Guangdong) Co.,Ltd's (SZSE:300359) Shares