Business
Neutech Group Limited Announces 2024 Annual Results
On the evening of March 27th, 2025, Neutech Group Limited (Stock Code: 9616.HK) announced the annual results of 2024.
About this update from Neutech Group Limited
[{"type":"text","content":"Deepening the Strategic Transformation toward an Ecosystem of Education, Healthcare, Wellness, and Mind Tour, with Synergies Increasingly Materializing","length":156,"tagName":"p","attribs":{}},{"type":"text","content":"HONG KONG, March 28, 2025 /PRNewswire/ -- On the evening of March 27th, 2025, Neutech Group Limited (Stock Code: 9616.HK) announced the annual results of 2024.","length":164,"tagName":"p"},{"type":"text","content":"In 2024, the Group leveraged the "Education + Technology + Services" tri-engine model and pursued integrated development across education, healthcare, wellness, and mind tour to drive strategic transformation. This cross-business synergy sustained steady growth: During the reporting period, the Group achieved revenue of approximately RMB2.042 billion, representing a year-on-year increase of 13.1%; the gross profit was RMB969 million, representing a year-on-year increase of 12.0%; adjusted net profit was RMB466 million, representing a year-on-year increase of 8.7%; adjusted net profit margin was 22.8%.","length":623,"tagName":"p"},{"type":"text","content":"In 2024, building on its education technology foundation, the Group strategically acquired Neutech Healthcare Medical and its subsidiaries to strengthen its healthcare wellness service. Concurrently, it launched the Neuedu Phoenix College brand and introduced elderly education and mind tour services. Marking a new era of transformation, the Company completed its renaming as "Neutech Group Limited", aligning with its integrated ecosystem strategy. This year not only initiated the Group's strategic upgrade but also positioned Neutech as a pioneer in building a holistic "teaching, medical, health care and health tourism" ecosystem.","length":675,"tagName":"p"},{"type":"text","content":"Strengthening Its Educational Foundation and Enhancing Its Core Capabilities","length":76,"tagName":"p"},{"type":"text","content":"Relying on Neutech's strong industrial DNA and technological resources, the Group's education business has achieved accelerated growth and remarkable results. In 2024, In terms of full-time higher education, the three applied undergraduate universities under its umbrella focus on the direction of "IT + digital media + health care", and the quality of education con...