Offcn Education Technology Co., Ltd.

Equities

002607

CNE100001641

Professional & Business Education

End-of-day quote Shenzhen S.E. Other stock markets 03:30:00 24/05/2024 am IST			5-day change	1st Jan Change
2.49 ^CNY	-1.19%		-4.96%	-38.97%

29/04	Offcn Education Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
2023	Offcn Education Technology Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2023	CI

Beijing Shangheng Jirui Commercial Operation Management Co., Ltd. agreed to acquire 51% stake in Beijing Zhonggong Future Education Technology Co., Ltd. from Offcn Education Technology Co., Ltd. for CNY 51 million.

September 27, 2021

Beijing Shangheng Jirui Commercial Operation Management Co., Ltd. agreed to acquire 51% stake in Beijing Zhonggong Future Education Technology Co., Ltd. from Offcn Education Technology Co., Ltd. (SZSE:002607) for CNY 51 million on September 26, 2021. Beijing Zhonggong Future Education Technology Co., Ltd. reported total assets of CNY 3.1 billion and net liability of CNY 0.036 million as of July 31, 2021.

Latest news about Offcn Education Technology Co., Ltd.

Offcn Education Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	29/04	CI
Offcn Education Technology Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2023	29/23/29	CI
U.S. issues new Iran-related sanctions -Treasury Dept website	18/23/18	RE
Offcn Education Forms Alliance With Local Entrepreneurship Platform	13/23/13	MT
Offcn Education Technology Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2023	29/23/29	CI
Offcn Education Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023	27/23/27	CI
Offcn Education Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2022	27/23/27	CI
Analysis-Hiring spree by China's debt-laden local governments fuel fiscal fears	30/23/30	RE
Hou Zepei completed the acquisition of 2.01% stake in Offcn Education Technology Co., Ltd. from Lu Zhongfang.	24/23/24	CI
Hou Zepei agreed to acquire a 2.01% stake in Offcn Education Technology Co., Ltd. from Lu Zhongfang for approximately CNY 530 million.	17/23/17	CI
MSCI to add 34 securities to its ACWI index, delete 24	10/23/10	RE
Shanguotou• Yunqi No. 1 Securities Investment Collective Fund Trust Plan signed the share transfer agreement to acquire 5.1% stake in Offcn Education Technology Co., Ltd. from Lu Zhongfang for CNY 1.4 billion.	17/23/17	CI
Yinhu Qilin No. 5 Private Securities Investment Fund managed by Jiangsu Xihua Private Security Fund Management Co., Ltd.) completed the acquisition of 2.05% stake in Offcn Education Technology Co., Ltd. from Li Yongxin.	10/23/10	CI
Yinhu Qilin No. 5 Private Securities Investment Fund managed by Jiangsu Xihua Private Security Fund Management Co., Ltd.) agreed to acquire a 2.05% stake in Offcn Education Technology Co., Ltd. from Li Yongxin for approximately CNY 460 million.	27/22/27	CI
Wang Junfei agreed to acquire a 2.57% stake in Offcn Education Technology Co., Ltd. from Li Yongxin for approximately CNY 570 million.	27/22/27	CI
China Vows to Promote Vocational Education	23/22/23	MT
Shanghai Kaishuang Private Equity Fund Management Co., Ltd., managed by Huatai Securities Asset Management Co., Ltd. completed the acquisition of 4.46% stake in Offcn Education Technology Co., Ltd. (SZSE : 002607) from Lu Zhongfang.	22/22/22	CI
Tongyi Zijin No. 3 private equity securities investment fund managed by Shanghai Tongyi Investment Management Co., Ltd. completed the acquisition of 4.46% stake in Offcn Education Technology Co., Ltd. from Lu Zhongfang.	22/22/22	CI
Tongyi Zijin No. 3 private equity securities investment fund managed by Shanghai Tongyi Investment Management Co., Ltd. agreed to acquire a 4.46% stake in Offcn Education Technology Co., Ltd. from Lu Zhongfang.	13/22/13	CI
Shanghai Kaishuang Private Equity Fund Management Co., Ltd., managed by Huatai Securities Asset Management Co., Ltd. signed the share transfer agreement to acquire a 4.46% stake in Offcn Education Technology Co., Ltd. (SZSE : 002607) from Lu Zhongfang for CNY 1.1 billion.	13/22/13	CI
Kangqi Assets Chuxin No. 1 Private Equity Securities Investment Fund completed the acquisition of 5% stake in Offcn Education Technology Co., Ltd. from Lu Zhongfang.	12/22/12	CI
Kangqi Assets Chuxin No. 1 Private Equity Securities Investment Fund signed a Share Transfer Agreement to acquire a 5% stake in Offcn Education Technology Co., Ltd. from Lu Zhongfang for CNY 1.3 billion.	03/22/03	CI
Tuopai Xingfeng No. 9 Private Securities Investment Fund, managed by Shanghai Tuopai Asset Management Co., Ltd. acquired 5% stake in Offcn Education Technology Co., Ltd. from Lu Zhongfang.	24/22/24	CI
An unknown buyer agreed to acquire a 5% stake in Offcn Education Technology Co., Ltd..	24/22/24	CI
An unknown buyer agreed to acquire 5.51% of stake in Offcn Education Technology Co., Ltd. for CNY 1.6 billion.	23/22/23	CI

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Company Profile

Offcn Education Technology Co, Ltd. is one of the leading vocational education and public service entrance examination training institutions in China. Net sales break down by activity as follows: - training services for civil servants (48.7%); - preparation services for civil service competitive examinations (39%); - teacher recruitment and training services (11.6%); - other (0.7%). At the end of 2021, the Group will have a network of 1,508 vocational training institutions in China. All sales are earned in China.

Sector

Professional & Business Education

Calendar

28/08/2024 - Q2 2024 Earnings Release (Projected)

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Ratings for Offcn Education Technology Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

2.49 CNY

Average target price

3.278 CNY

Spread / Average Target

+31.63%

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Quarterly earnings - Rate of surprise

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Sector Professional & Business Education

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Professional & Business Education