HONG KONG, CHINA - Media OutReach - 2 August 2018 - China Chuanglian
Education Financial Group Limited
(HKEx stock code: 2371.HK, the "Group") announced that, it is anticipated that the Group would
improve significantly to record a turnaround to profit for the six months ended
30 June 2018. It was mainly attributable to a significant increase in the
revenue from the educational consultancy and online training and education
business; and an improvement in gross profit margin as a result of better
economy of scale achieved.
Mr. Lu Xing,
Chairman of the Group
said, "With the increasing popularity of the internet and online education, as
well as the change in the economy structure and the corresponding increase in
the demand for talented personnel in the PRC, it is expected that the market of
education industry will continue to grow. We believe that, there is plenty of
room for the Group's business."
China Chuanglian Education Financial Group Limited
China Chuanglian Education Financial (2371.HK) is
principally engaged in the provision of the online training and education
services in the PRC. It focuses on vocational education and continuing
education, and provides massive online and offline training services to civil
servants and professional technical personnel. Its online training platforms
had provided training to an accumulated person-times of over 20 million and
registered users of Rongxue App has increased to over 2 million.
Meanwhile, leveraging on the accurate big data
accumulated from the online training, the Group has taken certain steps to
expand into the financial business. In 2016, the Group has become one of the nine promotors of Xinmei Mutual Life Insurance Agency.
The Group has also acquired insurance brokerage companies in the PRC and Hong