Jianzhi Education Technology Group Company Limited ADR (JZ) has released an update.
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Jianzhi Education Technology Group has reported a 25.4% decrease in net revenues in the first half of 2024 compared to the same period in 2023, with a significant drop due to lessened demand for IT solution services and educational content. Despite the revenue fall, the company managed to reduce its total operating expenses, resulting in an operating income, indicative of improved efficiency. The gross profit margin has notably increased from 8.5% to 19.9%, reflecting a strategic shift towards more profitable IT design and development services.
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