Chalk (02469.HK) surged over 7% after issuing a profit alert. As of press time, it rose 7.51% to HK$2.72, with a turnover of HK$6.2894 million.$FENBI(02469.HK)

On the news front, Chalk announced a profit alert, expecting revenue of no less than RMB 1.61 billion for the six months ending June 30, 2024, and a net profit of no less than RMB 255 million, representing a year-on-year increase of no less than 212.9%. The significant improvement in financial performance is mainly attributed to the leading application of AI and other online technologies in the company's teaching and course products, which has increasingly demonstrated the efficiency advantages of its teaching resources and continuously improved the per-teacher revenue contribution. Technology empowerment has further enhanced operational efficiency.

On July 12 this year, Chalk officially launched its self-developed first vertical large model focused on the vocational education industry and announced the upcoming launch of its AI teacher "Chalk Head," leading vocational education into the AI-empowered 4.0 era. Cinda Securities pointed out that, from the company's perspective, the advancement of OMO small classes and AI-powered Q&A and teaching research are expected to improve operational efficiency, leading to higher profit margins and outstanding performance in terms of profits.

Personal interpretation: Chalk primarily focuses on civil service exam training, and despite the economic downturn in recent years, the popularity of civil service exams has remained strong. By actively investing in AI technology applications and educational model innovations, Chalk has not only improved its financial performance but also brought new development opportunities to the vocational education industry. With the continuous advancement of AI technology and the expansion of application scenarios, Chalk is expected to achieve more stable and sustainable development in the future. Stay tuned.