Fenbi Scores Earnings Success From Civil Service Exam Boom

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Key Takeaways:Fenbi performed well across its three major businesses in the first half, with gross margin on classroom-based tutoring jumping 10 percentage points to 46.3%Going forward, the company plans to invest in upgrading its AI technologyBy Molly Wen China’s weakening economy has pushed youth unemployment rates to record levels, but the dark cloud came with a silver lining for one business sector: vocational training. Customers are flocking to adult education providers such as Fenbi Ltd. (2469.HK), looking for help to pass the rigorous civil service exam that is seen as a ticket to a sta…

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