Economic Slowdown, Favorable Policies Boost Two Vocational Educators

China Education Group and China New Higher Education posted 25-30% revenue growth for their latest fiscal years through August Key Takeaways: China Education Group’s revenue rose 29% in its latest fiscal year, while its profit was up by a similar 31.5% on favorable policy and economic conditions China New Higher Education’s revenue rose 24.6% in its latest fiscal year, but its profit was up just 6.5% as its costs jumped and student enrollment fell slightly By Doug Young A “perfect storm” of factors has combined to boost China’s vocational education…

Read More »

Loss-hit Fenbi Tech Seeks IPO Cash After Education Sector Upheaval

The slimmed-down provider of tutoring for civil service exams and vocational training has filed to list on the Hong Kong Stock Exchange for the second time Key Takeaways: Fenbi Technology has posted losses of more than 2.5 billion yuan in the past two years after shifting from online into offline training The company laid off more than 9,400 employees and cut staff salaries to ease financial pressure By Fai Pui A year after a tutoring crackdown shattered China’s prosperous education sector, the still viable pieces of the business are seeking…

Read More »

China East Education Suffers Covid Slowdown as New Enrollments Drop

Vocational educator’s revenue slipped 6% in the first half of the year as school closures led to a 12% decline in income from the company’s core cooking classes Key Takeaways: China East Education’s revenue fell 6.1% in the first half of the year, as its new student enrollments dropped 14% due to Covid-related disruptions Income fell 12% for the company’s cooking academies that account for 60% of its total revenue, reflecting soft demand from the struggling restaurant industry   By Doug Young The latest results from vocational schools operator China…

Read More »

China New Higher Education Thrives on Strong Record, Government Support

Vocational educator placed 98% of its graduates last year, giving it leverage to raise tuitions that powered a 31% revenue jump in its latest financial report Key Takeaways: China New Higher Education placed 98% of its graduates last year, much higher than the industry average, allowing it to raise tuitions Company should benefit from a slew of government policies supporting the sector, including continued involvement by private players By Fai Pui It’s graduation season again, which means a record 10 million students will be hitting the Chinese workforce this year,…

Read More »