Together Education's revenue in the fourth quarter of 2023 increased by over 19% year-on-year, with an increase in the proportion of SaaS business revenue
白云追月素
发表于 2024-3-21 12:00:35
207
0
0
On March 21, 2024, YQ. US Education Technology released its financial report for the fourth quarter of 2023.
Revenue increased by 19.7% year-on-year in the fourth quarter
In the fourth quarter of 2023, the SaaS business of Education Technology Education Teaching maintained an overall healthy and stable development trend, with stable growth in revenue year-on-year and month on month. The operating revenue reached 47.35 million yuan, a year-on-year increase of 19.7% and a month on month increase of 5%.
After the financial report was issued, as of the close of March 20th Eastern Time, the stock price of Tongyi Education rose 3.83% to close at $2.98 per share.
Previously, Education Technology disclosed in its performance report for the third quarter of 2023 that the company's net revenue for the third quarter was RMB 45.1 million (USD 6.2 million), compared to RMB 124.6 million in the same period of 2022, a year-on-year decrease of 63.8%. In the third quarter of 2023, the net loss was RMB 72.9 million (US $10 million), compared to a net loss of RMB 23.5 million in the same period last year, which more than doubled in magnitude.
Regarding the decline in performance in the third quarter, Education Technology stated that due to the concentration of resources on SaaS business, the net revenue from other education services decreased, while the SaaS billing model recognized revenue at a slower rate over a longer period of time.
Therefore, with the continuous promotion of the SaaS billing model, in the fourth quarter, the core business of Education Technology on campus steadily advanced, and the main projects achieved delivery acceptance and revenue recognition. As of December 31, 2023, the annual operating revenue has reached 170 million yuan, of which the proportion of projects charged through SaaS renewal mode continues to increase.
Continuously promoting the digital transformation of education
At the 2023 Global Smart Education Conference, Shanghai Minhang District, Changning District, and Xicheng District of Beijing, supported by the "One Education, One Learning" platform technology, were successfully selected for the list of outstanding smart education cases by the Ministry of Education in 2023. The technology driven solution for high-quality education development, represented by the normalized use of smart pens and smart pen boxes in the region, has been further recognized. Digital education is driving profound changes in the "teaching and learning" of schools, with changes in education and teaching models and talent cultivation models driven by big data.
At the beginning of 2024, the World Digital Education Conference was successfully held, and together with educational technology, advanced digital solutions were presented at the conference, bringing more excellent practical experience to the digital transformation of district schools. The China Smart Education Development Report 2023, officially released at the conference, includes in detail the practical exploration of promoting digital transformation of education in the entire district of Changning, Shanghai. Through in-depth education technology services, we aim to assist Changning District in taking regional education as a whole, integrating education digitization, and achieving the development of education from quantitative to qualitative changes driven by regional digital technology.
Recently, the list of innovative application cases of education big data in Beijing was announced, and the Beijing Education Commission selected 37 innovative application cases of education big data. It is worth noting that one urban case and three school cases supported by educational technology were successfully selected.
Digitalization of education is an important breakthrough for China to open up new avenues for educational development and shape new advantages in educational development. The 2024 government work report also proposes to vigorously develop digital education. In the future, in the field of educational informatization, together with Education Technology, we will adhere to the long-term strategic principle of digital transformation business in campus education, and steadily promote the landing of digital transformation business in the national market.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Netflix's revenue and profit in the third quarter exceeded expectations and rose by over 5% after the market closed
- TSMC's market value exceeds $1 trillion! Annual revenue expected to increase by 30%: AI demand is crazy and just beginning
- New Oriental: Expected net revenue of $851 million to $872 million in the second quarter of fiscal year 2025, up 25% -28% year-on-year
- Ford's revenue for the third quarter of this year was $46 billion, a year-on-year increase of 5%
- AMD's adjusted earnings per share for the third quarter met expectations, but its revenue outlook for the fourth quarter was not satisfactory
- AMD expects GPU sales to exceed $5 billion this year: Q4 revenue guidance falls short of expectations, market worries about AI demand
- Microsoft's first quarter revenue exceeded expectations
- Revenue and profit both decline, who is eating Nike's market
- Intel falls, AMD eats its fill! Wall Street predicts a significant decline in Intel's Q3 revenue
- Q4 revenue guidance falls short of expectations, Ideal US stock drops by over 13%, Li Xiang can still receive over 600 million yuan in equity incentives
-
【英偉達の需要が高すぎる?SKハイニックス:黄仁勲がHBM 4チップの6カ月前納入を要求!】SKハイニックスの崔泰源(チェ・テウォン)会長は月曜日、インビダーの黄仁勲(ファン・インフン)CEOが同社の次世代高帯域 ...
- 琳271
- 前天 17:54
- 支持
- 反对
- 回复
- 收藏
-
ファイザーが前立腺がんを治療する革新薬テゼナ& ;reg;(TALZENNA®,一般名:トルエンスルホン酸タラゾールパーリカプセル)は2024年10月29日に国家薬品監督管理局(NMPA)の承認を得て、HRR遺伝子突然変異 ...
- 什么大师特
- 昨天 17:41
- 支持
- 反对
- 回复
- 收藏
-
南方財経は11月5日、中央テレビのニュースによると、現地時間11月5日、米ボーイング社のストライキ労働者が59%の投票結果で新たな賃金協定を受け入れ、7週間にわたるストライキを終えた。ストライキ労働者は11月12 ...
- Dubssgshbsbdhd
- 昨天 16:27
- 支持
- 反对
- 回复
- 收藏
-
【マスクはテスラが携帯電話を作ることに応えた:作れるが作らないアップルとグーグルが悪さをしない限り】現地時間11月5日、有名ポッドキャストのジョローガン氏のインタビューに応じ、「携帯電話を作るのは私たち ...
- 波大老师
- 昨天 14:41
- 支持
- 反对
- 回复
- 收藏