An educational technology landing on NASDAQ: stock price rose 0.67percent on the first day

category:Finance
 An educational technology landing on NASDAQ: stock price rose 0.67percent on the first day


According to prospectus data, an educational technology is an intelligent education company providing Internet plus solutions. In 2019, net income was 406 million yuan, an increase of 31% over the same period last year. In the first three quarters of 2020, a net income of education technology was 808 million yuan, a significant increase of 277%.

According to the report of Frost & Sullivan, the average Mau (monthly active users) of its products working together in the first half of 2020 is the first in the field of smart classroom education solutions, and the scale is larger than the sum of the following four enterprises. At the same time, with the use of educational technology in the school layout, to provide online K-12 class extracurricular counseling services complementary to school teaching, its online school business also ranked among the top five in the industry. According to the prospectus, the income of an educational technology company in October 2020 will be 132 million yuan, mainly from online K-12 extracurricular counseling services. From January 1, 2020 to November 26, 2020, the number of registered students of online K-12 extracurricular counseling courses reached 1.941 million, about 2.8 times of the same period in 2019. Together, the R & D cost of educational technology has always maintained a high growth. In the first three quarters of 2020, the R & D investment in education and technology reached 423 million yuan, a year-on-year increase of 17%, accounting for 52% of the revenue. Source: Yang Bin, editor in charge of economic report in the 21st century_ NF4368

According to the report of Frost & Sullivan, the average Mau (monthly active users) of its products working together in the first half of 2020 is the first in the field of smart classroom education solutions, and the scale is larger than the sum of the following four enterprises. At the same time, with the use of educational technology in the school layout, to provide online K-12 class extracurricular counseling services complementary to school teaching, its online school business also ranked among the top five in the industry.

According to the prospectus, the income of an educational technology company in October 2020 will be 132 million yuan, mainly from online K-12 extracurricular counseling services. From January 1, 2020 to November 26, 2020, the number of registered students of online K-12 extracurricular counseling courses reached 1.941 million, about 2.8 times of the same period in 2019.

Together, the R & D cost of educational technology has always maintained a high growth. In the first three quarters of 2020, the R & D investment in education and technology reached 423 million yuan, a year-on-year increase of 17%, accounting for 52% of the revenue.