Weekly Update: this week in China edtech

This week, many companies have released their fiscal reports for FY 2016. Let’s have a look!

Fiscal Report| China High-tech Group

The company’s FY16 report shows a revenue of 57.9 million RMB and the net income is 564 million RMB (a 709% YoY increase). China High-tech Group originally operated on real estate, logistics, domestic and international trade, but started to test the water of the education market in 2015 with the supports of many higher-ed shareholders, e.g. Beijing Uni. In 2016, CHG is completely transferred into Vocational Education Sector.

Fiscal Report | Lanxum

Lanxum’s FY16 fiscal report shows a revenue of 1.88 billion RMB (an 84.1% YoY increase) and total income of 362 million RMB (a 138% YoY increase). Headquartered in Beijing, the company now has branches and subsidiary companies across 20 cities in China. Now it has two main segments: Education and Information Security Technology. It’s another successful case of a cross-industry company who transitioned its business to education.

Fiscal Report | Xinnanyang

The FY16 Fiscal Report of Xinnanyang shows a revenue of 1.39 billion RMB (a 19.3% YoY increase) and net revenue of 183 million RMB (a 204% YoY increase). Main businesses of Xinnanyang is education training, covering K12 after-school tutoring, vocational training, international education, early-childhood education, etc.

Fiscal Report | Mind Education

Last year, Mind Education has achieved a total revenue of 368 million RMB (a 56.5% YoY increase) and a net income of 40.1 million RMB (a 25.4% YoY increase). Founded in 2006, Mind Education is a trip-study and educational summer/winter camp provider for 3–18-year-olds. It also provides teacher training and education forum services.