The financial report shows that the net income of an educational technology in the fourth quarter was 487 million yuan (RMB, the same below), up 153 1% year-on-year. Among them, the net income of online course K 12 was 467 million yuan, up by 163.5% year-on-year, mainly due to the large-scale growth of its users of "Learn Together Online School"-the number of registered regular-priced courses in the fourth quarter was 849,000, up by 165.2% year-on-year.
As far as annual performance is concerned. The net income of An Education Technology in 2020 was 65.438+0.294 billion yuan, up 265.438+08.6% year-on-year, of which the net income of online courses of K 12 was 654.38+0.210.20 billion yuan, up 238.9% year-on-year; The number of full-price courses enrolled in the whole year was 20 1.8 million, an increase of 1.78% year-on-year.
In the service mode, the online school of learning together is mainly based on the verified large class live class mode and adopts the dual-teacher teaching mode. In 2020, the number of lecturers and tutors will increase by 65.0% and 82.3% respectively.
It is worth noting that in 2020, the overall operational efficiency of educational science and technology will be significantly improved.
In 2020, the proportion of educational technology sales expenses to net income will drop from 65,438+043.7% in the same period of 2065,438+09 to 84.8%, and the proportion of management expenses will drop from 38.8% in the same period of 2065,438+09 to 32.5%. The proportion of annual operating loss to net income narrowed from 246.2% in 20 19 to 103. 1%, and the adjusted proportion of net loss decreased from 2 14.3% in 20 19 to 76.0%.
Of course, we still continue to invest heavily in R&D, compared with drastically reducing marketing and management expenses, together with educational technology. ..
In 2020, R&D investment in education and science and technology will be 665.438+0 billion yuan, up by 25. 1% year-on-year. Previously, the prospectus disclosed that the net income of an educational technology in 20 19 was 4 10 million yuan, while the investment in research and development was as high as 490 million yuan.
Chang Lu, founder, chairman and CEO of educational technology, said: "In a highly competitive market environment, we are committed to the differentiated' on-campus+extracurricular' integrated service model; The long-term trend of educational informatization in China has brought great growth opportunities. Science and technology help students in China have more opportunities to obtain high-quality learning opportunities and resources than before, and government policies are constantly providing support. We believe that education informatization will provide huge development space for our school products. "