The core data of this paper: the number of listed companies, the market value of listed companies, the scale of online education and training, the scale of investment and financing.
In July, 20021,the State Council issued "Opinions on Further Reducing Students' Homework Burden and Off-campus Training Burden", demanding that off-campus training behavior be fully regulated, and all localities will no longer approve new off-campus training institutions for students in compulsory education stage. The existing discipline training institutions are uniformly registered as non-profit institutions, and the original online discipline training institutions are changed to the examination and approval system; At the same time, the financing activities of training institutions have also been restricted. Under the influence of this policy, China's education and training industry will enter the reshuffle stage.
There are many educational and training institutions, but the scale is small.
According to the fuzzy search results of enterprise survey (with "education and training" as the search keyword), the number of existing education and training institutions in China exceeds 600,000, but most enterprises are small in scale and there are not many large-scale chain education and training institutions.
Due to the difficulty of listing in the domestic education industry, most education and training institutions choose to list overseas. According to the data of Guosen Securities, before 20 16 years, there were no more than 10 education and training enterprises listed overseas in China. Since 20 17, the listing of enterprises in the industry has obviously accelerated, and many education and training companies have successively landed in the Hong Kong stock market and the US stock market. In the first half of 200212002, the number of newly listed companies decreased compared with previous years due to the influence of policy supervision. By June 30th, 20021,65 education and training enterprises had successfully listed overseas.
With the tightening of industrial policies, the market value of listed companies plummeted.
The rapid growth of the number of listed enterprises in education and training reflects that the industry is becoming more and more mature and the market is concentrated in the head office, which is of great significance to the long-term stable development of the industry. Due to the large number of small and medium-sized enterprises in the education and training industry, it is difficult to count the scale of a large number of small and medium-sized enterprises, but most of the leading enterprises in the industry have been listed overseas. By analyzing the total market value of listed companies, we can reflect the market size trend of China education and training industry to some extent.
From 2065438+09 to 2020, the overall market of China's education and training industry was good, and the total market value of overseas listed companies increased significantly. However, since the beginning of 20021,the regulatory policy of the education and training industry has been tightened, the stock price has fallen sharply, and the total market value of the sector has continued to shrink, from 865 1 billion yuan in 2020 to 457.8 billion yuan.
Note: The statistical time is up to June 30th, 20021year, including companies listed in Hong Kong stocks.
The epidemic affected the outbreak of offline education and training.
At the beginning of 2020, affected by the COVID-19 epidemic, primary and secondary schools nationwide postponed the start of school, and teaching activities were changed to online, which promoted the explosive growth of online education users. After the epidemic was effectively controlled in the second half of the year, the scale declined, but the development trend of the industry was still good. As of June 5438+February 2020, the number of online education users in China reached 34 1 10,000, accounting for 34.6% of the total number of netizens; The scale of mobile online education users reached 34 1 10,000, accounting for 34.6% of mobile internet users.
The trend of capital blessing has slowed down.
The education and training industry has a large profit margin, prepaid payment, no inventory, accounts receivable and other problems, and its ability to resist cyclical economic recession is relatively strong. Therefore, the education and training industry was once favored by investors. Since 20 14, financing events in the field of education and training in China have occurred frequently and become one of the investment hotspots. According to the IT orange data, the number of investment events in education and training industry will increase first and then decrease in 20 14-2020. Although there were only 429 investment events in 2020, which was lower than that in 20 19, the investment amount reached the highest in recent years, reaching1061700,000 yuan.
After the release of 202 1 Opinions on Further Reducing Students' Homework Burden and Off-campus Training Burden in Compulsory Education, the investment and financing market for education and training began to cool down. Up to 202 1, 10, there were 3 19 investment events, and the investment amount reached 8,465,438+25 million yuan, an increase compared with 2020.
The industry has entered the reshuffle stage.
Due to the influence of policies, the extracurricular tutoring and training market, which accounts for half of the market segments, has been hit hard. A large number of small and medium-sized institutions with incomplete qualifications have been rectified or banned, and large institutions have been fined frequently. The share prices of listed companies in education and training continued to fall. It is predicted that in the next few years, the education and training industry in China will usher in the reshuffle stage, and the market scale will be reduced. However, in the long-term development, the education and training industry will enter a more formal and mature stage after shuffling, and the existing problems such as low industry concentration, chaotic market order, obvious tendency to "take exams" and low level of teacher construction will be improved, and the market scale will continue to expand.
The above data refer to the Analysis Report on Market Foresight and Investment Strategic Planning of China Education and Training Industry by Forward-looking Industry Research Institute.