Doushen education is also facing greater pressure of goodwill impairment. The main reason is that Li Sichen, the predecessor of Doushen Education, is mainly engaged in information security business. In recent years, it has transformed into the education industry. After 20 16, it acquired dozens of education companies and accumulated more goodwill. At the end of 20 18, the original book value of goodwill was 3.996 billion yuan, and the balance of goodwill impairment reserve was10.76 billion yuan. In the mid-year report in 2020, Doushen Education still disclosed the risk of goodwill impairment in the company.