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SEGMENT INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2021
SEGMENT INFORMATION |
Schedule of Revenues, Cost of Revenues, Gross Profit, Operating Expenses, Other Income (Expense), (Loss) Income Before Income Tax and Non-controlling Interests and Total Assets | For the six months ended June 30, 2021 (Unaudited) ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | K-12 | ​ | CP&CE | ​ | ​
(RMB in thousands) |  | Schools |  | Programs |  | Consolidated
​ | ​ | RMB | ​ | RMB | ​ | RMB
Net Revenues | ​ | 175,650 | ​ | 126,206 | ​ | 301,856
Cost of revenues |  | (97,886) |  | (83,419) |  | (181,305)
GROSS PROFIT |  | 77,764 |  | 42,787 |  | 120,551
​ |  |  |  |  |  |
OPERATING EXPENSES |  |  |  |  |  |
Selling and marketing |  | (1,163) |  | (22,098) |  | (23,261)
General and administrative |  | (22,371) |  | (38,131) |  | (60,502)
Research and development |  | (424) |  | (2,184) |  | (2,608)
Unallocated corporate expenses |  | — |  | — |  | (29,010)
Total operating expenses |  | (23,958) |  | (62,413) |  | (115,381)
​ |  |  |  |  |  |
OPERATING INCOME (LOSS) |  | 53,806 |  | (19,626) |  | 5,170
​ |  |  |  |  |  |
OTHER INCOME |  |  |  |  |  |
Interest income |  | 725 |  | 602 |  | 1,327
Other (loss), net |  | (36) |  | (1,439) |  | (1,475)
Gain from deregistration of subsidiaries |  | — |  | 1,325 |  | 1,325
Gain on sale of investment available for sale |  | 1,001 |  | — |  | 1,001
Unallocated corporate other income |  | — |  | — |  | 3,399
Total other income |  | 1,690 |  | 488 |  | 5,577
​ |  |  |  |  |  |
INCOME (LOSS) BEFORE INCOME TAX AND NON-CONTROLLING INTERESTS |  | 55,496 |  | (19,138) |  | 10,747
​ |  |  |  |  |  |
Segment assets |  | 402,185 |  | 399,336 |  | 801,521
Unallocated corporate assets |  | — |  | — |  | 207,451
TOTAL ASSETS as of June 30, 2021 |  | 402,185 |  | 399,336 |  | 1,008,972
​ For the six months ended June 30, 2020 (Unaudited) ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | K‑12 | ​ | CP&CE | ​ | ​
(RMB in thousands) |  | Schools |  | Programs |  | Consolidated
​ |  | RMB |  | RMB |  | RMB
Net Revenues |  | 126,800 |  | 118,942 |  | 245,742
Cost of revenues |  | (74,542) |  | (99,240) |  | (173,782)
GROSS PROFIT |  | 52,258 |  | 19,702 |  | 71,960
​ | ​ | ​ | ​ | ​ | ​ | ​
OPERATING EXPENSES | ​ | ​ | ​ | ​ | ​ | ​
Selling and marketing |  | (580) |  | (21,492) |  | (22,072)
General and administrative |  | (18,270) |  | (37,963) |  | (56,233)
Research and development |  | — |  | (724) |  | (724)
Unallocated corporate expenses |  | — |  | — |  | (32,118)
Total operating expenses |  | (18,850) |  | (60,179) |  | (111,147)
​ | ​ | ​ | ​ | ​ | ​ | ​
OPERATING INCOME (LOSS) |  | 33,408 |  | (40,477) |  | (39,187)
​ | ​ | ​ | ​ | ​ | ​ | ​
OTHER INCOME | ​ | ​ | ​ | ​ | ​ | ​
Interest income |  | 218 |  | 1,412 |  | 1,630
Foreign exchange gain, net |  | — |  | 33 |  | 33
Other (loss) income, net |  | (233) |  | 979 |  | 746
Loss from deregistration of subsidiaries |  | — | ​ | (92) | ​ | (92)
Gain on sale of investment available for sale |  | 827 |  | — |  | 827
Unallocated corporate other income |  | — |  | — |  | 47,804
Total other income |  | 812 |  | 2,332 |  | 50,948
​ |  |  |  |  |  |
INCOME (LOSS) BEFORE INCOME TAX AND NON-CONTROLLING INTERESTS |  | 34,220 | ​ | (38,145) |  | 11,761
​
Schedule of net revenues long lived assets geographical areas | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six months ended June 30, | ​ | Three months ended June 30,
​ |  | 2021 |  | 2020 |  | 2021 |  | 2020
​ | ​ | RMB | ​ | RMB | ​ | RMB | ​ | RMB
​ | ​ | Unaudited | ​ | Unaudited | ​ | Unaudited | ​ | Unaudited
Net Revenues |  |  |  |  |  |  | ​ | ​
PRC |  | 234,927 |  | 182,039 |  | 141,066 | ​ | 116,729
U.S. |  | 66,929 |  | 63,703 |  | 31,185 | ​ | 38,734
Total |  | 301,856 |  | 245,742 |  | 172,251 | ​ | 155,463
​
​ | ​ | ​ | ​ | ​
​ | ​ | As of
​ | ​ | June 30, 2021 | ​ | December 31, 2020
​ | ​ | RMB | ​ | RMB
​ | ​ | Unaudited | ​ | ​
Long-Lived Assets | ​ | ​ | ​ | ​
PRC | ​ | 291,180 | ​ | 300,623
U.S. |  | 167,350 |  | 179,560
Total |  | 458,530 |  | 480,183

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 + Details
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