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SEGMENT INFORMATION (Tables)

6 Months Ended

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

X

- 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.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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