Xueda Education Technology Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 26, 2021 at 05:51 pm IST
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Xueda (Xiamen) Education Technology Group Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 691.802 million compared to CNY 599.945 million a year ago. Operating income was CNY 14.022 million compared to operating loss of CNY 9.961 million a year ago. Net income was CNY 5.366 million compared to net loss of CNY 16.034 million a year ago. Basic earnings per share from continuing operations was CNY 0.0519 compared to basic loss per share from continuing operations of CNY 0.1667 a year ago.
Xueda Xiamen Education Technology Group Co Ltd, formerly Xiamen Unigroup Xue Co Ltd, is a China-based company mainly engaged in education services. The Company provides personalized education counseling for Chinese primary and middle school students. The Company focuses on the (kindergarten to 12th grade) K12 education and training business, mainly includes one-to-one tutoring, personalized group tutoring, full-time cultural tutoring, online school. The Company's courses also include training and counseling courses for art examination and culture courses, training and counseling courses related to the new college entrance examination, as well as expanding training and counseling products including international education, full-time primary and secondary school education and training services, and quality development. The Company is also engaged in house leasing, property management, equipment leasing business and technical services.