Xueda Education Technology Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 25, 2022 at 09:36 pm IST
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Xueda (Xiamen) Education Technology Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 496.58 million compared to CNY 691.8 million a year ago. Revenue was CNY 496.58 million compared to CNY 691.8 million a year ago. Net income was CNY 1.17 million compared to CNY 5.37 million a year ago. Basic earnings per share from continuing operations was CNY 0.0099 compared to CNY 0.0519 a year ago. Diluted earnings per share from continuing operations was CNY 0.0099 compared to CNY 0.0519 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.