| Schedule of each reporting segment's revenues, cost of revenues, gross profit, operating expenses, other income (expense), income (loss) before income tax and non-controlling interests and total assets |
For the six months ended June 30, 2022 (Unaudited) | | | | | | | | | K‑12 | | CP&CE | | | (RMB in thousands) | | Schools | | Programs | | Consolidated | | | RMB | | RMB | | RMB | Net Revenues | | 99,950 | | 104,093 | | 204,043 | Cost of revenues | | (51,452) | | (76,426) | | (127,878) | GROSS PROFIT | | 48,498 | | 27,667 | | 76,165 | | | | | | | | OPERATING EXPENSES | | | | | | | Selling and marketing | | — | | (16,362) | | (16,362) | General and administrative | | (8,929) | | (58,633) | | (67,562) | Research and development | | — | | (3,540) | | (3,540) | Unallocated corporate expenses | | — | | — | | (26,435) | Total operating expenses | | (8,929) | | (78,535) | | (113,899) | | | | | | | | OPERATING INCOME (LOSS) | | 39,569 | | (50,868) | | (37,734) | | | | | | | | OTHER INCOME | | | | | | | Interest income (expense), net | | 950 | | (445) | | 505 | Other (expense) income, net | | (249) | | 5,682 | | 5,433 | Gain from deregistration of subsidiaries | | — | | 295 | | 295 | Loss on disposal of subsidiaries | | — | | (1,124) | | (1,124) | Gain on sale of investment available for sale | | 799 | | — | | 799 | Unallocated corporate other loss | | — | | — | | (1,309) | Total other income | | 1,500 | | 4,408 | | 4,599 | | | | | | | | INCOME (LOSS) BEFORE INCOME TAX AND NON-CONTROLLING INTERESTS | | 41,069 | | (46,460) | | (33,135) | | | | | | | | Segment assets | | 261,560 | | 319,869 | | 581,429 | Unallocated corporate assets | | — | | — | | 332,438 | TOTAL ASSETS as of June 30, 2022 | | 261,560 | | 319,869 | | 913,867 |
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, net | | 725 | | 602 | | 1,327 | Other expense, 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 |
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| Schedule of net revenues long lived assets geographical areas |
| | | | | | | | | | | Three months ended June 30, | | Six months ended June 30, | | | 2022 | | 2021 | | 2022 | | 2021 | | | RMB | | RMB | | RMB | | RMB | | | Unaudited | | Unaudited | | Unaudited | | Unaudited | Net Revenues | | | | | | | | | PRC | | 77,803 | | 141,066 | | 141,000 | | 234,927 | U.S. | | 32,125 | | 31,185 | | 63,043 | | 66,929 | Total | | 109,928 | | 172,251 | | 204,043 | | 301,856 |
| | | | | | | As of | | | June 30, 2022 | | December 31, 2021 | | | RMB | | RMB | | | Unaudited | | | Long-Lived Assets | | | | | PRC | | 211,379 | | 222,396 | U.S. | | 152,935 | | 157,066 | Total | | 364,314 | | 379,462 |
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