| Revenue |
For the years ended December 31, 2023,
2024 and 2025, all of the Group’s revenue was generated in the PRC. The disaggregated revenues were as follows:
| | |
For the years ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | |
| Revenue from third parties: | |
| | |
| | |
| |
| Tuition fees | |
| 30,626,298 | | |
| 15,416,740 | | |
| 13,863,581 | |
| Course design, development and training | |
| 4,766,127 | | |
| 6,839,135 | | |
| 5,101,952 | |
| Accommodation | |
| 5,963,281 | | |
| 4,032,860 | | |
| 3,580,137 | |
| Healthcare support services | |
| - | | |
| 780,233 | | |
| 2,568,905 | |
| Uniforms, learning materials and other campus necessities | |
| 2,937,007 | | |
| 2,164,187 | | |
| 2,070,624 | |
| Meals | |
| 1,925,744 | | |
| - | | |
| 986,477 | |
| Comprehensive human resource services | |
| 653,149 | | |
| 1,263,810 | | |
| 847,756 | |
| Rental revenue | |
| 746,294 | | |
| 888,470 | | |
| 983,125 | |
| Others | |
| 2,443,231 | | |
| 660,940 | | |
| 226,875 | |
| Subtotal | |
| 50,061,131 | | |
| 32,046,375 | | |
| 30,229,432 | |
| | |
| | | |
| | | |
| | |
| Revenue from related parties: | |
| | | |
| | | |
| | |
| Rental revenue | |
| 754,285 | | |
| 754,285 | | |
| 377,143 | |
| Others | |
| - | | |
| - | | |
| 226,415 | |
| Subtotal | |
| 754,285 | | |
| 754,285 | | |
| 603,558 | |
| | |
| | | |
| | | |
| | |
| Total revenue | |
| 50,815,416 | | |
| 32,800,660 | | |
| 30,832,990 | |
| (1) | Tuition and accommodation fees, revenue from course design, development and training, rental revenue, comprehensive human resource services and healthcare support services fee were recognized over time, amounted to RMB42,856,285, RMB27,931,490 and RMB27,549,014 for the years ended December 31, 2023, 2024 and 2025, respectively. Other types of revenue were recognized at a point of time. |
As of December 31, 2025, revenue
for unsatisfied performance obligations expected to be recognized in year 2026 is RMB7,796,228 which primarily relates to education services
and accommodation services to be delivered in the future to the students.
|