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Four Seasons Education (Cayman) Inc., listed on the NYSE under the symbol FEDU, is a Shanghai-based company offering a broad range of after-school education services, chiefly for kindergarten, elementary, and middle school students. The company has diversified its portfolio to include research practice services, educational informatization equipment, high-quality educational resources, teacher training, and a digital publishing business. Recently, it has broadened its focus, delving into educational research and informatization.
The company's mission is to maximize learners' potential by leveraging advanced technology and enriched educational content. Four Seasons Education has developed various learning products and services to cater to the evolving needs of students and educators. These include non-academic tutoring programs, school-based tutoring product solutions, teacher training programs, study camps, and learning trips. Additionally, the company is building a robust portfolio of tourism programs specifically tailored for senior adults, highlighting its commitment to lifelong learning.
Recent Achievements and Financial Condition
For the first half of fiscal year 2024, Four Seasons Education reported a substantial revenue increase of 347.5%, climbing to RMB61.8 million (US$8.5 million) from RMB13.8 million in the previous year. This growth was primarily driven by the company's expanding tourism and non-academic tutoring businesses. Gross profit also saw a significant rise of 650.1%, reaching RMB26.7 million (US$3.7 million), while general and administrative expenses decreased by 10.6%. Further, the company achieved a positive net income of RMB5.7 million (US$0.8 million), reversing a net loss of RMB23.9 million from the previous year.
Strategic Partnerships and Future Projects
A pivotal development for Four Seasons Education is a facility agreement with China Merchants Bank Co., Ltd. Singapore Branch, securing an uncommitted credit facility of up to RMB110 million. This credit facility will back a domestic fixed assets loan aimed at constructing the Wuyuan Siji Gongda Integrated Practical Study Camp Project.
Innovative Services and Market Expansion
The company continues to innovate within its educational offerings, integrating unique non-academic tutoring programs and themed enrichment learning trips. Its recent initiatives include developing overseas learning preparation and consulting services to provide a more comprehensive educational experience for students and communities. Moreover, Four Seasons Education remains committed to enhancing shareholder value by diversifying its customer base and investing in core capabilities.
For the latest updates and more information, please visit the investor relations website.
Four Seasons Education (NYSE: FEDU), a Chinese tourism and education-related service provider, has announced a cash dividend of US$0.23 per ordinary share or US$2.30 per American Depositary Share (ADS). The dividend will be paid around September 12, 2024, to shareholders of record as of August 31, 2024, at 4:00 p.m. Eastern Time. This decision, made by the company's Board of Directors, signals confidence in Four Seasons Education's financial health and commitment to shareholder returns. The announcement may positively impact investor sentiment and potentially influence the stock's performance in the short term.
Four Seasons Education (NYSE: FEDU), a tourism and education service provider in China, announced the filing of its annual report on Form 20-F for the fiscal year ending February 29, 2024, with the SEC. The report includes audited consolidated financial statements and is available on both the company's investor relations website and the SEC's website.
Shareholders and ADS holders can request a hard copy of the report free of charge by contacting IR@fsesa.com.
Four Seasons Education (Cayman) Inc. (NYSE: FEDU) has filed its annual report on Form 20-F for the fiscal year ending February 28, 2022, with the SEC on June 30, 2022. The report includes the Company’s audited consolidated financial statements, which are available on the Company’s investor relations website and the SEC's site. Shareholders can request a free hard copy of the annual report. The Company focuses on providing smart learning solutions and enrichment activities in China, aiming to enhance learners' potential through innovative educational products and services.
Four Seasons Education (Cayman) Inc. (NYSE: FEDU) announced a change in its American depositary share (ADS) ratio, converting from two ADSs representing one ordinary share to one ADS representing ten ordinary shares. This change will have the effect of a one-for-twenty reverse split, aimed at increasing the ADS trading price to comply with NYSE requirements. The adjustment takes effect around June 21, 2022. Existing ADS holders must surrender their current ADSs for the new ratio, with no fractional new ADSs issued. This is intended to enhance trading price compliance.
Four Seasons Education (Cayman) Inc. (NYSE: FEDU) received a letter from the NYSE on January 6, 2022, indicating non-compliance due to the trading price of its American depositary shares (ADSs) falling below $1.00 for 30 consecutive trading days. The company has six months to regain compliance by ensuring the share price meets the standard. If not, delisting procedures will commence. Four Seasons Education is monitoring market conditions and considering options to address this compliance issue.
Four Seasons Education (Cayman) Inc. (NYSE: FEDU) announced significant changes following regulatory updates on after-school tutoring services in China. The company will cease K-9 Academic AST Services by year-end 2021, which is expected to severely impact revenues for the fiscal year ending February 28, 2022. Given that a majority of its revenues stem from these services, the cessation is a major business shift. However, Four Seasons Education aims to focus on non-K-9 services and will work closely with authorities to ensure compliance with the new regulations.
Four Seasons Education (Cayman) Inc. (NYSE: FEDU) announced the appointment of Marcum Bernstein & Pinchuk LLP as its new independent registered public accounting firm for the fiscal year ending February 28, 2022. This decision follows the mutual termination of Deloitte Touche Tohmatsu CPA LLP's services, effective immediately. The Board of Directors approved the change, emphasizing a smooth transition. Deloitte had served since 2017 and had no adverse opinions in their reports. However, a material weakness was noted in the company's Form 20-F filed on July 2, 2021.
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