Tarena Renewal in FY 2021: Full-Year Net Revenue Up 25.7%, Q4 Positive Cash Flow 130 Million
On March 16, Tarena International (TEDU) announced its unaudited financial results for Q4 and the full year of 2021. The company achieved a net turnover of RMB655 million in Q4, up 0.8% year-on-year, and an annual revenue of RMB2,387 million, a 25.7% increase. The gross profit reached RMB1,185 million, up 42.6%, marking a record since its listing. Operating loss improved significantly, down 54.2% to RMB369 million for the year. Optimizations in operational efficiency saw revenue per learning center increase notably. Tarena aims to return to profitability by enhancing operational productivity.
- Q4 net turnover up 0.8% to RMB655 million.
- Annual revenue reached RMB2,387 million, up 25.7%, a record since listing.
- Gross profit increased by 42.6% to RMB1,185 million, exceeding previous records.
- Operating loss reduced by 54.2% from RMB806 million in 2020 to RMB369 million.
- Increased productivity per learning center, with adult education revenue up 16.1% year-on-year.
- None.
According to the financial data, the net turnover of Tarena in the fourth quarter of 2021 was
Q4 Operating Cash Flow Reaching
In the fourth quarter of 2021, Tarena's cash receipts reached a quarterly high during the year, which brought our operating cash flow in the fourth quarter to approximately
Looking back at the whole year of 2021, the two major business segments of Tarena, adult professional education and childhood & adolescent quality education, have achieved growth. Among them, the adult professional education business achieved annual revenue of
Both Annual Net Revenue of
According to the financial data, the rapid growth of the revenue of Tarena's childhood & adolescent quality education business in 2021 has brought a year-on-year increase in gross profit of
This helped the gross profit of Tarena reach
At the same time, the net revenue of
Annual Operating Loss Down
In 2021, with growth in both revenue and gross profit, Tarena's continuous effective control of costs and expenses is also reaping results.
Tarena's operating loss in the fourth quarter fell to
For 2021, Tarena's operating loss fell from
Optimizing Operational Efficiency to
Through continuous optimization of operational efficiency and organizational structure, Tarena's production capacity per single learning center and per employee for both adult professional education and childhood & adolescent quality education in 2021 have been improved.
Among them, the annual revenue of the adult professional education per single learning center was about
The increase in production capacity is not only single-center revenue, On the financial report telephone conference, Tarena's CEO SUN Ying said that the company's total number of headcounts fell by
At the same time, post-tutoring students' satisfaction continues to rise. In the fourth quarter of 2021, the employment rate of trainees from Tarena's adult professional education six months upon graduation remained above
"Looking back on 2021, our abilities to develop and deliver products based on the Online-Merge-Offline (OMO) model, strong offline learning centers operation capabilities and customer acquisition capabilities have continued to enhance our core competitive advantages," said SUN Ying. "Meanwhile, our measures to optimize business structure and uplift operational efficiency enabled us to cope with the negative impacts arising from the sporadic occurrence of COVID-19 cases."
SUN Ying said that, looking ahead, Tarena will continue to uplift operational efficiency, improve profitability by increasing productivity per single learning center, rather than depending on newly opened centers as a driving force for revenue growth, and achieve the goal of "turn from net loss to net profit" as soon as possible.
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