Summary of Selected Financial Information Relating to Group's Segments |
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For the year ended December 31, 2022:
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Other educational services |
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Net revenues |
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181,833,076 |
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24,657,609 |
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330,189 |
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206,820,874 |
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Operating cost and expenses: |
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Cost of revenues |
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92,389,567 |
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11,552,359 |
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373,930 |
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104,315,856 |
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Research and development |
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5,903,055 |
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— |
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887,736 |
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6,790,791 |
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Selling and marketing |
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69,398,473 |
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5,736,053 |
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131,200 |
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75,265,726 |
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Unallocated corporate expenses* |
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77,051,580 |
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Total operating cost and expenses |
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Other operating income, net |
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16,515 |
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16,515 |
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Income (Loss) from operations |
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)
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)
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Unallocated other income, net |
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2,070,949 |
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)
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For the year ended December 31, 2021:
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Other educational services |
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Net revenues |
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181,035,267 |
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21,174,198 |
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— |
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202,209,465 |
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Operating cost and expenses: |
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Cost of revenues |
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81,964,815 |
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14,154,713 |
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1,294,387 |
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97,413,915 |
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Research and development |
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4,176,398 |
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3,148,402 |
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4,476,745 |
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11,801,545 |
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Selling and marketing |
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60,436,932 |
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5,598,532 |
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113,996 |
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66,149,460 |
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Unallocated corporate expenses* |
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— |
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— |
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— |
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93,256,046 |
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Total operating cost and expenses |
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Other operating income, net |
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— |
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— |
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22,018 |
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22,018 |
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Income (Loss) from operations |
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Unallocated other income, net |
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28,439,789 |
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For the year ended December 31, 2020:
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Other educational services |
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Net revenues |
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138,703,946 |
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20,025,679 |
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3,437,922 |
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162,167,547 |
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Operating cost and expenses: |
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Cost of revenues |
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83,972,820 |
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9,954,371 |
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4,593,836 |
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98,521,027 |
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Research and development |
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1,834,597 |
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150,622 |
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6,847,269 |
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8,832,488 |
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Selling and marketing |
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49,804,055 |
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3,266,430 |
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429,566 |
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53,500,051 |
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Unallocated corporate expenses* |
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— |
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— |
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— |
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100,097,849 |
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Impairment loss of intangible assets and other non-current assets |
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— |
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— |
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3,120,425 |
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3,120,425 |
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Provision for loan receivable and other receivables |
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— |
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— |
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5,904,305 |
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5,904,305 |
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Total operating cost and expenses |
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Other operating income, net |
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167,016 |
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94,340 |
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68,868 |
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330,224 |
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Income (Loss) from operations |
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Unallocated other loss, net |
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(3,375,210 |
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* |
Unallocated corporate expenses represent the general and administrative expenses for the years ended December 31, 2020, 2021 and 2022. |
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