On the afternoon of January 21, released the third quarter financial report of fiscal year 2021. The financial report shows that good future 's total revenue is 1.12 billion US dollars, 862 million US dollars in the same period last year, the market is expected to 1.09 billion US dollars; operating loss is 127.4 million US dollars, operating profit in the same period last year is 69.4 million US dollars; net loss attributable to the company For the same period last year, the company’s net profit was US$19.6 million; non-US accounting standard net profit (excluding equity incentive expenses) was US$10.4 million, and the non-US accounting standard net profit attributable to the company in the same period last year was 49.7 million Dollar.
In addition, the total number of students (long-term regular courses) increased from approximately 2,318,000 in the same period last year to approximately 3,397,030 in this quarter, an increase of 46.5% year-on-year. In the first three quarters of fiscal 2021, the quarterly average number of students (long-term regular courses) increased from approximately 2,483,100 in the same period last year to approximately 3,995,210, an increase of 60.9% year-on-year.
For online education, 2020 is an important year. On December 28, 2020, announced that it has reached a private placement agreement of US$3.3 billion with Silver Lake and others, of which US$2.3 billion is convertible bonds and US$1 billion is newly issued Class A common stock.
But compared to other competitors, has a good future obviously lacks stamina. The CFO of disclosed in the 2020 Q3 earnings conference call that, after deducting brand promotion costs, the ROI level of traffic placement during the recruitment process of is around 1.3. Shen Nan emphasized, " According to information from various channels, the overall level of ROI is significantly ahead of the industry.”
While the input-output ratio of has declined: in the second quarter of fiscal 2021, 's marketing and marketing expenses remain high Reached 379 million US dollars,A year-on-year increase of 44.3%, and its net income of US$1.1033 billion, a year-on-year increase of 20.8%, far lower than the increase in marketing expenses. (Text | AI Finance and Economics Zhang Ruixin)
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