Most of the Golden Sun's revenue comes from its tutorial centers and minority of revenue comes from its primary and secondary schools.
Management seeks to expand its non-English foreign language offerings through its partner schools, of which there were 41 located in seven provinces.
The Selling efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Selling spend, was negative (1.5x) in the most recent reporting period.
According to a marketresearch reportby DBS Vickers Securities, it forecasted overall education spending market in China to grow by a CAGR 6.7% ‘in the foreseeable future due to multiple drivers:’
End of the one-child policy will increase student number growth
Rising income to support continued increase in household spending
Increased parent willingness to pay for education
The group expects the total market value for education and training to reach $474 billion by 2025, with the K-12 sector accounting for most of the demand.
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