Hay Education lost 823,300 yuan in 2020 The scale of business has shrunk

On April 14, Haiyi Education (834782) recently released its 2020 annual report, and the company achieved operating income of 1,179,970.04 yuan during the reporting period, a year-on-year decline of 59.91%; the net profit attributable to the shareholders of the listed company was -823,320.97 yuan, from profit to loss over the same period last year.

Net cash flow from operating activities during the reporting period was -735,884.95 yuan, and net assets attributable to shareholders of listed companies as of the end of 2020 were 760,461.15 yuan.

During the reporting period, the operating income was 1,179,970.04 yuan, down 59.91% year-on-year, mainly due to the significant decline in revenue due to the inability to carry out offline education and training due to the impact of the new crown epidemic in the first half of the year; the operating cost was 593,470.79 yuan, a decrease of 266,735.81 yuan over the same period of the previous year, mainly due to the fact that the cost composition of the education service industry to which the company belongs is mainly the cost of teaching materials, and the size of the cost is positively correlated with the scale of the business, with the reduction of the scale of the business and the reduction of revenue. This results in a corresponding reduction in costs. Finance expenses for the period were RMB6,143.61, compared to RMB8,159.52 for the same period last year, down 24.71% year-on-year.

According to the data of the digging shell network, Hay Education is in the extracurricular training industry of primary and secondary schools, which is a service enterprise specializing in extracurricular training and education in primary school composition and calligraphy.

This article originated from the digging shell network