YQ Latest Report

Financial Performance

Together Education Technology's operating revenue totaled RMB365.93 million as of December 31, 2024, a 23.00% YoY decrease from RMB473.46 million in 2023. This significant decline may indicate the company is facing numerous challenges in revenue generation, possibly due to weakened market demand, increased competition, or declining operational efficiency. Overall, the education technology industry has experienced rapid development, but some companies are facing the impact of market share competition and changes brought about by the industry's transformation.

Key Financial Data

1. A 23.00% YoY decrease in operating revenue indicates a possible weakening of market demand.

2. Operating efficiency may be affected by rising production costs or management issues.

3. Intensified competition within the industry and other companies' strong revenue growth.

4. Changes in policies and market environments may affect the overall industry trend.

Peer Comparison

1. Industry-wide analysis: The overall operating revenue of the education technology industry generally shows a growth trend, especially in the demand for vocational education and personalized education. However, the intensified competition and policy changes have led to a greater fluctuation in the revenue of some companies, indicating that market saturation is gradually emerging within the industry.

2. Peer evaluation analysis: Compared with other companies in the same industry, Together Education Technology's operating revenue has decreased significantly, while competitors such as Funpen Technology and Sunlands Technology have also faced revenue declines but overall performance remains relatively stable, indicating that Together Education Technology may be at a disadvantage in the competition.

Summary

Overall, Together Education Technology's operating revenue has decreased significantly, reflecting its challenges in the market competition. The decline in product and service competitiveness, changes in market demand, and the intensity of industry competition are all important factors affecting its revenue. Although the industry as a whole is positive, the company must reassess its strategies and operational efficiency in the current situation.

Opportunities

1. The continued growth of new products such as SaaS products launched by Together Education Technology in the third quarter of 2024 indicates an improved market acceptance, which may lead to revenue growth in the future.

2. The rising demand for vocational education and personalized education within the industry can provide new growth opportunities for the company.

3. The promotion of education digital transformation by new policies offers new development opportunities for education technology companies.

Risks

1. The significant decline in the company's operating revenue may reflect intensified competition, requiring caution against further customer loss.

2. Declining operating efficiency may lead to ongoing revenue pressure, requiring attention to the improvement of production costs and management efficiency.

3. Changes in industry policies may bring uncertainty, and the company needs to adapt to the new market environment to avoid potential negative impacts.