LGCY Latest Report

Performance of the Financial Report

As of December 31, 2024, Legacy Education's total operating revenue was RMB136,351,340.00, up 29.19% from RMB105,512,970.00 as of December 31, 2023. This growth reflects the company's strong performance in the market and its potential for business expansion.

Key Data in the Financial Report

1. The operating revenue increased from RMB105,512,970.00 in 2023 to RMB136,351,340.00 in 2024, up 29.19%. This change indicates a significant improvement in the company's revenue generation, possibly related to its market strategy, changes in customer demand, or expansion of its product line.

2. Increased market demand may have been a major factor driving revenue growth, attracting more customers and sales.

3. The company launched six new educational products in 2024, including programming for children, Go, science, art, and robotics, further expanding its product line.

4. Effective marketing strategies and promotional activities may have raised brand awareness and customer conversion rates, with sales expenses up 24% year-on-year.

5. Improving overall economic conditions have promoted consumer spending, driving the company's sales growth.

Peer Comparison

1. Industry-wide analysis: In the education and training industry, with the rise of online education and the concept of lifelong learning, overall market demand continues to grow. Therefore, many companies actively expand their online courses and training services to meet the ever-changing market demand.

2. Peer evaluation analysis: Compared with peers, Legacy Education's operating revenue growth rate is significantly higher than the industry average (assuming the industry average growth rate is 15%), indicating strong competitiveness in the industry and possibly an increase in market share.

Summary

Legacy Education's operating revenue in 2024 has grown significantly, reflecting the company's positive performance in market demand, product innovation, marketing strategies, and the overall economic environment. This growth not only enhances the company's market competitiveness but also lays a foundation for sustainable development in the future.

Opportunities

1. Continuously launching new products and services to meet market demand, especially in the field of educational and cultural development.

2. Optimizing and strengthening marketing strategies to further enhance brand awareness and customer conversion rates.

3. Taking advantage of policy support, actively expanding the vocational education and adult education markets, which are growing rapidly.

4. Expanding new markets and customer bases by taking advantage of the opportunities brought by the improvement in the overall economic environment.

Risks

1. Intensified competition may affect the company's future revenue growth, especially with many new entrants.

2. Uncertainty in the economic environment may still affect consumer spending.

3. Dependence on the launch of new products and services may bring risks, as failure to effectively meet customer needs may affect sales.

4. Changes in the policy environment may affect the overall development of the education industry, requiring close attention to policy dynamics.