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Segment Information (Tables)
12 Months Ended
Dec. 31, 2019
Segment Information  
Schedule of segment information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the year ended

 

 

 

Dec. 31,

 

Dec. 31,

 

Dec. 31,

 

Dec. 31,

 

 

 

2017

 

2018

 

2019

 

2019

 

 

    

RMB

    

RMB

    

RMB

    

US$

 

Net revenues

 

 

 

  

 

  

 

 

 

One-on-one offerings

 

835,649

 

1,044,769

 

1,365,706

 

196,171

 

Small class offerings

 

12,344

 

100,748

 

112,787

 

16,201

 

Total net revenues

 

847,993

 

1,145,517

 

1,478,493

 

212,372

 

 

 

 

 

 

 

 

 

 

 

Cost of revenues

 

  

 

  

 

  

 

  

 

One-on-one offerings

 

(293,763)

 

(342,927)

 

(386,085)

 

(55,458)

 

Small class offerings

 

(20,358)

 

(67,981)

 

(53,838)

 

(7,733)

 

Total cost of revenues

 

(314,121)

 

(410,908)

 

(439,923)

 

(63,191)

 

 

 

 

 

 

 

 

 

 

 

Gross profit

 

  

 

  

 

  

 

  

 

One-on-one offerings

 

541,886

 

701,842

 

979,621

 

140,713

 

Small class offerings

 

(8,014)

 

32,767

 

58,949

 

8,468

 

Total gross profit

 

533,872

 

734,609

 

1,038,570

 

149,181

 

 

 

 

 

 

 

 

 

 

 

Gross profit margin

 

  

 

  

 

  

 

  

 

One-on-one offerings

 

64.8

%

67.2

%  

71.7

%

71.7

%

Small class offerings

 

(64.9)

%

32.5

%

52.3

%

52.3

%

Total gross profit margin

 

63.0

%

64.1

%  

70.2

%

70.2

%

 

 

 

 

 

 

 

 

 

 

Sales and marketing expenses

 

  

 

  

 

  

 

  

 

One-on-one offerings

 

(619,966)

 

(647,314)

 

(738,010)

 

(106,009)

 

Small class offerings

 

(37,099)

 

(83,919)

 

(54,581)

 

(7,840)

 

Total sales and marketing expenses

 

(657,065)

 

(731,233)

 

(792,591)

 

(113,849)

 

 

 

 

 

 

 

 

 

 

 

Product development expenses

 

  

 

  

 

  

 

  

 

One-on-one offerings

 

(202,129)

 

(139,240)

 

(138,291)

 

(19,864)

 

Small class offerings

 

(21,073)

 

(45,760)

 

(19,214)

 

(2,760)

 

Total product development expenses

 

(223,202)

 

(185,000)

 

(157,505)

 

(22,624)

 

 

 

 

 

 

 

 

 

 

 

General and administrative expenses

 

  

 

  

 

  

 

  

 

One-on-one offerings

 

(213,880)

 

(186,983)

 

(178,606)

 

(25,655)

 

Small class offerings

 

(10,515)

 

(36,074)

 

(17,423)

 

(2,503)

 

Total general and administrative expenses

 

(224,395)

 

(223,057)

 

(196,029)

 

(28,158)

 

 

 

 

 

 

 

 

 

 

 

Operating expenses

 

  

 

  

 

  

 

  

 

One-on-one offerings

 

(1,035,975)

 

(973,537)

 

(1,054,907)

 

(151,528)

 

Small class offerings

 

(68,687)

 

(165,753)

 

(91,218)

 

(13,103)

 

Total operating expenses

 

(1,104,662)

 

(1,139,290)

 

(1,146,125)

 

(164,631)

 

 

 

 

 

 

 

 

 

 

 

Loss from operations

 

  

 

  

 

  

 

  

 

One-on-one offerings

 

(494,089)

 

(271,695)

 

(75,286)

 

(10,815)

 

Small class offerings

 

(76,701)

 

(132,986)

 

(32,269)

 

(4,635)

 

Total loss from operations

 

(570,790)

 

(404,681)

 

(107,555)

 

(15,450)

 

 

Schedule of property and equipment by geographical location

 

 

 

 

 

 

 

 

 

Property and equipment

 

 

As of December 31,

 

    

2018

    

2019

 

 

RMB

 

RMB

China

 

27,103

 

16,446

Philippines

 

8,238

 

3,890