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Revenues and Deferred Revenue (Tables)
12 Months Ended
Dec. 31, 2023
Disaggregation of Revenue [Abstract]  
Schedule of Disaggregation of Revenue disaggregated revenues by types were as follows:

 

 

 

Years ended December 31,

 

 

 

2021

2022

2023

 

 

 

RMB

 

 

RMB

 

 

RMB

 

 Disaggregation of revenues

 

 

 

 

 

 

 

 

 

 Revenue by types:

 

 

 

 

 

 

 

 

 

 Gross revenues:

 

 

 

 

 

 

 

 

 

    Interest, professional skills and
     professional certification preparation courses

 

 

794,700

 

 

 

1,115,542

 

 

 

1,452,563

 

    Degree- or diploma-oriented post-secondary courses

 

 

1,636,256

 

 

 

1,087,413

 

 

 

535,061

 

 Subtotal Online educational courses

 

 

2,430,956

 

 

 

2,202,955

 

 

 

1,987,624

 

 Others

 

 

79,444

 

 

 

125,863

 

 

 

176,014

 

 Total revenues

 

 

2,510,400

 

 

 

2,328,818

 

 

 

2,163,638

 

 Less: VAT related surcharges

 

 

(2,583

)

 

 

(5,717

)

 

 

(4,054

)

 Total net revenues

 

 

2,507,817

 

 

 

2,323,101

 

 

 

2,159,584

 

 

Schedule of Movements of the Deferred Revenue

The movements of the deferred revenue for the years ended December 31, 2022 and 2023 were as follows (1):

 

 

 

As of December 31,

 

 

 

2022

 

 

2023

 

 

 

RMB

 

 

RMB

 

 Beginning balance (current and non-current)

 

 

2,348,179

 

 

 

1,690,946

 

 Additions

 

 

1,606,642

 

 

 

1,468,899

 

 Deductions

 

 

(2,263,875

)

 

 

(2,045,922

)

 Ending balance (current and non-current)

 

 

1,690,946

 

 

 

1,113,923

 

 Deferred revenue, current

 

 

986,086

 

 

 

553,812

 

 Deferred revenue, non-current

 

 

704,860

 

 

 

560,111

 

 

(1)
Amounts presented are inclusive of VAT (see VAT in Note 2).