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Revenues and Deferred Revenue (Tables)
12 Months Ended
Dec. 31, 2018
Disaggregation Of Revenue [Abstract]  
Schedule of Disaggregation of Revenue disaggregated revenues by types and models were as follows:

 

 

For the years ended December 31,

 

 

 

2016

 

 

2017

 

 

2018

 

 

 

RMB

 

 

RMB

 

 

RMB

 

Disaggregation of revenues

 

 

 

 

 

 

 

 

 

 

 

 

Revenue by types:

 

 

 

 

 

 

 

 

 

 

 

 

Gross revenues:

 

 

 

 

 

 

 

 

 

 

 

 

   Degree- or diploma-oriented post-secondary courses

 

 

296,269

 

 

 

822,832

 

 

 

1,814,178

 

   Professional certification preparation and

professional skills courses

 

 

122,005

 

 

 

145,840

 

 

 

161,366

 

Subtotal Online educational courses

 

 

418,274

 

 

 

968,672

 

 

 

1,975,544

 

Commissions

 

 

4,528

 

 

 

4,105

 

 

 

6,374

 

Others

 

 

1,284

 

 

 

1,901

 

 

 

587

 

Total revenues

 

 

424,086

 

 

 

974,678

 

 

 

1,982,505

 

Less: sales tax and surcharges

 

 

(5,176

)

 

 

(4,516

)

 

 

(8,520

)

Total net revenues

 

 

418,910

 

 

 

970,162

 

 

 

1,973,985

 

Revenue by models:

 

 

 

 

 

 

 

 

 

 

 

 

Gross revenues:

 

 

 

 

 

 

 

 

 

 

 

 

   Refundable

 

 

79,541

 

 

 

126,277

 

 

 

85,630

 

   Non-refundable

 

 

338,733

 

 

 

842,395

 

 

 

1,889,914

 

Subtotal Online educational courses

 

 

418,274

 

 

 

968,672

 

 

 

1,975,544

 

Commissions

 

 

4,528

 

 

 

4,105

 

 

 

6,374

 

Others

 

 

1,284

 

 

 

1,901

 

 

 

587

 

Total revenues

 

 

424,086

 

 

 

974,678

 

 

 

1,982,505

 

Less: sales tax and surcharges

 

 

(5,176

)

 

 

(4,516

)

 

 

(8,520

)

Total net revenues

 

 

418,910

 

 

 

970,162

 

 

 

1,973,985

 

 

Schedule of Movements of the Deferred Revenue

The movements of the deferred revenue for the years ended December 31, 2017 and 2018 were as follows (1):

 

 

 

As of December 31,

 

 

 

2017

 

 

2018

 

 

 

RMB

 

 

RMB

 

Beginning balance (current and noncurrent)

 

 

727,569

 

 

 

2,110,428

 

Additions

 

 

2,381,755

 

 

 

3,214,400

 

Deductions

 

 

(998,896

)

 

 

(2,038,803

)

Ending balance (current and noncurrent)

 

 

2,110,428

 

 

 

3,286,025

 

Deferred revenue, current

 

 

1,325,954

 

 

 

1,765,085

 

Deferred revenue, non-current

 

 

784,474

 

 

 

1,520,940

 

 

 

(1)

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