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TAL Education Group (ADR) (N:TAL)

Business Focus: N/A

Sector:  N/A Industry:  N/A
 
Company Contact
Address: 32 Zhongguancun Ave
Haidian District, 18/F, Hesheng Bldg,
BEIJING BEJ 100080
Tel: 86-10-52926658
Website: https://en.100tal.com
IR: See website
Key People
Bangxin Zhang
Chairman of the Board, Chief Executive Officer
Alex Zhuangzhuang
President, Chief Financial Officer
Yachao Liu
Chief Operating Officer
Mi Tian
Chief Technology Officer
   
Business Overview
TAL Education Group is a holding company for a group of companies engaged in provision of after-school tutoring programs for primary and secondary school students in the People's Republic of China (the PRC). The Company mainly offer tutoring services to kindergarten through twelfth grade (K-12) students covering core academic subjects, including among others, mathematics, physics, chemistry, biology, history, geography, political science, English and Chinese. It also provides consulting services for overseas studies and preparation courses for major standardized tests, as well as operate several online community platforms including www.jzb.com (together with the Jiazhang Bang application (app)) and www.mmbang.com (together with the Mama Bang app). The Company's main brands are Xueersi, Mobby, Firstleap, Izhikang and Shunshun Liuxue. The Company mainly operates its businesses in Mainland China and Hong Kong.
Financial Overview
For the nine months ended 30 November 2023, TAL Education Group (ADR) revenues increased 41% to $1.06B. Net loss decreased 68% to $31.1M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Other (expense)/income increase from $84.5M (expense) to $11.5M (income), Interest income increase of 54% to $64M (income).