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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,
Tel: 86-10-52926658
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 (together with the Jiazhang Bang application (app)) and (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 three months ended 31 May 2023, TAL Education Group (ADR) revenues increased 23% to $275.4M. Net loss increased 3% to $45M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Selling and marketing - other increase of 74% to $90.2M (expense), Income/(loss) from equity method investm decrease from $1.5M (earnings) to $71K (losses).