2012-09-10 06:26:46 - ResearchInChina, the vertical portal for Chinese business intelligence, announces the release of a new report – China Education and Training Industry Report, 2011-2012

China’s education and training market has sustained growth momentum in recent years. In 2012, its market size is expected to reach RMB960 billion, with a CAGR of 12%.

In 2011-2012, venture capital investments in Chinese education industry suffered a slight year-on-year decline. Only one venture capital investment worth USD3.4 million in the industry was disclosed in Q2 2012.

There are a total of 11 education and training enterprises listed in the U.S., of which Global Education & Technology Group Ltd. completed a going-private transaction and delisted from the stock exchange in 2012. China Education Alliance Inc. was forced to delist from New York Stock Exchange and traded on the Pink Sheets. ChinaCast Education Corporation was suspended from trading for delay in

filing its 2011 financial statement. Additionally, Modern Education was listed on HKEx in July 2011. Up to now, there have been 2 Chinese mainland companies going public in Hong Kong.

In terms of industry competition, China’s major education and training companies presented expansion trend in the number of students and learning centers and layout in entry to new cities in 2011. New Oriental Education & Technology Corp. owns 487 learning centers and ranks No. 1 position, and Xueda Education Group, with 295 learning centers, becomes the fastest-expanding enterprise at a growth rate of 43.13%.

New Oriental Education & Technology: In Q4 FY2012, the company’s revenue attained a year-on-year rise of 40.7%, operating income declined 9.4% YoY, and net income was up by 13.6% YoY. In the same period, its enrolled students grew 7.7% to 527,000, with growth rate lower than the annual average level. In FY2012, the growth rate of its revenue from Beijing and Shanghai outfits which have the longest history slowed down to 29%.

Xueda Education Group: In Q1 2012, its revenue rose 32.2% YoY, gross profit slipped 2.3% YoY and operating loss amounted to USD600,000. In Q1, the number of its learning centers grew by 47 to 342, showing a quicker expansion pace compared to the newly-added 22 centers in Q4 2011.

Global Education & Technology Group: In Q3 FY2011, its revenue and net income rose 26.3% and 25.4%, respectively. On November 21, 2011, Pearson announced the acquisition on Global Education at a stated equity value of USD294 million. However, the deal eventually cost Pearson USD155 million in cash, with the balance of the deal offset by GETG holding a cash balance of USD139 million.

For details of this report please visit： www.researchinchina.com/Htmls/Report/2012/6511.html