Core Insights - The company, Fenbi, reported a revenue of 2.7898 billion yuan for the year ending December 31, 2024, a decrease of 7.7% compared to 2023 [1] - The annual profit for Fenbi was 239.6 million yuan, an increase of 27.0% year-on-year [1] - Adjusted net profit was 363 million yuan, down from 445 million yuan in 2023 [1] Revenue Breakdown - Training services generated revenue of 2.3408 billion yuan, accounting for 83.9% of total revenue, down from 2.5145 billion yuan in the previous year [1] - The decline in training service revenue was attributed to intensified competition in the examination training industry and the impact of individual teachers on social media platforms [1] - The number of paid participants in large class training courses dropped from 1.2 million to 900,000, a decrease of approximately 30% [1] Book Sales and Costs - Book sales revenue was 449 million yuan, contributing 16.1% to total revenue, down from 506.8 million yuan in the previous year [2] - The decline in book sales was primarily due to changes in teacher qualification exam policies and scheduling overlaps with civil service exams [2] - The cost of revenue decreased from 1.451 billion yuan in 2023 to 1.326 billion yuan in 2024, a reduction of 8.7% [2] AI Development - Fenbi is focusing on AI development, with products like "Fenbi Head" and one-on-one interview evaluation systems being introduced [2] - The company plans to launch an "AI Question Practice System Class" in March 2025 and will increase investments in products, technology, and computing power [2]
粉笔2024年营收为27.898亿元，同比减少7.7%