Bright Scholar Education Holdings Ltd
ir.brightscholar.comNo Longer Reporting
The company has not filed an annual or quarterly report since its FY2024 20-F, filed Dec 13, 2024. Its latest SEC filing is a SCHEDULE 13G/A from Jan 27, 2026.
20-F for FY2024, filed Dec 13, 2024
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Operates overseas schools and provides camp, after-school and study-abroad consulting services to students.
20-F for FY2024, filed Dec 13, 2024
How Did They Make Money?
Students and families pay tuition, boarding and meal fees, plus fees for tutoring, camps and study-abroad consulting. Schools and course providers generally collect fees in advance; tutoring and consulting fees cover service periods, camp fees cover the camp, and referral commissions are earned when a referred student enrolls and pays tuition.
20-F for FY2024, filed Dec 13, 2024The educational programs and services from continuing operations consist of tuition, boarding and meal service from overseas schools in the…View ↗
The Group offers various types of after-school tutoring services and art training services, which primarily consist of after-school group…View ↗
The Group earns commission revenue by providing referral services to overseas education universities and institutions. Students’ referral…View ↗
The Group offers study abroad consulting to students who intend to study abroad. Study-abroad consulting services are accounted for as a…View ↗
The Group offers camp services for students during school vacations. Camp service is accounted for as a single performance obligation. Camp…View ↗
CNY 1.8B
-
20-F for FY2024, filed Dec 13, 2024
CNY 1.8B ↗
| Segment | Share | Revenue |
|---|---|---|
|
Tuition income from education programs
|
29%
FY2021: 24%
|
Tuition income from education programs, FY2024
CNY 515.4M Sources
|
|
Tuition income from complementary training courses
|
7.6%
FY2021: 16%
|
Tuition income from complementary training courses, FY2024
CNY 133.7M Sources
|
|
Meal income from education service
|
20%
FY2021: 18%
|
Meal income from education service, FY2024
CNY 356.4M Sources
|
|
Boarding income from education service
|
14%
FY2021: 6.3%
|
Boarding income from education service, FY2024
CNY 254M Sources
|
|
Commission income
|
16%
FY2021: 8.5%
|
Commission income, FY2024
CNY 274.3M Sources
|
|
Consulting service income
|
3.5%
FY2021: 8.1%
|
Consulting service income, FY2024
CNY 61.3M Sources
|
|
Operation service income
|
1.6% |
Operation service income, FY2024
CNY 28.3M Sources
|
|
Camp service income
|
0.6%
FY2021: 2.1%
|
Camp service income, FY2024
CNY 9.9M Sources
|
|
Other revenues
|
7.1%
FY2021: 16%
|
Other revenues, FY2024
CNY 124.6M Sources
|
Who Were Their Customers?
Students and families buy overseas schooling and complementary programs; overseas schools recruit through education agencies, while referrals from students and families also bring in prospective students.
20-F for FY2024, filed Dec 13, 2024Our continuing business primarily includes overseas schools and complementary education services. As a global premier education service…View ↗
Our overseas schools depend on advertisements on related websites such as university targeted websites, generic campaigns on platforms such…View ↗
Referrals. Word-of-mouth referrals by former and current students and their families have been a significant source of our student…View ↗
Did Revenues Turn Into Profits?
Not on paper. It lost CNY 1B in FY2024, but brought in more cash than it spent: CNY 80.9M of free cash flow.
20-F for FY2024, filed Dec 13, 2024
−CNY 820.4MView ↗
20-F for FY2024, filed Dec 13, 2024
−CNY 1BView ↗
20-F for FY2024, filed Dec 13, 2024
CNY 80.9MView ↗
How Were They Changing?
Grew. Revenue grew 19% in 4 years, from CNY 1.5B in FY2020 to CNY 1.8B in FY2024, about 4% a year.
Domestic schools
The older report included domestic kindergartens and school operations in its continuing business; the latest describes continuing operations as overseas schools and complementary education services.
20-F for FY2021, filed Jan 18, 2022 20-F for FY2024, filed Dec 13, 2024Our continued business includes domestic kindergartens and K-12 operation services, overseas schools and complementary education services.…View ↗
Our continuing business primarily includes overseas schools and complementary education services. As a global premier education service…View ↗
Language schools narrowed geographically
The older report described language training institutions across the United Kingdom, the United States and Canada; the latest describes the remaining institutions as in the United Kingdom.
20-F for FY2021, filed Jan 18, 2022 20-F for FY2024, filed Dec 13, 2024In July 2019, we acquired CATS, which operates five overseas schools and ten language training institutions across the United Kingdom, the…View ↗
Who Did They Compete With?
Competes with Nord Anglia and Alpha Plus
20-F for FY2024, filed Dec 13, 2024The education service market is rapidly evolving, highly fragmented and competitive. We may compete with enrichment education service…View ↗
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