offcn

A multi-category vocational education institution.

Launch date

Feb 2010

Employees

Market cap

Enterprise valuation

€1.6b (Public information from Sep 2024)

Beijing China (HQ)

http://offcn.com

https://www.linkedin.com/company/%E5%8C%97%E4%BA%AC%E4%B8%AD%E5%85%AC%E6%95%99%E8%82%B2%E7%A7%91%E6%8A%80%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8

Revenues, earnings & profits over time

CNY	2020	2021	2022	2023	2024	2025	2026
Revenues	11.2b	6.9b	4.8b	3.1b	3.7b	4.3b	4.8b
% growth	22 %	(38 %)	(30 %)	(36 %)	19 %	16 %	14 %
EBITDA	2.9b	(1.8b)	(533m)	646m	961m	1.2b	1.3b
% EBITDA margin	26 %	(26 %)	(11 %)	21 %	26 %	27 %	27 %
Profit	2.3b	(2.4b)	(1.1b)	(209m)	519m	707m	858m
% profit margin	21 %	(34 %)	(23 %)	(7 %)	14 %	17 %	18 %
EV / revenue	19.1x	7.3x	5.8x	8.4x	3.3x	2.7x	2.3x
EV / EBITDA	73.3x	-27.9x	-52.9x	40.0x	12.6x	10.0x	8.3x
R&D budget	1.1b	901m	592m	282m	-	-	-
R&D % of revenue	9 %	13 %	12 %	9 %	-	-	-

Date	Investors	Amount	Round
Aug 2011	N/A	N/A	IPO
Aug 2015	N/A	CNY3.0m	Post IPO Equity
Apr 2018	Longmen Education	CNY3.0m	Post IPO Equity
Total Funding		-

Tech stackLearn more about the technologies and tools that this company uses.

Zhongguancun Xingye