2020 “Yinhua Fund Cup” Sina bank financial planner competition, hot registration. From now on to September 7, you will receive free gift packages worth more than 700 yuan from Guan Qingyou, Luo Yuanshang and Chen Kaifeng. < / P > < p > 2020 is a special year for Danet. In April, he disclosed that he had falsely increased his income by 630 million yuan over the years. In May, he was exposed that the person in charge of Zhongguancun campus, the accounting center, found someone to brush the bills in person. In addition, the company reorganized its management in the first half of the year, introducing new CFO and CEO respectively. The original founder left the post of CEO and continued to serve as the chairman. The semi annual report in 2020 is the first “examination paper” handed over by the company after management restructuring. On the whole, due to the impact of the epidemic on the offline business of Danei technology, the company’s revenue declined and the loss remained unchanged. However, the initiative to close learning centers with poor performance and the high growth of K-12 education business may be a glimmer in the “gloomy” newspaper. As for whether the goal of recovering profits as soon as the management wants, it remains to be observed. < p > < p > < p > Danet announced its unaudited results for the first half of fiscal year 2020 on August 12. In the first half of 2020, Danai technology realized a business income of 627 million yuan, a year-on-year decrease of 28.98%; net profit of – 613 million yuan, a year-on-year increase of 2%, and a year-on-year increase of – 625 million yuan in the same period of 2019; the net profit attributable to the parent company was – 609 million yuan, which was – 624 million yuan in the same period of 2019. < p > < p > from the perspective of profitability, the company’s gross profit rate and net interest rate have declined. The gross profit rate decreased from 35.44% in the same period of 2019 to 19.51%, with a year-on-year decrease of 15.93%; the net interest rate decreased from – 70.83% in the same period of 2019 to – 97.73%. According to Daney technology, the main reason for the decline in gross profit rate is that the proportion of adult education business in total income has decreased, and its gross profit rate is higher than that of K-12 education business. < / P > < p > on the other hand, following the positive to negative operating cash flow in 2019, in the first half of 2020, the cash equivalent and fixed deposit (including current and non current) of Danai technology decreased by 33.2%, from 621 million yuan at the end of 2019 to 414 million yuan. This is mainly due to the net cash flow outflow of 183 million yuan from operating activities. < / P > < p > the epidemic has impacted on the development of Danai’s offline education business. According to the disclosure, from February to May this year, all K-12 education centers of the company were temporarily closed. More than% of the adult education students successfully transferred and adopted the mode of learning at home and live broadcast with double teachers, while the proportion of successful transfer of K-12 education students was more than 60%. < p > < p > Danet technology was known as the first share of it vocational education in China when it was listed in 2014, benefiting from the development of the Internet industry and its large demand for it talents. The operating income of Dane education increased rapidly from 136 million yuan in 2014 to 1.974 billion yuan in 2017, and the net profit increased from 25 million yuan in 2014 to 185 million yuan in 2017. However, with the growing maturity of the Internet industry, companies in the industry have higher and higher requirements for it employees. It is more difficult for adults to change careers through training. This trend has had a negative impact on Darnay’s adult education business. < / P > < p > from 2017 to 2019, the number of adult students registered in Danai was 118600, 116500 and 108800, respectively, showing a continuous downward trend. In the first half of 2020, the total number of adult students registered was 51600, a year-on-year decrease of 18%. < / P > < p > after the management restructuring, the total number of adult education learning centers decreased from 130 as of December 31, 2019 to 108. Daney said at the performance communication meeting that the company has closed 22 adult education centers, 18 of which are in cooperation with universities. Meanwhile, the company has closed 11 children’s education centers. According to different regions and policies, the cost and expenditure of closing educational centers are also different. It takes about 500000 to 800000 yuan to close adult education centers, and 500000 yuan to close children’s education centers. These costs mainly include severance payment, refund of some students, arrears of rent and fine. Compared with the sluggish adult education business, K-12 education business, including children’s programming, intelligent robot programming and programming mathematics, is growing rapidly. The number of students registered in K-12 education business has increased year by year, reaching 10100, 45600, 99200 and 105500 in 2017-2019 and the first half of 2020, respectively, with a year-on-year growth of 80.7% in the first half of 2020. In terms of school centers, the total number of K-12 education and learning centers has increased from the earliest 30 in 2017 to 217 by December 31, 2019, and further increased to 232 in the first half of the year. However, sun Yongji, the new CEO of danay technology, said that the company did not intend to open a new learning center in the second half of the year, and would continue to focus on improving the operation efficiency of the learning center, improving per capita productivity, implementing effective cost and expenditure control, and restoring profitability.