Four Seasons Education

Four Seasons Education provides a variety of learning and tourism services in China. The company initially focused on math education for elementary school students in Shanghai and has since expanded its offerings. In addition to courses aimed at improving academic performance, Four Seasons Education introduced study camps and learning trips, integrating education with travel. Following regulatory policies enacted in 2021, Four Seasons Education ceased offering K-9 Academic After-School Tutoring (AST) Services in mainland China at the end of that year. The company has since refocused its business on enrichment learning services, tourism services, and learning technology and content solutions. It hosts study camps, learning trips, and interest-oriented classes, while continuing to integrate technology with learning. In the 2026 fiscal year, Four Seasons Education generated revenue of RMB254.4 million (US$37.1 million), an increase from RMB251.1 million in the 2025 fiscal year and RMB125.4 million in the 2024 fiscal year. The company recorded a net income of RMB29.1 million (US$4.2 million) in the 2026 fiscal year, compared with a net loss of RMB0.6 million in the 2025 fiscal year and a net income of RMB2.8 million in the 2024 fiscal year. Adjusted net income, which excludes share-based compensation expenses, unrealized holding gain in investments, and impairment loss on long-lived assets (net of tax effect), was RMB28.3 million (US$4.1 million) in the 2026 fiscal year, compared with RMB2.4 million in the 2025 fiscal year and RMB5.7 million in the 2024 fiscal year.