By Neusoft Education Technology Co. Limited is making significant strides in integrating education, healthcare, and wellness, marking a new horizon for high-quality development. The company, known for its innovative approach, has strategically expanded its services to include elderly education and healthcare, leveraging its existing business system. This integrated development aims to enhance the quality of life and education for its users, reflecting Neusoft’s commitment to holistic growth and development.
Strategic Expansion and Financial Performance
In 2024, Neusoft Education strategically expanded its services to include elderly education and healthcare, building on its “One Fundamental Business with Two Strategic Businesses” system. This expansion marks a new strategic stage for the company, focusing on healthcare-wellness integrated development. In the first half of the year, Neusoft Education achieved a revenue of approximately RMB968 million, representing a year-on-year increase of 5.4%. The company’s gross profit also saw a significant rise, reaching approximately RMB511 million, an 11.2% increase from the previous year.
The company’s adjusted net profit for the first half of 2024 was approximately RMB277 million, marking a 1.8% year-on-year increase. This financial performance underscores the success of Neusoft’s strategic initiatives and its ability to adapt to market demands. The company’s focus on digital talent education services and the dual-engine mode of “technology + R&D” has been instrumental in driving growth and innovation.
Neusoft Education’s full-time higher education program, comprising three self-owned universities, has also shown remarkable improvement. The total number of student enrollments reached approximately 57,000, a 7.5% increase compared to 2023. The teaching quality of these institutions has steadily improved, with several programs receiving national and provincial recognition.
Innovations in Education and Technology
Neusoft Education continues to innovate in the field of education and technology, launching several new platforms and services. The company introduced the Metaverse Creation Sharing Platform – OpenNEU, the Comprehensive Innovation Quality Development Platform, and the Intelligent Platform for Educational Quality Monitoring and Evaluation. These platforms are designed to enhance the learning experience and provide students with cutting-edge tools and resources.
The Metaverse Creation Sharing Platform – OpenNEU allows students to engage in creative and collaborative projects in a virtual environment. This platform is part of Neusoft’s broader strategy to integrate technology into education, providing students with unique opportunities to develop their skills and knowledge. The Comprehensive Innovation Quality Development Platform focuses on fostering innovation and creativity, while the Intelligent Platform for Educational Quality Monitoring and Evaluation ensures that educational standards are maintained and continuously improved.
Neusoft’s commitment to leveraging technology in education is evident in its partnerships with various institutions. The company has optimized the cooperation structure for joint establishment of academic majors and collaborated with 54 institutions on the joint establishment of industrial colleges and academic majors. These partnerships cover approximately 20,000 students and involve 224 cooperation projects, reflecting Neusoft’s dedication to providing high-quality education and fostering industry-academia collaboration.
Future Prospects and Challenges
Looking ahead, Neusoft Education plans to leverage its research and development capabilities in “education + technology + healthcare and wellness” to forge a new integrated development paradigm. The company aims to intertwine education, healthcare, wellness, and other key resources to create a holistic and sustainable development model. This integrated approach is expected to enhance the quality of life for users and contribute to the overall well-being of the community.
However, the company also faces several challenges. The competitive landscape in the education and healthcare sectors requires continuous innovation and adaptation. Neusoft must stay ahead of industry trends and ensure that its services meet the evolving needs of its users. Additionally, the company needs to navigate regulatory and operational challenges to maintain its growth momentum and achieve its strategic goals.
Despite these challenges, Neusoft Education remains optimistic about its future prospects. The company’s strategic initiatives and focus on integrated development position it well for sustained growth and success. By continuing to innovate and expand its services, Neusoft aims to set new standards in education, healthcare, and wellness, driving high-quality development and improving the lives of its users.