Meten Holding Group Ltd. provides English language training (ELT) services in the People's Republic of China. It operates through four segments: General Adult English Training, Overseas Training Services, Online English Training, and Junior English Training. The company delivers English language and future skills training for Chinese students and professionals. It offers adult and junior ELT services under the Meten brand name, junior ELT services under the ABC brand name, and online ELT services under the Likeshuo brand name through a digital platform and network of learning centers. As of December 31, 2020, the company had a network of 105 self-operated learning centers covering 28 cities in 15 provinces, autonomous regions, and municipalities, as well as 13 franchised learning centers covering 12 cities in 11 provinces and municipalities. The company was formerly known as Meten EdtechX Education Group Ltd. and changed its name to Meten Holding Group Ltd. in August 2021. Meten Holding Group Ltd. was founded in 2006 and is based in Shenzhen, the People's Republic of China.
IPO Year:
Exchange: NASDAQ
Website: investor.metenedu-edtechx.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/28/2021 | $3.00 | Buy | Aegis Capital |
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BEIJING, Dec. 3, 2021 /PRNewswire/ -- AGM Group Holdings Inc. ("AGMH" or the "Company") (NASDAQ:AGMH), an integrated technology company focusing on providing fintech software services and producing high-performance hardware and computing equipment, today announced its unaudited financial results for the three months ended September 30, 2021. Third Quarter 2021 Operating and Financial Highlights Total computing power sold was 79,200 TH/S, compared with nil in the same period of 2020. Total revenues were $5.34 million, an increase of approximately $5.30 million from $31,261 in the same period of 2020. Gross profit was $0.71 million, an increase of approximately $0.69 million from $21,138 in th
SHENZHEN, China, Nov. 22, 2021 /PRNewswire/ -- Meten Holding Group Ltd. ("Meten Holding Group" or the "Company") (NASDAQ: METX), one of the leading omnichannel English language training ("ELT") service providers in China, today announced its unaudited financial results for the third quarter and the nine months ended September 30, 2021. Q3 2021 9M 2021 RMB (m) YoY (%) RMB (m) YoY (%) Gross billings 133.1 (41.8%) 481.1 (6.4%) Revenues 187.9 (36.9%) 599.2 (10.4%) General adult ELT 40.7 (64.3%) 187.0 (17.7%) Online ELT 76.4 0.3% 208.6 (10.3%) Overseas training services 42.7 (6.0%) 119.6 38.4% Junior ELT 24.8 (58.7%) 73.1 (36.5%) Gross Profit 64.0 (49.1%) 201.0 (7.0%) Gross Profit Margin 34.1% -
SHENZHEN, China, Nov. 10, 2021 /PRNewswire/ -- Meten Holding Group Ltd. ("Meten Holding Group" or the "Company") (NASDAQ: METX), one of the leading omnichannel English language training ("ELT") service providers in China, today announced that it will report its financial results for the third quarter of fiscal year 2021 on Monday, November 22, 2021, before the U.S. markets open. The Company's management will host an earnings conference call at 8:00 am U.S. Eastern Time on November 22, 2021 (5:00 am Pacific Time/9:00 pm Beijing Time) to discuss the financial results. To attend this earnings conference call, please use the information below for dial-in access. Dial-in details for the conferen
SHENZHEN, China, Aug. 18, 2021 /PRNewswire/ -- Meten EdtechX Education Group Ltd. (NASDAQ:METX) ("Meten EdtechX" or the "Company"), one of the leading omnichannel English language training ("ELT") service providers in China, today announced its unaudited financial results for the second quarter and the first half year ended June 30, 2021. Q2 2021 HY 2020 RMB (m) YoY (%) RMB (m) YoY (%) Gross billings 172.6 7.3% 348.0 22.0% Revenues 204.8 8.2% 411.3 10.9% General adult ELT 79.3 38.3% 146.3 29.3% Online ELT 60.9 (23.1%) 132.2 (15.4%) Overseas training services 37.0 97.4% 76.9 87.5% Junior ELT 23.1 (27.1%) 48.3 (12.4%) Junior ELT- under "Meten" brand 21.4 256.3% 39.2 269.3% Junior ELT- under "
SHENZHEN, China, Aug. 11, 2021 /PRNewswire/ -- Meten EdtechX Education Group Ltd. (NASDAQ:METX) ("Meten EdtechX" or the "Company"), one of the leading omnichannel English language training ("ELT") service providers in China, today announced that it will report its second quarter of fiscal year 2021 financial results on Wednesday, August 18, 2021, before the U.S. markets open. The Company's management will host an earnings conference call at 8:00 am U.S. Eastern Time on August 18, 2021 (5:00 am Pacific Time/8:00 pm Beijing Time) to discuss the financial results. To attend this earnings conference call, please use the information below for dial-in access. Dial-in details for the conference cal
SHENZHEN, China, May 20, 2021 (GLOBE NEWSWIRE) -- Meten EdtechX Education Group Ltd. (NASDAQ:METX) ("Meten EdtechX" or the "Company"), one of the leading omnichannel English language training ("ELT") service providers in China, today announced its financial results for the first quarter ended March 31, 2021. Q1 2021 RMB (m)YoY (%)Gross billings175.440.9%Revenues206.613.8%General adult ELT67.020.0%Online ELT71.3(7.5%)Overseas training services39.979.2%Junior ELT25.37.4%Junior ELT- under "Meten" brand17.8286.3%Junior ELT- under "ABC" brand7.5(60.6%)Gross Profit70.893.8%Gross Profit Margin34.3%14.2 pptsAdjusted net loss1(53.2)46.9% 1Non-GAAP measure. For more information about non-GAAP fin
SHENZHEN, China, April 26, 2021 (GLOBE NEWSWIRE) -- Meten EdtechX Education Group Ltd. (NASDAQ:METX) ("Meten EdtechX" or the "Company"), one of the leading omnichannel English language training ("ELT") service providers in China, today announced its financial results for the fiscal year ended December 31, 2020. FY 2020 RMB (m)YoY (%)Gross billings721.2(52.3%)Revenues897.0(38.0%)General adult ELT333.5(57.5%)Online ELT289.711.3%Junior ELT130.3(22.4%)Gross Profit Margin32.3%(15.5ppts)Loss from operations(400.8)76.0%Adjusted net loss1(319.4)218.5 1Non-GAAP measure. For more information about non-GAAP financial measures, please see the section captioned "About Non-GAAP Financial Measures" at
Aegis Capital initiated coverage of Meten EdtechX Education with a rating of Buy and set a new price target of $3.00
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SHENZHEN, China, Jan. 06, 2021 (GLOBE NEWSWIRE) -- Meten EdtechX Education Group Ltd. (Nasdaq: METX) (“Meten EdtechX” or the “Company”), a leading English language training (“ELT”) service provider in China, today announced the appointment of Audit Alliance LLP (“Audit Alliance”) as the Company’s independent auditor [effective on January 7, 2021]. Audit Alliance replaces KPMG Huazhen LLP (“KPMG”), previously the independent auditor for the Company. The appointment of Audit Alliance was made after a careful and thorough evaluation process and has been recommended for approval by the audit committee of the board (the “Board”) of directors of the Company, and approved by the Board on Decembe
SHENZHEN, China, Dec. 01, 2020 (GLOBE NEWSWIRE) -- Meten EdtechX Education Group Ltd. (NASDAQ: METX) (“Meten EdtechX” or the “Company”), a leading omnichannel English language training (“ELT”) service provider in China, announces that its board of directors (the “Board”) had considered and approved the following items: The acquisition (the “Likeshuo Management Investment”) of 15% of newly issued shares of LIKESHUO EDUCATION (HONG KONG) LIMITED (“Likeshuo HK”) by certain senior members of the management of the Likeshuo online business and the reservation (the “Likeshuo ESOP Reservation”) of 5% of shares of Likeshuo HK for future share incentive awards. The consideration in respect of the