2020年在线K12课外培训行业深度研究报告

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二、在线K12课外培训的商业模式和两个关键点.....................................................................................18
商业模式:大班和小班.........................................................................................................................................................19 盈利关键:招生与续费.........................................................................................................................................................23 大班盈利关键点是销售费率.................................................................................................................................................25 小班盈利关键点是毛利润率.................................................................................................................................................27
三、相关标的................................................................................................................................................28
2020年在线K12பைடு நூலகம்外培训行业深度研究报告
报告目录
一、复盘在线K12崛起——从供给、需求、价格、技术、媒体的角度..................................................
K12课外培训商业模式复盘.....................................................................................................................................................4 需求:低线城市消费升级.......................................................................................................................................................5 供给:线下龙头难以下沉.....................................................................................................................................................11 价格:解锁下沉市场的关键.................................................................................................................................................11 技术:带来在线教育的飞跃.................................................................................................................................................16 媒体:精准触达每一名用户.................................................................................................................................................17
新东方在线(1797.HK).......................................................................................................................................................29 立思辰(300010.SZ)...........................................................................................................................................................38 好未来(TAL.N)...................................................................................................................................................................44 跟谁学(GSX.N)...................................................................................................................................................................52 有道(DAO.N).......................................................................................................................................................................63