Four Seasons Education publishes FY2026 annual report

Four Seasons Education (Cayman)

Four Seasons Education (Cayman)

FEDU

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  • Four Seasons Education filed its fiscal 2026 annual report, highlighting a strategic shift toward enrichment learning, study travel, learning technology, content solutions.
  • Operations remained concentrated in China, run mainly through variable interest entities that generated about 99.9% of net revenue.
  • Management continued to invest in PRC expansion, including plans to build out study camps to widen its product mix.
  • Cash transfers within the group centered on working-capital support, with the VIEs paying RMB 9.8 million service fees to the WFOE.
  • The company cited ongoing regulatory uncertainty in China as a key variable for growth initiatives and product rollout.


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