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Li Yinting, a primary school student, takes extra lessons on both Saturday and Sunday mornings. The 10-year-old learns mathematics at a study center run by Chinese TAL Education Group and learns English at Riverdeep International Education Inc, one of the most expensive schools in Beijing.
He attends Beijing Haidian Experimental Primary School, a key primary school in the capital, from Monday to Friday.
"He has been taking English lessons at Riverdeep from his first grade," his mother, a gynecologist and obstetrician, said.
China's listed companies from the education and training industry witnessed a high profit increase in the fiscal year of 2011 amid overall slowing economic growth.
The net revenue of the eight educational enterprises that listed in the United States hit $1.34 billion in the fiscal year ending in 2011, increasing 42.5 percent from $941 million year-on-year. They realized accumulative profits of $165 million in the latest fiscal year, according to a report from ChinaVenture, a financial data and business information provider in China.
"Almost 90 percent of students in my class take part in supplementary lessons in training institutions outside school," said Wu Yueqin, a chemistry teacher from Beijing Yucai Middle School.
Taking extra-curricular tutorial classes is becoming a trend among students and their parents. Those who don't take the classes feel ashamed and cannot keep the pace up in study at school, Wu said. "If more than 80 percent of students have learned new knowledge, I don't need to waste time explaining it."
According to the chemistry teacher, many students spend time during the holidays learning the following term's lessons.
New Oriental Education and Technology Group Inc, the financially most successful company in the education and training sector, achieved $558 million net revenues with a year-on-year growth rate of 44.4 percent in the fiscal year June 1, 2010, to May 31, 2011. Its net profit hit $102 million, exceeding Ambow Education, the next best performer, by almost $63 million, according to the ChinaVenture report.
"With perfect teaching quality, New Oriental's brand is more competitive than its rivals," said Yang Zhihui, vice-president of New Oriental and in charge of its finances. "The opening of new teaching centers all over China also contributed to its good performance."