GSX Techedu Reports 2Q 2020 Earnings
According to the US-listed edtech firm's unaudited financial report for the second quarter, revenue was CNY 1.65 billion higher than market expectations (CNY 1.57 billion) an increase of 366.6% year-on-year. The number of regular-price class fees increased by 331.7% year-on-year to 1.56 million. Net profit increased by 133% year-on-year to CNY 72.71 million.
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