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.
This text is a result of machine translation.
Related companies：
Briefing Mar 31, 2023 12:34 PM
· Consumer Discretionary
BGI Genomics: Net Profit Achieves CNY 803 Mn in 2022, Down 45.06% YoY
In-depth
Briefing Mar 01, 2022 09:32 AM
· Consumer Discretionary
The Secretary of global e-commerce SaaS platform store completed round C financing of US $100 million
Briefing Feb 24, 2022 09:29 AM
· Consumer Discretionary
[moodles molecular cuisine] won tens of millions of pre-A round of financing, and the interdisciplinary team redefined the future food with 3D printing
Dec 09, 2020 09:53 AM
Dec 09, 2020 09:34 AM
Research
Financials, Automotive, HealthcareTech for Global, Globalization Footprints of the Established and the New
May 29, 2020 08:30 PM
Research
Technology, Real Estate, IndustrialsLow-Carbon Industry Expansion - Key Studies From Chinese Companies
May 28, 2020 12:40 PM
Briefing Dec 15, 2021 02:44 PM
· Consumer Discretionary
Vocational education continued to be positive, and Taobao's double 12 vocational education courses increased by nearly 60%
Briefing Dec 05, 2021 10:32 PM
· Consumer Discretionary
Tmall starts a compulsory course: two wheel drive brand growth
Briefing Nov 18, 2021 11:02 PM
· Consumer Discretionary
On the eighth anniversary of fan Deng's study, he insisted on promoting reading for all
Consumer Discretionary
Chinese Education Stocks Tumble Amid New Tutoring Regulations
US-listed Chinese edtech stocks plunged a combined 48%, dropping for the third day in a row after China stressed the need for regulations for both online and offline after-school training institutions.
May 25, 2021 01:03 PM
Briefing Nov 05, 2021 02:44 PM
· Consumer Discretionary
The favorable policies were fulfilled, and tmall's double 11 vocational education increased by 300%
Briefing Sep 10, 2021 11:14 AM
· Consumer Discretionary
Taobao education online "consultation" businesses to help businesses
Briefing Aug 07, 2021 05:06 PM
· Consumer Discretionary
ByteDance lays off thousands of employees from education projects
Consumer Discretionary
Educational Firms New Oriental and Xueersi Receive CNY 500,000 Ceiling Fine
According to the survey conducted by the Beijing Municipal Bureau of Market Supervision, GSX, TAL, Koolearn Tech (New Oriental’s online platform), and Gaosiedu illegally used fabricated prices for false marketing and for price violations in preferential activities through the official websites.
Apr 25, 2021 12:32 PM
Briefing Oct 22, 2020 11:12 AM
· Consumer Discretionary
GSX Stocks Plummet Amid Leaked Financial Data
Briefing Aug 12, 2020 07:04 PM
· Consumer Discretionary
GSX Down More than 9% at Close
Briefing Aug 04, 2020 05:03 PM
· Consumer Discretionary
GSX Techedu's Market Value Exceeds that of New Oriental
Briefing Jul 02, 2020 02:10 PM
· Consumer Discretionary
GSX Techedu Shares Break Previous Records
See more
Read next
Insight
In-depth
Insight
In-depth