Consumer Discretionary May 25, 2021 07:44 AM (GMT+8) · EqualOcean
On May 25, an educational technology (NASDAQ: YQ) disclosed its financial report for the first quarter of 2021. According to the financial report, in the first quarter, the net income of educational science and technology Q1 reached 474.2 million yuan, and the cash income (non US GAAP) of its online school of Tongxue reached 603.5 million yuan in the first quarter of 2021. During the reporting period, the R & D expenditure of educational science and technology reached 209.9 million yuan, an increase of 58.2% compared with 132.7 million yuan in the same period of last year. In the field of online homework platform, the Mau (number of monthly active users) of the student end of homework under the education technology group reached 18.9 million during the reporting period.

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