Significant Revenue Growth
Revenue increased by 82.5% year-over-year to nearly RMB 1.4 billion, with gross billings up by 69.0% to over RMB 2.1 billion.
Improved Profitability
Loss from operations narrowed by 20.6% with operating margin improving by 13.9 percentage points. Net operating cash inflow was RMB 783.6 million.
AI Integration and Technological Advancements
Breakthroughs in cognitive reasoning with AGI technologies like DeepSeek, enhancing learning effectiveness and boosting organizational performance.
High Retention Rates
Improvement in retention rates for new enrollments in both nonacademic tutoring and traditional learning services.
Strong Cash Position
Cash, cash equivalents, restricted cash, short and long-term investments totaled RMB 4.1 billion as of December 31, 2024.
Share Buyback
Allocated nearly US$47.5 million for share buybacks, including over 8.1 million ADS bought back for US$28.8 million in 2024.
Projected Profitability in Q1 2025
Confident in achieving profitability at the net profit level in Q1 2025 while maintaining fast revenue growth.