Strong Revenue Growth
Revenue increased by approximately 58% year-over-year to nearly 1.5 billion RMB, surpassing market expectations.
Robust Profitability
Operating profit reached 34.8 million RMB with a net income of 124.0 million RMB. On a non-GAAP basis, net income was 137.3 million RMB with a net margin of 9.2%.
Successful Share Repurchase Program
136 million RMB was allocated to the share repurchase program, with the accumulated total amount reaching 460 million RMB, representing 9.0% of total outstanding shares.
AI Integration and Product Innovation
AI was deeply integrated into educational products and services, leading to improvements in user experience and learning outcomes.
Expansion in Learning Services
Learning services contributed over 95% of net revenues, with non-academic children services emerging as a significant growth engine.