On April 9, the online education company held an investor communication conference with Who Learned (NYSE: GSX), and disclosed a number of financial data details as well as express shipments, APP downloads, etc.
“From the financial results, our cash flow, cash balance and net profit are all growing in the same direction, which is negative with operating cash flow and the cash balance continues to decline Companies that continue to lose money are very different, “said Shen Nan, who learned CFO (Chief Financial Officer).
Who to learn from was created by former New Oriental CEO Chen Xiangdong in June 2014. On March 30, 2015, with whom to learn announced A round of financing of 50 million US dollars, in June 2019, with whom to learn listed on the New York Stock Exchange. There are currently brands with whom to learn, who to learn from, Gaotu Classroom, Chengye Business School, Jinyue School, Weishi, babyABC.
On April 3, the 2019 annual report published with Who Learned showed that the net income for 2019 will be 21.149 billion yuan, up 432.3% year-on-year; the net profit will be 2.266 RMB 100 million, an increase of 1050.3% year-on-year; the total number of payers reached 2743,000, an increase of 257.6% year-on-year.
In a loss-making online education company, who learns too bright data from the market has attracted widespread attention, and who learns from was hit by short agencies in February. It has been refocused in recent days.
The 59-page short report published by Grizzly Research, a short-selling agency, in February stated that who learned from it significantly overestimated its profitability when applying for listing. It is said that there is a “swipe” phenomenon with whom to learn, and the number of students is inflated. Grizzly directly calls who is the “worst listed education company.”
On April 8th, at a media communication meeting with whom to learn, Chen Xiangdong, chairman and CEO, said that all business behavior and performance data are learned from who Based on good faith, never falsified, never exaggerated and whitewashed, and can stand the test.
At the investor communication meeting on April 9, Shen Nan, who learned CFO, said that the cash income from whom he learned in 2019 has reached 3.358 billion, “in With such a large volume, we believe that only truth can withstand the verification of internal and external auditors. “
According to its introduction, as of December 2019 With whom on the 31st