Evidence and rigorous quantitative analysis. ”

SEC is the US Securities and Exchange Commission.

Chen Xiangdong mentioned that he was short when he mentioned several short selling events It is due to the performance of “too good to be true”, and said: “This consecutive shorting is from another perspective. The short agency is doing at least 500 million yuan worth of marketing for us. As long as we continue to struggle, continue to deliver the most Good teaching, best service and best results! ”


With whom to learn, founder Chen Xiangdong responded to Citron ’s third short sale

Chen Xiangdong said: “However, whoever you want to learn from is still grateful to Citron, so that more investors can start to study GSX seriously (who to learn from), and more excellent talents can start to see who will learn from. Yes, at this stage, I feel heartbroken for Citron and those investors, media, and people who believe in Citron. “

Public information shows who The school was founded in June 2014 by the former New Oriental CEO Chen Xiangdong. 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. At present, there are brands such as Who I Learn from, Gao Tuo Classroom, Cheng Yi Business School, Jinyi Academy, Weishi, BabyABC.

On April 3, with whom to learn to announce the 2019 annual report, the net income in 2019 will be 2.149 billion yuan, an increase of 432.3% year-on-year (compared to the same period last year); The net profit was 226.6 million yuan, an increase of 1050.3% year-on-year; the total number of payers reached 2743,000, an increase of 257.6% year-on-year.

This performance growth rate is quite “conspicuous” among a group of online education companies struggling to make a profit. It is short-selling at Citron or Grizzly ResearchIn the report, all expressed an “incredibly good” attitude.

Chen Xiangdong publicly stated on April 8 that whoever learns all business behavior and performance data is based on integrity, never falsified, never exaggerated and whitewashed, Withstand the test.

On May 6, who learned to release the unaudited financial report for the first quarter of 2020. The report shows that as of March 31, the net income with whom to learn from was 1.298 billion yuan, an increase of 382% over the same period last year; the non-GAAP net profit was 191 million yuan, an increase of 406% year-on-year; the number of regular-price courses paid was 774,000 , A year-on-year increase of 307%.

Chen Xiangdong ’s internal staff email said that learning from who will continue to focus on online live big class, and strive to create a great organization that talents yearn for, and comprehensively improve management Efficiency and organizational ability, continue to attract the best teachers in the industry and technical talents who love education, continue to increase strategic investment in customer acquisition channels with high ROI (return on investment), and continue to increase investment in long-term and future And investment. Chen Xiangdong emphasized that he will continue to stick to the profitable growth strategy he has always emphasized.