Gaotu Techedu Inc. reported earnings results for the fourth quarter ended December 31, 2022. For the fourth quarter, the company reported sales was CNY 629.63 million compared to CNY 1,274.27 million a year ago. Net income was CNY 70.61 million compared to CNY 285.86 million a year ago.

Basic earnings per share from continuing operations was CNY 0.2733 compared to CNY 1.1133 a year ago. Diluted earnings per share from continuing operations was CNY 0.2667 compared to CNY 1.0867 a year ago.