Gaotu Techedu Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CNY 703.09 million compared to CNY 537.8 million a year ago. Net income was CNY 56.16 million compared to net loss of CNY 49.81 million a year ago. Basic earnings per share from continuing operations was CNY 0.2133 compared to basic loss per share from continuing operations of CNY 0.1933 a year ago. Diluted earnings per share from continuing operations was CNY 0.2067 compared to diluted loss per share from continuing operations of CNY 0.1933 a year ago.
For the six months, sales was CNY 1,410.39 million compared to CNY 1,262.41 million a year ago. Net income was CNY 170.01 million compared to CNY 3.91 million a year ago. Basic earnings per share from continuing operations was CNY 0.6533 compared to CNY 0.0133 a year ago. Diluted earnings per share from continuing operations was CNY 0.6333 compared to CNY 0.0133 a year ago.