17 Education & Technology Group, Inc. (YQ) Q2 2024 Earnings Conference Call Transcript Summary
17 Education & Technology Group, Inc. (YQ) Q2 2024 Earnings Conference Call Transcript Summary
The following is a summary of the 17 Education & Technology Group, Inc. (YQ) Q2 2024 Earnings Conference Call Transcript:
以下是 17 教育與科技集團有限公司 (YQ) 2024 年第二季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
17 Education & Technology Group reported Q2 2024 net revenues of RMB 67.5 million, an impressive increase of 165% compared to the first quarter of 2024.
Gross margin for Q2 2024 was 16%, a significant decrease from 48.3% in Q2 2023.
Net loss on a GAAP basis for Q2 2024 was RMB 55.7 million, increasing from RMB 47.9 million in Q2 2023.
Adjusted net loss non-GAAP for Q2 2024 was RMB 42.6 million, deepening from RMB 28.6 million in Q2 2023.
17教育科技集團報告稱，2024年第二季度淨收入爲人民幣6750萬元，與2024年第一季度相比增長了165％。
2024年第二季度的毛利率爲16％，較2023年第二季度的48.3％大幅下降。
按公認會計原則計算，2024年第二季度的淨虧損爲人民幣5570萬元，高於2023年第二季度的人民幣4790萬元。
2024年第二季度調整後的非公認會計准則淨虧損爲人民幣4260萬元，高於2023年第二季度的人民幣2860萬元。
Business Progress:
業務進展：
The company has experienced substantial growth in user engagement and product offerings, including collaboration with over 500 strategic partners across 95 cities.
Introduced a strategic partnership with two major distributors in Qingdao, boosting competitive edge and market presence.
Achieved significant academic improvements across partner schools using their educational solutions.
該公司在用戶參與度和產品供應方面實現了大幅增長，包括與95個城市的500多個戰略合作伙伴的合作。
與青島的兩家主要分銷商建立了戰略合作伙伴關係，提高了競爭優勢和市場佔有率。
使用其教育解決方案，在合作學校中實現了顯著的學術進步。
Opportunities:
機會：
The expansion in product and market through strategic partnerships in various provinces and continual innovations and upgrades in educational solutions present growth opportunities.
通過在各省建立戰略合作伙伴關係以及教育解決方案的持續創新和升級，產品和市場的擴張帶來了增長機會。
Risks:
風險：
Despite revenue growth, the company faces increasing net losses and a significant decrease in gross margins.
儘管收入增長，但該公司仍面臨淨虧損增加和毛利率的大幅下降。
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