10'000 Hours I published my initial investment thesis on Gaotu Techedu (NYSE:GOTU) in September 2023. Due to extreme good luck, the stock quickly doubled in less than 6 months after my “strong buy” rating. In Feb of 2024, I wrote another article downgrading GOTU to hold as the stock rose too far. Since then, GOTU has dropped almost 50%. I believe the recent development in China’s after-school tutoring market, especially the change in government attitude, is very positive for GOTU. However, the stock pri ...

BEIJING, Aug. 5, 2024 /PRNewswire/ -- Gaotu Techedu Inc. ("Gaotu" or the "Company") (NYSE: GOTU), a technology-driven education company and online large-class tutoring service provider in China, today announced that it will report its financial results for the second quarter ended June 30, 2024, before U.S. markets open on Tuesday, August 27, 2024.Gaotu's management will hold an earnings conference call at 8:00 AM U.S. Eastern Time on Tuesday, August 27, 2024 (8:00 PM on the same day, Beijing/Hong Kong Time ...

高途（GOTU.US） 更新报告 买入 2024年6月3日 营收利润超公司指引，长期增长动力强劲 但玉翠  FY24Q1 业绩概览：截止 24 年 3 月 31 日，公司 FY24Q1 同比 +852-25321539 + 33.9%至 9.47 亿人民币（下同），高于此前公司业绩指引（9.08- 9.28亿元）。Non-GAAP经营利润-0.62亿元，去年同期为盈利1.1 亿 Tracy.dan@firstshanghai.com.hk 元；Non-GAAP 净利润为 0.03 亿元，去年同期 1.3 亿元。截至至 主要资料 F Y2024Q1，公司在现金储备为38亿元，无有息负债。  K12 业务实现高增长，现金收入增速超 70%：分业务看， 行业 教育 FY23Q1 公司非学科培训及高中业务占比超 70%，占据主要地位，现金 股价 5.7美元 收 入同比超过 35%，其中非学科培训业务现金收入同比超过 100%，传 目标价 9.5美元 统业务维持高两位数增长。成人及大学生业务收入占比接近 20%，现 (+67%) 金收入增速恢复至同比+30%。排除续班错期等一次性影响后，可比口 径下现金收款同比超7 ...

教培行业研究系列（六）：高途（GOTU.N）深度研究 在线业务趋势强劲，线下布局重回管理层擅长领域 2024年05月26日 ➢ 高途：K12在线教育领军者，“双减”后快速调整。公司成立于2014年，通过聚焦 在线直播大班课，成为国内首家实现规模化盈利的K12在线教育公司，2019年6月在美 国纽交所上市。2020年营收一度超过70亿元。“双减”后，公司组织和业务迅速调整， 剥离义务教育阶段学科培训业务（已登记为非营利机构，与上市公司完全独立），保留合 [Table_Author] 规高中业务，重点发展K9素养、成人及大学生业务。2021Q4公司净利率转正，重组成 本基本出清，账面类现金总额37亿元，为业务转型提供坚实基础。 ➢ 经营近况：营收恢复较快增长，现金收入增速加快，趋势强劲。2023年公司营收30 亿元/yoy+19%，恢复增长，在线培训收入占比仍在95%+，其中K12业务收入超20亿 元，预计增速较快，成人及大学生业务战略调整，优化盈利能力较弱的品类，已初显成效。 趋势来看，2023Q4公司现金收入创“双减”调整后新高，同增28%，2024Q1现金收入 分析师 易永坚 同增 35%，环比加快。202 ...

Gaotu Techedu Inc. (NYSE:GOTU) Q1 2024 Earnings Conference Call May 21, 2024 8:00 AM ET Company Participants Catherine Chen - Head of IR Larry Chen - Founder, Chairman and CEO Shannon Shen - CFO Conference Call Participants Alice Cai - Citi Research Jeffrey Chan - CLSA Operator Ladies and gentlemen, thank you for standing by and welcome to the Gaotu Techedu [Fourth Quarter and Fiscal Year 2023] (ph) Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note t ...

Exhibit 99.1 Gaotu Techedu Announces First Quarter 2024 Unaudited Financial Results Beijing, China, May 21, 2024 —Gaotu Techedu Inc. (NYSE: GOTU) ("Gaotu" or the "Company"), a technology-driven education company and online large-class tutoring service provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights[1] • Net revenues were RMB946.9 million, increased by 33.9% from RMB707.3 million in the same period of 2023. • Gross b ...

BEIJING, May 21, 2024 /PRNewswire/ -- Gaotu Techedu Inc. (NYSE: GOTU) ("Gaotu" or the "Company"), a technology-driven education company and online large-class tutoring service provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2024.First Quarter 2024 Highlights[1]Net revenues were RMB946.9 million, increased by 33.9% from RMB707.3 million in the same period of 2023.Gross billings[2] were RMB729.4 million, increased by 35.3% from RMB539.0 million in the s ...

BEIJING, April 30, 2024 /PRNewswire/ -- Gaotu Techedu Inc. ("Gaotu" or the "Company") (NYSE: GOTU), a technology-driven education company and online large-class tutoring service provider in China, today announced that it will report its financial results for the first quarter ended March 31, 2024, before U.S. markets open on Tuesday, May 21, 2024.Gaotu's management will hold an earnings conference call at 8:00 AM U.S. Eastern Time on Tuesday, May 21, 2024 (8:00 PM on the same day, Beijing/Hong Kong Time). D ...

[Table_Page] 跟踪研究|媒体Ⅱ 证券研究报告 [【Table_T广itle] 发 传 媒 & 海 外 】 高 途 集 团 [公Tab司le_I评nve级st] 买入 当前价格 6.70美元 （GOTU） 合理价值 8.12美元 前次评级 买入 24Q1 前瞻：收款健康增长，获客效率提升 报告日期 2024-04-29 [ 核Tabl 心e_Su 观mm 点ary] ： [相Tab对le_P市icQ场uote表] 现 GOTU US EQUITY SPX Index ⚫ 24Q1前瞻：预计收入维持指引，调高收款增速。预计24Q1实现收入 40.0% 9.25亿元，YoY+30.8%，预计落在23Q4财报28.4-31.2%的指引增速 区间。预计收款6.98亿元，YoY+29.5%，主要由于良好的K12用户拉 20.0% 新驱动，若考虑春节错期因素进行调整后，预计收款增速同增70%。 0.0% ⚫ 预计非学科培训收入高增，K12 收入占比提升。（1）预计 Q1 非学科 培训收入 1.97 亿元，YoY+55%，收入占比 21%。（2）预计传统学习 -20.0% 服务收入 5.33 亿元，YoY+30% ...

BEIJING, April 25, 2024 /PRNewswire/ -- Gaotu Techedu Inc. ("Gaotu" or the "Company") (NYSE: GOTU), a technology-driven education company and online large-class tutoring service provider in China, today filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission. The annual report on Form 20-F can be accessed on the Company's investor relations website at https://ir.gaotu.cn/. The Company will provide a hard copy of its annual report cont ...