Financial Data and Key Metrics Changes - In Q2 2023, the company achieved a 42% quarter-over-quarter increase in revenue, with total net revenues amounting to RMB 545 million, a year-over-year decline of 16% from RMB 649 million in Q2 2022 [4][6][17] - The operating loss narrowed substantially by 88% quarter-over-quarter, measuring RMB 6.8 million compared to RMB 58.8 million in Q1 2023 [5][17] - The company reported a net profit of RMB 8.34 million in Q2 2023, aided by disposal gains from the carve-out of the college collaboration-related business [5][23] Business Line Data and Key Metrics Changes - Revenue from the IT-focused supplementary STEAM education business remained stable at RMB 647.7 million, recovering to the same level as Q2 2022 [6][8] - The IT professional education business saw a 34.8% year-over-year decline in revenue due to a longer recovery period, despite a 47% quarter-over-quarter increase [10][17] - The number of centers providing IT-focused supplementary STEAM education services decreased from 227 to 215 year-over-year, while the number of students enrolled increased from 767 to 822 [9] Market Data and Key Metrics Changes - The overall business environment showed signs of improvement, leading to increased customer acquisition and stable demand for STEAM education [4][18] - The company noted a decline in the number of centers for IT professional education services from 98 to 52 year-over-year, impacting revenue generation [11][19] Company Strategy and Development Direction - The company has focused on enhancing operational capability and management efficiency while adapting to market demands in digital transformation and artificial intelligence [14] - The carve-out of the college collaboration-related business is aimed at improving financial health and focusing on core competencies in To-C IT professional and STEAM education services [12][13] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of the business environment, with expectations for continued growth in market demand for IT talent driven by digital transformation and AI [14][15] - The company aims to leverage favorable professional education policies to enhance student employability and market penetration [15] Other Important Information - The total balance of cash, cash equivalents, and restricted cash was RMB 368.1 million as of June 30, 2023, a decrease of RMB 5.9 million from December 31, 2022 [25] - Capital expenditures in Q2 2023 were RMB 11.6 million, reflecting ongoing investments despite a challenging recovery period [25] Q&A Session Summary Question: What are the major driving factors behind the improvement quarter-to-quarter? - Management identified three key factors: improvement in the general business environment leading to better customer acquisition costs, a range of social events enhancing brand awareness, and favorable policies promoting STEAM education [27][28][29]

Financial Data and Key Metrics Changes - Total net revenues for Q1 2023 amounted to RMB385 million, a year-over-year decline of 38.2% from RMB624 million in Q1 2022, primarily due to learning center closures in January [7][13] - Net operating cash outflow narrowed by 6% year-over-year to RMB17.73 million in Q1 2023, compared to RMB18.9 million in the same period of 2022 [7][12] - Operating loss was RMB58.8 million in Q1 2023, compared to operating income of RMB28.6 million in Q1 2022 [17] Business Line Data and Key Metrics Changes - Revenue from IT-focused supplementary STEAM education services was RMB250.8 million, down 29.1% year-over-year, representing 65.1% of total net revenues [8][14] - Revenue from IT professional education dropped by 50.2% year-over-year due to the suspension of some learning centers [10][13] - Enrollments in STEAM education reached 174,800, a slight increase compared to the previous year, with the number of renewal students rising to 81.6% [9] Market Data and Key Metrics Changes - The total number of learning centers providing STEAM education services decreased from 232 at the end of Q4 2022 to 216 at the end of Q1 2023 [9] - The number of students enrolled per center increased from 737 in Q1 2022 to 807 in Q1 2023 [9] Company Strategy and Development Direction - The company plans to focus on continuous course upgrades and operational excellence to enhance future development and profitability [21] - A strategic investment agreement was approved to carve out the college collaboration-related business, retaining only a minority interest [11][20] - The company aims to capitalize on the growing demand for IT-focused STEAM education in China, driven by the country's aspiration to develop technical capabilities [22] Management's Comments on Operating Environment and Future Outlook - Management noted that the overall business environment was challenging, but there was a recovery in enrollments and cash inflow in the latter part of Q1 2023 [6][20] - The company expects ongoing revenue run rate to decrease by around 4% due to the carve-out of the college collaboration business, but anticipates a year-over-year increase in cash receipts and GAAP revenue in Q2 2023 [20][21] Other Important Information - Total operating expenses decreased by 21.3% year-over-year to RMB259.8 million in Q1 2023, primarily due to effective cost controls [15] - Capital expenditures in Q1 2023 were RMB5.8 million, with a total cash balance of RMB371 million as of March 31, 2023 [18] Q&A Session Summary Question: What is the trend for STEAM education this year and the growth strategy? - Management indicated that despite early headwinds, the STEAM education segment is gradually returning to growth, driven by rising market demand and favorable policies [24] - The growth strategy includes new customer acquisition channels, maintaining high renewal rates, and introducing generative AI technology content to courses [25][26] Question: What is the enrollment and total number of centers in the professional education segment? - There were about 83 centers at the end of Q1 2023, which is expected to decrease to around 57 after the carve-out of the college-related business [29] Question: What is the pricing action for the rest of the year? - Pricing per hour and transaction value per course have increased, with students opting for longer courses without changing the overall pricing structure [35] Question: Can you break down the Q2 guidance? - The expected decrease in revenue is primarily due to lingering impacts from the previous quarter and economic conditions affecting the adult education segment [37] Question: Will the company be profitable this year? - The company expects to remain profitable this year, with a break-even outlook for Q2 and profitability anticipated in the second half of the year [39]

Enrollment and Education Focus - Total student enrollment in IT-focused supplementary STEAM education increased by 1.0% to 174,800 in Q1 2023 from 173,100 in Q1 2022[2]. Financial Performance - Net revenues decreased by 38.2% year-over-year to RMB385.1 million (US$56.1 million) in Q1 2023 from RMB623.5 million in Q1 2022[2]. - Gross profit decreased by 44.0% year-over-year to RMB201.0 million (US$29.3 million) in Q1 2023 from RMB358.9 million in Q1 2022[2]. - Operating loss was RMB58.8 million (US$8.6 million) in Q1 2023, compared to operating income of RMB28.6 million in Q1 2022[2]. - Net loss was RMB49.9 million (US$7.3 million) in Q1 2023, compared to net income of RMB27.1 million in Q1 2022[2]. - Basic and diluted loss per ADS was RMB4.67 (US$0.68) in Q1 2023[2]. - Net revenues for Q1 2023 were RMB 385,104, a decrease of 38.3% compared to RMB 623,506 in Q1 2022[32]. - Gross profit for Q1 2023 was RMB 201,003, down 44.0% from RMB 358,918 in Q1 2022[32]. - Operating loss for Q1 2023 was RMB 58,823, compared to an operating income of RMB 28,591 in Q1 2022[32]. - Net loss attributable to Class A and Class B ordinary shareholders for Q1 2023 was RMB 50,233, compared to a net income of RMB 26,561 in Q1 2022[32]. - Basic and diluted net loss per ADS for Q1 2023 was (4.67), compared to basic and diluted earnings per ADS of 2.39 and 2.35 respectively in Q1 2022[32]. - GAAP net loss for the three months ended March 31, 2023, was RMB (49,918) million, compared to a net income of RMB 27,069 million for the same period in 2022[35]. - Non-GAAP operating loss for the first quarter of 2023 was RMB (57,743) million, a significant decline from a profit of RMB 29,979 million in Q1 2022[35]. - Non-GAAP net income attributable to Class A and Class B ordinary shareholders was RMB (49,153) million in Q1 2023, a decline from RMB 27,949 million in Q1 2022[35]. - Basic Non-GAAP net loss per share for Q1 2023 was RMB (4.57), compared to a profit of RMB 2.51 in Q1 2022[35]. Operating Expenses and Liabilities - Total operating expenses decreased by 21.3% to RMB259.8 million (US$37.8 million) in Q1 2023 from RMB330.3 million in Q1 2022[10]. - Total liabilities as of March 31, 2023, were RMB 2,693,676, an increase from RMB 2,656,946 as of December 31, 2022[30]. - Cash and cash equivalents as of March 31, 2023, were RMB 50,000, down from RMB 52,000 as of December 31, 2022[30]. Tax and Currency Impact - The company recorded an income tax benefit of RMB8.1 million (US$1.2 million) in Q1 2023, compared to an income tax expense of RMB5.4 million in Q1 2022[14]. - The company reported a foreign currency exchange loss of RMB 114 in Q1 2023, compared to a loss of RMB 85 in Q1 2022[32]. Future Outlook and Strategy - The company expects net revenues for Q2 2023 to be in the range of RMB520 million to RMB550 million, representing a decrease of 15% to 20% compared to Q2 2022[18]. - The company plans to continue focusing on enhancing its curriculum to meet market demand and improve job placement rates for students[25]. Research and Development - Research and development expenses for Q1 2023 were RMB 15,128, a slight decrease from RMB 16,342 in Q1 2022[32]. - Research and development expenses on a GAAP basis were RMB 15,128 million for Q1 2023, slightly down from RMB 16,342 million in Q1 2022, a decrease of approximately 7.4%[35].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...

Tarena International, Inc. (NASDAQ:TEDU) Q4 2022 Results Conference Call March 28, 2023 8:00 AM ET Company Participants Sylvia Yang - Investor Relations Manager Nancy Ying Sun - Chief Executive Officer Ping Wei - Chief Financial Officer Conference Call Participants Edward Riley - E. F. Hutton Operator Ladies and gentlemen, thank you for standing by and welcome to the Fourth Quarter and Full Year of 2022 Tarena International Incorporated Earnings Conference Call. All participants are in a listen-only mode. T ...

Exhibit 99.1 Tarena International, Inc. Announces the Unaudited Results for the Fourth Quarter and Fiscal Year of 2022 Highlights for the Fourth Quarter of 2022 Highlights for Fiscal Year of 2022 BEIJING, Mar 27, 2023 /PRNewswire/ -- Tarena International, Inc. (NASDAQ: TEDU) ("Tarena" or the "Company"), a leading provider of IT professional education and IT-focused supplementary STEAM education services in China, today announced its unaudited financial results for the fourth quarter and full year ended Dece ...

Tarena International, Inc. (NASDAQ:TEDU) Q3 2022 Earnings Conference Call November 30, 2022 8:00 AM ET Company Participants Sylvia Yang - Manager of Investor Relations Nancy Ying Sun - Chief Executive Officer Ping Wei - Chief Financial Officer Conference Call Participants Operator Ladies and gentlemen, thank you for standing by and welcome to the Third Quarter 2022 Tarena International, Inc. Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s present ...

Tarena International, Inc. (NASDAQ:TEDU) Q2 2022 Earnings Conference Call August 16, 2022 8:00 AM ET Company Participants Sylvia Yang - Manager of Investor Relations Nancy Ying Sun - Chief Executive Officer Ping Wei - Chief Financial Officer Conference Call Participants Lei Yang - CIMB Operator Ladies and gentlemen, thank you for standing by and welcome to the Second Quarter of 2022 Tarena International, Inc. Earnings Conference Call. At this time all participants are in listen only mode. After speaker's pr ...