财务数据和关键指标变化 - 第二季度收入为67.5亿元人民币,较上一季度增长165% [15] - 毛利率为16%,较上年同期的48.3%下降 [16] - 经营亏损为60.2亿元人民币,较上年同期的57.8亿元人民币有所增加 [17] - 净亏损为55.7亿元人民币,较上年同期的47.9亿元人民币有所增加 [17] - 非公GAAP调整后净亏损为42.6亿元人民币,较上年同期的28.6亿元人民币有所增加 [18] - 截至6月30日,公司现金及现金等价物为410.7亿元人民币 [19] 各条业务线数据和关键指标变化 - 教学和学习SaaS业务在区县级项目中持续增长,并完成了新项目的交付和收入确认 [10] - 在上海明行区的区县级项目中,智能笔和纸已经在日常使用,完成了2300万次作业、46万课时、18000次评估等 [10] - 公司作为点阵笔应用行业的深耕者,主导制定了国内首个点阵笔团体标准 [11] 各个市场数据和关键指标变化 - 公司目前与超过500家战略合作伙伴合作,覆盖27个省95个城市 [9] - 与青岛两家主要区域经销商建立战略合作,旨在扩大在该地区的市场覆盖和竞争优势 [9] 公司战略和发展方向及行业竞争 - 公司致力于产品优化和渠道创新,提供个性化的整体教育解决方案,助力中国教育数字化转型 [20] - 公司积极参与行业标准制定,巩固行业地位,推动行业技术进步和创新实践 [11] 管理层对经营环境和未来前景的评论 - 公司核心业务取得了强劲增长,运营效率不断优化,亏损呈下降趋势 [6] - 公司的数据驱动SaaS产品有助于提升学生学习成绩和教师教学效率 [7] - 公司现有项目续约率高,新客户拓展和服务范围扩大,有望持续改善收入和销售效率 [8] 其他重要信息 - 公司董事会批准了最高10亿美元的股票回购计划,将在未来12个月内实施 [19]

BEIJING, Sept. 05, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ: YQ) (“17EdTech” or the “Company”), a leading education technology company in China, today announced its unaudited financial results for the second quarter of 2024. Second Quarter 2024 Highlights1 Net revenues were RMB67.5 million (US$9.3 million), compared with net revenues of RMB69.2 million in the second quarter of 2023.Gross margin was 16.0%, compared with 48.3% in the second quarter of 2023.Net loss was RMB55.7 mil ...

Exhibit 99.1 17 Education & Technology Group Inc. Announces First Quarter 2024 Unaudited Financial Results BEIJING, China, June 6, 2024 — (GLOBE NEWSWIRE) — 17 Education & Technology Group Inc. (NASDAQ: YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced its unaudited financial results for the first quarter of 2024. First Quarter 2024 Highlights 1 • Net revenues were RMB25.5 million (US$3.5 million), compared with net revenues of RMB9.3 million in the first qu ...

BEIJING, June 06, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ:YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced its unaudited financial results for the first quarter of 2024. First Quarter 2024 Highlights1 Net revenues were RMB25.5 million (US$3.5 million), compared with net revenues of RMB9.3 million in the first quarter of 2023.Gross margin was 38.4%, compared with 24.4% in the first quarter of 2023.Net loss was RMB56.1 million (U ...

BEIJING, June 06, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ: YQ) (“17EdTech” or the “Company”), a leading education technology company in China, today announced its unaudited financial results for the first quarter of 2024. First Quarter 2024 Highlights1 Net revenues were RMB25.5 million (US$3.5 million), compared with net revenues of RMB9.3 million in the first quarter of 2023.Gross margin was 38.4%, compared with 24.4% in the first quarter of 2023.Net loss was RMB56.1 million ( ...

BEIJING, May 30, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ:YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced that it will report its unaudited financial results for the first quarter ended March 31, 2024, on June 05, 2024 after the close of U.S. markets. The Company's management will hold an earnings conference call on Wednesday, June 05, 2024 at 9:00 p.m. U.S. Eastern Time (Thursday, June 06, 2024 at 9:00 a.m. Beijing time). Plea ...

BEIJING, May 30, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ: YQ) (“17EdTech” or the “Company”), a leading education technology company in China, today announced that it will report its unaudited financial results for the first quarter ended March 31, 2024, on June 05, 2024 after the close of U.S. markets. The Company’s management will hold an earnings conference call on Wednesday, June 05, 2024 at 9:00 p.m. U.S. Eastern Time (Thursday, June 06, 2024 at 9:00 a.m. Beijing time). Ple ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(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, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) ...

Exhibit 99.1 17 Education & Technology Group Inc. Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results BEIJING, China, March 21, 2024 — (GLOBE NEWSWIRE) — 17 Education & Technology Group Inc. (NASDAQ: YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced its unaudited financial results for the fourth quarter and the year ended December 31, 2023. Fourth Quarter 2023 Highlights 1 • Net revenues were RMB47.3 million (US$6.7 million), compared w ...

收入情况 - 公司在2023年第四季度的教学和学习SaaS业务实现了19.7%的收入增长[9] - 2023年第四季度，公司净收入为人民币4.73亿元，同比增长19.3%[45] 利润情况 - 2023年第四季度，公司调整后净亏损为人民币8.18亿元，同比增长16.9%[51] 业务拓展 - 公司与地区学校建立战略合作伙伴关系，成功执行并交付项目，这种新策略自上一季度以来在合同价值和数量方面表现强劲[18] - 公司的教学和学习SaaS产品受到了一系列顶尖学校的认可和早期采用，预计将进一步加速该领域的采用过程[22] 财务状况 - 截至2023年12月31日，公司现金及现金等价物为人民币4.767亿元，较2022年12月31日减少了26.5%[52]