New Risk • Apr 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$28.0m market cap). Reported Earnings • Mar 26
Full year 2025 earnings released: CN¥15.40 loss per share (vs CN¥24.00 loss in FY 2024) Full year 2025 results: CN¥15.40 loss per share (improved from CN¥24.00 loss in FY 2024). Revenue: CN¥106.0m (down 44% from FY 2024). Net loss: CN¥154.4m (loss narrowed 20% from FY 2024). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Announcement • Mar 24
17 Education & Technology Group Inc. Announces Appointment of Sishi Zhou as Chief Financial Officer, Effective from March 24, 2026 17 Education & Technology Group Inc. announced that Ms. Sishi Zhou has been formally appointed as the Chief Financial Officer of the Company, effective March 24, 2026. Since assuming the role of Acting Chief Financial Officer in June 2025, Ms. Zhou has played a pivotal role in driving the Company’s key strategic initiatives through rigorous financial analysis and disciplined resource allocation, demonstrating exceptional leadership and financial acumen. Ms. Sishi Zhou joined the Company in December 2020 and was appointed as the Company’s Acting Chief Financial Officer in June 2025. She is primarily responsible for the overall financial operations of the Company, including financial reporting, business analysis, budgeting, compliance, treasury, and taxation. Prior to joining the Company, Ms. Zhou held multiple advisory positions in strategic finance at Shell plc (China), and served as Senior Finance Manager in multiple organizations as well as Senior Auditor at PwC Zhong Tian CPAs LLP. Ms. Zhou received her dual bachelor’s degrees in accounting and law from Tsinghua University in 2011 and her MBA from Peking University’s Guanghua School of Management in 2023. Announcement • Mar 18
17 Education & Technology Group Inc. to Report Q4, 2025 Results on Mar 24, 2026 17 Education & Technology Group Inc. announced that they will report Q4, 2025 results After-Market on Mar 24, 2026 Reported Earnings • Dec 11
Third quarter 2025 earnings released: CN¥4.35 loss per share (vs CN¥2.24 loss in 3Q 2024) Third quarter 2025 results: CN¥4.35 loss per share (further deteriorated from CN¥2.24 loss in 3Q 2024). Revenue: CN¥20.0m (down 66% from 3Q 2024). Net loss: CN¥44.5m (loss widened 156% from 3Q 2024). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Dec 03
17 Education & Technology Group Inc. to Report Q3, 2025 Results on Dec 09, 2025 17 Education & Technology Group Inc. announced that they will report Q3, 2025 results After-Market on Dec 09, 2025 New Risk • Sep 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$33.3m market cap). New Risk • Sep 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 39% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Minor Risk Market cap is less than US$100m (US$32.6m market cap). Reported Earnings • Sep 05
Second quarter 2025 earnings released: CN¥2.82 loss per share (vs CN¥7.18 loss in 2Q 2024) Second quarter 2025 results: CN¥2.82 loss per share (improved from CN¥7.18 loss in 2Q 2024). Revenue: CN¥25.4m (down 62% from 2Q 2024). Net loss: CN¥26.0m (loss narrowed 53% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Announcement • Aug 28
17 Education & Technology Group Inc. to Report Q2, 2025 Results on Sep 03, 2025 17 Education & Technology Group Inc. announced that they will report Q2, 2025 results After-Market on Sep 03, 2025 Reported Earnings • Jun 11
First quarter 2025 earnings released: CN¥3.35 loss per share (vs CN¥7.23 loss in 1Q 2024) First quarter 2025 results: CN¥3.35 loss per share (improved from CN¥7.23 loss in 1Q 2024). Revenue: CN¥21.7m (down 15% from 1Q 2024). Net loss: CN¥30.9m (loss narrowed 45% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Announcement • Jun 04
17 Education & Technology Group Inc. to Report Q1, 2025 Results on Jun 10, 2025 17 Education & Technology Group Inc. announced that they will report Q1, 2025 results After-Market on Jun 10, 2025 Reported Earnings • May 01
Full year 2024 earnings released: CN¥24.00 loss per share (vs CN¥33.99 loss in FY 2023) Full year 2024 results: CN¥24.00 loss per share (improved from CN¥33.99 loss in FY 2023). Revenue: CN¥189.2m (up 11% from FY 2023). Net loss: CN¥192.9m (loss narrowed 38% from FY 2023). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. New Risk • Mar 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$16.5m market cap). Reported Earnings • Mar 25
Full year 2024 earnings released: CN¥24.00 loss per share (vs CN¥33.99 loss in FY 2023) Full year 2024 results: CN¥24.00 loss per share (improved from CN¥33.99 loss in FY 2023). Revenue: CN¥189.2m (up 11% from FY 2023). Net loss: CN¥192.9m (loss narrowed 38% from FY 2023). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings. Announcement • Mar 25
17 Education & Technology Group Inc. Announces Resignation of Qin Wen as Director and Chief Operating Officer Mr. Qin Wen has resigned as a director and Chief Operating Officer of 17 Education & Technology Group Inc. due to personal reasons, effective March 21, 2025. Mr. Wen’s resignation did not result from any disagreement with the Company. Following Mr. Wen’s departure, the remaining six (6) directors, including three (3) independent directors, will continue their services to the board of directors of the Company. Announcement • Mar 18
17 Education & Technology Group Inc. to Report Q4, 2024 Results on Mar 25, 2025 17 Education & Technology Group Inc. announced that they will report Q4, 2024 results Pre-Market on Mar 25, 2025 Reported Earnings • Dec 12
Third quarter 2024 earnings released: CN¥2.24 loss per share (vs CN¥8.36 loss in 3Q 2023) Third quarter 2024 results: CN¥2.24 loss per share (improved from CN¥8.36 loss in 3Q 2023). Revenue: CN¥59.6m (up 32% from 3Q 2023). Net loss: CN¥17.4m (loss narrowed 76% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Announcement • Dec 05
17 Education & Technology Group Inc. to Report Q3, 2024 Results on Dec 11, 2024 17 Education & Technology Group Inc. announced that they will report Q3, 2024 results After-Market on Dec 11, 2024 New Risk • Nov 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.14m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (US$9.14m market cap). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Reported Earnings • Sep 06
Second quarter 2024 earnings released: CN¥7.18 loss per share (vs CN¥5.01 loss in 2Q 2023) Second quarter 2024 results: CN¥7.18 loss per share (further deteriorated from CN¥5.01 loss in 2Q 2023). Revenue: CN¥67.5m (down 2.5% from 2Q 2023). Net loss: CN¥55.7m (loss widened 16% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has fallen by 56% per year, which means it is significantly lagging earnings. Announcement • Sep 05
17 Education & Technology Group Inc. (NasdaqGS:YQ) announces an Equity Buyback for $10 million worth of its shares. 17 Education & Technology Group Inc. (NasdaqGS:YQ) announces a share repurchase program. Under the program, the company will repurchase up to $10 million worth of ordinary shares (including in the form of American depositary shares). The Company expects to fund the repurchases out of its existing cash balance. The program is valid for 12 months. Announcement • Aug 29
17 Education & Technology Group Inc. to Report Q2, 2024 Results on Sep 04, 2024 17 Education & Technology Group Inc. announced that they will report Q2, 2024 results After-Market on Sep 04, 2024 Reported Earnings • Jun 07
First quarter 2024 earnings released: CN¥7.23 loss per share (vs CN¥9.51 loss in 1Q 2023) First quarter 2024 results: CN¥7.23 loss per share (improved from CN¥9.51 loss in 1Q 2023). Revenue: CN¥25.5m (up 175% from 1Q 2023). Net loss: CN¥56.1m (loss narrowed 39% from 1Q 2023). Announcement • May 31
17 Education & Technology Group Inc. to Report Q1, 2024 Results on Jun 05, 2024 17 Education & Technology Group Inc. announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on Jun 05, 2024 Board Change • May 03
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Minghui Wu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 22
Full year 2023 earnings released: CN¥33.99 loss per share (vs CN¥17.69 loss in FY 2022) Full year 2023 results: CN¥33.99 loss per share (further deteriorated from CN¥17.69 loss in FY 2022). Revenue: CN¥171.0m (down 68% from FY 2022). Net loss: CN¥311.8m (loss widened 75% from FY 2022). Announcement • Mar 16
17 Education & Technology Group Inc. to Report Q4, 2023 Results on Mar 20, 2024 17 Education & Technology Group Inc. announced that they will report Q4, 2023 results After-Market on Mar 20, 2024 New Risk • Jan 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risk Market cap is less than US$100m (US$27.6m market cap). Announcement • Jan 06
17 Education & Technology Regains Compliance with Nasdaq’s Minimum Bid Price Requirement 17 Education & Technology Group Inc. (‘17EdTech’ or the ‘Company’) announced that it received a notification letter (the ‘Compliance Notice’) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (‘Nasdaq’) dated January 4, 2024, indicating that the Company has regained compliance with the Nasdaq Listing Rule 5450(a)(1) (the ‘Minimum Bid Price Requirement’) and the matter is closed. On August 3, 2023, 17EdTech received a notification letter (the ‘Deficiency Notice’) from the Nasdaq indicating that the closing bid price for the Company’s American depositary shares (‘ADSs’) was below the minimum bid price of $1.00 required for continued listing under Nasdaq Listing Rule 5450(a)(1) for 30 consecutive business days. According to the Deficiency Notice, if at any time during the 180 day compliance period, the closing bid price of the Company’s security is at least $1.00 for a minimum of ten consecutive business days, Nasdaq will provide the Company written confirmation of compliance and the matter will be closed. In order to regain compliance with the Minimum Bid Price Requirement, the Company changed the ratio of its ADSs representing its Class A ordinary shares from one (1) ADS representing (10) Class A ordinary shares to one (1) ADS representing fifty (50) Class A ordinary shares. The change became effective on December 18, 2023. According to the Compliance Notice, the closing bid price of the Company’s ADSs has been at $1.00 per ADS or greater for 11 consecutive business days from December 18, 2023 through January 3, 2024, and the Company has regained compliance with the Minimum Bid Price Requirement and the matter is closed. New Risk • Dec 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (US$24.6m market cap). Reported Earnings • Dec 07
Third quarter 2023 earnings released: CN¥1.67 loss per share (vs CN¥2.10 loss in 3Q 2022) Third quarter 2023 results: CN¥1.67 loss per share (improved from CN¥2.10 loss in 3Q 2022). Revenue: CN¥45.1m (up 14% from 3Q 2022). Net loss: CN¥72.9m (loss narrowed 29% from 3Q 2022). Announcement • Dec 01
17 Education & Technology Group Inc. to Report Q3, 2023 Results on Dec 06, 2023 17 Education & Technology Group Inc. announced that they will report Q3, 2023 results After-Market on Dec 06, 2023 Announcement • Sep 23
17 Education & Technology Group Inc. (NasdaqGS:YQ) announces an Equity Buyback for $10 million worth of its shares. 17 Education & Technology Group Inc. (NasdaqGS:YQ) announces a share repurchase program. Under the program, the company will repurchase up to $10 million worth of ordinary shares (including in the form of American depositary shares). The Company expects to fund the repurchases out of its existing cash balance. The program is valid for 12 months. New Risk • Aug 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CN¥467m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-CN¥467m free cash flow). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$40.6m market cap). Announcement • Aug 24
17 Education & Technology Group Inc. to Report Q2, 2023 Results on Aug 28, 2023 17 Education & Technology Group Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 28, 2023 Reported Earnings • Jun 16
First quarter 2023 earnings released: CN¥1.90 loss per share (vs CN¥0.49 loss in 1Q 2022) First quarter 2023 results: CN¥1.90 loss per share (further deteriorated from CN¥0.49 loss in 1Q 2022). Revenue: CN¥9.27m (down 96% from 1Q 2022). Net loss: CN¥92.5m (loss widened 274% from 1Q 2022). Announcement • Jun 09
17 Education & Technology Group Inc. to Report Q1, 2023 Results on Jun 14, 2023 17 Education & Technology Group Inc. announced that they will report Q1, 2023 results at 4:00 PM, US Eastern Standard Time on Jun 14, 2023 Reported Earnings • Mar 29
Full year 2022 earnings released: CN¥3.54 loss per share (vs CN¥29.19 loss in FY 2021) Full year 2022 results: CN¥3.54 loss per share (improved from CN¥29.19 loss in FY 2021). Revenue: CN¥531.1m (down 76% from FY 2021). Net loss: CN¥177.9m (loss narrowed 88% from FY 2021). Board Change • Mar 07
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Founder, Chairman & CEO Andy Liu is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Dec 08
17 Education & Technology Group Inc. Not Providing Earnings Guidance for 2022 Due to COVID-19 17 Education & Technology Group Inc. announced that the COVID-19 outbreaks across China have led to uncertainties and potential delays in the government procurement processes and unpredictable timetables in relation to project delivery which thus impacted revenue recognition. It also brought uncertainties to consumer sentiment and local government budgeting. These situations had significantly affected the Company’s ability to provide accurate business forecast, especially when new businesses are still in the early stage of development. The Company has hence decided not to provide revenue guidance going forward. Announcement • Dec 03
17 Education & Technology Group Inc. to Report Q3, 2022 Results on Dec 07, 2022 17 Education & Technology Group Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Dec 07, 2022 Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Founder, Chairman & CEO Andy Liu is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Sep 30
17 Education & Technology Group Inc. (NasdaqGS:YQ) announces an Equity Buyback for $10 million worth of its shares. 17 Education & Technology Group Inc. (NasdaqGS:YQ) announces a share repurchase program. Under the program, the company will repurchase up to $10 million worth of ordinary shares (including in the form of American depositary shares). The Company expects to fund the repurchases out of its working capital. The program is valid for 12 months. Announcement • Sep 16
17 Education & Technology Group Inc. Announces Investors Last Days to Actively Participate in the Class Action Lawsuit; September 19, 2022 The Portnoy Law Firm advises 17 Education & Technology Group Inc. investors that a class action has been filed on behalf of investors. 17EdTech investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses. The filed complaint alleges that defendants made false statements and/or concealed that: (1) 17EdTech's K-12 Academic AST Services would end less than a year after the Company's initial public offering; (2) as part of its ongoing regulatory efforts, Chinese authorities would imminently curtail and/or end 17EdTech's core business; and (3) as a result, defendants' statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. Reported Earnings • Sep 15
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: CN¥133.5m (down 80% from 2Q 2021). Net loss: CN¥26.4m (loss narrowed 90% from 2Q 2021). Announcement • Sep 14
17 Education & Technology Group Inc. Provides Revenue Guidance for the Third Quarter of 2022 17 Education & Technology Group Inc. provided revenue guidance for the third quarter of 2022. For the quarter, the company expected total net revenues to be between RMB 120 million and RMB 140 million. Announcement • Sep 07
17 Education & Technology Group Inc. to Report Q2, 2022 Results on Sep 13, 2022 17 Education & Technology Group Inc. announced that they will report Q2, 2022 results After-Market on Sep 13, 2022 Announcement • Aug 26
Levi & Korsinsky Notifies 17 Education & Technology Group Inc. Investors of a Class Action Lawsuit Levi & Korsinsky, LLP notified investors in 17 Education & Technology Group Inc. of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of 17EdTech investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons or entities who purchased or otherwise acquired publicly traded 17EdTech securities pursuant and/or traceable to the registration statement and related prospectus issued in connection with 17EdTech's December 2020 initial public offering. CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) 17EdTech's K-12 Academic AST Services would end less than a year after the Company's initial public offering; (2) as part of its ongoing regulatory efforts, Chinese authorities would imminently curtail and/or end 17EdTech's core business; and (3) as a result, defendants' statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. Announcement • Jul 30
17 Education & Technology Group Inc. Announces Resignation of Mr. Tuck Lye Koh as Director Mr. Tuck Lye Koh has resigned as a director of 17 Education & Technology Group Inc. (the “Company”) due to personal reasons, effective July 29, 2022. Mr. Koh’s resignation did not result from any disagreement with the Company. Following Mr. Koh’s departure, the remaining six (6) directors, including three (3) independent directors, will continue their services to the board of directors of the Company. Announcement • Jul 20
Rosen Law Firm Files Securities Class Action Lawsuit Against 17 Education & Technology Group Inc Rosen Law Firm announced that it has filed a class action lawsuit on behalf of purchasers of the securities of 17 Education & Technology Group Inc. pursuant and/or traceable to the registration statement and related prospectus (collectively, the “Registration Statement”) issued in connection with 17EdTech’s December 2020 initial public offering. The lawsuit seeks to recover damages for 17EdTech investors under the federal securities laws.According to the lawsuit, the Registration Statement featured false and/or misleading statements and/or failed to disclose that: (1) Defendant 17EdTech’s K-12 Academic AST Services would end less than a year after the IPO; (2) as part of its ongoing regulatory efforts, Chinese authorities would imminently curtail and/or end 17EdTech’s core business; and (3) as a result, Defendants’ statements about the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. Reported Earnings • Jun 10
First quarter 2022 earnings released First quarter 2022 results: Revenue: CN¥233.4m (down 51% from 1Q 2021). Net loss: CN¥24.8m (loss narrowed 96% from 1Q 2021). Announcement • Jun 10
17 Education & Technology Group Inc. Provides Earnings Guidance for the Second Quarter of 2022 17 Education & Technology Group Inc. provided earnings guidance for the second quarter of 2022. For the period, the company expects total net revenues to be between RMB 100 million and RMB 120 million. The estimated total net revenues for the second quarter of 2022 are derived entirely from the ongoing businesses after the Company's business transformation and, as mentioned above, do not include revenues from the legacy online K-12 tutoring services. This estimated range represents a significant increase year-over-year when compared with the relatively small base of the net revenue generated from non-online K-12 tutoring services for the second quarter of 2021. Announcement • Jun 03
17 Education & Technology Group Inc. to Report Q1, 2022 Results on Jun 09, 2022 17 Education & Technology Group Inc. announced that they will report Q1, 2022 results After-Market on Jun 09, 2022 Reported Earnings • May 03
Full year 2021 earnings released: CN¥29.19 loss per share (vs CN¥447 loss in FY 2020) Full year 2021 results: CN¥29.19 loss per share (up from CN¥447 loss in FY 2020). Revenue: CN¥2.18b (up 69% from FY 2020). Net loss: CN¥1.44b (loss narrowed 66% from FY 2020). Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Minghui Wu was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Mar 11
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: CN¥29.19 loss per share (up from CN¥447 loss in FY 2020). Revenue: CN¥2.18b (up 69% from FY 2020). Net loss: CN¥1.44b (loss narrowed 66% from FY 2020). Revenue was in line with analyst estimates. Announcement • Mar 06
17 Education & Technology Group Inc. to Report Q4, 2021 Results on Mar 08, 2022 17 Education & Technology Group Inc. announced that they will report Q4, 2021 results After-Market on Mar 08, 2022 Reported Earnings • Jan 19
Third quarter 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2021 results: CN¥9.88 loss per share (up from CN¥520 loss in 3Q 2020). Revenue: CN¥496.8m (up 62% from 3Q 2020). Net loss: CN¥489.9m (loss narrowed 87% from 3Q 2020). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 312%. Earnings per share (EPS) surpassed analyst estimates by 312%. Board Change • Dec 24
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Minghui Wu was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Sep 24
17 Education & Technology Group Inc. Decides Not to Issue Guidance in the Near Term 17 Education & Technology Group Inc. announced that due to the uncertainty related to the recent regulatory and operating environment, the company decides not to issue guidance in the near term in order to give the management more flexibility to focus on the operations and transformation. Major Estimate Revision • Jun 01
Consensus EPS estimates fall to -CN¥8.24 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from CN¥2.94b to CN¥2.85b. Losses expected to increase from -CN¥7.14 to -CN¥8.24. Consumer Services industry in the US expected to see average net income growth of 38% next year. Consensus price target down from US$18.56 to US$16.45. Share price rose 10.0% to US$4.86 over the past week. Reported Earnings • May 27
First quarter 2021 earnings released: CN¥3.43 loss per share (vs CN¥15.06 loss in 1Q 2020) The company reported a solid first quarter result with improved revenues and control over costs, although losses increased. First quarter 2021 results: Revenue: CN¥474.2m (up 107% from 1Q 2020). Net loss: CN¥659.7m (loss widened 89% from 1Q 2020). Announcement • May 25
17 Education & Technology Group Inc. Provides Financial Guidance for the Second Quarter of 2021 17 Education & Technology Group Inc. provided financial guidance for the second quarter of 2021. Based on management’s current estimates, total revenues for the second quarter of 2021 are expected to be between RMB 640.0 million and RMB 660.0 million, representing a year-over-year increase of 135.8% to 143.2% from the second quarter of 2020. Reported Earnings • Apr 11
Full year 2020 earnings released: CN¥112 loss per share (vs CN¥68.12 loss in FY 2019) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2020 results: Revenue: CN¥1.29b (up 219% from FY 2019). Net loss: CN¥4.18b (loss widened 167% from FY 2019). Reported Earnings • Mar 11
Full year 2020 earnings released: CN¥112 loss per share (vs CN¥68.12 loss in FY 2019) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2020 results: Revenue: CN¥1.29b (up 219% from FY 2019). Net loss: CN¥4.18b (loss widened 167% from FY 2019). Is New 90 Day High Low • Mar 11
New 90-day low: US$10.96 The company is down 37% from its price of US$17.30 on 10 December 2020. The American market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Services industry, which is flat over the same period. Analyst Estimate Surprise Post Earnings • Mar 11
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 0.7%. Earnings per share (EPS) also surpassed analyst estimates by 312%. Over the next year, revenue is forecast to grow 130%, compared to a 36% growth forecast for the Consumer Services industry in the US.