GOTU — Gaotu Techedu Income Statement

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Annual income statement for Gaotu Techedu, fiscal year end - December 31st, CNY millions except per share, conversion factor applied.

	2020 December 31st	2021 December 31st	2022 December 31st	2023 December 31st	2024 December 31st
Period Length:	12 M	12 M	12 M	12 M	12 M
Source:	20-F	20-F	20-F	20-F	20-F
Standards:	USG	USG	USG	USG	USG
Status:	Final	Final	Final	Final	Final
Revenue
Total Revenue	7,125	6,562	2,498	2,961	4,554
Cost of Revenue
Gross Profit	5,362	4,164	1,797	2,171	3,099
Selling / General / Administrative Expenses
Research And Development
Unusual Expense / Income
Total Operating Expenses	8,623	9,742	2,616	3,110	5,735
Operating Profit	-1,499	-3,180	-118	-149	-1,182
Total Net Non Operating Interest Income / Expense
Other Net Non Operating Costs
Net Income Before Taxes	-1,428	-3,062	-2.53	12.5	-1,040
Provision for Income Taxes
Net Income After Taxes	-1,393	-3,103	13.2	1.87	-1,049
Equity in Affiliates
Net Income Before Extraordinary Items
Net Income	-1,393	-3,103	13.2	-7.3	-1,049
Adjustments to Net Income
Income Available to Common Shareholders Excluding Extraordinary Items
Income Available to Common Shareholders Including Extraordinary Items
Diluted Net Income	-1,393	-3,103	13.2	-7.3	-1,049
Diluted Weighted Average Shares
Basic EPS Including Extraordinary Items
Diluted EPS Including Extraordinary Items
Diluted EPS Excluding Extraordinary Items
Normalised Income Before Taxes
Normalised Income After Taxes
Normalised Income Available to Common Shareholders
Diluted Normalised EPS	-9.76	-17.2	0.075	-0.042	-6.12