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.

	2019 December 31st	2020 December 31st	2021 December 31st	2022 December 31st	2023 December 31st
Period Length:	12 M	12 M	12 M	12 M	12 M
Source:	20-F	20-F	20-F	20-F	6-K
Standards:	USG	USG	USG	USG	—
Status:	Final	Final	Final	Final	Final
Revenue
Total Revenue	2,115	7,125	6,562	2,498	2,961
Cost of Revenue
Gross Profit	1,579	5,362	4,164	1,797	2,171
Selling / General / Administrative Expenses
Research And Development
Unusual Expense / Income
Total Operating Expenses	1,899	8,623	9,742	2,616	3,110
Operating Profit	216	-1,499	-3,180	-118	-149
Total Net Non Operating Interest Income / Expense
Other Net Non Operating Costs
Net Income Before Taxes	242	-1,428	-3,062	-2.53	12.5
Provision for Income Taxes
Net Income After Taxes	225	-1,393	-3,103	13.2	1.87
Equity in Affiliates
Net Income Before Extraordinary Items
Net Income	227	-1,393	-3,103	13.2	-7.3
Adjustments to Net Income
Income Available to Common Shareholders Excluding Extraordinary Items
Income Available to Common Shareholders Including Extraordinary Items
Diluted Net Income	188	-1,393	-3,103	13.2	-7.3
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	1.35	-9.76	-17.2	0.075	-0.042