GSX (GSX) Discloses SEC Investigation
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GSX Announces Second Quarter 2020 Unaudited Financial Results
September 2, 2020 12:03 AM EDTBEIJING, Sept. 2, 2020 /PRNewswire/ -- GSX Techedu Inc. (NYSE: GSX) ("GSX" or the "Company"), a leading online K-12 large-class after-school tutoring service provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2020.
Second Quarter 2020 Highlights[1]
Net revenues was RMB1,650.3 million, a 366.6% year-over-year increase.-Â Net revenues of online K-12 courses increased 412.4% year-over-year to RMB1,385.0 million.Gross billings[2] was RMB2,401.0 million, a 300.6% year-over-year increase.-Â Gross billings of online K-12 courses increased 335.5% year-over-year to RMB2,196.1... More