Gaotu Techedu Inc., a leading technology-driven education company in China, reported its unaudited financial results for the second quarter of 2025. The company saw a significant increase in net revenues, which rose by 37.6% to RMB1,389.4 million from RMB1,009.8 million in the same period of 2024. This growth was driven by a 36.2% increase in gross billings, which reached RMB2,252.4 million compared to RMB1,653.7 million the previous year. The company also reported a reduction in its loss from operations, which decreased to RMB241.9 million from RMB464.8 million in the second quarter of 2024. Despite the losses, Gaotu Techedu achieved a net operating cash inflow of RMB588.8 million, an increase of RMB202.6 million from the same period last year. The company's CFO, Shannon Shen, highlighted that net revenues surpassed the upper end of their guidance by 5.4%, and the growth rate of gross billings outpaced the previous quarter by 14.4 percentage points. Gaotu Techedu's customer acquisition efficiency reached its best level in the past four years, and G&A and R&D expenses decreased year-over-year for the second consecutive quarter as a percentage of net revenues. The company maintained a strong cash position, with cash, cash equivalents, restricted cash, and short-term and long-term investments totaling RMB3.8 billion as of June 30, 2025. Excluding the impact of share buybacks, their cash position increased by RMB135.6 million compared to one year ago. Gaotu Techedu remains committed to enhancing user experience, course and service quality, and organizational capabilities, which continues to improve its core business profitability and operational quality.