China's 17 Education Q2 revenue drops 62.4%, gross margin improves

Reuters

Sep 04

China's 17 Education <a href="https://laohu8.com/S/QTWO">Q2</a> revenue drops 62.4%, gross margin improves

Overview

17 Education Q2 revenue falls 62.4% yr/yr to RMB 25.4 mln ($3.5 mln) amid shift to school projects
Q2 gross margin rises to 57.5%
Announces US$10 mln share repurchase program

Outlook

17EdTech did not provide specific financial guidance
Company emphasizes cost control and operational efficiency
17EdTech leverages subscription model for sustainable growth

Result Drivers

REVENUE SHIFT - Revenue decline due to focus on school-based projects requiring longer revenue recognition periods
GROSS MARGIN IMPROVEMENT - Gross margin rose to 57.5% from 16.0% in Q2 2024, attributed to cost efficiency and project mix changes
COST CONTROL - Reduction in operating expenses driven by efficiency improvements and staff optimization

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 Revenue		RMB 25.40 mln
Q2 Net Income		-RMB 26 mln
Q2 Gross Margin		57.5%
Q2 Gross Profit		RMB 14.60 mln
Q2 Income from Operations		-RMB 28.50 mln

Press Release: ID:nGNX4ZGNpf

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"YQ","symbol_name":"一起教育科技","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250903:nPLX8D19AB:1","article_id":"2564314150","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2564314150","pubTimestamp":1756933882,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"China's 17 Education Q2 revenue drops 62.4%, gross margin improvesOverview17 Education Q2 revenue falls 62.4% yr/yr to RMB 25.4 mln ($3.5 mln) amid shift to school projectsQ2 gross margin rises to 57.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"YQ":"一起教育科技"},"translate_title":"中国17教育Q2营收降62.4%毛利率改善","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"YQ":0.9},"content_text":"China's 17 Education Q2 revenue drops 62.4%, gross margin improvesOverview17 Education Q2 revenue falls 62.4% yr/yr to RMB 25.4 mln ($3.5 mln) amid shift to school projectsQ2 gross margin rises to 57.5%Announces US$10 mln share repurchase programOutlook17EdTech did not provide specific financial guidanceCompany emphasizes cost control and operational efficiency17EdTech leverages subscription model for sustainable growthResult DriversREVENUE SHIFT - Revenue decline due to focus on school-based projects requiring longer revenue recognition periodsGROSS MARGIN IMPROVEMENT - Gross margin rose to 57.5% from 16.0% in Q2 2024, attributed to cost efficiency and project mix changesCOST CONTROL - Reduction in operating expenses driven by efficiency improvements and staff optimizationKey DetailsMetricBeat/MissActualConsensus EstimateQ2 RevenueRMB 25.40 mlnQ2 Net Income-RMB 26 mlnQ2 Gross Margin57.5%Q2 Gross ProfitRMB 14.60 mlnQ2 Income from Operations-RMB 28.50 mlnPress Release: ID:nGNX4ZGNpf(This story was created using Reuters automation and AI based on LSEG and company data. 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