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GSX Announces Fourth Quarter and Fiscal Year 2020 Unaudited Financial Results News provided by Share this article Share this article BEIJING, March 5, 2021 /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 fourth quarter and fiscal year ended December 31, 2020. Fourth Quarter 2020 Highlights - Net revenues of online K-12 courses increased 155.6% year-over-year to RMB1,975.2 million. Gross billings - Paid course enrollments - Paid course enrollments of online K-12 increased 112.8% year-over-year to 2,139 thousand. Net loss was RMB627.0 million, compared with net income of RMB174.5 million in the same period of 2019.

Hong kongShannon shenAndrew mclleodLinda bergkampSandy qinLarry xiangdong chenExchange commissionTechedu incExchange rateMonths ended decemberYear ended decemberXiangdong chenFourth quarterRealized gainsDiluted net lossCash equivalents