China Online Education Group Powered Industry to Witness Sustainable Growth by 2021
News provided by
Share this article
Share this article
BEIJING, May 18, 2021 /PRNewswire/ 51Talk (China Online Education Group,NYSE: COE), China s leading online education platform, was in the spotlight these days as it announced it has achieved its 6th consecutive quarterly earnings, following the release of its unaudited financial results for the first quarter of 2021 on May 17, 2021.
Founded in 2011, 51Talk registered a non-GAAP net income of RMB 16.8 million and GAAP net income RMB 8 million respectively.
The 10-year-old company s first quarter net revenues sustained a growing momentum and increased 23.3 percent year-over-year to reach more than RMB 600 million. The gross margin was 73.4 percent, in comparison with 71.7 percent for the fourth quarter of 2020.
Guangzhou
Guangdong
China
Beijing
Shanghai
Chinese
Jack-huang-jiajia
China-online-education-group
Ipsos-group-on
Talk-china-online-education-group
Chinese-academy-of-sciences
Chief-executive-officer
China Online Education Group Announces First Quarter 2021 Results
First quarter active students increased by 37.0% year-over-year
First quarter GAAP and non-GAAP net income were RMB8.0 million and RMB16.8 million respectively
News provided by
Share this article
Share this article
BEIJING, May 17, 2021 /PRNewswire/ China Online Education Group ( 51Talk or the Company ) (NYSE:COE), a leading online education platform in China, with core expertise in English education, announced its unaudited financial results for the first quarter ended March 31, 2021.
First
Financial and Operating Highlights
Net revenues were RMB600.4 million (US$91.6 million), a 23.3% increase from RMB487.1 million for the first quarter of 2020.
Gross margin was 73.4%, compared with 70.4% for the first quarter of 2020.
China
New-york
United-states
Beijing
Philippines
Hong-kong
Filipino
Chinese
American
Jack-jiajia-huang
Exchange-rate-information
Federal-reserve-bank