$2.600
-0.133 (-5.11%)Al cierre
Noticias de YQ
Eventos de YQ
17 Education & Technology Group Approves $10M Share Repurchase Program
17 Education & Technology Group announced that the board of directors of the Company has approved a share repurchase program whereby the Company is authorized to repurchase up to $10M worth of its ordinary shares during a 12-month period starting from September 3, 2026.
17 Education & Technology Appoints Sishi Zhou as CFO
17 Education & Technology announced that Ms. Sishi Zhou has been appointed as the CFO of the company, effective immediately. Sishi Zhou joined the company in December 2020 and was appointed as the Company's Acting Chief Financial Officer in June 2025. Prior to joining the company, Zhou held multiple advisory positions in strategic finance at Shell plc China, and served as Senior Finance Manager in multiple organizations as well as Senior Auditor at PwC Zhong Tian CPAs LLP.
17 Education & Technology Reports Q2 Net Profit of RMB 14.6 Million, Up from RMB 10.8 Million Last Year
Reports Q2 revenue RMB25.4M, down 62.4% y/y. Q2 revenue decrease "was mainly due to the reduction in net revenues from district-level projects as we prioritize our resources on school-based project which requires longer period of revenue recognition." Mr. Andy Liu, CEO, commented, "During the quarter, the company advanced its business by continuously optimizing and innovating AI technology across our product portfolios to constantly enhance customer satisfaction and user engagement. We launched the "Yiqi Tongxue" (Together Classmates) intelligent agent, and successfully upgraded AI solutions in Shanghai Minhang District. Leveraging our strong brand endorsements and customer loyalty from our district projects and subscription model, as well as capitalizing on the emerging market opportunities and evolving customer needs, we will continuously strive to explore product innovation and new growth opportunities to extend our reach to a broader customer base, so that we can drive sustainable growth."
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