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    Bose An

    Vice President and Equity Analyst at Huatai Securities

    Bose An is a Vice President and Equity Analyst at Huatai Securities, specializing in research coverage of leading Chinese technology and internet firms. He regularly covers companies such as Alibaba, Tencent, Meituan, and JD.com, providing investment recommendations that are tracked by major investment research platforms and noted for strong accuracy and actionable insight. With experience that includes prior research roles at international securities firms, Bose An joined Huatai Securities in the early 2020s and has established a track record of positively ranked stock calls and client recognition. He holds credentials in securities analysis, maintains relevant domestic regulatory qualifications, and is known for his in-depth sector reports and timely investment theses.

    Bose An's questions to Youdao (DAO) leadership

    Bose An's questions to Youdao (DAO) leadership • Q2 2025

    Question

    Bose An from Huatai Securities questioned whether the company would revise its target for achieving operating cash flow breakeven, given the Q2 decline.

    Answer

    VP of Finance Wayne Li affirmed that the annual target for operating cash flow breakeven remains unchanged. He attributed the Q2 decline to a business mix shift towards online marketing services, where cash collection lags profit recognition. He highlighted that significant H1 profitability improvements are expected to drive long-term cash flow enhancement.

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