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    CH Chan

    Research Analyst at CLSA

    Jeffrey CH Chan is an Equity Analyst at CLSA specializing in the coverage of Greater China technology stocks, including companies such as Meitu Inc. He has developed a reputation for deep sector knowledge and regularly provides insights for institutional investors following China's dynamic tech sector. Prior to joining CLSA, Chan has accumulated significant experience covering Chinese tech firms, though publicly available details about his full career timeline and specific performance metrics are limited. Chan holds professional analyst credentials necessary for institutional equity research, and is recognized for his expertise within the investment community.

    CH Chan's questions to Gaotu Techedu (GOTU) leadership

    CH Chan's questions to Gaotu Techedu (GOTU) leadership • Q2 2024

    Question

    CH Chan from CLSA requested more color on the Q3 revenue growth guidance, asking for a breakdown between online and offline businesses and by specific business segment.

    Answer

    CFO Nan Shen clarified why the Q3 revenue growth guidance (30.5%-53.0%) appears lower than the H1 gross billings growth (67.7%). She cited two factors: a calendar effect with one less weekend in September impacting revenue by ~5%, and special pricing for summer courses that boosted Q3 gross billings but defers the corresponding revenue recognition to Q4. She also confirmed that offline revenue is not yet significant enough to be disclosed separately.

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