Investment Highlights

Q1 FY2024 Financial Results Update: QuantaSing Group unveiled its unaudited financial results for the first quarter of fiscal year 2024, marking a period of significant growth and strategic expansion. The company's revenue for this quarter soared to RMB869.1 million (US$119.1 million), a robust 31.8% increase from the same period last year. This growth was primarily fueled by a increase in revenues from other personal interest courses, which offset a decline in revenues from financial literacy courses. The company also saw a rise in revenues from live e-commerce, a new business endeavor, contributing to its diversified revenue streams. During this quarter, QuantaSing reported a net income of RMB66.7 million (US$9.1 million), a remarkable recovery from the net loss of RMB97.3 million in the first quarter of the previous fiscal year. This financial turnaround is further reflected in the adjusted net income of RMB94.0 million (US$12.9 million), compared to an adjusted net loss in the same quarter of the previous year. The company's cash and cash equivalents and short-term investments totaled RMB879.9 million (US$120.6 million) as of September 30, 2023. QuantaSing has provided guidance for revenues in the range of RMB920.0 million to RMB950.0 million for the second quarter of FY 2024, projecting a year-over-year increase of 17.0% to 20.8%.