On August 27th, Gaotu Education Technology Group Co., Ltd. (NYSE: GOTU) released its unaudited financial results for the second quarter of 2024, following four consecutive quarters of losses and a 144% increase in operating expenses. Performance shows that Gaotu's revenue in the second quarter was 1.098 billion yuan, a year-on-year increase of 43.6%; The total cash received from selling course products was 1.6537 billion yuan, a year-on-year increase of 87.4%; The net loss was 429.6 million yuan, while the net profit for the same period last year was 56.2 million yuan; The net operating cash inflow was RMB 386.2 million, a year-on-year increase of 33.8%.