On March 7th, Quantum Song released its unaudited financial performance for the second quarter of fiscal year 2024 as of December 31, 2023 ("2024 Q2" refers to the period from October 1, 2023 to December 31, 2023). The financial report shows that Quantum Song's operating revenue reached 980.5 million yuan, a year-on-year increase of 24.7%. The net profit was RMB 107.6 million, and the adjusted profit was RMB 103.9 million. The operating revenue and profit both exceeded 100 million yuan for the first time. Among them, personal online learning service revenue increased by 24.1% year-on-year, reaching 873.6 million yuan; The revenue of other businesses increased by 493 times year-on-year, reaching approximately RMB 49.3 million. As of December 31, 2023, the cumulative registered users of Quantum Song reached 112.4 million.
Li Peng, founder and chairman of Quantum Song Group, said, "Our strategic initiatives in expanding and enriching course content have been successful. We have always been committed to meeting the learning needs of the general public and helping them improve their personal qualities. We also pay special attention to the growing spiritual and cultural needs of the middle-aged and elderly population, and are committed to creating a fulfilling and meaningful life for them. In addition to continuously promoting income growth and optimizing cost efficiency, we are actively seeking new measures to help expand our business and achieve business diversification."