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Income Statement (CNY)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 1B | 5.8% |
| Gross Profit | 859M | 7.4% |
| Cost of Revenue | 141M | 3.2% |
| Operating expense | 609M | 24.3% |
| Net Income | 197M | 1243.9% |
| EBITDA | 249M | 4965% |
Balance Sheet (CNY)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.43B | 4.1% |
| Total Liabilities | 910M | 18.8% |
| Total Equity | 516M | 40.3% |
| Shares Outstanding | 56M | 2.3% |
Cash Flow (CNY)
| Q2 '24 | QoQ |
|---|
Financial Highlights for QuantaSing Group in Q2 '24
QuantaSing Group reported a revenue of 1B, which is a 5.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 859M, marking a 7.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 141M, a -3.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 609M, showing a -24.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 197M, showing a 1243.9% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 249M, showing a 4965% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for QuantaSing Group with growth in revenue, gross profit, and net income.
