17 Education & Technology (YQ) Reports Q4 Net Income of $2.7M

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Go back to 17 Education & Technology (YQ) Reports Q4 Net Income of $2.7M

17 Education & Technology Group Inc. Announces Fourth Quarter and Fiscal Year 2021 Unaudited Financial Results

March 8, 2022 5:00 PM EST

BEIJING, March 08, 2022 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ: YQ) (17EdTech or the Company), an education technology company in China, today announced its unaudited financial results for the fourth quarter and the year ended December 31, 2021.

The General Office of the CPC Central Committee and the General Office of the State Council published the Opinions on Further Alleviating the Burden of Homework and After-School Tutoring on Students in Compulsory Education in July 2021 (the "Opinion"), also known as the double reduction policy (the Double Reduction Policy), and competent authorities promulgated the related implementation rules, regulations... More