TCTM Kids IT Education Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CNY 545.01 million compared to CNY 648.82 million a year ago. Net income was CNY 7.53 million compared to CNY 47.73 million a year ago. Basic earnings per share from continuing operations was CNY 0.7 compared to CNY 4.35 a year ago. Diluted earnings per share from continuing operations was CNY 0.65 compared to CNY 4.3 a year ago.
For the six months, sales was CNY 930.12 million compared to CNY 1,272.32 million a year ago. Net loss was CNY 42.71 million compared to net income of CNY 74.29 million a year ago. Basic loss per share from continuing operations was CNY 3.95 compared to basic earnings per share from continuing operations of CNY 6.75 a year ago. Diluted loss per share from continuing operations was CNY 3.95 compared to diluted earnings per share from continuing operations of CNY 6.65 a year ago.