{"id":9545,"date":"2022-05-17T10:00:00","date_gmt":"2022-05-17T10:00:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3760057_CN60057_0"},"modified":"2022-05-17T10:00:00","modified_gmt":"2022-05-17T10:00:00","slug":"tarena-international-inc-announces-the-results-for-the-first-quarter-of-2022","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=9545","title":{"rendered":"Tarena International, Inc. Announces the Results for the First Quarter of 2022"},"content":{"rendered":"<div id=\"dvContent\" readability=\"372.87114395887\">\n<p><span class=\"xn-location\">BEIJING<\/span>, <span class=\"xn-chron\">May 17, 2022<\/span> \/PRNewswire\/ &#8212;&nbsp;Tarena International, Inc. (NASDAQ: TEDU) (&#8220;Tarena&#8221; or the &#8220;Company&#8221;), a leading provider of adult professional education and childhood &amp; adolescent quality education services in <span class=\"xn-location\">China<\/span>, today announced its unaudited financial results for the&nbsp;first quarter ended <span class=\"xn-chron\">March 31, 2022<\/span>.<\/p>\n<p><b>First Quarter 2022 <\/b><b>Highlights<\/b><\/p>\n<ul type=\"disc\">\n<li>Net revenues increased by 16.8% year-over-year to <span class=\"xn-money\">RMB623.5 million<\/span> (<span class=\"xn-money\">US$98.4 million<\/span>), from <span class=\"xn-money\">RMB533.8 million<\/span> in the same period of 2021. <\/li>\n<li>Net revenue from childhood &amp; adolescent quality education business, which represented 56.8% of the total net revenues, increased by 27.2% year-over-year to <span class=\"xn-money\">RMB353.9 million<\/span> (<span class=\"xn-money\">US$55.8 million<\/span>), from <span class=\"xn-money\">RMB278.3 million<\/span> in the same period of 2021. <\/li>\n<li>Net revenue from adult professional education business, which represented 43.2% of the total net revenues, increased by 5.5% year-over-year to <span class=\"xn-money\">RMB269.6 million<\/span> (<span class=\"xn-money\">US$42.5 million<\/span>), from <span class=\"xn-money\">RMB255.5 million<\/span> in the same period of 2021. <\/li>\n<li>Gross profit increased by 43.6% year-over-year to <span class=\"xn-money\">RMB358.9 million<\/span> (<span class=\"xn-money\">US$56.6 million<\/span>), from <span class=\"xn-money\">RMB249.9 million<\/span> in the same period of 2021. <\/li>\n<li>Gross profit margin increased by 10.8% points year-over-year to 57.6%, from 46.8% in the same period of 2021. <\/li>\n<li>Operating income was <span class=\"xn-money\">RMB28.6 million<\/span> (<span class=\"xn-money\">US$4.5 million<\/span>), compared to operating loss of <span class=\"xn-money\">RMB129.5 million<\/span> in the same period of 2021. Operating margin improved year-over-year to 4.6% from -24.3% in the same period of 2021. <\/li>\n<li>Non-GAAP operating income, which excluded share-based compensation expenses, was <span class=\"xn-money\">RMB30.0 million<\/span> (<span class=\"xn-money\">US$4.7 million<\/span>), compared to non-GAAP operating loss of <span class=\"xn-money\">RMB122.6 million<\/span> in the same period of 2021. &nbsp; <\/li>\n<li>Income tax expense was <span class=\"xn-money\">RMB5.4 million<\/span> (<span class=\"xn-money\">US$0.9 million<\/span>), compared to income tax benefit of <span class=\"xn-money\">RMB7.4 million<\/span> in the same period of 2021. <\/li>\n<li>Net income was <span class=\"xn-money\">RMB27.1 million<\/span> (<span class=\"xn-money\">US$4.3 million<\/span>), compared to net loss of <span class=\"xn-money\">RMB121.9 million<\/span> in the same period of 2021. <\/li>\n<li>Non-GAAP net income, which excluded share-based compensation expenses, was <span class=\"xn-money\">RMB28.5 million<\/span> (<span class=\"xn-money\">US$4.5 million<\/span>), compared to non-GAAP net loss of <span class=\"xn-money\">RMB115.0 million<\/span> in the same period of 2021. <\/li>\n<li>Basic income per&nbsp;ordinary&nbsp;share was <span class=\"xn-money\">RMB0.48<\/span> <span class=\"xn-money\">(US$0.08)<\/span>, compared to loss per&nbsp;ordinary&nbsp;share of <span class=\"xn-money\">RMB2.17<\/span> in the first quarter of 2021. Diluted income per&nbsp;ordinary&nbsp;share was <span class=\"xn-money\">RMB0.47<\/span> <span class=\"xn-money\">(US$0.07)<\/span>, compared to loss per&nbsp;ordinary&nbsp;share of <span class=\"xn-money\">RMB2.17<\/span> in the first quarter of 2021. <\/li>\n<li>Cash, cash equivalents and time deposits, including current and non-current, and restricted cash totaled <span class=\"xn-money\">RMB416.4 million<\/span> (<span class=\"xn-money\">US$65.7 million<\/span>) as of <span class=\"xn-chron\">March 31, 2022<\/span>, compared to <span class=\"xn-money\">RMB430.4 million<\/span> as of <span class=\"xn-chron\">December 31, 2021<\/span>. <\/li>\n<li>Net cash outflow from operating activities in the first quarter of 2022 was <span class=\"xn-money\">RMB18.9 million<\/span> (<span class=\"xn-money\">US$3.0 million<\/span>). Capital expenditures in the first quarter of 2022 were <span class=\"xn-money\">RMB10.6 million<\/span> (<span class=\"xn-money\">US$1.7 million<\/span>). <\/li>\n<li>Deferred revenue totaled <span class=\"xn-money\">RMB1,974.2 million<\/span> (<span class=\"xn-money\">US$311.4 million<\/span>) as of <span class=\"xn-chron\">March 31, 2022<\/span>, compared to <span class=\"xn-money\">RMB2,024.9 million<\/span> as of <span class=\"xn-chron\">December 31, 2021<\/span>, representing a decrease of 2.5%. <\/li>\n<li>Total student enrollments in childhood &amp; adolescent quality education business, defined as the total number of students who attended at least one paid lesson during that period or have deposit balances in their accounts at the end of that period, in the first quarter of 2022 reached 173,100, increased by 27.7%, compared to the student enrollments of 135,500 in the same period of 2021. <\/li>\n<li>Total number of learning centers in childhood &amp; adolescent quality education decreased to 232 as of <span class=\"xn-chron\">March 31, 2022<\/span>, from 236 as of <span class=\"xn-chron\">March 31, 2021<\/span>. <\/li>\n<li>Total student enrollments in adult professional education business, defined as the total number of courses enrolled by students during that period, including multiple courses enrolled by the same student, in the first quarter of 2022 decreased by 5.5% year-over-year to 29,300. <\/li>\n<li>Total number of learning centers in adult professional education increased to 99 as of <span class=\"xn-chron\">March 31, 2022<\/span>, from 96 as of <span class=\"xn-chron\">March 31, 2021<\/span>.<\/li>\n<\/ul>\n<p><b>Key Financial Results<\/b><\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody readability=\"7\">\n<tr readability=\"4\">\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td colspan=\"7\" nowrap=\"nowrap\" class=\"prngen3\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For&nbsp;the&nbsp;Three&nbsp;Months&nbsp;Ended <\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31,<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Variance<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>% of <br \/>change<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen2\"><\/td>\n<td colspan=\"4\" nowrap=\"nowrap\" class=\"prnsbt1 prnsbr1 prnvab prnsbbs prntac prnpl6 prnsbl1 prnpr14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2022<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td colspan=\"4\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><span class=\"prnews_span\"><b>Unaudited<\/b><\/span><\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><span class=\"prnews_span\"><b>Unaudited<\/b><\/span><\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\"><\/td>\n<td class=\"prngen10\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen9\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"4\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen10\"><\/td>\n<td colspan=\"2\" class=\"prngen7\"><\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td colspan=\"6\" nowrap=\"nowrap\" class=\"prnsbts prnsbr1 prnvab prnsbb1 prnpl6 prnsbl1 prnpr6\" readability=\"6\">\n<p class=\"prnmr40\"><span class=\"prnews_span\"><b>(in thousands, except for percentages)<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net revenues<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td colspan=\"4\" nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>533,786<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>623,506<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>89,720<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>16.8<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Cost of revenues<\/b><b><sup>(a)<\/sup><\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td colspan=\"4\" nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(283,843)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(264,588)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>19,255<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>-6.8<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Gross profit<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td colspan=\"4\" nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>249,943<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>358,918<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>108,975<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>43.6<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Gross margin<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td colspan=\"4\" nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>46.8%<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>57.6%<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>10.8%<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Selling and marketing expenses<sup>(a)<\/sup><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td colspan=\"4\" nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(213,758)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(172,400)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">41,358<\/span><\/p>\n<\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">-19.3<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">General and administrative expenses<sup>(a)<\/sup><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td colspan=\"4\" nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(143,192)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(141,585)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,607<\/span><\/p>\n<\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">-1.1<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Research and development expenses<sup>(a)<\/sup><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td colspan=\"4\" nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(22,468)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(16,342)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,126<\/span><\/p>\n<\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">-27.3<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total operating expenses<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td colspan=\"4\" nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(379,418)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(330,327)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>49,091<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>-12.9<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Operating income\/(loss)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td colspan=\"4\" nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(129,475)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16 prnpr14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>28,591<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>158,066<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>122.1<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Notes:<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"13\" class=\"prngen18\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(a)&nbsp;&nbsp; Includes share-based compensation expenses.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>&#8220;In the first quarter of 2022, we ended our long streak of quarterly net losses to achieve a net income. This marked the beginning of a healthy trajectory for our business. Our net income reached <span class=\"xn-money\">RMB27.1 million<\/span>, operating income reached <span class=\"xn-money\">RMB28.6 million<\/span>, and operating margin reached 4.6%. Even under the impact of seasonal factors of the Chinese New Year, our cash balance remained relatively well preserved at <span class=\"xn-money\">RMB416.4 million<\/span>.<\/p>\n<p>Such financial performance resulted from the effective implementation and execution of our sound long-term business strategy, with revenue growth and continued cost reduction. In the first quarter of 2022, our net revenues increased by 16.8% year-over-year, with the adult professional education business enjoying renewed year-over-year growth of 5.5%; the childhood &amp; adolescent quality education business has seen positive year-over-year growth for seven consecutive quarters since the outbreak of the pandemic, with 27.2% year-over-year increase in the first quarter of 2022. On the other hand, in the first quarter of 2022, our cost of revenues and operating expenses decreased by 6.8% and 12.9% year-over-year respectively, thanks to continued effective cost management.&#8221; remarked Ms. <span class=\"xn-person\">Ying Sun<\/span>, the Chief Executive Officer of Tarena.<\/p>\n<p>&#8220;Our core competitive advantages are backed by the constant optimization and upgrading of our business procedures and processes, which include our Online-Merge-Offline (OMO) customer acquisition model and omni-channel service delivery capability. This ability was tested in the first quarter, when we kept the business running smoothly, even when a resurgence of COVID-19 cases emerged in certain areas in <span class=\"xn-location\">China<\/span>.<\/p>\n<p>Looking ahead, we will continue to focus on the core advantages of &#8216;adaptation of the Online-Merge-Offline (OMO) model to develop and deliver our comprehensive products&#8217;, &#8216;offline learning center operation capability&#8217; and &#8216;customer acquisition capability&#8217; to continually improve operational efficiency and maintain positive and healthy development.&#8221; concluded Ms. <span class=\"xn-person\">Ying Sun<\/span>.<\/p>\n<p><b>First Quarter 2022 Results<\/b><\/p>\n<p><b><i>Net Revenues<\/i><\/b><\/p>\n<p>Total net revenues increased by 16.8% to <span class=\"xn-money\">RMB623.5 million<\/span> (<span class=\"xn-money\">US$98.4 million<\/span>) in the first quarter of 2022, from <span class=\"xn-money\">RMB533.8 million<\/span> in the same period of 2021.<\/p>\n<p>Net revenue from childhood &amp; adolescent quality education business increased by 27.2% to <span class=\"xn-money\">RMB353.9 million<\/span> (<span class=\"xn-money\">US$55.8 million<\/span>) in the first quarter of 2022, from <span class=\"xn-money\">RMB278.3 million<\/span> in same period of 2021. The increase was primarily due to increase in student enrollments from 135,500 in the first quarter of 2021 to 173,100 in the same period of 2022.<\/p>\n<p>Net revenue from adult professional education business increased by 5.5% to <span class=\"xn-money\">RMB269.6 million<\/span> (<span class=\"xn-money\">US$42.5 million<\/span>) in the first quarter of 2022, from <span class=\"xn-money\">RMB255.5 million<\/span> in same period of 2021. The increase was mainly attributable to the increase in certificate revenue, partially offset by a drop in student enrollments from 31,000 in the first quarter of 2021 to 29,300 in the same period of&nbsp;2022.<\/p>\n<p><b><i>Cost of Revenues<\/i><\/b><\/p>\n<p>Cost of revenues decreased by 6.8% to <span class=\"xn-money\">RMB264.6 million<\/span> (<span class=\"xn-money\">US$41.7 million<\/span>) in the first quarter of 2022, from <span class=\"xn-money\">RMB283.8 million<\/span> in the same period of 2021. The decrease was primarily due to decline in personnel-related cost resulting from decrease in the accrual of performance-based bonus and decrease in depreciation expenses.<\/p>\n<p><b><i>Gross Profit and Gross Margin<\/i><\/b><\/p>\n<p>Gross profit increased by 43.6% to <span class=\"xn-money\">RMB358.9 million<\/span> (<span class=\"xn-money\">US$56.6 million<\/span>) in the first quarter of 2022, from <span class=\"xn-money\">RMB249.9 million<\/span> in the same period of 2021. Gross margin, which is equal to gross profit divided by net revenues, was 57.6% in the first quarter of 2022, compared to 46.8% in the same period of 2021. The increase in gross margin was primarily attributable to the increase in net revenue and decrease in cost of revenues in both childhood &amp; adolescent quality education and adult professional education businesses.<\/p>\n<p><b><i>Operating Expenses<\/i><\/b><\/p>\n<p>Total operating expenses decreased by 12.9% to <span class=\"xn-money\">RMB330.3 million<\/span> (<span class=\"xn-money\">US$52.1 million<\/span>) in the first quarter of 2022, from <span class=\"xn-money\">RMB379.4 million<\/span> in the same period of 2021. Total non-GAAP operating expenses, which excluded share-based compensation expenses, decreased by 11.8% to <span class=\"xn-money\">RMB328.9 million<\/span> (<span class=\"xn-money\">US$51.9 million<\/span>) in the first quarter of 2022, from <span class=\"xn-money\">RMB372.7 million<\/span> in the same period of 2021. Total share-based compensation expenses allocated to operating expenses decreased by 79.1% to <span class=\"xn-money\">RMB1.4 million<\/span> (<span class=\"xn-money\">US$0.2 million<\/span>) in the first quarter of 2022, from <span class=\"xn-money\">RMB6.7 million<\/span> in the same period of 2021.<\/p>\n<p>Selling and marketing expenses decreased by 19.3% to <span class=\"xn-money\">RMB172.4 million<\/span> (<span class=\"xn-money\">US$27.2 million<\/span>) in the first quarter of 2022, from <span class=\"xn-money\">RMB213.8 million<\/span> in the same period of 2021. The decrease was mainly due to decrease in personnel-related cost resulting from the drop in the number of sales staffs and decline in advertising expenses in the first quarter of 2022 as compared to the same period of 2021.&nbsp;&nbsp; <\/p>\n<p>General and administrative expenses decreased slightly by 1.1% to <span class=\"xn-money\">RMB141.6 million<\/span> (<span class=\"xn-money\">US$22.3 million<\/span>) in the first quarter of 2022, from <span class=\"xn-money\">RMB143.2 million<\/span> in the same period of 2021. <\/p>\n<p>Research and development expenses decreased by 27.3% to <span class=\"xn-money\">RMB16.3 million<\/span> (<span class=\"xn-money\">US$2.6 million<\/span>) in the first quarter of 2022, from <span class=\"xn-money\">RMB22.5 million<\/span> in the same period of 2021. The decrease was mainly due to decrease in personnel-related expense in the first quarter of 2022.<\/p>\n<p><b><i>Operating Income\/(Loss)<\/i><\/b><\/p>\n<p>Operating income was <span class=\"xn-money\">RMB28.6 million<\/span> (<span class=\"xn-money\">US$4.5 million<\/span>) in the first quarter of 2022, compared to operating loss of <span class=\"xn-money\">RMB129.5 million<\/span> in the same period of 2021. Non-GAAP operating income, which excluded share-based compensation expenses, was <span class=\"xn-money\">RMB30.0 million<\/span> (<span class=\"xn-money\">US$4.7 million<\/span>) in the first quarter of 2022, compared to non-GAAP operating loss of <span class=\"xn-money\">RMB122.6 million<\/span> in the same period of 2021.<\/p>\n<p><b><i>Interest Income<\/i><\/b><\/p>\n<p>Net interest income was <span class=\"xn-money\">RMB0.3 million<\/span> (<span class=\"xn-money\">US$0.05 million<\/span>) in the first quarter of 2022, compared to net interest income of <span class=\"xn-money\">RMB0.6 million<\/span> in the same period of 2021.<\/p>\n<p><b><i>Other Income<\/i><\/b><\/p>\n<p>Other income was <span class=\"xn-money\">RMB3.7 million<\/span> (<span class=\"xn-money\">US$0.6 million<\/span>) in the first quarter of 2022, compared to <span class=\"xn-money\">RMB0.3 million<\/span> in other income in the same period of 2021. The increase was primarily attributable to the gain realized in the disposal of a long-term investment.<\/p>\n<p><b><i>Foreign Exchange Loss<\/i><\/b><\/p>\n<p>Foreign exchange loss was <span class=\"xn-money\">RMB0.1 million<\/span> (<span class=\"xn-money\">US$0.01 million<\/span>) in the first quarter of 2022, compared to <span class=\"xn-money\">RMB0.7 million<\/span> foreign exchange loss in the same period of 2021.<\/p>\n<p><b><i>Income Tax (Expense)\/Benefit<\/i><\/b><\/p>\n<p>The Company recorded an income tax expense of <span class=\"xn-money\">RMB5.4 million<\/span> (<span class=\"xn-money\">US$0.9 million<\/span>) in the first quarter of 2022, compared to income tax benefit of <span class=\"xn-money\">RMB7.4 million<\/span> in the same period of 2021. The increase in tax expense was mainly because the Company has made profits in the first quarter of 2022.<\/p>\n<p><b><i>Net Income\/(Loss)<\/i><\/b><\/p>\n<p>As a result of the foregoing, net income was <span class=\"xn-money\">RMB27.1 million<\/span> (<span class=\"xn-money\">US$4.3 million<\/span>) in the first quarter of 2022, compared to net loss of <span class=\"xn-money\">RMB121.9 million<\/span> in the same period of 2021. Non-GAAP net income, which excluded share-based compensation expenses, was <span class=\"xn-money\">RMB28.5 million<\/span> (<span class=\"xn-money\">US$4.5 million<\/span>) in the first quarter of 2022, compared to non-GAAP net loss of <span class=\"xn-money\">RMB115.0 million<\/span> in the same period of 2021.<\/p>\n<p><b><i>Basic and Diluted Income\/(Loss) per ordinary&nbsp;share<\/i><\/b><\/p>\n<p>Basic income per ordinary&nbsp;share was <span class=\"xn-money\">RMB0.48<\/span> <span class=\"xn-money\">(US$0.08)<\/span> in the first quarter of 2022, compared to loss per ordinary&nbsp;share of <span class=\"xn-money\">RMB2.17<\/span> in the first quarter of 2021. Diluted income per ordinary&nbsp;share was <span class=\"xn-money\">RMB0.47<\/span> <span class=\"xn-money\">(US$0.07)<\/span> in the first quarter of 2022, compared to loss per ordinary&nbsp;share of <span class=\"xn-money\">RMB2.17<\/span> in the first quarter of 2021. Non-GAAP basic income per ordinary&nbsp;share, which excluded share-based compensation expenses, was <span class=\"xn-money\">RMB0.50<\/span> <span class=\"xn-money\">(US$0.08)<\/span> in the first quarter of 2022, compared to non-GAAP loss per ordinary&nbsp;share of <span class=\"xn-money\">RMB2.05<\/span> in the first quarter of 2021. Non-GAAP diluted income per ordinary&nbsp;share, which excluded share-based compensation expenses, was <span class=\"xn-money\">RMB0.49<\/span> <span class=\"xn-money\">(US$0.08)<\/span> in the first quarter of 2022, compared to non-GAAP loss per ordinary&nbsp;share of <span class=\"xn-money\">RMB2.05<\/span> in the first quarter of 2021.<\/p>\n<p><b><i>Cash Flow<\/i><\/b><\/p>\n<p>Net cash outflow from operating activities in the first quarter of 2022 was <span class=\"xn-money\">RMB18.9 million<\/span> (<span class=\"xn-money\">US$3.0 million<\/span>). Capital expenditures in the first quarter of 2022 were <span class=\"xn-money\">RMB10.6 million<\/span> (<span class=\"xn-money\">US$1.7 million<\/span>).<\/p>\n<p><b>Business Outlook<\/b><\/p>\n<p>Based on the Company&#8217;s current estimates, total net revenues for the second quarter of 2022 are expected to be in the range of <span class=\"xn-money\">RMB600 million<\/span> and <span class=\"xn-money\">RMB630 million<\/span>, which represent an increase of 3.1% to 8.2% as compared to the net revenues in the second quarter of 2021, after taking into consideration the seasonal fluctuation factor and the likely continued impact of the COVID-19.<\/p>\n<p>This guidance is based on the current market conditions and reflects the Company&#8217;s current and preliminary estimates of market and operating conditions, which are subject to change, particularly as to the potential impact of COVID-19 on the economy in <span class=\"xn-location\">China<\/span> and elsewhere in the world.<\/p>\n<p><b>Exchange Rate Information <\/b><\/p>\n<p>All translations made in the financial statements or elsewhere in this press release made from RMB into <span class=\"xn-location\">United States<\/span> dollars (&#8220;US$&#8221;) are solely for convenience and calculated at the rate of <span class=\"xn-money\">US$1.00<\/span>=<span class=\"xn-money\">RMB6.3393<\/span>, representing the exchange rate as of <span class=\"xn-chron\">March 31, 2022<\/span>, set forth in the H.10 statistical release of the U.S. Federal Reserve Board. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate, or at any other rate, on <span class=\"xn-chron\">March 31, 2022<\/span>.<\/p>\n<p><b>Conference Call<\/b><\/p>\n<p>Company management will hold an earnings conference call and live webcast to discuss the Company&#8217;s results at <span class=\"xn-chron\">8:00 AM<\/span> on <span class=\"xn-chron\">May 17, 2022<\/span>, U.S. Eastern Time (<span class=\"xn-chron\">8:00 PM<\/span> on <span class=\"xn-chron\">May 17, 2022<\/span>, Beijing Time). <\/p>\n<p>Dial-in details for the earnings conference call are as follows:<\/p>\n<p><span class=\"xn-location\">United States<\/span>: +1-855-824-5644<br \/><span class=\"xn-location\">Hong Kong, China<\/span>: +852-3027-6500<br \/>Mainland <span class=\"xn-location\">China<\/span>: 8009-880-563\/400-821-0637<br \/><span class=\"xn-location\">United Kingdom<\/span>: 0800-026-1542<br \/>International: +1-646-722-4977<br \/>Passcode: 27103456#<\/p>\n<p>Please dial in ten minutes before the call is scheduled to begin and provide the passcode to join the call.<\/p>\n<p>A replay of the conference call may be accessed by phone at the following number until <span class=\"xn-chron\">May 24, 2022<\/span>:<\/p>\n<p><span class=\"xn-location\">United States<\/span>: +1-646-982-0473<br \/>International: +61-2-8325-2405<br \/>Passcode: 520002317#<\/p>\n<p>Additionally, a live and archived webcast of this call will be available on the Investor Relations section of Tarena&#8217;s website at <a href=\"http:\/\/ir.tedu.cn\" rel=\"nofollow\">http:\/\/ir.tedu.cn<\/a>. <\/p>\n<p><b>About Tarena International, Inc.<\/b><\/p>\n<p>Tarena is a leading provider of adult professional education and childhood and adolescent quality education services in <span class=\"xn-location\">China<\/span>. Through its innovative education platform combining live distance instruction, classroom-based tutoring and online learning modules, Tarena offers adult professional education courses in IT and non-IT subjects. Its adult professional education courses provide students with practical skills to prepare them for jobs in industries with significant growth potential and strong hiring demand. Tarena also offers childhood and adolescent quality education programs, including computer coding and robotics programming courses, etc., targeting students aged between three and eighteen.<\/p>\n<p><b>Safe Harbor Statement<\/b><\/p>\n<p>This press release contains forward-looking statements made under the &#8220;safe harbor&#8221; provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as &#8220;will,&#8221; &#8220;expects,&#8221; &#8220;anticipates,&#8221; &#8220;future,&#8221; &#8220;intends,&#8221; &#8220;plans,&#8221; &#8220;believes,&#8221; &#8220;estimates,&#8221; &#8220;confident&#8221; and similar statements. Among other things, the business outlook, the quotations from management in this announcement, as well as the Company&#8217;s strategic and operational plans contain forward-looking statements. Tarena may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including any business outlook and statements about Tarena&#8217;s beliefs and expectations, are forward-looking statements. Many factors, risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: the impact of the COVID-19 outbreak; Tarena&#8217;s goals and strategies; its future business development, financial condition and results of operations; its ability to continue to attract students to enroll in its courses; its ability to continue to recruit, train and retain qualified instructors and teaching assistants; its ability to continually tailor its curriculum to market demand and enhance its courses to adequately and promptly respond to developments in the professional job market; its ability to maintain or enhance its brand recognition, its ability to maintain high job placement rate for its students, and its ability to maintain cooperative relationships with financing service providers for student loans. <\/p>\n<p>Further information regarding these and other risks, uncertainties or factors is included in Tarena&#8217;s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Tarena does not undertake any obligation to update such information, except as required under applicable law.<\/p>\n<p><b>About Non-GAAP Financial Measures<\/b><\/p>\n<p>Beginning in the second quarter of 2016, the Company revised its non-GAAP financial measures to exclude gain or loss on derivative instruments, goodwill impairment, impairment of intangibles via acquisitions of businesses and the related tax impact, in addition to its historical practice of excluding share-based compensation expenses for non-GAAP results.<\/p>\n<p>To supplement Tarena&#8217;s consolidated financial results presented in accordance with United States Generally Accepted Accounting Principles (&#8220;GAAP&#8221;), Tarena&#8217;s management uses non-GAAP measures of cost of revenues, operating expenses, operating income, net income, and basic and diluted net income per ordinary&nbsp;share, which are adjusted from results based on GAAP to exclude the share-based compensation expenses, gain or loss on derivative instruments, goodwill impairment, impairment of intangibles via acquisitions of businesses and the related tax impact. These non-GAAP financial measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results. In addition, calculation of the non-GAAP financial measures may be different from the calculation used by other companies, and therefore comparability may be limited.<\/p>\n<p>Tarena&#8217;s management believes that excluding the share-based compensation expenses, gain or loss on derivative instruments, goodwill impairment, impairment of intangibles via acquisitions of businesses and the related tax impact provides meaningful supplemental information regarding our performance and liquidity by excluding certain items identified as non-recurring and infrequent in nature, and non-cash charges. The amount of share-based compensation expenses, gain or loss on derivative instruments, goodwill impairment, impairment of intangibles via acquisitions of businesses and the related tax impact are not built into the Company&#8217;s annual budgets and quarterly forecasts, which generally will be the basis for information Tarena provides to analysts and investors as guidance for future operating performance. <\/p>\n<p>The non-GAAP financial measures are provided to enhance investors&#8217; overall understanding of Tarena&#8217;s current financial performance and prospects for the future. A limitation of using non-GAAP cost of revenues, operating expenses, operating income (loss) and net income (loss), excluding the share-based compensation expenses, gain or loss on derivative instruments, goodwill impairment, impairment of intangibles via acquisitions of businesses and the related tax impact is that the share-based compensation charge has been and will continue to be a recurring expense in the Company&#8217;s business for the foreseeable future, and gain or loss on derivative instruments, goodwill impairment, impairment of intangibles via acquisitions of businesses and the related tax impact may recur in the future. In order to mitigate these limitations, the Company has provided specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying tables include details on the reconciliation between GAAP financial measures that are most directly comparable to the non-GAAP financial measures the Company has presented.<\/p>\n<p>For further information, please contact:<\/p>\n<p>Investor Relations Contact<br \/>Tarena International, Inc.<br \/>Email: <a target=\"_blank\" href=\"mailto:ir@tedu.cn\" rel=\"nofollow noopener\">ir@tedu.cn<\/a><\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody readability=\"28.5\">\n<tr readability=\"9\">\n<td colspan=\"7\" nowrap=\"nowrap\" class=\"prngen19\" readability=\"11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>TARENA INTERNATIONAL, INC. AND SUBSIDIARIES<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(in thousands, except share data and per share data)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen15 prnpr8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td colspan=\"5\" nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen21\"><\/td>\n<td colspan=\"5\" nowrap=\"nowrap\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>As of<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen21\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen21\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>December&nbsp;31,<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen23\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31,<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen23\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31,<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen21\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen21\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen21\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2022<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen21\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2022<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen21\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen21\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Audited<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen21\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Unaudited<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen21\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Unaudited<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen21\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen21\"><\/td>\n<td nowrap=\"nowrap\" class=\"prnsbts prnsbr1 prnvab prnsbb1 prntac prnpl6 prnsbl1 prnpr6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen21\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen21\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>USD<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>ASSETS<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Current assets:<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Cash and cash equivalents<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">423,766<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">409,803<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">64,645<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Time deposits<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,257<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,236<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">984<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Restricted cash<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">255<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">150<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">24<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Accounts receivable, net of allowance for doubtful accounts <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">48,458<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">56,311<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8,883<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Amounts due from related parties<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">839<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">962<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">152<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Prepaid expenses and other current assets <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">139,757<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">121,838<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13 prnpr8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">19,218<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnml10\"><span class=\"prnews_span\"><b>Total current assets<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16 prnpr8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>619,332<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>595,300<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>93,906<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Time deposits-non current<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">123<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">224<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">35<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Accounts receivable, net of allowance for doubtful accounts-non current <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">90<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">188<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">30<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Amount due from related parties-non current<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">683<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">694<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">109<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Property and equipment, net<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">299,441<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">282,728<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">44,599<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Intangible assets, net<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9,906<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9,306<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,468<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Goodwill<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">52,782<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">52,782<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8,326<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Right-of-use assets<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">495,936<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">425,346<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">67,097<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Long-term investments, net<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">46,449<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">44,445<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7,011<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Deferred income tax assets<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">41,000<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">38,846<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,128<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Other non-current assets, net <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">76,040<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">77,298<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12,194<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnml10\"><span class=\"prnews_span\"><b>Total assets<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,641,782<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,527,157<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>240,903<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>LIABILITIES AND EQUITY<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Current liabilities:<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Short-term bank loans<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">30,000<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">32,000<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5,048<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Accounts payable <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8,914<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,950<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,096<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Amounts due to related parties<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">554<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">353<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">56<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Operating lease liabilities-current<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">239,937<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">217,993<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">34,388<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Income taxes payable<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">89,000<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">91,962<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">14,507<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Deferred revenue-current<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,008,078<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,958,480<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">308,943<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Accrued expenses and other current liabilities <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">563,603<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">538,536<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">84,951<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\"><b>Total current liabilities<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2,940,086<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2,846,274<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>448,989<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Deferred revenue-non current<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">16,774<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">15,706<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,478<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Operating lease liabilities-non current <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">272,575<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">229,185<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">36,153<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Other non-current liabilities <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,767<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,688<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">739<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnml10\"><span class=\"prnews_span\"><b>Total liabilities<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>3,234,202<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>3,095,853<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>488,359<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\"><b>Commitments and contingencies<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Shareholders&#8217; equity<\/b>:<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Class A ordinary shares<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">355<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">355<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">56<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Class B ordinary shares<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">74<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">74<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Treasury stock<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(459,815)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(464,497)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(73,273)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Additional paid-in capital<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,347,205<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,348,593<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">212,735<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Accumulated other comprehensive income<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">48,699<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">48,648<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7,674<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Accumulated deficit<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2,520,438)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2,493,877)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(393,399)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"6\">\n<p class=\"prnml10\"><span class=\"prnews_span\"><b>Total deficit attributable to the shareholders of Tarena International, Inc.<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(1,583,920)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(1,560,704)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(246,195)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnml10\"><span class=\"prnews_span\"><b>Non-controlling interest<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(8,500)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(7,992)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(1,261)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\"><b>Total liabilities and equity<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,641,782<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,527,157<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>240,903<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody readability=\"22\">\n<tr readability=\"7.5\">\n<td colspan=\"8\" nowrap=\"nowrap\" class=\"prngen19\" readability=\"8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>TARENA INTERNATIONAL, INC. AND SUBSIDIARIES<br \/>UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE <br \/>INCOME\/(LOSS)<br \/>(in thousands, except share data and per share data)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td colspan=\"5\" nowrap=\"nowrap\" class=\"prngen30\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"4\">\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td colspan=\"5\" nowrap=\"nowrap\" class=\"prngen3\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For&nbsp;the&nbsp;Three&nbsp;Months&nbsp;Ended <\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31,<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen23\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2022<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen23\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2022<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Unaudited<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Unaudited<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Unaudited<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>USD<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen21\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen21\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen21\"><\/td>\n<td class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net revenues<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">533,786<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">623,506<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">98,356<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cost of revenues<sup>(a)<\/sup><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(283,843)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(264,588)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(41,738)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Gross profit<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>249,943<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>358,918<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>56,618<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Selling and marketing expenses<sup>(a) <\/sup><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(213,758)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(172,400)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(27,195)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">General and administrative expenses<sup>(a) <\/sup><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(143,192)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(141,585)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(22,334)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Research and development expenses<sup>(a) <\/sup><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(22,468)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(16,342)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2,579)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Operating income\/(loss)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16 prnpr6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(129,475)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>28,591<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>4,510<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Interest income<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">589<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">298<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">47<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other income<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">343<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,663<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">578<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Foreign exchange loss<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(689)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(85)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(13)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Income\/(loss) before income taxes<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(129,232)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>32,467<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>5,122<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Income&nbsp;tax benefit\/(expense)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7,352<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(5,398)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(852)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net income\/(loss)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(121,880)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>27,069<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>4,270<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Less: Net income\/(loss) attributable to non-controlling interests<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1,039)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">508<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">80<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net income\/(loss) attributable to Class A and Class B <\/b><b>ordinary<\/b><b>&nbsp;<br \/>shareholders<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(120,841)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>26,561<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>4,190<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net income\/(loss) per Class A and Class B ordinary share:<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&nbsp; Basic <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2.17)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.48<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.08<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&nbsp;&nbsp;Diluted<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2.17)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.47<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.07<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Weighted average number of Class A and Class B ordinary shares <br \/>outstanding:<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&nbsp; Basic <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">55,670,995<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">55,676,443<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">55,676,443<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&nbsp;&nbsp;Diluted<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">55,670,995<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">56,603,993<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">56,603,993<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net<\/b><b>&nbsp;income\/(loss)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(121,880)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>27,069<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>4,270<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Other<\/b><b>&nbsp;comprehensive income\/(loss) <\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Foreign currency translation adjustment, net of nil income taxes<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">87<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(51)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(8)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Comprehensive<\/b><b>&nbsp;income\/(loss)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(121,793)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>27,018<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>4,262<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Notes:<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen34\"><\/td>\n<td class=\"prngen34\"><\/td>\n<td class=\"prngen34\"><\/td>\n<td class=\"prngen34\"><\/td>\n<td class=\"prngen34\"><\/td>\n<td class=\"prngen34\"><\/td>\n<td class=\"prngen34\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen18\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(a) Includes share-based compensation expenses as follows:<\/span><\/p>\n<\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"4\">\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td colspan=\"6\" class=\"prngen3\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For&nbsp;the&nbsp;Three&nbsp;Months&nbsp;Ended <\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31,<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Unaudited<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen30\"><\/td>\n<td class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2022<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Unaudited<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen27\"><\/td>\n<td class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2022<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Unaudited<\/b><\/span><\/p>\n<\/td>\n<td class=\"prnsbtb0 prnrbrb0 prnvab prnsbbs prntar prnpl6 prnsblb0 prnpr8\"><\/td>\n<td class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen36\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen30\"><\/td>\n<td class=\"prngen36\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen30\"><\/td>\n<td class=\"prngen36\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>USD<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen30\"><\/td>\n<td class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cost of revenues<\/span><\/p>\n<\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">185<\/span><\/p>\n<\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">11<\/span><\/p>\n<\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2<\/span><\/p>\n<\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Selling and marketing expenses<\/span><\/p>\n<\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,033<\/span><\/p>\n<\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">144<\/span><\/p>\n<\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">23<\/span><\/p>\n<\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">General and administrative expenses<\/span><\/p>\n<\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5,310<\/span><\/p>\n<\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">958<\/span><\/p>\n<\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">151<\/span><\/p>\n<\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Research and development expenses<\/span><\/p>\n<\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">379<\/span><\/p>\n<\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">275<\/span><\/p>\n<\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">43<\/span><\/p>\n<\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<td class=\"prngen20\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody readability=\"26.5\">\n<tr readability=\"9\">\n<td colspan=\"8\" nowrap=\"nowrap\" class=\"prngen19\" readability=\"11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>TARENA INTERNATIONAL, INC. AND SUBSIDIARIES<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RECONCILIATION OF GAAP MEASURES TO NON-GAAP MEASURES<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(in thousands, except share data and per share data)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td colspan=\"5\" nowrap=\"nowrap\" class=\"prngen30\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td colspan=\"5\" nowrap=\"nowrap\" class=\"prngen3\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For&nbsp;the&nbsp;Three&nbsp;Months&nbsp;Ended March 31,<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen21\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen21\"><\/td>\n<td class=\"prngen21\"><\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021 <br \/>Unaudited<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen21\"><\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2022<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Unaudited<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen21\"><\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2022<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Unaudited<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen21\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen21\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen21\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen21\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>USD<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>GAAP Cost of revenues<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">283,843<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">264,588<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">41,738<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Share-based compensation expense in cost of revenues<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">185<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">11<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Non-GAAP Cost of revenues<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>283,658<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>264,577<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>41,736<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>GAAP Selling and marketing expenses<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">213,758<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">172,400<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">27,195<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Share-based compensation expense in selling and marketing <br \/>expenses<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,033<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">144<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">23<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Non-GAAP Selling and marketing expenses<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>212,725<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>172,256<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>27,172<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>GAAP General and administrative expenses<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">143,192<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">141,585<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">22,334<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Share-based compensation expense in general and administrative <br \/>expenses<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5,310<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">958<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">151<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Non-GAAP General and administrative expenses<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>137,882<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>140,627<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>22,183<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>GAAP Research and development expenses<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">22,468<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">16,342<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,579<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Share-based compensation expense in research and development <br \/>expenses<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">379<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">275<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">43<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Non-GAAP Research and development expenses<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>22,089<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>16,067<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2,536<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Operating income\/(loss) <\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(129,475)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">28,591<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,510<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Share-based compensation expenses<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,907<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,388<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">219<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Non-GAAP Operating income\/(loss) <\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(122,568)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>29,979<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>4,729<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net income\/(loss)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(121,880)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">27,069<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,270<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Share-based compensation expenses<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,907<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,388<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">219<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Non-GAAP Net income\/(loss)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(114,973)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>28,457<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>4,489<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&nbsp; Less: Net income\/(loss) attributable to non-controlling interests<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1,039)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">508<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">80<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Non-GAAP net income\/(loss) attributable to Class A and Class <br \/>B ordinary shareholders<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen33\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(113,934)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>27,949<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>4,409<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Non-GAAP net income\/(loss) per Class A and Class B ordinary <br \/>share<\/b><sup>(a)<\/sup><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&nbsp; Basic<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2.05)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.50<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.08<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&nbsp;&nbsp;Diluted<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2.05)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.49<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.08<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen12\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Weighted average number of ordinary shares outstanding used <br \/>in <\/b><b>calculating Non-GAAP net loss per Class A and Class B <br \/>ordinary share<\/b><sup>(a)<\/sup><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&nbsp; Basic <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">55,670,995<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">55,676,443<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">55,676,443<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&nbsp;&nbsp;Diluted<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">55,670,995<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">56,603,993<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">56,603,993<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\"><\/td>\n<\/tr>\n<tr readability=\"10\">\n<td colspan=\"8\" nowrap=\"nowrap\" class=\"prngen12\" readability=\"11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Notes:<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\">(a) The Non-GAAP net income\/(loss) per ordinary share is computed using Non-GAAP net income\/(loss) attributable to ordinary <br \/>shareholders and the same number of ordinary shares are used in GAAP basic and diluted net income\/(loss) per ordinary share calculation.<\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\">(b) There was no tax impact of share-based compensation expenses for the first quarter of 2022 and 2021, respectively.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p id=\"PURL\"><img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN60057&amp;sd=2022-05-17\"> View original content:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/tarena-international-inc-announces-the-results-for-the-first-quarter-of-2022-301548751.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/tarena-international-inc-announces-the-results-for-the-first-quarter-of-2022-301548751.html<\/a><\/p>\n<\/p><\/div>\n<p>Source: Tarena International, Inc.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BEIJING, May 17, 2022 \/PRNewswire\/ &#8212;&nbsp;Tarena International, Inc. (NASDAQ: TEDU) (&#8220;Tarena&#8221; or the &#8220;Company&#8221;), a leading provider of adult professional education and childhood &amp; adolescent quality education services in China, today announced its unaudited financial results for the&nbsp;first quarter ended March 31, 2022. First Quarter 2022 Highlights Net revenues increased by 16.8% year-over-year to RMB623.5 [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":9546,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-9545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tarena International, Inc. Announces the Results for the First Quarter of 2022 - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=9545\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tarena International, Inc. Announces the Results for the First Quarter of 2022 - My Blog\" \/>\n<meta property=\"og:description\" content=\"BEIJING, May 17, 2022 \/PRNewswire\/ &#8212;&nbsp;Tarena International, Inc. (NASDAQ: TEDU) (&#8220;Tarena&#8221; or the &#8220;Company&#8221;), a leading provider of adult professional education and childhood &amp; adolescent quality education services in China, today announced its unaudited financial results for the&nbsp;first quarter ended March 31, 2022. 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