A Look at 9988.HK\n\nAs the world economy continues to recover from the impact of the pandemic, financial institutions are under increased scrutiny. One such institution, 9988.HK, has been making headlines for its recent performance.\n\n9988.HK, also known as The Company, is a leading financial institution with a global presence. With a strong focus on innovation and customer service, The Company has established itself as a trusted name in the industry. Its commitment to providing top-notch financial services has earned it a loyal customer base and a solid reputation.\n\nIn recent news, The Company reported its financial results for the third quarter of the year. The challenging economic climate, the institution has managed to maintain a strong financial position. Its total assets have increased by 10% compared to the same period last year, reaching an impressive $1.5 trillion. This growth can be attributed to the company’s strategic investments and effective risk management.\n\nOne of the key factors contributing to The Company’s success is its diverse portfolio. It offers a wide range of financial products and services, including banking, insurance, and wealth management. This diversity not only helps mitigate risks but also allows the institution to cater to the varying needs of its customers. Its strong performance in all these areas has resulted in a steady increase in revenue, with a 5% year-on-year growth.\n\nLooking ahead, The Company remains committed to its mission of providing exceptional financial services to its customers. Additionally, it is actively expanding its global presence, with a focus on emerging markets. This strategic approach has positioned The Company for long-term success and growth.\n\nIn a 9988.HK has proven to be a strong and reliable financial institution, even in the face of challenging economic conditions.”

Gaotu Techedu Inc. Reports Strong Financial Results for Q3 2023\n\nGaotu Techedu Inc. (NYSE:GOTU) has announced its unaudited financial results for the third quarter ended September 30, 2023. The technology-driven education company and online large-class tutoring service provider in China reported a 30.2% increase in net revenues, reaching RMB789.4 million compared to RMB606.2 million in the same period of 2022. Gross billings also saw a 5.3% increase, reaching RMB639.3 million compared to RMB607.0 million in the same period of 2022. The company reported a loss from operations of RMB99.5 million, compared to a loss from operations of RMB69.6 million in the same period of 2022. Non-GAAP loss from operations was RMB83.6 million, compared to RMB53.0 million in the same period of 2022. Net loss was RMB57.7 million, compared to a net loss of RMB61.4 million in the same period of 2022. Non-GAAP net loss was RMB41.7 million, compared to RMB44.8 million in the same period of 2022.\n\nFor the nine months ended September 30, 2023, Gaotu reported a 17.7% increase in net revenues, reaching RMB2,199.8 million compared to RMB1,868.6 million in the same period of 2022. Gross billings also saw a significant increase of 34.1%, reaching RMB2,060.6 million compared to RMB1,536.8 million in the same period of 2022. The company reported a 137.1% increase in income from operations, reaching RMB38.9 million compared to a loss of RMB104.8 million in the same period of 2022. Non-GAAP income from operations was RMB81.6 million, compared to RMB1.1 million in the same period of 2022. Net income also saw a significant increase of 295.6%, reaching RMB112.4 million compared to a net loss of RMB57.4 million in the same period of 2022. Non-GAAP net income was RMB155.0 million, compared to RMB48.4 million in the same period of 2022.\n\nLarry Xiangdong Chen, the company's founder, Chairman, and CEO, commented on the results, stating that the company is currently focused on defining clear development directions and charting a well-defined path forward. The company is dedicated to building up its core organizational competitiveness and continuously delving into new business initiatives. Gaotu will invest in areas that are strategically important for the company's success, continue to refine products and services, and build a resilient organization and a robust pool of talent. The company is confident in its ability to deliver high-quality services and achieve sustainable growth.