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GSX Techedu Inc.'s (GSX) CEO Larry Xiangdong Chen on Q4 2020 Results - Earnings Call Transcript

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GSX Techedu Inc. (GSX) Q4 2020 Earnings Conference Call March 5, 2021 8:00 AM ET

Company Participants

Sandy Qin - Senior Manager-Investor Relations

Larry Xiangdong Chen - Chief Executive Officer

Shannon Shen - Chief Financial Officer

Conference Call Participants

Mark Li - Citigroup Inc.

Christine Cho - Goldman Sachs & Co.

DS Kim - JPMorgan Chase & Co.

Alex Xie - Credit Suisse

Felix Liu - UBS Securities Co., Ltd.


Ladies and gentlemen, thank you for standing by, and welcome to the GSX Techedu, Inc. Fourth Quarter and Fiscal Year 2020 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded on March 3, 2021.

I would now like to turn the conference over to your first speaker today, Ms. Sandy Qin, IR Senior Manager of GSX. Thank you. Please go ahead.

Sandy Qin

Thank you, Sarah. Hello, everyone, and thank you for joining us today. GSX earnings release was distributed earlier and is available on the company’s IR website.

On the call with me today are Mr. Larry Chen, GSX Founder, Chairman and Chief Executive Officer; and Ms. Shannon Shen, Chief Financial Officer. Larry will give a general overview and then Shannon will discuss the financials. Following the prepared remarks, Larry and Shannon will be available to answer your questions.

Before we begin, I would like to remind you that this conference call contains forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based upon management’s current expectations, and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the company’s

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Comments (3)

ProfessorSmatt profile picture
TAL and GSX Techedu is nothing but fraud! They both have the same BS subsidiary tree to hide the fraud! It’s a typical fraud setup.
GSX uses brushing and so does TAL. Just look at their fake student numbers. Both Comp should be delisted!
TAL was under SEC investigation with Chen being the CEO and guess where Chen is now at GSX Techedu.
TAL was actually suing GSX for stealing copyright infringements ect but you never hear about this-why? Because when they do the discovery they’ll uncover the fraud everywhere!
Both are shell companies that make a little money on fake classes with not students from identities stolen using brushing.
People don’t get the brushing. SEC didn’t get this at first when I discussed this with them about GSX. I think they get it now. They use the identities to increase the enrollments and bump up the sales revenues and or deferred revenues BUT they show massive expenses via marketing. Go look at their marketing expenses. So why do they do this? Because they make $millions on the options market and stock market. The insiders don’t give a crap about the financials as long as they are trading they will make $millions or $billions.
The SEC, NYSE, NASDAQ ect have all been played by the fraudulent scheme of Chinese companies. And once they delist one the rest should follow! Or at least they should follow. They have no right to be on our markets. And all the money they have should be paid back to investors that they screwed over! I told the Enforcement Officers this as well!
Short GSX
Yves Summons profile picture
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