17 Education & Technology Group Inc. reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported sales was CNY 542.55 million compared to CNY 486.79 million a year ago. Net loss was CNY 25.56 million compared to CNY 365.06 million a year ago. Basic loss per share from continuing operations was CNY 0.5 compared to basic earnings per share from continuing operations of CNY 13.3 a year ago. Diluted loss per share from continuing operations was CNY 0.5 compared to CNY 7.7 a year ago.
For the full year, sales was CNY 2,184.52 million compared to CNY 1,294.37 million a year ago. Net loss was CNY 1,441.91 million compared to CNY 1,339.91 million a year ago. Basic loss per share from continuing operations was CNY 29.2 compared to CNY 446.8 a year ago.