Here Group Limited · NASDAQ:HERE
Here — QuantaSing Group — Q3 FY2025 Earnings Presentation
27 slides from Here's earnings presentation, Jun 6, 2025
Slide 1: Investor Presentation Q3 FY 2025
Investor InvestorPresentation Presentation Q3 FY 2023 Third Quarter, Fiscal Year 2025
Slide 2: Disclaimer
Disclaimer Information in this presentation and the accompanying oral presentation (the “Presentation”), including, among others, any statements regarding QuantaSing’s market position, users and learners and other metrics, is based on data and analyses from various sources as of the date of the Pres
Slide 3: Group Business
Group Business Dual-Track Approach: Refining Existing Business & Expanding Pop Toys Online Learning Services & Silver Economy Ecosystem Pop Toy Business Financial Literacy Courses Skills Upgrading Courses December 2024 Launched H2 2021 | Short-video editing as hero Invested in Letsvan to synergize r
Slide 4: 3Q FY25 Performance Highlights
3Q FY25 Performance Highlights1 Financial figures shown are for the third quarter of FY 20252, which refers to the period from January 1, 2025 to March 31, 2025 Acquired 61% stake RMB570.7 Million RMB37.8 Million 145.0 Million for RMB235 Million5 Revenues Adjusted Net Income3 Total Registered Users4
Slide 5: Silver Economy Opportunity
Silver Economy Opportunity 650M Aging Population × ¥30T Market Size × 14.7%CAGR Senior Education Growth 1 2 Consumption Structure of China’s Silver Size of China’s Silver Demographic China’s Silver Population Structure & Forecast 3 Population (Millions) 46.3% In 2024, the 660 650 population aged 65
Slide 6: Silver Economy Synergy Engine
Silver Economy Synergy Engine Unlocking multidimensional value in silver economy by synergizing personal learning, study tours, and senior-focused consumer products to develop a new growth potential Online-offline synergy: Repurchase Cycle: Digital reach expands access, while study Personal Learning
Slide 7: Structured Financial Literacy Curriculum
Structured Financial Literacy Curriculum From Basics to Mastery Introduction to Fund Premium Courses Foundation Program Categories Our program covers family portfolio management, wealth management Expert Teaching strategies, and financial security, breaking down complex topics with real- world examp
Slide 8: Global Pop Toy Industry Overview
Global Pop Toy Industry Overview Global Toy Market >$100B | Lower-Tier Cities Toy Sales Surge | Blind Boxes: Fastest-Growing Segment Pop Toy Industry: Lower-Tier Market Blind Box Segment Shows Market Size & Data Insights Potential Surges Explosive Growth In terms of GMV, the global toy market During
Slide 9: Value of Letsvan
Value of Letsvan Fueling Business Expansion for Future Growth About Letsvan Letsvan operates across the entire IP value chain, from discovering global artists and incubating IPs to commercializing copyrights, promoting pop toy culture, and investing in related industries. Committed to reaching young
Slide 10: IP Portfolio
IP Portfolio Shaping the Future of Pop Culture Toys: Major IP Product Pipeline 2023 2024 2025 PVC Figurines ZIYULI PIDOL WAKUKU DD.G ZIYULI x PIDOL KILIKILI FIILA FIILA The Esoteric Play With Back To My Coloful Fable Dear For You PIDOL Childhood Y2K Online N.T.Girls Newlook Colorful Mood BowBow All-
Slide 11: Pop Toys Gravity Field: Offline Carnival × Boundary-Breaking Launches
Pop Toys Gravity Field: Offline Carnival × Boundary-Breaking Launches Where Pop-Up Stories Meet Community Momentum: Redefining IP Immersion WAKUKU PANDADA Launch at MINISO Fox & Bunny Trick or Treat Global Offline WAKUKU Limited-Time Pop-Up Launched LAND Beijing on March 29, 2025 Debut at MINISO LAN
Slide 12: Sales Channels & Market Expansion
Sales Channels & Market Expansion Digital drives online growth; Shop-in-shops expand offline - Multi-brand power scales fast Online Offline Sales Channels China Market: Strengthen Douyin presence via Shop-in-Shop Network: Partnering with top retailers flagship stores, targeting youth with "short vid
Slide 13: Business Strategy
Business Strategy Dual-Engine Growth: Value Mining in Existing Business × Innovative Breakthroughs in Pop Toys Online Learning Services & Silver Economy Ecosystem Pop Toy Business Boost customer retention & repurchase rates through Build a diversified IP ecosystem refined operations § Expand top-tie
Slide 14: Investment Highlights
Investment Highlights Precision Targeting in Growth Markets: Building a Sustainable Online Learning + Consumption Ecosystem Huge and multi-dimensional consumer group § Silver customers: Building a "lifestyle in the second half of life" ecology with integrated learning and consumption solutions § New
Slide 15: Third Quarter FY 2025 Financial Highlights
Third Quarter Financial FY 2025 Highlights
Slide 16: Strong registered user growth
(Millions) 160.0 Total Registered Users 145.0 139.6 140.0 134.6 Strong 120.0 121.0 127.6 registered 112.4 103.3 user growth 100.0 94.3 86.3 80.0 Total registered users increased by 19.9% to approximately 145.0 million as of March 31, 2025. 60.0 40.0 20.0 0.0 3/31/23 6/30/23 9/30/23 12/31/23 3/31/24
Slide 17: Diversified markets and revenue streams
(RMB Millions) Others Consumer Business 1,200.0 Revenue Breakdown Enterprise Services Individual Online 3.5 Diversified markets Learning Services 1,000.0 3.0 3.0 33.3 46.3 56.6 49.4 57.6 and revenue 3.4 44.8 65.1 4.1 800.0 68.4 103.8 49.5 5.1 47.8 streams 64.5 55.7 600.0 6.7 48.7 48.1 906.7 • Revenu
Slide 18: Phased Optimization of Growth Engines
(RMB Millions) Adjusted Net Income 250.0 Phased 200.0 193.6 Optimization of Growth Engines 150.0 132.0 103.9 100.0 90.4 94.0 • Adjusted net income1 for the third 88.0 quarter of FY 2025 was RMB37.8 million (US$5.2 million), representing a decrease of 71.3% from the second quarter of FY 2025 and an i
Slide 19: Solid cash reserves
(RMB Millions) 1,400 Cash and cash equivalents, restricted cash and short-term investments 6 5 1,213 3 1,194 7 1,200 1,150 1,135 2 Solid 4 1,051 1,026 1,000 931 1 cash reserves 880 850 800 600 • Cash and cash equivalents, restricted cash and short-term investments were robust, providing the company
Slide 20: Strong operating cash flow
(RMB Millions) Net Cash Provided by Operating Activities 300.0 282.7 272.6 250.0 235.6 Strong operating 200.0 cash flow 150.0 • Net cash provided by operating activities increased significantly since FY 100.0 2021, signifying a robust positive trend in 79.4 the company's capacity to generate cash fr
Slide 21: Appendix
p Appendix QUANTASING
Slide 22: Unaudited condensed consolidated balance sheets
Unaudited condensed consolidated balance sheets (Amounts in thousands, except for share and per share data) As of June 30, March 31, March 31, 2024 2025 2025 RMB RMB US$ ASSETS Current assets: Cash and cash equivalents 779,931 985,677 135,830 Restricted cash 160 675 93 Short-term investments 246,195
Slide 23: Unaudited condensed consolidated balance sheets – continued
Unaudited condensed consolidated balance sheets – continued (Amounts in thousands, except for share and per share data) As of June 30, March 31, March 31, 2024 2025 2025 RMB RMB US$ MEZZANINE EQUITY Non-controlling interests with liquidation preferences - 40,999 5,650 SHAREHOLDERS’ EQUITY Class A or
Slide 24: Unaudited condensed consolidated statements of operations and comprehensive income
Unaudited condensed consolidated statements of operations and comprehensive income (Amounts in thousands, except for shares and per share data) For the Three Months For the Nine Months Ended March 31, Ended March 31, 2024 2025 2025 2024 2025 2025 RMB RMB US$ RMB RMB US$ Revenues 945,570 570,706 78,6
Slide 25: Unaudited reconciliation of GAAP and Non-GAAP results
Unaudited reconciliation of GAAP and Non-GAAP results (Amounts in thousands, except for share and per share data) The following table below sets forth a reconciliation of revenues to gross billings for the periods indicated: For the Three Months For the Nine Months Ended March 31, Ended March 31, 20
Slide 26: Unaudited reconciliation of GAAP and Non-GAAP results - continued
Unaudited reconciliation of GAAP and Non-GAAP results - continued (Amounts in thousands, except for share and per share data) The following table below sets forth a reconciliation of net income to adjusted net income and basic and diluted per share to basic and diluted adjusted net income per share
Slide 27: THANK YOU
THANK YOU IR website: ir.quantasing.com Landline: +86 10 6493 7857 Email: [email protected]