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  "documentTitle": "GSX Techedu (GSX)",
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  "notes": "The slide uses two tables to compare credit report data against SEC filings, specifically pointing out a 74.6% overstatement in 2018 net profit.",
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      "text": "The consolidated net loss for 2017 was RMB 86.1 million... the net profit GSX reported to the SEC in 2018 was overstated by 74.6%!",
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      "text": "Our credit report review already proves in our opinion that the company's portrayed profitability is a lie and that financials cannot be trusted.",
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      "text": "Note 1: Assume full year revenues of Shanghai Jinyou for 2018.",
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      "text": "Note 1: Shanghai Jinyou became wholly-owned subsidiary on January 31, 2018... Note 2: net income did not include the loss recorded from the convertible redeemable preferred shares redemption value accretion",
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