Securities Times e-Company News: On February 29th, NetEase Youdao released its unaudited financial report for 2023, which showed a year-on-year improvement in major financial indicators, with revenue of nearly 5.4 billion yuan and net income of 5.39 billion yuan, an increase of 7.5% year-on-year, and operating losses narrowing by 39.8% year-on-year. This is the first performance report from three months after the approval of the Youdao Education Big Model "Ziyue". Youdao CEO Zhou Feng stated that the company will continue to utilize the advantages of AI technology, continuously upgrade the "Ziyue" Big Model, further explore the application scenarios of the Big Model in the education and advertising fields, accelerate the landing of products and applications, and better help users improve learning and work efficiency.