Basic and diluted net profit for ads per share is 0.30 and USD 0.29 respectively

-Net revenue rose 35.1% to $92 million, up from $68.1 million a year earlier.

-Operating profits rose 46.6% per cent to $24.4 million, up from $16.7 million a year earlier.

-The net profit of the company, which belongs to the good future, grew 45.4% to $23.3 million, up from $16 million a year earlier.

-Non-US GAAP net profits, excluding share-price costs, rose 38.7% per cent to $25.1 million a year earlier, up from $18.1 million trillion over the same period.

-Basic and diluted net profit for ads per share is 0.30 and USD 0.29 respectively. Excluding the cost of stock remuneration, non-US general accounting standards basic and diluted the net profit per share of ads is 0.32 and 0.31 respectively. Good future each share of ads is equivalent to 2 shares a Class A common.

-As at August 31, 2013, the total amount of cash, cash equivalents and term deposits amounted to USD 294.1 million, which was higher than the 209.2 million United States dollar at February 28, 2013.

-Total enrolment increased by 24.8% per cent year-on-year, about 308,490 people.

-As of August 31, 2013, the entire network of the good future includes 264 learning centers, up from 255 at May 31, 2013.

Results for 6 months up to August 31:

-Net revenue rose 30.7% to $153.4 million, up from $117.4 million a year earlier.

-Operating profits rose 37.1% per cent to $31.1 million, up from $22.7 million a year earlier.

-The net profit of the company, which belongs to the good future, grew 49.5% to $31.4 million, up from $21 million a year earlier.

-Non-US GAAP net profits, excluding share-price costs, rose 38.7% per cent to $35.1 million a year earlier, up from $25.3 million trillion over the same period.

-Basic and diluted net profit for ads per share is 0.40 and USD 0.39 respectively. Excluding the cost of stock remuneration, non-US general accounting standards basic and diluted the net profit per share of ads is 0.45 and 0.44 respectively.

-The total enrollment in the first 6 months of fiscal year 2014 grew by 21.8% per cent year-on-year, about 501,140.

-As of August 31, 2013, the entire network of the good future includes 264 learning centers, up from 255 at February 28, 2013.

Second quarter performance details:

Net revenue

In the second quarter, a good future net revenue of 92 million U.S. dollars, compared with the same period in 2013 68.1 million U.S. dollar growth of 35.1%. This increase was mainly attributable to the growth in total enrolment and the rise in average selling price (ASP). The total enrollment rate was about 308,490, up 24.8% from 247,100 in the same period last year. This increase is mainly attributable to the growth of class enrolment in small classes. The average price was $298, up 8.2% from 275 dollars a year earlier. The increase was mainly due to the increase in the number of class-hours in small classes and exchange rate fluctuations.

Operating costs and costs

Operating costs and costs were $67.6 million, up 31.6% from 51.4 million U.S. dollars in the same period of 2013. Excluding share-price costs, the operating costs and costs of non-US GAAP were 65.8 million U.S. dollars, up 33.5% from 49.3 million US dollars in the same period last year.

Revenue costs rose 35% per cent to $43 million trillion, up from $31.8 million a year earlier. The increase in revenue costs is mainly due to the increase in teacher pay, the growth of rental costs and other costs associated with the expansion of learning centers, the growth of salaries and teacher costs, and the reconciliation costs of third-party litigation. Excluding share-price costs, non-US GAAP revenue growth rose 35.1% to $43 million, up from $31.8 million a year earlier.

Sales and marketing costs rose 20.9% to $8.5 million a year earlier, up from $7 million trillion over the same period. Excluding share-price costs, non-US general accounting standards sales and marketing costs rose 26.1% to 8.2 million U.S. dollars, up from the same period last year, 6.5 million U.S. dollars. This growth is mainly due to the increase in the remuneration of sales marketers who support more projects and services.

General management costs rose 28.8% per cent to $16.1 million trillion, up from 12.5 million dollars a year earlier. This growth was mainly attributable to the increase in general managerial remuneration resulting from the support of more projects and services, as well as to the amortization costs of Beijing's office space. Non-US general accounting standards, excluding the cost of share compensation, rose 33% per cent to 14.6 million U.S. dollars over the same period of 11 million dollars a year earlier.

In the second quarter, the total cost of shares that were allocated to related operating costs and costs fell 13% per cent to $1.8 million, down from $2.1 million a year earlier.

Gross profit

Gross profits rose 35.2% per cent to $49 million trillion, up from $36.2 million a year earlier.

Operating profit

Operating profits grew 46.6% per cent to $24.4 million trillion, up from $16.7 million a year earlier. Excluding share-price costs, operating profits for non-US general accounting standards rose 40% to $26.2 million, up from $18.8 million a year earlier.

Other profits (Fees)

Other costs for the second quarter were $300,000, compared with $300,000 a year earlier. Other costs for the quarter were mainly due to donations of 200,000 of dollars to victims of the Yaan quake.

Income tax expenses

The income tax in the second quarter was $3.5 million trillion, compared with $2.4 million a year earlier.

Net profit attributable to the good future

Net profits for companies that belong to the good future rose 45.4% to $23.3 million, up from $16 million a year earlier. Non-US GAAP net profits, excluding share-price costs, rose 38.7% per cent to $25.1 million a year earlier, up from $18.1 million trillion in the same period.

Basic and diluted share net profit per share ads

In the second quarter, the basic and diluted net profit for ads per share was 0.30 and $0.29 respectively. Excluding the cost of stock remuneration, non-US general accounting standards basic and diluted the net profit per share of ads is 0.32 and 0.31 respectively.

Capital expenditure

Capital spending in the second quarter was $3.3 million trillion, up 1.6 million dollars from 1.7 million trillion dollars in the same period last year. This increase is mainly due to the procurement of equipment, including servers, computers and other hardware devices for teaching purposes. These expenditures are intended to better support the company's operations.

Cash, cash equivalents and term deposits

As of August 31, 2013, cash and cash equivalents were USD 267.2 million and fixed deposit was $27 million. On February 28, 2013, the cash and cash equivalents were USD 185.1 million and the time deposit was 24.1 million dollars.

Deferred revenue

As of August 31, 2013, the future of the deferred revenue is 143.7 million U.S. dollars, higher than the same period last year, 103.3 million U.S. dollars, an increase of 39%.

Performance Outlook

The total net revenue for fiscal year 2014 will be $69.5 million to 71 million U.S. dollars, up 42% to 45% Year-on-year, based on current expectations for a good future.

This outlook reflects the current expectations of a good future and is likely to be adjusted.

Conference

A good future will be in the U.S. Eastern Time October 22 8:00 (Beijing time October 22 20:00), the financial results of the Conference meeting to discuss the second quarter of fiscal year 2014 earnings. The access mode of teleconference is as follows:

American toll-free number: +1-866-519-4004

HONG Kong Free Tel: 800-930-346

China free Tel: 400-620-8038

International Toll Tel: +65-6723-9381

Meeting Password: 81911776

Good future will be through the company's website of the Investor Relations page to provide teleconferencing online live and audio recordings, the site is en.100tal.com.

In the United States, October 29 11:59 (Beijing time October 29 23:59), the good future will be through the following telephone number to provide teleconferencing recordings:

American toll-free number: +1-855-452-5696

HONG Kong Free Tel: 800-963-117

China free Tel: 400-120-0932

International Toll Tel: +61-2-8199-0299

Meeting Password: 81911776