Learn to think down revenue expectations frankly the new deal has a short-term impact

Every reporter Chen Chenting from Beijing because of the extraordinary repair training by CCTV news exposure, education and training institutions to think about the recent release of the quarterly has attracted the attention of the industry. The recent release of the fiscal year ended August 31, 2012 in the second quarter of 2013 without the audit results, learned to think when Ti Ying received 68.1 million U.S. dollars, an increase of 32.3% per cent, net profit of 16 million U.S. dollars, compared with the same period last year 10.7 million U.S. dollar growth of 49.7%. In this beautiful report card behind, learning and thinking is not taboo Beijing Municipal Education Commission Olympiad number policy may affect the company. Watch out for small class teaching August 20, Beijing Municipal Board of Education for the early release of the "Beijing Four", strictly prohibit the number of Olympiad and enrollment hook, and stopped the private training institutions a large number of Olympiad courses. August 26, the learning and thinking of the extraordinary video of the film was exposed, this by virtue of the number of primary school Olympic training institutions to become the focus of public opinion. For the impact of this incident, the study of the CFO Joseph Kaufman The explanation is that the new policy of Beijing Municipal Education Commission was introduced in late August, the impact on enterprises began to appear in September, the study and thought of the third quarter and the Full-year earnings forecast has been reflected. In addition, Kaufman says that while learning is indeed seeking to control the growth of the 1-1 business, the market for 1 to 1 courses is more competitive than in small classes, and they are more likely to be in small-class teaching mode. "The futures will continue to invest in 1 to 1 operations to ensure that the business is complementary to the small class model," he said. We hope that 1 of the 1 business will bring 30% profit. However, it may take another 3-5 years to achieve this goal. Kaufman stressed. At the same time, the study and thought down the 2013 fiscal year as at February 28, 2013 earnings forecasts, the company's expected annual revenue from the previous 230.8 million ~2.397 billion to 227.2 million ~2.326 billion, the annual revenue growth from the former 30%~35% down to 28%~31%. Some insiders said that according to the study and thought down the upper limit of revenue forecast 4%, the primary School Olympiad events on its revenue impact on about 7 million U.S. dollars. For the first quarter of learning, CIC consultant researcher Shen Zheyan told the Daily Economic news reporter, from the quarterly report, the primary School Olympiad events to learn and think indeed caused a certain impact, on the one hand, the Chinese concept stocks once the slightest sign of trouble, it will be in the U.S. stock market caused no small waves; Learn to think the brand image is still affected by some. However, I, U.S. stock analyst Li still optimistic about the development of learning and thinking, "in the teaching center to reduce the situation, learning to realize the three consecutive quarterly revenue, profit double growth, indicating that in improving the utilization of teaching centers, learning and thinking is a significant effect." "The future of the primary Olympiad is noteworthy, some sources said that Beijing Municipal Education Commission may also introduce new rules for the primary School Olympiad training norms, and this deal for the study and thinking and those engaged in primary School Olympiad training of the educational institutions will have how much impact? Li, a U.S. stock analyst, told the Daily economic news reporter that the current successThe listed education and training enterprises, in addition to the primary School Olympiad training as the important business of the study, learning and the Jinghan education of Amber also opened a primary school Olympiad courses, mostly using 1 to 1 of the teaching model. Gorth Education, Longwen education and giant education are also available in the education and training institutions that have not been listed, but because these enterprises are not listed yet, the specific business ratio is not clear. In the opinion of CIC consultant researcher Shen Zheyan, the impact of the primary School Olympiad on education and training institutions is mainly to reduce the profit of these educational training institutions. As the state Education Department expressly prohibits the linkage of Olympiad numbers to enrolment and the suspension of a large number of Olympiad courses in the private training institutions, educational institutions may also find potential development projects. But for the future of Olympiad training, the CFO Kaufman, who is learning to think, doesn't seem to worry. "There is one thing that will not change, that is mathematics, and we believe that a better mathematical foundation will remain an important part of the student learning phase." To some extent, in the more stable education system, mathematics will continue to be the school's important certification of academic performance. Kaufman explained.