School education net loss of $9.9 million

Sina Science and technology news Beijing time of February 27 evening, the School of Education (Nyse:xue) today released the 2011 financial year Quarter and the full year earnings. In the quarter, the total net revenue of education was $47.8 million, which grew by 28.2% compared with 37.3 million dollars a year earlier.　　Net loss of 9.9 million U.S. dollars, and a year ago to achieve a net profit of 900,000 U.S. dollars. A summary of the quarterly results: Total net revenue was $47.8 million, up 28.2% from 37.3 million dollars a year earlier.　　Net loss of 9.9 million U.S. dollars, and a year ago to achieve a net profit of 900,000 U.S. dollars.　　Gross profit was $6.9 million, down 25.6% from 9.3 million dollars a year earlier.　　Operating loss of 11.3 million U.S. dollars, and a year earlier to achieve operating profit of 600,000 U.S. dollars.　　Net loss of 9.9 million U.S. dollars, and a year ago to achieve a net profit of 900,000 U.S. dollars. By the end of the fourth quarter, the number of teaching centers had increased to 295, covering 63 cities.　　As of the third quarter of fiscal year 2011, there were 273 teaching centers covering 62 cities.　　The teaching period was 1.83 million hours, up 9% from 1.68 million hours a year earlier.　　The number of students served was about 53,498, up 19.2% from 44876 a year earlier.　　The average fee is 27.1 dollars per lesson, up 16.3% from 23.3 dollars a year earlier.　　Annual Performance Summary for fiscal year 2011: Total net revenue is $221.7 million, up 43.9% from 154.1 million dollars in fiscal year 2010.　　Gross profit was $65.5 million, up 29.4% from 50.6 million dollars in fiscal year 2010.　　Operating profit of 3.5 million U.S. dollars, and 2010 fiscal year 10.8 million dollars.　　Net profit is 4.8 million USD, and 2010 fiscal year is 10.3 million dollars. By the end of fiscal year 2011, the number of teaching centers had increased to 295, covering 63 cities.　　At the end of fiscal year 2010, there were 207 teaching centers, covering 53 cities.　　The teaching time was 9 million hours, up 28.2% from 7 million hours in fiscal year 2010.　　The number of students served is about 117,000, up 31.7% from 89,000 people in fiscal year 2010.　　The average fee is 25.8 dollars per lesson, up 11.7% from 23.1 dollars in fiscal year 2010. "Although the quarter's revenue exceeds our expectations, education will continue to work to further accelerate revenue growth," says Jinxin, co-founder and CEO of the School of Education. In the quarter, we reorganized the company's headquarters and appointed a number of heads of core departments, mainly from regional branches and experienced. Based on the company's current favorable situation, it is believed that rapid growth will soon resume. "Major education CFO Gao Jun said:" In the quarter's gross profit margin year-on-year decline is mainly due to slow revenue growth and rental costs and fixed cost increases, as revenue growth has been restoredWe believe the gross margin will improve in the next few quarters. In fiscal year 2012, China's personalized education market opportunities are unlimited, we will increase the number of teaching centers. "Four-quarter performance analysis: Net revenue of 47.8 million U.S. dollars, compared with the same period of 37.3 million U.S. dollars a year ago, a 28.2% increase."　　Revenue growth is mainly due to increased classroom hours and higher fees per class. Revenue costs are $40.8 million trillion, up 46.2% from 27.9 million dollars a year earlier. The increase in revenue costs is mainly due to the increase in teacher costs, rents and the number of teaching centres.　　Revenues accounted for 85.5% of total revenue, up from 75% a year earlier. Gross profit was $6.9 million, down 25.6% from 9.3 million dollars a year earlier.　　Gross profit margin was 14.5%, compared with 25% a year earlier.　　Operating expenses were $18.5 million trillion, up 109.4% from 8.8 million dollars a year earlier. General and administrative expenses were $11.2 million, up 117.5% from 5.1 million dollars a year earlier.　　The increase in general and administrative expenses is mainly attributable to the increase in the number of staff. Sales and marketing expenditures were $7.3 million trillion, up 98.2% from 3.7 million dollars a year earlier.　　The growth of sales and marketing expenditures is mainly due to increased expenditures related to advertising, marketing, branding, and marketing team expansion.　　Operating loss of 11.3 million U.S. dollars, and a year earlier to achieve operating profit of 600,000 U.S. dollars.　　Net loss of 9.9 million U.S. dollars, and a year ago to achieve a net profit of 900,000 U.S. dollars.　　Based on non-US General Accounting Standards (NON-GAAP), the net loss was $9.3 million, compared with a net profit of $1.5 million a year earlier. The US depository shares lost a basic loss of $0.15 trillion, compared with a $0.01 a year earlier.　　Based on non-US general accounting standards, the US depository shares have a basic loss of $0.14 trillion, compared with a $0.02 a year earlier. The United States depository shares diluted losses of $0.15, compared with a share of $0.01 a year earlier. Based on non-US GAAP, the United States depository shares diluted losses of $0.14 trillion, while diluted earnings of $0.02 a year earlier.　　The United States depository shares are equivalent to 2 common shares per share. 2011 Annual Results Analysis: Total net revenue of 221.7 million U.S. dollars, compared with 2010 in fiscal year 154.1 million U.S. dollars to increase 43.9%.　　Revenue growth is mainly due to increased classroom hours and higher fees per class. The revenue cost is 156.2 million dollars, up 50.9% from 103.5 million dollars in fiscal 2010. The increase in revenue costs is mainly due to the increase in teacher costs, rents and the number of teaching centres. In fiscal year 2011, 88 new teaching centres were set up in the school of Education, and 76 teaching centres were set up in fiscal year 2010.　　Revenue accounted for the total revenue ratio of 70.5%, higher than the 2010 fiscal year 67.1%. Gross profit of 65.5 million dollars, with 20In the 10 fiscal year, 50.6 million dollars grew 29.4%.　　Gross profit margin is 29.5, and 2010 fiscal year is 32.9%.　　Operating expenses were $62.4 million trillion, up 56% from 40 million dollars in fiscal year 2010. General and administrative expenses were $36.4 million, up 53.1% from 2380 dollars in fiscal year 2010.　　The increase in general and administrative expenses is mainly attributable to the increase in the number of staff. Sales and marketing expenditures were $25.9 million trillion, up 60.3% from 16.2 million dollars in fiscal year 2010.　　The growth of sales and marketing expenditures is mainly due to increased expenditures related to advertising, marketing, branding, and marketing team expansion.　　Operating profit of 3.5 million U.S. dollars, and 2010 fiscal year 10.8 million dollars.　　Net profit is 4.8 million USD, and 2010 fiscal year is 10.3 million dollars.　　Based on non-US General Accounting Standards (NON-GAAP), net profit is USD 8.9 million, while net profit for fiscal year 2010 is 12.2 million USD. The base income of US depository shares per share is $0.07, while the basic income of fiscal 2010 is $0.18.　　Based on non-US general accounting standards, the United States depository shares of the basic income of 0.13 U.S. dollars, and 2010 of the basic income of 0.22 U.S. dollars. Each share of the United States depository shares diluted earnings of 0.07 U.S. dollars, and 2010 fiscal year diluted earnings per share of 0.18 U.S. dollars. Based on non-US general accounting standards, the US depository shares have earned $0.13 trillion in earnings per share, compared with $0.21 a year earlier.　　The United States depository shares are equivalent to 2 common shares per share.　　As of December 31, 2011, Education had cash, cash equivalents and regular deposits of 225.7 million of dollars.　　As of December 31, 2011, deferred revenue was $101.4 million, compared with $86.2 million as at December 31, 2010.　　Stock repurchase: As of February 27, 2012, as part of the 30 million dollar share repurchase scheme, the major trade has bought up 3,190,271 shares of US depository shares at a price of US $3.511 per share of U.S. depository shares, at a total cost of about $11.2 million. Fiscal year 2012: Major education predicts that revenue will reach $59.7 million to 62.2 million in the first quarter of the 2012 fiscal year, with a growth of 17.5% and 22.5% year-on-year.　　Revenues will reach $272 million to $282 million trillion for the entire 2012 fiscal year, up 22.5% to 27% compared with the 2011 fiscal year. Conference Call: Education will be in the U.S. Eastern Time February 27 8 o'clock in the morning (Beijing time February 27 Night 9 o'clock) conference call, listen to the telephone conference number as follows: United States: 1-866-519-4004 USA/International: 1-718-354-1231 China (free) : 800-930-346 China Hong Kong (paid): 852-2475-0994 Mainland China: 86-800-819-0121 China (MOBILE): 400-620-8038 Password: 50888089 (Li Ming)