This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Noah CEO Discusses F4Q10 Results - Earnings Call Transcript

Therefore, in fiscal 2011, Wentai would lay groundwork for meaningful growth starting in fiscal 2012 and beyond. We’re excited to work on Wentai into their Noah family and look forward to further executing on our strategy of acquisitive growth in education services base by uncovering additional attractive business to add to our portfolio.

Turning to slide three, we are also ardently focused on streamline -- streamlining cost base in order to preserve modern hours. To achieve this, we have identified several initiatives to reduce operational spending. We would institute tighter cost controls and select headcount reductions across various departments, including sales and marketing, back office administration, production and research.

In order to align our available resources with demand and performance, new addition, we plan to review our current advertising and marketing programs and identify areas that we can more efficiently and cost effectively reach our target audience. We expect to achieve RMB20 million in cost savings in fiscal year 2011 through this initiative.

I would like to point out that this RMB20 million will not be evenly distributed through the four quarters of fiscal 2011. Given the first fiscal quarter is our seasonally strongest, we will retain many resources to meet demand and intend to ask you to more actively on this cost saving plan, starting in the fiscal second quarter.

Looking ahead to our new fiscal year and taking you into account, the aforementioned competitive environment, recovery process of our ELP business and on going expansion in the education service business. Our guidance is outlined on slide 14 for the first of fiscal quarter of 2011.

We anticipate total revenue to be in the range of RMB123 to RMB129 million. Within this range, the ELP portion of our business should contribute approximately on RMB102.5 to 106.5 million, with additional RMB12.5 to 13.5 million for Little New Star and RMB8 to 9 million from Wentai Education during the quarter, following the completion of the acquisition.

9 of 19

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs