This Day On The Street
Continue to site
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

Noah Education CEO Discusses Q1 2011 Results - Earnings Call Transcript

Overall, we initiated our fiscal year 2011 by proactively addressing the challenges we think. The initiatives and strategic imperatives we have implemented, firmly places on the road to recovery. Though there remains much work to do, we are focused on rebuilding our health channels, maintaining healthy inventory levels and accounts receivables and streamlining our cost-based and optimizing resources deployment in higher growth segments. Our management team is committed to accelerating organic and accretive growth within our educations services base.

With that I will now turn the call over to Dora to walk you through our financial performance for the quarter.

Dora Li

Thank you, Chairman. As you’ve seen from release, net revenue in the first quarter declined 46.5% year-over-year to RMB127.3 million, in line with our initial guidance, as we rebut our distribution network and recover sales in our core business, ELP sales or RMB107.6 million down 52.2% from the first quarter of fiscal 2010.

DLD revenue declined 25.8% to RMB62.6 million and the KLD revenue was down 73.7% year-over-year to RMB27.9 million. Both of these segments were impacted by pressing pressure and declining sales volume in light of the toughening competitive landscape and ongoing disruption from our channel realignment initiatives.

As we continue to actively stabilized and restore growth to our ELP business, we are also focused on building up our education service offering, which we will as a more profitable and sustainable long-term business. As you can see on slide 5, revenues from education services grew by more than 51.5% year-over-year to about RMB20 million during the quarter, in line with our strategic decisions to accelerate the growth from this segment.

Little New Star accounted for RMB 11.6 million of education services revenue this quarter, with the remaining RMB8.1 million coming from two-month contribution from Wentai Education since the completion of acquisition on July 29, 2010.

Read the rest of this transcript for free on

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.70 -0.60%
FB $101.91 0.90%
GOOG $683.11 -0.15%
TSLA $150.47 4.73%
YHOO $26.76 -1.25%


Chart of I:DJI
DOW 15,660.18 -254.56 -1.60%
S&P 500 1,829.08 -22.78 -1.23%
NASDAQ 4,266.8370 -16.7550 -0.39%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs