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51job's CEO Discusses 4Q2011 Results - Earnings Call Transcript

51job, Inc. ( JOBS)

Q4 2011 Earnings Call

February 23, 2012 8:00 p.m. EST


Linda Chien – Head of IR

Rick Yan – President and CEO

Kathleen Chien – COO and Acting CFO


Philip Wan – Morgan Stanley

Tim McHugh – William Blair & Co.

Wendy Huang – Royal Bank of Scotland

Alicia Yap – Barclays Capital

Ming Zhao – SIG

Dick Wei – JP Morgan

Andy Zhao – Bank of America-Merrill Lynch



Good morning and good afternoon, ladies and gentlemen. Thank you for holding. Welcome to the 51job, Inc. fourth quarter and fiscal year 2011 conference call. (Operator Instructions).

I would now hand the conference over to Ms. Linda Chien, Head of the Investor Relations. Thank you, madam. Please go ahead.

Linda Chien

Thank you, [Ming], and thank you all for attending this teleconference to discuss unaudited financial results for the fourth quarter and fiscal year ended December 31, 2011.

With me for today’s call are Rick Yan, President and Chief Executive Officer, and Kathleen Chien, Chief Operating Officer and Acting Chief Financial Officer.

A press release containing fourth quarter and full-year 2011 results was issued earlier today and a copy may be obtained throughout our website at

Before we begin, I would like to remind you that during this call statements regarding targets for the first quarter of 2012, future business and operating results constitute forward-looking statements within the meaning of Section 21-E of the Securities Exchange Act of 1934 as amended and as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon management’s current expectations and actual results could differ materially.

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