Dora Li, our CFO will walk you through our financial and operational performance as well as guidance for the next quarter. Dora, please.
Thank you Mr. Xu. As Mr. Xu just mentioned, we are very pleased to see more continued strong momentum into the second quarter of fiscal 2012 with both top line and bottom line showing strengths. Turning to the detailed financial results for the second quarter of fiscal year 2012, as they are available in our earnings release, I would like to highlight a few key financial metrics with you. All numbers will be in RMB unless otherwise stated.
On slide four, net revenue for the quarter was up 113% year-over-year. The strong growth was mainly driven by organic developments of existing Wentai Education and Little New Star businesses, and a full-quarter revenue contribution from Yuanbo Education. If you recall, Yuanbo Education only started to contribute to our top line in August during our July to September quarter.The revenue growth was higher than our guidance and was also partly due to the fact that the forecast is not factored in 1Q revenues as it only finalized all items in the second quarter. For the quarter, Wentai accounted for 54% of net revenues. Little New Star accounted for 23% and Yuanbo 22%. On slide five, starting this quarter we will report our revenue in terms of business services namely, kindergarten, primary and secondary schools and supplemental education. Revenues from the kindergarten services this quarter was RMB23 million, up 315% year-over-year, accounting for 50% of net revenue. Revenues from primary and the secondary school services was RMB15 million, up 57% year-over-year, and accounted for 33% of net revenues. Revenues from supplemental education services was RMB7 million, up 21% year-over-year and accounted for about 17% of net revenue. Read the rest of this transcript for free on seekingalpha.com
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV