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
TheStreet Open House

China Education Resources Inc. Reports Q2 2012 Financial Results

Stock quotes in this article: CHN

www.chinaeducationresources.com

VANCOUVER, Aug. 30, 2012 /PRNewswire/ - China Education Resources, Inc. ("CER") (TSXV: CHN) (OTCQX: CHNUF), a leading technology provider of online learning, training courses and social media for teachers, students and education professionals, announced its financial results for the second quarter of 2012. All figures are expressed in U.S. dollars.

China Education Resources generated gross revenues of $1,824,968 in the second quarter of 2012. This is compared to gross revenue of $1,103,954 for the same period in 2011. The loss of the second quarter was $177,321 as compared to a loss of $398,431 for the same period in 2011.

During the six months ended June 30, 2012, the Company generated revenue of $4,362,780 as compared with $3,271,740 for the same period in 2011. The profit attributable to the owners of the Company for the period was $433,518 as compared to $45,560 for the same period in 2011.

Q2 of 2012 financial highlights include:

Online products revenue of $739,416 generated during the second quarter of 2012 as compared to $303,438 during the same period in 2011;

Text book sales revenue of $1,085,552 generated during the second quarter of 2012 as compared to $800,516 during the same period in 2011.

"We are very pleased with our increasing revenues in our Q2 2012 results, particularly for the digital textbook sales which have started to generate revenue." said Chengfeng Zhou, CEO, China Education Resources. "We are utilizing our internet platform and educational social network together with our existing online/offline products which will provide blended comprehensive education resources and services to teachers and students. Our goal is to strengthen our position as the leading provider of digital educations services to China's K-12 sector."

With the successfully launched digital textbook program, CER is being approached by educational publishers to develop and provide digital supplementary materials to students through our school platform.

1 of 3

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!
DOW 16,804.71 -238.19 -1.40%
S&P 500 1,946.16 -26.13 -1.32%
NASDAQ 4,422.0850 -71.3050 -1.59%

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