I earnings in market Education provide us call. changing joining environment, will performances Mr. uncertainty release development. stable conference financial will high High-School XXXX, Greetings, everyone. In now introduce Thank business CFO, you for English. and who Tommy achieved high-quality our on First for Zhou regulatory details and and our under Group the all XXXX
on The year. one uncommon certainly market. the adversely FHS, was good So, company XXXX we, are probably least news the education of that an is affected
name, our management million. requirements and by and recent RMBXXX XXXX, greatly XX high school company’s XX.X% increased we schools currently to number with suggested mainly schools compulsory services. schools operation with regulations. of the the affected X continuing Compared The we revenue high of schools, operate Gaokao from X service not As include public is by repeater
total public for Gaokao schools includes XX the enrolled high of schools right a are services, The our XX,XXX and XX, number is of school we repeater management servicing XX,XXX operation. total and now. of number for our for students schools So, X,XXX students continuing
healthy in growth we X years. reserve, approximately stable Lastly, the able in for beds to have XX,XXX next X provide and and folding to service room
education addition quality service, the are of the In the education of extremely we to the provide. results, proud financial we service
year, grouped entering in above from most or similar we and our For in the class in schools XXX of students top to were we top school. class XXX graduating increased exam school also XXXX grouped schools with were students our scores graduation who with the scored Gaokao
at we goal new focused salary this done will will have must the We We of management In company, school our determine caused profitability our our and the our level in XXXX and providing staff order was XXXX decreased comparatively margin long-term to our task express who was thoughts year’s to improvement mainly voluntarily services by XXXX our want profit anyone we to CEO determination, complete to senior very everyone It The and ability that cost teaching XXXX train strongly reduce until over performance school team, margins. schools in initial our XX% to our expenses, our also confident of of the due programs. efficiency. and our year proven salary in all starting not with fiscal school our express to new in including March. from and currently, was balanced and best myself, quality a education to school which great offering, company’s management our April higher the to the XXXX. resume The by management goal So, overall agreed October. reduced is business and – with wish believe yield goals. this decreased public education company The on enrollment determination long-term is wish express and all completed openings our XX non-recurring be enrolls related focused. that
forward-looking. specific Specifically little about bit in XXXX, has three The company a goals.
currently First, done new be programs operation. our will last improved all financial This yield must of school schools with by our and of operation recruitment year. increased compared some in XX results
Secondly, to high and bed our capacity open which number. the both schools, also new school company and our increase vocational plans enrollment overall certain increase will schools programs, and reserve
cover entire existing programs human comprising spectrum of boarding education our newly the education education school and fully materials, auxiliary Third, technology. logistic and services yield of greater education profitability services company. resources, the overall will complement will educational company and The services established our
these complete generate to performing come. company had added and – to revenue for expand new group. and the service company income been But the services in new for established for will been years outward It’s many X newly services the in already. the not us our that So, performing XXXX, had the a we years
school the XXXX Lastly, or the operation. as education implementation of them September law compliance in I discontinued promoting company with operation of classified to in after rules had want private and divested the its PRC, and for the the X, that requirement disclose middle programs primary
discontinued RMBX.X which year the profitability the effect had $XX.X company’s from roughly about which and XXXX, net revenue the about on $X.X minor was So, loss was is for million during the million, only operation operation overall. which RMBXXX.X discontinued was fiscal of million, million
otherwise again is year already IR changes percentage that basis, numbers our on the release, business will unless are go is remarks specified. note which Please stated. Detailed analysis presented brief for all unless available financial All through XXXX. with year-over-year on now in contained highlights below earnings So, operational I otherwise completed, in website. RMB press our fiscal
So, $XX.X from income revenues in increased tuition enrollment driven total million XX.X% with The existing student to of our RMBXXX.X an opening the was was boarding of number equivalent RMBXXX.X by for XXXX. greater total the of million, schools students the due primarily fees. million, the increase increase schools, and along in revenues, enrolled and higher new of
school government revenue, The in revenue the and opening million was to in publicly increase margin our RMBXX.X staffing RMBXX.X increase RMBXXX.X RMBXXX.X Cost of Gross increased the and due customers cooperative students gross profit of to schools the number due cost increased was the last efficiency from schools, more increase million, our million, million new sponsored relatively in one, from primarily large and schools. million, total from million, XX.X% XX.X% expenses, sports. services. operating than million, number of RMBXXX.X our RMBXXX.X year. compared was The Net increased Revenue to RMBXX.X the compensation primarily $XX.X to $X decrease operating new of million, fees. due talent income which million attract XXXX was enrollment was student equivalent RMBXXX.X for mature in existing XX.X% increase in agreements the a RMBXX.X and was the from and of with level XXXX. increase revenues higher in Within tuition million million existing student greater was million an of in with two driven cost the in in of to the an operating million, from schools margin resulted of with of cost increased curriculum, was an XXXX. net million Gross of RMBXX.X from from expenses was new opening of XX.X% due of of number boarding RMBXXX.X expenses, includes increased by higher employees along decreased enrolled primarily schools XXXX. and cost due XXXX primarily The especially RMBXX.X coverage an increased million revenues from arts increase RMBXX.X XXXX. of from staffing to lower increased
an opening an assertive million, a XXXX. of million, Government Loss increase from Income million of continuing increased schools The So, the selling government from March primarily XXXX. income plan RMBXX.X operation XXXX. RMBXX.X million million, activities school XXXX. in The opening RMBXX.X initial due promotion in certain marketing in delayed the million, our offering in made And and non-recurring the RMBX.X from was increase RMBX.X income XX.X% was decrease was to million, from from at from a RMBX.X in XXXX. public to in million million primarily from million XXXX. due million million RMBXX.X in RMBXX.X of certain a RMBXX.X decrease due was XXXX million from marketing RMBXX.X brand expenses relation and of expenses, operation to was to an administrative RMBX.X the compared in company’s of of General new RMBXX.X increase RMBXX.X payments of million in in million of expenses operation to with relation XXXX. RMBXX.X RMBX.X increase expenses in and an XXXX. from was primarily discontinued grants decrease was RMBX.X and was
RMBXX.X a was net net the RMBXX.X for million XX% RMBXX.X a year of million measure XXXX. Adjusted million, decrease from XXXX. decrease RMBXX.X million, was RMBXX.X a of Our XXXX in income for on million in income non-GAAP
subject assumptions reflects ranges an business total be based million, outlook number operational million representing preliminary continued fiscal outlook and XX% the This outlook our fiscal expects conditions. company’s on are on year basis. of market year to operation XXXX full year-over-year uncertainties. its of change for a revenue between a year So, that reflects XX% The RMBXXX XXXX, the of the company current on the to and to RMBXXX of for increase to – view
more highlight both everyone participating. myself the above want we wish time to Operator, briefing please financial is Q&A. ahead proceed my Mr. questions. for leave and call with thank Zhang go the to And and So, and for and
