Performance Estimate for the First Three Quarters of 2020
Estimated performance: Increase compared with the same period of last year
During this reporting period, the recruitment examinations have been fully resumed, and the marketing and teaching of the listed Company have returned to the normal level. The revenue to be recognized, which was delayed in the first half of 2020 due to the postponement of the exams, was partially recognized in the third quarter. Led by the employment stablization policies, the expansion of recruitment in public sectors has strongly empowered the development of the Company and successfully helped the Company to increase its market share. After making up the loss in the first half of 2020, the net profit still achieved steady and rapid growth compared with the same period of last year. In advance, the Company fulfilled the three-year accumulative performance commitment made at the time of restructuring and listing.(The final completion of the net profit commitment shall be subject to the auditor's special audit report)
During this reporting period, the Company’s online business grew fast while the offline market was steadily promoted. The advantages of OMO model shined brighter. The talent and capital investments on key driving factors, such as R&D, teaching, marketing and service, are gradually increasing. The Company’s R&D as well as its comprehensive strength have been strongly enhanced.