China Liberal Education Holdings Limited Reports Financial Results for Fiscal Year 2020
News provided by
Share this article
Share this article
BEIJING, April 30, 2021 /PRNewswire/ China Liberal Education Holdings Limited (Nasdaq: CLEU) ( China Liberal, or the Company, or we ), an educational service provider in China, today announced its financial results for the fiscal year ended December 31, 2020.
Ms. Ngai Ngai Lam, Chairwoman and CEO of China Liberal, commented, We delivered strong results for fiscal year 2020. The number of students enrolled in our Sino-foreign jointly managed education programs increased by 22.1%. For fiscal year 2020, our gross profit increased by 51.2% to $2.87 million and gross margin reached 57.1%. Our net income increased by 176.0% to $1.21 million for fiscal year 2020. Looking forward, we will implement our growth strategy in identifying, acquiring, and integrating schools including universities, colleges, technical secondary schools or full-
Revenue increased by 20.8% year-over-year to $2.27 million for the six months ended June 30, 2020 from $1.88 million for the same period last year.
Gross profit decreased by 8.1% to $0.79 million for the six months ended June 30, 2020 from $0.86 million for the same period last year.
Gross margins were 34.7% and 45.6% for the six months ended June 30, 2020 and 2019, respectively.
Loss from operations was $0.11 million for the six months ended June 30, 2020, compared to income from operations of $0.19 million for the same period last year. Operating loss margin was 5.0% for the six months ended June 30, 2020, compared to operating profit margin of 10.1% for the same period last year.
Net loss was $0.08 million for the six months ended June 30, 2020, compared to $0.14 million for the same period last year.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
China Liberal Education Holdings Limited Starts Higher Volume Production and Expands Domestic Sales Channels of All-in-one Machine AI-Space
December 18, 2020 GMT
BEIJING, Dec. 18, 2020 /PRNewswire/ China Liberal Education Holdings Limited (Nasdaq: CLEU) (“China Liberal”, or the “Company”, or “we”), an educational services provider in China, today announced that the Company had started higher volume production and expanded domestic sales channels of AI-Space (“AI-Space”), an all-in-one machine designed to provide highly integrated visualization solutions for various scenarios with strict reliability requirements.
The Company has signed four regional sales cooperation agreements (the “Agreements”) with four companies (the “Regional Sales Agents”) covering the markets of five provincial-level regions in China, which are Sichuan, Shandong, Inner Mongolia, Shanxi and F
Share this article
Share this article
BEIJING, Dec. 15, 2020 /PRNewswire/ China Liberal Education Holdings Limited (Nasdaq: CLEU) ( China Liberal , or the Company , or we ), an educational services provider in China, today reported the sales results of its self-developed textbooks published by Fudan University Press ( FUP ). A total of 46,626 copies of textbooks were sold as of December 14, 2020 and some of these textbooks were distributed to the Chinese host universities, including Fuzhou Melbourne Polytechnic and Straits Institute of Mingjiang University, to be used in the joint education programs.
The Company signed three book publishing contracts (the Contracts ) with FUP on November 7, 2019. Pursuant to the Contracts, FUP agreed to pay the Company royalties in exchange for FUP s exclusive publication and distribution rights for 12 English textbooks which were developed and edited by the Company with emphasis on language training (including reading, writing, speaking and
Share:
BEIJING, Dec. 10, 2020 /PRNewswire/ China Liberal Education Holdings Limited (NASDAQ:CLEU) ( China Liberal , or the Company , or we ), an educational services provider in China, today announced that the Company has successfully provided services under four agreements (the Agreements ) with Wuhan Wangjie Hengtong Information Technology Co., Ltd. ( WWH ), one of the service providers of State Grid Corporation of China ( SGC ), a Chinese state-owned electric utility corporation, to provide technical support services for SGC.
Pursuant to the Agreements with terms ranging from one month to one year in 2020, the Company agreed to provide technical support for the construction of the comprehensive operational capacity of SGC s power supply command center, in order to achieve the function of multi-location video conference, which is used for scheduling meetings, consultations, discussions and training sessions. The Company also agreed to develop remote video interactive inform