Gross profit 26,688 29,656 4,183
General and
administrative
expenses (23,549) (27,187) (3,835)
Sales and marketing
expenses (2,244) (8,130) (1,147)
---------- ---------- ----------
Operating income (loss) 895 (5,661) (799)
Subsidy income 49 596 84
Interest income, net 2,224 7,484 1,056
Unrealized holding gain
in investments 1,304 5,017 708
Other income (expense),
net 1,394 (978) (138)
---------- ---------- ----------
Income before income
taxes 5,866 6,458 911
Income tax expense (154) (3,451) (487)
Net income 5,712 3,007 424
Net income attributable
to non-controlling
interest 664 928 131
---------- ---------- ----------
Net income attributable
to Four Seasons
Education (Cayman)
Inc. 5,048 2,079 293
========== ========== ==========
Net income per
ordinary share:
Basic 0.24 0.10 0.01
Diluted 0.24 0.10 0.01
Weighted average
shares used in
calculating net income
per ordinary share:
Basic 21,189,215 21,189,440 21,189,440
Diluted 21,189,215 21,234,983 21,234,983
FOUR SEASONS EDUCATION (CAYMAN) INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE
INCOME
(in thousands, except share data and per share data)
Six Months Ended August 31,
--------------------------------
2023 2024 2024
------------ ---------- ------
RMB RMB USD
Net income 5,712 3,007 424
Other comprehensive
income, net of tax of
nil
Foreign currency
translation adjustments 1,641 508 72
----------- ---------- ------
Comprehensive income 7,353 3,515 496
Less: Comprehensive income
attributable to
non-controlling interest 664 928 131
----------- ---------- ------
Comprehensive income
attributable to Four
Seasons Education (Cayman)
Inc. 6,689 2,587 365
=========== ========== ======
FOUR SEASONS EDUCATION (CAYMAN) INC.
RECONCILIATION OF GAAP AND NON-GAAP RESULTS
(in thousands, except share data and per share data)
Six Months Ended August 31,
--------------------------------
2023 2024 2024
---------- --------- ---------
RMB RMB USD
Operating income (loss) 895 (5,661) (799)
Add: share-based
compensation expenses 1,800 4,086 576
--------- --------- ---------
Adjusted operating income
(loss) (non-GAAP) 2,695 (1,575) (223)
========= ========= =========
Net income 5,712 3,007 424
Add: share-based
compensation expenses (net
of tax effect of nil) 1,800 4,086 576
Add: unrealized holding
gain in investments (net
of tax effect of nil) (1,304) (5,017) (708)
--------- --------- ---------
Adjusted net income
(non-GAAP) 6,208 2,076 292
========= ========= =========
Basic net income per ADS
attributable to ordinary
shareholders 2.70 1.42 0.20
Add: share-based
compensation expenses per
ADS attributable to
ordinary shareholders 0.85 1.93 0.27
Add: unrealized holding
gain in investments per
ADS attributable to
ordinary shareholders (0.62) (2.37) (0.33)
Adjusted basic net income
per ADS attributable to
ordinary shareholders
(non-GAAP) 2.93 0.98 0.14
Diluted net income per ADS
attributable to ordinary
shareholders 2.70 1.42 0.20
Add: share-based
compensation expenses per
ADS attributable to
ordinary shareholders 0.85 1.92 0.27
Add: unrealized holding
gain in investments per
ADS attributable to
ordinary shareholders (0.62) (2.36) (0.33)
Adjusted diluted net income
per ADS attributable to
ordinary shareholders
(non-GAAP) 2.93 0.98 0.14
Weighted average ADSs
used in calculating
earnings per ADS
Basic 2,118,922 2,118,944 2,118,944
Diluted 2,118,922 2,123,498 2,123,498
View original content:https://www.prnewswire.com/news-releases/four-seasons-education-reports-first-half-of-fiscal-year-2025-unaudited-financial-results-302337184.html
SOURCE Four Seasons Education Inc.
(END) Dow Jones Newswires
December 20, 2024 06:00 ET (11:00 GMT)
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