Director Wang had a meeting out of town and also did not rush back to the company.

The deputy director of the finance department submitted the financial report to the company's investor relations department in preparation for uploading.

Wei Lin called Su Yang and reported his idea. After getting Su Yang's agreement, he started working on it.

...

The third day, 10 o'clock.

Because it is only a temporary quarterly financial report, it does not require the approval of the board of directors and the board of supervisors. It has the signature and seal of the finance department and chairman of the board, so the investor relations department easily checked the manuscript and passed the final review of the financial report.

After the financial report was approved internally, the investor relations department began to upload it to the reservation system of the Hong Kong Stock Exchange and simultaneously released it to the statutory disclosure media of the Hong Kong Stock Exchange.

Because the Hong Kong Stock Exchange does not require the disclosure of quarterly financial reports, there were not many companies lining up to disclose color reports in early April. In just ten minutes, the upload of the financial reports was completed and the release was successful.

Therefore, not long after the Hong Kong stock market opened, Xinli Education dropped a huge stone on its stagnant stock price lake.

Because Xinli Education was about to go public, the founder passed away, and the business philosophy changed after the listing, investors were not very optimistic about it, so the stock price fell all the way, once falling from 40 yuan to about 30 yuan. It dropped by nearly four points.

The market value of one.

But this quarter released by Xinli Education slapped everyone in the face.

The report shows that although Xinli Education invested a lot in opening branches, it successfully attracted local potential users. In three months, 56 branches were successfully opened, bringing considerable online revenue.

Traffic and offline income are also increasing.

This resulted in Xinli Education achieving total revenue of 2.15 billion yuan in the first quarter of 2015, a year-on-year increase of 73.7%; gross profit of 830 million yuan, a year-on-year increase of 44.3%; net profit of 190 million yuan, a year-on-year increase of 21.9%, higher than

previous market expectations.

At the end of the quarterly financial report, Cao Qiguang, CEO of Xinli Education, said: “In 2015, Xinli Education will continue to invest funds in opening branches, and adopt both franchise and direct operation models to establish hundreds of branches across the country.

"

"While these branches will further increase Xinli Education's offline revenue, they will also attract more users for online teaching."

"Xinli Education will introduce more senior teachers to improve the quality of teaching and the diversity of courses, and continue to cultivate and expand the online education platform and user community."

"And Xinli Education is also optimizing the group's income structure and increasing the group's income."

"I believe these measures will help enhance the company's competitive advantage and provide strong support for long-term sustainable development."

I have to say that Cao Qiguang’s rhetoric is still very easy to deceive people. Judging from his explanation, there is a feeling that if the Xinli Education branch is moved, it will immediately become the number one private education institution in the country.
Chapter completed!