CHINA EDUCATION RESOURCES INC. : http://www.chinaeducationresources.com/ : QwikReport

In the News

#Thu May 30, 2019
China Education Resources Inc. Reports Q1 2019 Financial Results

 VANCOUVER, Canada (May 30, 2019) - China Education Resources, Inc. ("CER") (TSXV: CHN) (OTC: CHNUF), an ed-tech company with leading technology of intelligent system and contents to provide online/offline learning, training courses and social media for teachers, students and education professionals, announced its financial results for the first quarter of 2019. All figures are expressed in U.S. dollars.

During the three months ended March 31, 2019, the Group generated revenue of $1,886,379 as compared with $2,751,149 for the same period of last year. The net income attributable to the shareholders of the Group for the period was $86,235 as compared with $161,162 for the same period of last year.

The Q1 of 2019 financial highlights are as summarized as follows:



The decrease in revenue from online products was mainly due to the delay in conducting teacher training by some cities in China. As all of our sales revenue were generated in China in Chinese local currency, Renminbi ("RMB"), there are the impact of conversion into USD with different exchange rates at different period of time.

"CER's business is doing well and we are continually making profit." said Chengfeng Zhou, CEO, China Education Resources. "We expect the sales of the Company will grow and our unique and comprehensive blend of education resources and services will provide CER with long-term revenue potential." For more information, please visit www.chinaeducationresources.com or Email: admin@chinaeducationresources.com.

In collaboration with China's education administrators and experts, China Education Resources has been helping to transform the curriculum of the world's largest educational system. Recognizing the need to address education reform changes, China Education Resources has created educational tools and curriculum for China's entire kindergarten through twelfth grade system. The Company is playing an integral part in transforming China's educational system through helping to convert the existing educational system from a memory-based learning system to a creative thinking and interactive approach. Presently, China Education Resources has over 1 million kindergarten through twelfth grade teachers registered through its Web portal.

Safe Harbor Statement

Certain statements made herein, and other statements relating to matters that are not historical facts and statements of our beliefs, intentions and expectations about developments, results and events which will or may occur in the future, constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information and statements are typically identified by words such as "anticipate", "could", "should", "expect", "seek", "may", "intend", "likely", "plan", "estimate", "will", "believe" and similar expressions suggesting future outcomes or statements regarding an outlook. All such forward-looking information and statements are based on certain assumptions and analysis made by China Education Resources, Inc.'s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading "Risks and Uncertainties" elsewhere in the Company's MD&A filed at www.SEDAR.com. The reader is cautioned not to place undue reliance on forward-looking information or statements. Except as required by law the Company does not assume the obligation to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future, unanticipated events.

The TSX Venture Exchange has not reviewed, and does not accept, responsibility for the adequacy or accuracy of the contents of this press release.
Contact China Education Resources at: (604) 331-2388
Email: admin@chinaeducationresources.com.
Website: http://www.chinaeducationresources.com
 
#Wed May 1, 2019
China Education Resources Inc. Generated Revenues of $11,863,343 in 2018

 VANCOUVER, Canada (May 1, 2019) - China Education Resources, Inc. ("CER") (TSXV: CHN) (OTC: CHNUF), an ed-tech company with leading technology of intelligent system and contents to provide online/offline learning, training courses and social media for teachers, students and education professionals, announced its audited financial results for the year ended December 31, 2018. All figures are expressed in U.S. dollars except otherwise stated.

For the year ended December 31, 2018, CER reported aggregate sales revenue of $11,863,341 as compared to $11,825,995 for the same period in 2017. The Company recognized a net loss for the year ended December 31, 2018 of $151,698 attributable to the shareholders as compared to a net profit of $1,357,757 attributable to the shareholders for the same period in 2017.

The 2018 financial highlights are as summarized as follows:


There was an increase in revenue from the book sales and distribution services and decrease in revenue from online products in 2018 as compared to the same period in 2017. The decrease in revenue from online products was mainly due to the delay in conducting teacher training by some cities in China.

The Group changed from a net income position in 2017 to a net loss position in 2018. This was mainly due to the increase in cost of development and marketing of new programs. We will update our shareholders the progress of the new programs.

In collaboration with China's education administrators and experts, China Education Resources has been helping to transform the curriculum of the world's largest educational system. Recognizing the need to address education reform changes, China Education Resources has created educational tools and curriculum for China's entire kindergarten through twelfth grade system. The Company is playing an integral part in transforming China's educational system through helping to convert the existing educational system from a memory-based learning system to a creative thinking and interactive approach. Presently, China Education Resources has over 1 million kindergarten through twelfth grade teachers registered through its Web portal.

Safe Harbor Statement

Certain statements made herein, and other statements relating to matters that are not historical facts and statements of our beliefs, intentions and expectations about developments, results and events which will or may occur in the future, constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information and statements are typically identified by words such as "anticipate", "could", "should", "expect", "seek", "may", "intend", "likely", "plan", "estimate", "will", "believe" and similar expressions suggesting future outcomes or statements regarding an outlook. All such forward-looking information and statements are based on certain assumptions and analysis made by China Education Resources, Inc.'s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading "Risks and Uncertainties" elsewhere in the Company's MD&A filed at www.SEDAR.com. The reader is cautioned not to place undue reliance on forward-looking information or statements. Except as required by law the Company does not assume the obligation to revise or update these forward looking statements after the date of this document or to revise them to reflect the occurrence of future, unanticipated events.

The TSX Venture Exchange has not reviewed, and does not accept, responsibility for the adequacy or accuracy of the contents of this press release.
Contact China Education Resources at: (604) 331-2388.
Email: admin@chinaeducationresources.com.
Website: http://www.chinaeducationresources.com
 
#Mon Dec 3, 2018
China Education Resources Inc. Corporate Update

 VANCOUVER, Canada (December 3, 2018) - China Education Resources, Inc. ("CER") (TSXV: CHN) (OTC: CHNUF), an ed-tech company with leading technology of intelligent system and contents to provide online/offline learning, training courses and social media for teachers, students and education professionals, today provides shareholders and investors with an update on its business performance.

CER is continually making progress on its business and has the following achievements:

1. Soccer Project

CER has developed comprehensive supplementary soccer training program, including special training balls with online video materials and online platform for the interaction between teachers and students, to support our soccer textbooks. The program has been tried in both school and indoor soccer training facility and the initial responses are very encouraging.

CER is working with various education authorities on the implementation of soccer textbooks and supplementary soccer training program and expect the programs will be adopted by certain schools in different areas of China.

2. Kindergarten Program

Based on CER's existing kindergarten teacher training program, CER has developed an online kindergarten platform to provide contents and services to kindergarten students, their parents, kindergarten teachers and kindergarten schools. The platform and services will be launched soon. We expect the program will generate revenue in 2019 and bring more customers to our online platform.

3. Existing Business

CER's online teacher training program is continually doing well and keeping expanding into new areas in China. There are no much changes for the sales of existing textbook products.

We are pleased of making progress in both our new and existing products and expect them to generate more revenue in 2019.

In collaboration with China's education administrators and experts, China Education Resources has been helping to transform the curriculum of the world's largest educational system. Recognizing the need to address education reform changes, China Education Resources has created educational tools and curriculum for China's entire kindergarten through twelfth grade system. The Company is playing an integral part in transforming China's educational system through helping to convert the existing educational system from a memory-based learning system to a creative thinking and interactive approach. Presently, China Education Resources has over 1 million kindergartens through twelfth grade teachers registered through its Web portal. For more information, please visit www.chinaeducationresources.com or call (604) 331-2388.

Safe Harbor Statement

Certain statements made herein, and other statements relating to matters that are not historical facts and statements of our beliefs, intentions and expectations about developments, results and events which will or may occur in the future, constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information and statements are typically identified by words such as "anticipate", "could", "should", "expect", "seek", "may", "intend", "likely", "plan", "estimate", "will", "believe" and similar expressions suggesting future outcomes or statements regarding an outlook. All such forward-looking information and statements are based on certain assumptions and analysis made by China Education Resources, Inc.'s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading "Risks and Uncertainties" elsewhere in the Company's MD&A filed at www.SEDAR.com. The reader is cautioned not to place undue reliance on forward-looking information or statements. Except as required by law the Company does not assume the obligation to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future, unanticipated events.

The TSX Venture Exchange has not reviewed, and does not accept, responsibility for the adequacy or accuracy of the contents of this press release.
Contact China Education Resources at: (604) 331-2388
Email: admin@chinaeducationresources.com.
Website: http://www.chinaeducationresources.com
 
#Thu Nov 29, 2018
China Education Resources Inc. Reports Q3 2018 Financial Results

 VANCOUVER, Canada (November 29, 2018) - China Education Resources, Inc. ("CER") (TSXV: CHN) (OTC: CHNUF), an ed-tech company with leading technology of intelligent system and contents to provide online/offline learning, training courses and social media for teachers, students and education professionals, announced its financial results for the third quarter of 2018. All figures are expressed in U.S. dollars.

China Education Resources generated gross revenue of $1,519,220 in the third quarter of 2018. This is compared to gross revenue of $1,538,276 for the same period in 2017. It recorded a net loss attributable to shareholders of $189,470 as compared to a net income attributable to shareholders of $332,266 for the same period in 2017.

During the nine months ended September 30, 2018, the Company generated revenue of $9,631,327 as compared with $9,715,057 for the same period in 2017. The decrease in sales revenue in 2018 as compared with the same period of 2017 was mainly due to the exchange rates used to convert Renminbi to U.S. dollars.

The net income attributable to the shareholders of the Company for the nine-month period ended September 30, 2018 was $1,056,478 as compared to $1,601,071 net profit for the same period in 2017.

The Q3 of 2018 financial highlights are as summarized as follows:

2018 2017 Percentage
(USD) (USD) change
Consolidated Statements of Comprehensive Income
Three months ended September 30,
Book sales and distribution services  182,627  461,663 -60.4%
Online products  1,336,593  1,076,613 24.1%
Total revenue  1,519,220  1,538,276 -1.2%
Net income (loss) attributable to shareholders 
 of the Company for the three months  (189,470)  332,266 -157.0%
Nine months ended September 30,
Total revenue  9,631,327  9,715,057 -0.9%
Net income (loss) attributable to shareholders 
 of the Company for the nine months  1,056,478  1,601,071 -34.0%

"The decrease in revenue was mainly from the book sales and distribution services as some customers have delayed their textbook orders to next year. However, the nine months book sales and distribution services ($4,622,658) is still almost the same as the same period of 2017 ($4,643,097)." said Chengfeng Zhou, CEO, China Education Resources. "The decrease in net profit was mainly due to the increase in selling and marketing expenses, which was $942,881 for the three months ended September 30, 2018 as compared to $384,629 incurred in the same period in 2017. The increase was mainly due to the marketing of new products of the Company."

The business of the company is continually doing well. We will update the progress of business to shareholders shortly.

In collaboration with China's education administrators and experts, China Education Resources has been helping to transform the curriculum of the world's largest educational system. Recognizing the need to address education reform changes, China Education Resources has created educational tools and curriculum for China's entire kindergarten through twelfth grade system. The Company is playing an integral part in transforming China's educational system through helping to convert the existing educational system from a memory-based learning system to a creative thinking and interactive approach. Presently, China Education Resources has over 1 million kindergartens through twelfth grade teachers registered through its Web portal. For more information, please visit www.chinaeducationresources.com or call (604) 331-2388.

Safe Harbor Statement

Certain statements made herein, and other statements relating to matters that are not historical facts and statements of our beliefs, intentions and expectations about developments, results and events which will or may occur in the future, constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information and statements are typically identified by words such as "anticipate", "could", "should", "expect", "seek", "may", "intend", "likely", "plan", "estimate", "will", "believe" and similar expressions suggesting future outcomes or statements regarding an outlook. All such forward-looking information and statements are based on certain assumptions and analysis made by China Education Resources, Inc.'s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading "Risks and Uncertainties" elsewhere in the Company's MD&A filed at www.SEDAR.com. The reader is cautioned not to place undue reliance on forward-looking information or statements. Except as required by law the Company does not assume the obligation to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future, unanticipated events.

The TSX Venture Exchange has not reviewed, and does not accept, responsibility for the adequacy or accuracy of the contents of this press release.
Contact China Education Resources at: (604) 331-2388
Email: .
Website: http://www.chinaeducationresources.com
 
#Tue Aug 28, 2018
China Education Resources Inc. made $1,084,786 net profit in Q2 2018

 VANCOUVER, Canada (August 28, 2018) - China Education Resources, Inc. ("CER") (TSXV: CHN) (OTC: CHNUF), an ed-tech company with leading technology of intelligent system and contents to provide online/offline learning, training courses and social media for teachers, students and education professionals, announced its financial results for the second quarter of 2018. All figures are expressed in U.S. dollars.

China Education Resources generated gross revenues of $ 5,360,958 in the second quarter of 2018. This is compared to gross revenue of $5,389,330 for the same period in 2017. It recorded a net income attributable to shareholders of $1,084,786 as compared to a net income attributable to shareholders of $929,851 for the same period in 2017.

During the six months ended June 30, 2018, the Company generated revenue of $8,112,107 as compared with $8,176,781 for the same period in 2017. The net income attributable to the shareholders of the Company for the period was $1,245,948 as compared to $1,268,805 net income for the same period in 2017.

The Q2 of 2018 financial highlights are as summarized as follows:

 2018
(USD)
2017
(USD)
   Percentage
change
Consolidated Statements of Comprehensive Income

Three months ended June 30
 
Book sales and distribution services3,471,8403,038,67814.3%
Online products1,889,1182,350,652-19.6%
Total revenue5,360,9585,389,330-0.5%
Net income attributable to shareholders of the Company for the three months1,084,786929,85116.7%

Six months ended June 30
Total revenue8,112,1078,176,781-0.8%
Net income attributable to shareholders of the Company for the six months1,245,9481,268,805-1.8%

There was an increase in revenue from the textbook sales and distribution services and decrease in revenue from online products for the current quarter as compared to the same period in 2017. The decrease in revenue from online products was mainly due to the delay in teacher training in some cities in China.

"We are pleased with our continually making profit.” said Chengfeng Zhou, CEO, China Education Resources. “We expect the sales of the Company will continue to grow and our unique and comprehensive blend of education resources and services will provide CER with long-term revenue potential.” For more information, please visit www.chinaeducationresources.com or Email: admin@chinaeducationresources.com. 

In collaboration with China's education administrators and experts, China Education Resources has been helping to transform the curriculum of the world's largest educational system. Recognizing the need to address education reform changes, China Education Resources has created educational tools and curriculum for China's entire kindergarten through twelfth grade system. The Company is playing an integral part in transforming China's educational system through helping to convert the existing educational system from a memory-based learning system to a creative thinking and interactive approach. Presently, China Education Resources has over 1 million kindergarten through twelfth grade teachers registered through its Web portal.

Safe Harbor Statement

Certain statements made herein, and other statements relating to matters that are not historical facts and statements of our beliefs, intentions and expectations about developments, results and events which will or may occur in the future, constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information and statements are typically identified by words such as "anticipate", "could", "should", "expect", "seek", "may", "intend", "likely", "plan", "estimate", "will", "believe" and similar expressions suggesting future outcomes or statements regarding an outlook. All such forward-looking information and statements are based on certain assumptions and analysis made by China Education Resources, Inc.'s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading "Risks and Uncertainties" elsewhere in the Company's MD&A filed at www.SEDAR.com. The reader is cautioned not to place undue reliance on forward-looking information or statements. Except as required by law the Company does not assume the obligation to revise or update these forward looking statements after the date of this document or to revise them to reflect the occurrence of future, unanticipated events.

The TSX Venture Exchange has not reviewed, and does not accept, responsibility for the adequacy or accuracy of the contents of this press release.

Contact China Education Resources at: (604) 331-2388
Email: .
Website: http://www.chinaeducationresources.com

 

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