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

In the News

#Wed Sep 16, 2020
China Education Resources Inc. Updates Online Training Program

 VANCOUVER, Canada (September 16, 2020) - China Education Resources Inc. ("CER" or "the Company ") is a publicly-listed ed-tech company (TSX-V -- CHN and OTCQB - CHNUF) based in Vancouver, Canada with leading technology in intelligent systems and contents. CER provides online/offline learning, training courses, as well as social media for teachers, students and education professionals. The Company today provides shareholders and investors with an update on its business performance.

Further to CER's August 27, 2020 press release regarding the online training course for teachers' manners and etiquette, CER has developed another online training course which is on teachers' ethics and styles to satisfy the demands from both teachers and education authorities. As teachers' manners and etiquette go hand in hand with their ethics, educators influence students' moral development not only by being good role models but also by what they bring to their relationships with students on a daily basis.

The COVID-19 pandemic has changed the education landscape indefinitely. Teachers and students have had to adapt to novel learning and communication methods. Teachers need to take training courses in order to upgrade their own manners, ethics, and communication skills for appropriately dealing with others in both the real and virtual world.

CER's training courses are designed to not only train teachers' personal and professional etiquette and ethics but also to enhance their social communication skills with parents, community members, and students.

"We are excited by the progress of our online training programs, which are being continuously updated to meet the current demand. CER's products and services facilitate a significantly more efficient and enriched virtual educational experience for both teachers and students, most especially during a time when online education has become the backbone of many societies around the world," said Chengfeng Zhou, CEO, China Education Resources.

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, CER has created educational tools and curriculum for China's entire kindergarten through twelfth grade. The Company is playing an integral part in transforming China's educational system through helping to convert the existing educational system from memory-based learning to a creative thinking and interactive approach. Presently, CER 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

 
#Tue Sep 1, 2020
China Education Resources Inc. made US$978,466 in net income in Q2 2020

 

VANCOUVER, Canada (September 1, 2020) - China Education Resources, Inc. ("CER") (TSXV: CHN) (OTCQB: CHNUF), an ed-tech company with leading technology of intelligent system and contents which provides online/offline learning, training courses and social media for teachers, students and education professionals, announced its financial results for the second quarter of 2020. All figures are expressed in U.S. dollars.

China Education Resources generated a gross revenue of $3,734,501 in the second quarter of 2020 as compared with a gross revenue of $4,250,617 for the same period in 2019. It recorded a net income of $795,883 attributable to CER's shareholders as compared with a net income of $423,482 attributable to CER's shareholders for the same period in 2019. 

During the six months ended June 30, 2020, CER generated a revenue of $4,333,775 as compared with $6,136,996 for the same period in 2019. The net income attributable to the shareholders of CER for the period was $466,332 as compared with $509,717 net income for the same period in 2019.

The Q2 of 2020 financial highlights are as summarized as follows:

 2020
(USD)
2019
(USD)
Percentage
change
Consolidated Statements of
Comprehensive Income
Three months ended June 30
Book sales and distribution services2,647,6683,048,435-13.1%
Online products1,086,8331,202,182-9.6%
Total revenue3,734,5014,250,617-12.1%
Net income attributable to shareholders
of the Company for the three months
795,883423,48287.9%
Six months ended June 30
Total revenue
4,333,7756,136,996-29.4%
Net income attributable to shareholders
of the Company for the six months
466,332509,717-8.5%

There was a decrease in revenue from both book sales and distribution service as well as online products for the second quarter as compared with the same period in 2019. The decrease in revenue was mainly due to the slowdown in economic activities in China as a result of the COVID-19 pandemic. However, our second quarter of 2020 recorded 6.23 times of revenue as compared with the first quarter of 2020, which clearly indicates that our business is catching up along with the Chinese economy's gradual recovery following COVID-19's peak period of impact. 

The increase in net income of the second quarter of 2020 as compared with the same period of 2019 was due to the fact that certain contents had already been developed resulting in significant reduction in the related cost of sales, together with the decrease in selling and marketing expenses due to the lockdown of business because of the COVID-19 pandemic. 

"We are very pleased that our business is in the right direction to address the speed up of changes in life styles and habits of people due to the COVID-19 pandemic." said Chengfeng Zhou, CEO, China Education Resources.  "Due to the large online component of our business, CER has been receiving positive responses from the government, private sector, and general public; this is because of the shift towards a more online lifestyle which has occurred in order to combat the COVID-19 pandemic. We continue to receive purchase orders, and have been receiving orders for our online products in particular following China's economic recovery. Our online education platform and services provide a vertically blended learning, teaching, research and management system for a student-teacher-school-parent community. We believe it will provide CER with great long-term revenue potential." 

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  

 
#Thu Aug 27, 2020
China Education Resources Inc. Launches New Online Training Program

 

VANCOUVER, Canada (August 27, 2020) - China Education Resources, Inc. ("CER") (TSXV: CHN) (OTCQB: 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 has recently developed and launched a brand new online training course on teachers' manners and etiquette. Due to the increased use of information technology and social media to interact with students and their parents, there is a high demand from teachers to take such a training course in order to upgrade their own manners, etiquette and communication skills for appropriately dealing with others in both the real and virtual world.

CER's training course for teachers' manners and etiquette combines traditional culture and modern day etiquette. It not only trains teachers' personal and professional etiquette but also enhances their social communication skills with parents, community members, and students. The training course has received very positive responses from both teachers and education authorities since its launch, and we have been requested to provide more related online courses and supplemental materials.

"We are excited by the progress of our online training programs, which are continuously updated to meet the current demand. Manners and etiquette are special ingredients of success; this is especially the case for teachers, as they are role models for their students. After receiving the training, teachers are equipped with confidence and proficiency regarding social communication skills, manners and etiquette necessary for communicating with students, parents and community members. Our online education training platform provides a vertically blended learning, teaching, research and management system for a student-teacher-school-parent community," said Chengfeng Zhou, CEO, China Education Resources.

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. The Company is playing an integral part in transforming China's educational system through helping to convert the existing educational system from memory-based learning 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

 
#Thu Aug 20, 2020
China Education Resources Inc. Grants Stock Options

 VANCOUVER, Canada (August 20, 2020) - China Education Resources, Inc. ("CER") (TSXV: CHN) (OTCQB: 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:

China Education Resources Inc. has recently granted 1.03 million stock purchase options to directors and employees of the Company for their past services. Each option allows the holder to acquire a common share of the Company at an exercise price of ten cents per share in Canadian dollars. The options are exercisable for a period of five years.

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. The Company is playing an integral part in transforming China's educational system through helping to convert the existing educational system from memory-based learning 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

 
#Tue Jul 14, 2020
China Education Resources Inc. Reports Q1 2020 Financial Results

 VANCOUVER, Canada (July 14, 20120) - 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 2020. All figures are expressed in U.S. dollars.

During the three months ended March 31, 2020, the Group generated revenue of $599,274 as compared with $1,886,379 for the same period of last year. The net loss attributable to the shareholders of the Group for the period was $329,551 as compared with $86,235 net income for the same period of last year.

The Q1 of 2020 financial highlights are as summarized as follows:



The decrease in revenue was mainly due to the slowdown in economic activities in China resulting from the spread of COVID-19 disease. In March 2020, the World Health Organization declared coronavirus COVID-19 a global pandemic. This contagious disease outbreak, which has continued to spread, and any related adverse public health developments, has adversely affected workforces, economies, and financial markets globally, potentially leading to an economic downturn. However, following the gradual recovery of economy in China after the peak period of COVID-19 disease, the nature of our online business receives positive responses from the government, private and general public as a result of the change in life styles for combating COVID-19 disease.

"CER's business is now coming back to normal and we start to receive purchase orders in the second quarter of 2020, particularly orders for our online products." said Chengfeng Zhou, CEO, China Education Resources. "We expect that the sale revenue of the Company will improve in the rest of 2020 and we will provide update to shareholders in the near future."

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
 

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