CLPS Incorporation

Hello, everyone. Welcome to the first half of fiscal year 2021 earnings conference call for the CLPS Incorporation. Please note that today's conference is being recorded. At this time, I would like to turn the call over to Mr. Ron Galicha from CLPS Investor Relations for opening remarks and introductions. Please go ahead.

Thank you, operator. Hello, everyone, and thank you for joining us in today's call. CLPS Incorporation announced its first half of fiscal year 2021 financial results earlier this morning. An earnings release is now available on the company's IR website at www.ir.clpsglobal.com. Before we continue, please note that our discussions today may include forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. forward-looking statements involve a number of risks and uncertainties. As such, our results may be materially different from the views expressed today. Further information regarding these risks, uncertainties, assumptions, and other factors that could affect our financial results is included in our Form 20F filed with the U.S. Securities and Exchange Commission and other documents filed with the U.S. SEC. In that respect, I would like to read the following disclaimer applicable to such statements. Certain of the statements made in our discussion today are forward-looking statements within the meaning and protections of Section 27A of the Securities Act of 1933 as amended and Section 20E of the Securities Exchange Act of 1934 as amended. Forward-looking statements include statements with respect to the company's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks and other factors which may be beyond the company's control and which may cause the actual results, performance, capital, ownership or achievements of the company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All such statements attributable to us are expressly qualified in their entirety with discretionary notice, including without limitation those risks and certainties related to the and Rui Yang. Thank you. Thank you. at www.sec.gov. We have no obligation and do not undertake to update, revise, or correct any of the forward-looking statements after the date hereof or after the respective date on which any such statements otherwise are made. All information provided today is of the date of this call, and CLPS does not undertake any obligation to update any forward-looking statement except as required under the applicable law. With respect to any non-GAAP measures, During today's call, the company reconciliation information related to those measures can be found in the earnings release issued earlier today. Now, allow me to introduce the management team present at the call. Mr. Raymond Lin, Chief Executive Officer and Director of CLPS, will start off the call with a review of recent company development and operating results, followed by Ms. Rui Yang, Chief Financial Officer of CLPS, will discuss financial results in more detail. Please note that all lines have been placed on mute to prevent background noise. Following management's prepared remarks, we'll open up the call for a Q&A session. Mr. Li Li, the company's chief operating officer, and Mr. Wilson Wong, executive vice president of CLPS, will also join the Q&A session. With that said, I would now like to turn the call over to Raymond. Raymond, please go ahead.

Yes, okay. Thank you, Ron. Thank you, operator. Thank you all for joining the call today. I'm very happy to be here with you and everyone. The past year has been very challenging on many levels. And COVID-19 has changed many things to everyone. As I said before, COVID-19 will change our lives everywhere. Okay, anyway, I hope you and your family are safe and healthy. And in here, I want to say thank you to my team, Henry, Rita, Wilson, and Jensen, and my IR team, and the staff. And thank you, you, to support our business have the strong increasement and growth. Thank you. You are doing a well job. Thank you. Okay, now I'm pleased to announce that our core business strategy has been successfully implemented. Reflected on the financial results for the first half of fiscal year 2021. We showed that early this morning. Our revenue increased by 37% due to the continued demand for our IT services. As we enhanced our operating efficiency, the operating income significantly increased by 214%. The net income also increased by 115%, which results to the U.S. dollar 0.3 basic and diluted earnings per share. And compared with the U.S. dollar 0.3, 1 and 7 present zero-debt earnings per share on the same period of the last year. During this period, we have been aggressive in the global extension strategy implementations, which contributed in achieving our growth. It was tested by the significant 54% increase in revenue generated outside mainland China. In our core business, we generated more partnerships during the past years. First, we got a partnership agreement with a Chinese company. The company is specialized in the loan management system in the banking area in the China market. The partnership aims to explore global market opportunities as well. The second, we also opened an IT service agreement with the largest car associations in China. Later, our presence in the automotive industry has been different. We partnership with one of the biggest Automobile Manufacture in Shanghai and China. We utilized the big data technology in the project to be used in driverless new energy car and navigation system. In terms of the investment, we diversified our business scope. We venture in the robotics technology in an effort in penetrating in the chip industry. We also invest in Guangdong Zhichuan Company to explore our business opportunities in telecom industry and social media platform area. And we acquire the remaining 20% ownership stake in the Reddit Singapore and set up Singapore as our Southeast Asia headquarters. As a wholly-owned subsidiary, Redex Singapore will enable us to fully integrate our business in Southeast Asia, which will further advance our global expansion. About the training, we have been and will always focus on developing and maintaining the talent supply chain. In order to meet the demand for our global clients, we expand our technical and business training overseas, including in Singapore and Hong Kong. Upon completion of the training, qualified IT talent have been depended on our project in the banking IT department and some in the insurance company IT department. And some of them has already joined our clients. For the IT training, I am very proud to tell you for the past 15 years, DLPS has trained over thousands of talents. Now, they are distributed all over the world. They work in the different financial institutions and different jobs and make the contribution. I'm really, really happy about that. Here, I want to tell them, hey guys, I love you all too much. I'm very proud of you. Looking forward, We will continue to provide high quality IT service to the clients. We are committed to employing digital transmissions among our clients. This is to improve their productivity and efficiency. In addition, we will continue to invest in new business, new products, and New Technologies. We will continue to provide high-end training in technology and business and based on our clients' requirements. Business and our streamlined growth strategy will put us on the firm footing in order to reach our business goals for the remainder of the fiscal year and Rui Yang. Now, I would like to turn the call over to our CFO, Rita Yang. She will tell you about more of our financial results from the first half of fiscal year 2021. Rita, please go ahead.