Hailiang Education Group Inc.

Good day, ladies and gentlemen. Thank you for standing by, and welcome to the Heilang Education Group's second quarter and first half of fiscal year 2021 earnings conference call. During today's presentation, all parties will be in a listen-only mode. This conference is being recorded today, Wednesday, March 10, 2021. Joining us today from Heilang Education Group are the company's chairman and CEO, Dr. Junwei Chen, the company's chief financial officer, Ms. Deborah Lee, and the company's board secretary, Mr. Letao Kew. I would like to remind our listeners who are on this call, management's prepared remarks contain forward-looking statements which are subject to risks and uncertainties, and management may make additional forward-looking statements in response to your questions. Therefore, the company claims the protection of the safe harbor for forward-looking statements as contained in the private security statement and Litigation Reform Act of 1995. Highline Education is under no obligation to update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise. At this time, I'd like to turn the conference call over to Dr. Junwei Chen, the company's chairman and CEO. Dr. Chen, please go ahead.

Thank you. Operator and everyone for Jordan Highline Education Group, Inc., second quarter. and the first half of the fiscal year 2021 earnings conference call today. On our call today, I will give an overview of our performance for the second quarter and the first half of this fiscal year. Mr. Li Taochu, the board secretary, will introduce the company's operational highlights of this quarter. Then, our chief executive, Financial Officer Ms. Deborah Lee will share the details of the company's operational and financial review. Please note that all numbers presented in today's call are in RMB. Lastly, we will conduct a Q&A session to take your questions. Although the impact of COVID-19 continues to raise hurdles for business across the globe, We are pleased to announce our financial results in the second quarter, and the first half of fiscal year 2021 are in line with our expectations. In the first half of fiscal year 2021, we recorded revenue of RMB 937 million, which increased by 25% from RMB 749.4 million for the same period of last year. The net profit attributable to the company's shareholders was RMB 268 million, which increased by 31.3% from RMB 204.1 million for the same period of last year. As one of the market leaders focusing on improving the quality of primary, middle, and high school education services and secondary education services in China, we are confident that we will gain more market share and drive long-term profitable growth for the shareholders in the future. Next, Mr. Li Taochu. Our board secretary will share with you the company's operational highlights of this quarter.

Thank you, Dr. Chen. Now let's turn to some achievements of the company in terms of talent of the technology in the second quarter. We believe that the company's rapid development is inseparable from the efficient supply of talent and technology in the future. Highland Education knows that talents are the first vitality of the company's development. We attract talents by delivering teaching concepts, management culture, and brand spirit to the society. They actively build a new life cycle ecosystem for Highland Education's talent cultivation, thus forming a closed loop for talent supply. It is not only necessary to attract talents but also to retain talents. Highline Education will integrate existing talent training careers such as Excellent Teacher Development Academy, Casual Army Academy, and the Logistics Academy to provide a better platform for the training of teachers and management talents. This platform will comprehensively improve the efficiency of cultivating outstanding teachers and management talents become an all-around talent tool for high-level education's rapid development and fully solve the bottleneck of insufficient talent supply. For example, the Ketro Army Academy now has 150 trainees, and the company can efficiently dispatch those 150 management trainees to the new schools according to the development plan of to provide strong management and support for the extended development of the highland education. In addition, the core guarantee of high-quality expansion is established, stable, and reproducible school running standards. Highland education is actively developing a detailed and practical school running guide covering all school running segments, such as school size selections recruitment methods, and student growth. This is worth mentioning that Heilong Education has created a smart campus and cooperated with well-known technology companies to develop Heilong Education's unique integrated software platform. Turning the traditional teaching system into an all-round and three-dimensional education ecological community under Under the strategy plan of education plus technology, the automated data collection is completed through 5G, Internet of Things, and non-sensing devices, and various data information in the school is analyzed through AI algorithm models. Based on those technological supports, we will adjust the direction of teaching and management scientifically and dynamically to achieve more perceptual and precise education solutions. Highland Education's intelligent application system will be continuously launched in the recent years. Taking the second quarter of the fiscal year 2021 as an example, the company launched the teacher growth training platform, star teacher training, the electronic homework and teaching system, Highland Cloud Exercise. and the home school communication service platform, Home School Co-Education. The company will continue to promote the use of education technology in its school network. These technological and innovative elements not only improve the integrated intelligence level of our existing school, but also provide a guarantee of teaching quality and management standardization. with the rapid expansion of Highland Education's new schools in the future. Thank you for your continued support to the company. Next, I will turn the call over to Ms. Deborah Lee, our newly appointed Chief Financial Officer, who has over 30 years' experience working with global accounting, tax, and advisory firms and strong leadership skills, and will lead our global finance accounting, tax, and strategy functions. Welcome again, Deborah Lee, to join the Highland Education Team. Now, she will share the company's operation and financial reviews of the second quarter and the first half of the fiscal year 2021 on behalf of the management team. Deborah, please go ahead.