Gross profit                  26,688      29,656       4,183 
 
General and 
 administrative 
 expenses                   (23,549)    (27,187)     (3,835) 
Sales and marketing 
 expenses                    (2,244)     (8,130)     (1,147) 
                          ----------  ----------  ---------- 
Operating income (loss)          895     (5,661)       (799) 
 
Subsidy income                    49         596          84 
Interest income, net           2,224       7,484       1,056 
Unrealized holding gain 
 in investments                1,304       5,017         708 
Other income (expense), 
 net                           1,394       (978)       (138) 
                          ----------  ----------  ---------- 
Income before income 
 taxes                         5,866       6,458         911 
 
Income tax expense             (154)     (3,451)       (487) 
 
Net income                     5,712       3,007         424 
Net income attributable 
 to non-controlling 
 interest                        664         928         131 
                          ----------  ----------  ---------- 
Net income attributable 
 to Four Seasons 
 Education (Cayman) 
 Inc.                          5,048       2,079         293 
                          ==========  ==========  ========== 
 
Net income per 
ordinary share: 
 Basic                          0.24        0.10        0.01 
 Diluted                        0.24        0.10        0.01 
 
Weighted average 
shares used in 
calculating net income 
per ordinary share: 
 Basic                    21,189,215  21,189,440  21,189,440 
 Diluted                  21,189,215  21,234,983  21,234,983 
 
 
            FOUR SEASONS EDUCATION (CAYMAN) INC. 
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE 
                           INCOME 
    (in thousands, except share data and per share data) 
 
 
                              Six Months Ended August 31, 
                            -------------------------------- 
                                2023         2024      2024 
                            ------------  ----------  ------ 
                                RMB          RMB       USD 
Net income                         5,712       3,007     424 
Other comprehensive 
income, net of tax of 
nil 
 Foreign currency 
  translation adjustments          1,641         508      72 
                             -----------  ----------  ------ 
Comprehensive income               7,353       3,515     496 
 Less: Comprehensive income 
  attributable to 
  non-controlling interest           664         928     131 
                             -----------  ----------  ------ 
Comprehensive income 
 attributable to Four 
 Seasons Education (Cayman) 
 Inc.                              6,689       2,587     365 
                             ===========  ==========  ====== 
 
 
            FOUR SEASONS EDUCATION (CAYMAN) INC. 
        RECONCILIATION OF GAAP AND NON-GAAP RESULTS 
    (in thousands, except share data and per share data) 
 
 
                              Six Months Ended August 31, 
                            -------------------------------- 
                               2023       2024       2024 
                            ----------  ---------  --------- 
                               RMB         RMB        USD 
Operating income (loss)            895    (5,661)      (799) 
Add: share-based 
 compensation expenses           1,800      4,086        576 
                             ---------  ---------  --------- 
Adjusted operating income 
 (loss) (non-GAAP)               2,695    (1,575)      (223) 
                             =========  =========  ========= 
 
Net income                       5,712      3,007        424 
Add: share-based 
 compensation expenses (net 
 of tax effect of nil)           1,800      4,086        576 
Add: unrealized holding 
 gain in investments (net 
 of tax effect of nil)         (1,304)    (5,017)      (708) 
                             ---------  ---------  --------- 
Adjusted net income 
 (non-GAAP)                      6,208      2,076        292 
                             =========  =========  ========= 
 
Basic net income per ADS 
 attributable to ordinary 
 shareholders                     2.70       1.42       0.20 
Add: share-based 
 compensation expenses per 
 ADS attributable to 
  ordinary shareholders           0.85       1.93       0.27 
Add: unrealized holding 
 gain in investments per 
 ADS attributable to 
  ordinary shareholders         (0.62)     (2.37)     (0.33) 
Adjusted basic net income 
 per ADS attributable to 
  ordinary shareholders 
 (non-GAAP)                       2.93       0.98       0.14 
Diluted net income per ADS 
 attributable to  ordinary 
 shareholders                     2.70       1.42       0.20 
Add: share-based 
 compensation expenses per 
 ADS attributable to 
  ordinary shareholders           0.85       1.92       0.27 
Add: unrealized holding 
 gain in investments per 
 ADS attributable to 
  ordinary shareholders         (0.62)     (2.36)     (0.33) 
Adjusted diluted net income 
 per ADS attributable to 
  ordinary shareholders 
 (non-GAAP)                       2.93       0.98       0.14 
Weighted average ADSs 
used in calculating 
earnings per ADS 
Basic                        2,118,922  2,118,944  2,118,944 
Diluted                      2,118,922  2,123,498  2,123,498 
 

View original content:https://www.prnewswire.com/news-releases/four-seasons-education-reports-first-half-of-fiscal-year-2025-unaudited-financial-results-302337184.html

SOURCE Four Seasons Education Inc.

(END) Dow Jones Newswires

December 20, 2024 06:00 ET (11:00 GMT)