Learning and thinking will be declared president, leaving 14% share price fall

 Learning and thinking president Cao Yundong

school tutoring and educational institutions, think the United States on Tuesday issued a third quarter fiscal 2011 financial report (as at November 2010 30), and also announced that the company founder, president and Cao Yundong about to leave. The stock price plunged 14.4% that day, ranking China stocks fall championship.

Cao Yundong microblogging: Cao's responsibilities will be forwarded to the company chairman and CEO Zhang Bangxin and CFO Joseph Kauffman. The news surprised the market, it was speculated that the departure is because Cao Yundong and companies and several other shareholders do not. In this regard, Cao Yundong learning and thinking and I micro-blog on the company yesterday to clarify, saying it left

2003, the Cao Yundong and two of his classmates Zhang Bangxin registered with the 10 million school and think the company, began operating the first after school tutoring classes. Zhang Bangxin which is responsible for daily management, Cao Yundong concentrating on teaching quality. The scale of learning and thinking later expanded by two rounds of venture capital, the company launched a public process.

learn and think, said yesterday that, after the CFO has not been put in place, Cao Yundong beginning in 2009 are no longer responsible for the internal operation and management, and focus on corporate finance and listing. Currently listing has been successfully completed, and he wanted time to rest, to do something to help young people to successful investment. Cao Yundong I also said that regardless of whether the specific transaction management company, he is still a major shareholder and founder. He said that the future will consider making some investment,

Mirae Asset Securities Managing Director Wen Tianli yesterday forwarded a text message microblogging, said, response was He said that he and Zhang Bangxin is a laboratory, a boss (teacher), living in a dormitory of the students, though often controversial, but not to engage in political struggle.

stock hit a new low since listing

learning and thinking the price of $ 15.16 on Tuesday to open slightly lower after the price fell rapidly, eventually closing at $ 13.04, down 14.4%, a record low since listing.

2010 �� 10 On 20 March, school and thinking in the New York Stock Exchange listing, the issue price of 10 dollars. Listed shares rose 50% on the first day, followed by stock price has been $ 15 dollar range -18 shocks. i Wall Street analysts Li Ying said that although the message can not be said Cao Yundong a direct result of leaving school and thinking fell, but the company will give investors in the senior management of the psychological changes brought on future development strategies towards the development of major changes will concern, which is caused by short-term fluctuations in the secondary market price possible. Reporter Shen Wei Qing


analysis

or spread of education in China stocks plates

last year listed a number of educational institutions to the United States, in addition to learning the thinking but also have a global world (that is, Global IELTS), learning great education, Abou education. Yesterday, the Global Education Group president Zhang Yongqi the world, said leaders of the turnover for the entire enterprise will have some impact, and learning and thinking the stock price volatility may also result in the whole of China stocks in educational sector shocks.


He said that the current U.S. investors to China's educational investment value of companies still waiting to see, learning and thinking this could cause the stock price downward trend will bring disaster to the whole plate.

learn and think according to earnings, the company's third-quarter net revenues of $ 24,100,000, up 47.7% over the same period; net profit of 260 million U.S. dollars, an increase of 7.9%. Implementation of learning and thinking the season is still 190 million incentive, if you do not count this part of the expenses, its net profit reached 430 million U.S. dollars, an increase of 77.3%.

financial report also shows that learning and thinking take a cautious approach to overseas expansion, in the third quarter of fiscal 2011 increased by only nine teaching center, the total number of its 114 teaching centers. The learning and thinking of the rival school education is a large teaching center in the same period 21 new, 178 total.

(This article Source: Beijing News Analysis: Shen Wei Qing)