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china education resources in (CHN) Snapshot

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09/3/13 - C$0.17
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china education resources in (CHN) Details

China Education Resources Inc. provides online educational and administrative services to the kindergarten to grade 12 market primarily in China. The company operates an education resources portal, that provides educational content, resources, and training programs to users. It serves students, teachers, parents, and school administrators. The company also offers educational textbooks and materials to bookstores and schools. China Education Resources, Inc. is headquartered in Vancouver, Canada.

china education resources in (CHN) Top Compensated Officers

Chairman, Chief Executive Officer, Member of ...
Total Annual Compensation: C$13.3K
Chief Financial Officer and Director
Total Annual Compensation: --
Compensation as of Fiscal Year 2012.

china education resources in (CHN) Key Developments

China Education Resources, Inc. Announces Earnings Results for the First Quarter of 2014

China Education Resources, Inc. announced earnings results for the first quarter of 2014. For the quarter, the company generated gross revenues of $2,457,304 compared to $2,403,369 for the same period in 2013. Net profit attributable to the shareholders of the company was $101,894 compared to net loss attributable to shareholders of the company of $246,079 for the same period of last year.

China Education Resources, Inc. Announces Board Changes

China Education Resources, Inc. announced that Mr. Mark Scott has resigned from the Board of Directors for personal reasons. Mr. Mark Scott will continue to provide advisory service to CER after his resignation. The company appointed Mr. Yan Tian to be a member of the Board of Directors of CER. Mr. Yan Tian has more than 30 years experience in banking and investment area. He currently is the Managing Director of Alexion Bio-Technologies (Nanjing) LLC and financial advisor to various companies.

China Education Resources, Inc. Reports Earnings Results for the Year Ended December 31, 2013

China Education Resources, Inc. reported earnings results for the year ended December 31, 2013. For the year ended December 31, 2013, CER reported aggregate sales revenue of $10,085,422 as compared to $7,391,934 for the same period in 2012, representing a 36.4% increase as a result of a 56.9% increase in book sales and distribution services and 36.3% increase in online products in 2013. The net cash provided by the operating activities was $308,280 in 2013 as compared to net cash used by operating activities of $1,987,294 in 2012, representing a 115.5% improvement made in 2013. The company recognized a net loss for the year ended December 31, 2013 of $2,802,724 attributable to the shareholders as compared to a net loss of $1,380,439 attributable to the shareholders for the same period in 2012. The increase in the loss for the current year was mainly due to the goodwill impairment loss of $2,305,805 (non-cash item) as a result of goodwill impairment analysis using restrictive assumptions and an increase in selling expenses of $382,713 to $3,362,290 to promote and develop the business of the company.


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