BEIJING, Feb. 11, 2015 /PRNewswire/ -- China Distance
Education Holdings Limited (NYSE: DL) ("CDEL", or the "Company"), a
leading provider of online education in China focusing on professional education,
today announced unaudited financial results for the first quarter
of fiscal year 2015 ended December 31,
2014.
First Quarter Fiscal 2015 Financial and Operational
Highlights
- Total course enrollments were approximately 1,100,000 in the
first quarter of fiscal 2015, an increase of 16.6% from the first
quarter of fiscal 2014.
- Cash receipts from online course registration increased by
16.9% to $20.1 million from the first
quarter of fiscal 2014.
- Net revenue increased by 14.9% to $21.5
million from $18.7 million in
the prior year period, and exceeded the Company's previous guidance
range of $20.0 million to $20.9
million.
- Gross profit increased by 13.5% to $11.6
million from $10.3 million in
the prior year period.
- Non-GAAP[1] gross profit
increased by 13.7% to $11.7 million
from $10.3 million in the prior year
period.
- Gross margin was 54.2%, compared with 54.9% in the prior year
period. Non-GAAP[1] gross margin
was 54.3%, compared with 54.9% in the prior year period.
- Operating income increased by 26.1% to $4.8 million from $3.8
million in the prior year period.
- Non-GAAP[1] operating income
increased by 30.4% to $5.1 million
from $3.9 million in the prior year
period.
- Net income increased by 33.9% to $4.6
million from $3.4 million in
the prior year period.
- Non-GAAP[1] net income
increased by 38.5% to $4.8 million
from $3.5 million in the prior year
period.
- Basic and diluted net income per American Depositary Share
("ADS") was $0.128 and $0.128, respectively, representing a
year-over-year increase of 26.7% and 28.0%, respectively, from a
basic and diluted net income per ADS of $0.101 and $0.100,
respectively, for the first quarter of fiscal 2014. Each ADS
represents four ordinary shares.
- Basic and diluted non-GAAP[1]
net income per ADS was $0.136 and
$0.135, respectively, representing a
year-over-year increase of 32.0% and 32.4%, respectively, from a
basic and diluted net income per ADS of $0.103 and $0.102,
respectively, for the first quarter of fiscal 2014.
- Operating cash flow decreased by 14.2% to $6.9 million from $8.1
million in the first quarter of fiscal 2014.
Mr. Zhengdong Zhu, Chairman and
CEO of CDEL, said, "We are delighted to report a great start to
fiscal 2015, exceeding the top end of our revenue guidance, and
reaching the milestone of one million quarterly enrollments for the
first time. Our healthy performance is underpinned by our continued
focus on delivering high quality courseware and services to our
students. Looking ahead, as students migrate from offline to online
education, we intend to continue our efforts to further penetrate
our core vertical markets by driving new enrollments into our
existing courses, while launching new courses into both existing
and new verticals. In addition, we continue to drive growth through
innovation by developing a deeper understanding of our students'
learning needs through our "big data" solutions to better serve our
students life-long learning needs via our open learning platform
and our comprehensive online and mobile learning platforms."
Ms. Ping Wei, Chief Financial
Officer of CDEL, added, "We are pleased with our overall financial
performance in our seasonally light first fiscal quarter of 2015.
First quarter net income grew 33.9% year-over-year, exceeding
revenue growth of 14.9% year-over-year, underscoring the earnings
power of our highly scalable business model. As we head into our
heavy enrollment season, we intend to balance our efforts to drive
growth with a keen focus on profitability and prudent cost
controls."
Appointment of Co-CFOs
Ms. Ping Wei notified the Company
of her decision not to serve as Chief Financial Officer of CDEL
after her term of office expires on March 9,
2015. Ms. Wei, who has extensive international finance,
accounting and audit experience and has served as our Chief
Financial Officer since 2008, will remain as a senior financial and
strategy consultant to the Company for three years. Effective
March 10, 2015, Mr. Mark Marostica and Mr. Philip Chan will serve as Co-Chief Financial
Officers of CDEL.
Mr. Marostica has over 15 years' experience and extensive
knowledge in the capital markets, and the education and Internet
industries, and will continue to lead corporate development
initiatives for the Company as well as strategic planning
activities and investor relations. Mr. Marostica has been the
Company's Vice President of Corporate Development and Strategy
since January 2015.
Mr. Chan has been the Company's Financial Controller since 2005
and has had overall responsibility for financial and accounting
matters. He has over 19 years of accounting and auditing experience
and is a Certified Public Accountant of the Hong Kong Institute of
Certified Public Accountants. He received a Master degree in
Applied Finance from the University of Western Sydney in 2002.
"We extend our special thanks to Ping for her significant
contributions over the past several years, including during our
debut as a public company in 2008, as well as our follow-on
offering last year. Ping has been a highly regarded leader at CDEL,
where she oversaw corporate finance, internal audit, business
development, and investor relations. We look forward to Ping's
continued contributions in her new role as senior financial and
strategy consultant, and extend our best wishes to Ping for the
future," commented Mr. Zhu. "We welcome Mark Marostica and Philip Chan to our senior management team as
Co-Chief Financial Officers, and very much look forward to working
closely with Mark and Philip to execute our growth strategy."
First Quarter Fiscal 2015 Financial Results
Net Revenue. Total net revenue increased by 14.9%
to $21.5 million in the first quarter
of fiscal 2015 from $18.7 million in
the first quarter of fiscal 2014. This increase was primarily due
to higher revenue in our online education services, books and
reference materials and other sources. Net revenue from online
education services, books and reference materials, and other
sources contributed to 80.9%, 5.9% and 13.2% of total net revenue
for the first quarter of fiscal 2015, respectively.
Online education services. Net revenue from online
education services increased by 10.4% to $17.4 million in the first quarter of fiscal 2015
from $15.7 million in the prior year
period, mainly due to higher revenue from healthcare, engineering
and construction courses, and Open Learning Platform.
Books and reference materials. Net revenue from books and
reference materials increased by 14.8% to $1.3 million in the first quarter of fiscal 2015
from $1.1 million in the first
quarter of fiscal 2014.
Others. Net revenue from other sources increased by 52.7%
to $2.8 million in the first quarter
of fiscal 2015 from $1.9 million in
the first quarter of fiscal 2014. The increase was mainly due to
higher revenue from our "Tax School" program and business start-up
training courses.
Cost of Sales. Cost of sales increased by 16.6% to
$9.8 million in the first quarter of
fiscal 2015 from $8.4 million in the
first quarter of fiscal 2014. Non-GAAP[1] cost of sales increased by 16.3% to
$9.8 million in the first quarter of
fiscal 2015 from $8.4 million in the
first quarter of fiscal 2014. The increase in cost of sales was
mainly due to increased lecture fees, salaries and related
expenses, rental and related expenses, and other miscellaneous
expenses. This increase was partially offset by the decrease in
cost of books and reference materials.
Gross Profit. Gross profit increased by
13.5% to $11.6 million in the first
quarter of fiscal 2015 from $10.3
million in the prior year period. Non-GAAP[1] gross profit increased by 13.7% to
$11.7 million in the first quarter of
fiscal 2015 from $10.3 million in the
prior year period. Gross margin was 54.2% in the first quarter of
fiscal 2015, as compared to 54.9% in the first quarter of fiscal
2014. Non-GAAP[1] gross margin was
54.3% in the first quarter of fiscal 2015, as compared to 54.9% in
the first quarter of fiscal 2014.
Operating Expenses. Total operating expenses
increased by 7.6% to $7.0 million in
the first quarter of fiscal 2015 from $6.5
million in the prior year period. Non-GAAP[1] total operating expenses increased by
5.2% to $6.8 million in the first
quarter of fiscal 2015 from $6.4
million in the prior year period. The increase was primarily
due to higher marketing and promotional expenses, increased
salaries and related expenses, and share-based compensation
expenses. This increase was partially offset by the reduction in
allowance for doubtful accounts.
Selling expenses. Selling expenses increased by 13.5% to
$4.3 million in the first quarter of
fiscal 2015 from $3.8 million in the
prior year period. Non-GAAP[1]
selling expenses increased by 13.2% to $4.3
million in the first quarter of fiscal 2015 from
$3.8 million in the prior year
period, which was primarily driven by an expansion of our marketing
and promotional activities, and increased salaries and related
expenses.
General and administrative expenses. General and
administrative expenses decreased by 0.7% to $2.7 million in the first quarter of fiscal 2015
from $2.7 million in the prior year
period. Non-GAAP[1] general and
administrative expenses decreased by 6.7% to $2.4 million in the first quarter of fiscal 2015
from $2.6 million in the prior year
period, primarily due to the reduction in allowance for doubtful
accounts. This decrease was partially offset by the increase in
salaries and related expenses, and share-based compensation
expenses.
Income Tax Expense. Income tax expenses
increased by 36.7% to $1.2 million in
the first quarter of fiscal 2015 from $0.9
million in the prior year period, primarily due to the
increase in taxable income.
Net Income. As a result of the foregoing, net
income increased by 33.9% to $4.6
million in the first quarter of fiscal 2015 from
$3.4 million in the prior year
period. Non-GAAP[1] net income
increased by 38.5% to $4.8 million in
the first quarter of fiscal 2015 from $3.5
million in the prior year period.
Operating Cash Flow. Net operating cash
inflow was $6.9 million in the first
quarter of fiscal 2015, as compared to net operating cash inflow of
$8.1 million in the prior year
period. The operating cash inflow was primarily attributable to net
income generated in the first quarter of fiscal 2015. An increase
in deferred revenue, and accrued expenses and other liabilities
also contributed to the cash inflow. This operating cash inflow was
partially offset by the increase in prepayment and other current
assets, and decrease in income tax payable and refundable fees.
Cash and Cash Equivalents, Term Deposits and Restricted
Cash. Cash and cash equivalents, term deposits and
restricted cash as of December 31,
2014 increased by 3.8% to $145.7
million, as compared to $140.4
million as of September 30,
2014, mainly due to robust cash flow generated from
operating activities in the first quarter of fiscal 2015.
Outlook
For the second quarter of fiscal 2015, the Company expects to
generate total net revenue in the range of $21.6 million to $22.8 million, representing
year-over-year growth of approximately 18% to 25%.
For the 2015 fiscal year, the Company expects to generate total
net revenue in the range of $123.4 million
to $128.3 million, representing year-over-year growth of
approximately 27% to 32%.
The above guidance reflects the Company's current and
preliminary view, which is subject to change.
Conference Call
The Company will host a conference call at 8:00 a.m. Eastern Time on February 12, 2015 to discuss its first quarter
fiscal 2015 financial results and recent developments. The
conference call may be accessed by calling 1-855-298-3404 (US),
1-631-5142-526 (International), 400-120-0539 (China), 800-905-927 (Hong Kong), or 44-(0)20-3078-7622 (UK). The
passcode is 2613336.
A telephone replay will be available shortly after the call
until February 18, 2015 at
1-866-846-0868 (US), 61-2-9641-7900 (International), 400-184-2240
(China), 800-966-697 (Hong Kong), or 0800-169-7301 (UK). The
conference ID is 2613336.
A live and archived webcast of the conference call will be
available at http://ir.cdeledu.com.
[1]
|
For more information
about the non-GAAP financial measures contained in this press
release, please see "Use of Non-GAAP Financial Measures"
below.
|
About China Distance Education Holdings Limited
China Distance Education Holdings Limited is a leading provider
of online education in China
focusing on professional education. The courses offered by the
Company through its websites are designed to help professionals
seeking to obtain and maintain professional licenses and to enhance
their job skills through our professional development courses in
China in the areas of accounting,
healthcare, engineering & construction, and other industries.
The Company also offers other professional education courses for
the national judicial examination, online test preparation courses
for self-taught learners pursuing higher education diplomas or
degrees, test preparation courses for university students intending
to take the nationwide graduate school entrance exam, and online
language courses. We also offer third-party developed online
courses through our Online Open Learning Platform, a proprietary
education platform that allows people to share their educational
content or deliver live courses online. For further information,
please visit http://ir.cdeledu.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "may," "should," "potential," "continue," "expect,"
"predict," "anticipate," "future," "intend," "plan," "believe,"
"is/are likely to," "estimate" and similar statements. Among other
things, the outlook for the second quarter of fiscal year 2015 and
the full fiscal year 2015 and quotations from management in this
announcement, as well as the Company's strategic and operational
plans (in particular, the Company's open learning platform and plan
to build life-long, comprehensive online and mobile learning
programs and adapt "big data" solutions) contain forward-looking
statements. The Company may also make written or oral
forward-looking statements in its periodic and annual reports to
the SEC, in press releases and other written materials and in oral
statements made by its officers, directors or employees to third
parties. Statements that are not historical facts, including
statements about the Company's beliefs and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: our goals and growth strategies; our future prospects
and market acceptance of our courses and other products and
services; our future business development and results of
operations; projected revenues, profits, earnings and other
estimated financial information; projected enrollment numbers; our
plans to expand and enhance our courses and other products and
services; competition in the education and test preparation
markets; and changes of Chinese laws, regulations and policies,
including those applicable to the Internet and Internet content
providers, the education and telecommunications industries, mergers
and acquisitions, taxation and foreign exchange.
Further information regarding these and other risks is included
in the Company's annual report on Form 20-F and other documents
filed or furnished with the SEC. All information provided in this
press release is as of the date of this press release. The Company
does not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
Statement Regarding Unaudited Financial Information
The unaudited financial information set forth in this press
release is preliminary and subject to adjustments. Adjustments to
the financial statements may be identified when audit work is
performed for the year-end audit, which could result in significant
differences from this preliminary unaudited financial
information.
Use of Non-GAAP Financial Measures
To supplement the Company's consolidated financial results
presented in accordance with U.S. generally accepted accounting
principles, or GAAP, the Company uses the following measures
defined as non-GAAP financial measures: non-GAAP net income,
operating income, gross profit, cost of sales, selling expenses,
general and administrative expenses, net income margin, operating
margin, gross profit margin and basic and diluted earnings per ADS
and per share. The presentation of these non-GAAP financial
measures is not intended to be considered in isolation or as a
substitute for the financial information prepared and presented in
accordance with GAAP. For more information on these non-GAAP
financial measures, please see the table captioned "Reconciliations
of non-GAAP measures to comparable GAAP measures" set forth at the
end of this release.
The Company believes that these non-GAAP financial measures
provide meaningful supplemental information regarding its
performance and liquidity by excluding share-based compensation
expenses. However, non-GAAP financial measures may not be
indicative of the Company's operating performance from a cash
perspective. The Company believes that both management and
investors benefit from these non-GAAP financial measures in
assessing its performance and when planning and forecasting future
periods. These non-GAAP financial measures also facilitate
management's internal comparisons to the Company's historical
performance and liquidity. The Company computes its non-GAAP
financial measures using the same consistent method from quarter to
quarter. The Company believes these non-GAAP financial measures are
useful to investors in allowing for greater transparency with
respect to supplemental information used by management in its
financial and operational decision making. A limitation of
excluding share-based compensation expenses from the
above-mentioned line items and presenting these non-GAAP measures
is that such charges may continue to be for the foreseeable future
a significant recurring expense in our business. Management
compensates for this limitation by providing specific information
regarding the GAAP amounts excluded from each non-GAAP measure. The
accompanying table at the end of this release provides more detail
on the reconciliations between GAAP financial measures that are
most directly comparable to non-GAAP financial measures.
Contacts:
China Distance
Education Holdings Limited
Lingling Kong, IR
manager
Tel: +86-10-8231-9999
ext1805
Email:
IR@cdeledu.com
|
The Piacente Group |
Investor Relations
Brandi
Piacente
Tel: +1
212-481-2050
Email:
dl@tpg-ir.com
|
China Distance
Education Holdings Limited
|
Consolidated
Balance Sheets
|
(in thousands of
US Dollars, except number of shares and per share
data)
|
|
|
|
|
|
|
|
|
September 30,
2014
|
|
December
31,2014
|
|
|
(Derived from
Audited)
|
|
(Unaudited)
|
|
Assets:
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
Cash and cash
equivalents
|
118,075
|
|
108,370
|
|
|
Term
deposits
|
5,702
|
|
20,952
|
|
|
Restricted
cash
|
16,637
|
|
16,373
|
|
|
Accounts receivable,
net of allowance for doubtful accounts of US$867 and US$1,250 as of
December 31, 2014 and September 30, 2014, respectively
|
1,637
|
|
1,944
|
|
|
Inventories
|
449
|
|
718
|
|
|
Prepayment and other
current assets
|
3,749
|
|
4,742
|
|
|
Deferred tax assets,
current portion
|
2,116
|
|
1,948
|
|
|
Deferred
cost
|
1,248
|
|
965
|
|
|
Total current
assets
|
149,613
|
|
156,012
|
|
|
|
|
|
|
|
Non-current
assets:
|
|
|
|
|
|
Property, plant and
equipment, net
|
10,721
|
|
10,625
|
|
|
Goodwill
|
7,689
|
|
7,607
|
|
|
Other intangible
assets, net
|
1,384
|
|
1,268
|
|
|
Deposit for purchase
of non-current assets
|
94
|
|
81
|
|
|
Other non-current
assets
|
2,128
|
|
1,994
|
|
|
Total non-current assets
|
22,016
|
|
21,575
|
|
|
|
|
|
|
|
|
Total assets
|
171,629
|
|
177,587
|
|
|
|
|
|
|
|
Liabilities and
equity:
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
|
Bank
borrowing
|
16,583
|
|
16,506
|
|
|
Accrued expenses and
other liabilities (including accrued expenses and other liabilities
of the consolidated VIE without recourse to China Distance
Education Holdings Limited of US$21,353 and US$21,275 as of
December 31, 2014 and September 30, 2014, respectively)
|
22,695
|
|
23,543
|
|
|
Income tax payable
(including income tax payable of the consolidated VIE without
recourse to China Distance Education Holdings Limited of US$1,908
and US$3,504 as of December 31, 2014 and September 30, 2014,
respectively)
|
4,209
|
|
2,499
|
|
|
Deferred revenue
(including deferred revenue of the consolidated VIE without
recourse to China Distance Education Holdings Limited of US$26,974
and US$23,319 as of December 31, 2014 and September 30, 2014,
respectively)
|
23,423
|
|
26,996
|
|
|
Refundable fees
(including refundable fees of the consolidated VIE without recourse
to China Distance Education Holdings Limited of US$4,449 and
US$5,199 as of December 31, 2014 and September 30, 2014,
respectively)
|
5,199
|
|
4,449
|
|
|
Dividend
payable
|
-
|
|
28,199
|
|
|
Total current liabilities
|
72,109
|
|
102,192
|
|
|
|
|
|
|
|
Non-current
liabilities:
|
|
|
|
|
|
Deferred tax
liabilities, non-current portion
|
1,110
|
|
1,224
|
|
|
Total
non-current liabilities
|
1,110
|
|
1,224
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities
|
73,219
|
|
103,416
|
|
|
|
|
|
|
|
Equity:
|
|
|
|
|
|
Ordinary shares (par
value of US$0.0001 per share at December 31, 2014 and September 30,
2014, respectively; Authorized –500,000,000 shares at December 31,
2014 and September 30, 2014, respectively; Issued and outstanding
–142,878,373 and 142,752,873 shares at December 31, 2014 and
September 30, 2014, respectively)
|
14
|
|
14
|
|
|
Additional paid-in
capital
|
77,270
|
|
56,460
|
|
|
Accumulated other
comprehensive income
|
6,220
|
|
5,225
|
|
|
Retained
Earnings
|
14,906
|
|
12,472
|
|
|
Total equity
|
98,410
|
|
74,171
|
|
|
Total liabilities and equity
|
171,629
|
|
177,587
|
|
|
|
|
|
|
|
China Distance
Education Holdings Limited
|
Unaudited
Consolidated Statements Of Operations
|
(in thousands of
US dollars, except number of shares, per share and per ADS
data)
|
|
|
Three Months Ended
December 31,
|
|
2013
|
|
2014
|
|
|
|
|
Sales, net of
business tax, value-added tax and related
surcharges:
|
|
|
|
|
Online education
services
|
15,722
|
|
17,359
|
|
Books and reference
materials
|
1,111
|
|
1,275
|
|
Others
|
1,858
|
|
2,837
|
|
Total net revenues
|
18,691
|
|
21,471
|
|
|
|
|
|
Cost of
sales
|
|
|
|
|
Cost of
services
|
(7,729)
|
|
(9,305)
|
|
Cost of tangible
goods sold
|
(701)
|
|
(523)
|
|
Total cost of sales
|
(8,430)
|
|
(9,828)
|
|
|
|
|
|
Gross
profit
|
10,261
|
|
11,643
|
|
|
|
|
Operating
expenses
|
|
|
|
|
Selling
expenses
|
(3,822)
|
|
(4,338)
|
|
General and
administrative expenses
|
(2,678)
|
|
(2,659)
|
|
Total operating expenses
|
(6,500)
|
|
(6,997)
|
Other operating
income
|
49
|
|
157
|
|
|
|
|
|
Operating
income
|
3,810
|
|
4,803
|
|
|
|
|
Interest
income
|
507
|
|
826
|
Interest
expense
|
-
|
|
(96)
|
Exchange (loss)
gain
|
(38)
|
|
221
|
|
|
|
|
|
Income before
income taxes
|
4,279
|
|
5,754
|
Less: Income tax
expense
|
(856)
|
|
(1,170)
|
|
|
|
|
Net income
attributable to China Distance Education Holdings
Limited
|
3,423
|
|
4,584
|
Net income per
share:
|
|
|
|
Net income
attributable to China Distance Education Holdings Limited
shareholders
|
|
|
|
|
Basic
|
0.025
|
|
0.032
|
|
Diluted
|
0.025
|
|
0.032
|
Net income per
ADS:
|
|
|
|
Net income
attributable to China Distance Education Holdings Limited
shareholders
|
|
|
|
|
Basic
|
0.101
|
|
0.128
|
|
Diluted
|
0.100
|
|
0.128
|
|
|
|
|
Weighted average
shares used in calculating net income per share:
|
|
|
|
|
Basic
|
135,805,355
|
|
142,667,460
|
|
Diluted
|
137,117,556
|
|
143,225,350
|
China Distance
Education Holdings Limited
|
Reconciliations of
non-GAAP measures to comparable GAAP measures
|
(In thousands of
US Dollars, except number of shares, per share and per ADS
data)
|
|
|
|
|
|
Three Months Ended
December 31,
|
|
|
2013
|
|
2014
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
Cost of
sales
|
|
8,430
|
|
9,828
|
Share-based
compensation expense in cost of sales
|
|
-
|
|
20
|
Non-GAAP cost of
sales
|
|
8,430
|
|
9,808
|
|
|
|
|
|
Selling
expenses
|
|
3,822
|
|
4,338
|
Share-based
compensation expense in selling expenses
|
|
-
|
|
10
|
Non-GAAP selling
expenses
|
|
3,822
|
|
4,328
|
|
|
|
|
|
General and
administrative expenses
|
|
2,678
|
|
2,659
|
Share-based
compensation expense in general and administrative
expenses
|
|
73
|
|
229
|
Non-GAAP general and
administrative expenses
|
|
2,605
|
|
2,430
|
|
|
|
|
|
Gross
profit
|
|
10,261
|
|
11,643
|
Share-based
compensation expenses
|
|
-
|
|
20
|
Non-GAAP gross
profit
|
|
10,261
|
|
11,663
|
|
|
|
|
|
Gross profit
margin
|
|
54.9%
|
|
54.2%
|
Non-GAAP gross profit
margin
|
|
54.9%
|
|
54.3%
|
|
|
|
|
|
Operating
income
|
|
3,810
|
|
4,803
|
Share-based
compensation expenses
|
|
73
|
|
259
|
Non-GAAP operating
income
|
|
3,883
|
|
5,062
|
|
|
|
|
|
Operating
margin
|
|
20.4%
|
|
22.4%
|
Non-GAAP operating
margin
|
|
20.8%
|
|
23.6%
|
|
|
|
|
|
Net income
attributable to China Distance Education Holdings
Limited
|
|
3,423
|
|
4,584
|
Share-based
compensation expense
|
|
73
|
|
259
|
Non-GAAP net income
attributable to China Distance Education Holdings
Limited
|
|
3,496
|
|
4,843
|
|
|
|
|
|
Net income
margin
|
|
18.3%
|
|
21.3%
|
Non-GAAP net income
margin
|
|
18.7%
|
|
22.6%
|
|
|
|
|
|
Net income per
share—basic
|
|
0.025
|
|
0.032
|
Net income per
share—diluted
|
|
0.025
|
|
0.032
|
Non-GAAP net income
per share—basic
|
|
0.026
|
|
0.034
|
Non-GAAP net income
per share—diluted
|
|
0.025
|
|
0.034
|
|
|
|
|
|
Net income per ADS
attributable to China Distance Education Holdings Limited
shareholders—basic (note 1)
|
|
0.101
|
|
0.128
|
Net income per ADS
attributable to China Distance Education Holdings Limited
shareholders—diluted (note 1)
|
|
0.100
|
|
0.128
|
Non-GAAP net income
per ADS attributable to China Distance Education Holdings
Limited shareholders—basic (note 1)
|
|
0.103
|
|
0.136
|
Non-GAAP net income
per ADS attributable to China Distance Education Holdings
Limited shareholders—diluted (note 1)
|
|
0.102
|
|
0.135
|
|
|
|
|
|
Weighted average
shares used in calculating basic net income per share
|
|
135,805,355
|
|
142,667,460
|
Weighted average
shares used in calculating diluted net income per share
|
|
137,117,556
|
|
143,225,350
|
Weighted average
shares used in calculating basic non-GAAP net income per
share
|
|
135,805,355
|
|
142,667,460
|
Weighted average
shares used in calculating diluted non-GAAP net income per
share
|
|
137,117,556
|
|
143,225,350
|
|
|
|
|
|
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/china-distance-education-holdings-limited-reports-financial-results-for-the-first-quarter-of-fiscal-2015-and-announces-changes-in-management-300034615.html
SOURCE China Distance Education Holdings Limited