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China Liberal Education Holdings Ltd (OQ:CLEU)

Business Focus: N/A

Sector:  N/A Industry:  N/A
 
Company Contact
Address: Huateng Century Park Headquarters
Building A, Level 2
BEIJING BEJ 102299
Tel: N/A
Website: www.chinaliberal.com
IR: See website
Key People
Ngai Ngai Lam
Chairman of the Board, Chief Executive Officer
Wenhuai Zhuang
Chief Financial Officer
 
Business Overview
China Liberal Education Holdings Ltd is a holding company provides educational service. The Company operates four segments. Sino-foreign Jointly Managed Academic Programs segment offers all levels of education, like undergraduate, postgraduate and senior secondary education. It provides languages, liberal arts and business courses. Textbooks and Course Material Sales segment is engaged in the development and sales of English textbooks and course materials. Overseas Study Consulting Services segment provides school information, language training, test preparation courses, visa applications's preparation and overseas extended services such as finding accommodation and travel assistance. Technological Consulting Services for Smart Campus Solutions segment provides consulting services include school management software customization, smart devices installation and testing and school management data collection and analysis. The Company mainly conducts its businesses in the China market.
Financial Overview
For the six months ended 30 June 2023, China Liberal Education Holdings Ltd revenues increased from $2.7M to $9M. Net income decreased 75% to $376K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by General and administrative expenses increase from $689K to $2.4M (expense), Selling expenses increase from $111K to $230K (expense).