Das Wachstum ist gigantisch. 100k Gwinn im letzten Quartal. LOL
The company has made significant and substantial progress since June 1 2008. We are committed to the ultimate success and profitability of the company and believe that the company is in the best overall condition than it has ever been. We look forward to a dynamic year in 2009.
With the major hindrance behind us and aggressive restructuring and acquisitions under way, we believe Hartcourt can lead the way in delivering exceptional growth, value and opportunity to our shareholders in Fiscal 2009 and beyond.
Quelle:
12/22/2008 Shareholder letter from Hartcourt Company Inc.
Shareholder letter from Hartcourt Company Inc.
Dear Fellow Shareholders:
We hope this letter provides an update on business activities at the Company, both completed and in progress, which we expect will make our business goal of becoming an Educational Group with substantial profits, a successful reality.
We enclose a summary of our recent strategic initiatives and highlights of our achievements during the past six months. We believe each of these accomplishments will position Hartcourt for success this year and beyond.
On July 23, 2008, Hartcourt closed the acquisition of Beijing Yanyuan, which was a subsidiary of Hartcourt from July 24, 2008. We completed the first step in restructuring Hartcourt to enter into the education/training market in China.
On September 2, 2008, Hartcourt released a practical business plan, with the strategic vision to be a for profit leading provider of education and training services in The People's Republic of China.
On October 31, 2008, Hartcourt closed the acquisition of China Arts and Science Academy, which was a subsidiary of Hartcourt from November 1, 2008. We completed another important step in restructuring Hartcourt to become a leading provider of educational services in China. Vocational education services are one of the cornerstones of Hartcourt’s educational service strategy. We see this successful acquisition as a further important step in implementing our business plan and toward Hartcourt becoming a leading provider of vocational education.
On October 15, 2008, Hartcourt filed 10Q for the first quarter of fiscal 2009 with revenues, which represented Hartcourt thoroughly turned around from a shell company without revenues, which marked the continuation of our ability to deliver solid earnings growth in the future.
Our two profitable subsidiaries, Beijing Yanyuan and China Arts & Science Academy, all finished their profits commitment successfully, which are above the expectation, in spite of the global financial crisis, the global economic slowdown or the economic slowdown in China. We believe this is because of the paramount priority that Chinese families place on the education of their child or children. Food, housing and education are the top three categories for disposable income in China, and spending on education is one of the last areas to be affected by shrinking consumption.
The profits of the whole quarter (3 months) for Beijing yanyuan, and profits of 1 month for China Arts and Science Academy have been consolidated in the second Quarter, the relevant financial report of Q2 has been improved substantially. We are delighted with the financial performance in our all-important fiscal quarter in the face of formidable challenges.
The finished two successful acquisitions, which proved to be very profitable, were parts of our long-term strategy to gain a solid footing in China education field, with the foundation built, the further acquisitions will speed up.
This latest financing gives us more confidence in our outlook for earnings growth and for continued growth in shareholder value.
Building upon our accomplishments in the past several months, we are eager to demonstrate additional progress in the near future. We expect to acquire more education subsidiaries that are profitable in the coming years. We dedicated to growing the shareholder value. We will continually search for ways to expand our horizons in the education markets in which we can create substantial value.
The company has made significant and substantial progress since June 1 2008. We are committed to the ultimate success and profitability of the company and believe that the company is in the best overall condition than it has ever been. We look forward to a dynamic year in 2009.
With the major hindrance behind us and aggressive restructuring and acquisitions under way, we believe Hartcourt can lead the way in delivering exceptional growth, value and opportunity to our shareholders in Fiscal 2009 and beyond.
In closing, we would like to thank those dedicated investors who have maintained their loyalty and offered words of encouragement along the way.
Merry Christmas and Happy New Year!
Best Regards
Victor Zhou
Chief Executive Officer
