China Liberal Education Holdings Ltd. (CLEU) is a Chinese firm providing quality educational services in China. The company provides its academic programs to students in various sectors including senior secondary, diploma, undergraduate, and post-graduate studies. The company also provides overseas study and technological consultation services thus creating a smart campus. The company also provides textbooks and other course material to the students
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The price of CLEU stock during the regular trading hours of January 11, 2022, was $1.29 with a surge of 2.38%. At last check in the premarket on January 12, 2022, the stock was further up by 5.43%.
CLEU: Key Financials
On December 3, 2021, CLEU reported its financial results for the first six months of the fiscal year 2021. Some of the key highlights are as follows.
Revenue and Assets
Revenue collected for the first half of fiscal 2021 was$1.85 million and it decreased by 18.5% over the year period to $2.27 million for the same period of 2020. Total current assets of the company in the first half of 2021 were $41.9 million.
Net Income/Loss per Share
Basic and diluted net income was $0.23 million or $0.03 per share for the first half of 2021 as compared to a net loss of $0.08 million or $0.02 per share for the same period the prior year.
CLEU: Events and Happenings
On November 15, 2021, CLEU reported about the receipt of recognition and recommendation by researchers and professionals (belonging to the renowned Foreign Language Professional Committee of China Association for Educational Technology and the Educational Information Technology Research Branch) for its teaching machine, AI-Space.
On October 19, 2021, CLEU reported about its results for the 2021 Annual General Meeting of Shareholders which was held on October 18, 2021. The stockholders agreed upon the adoption of its annual accounts, CLEU’s Share Incentive Plan, and allocated CLEU’s net income to general and corporate purposes.
On October 18, 2021, CLEU reported about the issuance of opinions for the advancement of best-quality and modern vocational education by the General Office of the Central Committee of the Chinese Communist Party and the General Office of the State Council.
On September 29, 2021, CLEU reported about the grant of a utility model patent and an appearance design patent by the Chinese State Intellectual Property Administration for its teaching machine, AI-Space. The utility model was named a multimedia integrated device.
On September 16, 2021, CLEU reported about the utilization of AI Space for the opening ceremony of the 2021 academic year by the newcomers of the Study Abroad Department’s Preparatory Course of the Beijing Foreign Studies University.
Conclusion
Although CLEU stock is 51% down the past six months period. The growth of the company was primarily struck by the restrictions the pandemic posed on the economic conditions. The company’s stock is shining in the current premarket despite any visible reason due to the favorable market circumstances. The analysts believe that the global recognition of the company’s products and strong financial results are key factors behind the progress of stock price.
