Please go ahead. [Operator Instructions] The next question comes from Leonard Law of Lucror Analytics. I have two questions. [Operator Instructions]. On a yearly basis, it was 4.5% down from 7%. Bright Scholar Education pays a meaningful dividend of 1.67%, higher than the bottom 25% of all stocks that pay dividends. Thank you. On a whole year basis, adjusted EBITDA, up 36.5% to RMB670.8 million. Bright Scholar Education Holdings Limited (NYSE:BEDU)Q4 2020 Earnings CallNov 12, 2020, 8:00 a.m. Turning to Slide 17, our compromising focus on helping our students to achieve outstanding academic performance has continued to stress our market leadership in premier education. The revenue for the fourth quarter was RMB652.1 million, dropped by 8.4% year-over-year, with gross profit was down 29.5% and a operating loss of RMB171.9 million. Bright Scholar Education saw a increase in short interest in October. The company also offers a range of complementary education services, including international camps and after-school programs, as well as international education consulting services; and Chinese government-mandated curriculum services for students. Beyond fiscal 2021, we have seven schools and 39 kindergartens contracted for operation. Receive a free world-class investing education from MarketBeat. Learn everything you need to know about successful options trading with this three-part video course. How do you see the international study demand given the COVID situation right now? The company issued revenue guidance of $550.574-565.178 million, compared to the consensus revenue estimate of $630.81 million. Get daily stock ideas top-performing Wall Street analysts. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." Earnings for Bright Scholar Education are expected to grow by 27.45% in the coming year, from $0.51 to $0.65 per share. We have been confronted with cascading national and global crisis, including an unprecedented pandemic and a historic significant global recession. As of August 31, 2020, our cash and cash equivalent and restricted cash totaled RMB4,423.9 million or $646 million compared to RMB2,092 million in May 31, 2020. Hello, Management. And the domestic ones, some things -- because everything is back, mostly back to normal and all the students are back, schools are open in China. Sure, sure. Yes, that's right. Please log in to your account or sign up in order to add this asset to your watchlist. Please turn to Slide 21, where we detail the major challenges as well as opportunities to our business for fiscal 2021. Hi, Dora. So that's kind of the trend that we're seeing. Adjusted SG&A as a percentage of revenue for our Domestic K-12 schools for the quarter was 13.5%, up from 12.6%. Let's begin our earnings report. Bright Scholar Education Holdings. By now you should have received a copy of our press release, that was distributed on November 11, 2020 after market close, Eastern Time. According to Zacks, “Bright Scholar Education Holdings Limited is an operator of international and bilingual K-12 schools primarily in China. Bright Scholar Education (BEDU) Jumps: Stock Rises 6.3% By Zacks Investment Research - Apr 17, 2019. Bright Scholar Education trades on the New York Stock Exchange (NYSE) under the ticker symbol "BEDU.". We have a strong balance sheet to pursue organic and acquisitive growth opportunities. Okay. As we talked about earlier that we actually have seen student enrollment gone up year-over-year of -- for the fiscal -- first month of the fiscal is over 9.9% uplift. Thank you for the presentation. According to analysts' consensus price target of $9.65, Bright Scholar Education has a forecasted upside of 45.6% from its current price of $6.63. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict, and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Our new education technology business comprises online career counselling, online Academic Olympiad training and online international school, the 3i Global Academy. But the expansion is more on the tech and education services. I would now like to turn the meeting over to your host, Ms. Ruby Yim, Investor Relations Counsel. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bright Scholar Education in the last year. So we believe that will continue to grow. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. On a yearly basis, revenue up 11.1% mainly attributed to 11 point increase in students enrollment. All rights reserved. Now, obviously the opportunity is actually opening more up. Bright Scholar Education has a market capitalization of $821.59 million and generates $491.65 million in revenue each year. And also, as you mentioned that you already have like 54,000 students in the domestic schools at the moment. As of October 30th, there was short interest totaling 89,300 shares, an increase of 30.7% from the October 15th total of 68,300 shares. So if you can imagine that our education Domestic K-12 would be more focused on the quality of education, also the operating efficiency. The financial performance once again demonstrates the resilience of our multi-facet growth strategy and the strength of our portfolio of business. That's all. Officer of Domestic K-12 Education Bus. Adjusted net loss for the quarter was up 72.9% to RMB59 million. Bright Scholar Education's mailing address is No.1 Country Garden RoadBeijiao Town Shunde District, Foshan F4, 528300. Returns as of 11/29/2020. But EdTech, so we all see that is a growth area and also education -- the complementary education services is also a growth area that are less regulated, particularly after the kind of tightening of complementary education in end of 2018, beginning of 2019. View Bright Scholar Education's earnings history. Thank you, Dora. Thanks, Ruby. I wondered, can you break down this F '21 revenue guidance into what is the assumptions behind this guidance like how much recovery from the COVID you assumed?

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