BC’s China Education Resources Inc. Made US$1.4M Net Profit in 2017

Vancouver-headquartered China Education Resources, Inc. (CER), an ed-tech company with leading technology of intelligent system and contents to provide online/offline learning, training courses and social media for teachers, students and education professionals, announced its audited financial results for the year ended December 31, 2017. For the year ended December 31, 2017, CER reported aggregate sales revenue of US$11,825,995 as compared to US$13,420,347 for the same period in 2016. The Company recognized a net profit of US$1,357,757 attributable to the shareholders for the year ended December 31, 2017 as compared to a net profit of US$916,204 attributable to the shareholders for the same period in 2016. The decrease in revenue was mainly due to the need to update content of some textbooks to meet new requirements from the Chinese regulatory authorities.

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