=Tarena International (TEDU) reported earnings on Mon 4 June 2018 (a/h)

Tarena International, Inc., through its subsidiaries, provides professional education services through part-time and full-time classes in the People's Republic of China.
HQ: Beijing, China
Sector: Consumer Defensive
Industry: Education & Training Services
http://www.tarena.com.cn

First Quarter Net Revenues up by 22.1% Year-Over-Year, exceeding guidance

First Quarter Student Enrollment up by 10.3% Year-Over-Year

 First Quarter Student Enrollment in kid education programs up by 291.9% Year-Over-Year

BEIJING, June 4, 2018 /PRNewswire/ -- Tarena International, Inc. (TEDU), a leading provider of professional education services in China, today announced its unaudited financial results for the first quarter ended March 31, 2018.

First Quarter 2018 Highlights

• Net revenues increased by 22.1% year-over-year to RMB406.3 million from RMB332.7 million in the same period in 2017.
• Gross profit increased by 3.0% year-over-year to RMB211.2 million from RMB204.9 million in the same period in 2017.
• Operating loss was RMB188.1 million, compared to an operating loss of RMB34.1 million in the same period in 2017.
• Non-GAAP operating loss, which excluded share-based compensation expenses, was RMB153.4 million, compared to a non-GAAP operating loss of RMB23.0 million in the same period in 2017.
• Net loss was RMB180.5 million, compared to a net loss of RMB24.6 million in the same period in 2017.
• Non-GAAP net loss, which excluded share-based compensation expenses, was RMB145.7 million, compared to a non-GAAP net loss of RMB13.5 million in the same period in 2017.
• Basic and diluted loss per American Depositary Share ("ADS") was RMB3.21. Non-GAAP basic and non-GAAP diluted loss per ADS, which excluded share-based compensation expenses, was RMB2.59. Each ADS represents one Class A ordinary share.
• Cash, cash equivalents and time deposits totaled RMB1,020.0 million as of March 31, 2018, compared to RMB1,119.7 million as of December 31, 2017.
• Deferred revenue totaled RMB500.3 million as of March 31, 2018, compared to RMB302.2 million as of December 31, 2017, representing an increase of 65.6%.
• Total course enrollments[1], defined as the cumulative number of courses enrolled in by our students, in the first quarter of 2018 increased by 13.8% year-over-year to 27,893.
• Total student enrollments[2], defined as the total number of new students recruited and registered, in the first quarter of 2018 increased by 10.3% year-over-year to 30,647.
• Total number of learning centers[3] increased to 200 as of March 31, 2018, from 160 as of March 31, 2017.
• Total student enrollments in kid education programs, defined as the total number of students recruited and registered in our kid education programs, in the first quarter of 2018 increased by 291.9% year-over-year to 3,895.
• On February 27, 2018, the Company acquired 100% of equity interest of Wuhan Haoxiaozi Robot Technology Co., Ltd, ("RTEC"), which provides K-12 robotics programming education services. The total consideration was RMB58.2 million in cash and the transaction was accounted for as a business combination.