ATA, Inc. (NASDAQ:ATAI) Q4 2018 Earnings Conference Call Transcript

Mar 14, 2019 • 08:00 pm ET

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ATA, Inc. (NASDAQ:ATAI) Q4 2018 Earnings Conference Call Transcript

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Presentation
Operator
Operator

Good day, and welcome everyone to the ATA Inc. 2018 Fourth Quarter Financial Results Conference Call. My name is Christian, and I will be your manager today. During the presentation, your lines will remain on listen-only mode. (Operator Instructions) I'd like to advise all parties, this conference is being recorded for replay purposes.

I would like to hand over to Adam Prior of The Equity Group. Please proceed, sir.

Executive
Adam Prior

Thank you, Operator, and hello, everyone. Thank you for joining us. The press release announcing ATA's results for the fourth quarter and year ended December 31, 2018, is available at the IR section of the company's website at www.atai.net.cn. As part of this conference call, the company has an accompanying slide presentation available on the company's website. A replay of this broadcast will also be made available at ATA's website for the next 90 days.

Before we get started, I would like to remind everyone that this conference call and any accompanying information discussed herein contains forward-looking statements within the meaning of the safe harbor provision of the Private Securities and Litigation Reform Act of 1995. Although the company believes that the expectations reflected in its forward-looking statements are reasonable as of today, those statements are subject to risks and uncertainties that could cause the actual results to differ dramatically from those projected. There can be no assurances that those expectations will prove to be correct. Information about the risks and associated with investing in ATA is included in its filings with the Securities and Exchange Commission, which we encourage you to review before making an investment decision.

The company does not assume any obligation to update any forward-looking statement as a result of new information, future events, changes in market condition or otherwise, except as required by law. Regarding the disclaimer language, I'd like to refer you to slide number two of the conference call presentation for further information.

All US dollar amounts in this conference call related to financial results for the fourth quarter ended December 31, 2018, are converted from RMB using an exchange rate of RMB 6.8755 to $1, the noon buying rate as of December 31, 2018. All historical conversions are accurate as of the time reported, unless otherwise noted. The company reports its financial results under US GAAP in RMB, and all percentages calculated in the presentation are based on RMB, unless otherwise noted. For those of you following along with this accompanying PowerPoint presentation, there is an overview of the company on slide three. In addition, we are more than happy to take investor questions through our webcast portal or via e-mail to either myself or the company.

On today's call, the company's CFO, Ms. Amy Tung, will provide a brief overview of financial highlights for the fourth quarter of 2018. ATA's Chairman and CEO, Mr. Kevin Ma; and President, Jack Huang, will conclude the remarks with a brief discussion on ATA's outlook and long-term growth strategy as we head into 2019 before we open