ATA Announces Preliminary Results for the Fourth Quarter and Fiscal Year
Ended March 31, 2010
NEW YORK, June 4, 2010 — ATA Inc. (“ATA” or the “Company”, NASDAQ: ATAI), a leading provider of
computer-based testing and testing-related services in China, today announced preliminary unaudited financial
results for the fourth quarter and fiscal year ended March 31, 2010 (“Fourth Quarter 2010” and “Fiscal Year
The following are estimates of the Company’s preliminary unaudited financial results for Fourth Quarter 2010 and
Fiscal Year 2010. These preliminary financial results are subject to change. These results may, for example,
become subject to adjustment based upon, among other things, completion of the fiscal-year reporting process,
and could differ materially from the estimates provided below. For additional information regarding the various
risks and uncertainties inherent in estimates of this type, see the section entitled “Cautionary Note Regarding
Forward-Looking Statements” at the end of this press release.
Preliminary Fiscal Year 2010 Highlights
Preliminary Fourth Quarter 2010 Highlights
Benson Tsang, CFO
Phone: +86 10 6518 1122 extension 5107
Phone: +1 212 618 1978
Phone: +86 10 5971 2001
n Net revenues increased 12.6% year-over-year to RMB245.0 million (US$35.9 million).
n Gross profit decreased 7.6% year-over-year to RMB115.5 million (US$16.9 million).
Loss from operations was RMB30.1 million (US$4.4 million) compared to income from operations of
RMB26.4 million in the
previous fiscal year. Included in the loss from operations were exceptional provisions of
RMB23.7 million (US$3.5 million)
for long-term accounts receivables, and share-based compensation charges of RMB2.5 million
(US$0.4 million) for two
members of our senior management.
Net loss w