ATA Announces Unaudited Results for the First Quarter of Fiscal Year 2011
NEW YORK, August 9, 2010 — ATA Inc. (“ATA” or the “Company”, NASDAQ: ATAI), a leading provider of
computer-based testing and testing-related services in China, today announced unaudited financial results for its
fiscal first quarter ended June 30, 2010 (“First Quarter 2011”).
First Quarter 2011 Highlights
Basic and diluted earnings per ADS were RMB 0.40 (US$ 0.06) for the First Quarter 2011.
Basic and diluted earnings per ADS excluding share-based compensation expense and foreign currency
exchange loss (non-GAAP) were RMB 0.46 (US__DOCTEXT__nbsp;0.06). Each ADS represents two common shares
Mr. Kevin Ma, ATA’s Chairman and Chief Executive Officer, said “Our first quarter performance shows the
positive aspects of our solid testing services business and also our prudent investments to expand our two major
emerging businesses, our TOEIC and HR Select businesses, which we believe have strong growth potential.
“We believe our business prospects, both for our traditional testing services as well as newer business lines, are
gradually gaining momentum. For example, we have seen positive progress toward implementation of the program
for testing security guards in China, which is required by a new law and sponsored by the Ministry of Public
Security. We have completed the trial testing by giving the exam to about 3,000 participants in 10 cities in China in
June 2010 and the feedback on the trial test was positive. The Ministry of Public Security is currently carrying out
internal procedures for approval of the testing program.
“We are maintaining our previous revenue guidance range for the full fiscal year 2011, but we see a shift of testing
revenues from the second quarter to the third quarter, primarily due to changes in scheduling for the securities
industry tests. Therefore, compared with our normal seasonal pattern, we expect second quarter revenues to be
lower and third quarter revenues to be higher