Ambow Education Holding Ltd. (AMBO) experienced a decline of 10.26% in the aftermarket. However, the last trading session closed at $1.17 with an incline of 3.57%.

AMBO Partnership with Universities and Industry Leaders

On 17^th November 2021, AMBO announced that it has signed an agreement with the North China University of Technology, China Advanced Semiconductor Industry Innovation Alliance (CASA), and H3C Technologies Co., Ltd. (H3C). AMBO will collaborate with the above groups to connect universities, businesses, and industry experts. This is done in order to create a new IC talent ecosystem. Moreover, Ambow will also conduct project, practice, and theory training, as well as co-developed disciplines.

What’s next?

AMBO has dedicated itself to integrating local and foreign industrial needs into China’s larger educational system for the past 21 years. The company has helped dozens of schools and institutions strengthen their talent training skills across different disciplines.

This resulted in strong talent pipelines for a variety of businesses, starting with the ground-breaking master’s degree program in software engineering. Last but not least, the company is excited to collaborate with colleges and industry partners to create a new IC talent ecosystem by using extensive knowledge and resources.

China Integrated Circuit Industry Talent Development Report 2020-2021 with AMBO

AMBO announced the Release of the Co-Produced “China Integrated Circuit Industry Talent Development Report 2020-2021” on 28^th October 2021. China Center for Information Industry Development (CCID) and the China Semiconductor Industry Association (CSIA) researched and compiled the report together. However, AMBO has also helped organize the Semiconductor Intelligence Conference for the past four years, utilizing its capabilities and resources to encourage the establishment of a constructive environment for talent development in the integrated circuits sector.

So what?

AMBO is devoted to improving and perfecting the talent nurturing model for the integrated circuits sector as a pioneer of new technologies and new educational methodologies. In addition, the company will aggressively adapt to the sector’s upgrading requirements, create a talent cultivation ecosystem and public service platform based on important industry ties, and help the industry expand holistically.

Second Quarter 2021 Financial Results – Was the quarter strong?

AMBO released second-quarter 2021 results on 20^th September 2021. Net revenues grew 10.8% to US$ 26.7 million in the second quarter of 2021. The gain was mostly attributable to the company’s complete recovery from the COVID-19 pandemic’s effects. Moreover, the gross profit grew by 25.7 percent.

The gross profit margin for the second quarter of 2020 was 44.1 percent, up from 38.8 percent in the first quarter. Gross profit and margin increased primarily due to greater net sales growth over the period. Furthermore, operating costs fell to US$ 8.6 million in the second quarter of 2021.

Now what?

The company continued to focus on technology-driven educational and career enhancement services in the second quarter of 2021. This encompasses the national strategy of enhancing collaboration and cooperation and coordinated development across education. In the second quarter, AMBO is happy to announce strong financial results with net sales up 10.8% year over year.