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[00:00:04] Hello, everyone, and welcome to the second half and full year fiscal 2020 earnings conference calls for scalps and corporations. Please note that today's conference is being recorded at this time. I'd like to turn the call over to Mr. Rhon Galicha, CLPS investor relations for opening remarks and introductions. Please go ahead.

[00:00:27] Thank you, operator. Hello, everyone, and thank you for joining us on today's call. CLB incorporation analysis, second half and full year fiscal 2013 financial results. Yesterday's earnings release is now available on the company's higher website at W Galicia w that hired the CBS Global dot com. Before we continue, please note that our discussion today may include forward looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements involve a number of risks uncertainties. As such, our results may be materially different from the views expressed today. Further information regarding these risks, a certain base assumptions and other factors that could affect our financial results is included in our form to have filed with the U.S. Securities and Exchange Commission and other documents filed with the U.S. FEC. In that respect, I would like to read the following disclaimer applicable to such statements. Third of the statements made in this discussion are our forward looking statements within the meaning and protections of Section 27 of the Securities Act of 1933 as amended and Section 21 of the Securities Exchange Act of 1964 as amended. Forward looking statements include statements with respect to the company's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions and future performance, and involve known and unknown risks, uncertainties and other factors which may be beyond the company's control and which may cause the actual results performance, capital ownership or achievements of the company to be materially different from the future results, performance or achievements expressed or implied by such forward looking statements. Also, statements attributable to us or expressed qualified in their entirety by the cautionary note, including without limitation, those risks and uncertainties related to the company's financial and operational…

[00:04:15] Yes, hello. Thank you, Rhon. Hello, everyone. I want to say thank you for being here on today's call. We are pleased to have you join us for a discussion of our second half and full year results to conclude our results. 20/20 with a solid just of what new intellectual property increased revenue. We surpassed our guidance with lovely seven point seven percent increase, so year 2020 revenue due with our close relationship with city ties and additional international and domestic crimes as a result of the implementation of our global expansion strategy. That's not far off our priority central growth strategy. We further expand our footprint in the Southeast Asia region with accusation of Riddick. That is a Singapore based A. service company, which we integrate along with info get into Singapore. In addition, we have established the obvious California, which is on the U.S. market to support the company business, the OF is just one of our core competencies to has established and critics of this company will. So the increasing demand for credit card service in the financial industry. The revenue from our overseas business increased by one hundred fifty eight point five percent to ten point six million for the year and June 30, L.A. County. When I in the individual that the Company Research and Development Center is a committed to the research and application of innovation technologies which enable digital transformation for ourselves and our clients. We have test pilots are cutting edge technologies, including the tau migration, robotic process, automation, data and backchat. This year, we pushed our globally competitive business for the industry cooperation with investment. Our partnership with established financial company in China naturally benefits us. We love each other. Cutting edge innovation and research, funded financial technologies, industry.…

[00:10:21] Thank you very much. Hello, everyone, and thank you for being here for today's call, I will now provide an update on our financial performance from the reporting here that our numbers provided in US dollar terms and that our comparisons are made a year over year basis. First, I will provide an overview of the second half of fiscal 2020 results in the second half of the Skullcandy country. Our revenues increased by twelve point seven million, offsetting seven point two percent to forty six point eight million from thirty four point one million. Increase in revenue was mainly due to an increase in revenue from Piki Consulting Services up to the Revenue Service in line and consulting as a solution and others. Revenue from I.T. Consulting Services increased by thirteen point five million of 14 to a upon three percentage fourteen point five million and accounts for ninety seven point as a percentage of total revenue from thirty two million for making three point seven percentage of total revenue. The increase was due to increase the demand for the company's I.T. consulting services from banks and other financial institutions, primarily from existing clients, revenue from customized I.T. solution services because that they were millions of working file point four percentage to one point one million to one million. The decrease was primarily due to the increasing demand from existing client. Revenue from other services increased to zero point two million from zero point zero four million. And that enabled by geography revenue generated outside of Manila. [00:12:34] China increased by one hundred and ten percentage to six point three million in the second half of fiscal year 2020 from three million in the prior year period. The increase in revenue generated outside of China reflects the company's…

[00:23:17] Thank you. If you wish to ask a question at this time, please signal by pressing one on your telephone keypad. GS share the mic function on your telephone is switched off to know your signal to reach our equipment again. She's pressed one to ask a question. We pause for just a moment to know what an opportunity to the questions. And once again, that is one, if you wish to ask a question. We can now take our first question from Peter Wuv, private investor, please go ahead.

[00:24:12] Ok, first of all, congratulations on your new financial year, and I would like to know, what about no searching going forward and what is the obvious comparative advantage compared to other competitors?

[00:24:29] Ok, tell Julia question, Mr. OK, CLB strategy is America in the night we were waiting for what our strategy in the horizontal for the global extension, we were both to the set up the new company and what it the be or to. The Ammonite Equitation, who acquired some institution we were using this to attacking the nuclear extension individually, we continue to enhance the idea of this as an ideal solution for our future and potential globally. OK, and we also have the added innovation where everybody in the company we invest in the cutting edge technology, just like the robotic automation data and induction and count and one of our drivers in the future and the future that we review the operation, achieve our goal. Also, we will attract qualified people and people in the in the market to make us stronger in the future. And for the next question is how the companies we have an advanced advantage. OK, so this tells us about this crisis in the Global Times in the first class in the world. But this is good for us. And the second advantage is that we have the human capital base because we have many, many, many, many professionals. Stock can be a good English and Chinese is a two by language people. And also we have a large pool of talent in the bank and in the banking, wealth management and e-commerce. And I've noticed that in this area. And if we have a good management team, most of the manager, what you have to I is over the five years, maybe 10 years in this area, they would know how to maintain the operation in progress. They would know how to do the work for the company. The final advantage is we have the exact things. The people want it to go to the people. The key is the talent pool that we can we can train the new people back into this industry. And after that, we continue to present who could be a higher level this and make.

[00:28:32] Ok, thank you. Thank you for and the other question. Can't you tell me how cool was that? You obviously.

[00:28:49] Ok, thank you. There can be stuff for the night, you know, and it's our business because, you know, the I.T. job I work, most of the staff can be what one? And the second thing is the China we cover is a very flat in war. So at this time, most of our staff have been normally what our time. So we can see more and more people coming on the show. Thank you. [00:29:35] Thank you.

[00:29:41] Now, you can now take our next question from Mary Lou, private investor, please go ahead.

[00:29:54] Hello. My question to the manager is a total revenue stream in the for both.

[00:30:20] High up at me, yes, and above our looking forward for fiscal year 2021, we've had total sales growth in the range of products like 13 percent to 35 percent and through our growth strategy. We are confident that we will achieve our growth within the next year to. And also about this forecast just reflects the company's current and the preliminary bills, which are subject to a change and appropriate risks and uncertainties, including, but not limited to potential accounting adjustments to reject acquisition, as well as various risks and uncertainties facing the company's business and operations as identified in our public fighting.

[00:31:29] So thank you. That's all set for your questions. And thank you. And also, you did very well and well, what is the reason why your gross margin decreased in the second half and the full year of physical training also?

[00:31:53] Thank you. Thank you for your question about the decrease in gross margin was primarily due to the increase in the Democrat provision costs during the covid-19 outbreak and as a health and safety of our employees and their families as well as our customers and business partners. I'll be and then we'll continue to be our top priority. We have taken progress. They as cautionary measures to ensure that our staff are protected against the cold weather, like we are doing our best to optimize our operations. Yeah, so that's a reason for our gross margin.

[00:32:50] Oh, OK, great, thank you. And I have another question and are about to do or can capture over the company and do the Manchanda sufficient founder and CEO, he had anticipated the need to raise more cash in the near future. Thank you.

[00:33:19] Ok, about this question. As of June 13, 2012, the company had an aggregate of cash and cash equivalents and short term investment of thirteen point two million compared to eight times meaning as of June 13, 2019. The cash on hand is enough for all the operational. However, however, our global expansion strategy. We may need to raise capital for funding in the future. Yeah.

[00:33:57] Thank you, Ms. Thank you. Thank you very much.

[00:34:05] This concludes Q&A. I would now like to hand the call back to management for closing remarks.

[00:34:16] Remet, please go ahead for the closing remarks, but one more question, I thank you again for joining us on today's call.

[00:34:32] And I we appreciate your Remit ongoing support. We look forward to updating you on our progress in the in the weeks and months ahead as everybody. Thank you.

[00:34:53] This concludes today's call. Thank you for your participation, you may now disconnect.