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"Going forward, we plan to maintain a balanced growth strategy and strive for profitability by continuing to leverage our technology-enabled integrated supply chain and logistics service model. We will lay emphasis on e-commerce, invest in technology application and automation, and capture revenue and cost synergies across multiple business units," said Chou.

"For the next step, we will roll out policies as soon as possible to ensure the tax and fee cuts will be put into place, and make market entities - especially small and micro enterprises - really feel the benefits," he said.

"For US semiconductor companies, who today are the world leaders in chip design, that revenue is super important because roughly a fifth of US semiconductor revenue is reinvested back into research and development that totals billion annually," he said.

"Globalization will be a main future direction for TAL, as we are determined to become a global education technology company," Bai added.

"Good! Very good!" Qian couldn't help praising such measures. Too much waste should be avoided, he said.