Core Insights - New Oriental Education Technology Group reported its unaudited financial results for the fourth quarter and fiscal year ending May 31, 2025, showing a net revenue of $4.9 billion, a year-on-year increase of 13.6%, and a net profit of $372 million, up 20.1% [1] Financial Performance - For the fourth quarter of fiscal year 2025, New Oriental's net revenue reached $1.243 billion, reflecting a year-on-year growth of 9.4%, while the net profit attributable to the company was $7.1 million, a significant decrease of 73.7% [1] - Excluding revenue from self-operated products and live e-commerce business, the net revenue for the fourth quarter increased by 18.7% year-on-year [1] Business Segments - Revenue from overseas exam preparation and consulting services grew approximately 14.6% and 8.2% year-on-year, respectively [1] - Domestic exam preparation services targeting adults and university students saw a year-on-year growth of about 17% [1] - New Oriental's new educational businesses maintained strong growth momentum, recording a year-on-year revenue increase of 32.5% in the quarter [1] - Non-subject tutoring services were launched in nearly 60 cities, with approximately 918,000 registrations in the quarter [1] - The smart learning system and devices were adopted in around 60 cities, with about 255,000 active paying users in the quarter [1] Strategic Outlook - Over the past year, New Oriental has gradually consolidated its long-term development strategy [1]

Core Insights - The China Education Theme Index (931456) closed down 0.79% at 1192.58 points with a trading volume of 11.132 billion yuan [1] - Over the past month, the index has increased by 1.59%, 8.73% over the last three months, and 9.83% year-to-date [1] - The index comprises 50 liquid and large-cap education-related companies listed globally, reflecting the overall performance of Chinese education companies [1] Index Composition - The top ten holdings of the index are: New Oriental-S (14.38%), TAL Education (13.64%), Zhonggong Education (6.93%), Doushen Education (5.74%), UBTECH (5.31%), Visionox (5.02%), Tsinghua Tongfang (5.0%), iFLYTEK (4.85%), Newcapec (3.37%), and Guomai Technology (2.91%) [1] - The market distribution of the index holdings is as follows: Shenzhen Stock Exchange 52.23%, Hong Kong Stock Exchange 27.07%, New York Stock Exchange 15.45%, and Shanghai Stock Exchange 5.25% [1] Industry Breakdown - The industry composition of the index holdings shows: Consumer Discretionary 57.05%, Information Technology 36.54%, Industrials 3.81%, Materials 1.75%, and Communication Services 0.84% [2] - The index samples are adjusted semi-annually, with adjustments implemented on the next trading day after the second Friday of June and December [2] Investment Products - Public funds tracking the China Education sector include the Bosera China Education ETF [3]

Core Insights - New Oriental's net revenue for the fiscal year 2025 reached $4.9 billion, representing a year-on-year increase of 13.6% [1][2] - The net profit attributable to shareholders was $372 million, up 20.1% compared to the previous year [1][2] Fiscal Year 2025 Summary - Total net revenue: $4,900,262,000, an increase of 13.6% from $4,313,586,000 in fiscal year 2024 [2] - Operating profit: $428,250,000, a rise of 22.2% from $350,425,000 [2] - Non-GAAP operating profit: $554,228,000, up 15.8% from $478,786,000 [2] - Net profit attributable to shareholders: $371,716,000, an increase of 20.1% from $309,591,000 [2] - Non-GAAP net profit attributable to shareholders: $517,071,000, up 11.4% from $463,956,000 [2] Q4 Fiscal Year 2025 Summary - Q4 net revenue: $1,243,155,000, a year-on-year increase of 9.4% from $1,136,679,000 [3][5] - Q4 net profit attributable to shareholders: $7,100,000, a decrease of 73.7% from $26,972,000 [3][5] - Q4 operating loss: $8,674,000, compared to an operating profit of $10,527,000 in the same quarter last year, a decline of 182.4% [3][5] - Non-GAAP net profit for Q4: $98,083,000, an increase of 59.4% from $61,539,000 [5] Business Segment Performance - Core education business revenue (excluding self-operated products and live e-commerce) grew by 18.7% year-on-year [5] - Revenue from overseas exam preparation and consulting services increased by approximately 14.6% and 8.2%, respectively [5] - Domestic exam preparation for adults and university students recorded a year-on-year growth of about 17.0% [5] - New business segments (non-subject tutoring, intelligent learning systems) saw a revenue increase of 32.5% year-on-year [5] Financial Position - As of May 31, 2025, New Oriental had cash and cash equivalents amounting to $1.612 billion [9] - The company's share buyback plan has increased to a total value of $700 million, up from the original $400 million [9] - On July 30, 2025, New Oriental's stock closed at HKD 36.5, with a total market capitalization of HKD 60.4 billion [9]

Core Insights - New Oriental Education & Technology Group reported a net revenue of $1.243 billion for the fourth quarter ending May 31, 2025, representing a year-on-year increase of 9.4% [2] - The company's net profit attributable to shareholders was $7.1 million, a decrease of 73.7% year-on-year, with earnings per ADS at $0.04 [2] - For the fiscal year 2025, the group achieved a net revenue of $4.9 billion, a year-on-year increase of 13.6%, and a net profit attributable to shareholders of $372 million, reflecting a 20.1% increase [2] Revenue Growth - The fourth quarter's net revenue growth of 9.4% was driven by a significant increase of 18.7% in revenue excluding self-operated products and live e-commerce [3] - Revenue from overseas exam preparation and inquiry services grew approximately 14.6% and 8.2% respectively, while domestic exam preparation for adults and university students saw a growth of about 17.0% [3] - New educational businesses maintained strong growth, achieving a revenue increase of 32.5% in the quarter, with non-subject tutoring services operating in nearly 60 cities and approximately 918,000 registrations [3] Operational Efficiency - The company is focusing on optimizing teaching space layout to align with business growth and operational efficiency [3] - Investment in an OMO (Online-Merge-Offline) teaching system and artificial intelligence technology is ongoing, with the introduction of AI-driven learning devices and solutions [3] - Non-GAAP operating profit margin for the quarter, excluding self-operated products and live e-commerce, was 6.5%, an increase of 410 basis points year-on-year [3] Strategic Focus - The company aims to enhance product capability and quality, systematically develop educational resources, and improve operational efficiency in the new fiscal year [3] - Continuous investment in high-quality self-operated products is expected to diversify offerings and achieve significant breakthroughs [3] - The overall strategy includes cost optimization and efficiency enhancement across all business segments to pursue sustainable revenue growth and higher profitability [3]

Group 1 - The company reported a net revenue of $1.243 billion for the fourth quarter ending May 31, 2025, representing a year-on-year increase of 9.4% [1] - The net profit attributable to shareholders was $7.1 million, a decrease of 73.7% year-on-year, with earnings per ADS at $0.04 [1] - For the fiscal year 2025, the company achieved a net revenue of $4.9 billion, a year-on-year increase of 13.6%, and a net profit attributable to shareholders of $372 million, an increase of 20.1% [1] Group 2 - The Executive Chairman expressed satisfaction with the 9.4% year-on-year growth in net revenue for the quarter, highlighting an 18.7% increase in revenue excluding self-operated products and live e-commerce [2] - Revenue from overseas exam preparation and consultation services grew approximately 14.6% and 8.2% year-on-year, respectively, while domestic exam preparation for adults and university students saw a growth of about 17.0% [2] - New educational businesses maintained strong growth, achieving a revenue increase of 32.5% in the quarter, with non-subject tutoring services operating in nearly 60 cities and approximately 918,000 registrations [2] Group 3 - The CEO emphasized the focus on optimizing teaching space layout to align with business growth and operational efficiency, alongside investments in AI technology for the educational ecosystem [2] - The company launched a new generation of AI-driven smart learning devices and solutions, integrating new technologies into both offline and online products to enhance product capabilities [2] - The CFO noted that the Non-GAAP operating profit margin, excluding self-operated products and live e-commerce, was 6.5% for the quarter, an increase of 410 basis points year-on-year, with an annual Non-GAAP operating profit margin of 12.8%, up 150 basis points [2]

本文源自：金融界AI电报 新东方第四财季净营收12.4亿美元，同比增长9.4%，预估11.9亿美元第四财季调整后每ADS收益0.61美 元，预估0.39美元第四财季经营亏损867万美元，预估收益2780万美元 ...

Group 1 - The core viewpoint of the article highlights New Oriental-S (9901.HK) reporting its financial performance for the fiscal year ending May 31, 2025, with a net revenue of 4.9 billion USD, representing a year-on-year increase of 13.6% [1] - The company achieved a net profit of 372 million USD, which is a year-on-year increase of 20.1% [1]

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新东方美股盘前跌超11％，公司预计第一财季净营收14.6亿美元至15.1亿美元，市场预估15.8亿美元。 ...

智通财经7月30日电，新东方美股盘前跌超11%。 ...