通告还表示，"同时，俞敏洪老师加入陈行甲老师的恒晖公益基金会，一起为中国青少年的健康和成长 而努力！新东方教育科技集团每年为恒晖基金会捐献不少于100万人民币的善款！为了美好的人间，我 们一起努力！" 公开信息显示，陈行甲出生于1971年1月，本科毕业于湖北大学，硕士毕业于清华大学，历任镇长、县 级市市长，2011年任巴东县委书记，2015年6月获"全国优秀县委书记"称号。2016年12月任期届满后， 他辞去公职，创立深圳市恒晖公益基金会，致力于开展公益创新、大病救助、青少年心理健康和教育关 怀、防灾救灾等公益项目。 新东方创始人俞敏洪2月2日在社交媒体发文称，"陈行甲老师来新东方报到啦"，并配发了两人合影。 1月20日，俞敏洪在自己个人社交平台，以新东方教育科技集团名义发布了一则通告："新东方教育科技 集团，聘请陈行甲老师，为新东方教育、东方甄选、新东方文旅总顾问，年薪150万人民币。" 今年1月，深圳市恒晖公益基金会创始人陈行甲因2024年年薪超过70万元而受到部分舆论质疑。1月18日 晚，陈行甲公开发布视频，宣布自己将交棒给年轻人："在这里，我做一个决定：我将正式启动交接程 序，在完成有序的交棒过渡之后 ...

2026.02.02 本文字数：574，阅读时长大约1分钟 来源 |江南都市报综合@俞敏洪、智通财经 | 2 壹企查 #* | | 管企业,东莞怡合达自动化股份有限公司 | 雷一下 | 应用 · 家 老户特惠 | 供需集市 品AP | | | --- | --- | --- | --- | --- | --- | --- | | 基本信息 101 | 上市信息 238 | 司法信息 217 经营诊断 999+ | 知识产权 999+ | 经营状况 290 企业发展 37 | | 历史信息 299 | | 主要人员 △发生变更时提醒我 | | | | | | | | 工商登记 8 | 历史工商登记 13 | | | | * 下载数 | ◎ 壹企童 | | 序号 | | 姓名 | | 即务 | 据 | 持股比例 | | 1 | 金立国 大殿东,最终受益人 | | TA有7案企业 > | 董事长,总经理 | | 19.67% | | 2 | 防 陈行甲 | | TA有1家企业 > | 独立董事 | | . | | 3 | 胡劲峰 胡 | | TA有1家企业 > | 独立董事,审计委员会成员 | | . | | 4 ...

Group 1 - The core viewpoint of the article highlights that New Oriental-S (09901) reported a 15% year-on-year increase in total revenue for Q2 of the 2026 fiscal year, reaching $1.191 billion, surpassing market expectations by 3% and exceeding the company's previous guidance of 9% to 12% [1] - Non-GAAP operating profit surged by 223% year-on-year to $89 million, exceeding consensus expectations by 62%, with a corresponding Non-GAAP operating profit margin of 7.5%, which is an increase of 2.8 percentage points over the consensus estimate of 4.7% [1] - Haitong International raised the target price for New Oriental from HKD 49 to HKD 52 based on the upward revision of performance expectations, maintaining an outperform rating [1] Group 2 - The company has been able to capture market share despite a generally sluggish study abroad industry, achieving a 1% year-on-year growth in Q2 of the 2026 fiscal year, with expectations for this trend to continue into the next quarter [1] - The company is taking a conservative stance on Q4 performance due to the strong seasonal characteristics of the study abroad consulting business, anticipating a decline in study abroad revenue next year due to the overall industry situation and the merger of its exam preparation and study abroad consulting businesses [1] - Haitong International noted that the company's cost reduction and efficiency enhancement measures are showing continued effectiveness, with progress in optimizing teacher allocation and diversifying product offerings, indicating sustainable growth in the K12 business [2]

Core Viewpoint - The report from Haitong International indicates that New Oriental-S (09901) has exceeded market expectations with a 15% year-on-year revenue growth to $1.191 billion for Q2 of FY2026, surpassing the company's previous guidance of 9% to 12% [1] Group 1: Financial Performance - Non-GAAP operating profit increased significantly by 223% year-on-year to $89 million, exceeding consensus expectations by 62%, resulting in a Non-GAAP operating profit margin of 7.5%, which is 2.8 percentage points higher than the consensus estimate of 4.7% [1] - Haitong International has raised the target price for New Oriental from HKD 49 to HKD 52 based on the upward revision of performance expectations, maintaining an outperform rating [1] Group 2: Market Position and Strategy - Despite a generally sluggish study abroad industry due to ongoing macroeconomic and international uncertainties, the company has managed to capture market share with a 1% year-on-year growth in Q2 of FY2026, a trend expected to continue into the next quarter [1] - The company is implementing cost reduction and efficiency enhancement measures, with progress noted in optimizing teacher allocation and diversifying product offerings, which include OMO, 1V1, small classes, and subject expansion [2] Group 3: Future Outlook - The company holds a cautious outlook for Q4 of FY2026 due to the strong seasonality of the study abroad consulting business, and anticipates a decline in study abroad revenue next year due to the overall industry situation and the merger of its exam preparation and study abroad consulting businesses [1] - The management has shown a strong commitment to improving profitability in the study abroad segment, despite current revenue growth being maintained at a low double-digit rate [2]

新东方教育集团董事长俞敏洪今日发文：陈行甲老师正式到新东方报到啦。 1月20日，新东方宣布聘请恒晖公益基金会创始人陈行甲为新东方教育、东方甄选、新东方文旅总顾 问，年薪150万人民币。 此前，陈行甲因2024年年薪超过70万元而受到部分舆论质疑。1月18日晚，陈行甲公开发布视频，宣布 自己将交棒给年轻人。 责任编辑：王翔 1月20日，新东方宣布聘请恒晖公益基金会创始人陈行甲为新东方教育、东方甄选、新东方文旅总顾 问，年薪150万人民币。 此前，陈行甲因2024年年薪超过70万元而受到部分舆论质疑。1月18日晚，陈行甲公开发布视频，宣布 自己将交棒给年轻人。 责任编辑：王翔 新东方教育集团董事长俞敏洪今日发文：陈行甲老师正式到新东方报到啦。 ...

Core Viewpoint - New Oriental Education Technology Group has officially announced the hiring of Chen Xingjia as a senior advisor with an annual salary of 1.5 million RMB, indicating a strategic move to enhance its educational offerings and social initiatives [1]. Group 1: Company Announcement - Yu Minhong, the founder of New Oriental, confirmed Chen Xingjia's arrival on social media, highlighting the significance of this appointment for the company [1]. - The company will contribute no less than 1 million RMB annually to the Henghui Charity Foundation, which focuses on the health and growth of Chinese youth [1]. Group 2: Background of Chen Xingjia - Chen Xingjia, born in 1971, has a diverse background, starting from a poor rural area and progressing through various governmental roles, including mayor and county secretary [1]. - He was recognized as a "National Excellent County Secretary" in 2015 and founded the Shenzhen Henghui Children's Charity Foundation, focusing on children's medical aid and educational support [1].

Core Viewpoint - Daito's report indicates that New Oriental-S (09901) exceeded market expectations for its Q2 FY2026 performance, primarily due to improved profitability in its education business and contributions from Dongfang Zhenxuan [1] Group 1: Financial Performance - The company raised its revenue growth guidance for FY2026 from 5%-10% to 8%-12% due to stronger-than-expected revenue growth in K12 and overseas study segments [1] - The report highlights clearer visibility for profit growth driven by efficiency improvements and contributions from Dongfang Zhenxuan [1] Group 2: Earnings Forecast - Based on the upward revision of Dongfang Zhenxuan's profit forecast, the earnings per share (EPS) estimates for New Oriental for FY2027 to FY2028 have been increased by 0.4% to 1.4% [1] - The target price for New Oriental has been raised from HKD 53 to HKD 57, maintaining a "Buy" rating [1]

Core Insights - New Oriental's 2QFY26 revenue reached $1.191 billion, a year-on-year increase of 14.7% [1] - The education business (including cultural tourism) generated $974 million, growing 13% year-on-year [1] - Other businesses, primarily Dongfang Zhenxuan, reported revenue of $217 million, up 22.9% year-on-year [1] - Non-GAAP net profit attributable to the parent company was $73 million, a 68.6% increase year-on-year, with a Non-GAAP net profit margin of 6.1%, expanding by 2 percentage points [1] Education Business Performance - The study abroad business revenue was $252 million, growing only 1% year-on-year, a slowdown of 29.3 percentage points compared to the same period last year [1] - The company is integrating study abroad training and consulting services while expanding its youth study abroad training offerings to enhance growth resilience [1] New Business Growth - New business revenue (K9 competency training and learning machine) grew 21.6% year-on-year to $366 million, indicating sustained high growth in non-subject competency services [2] - The number of teaching locations increased to 1,379, a 21% year-on-year growth, although the growth rate slowed by 2.7 percentage points compared to 1QFY26 [2] Profitability Improvement - Despite the slowdown in high-margin study abroad business, the increase in competency business margins offset this decline [2] - Non-GAAP operating profit margin expanded by 4.7 percentage points year-on-year to 7.5% in 2QFY26, showing an accelerating expansion trend [2] Future Outlook - The company has raised its revenue forecasts for FY26-FY28 to $5.5 billion, $6.11 billion, and $6.89 billion, respectively, from previous estimates of $5.38 billion, $5.98 billion, and $6.73 billion [3] - The company expects the pressure on profit margins from the study abroad business to clear soon, with a projected slowdown in the growth rate of teaching locations to 10% [3] - The target price has been adjusted to $72.4, maintaining a buy rating [3]

Investment Rating - The report maintains a positive outlook on the overseas education sector, particularly highlighting key companies in the education and training industry [1]. Core Insights - The overseas education sector has shown significant improvement in operational efficiency, with a focus on key companies in the education and training industry [1]. - New Oriental (09901.HK) reported a revenue of $1.191 billion for Q2 FY26, a year-on-year increase of 14.7%, with a Non-GAAP net profit of $73 million, reflecting a 68.6% increase [6]. - Oriental Selection (01797.HK) achieved a revenue of 2.31 billion yuan in 1H FY26, up 5.7% year-on-year, and turned a profit with a net profit of 239 million yuan [9]. Summary by Sections 1. Overseas Education - The education index surged by 7.2% in the week of January 23-29, outperforming the Hang Seng Index by 2.2 percentage points [5]. - New Oriental's education business (including cultural tourism) generated $974 million, a 13% increase year-on-year, while other businesses (mainly Oriental Selection) saw a 22.9% revenue growth [6]. - The study abroad business's revenue growth has stabilized, with a 1% increase year-on-year, although it has slowed compared to previous periods [6]. 2. Oriental Selection - The company reported a revenue of 2.31 billion yuan in 1H FY26, marking a 5.7% increase year-on-year, and achieved profitability with a net profit of 239 million yuan [9]. - The gross merchandise volume (GMV) from self-operated products reached 2.16 billion yuan, with a significant improvement in gross margin from 21.5% to 33.7% year-on-year [10]. - The company is expanding its product offerings and enhancing operational efficiency, with a focus on increasing the utilization rate of existing teaching sites [7]. 3. Overseas Pharmaceuticals - The report highlights a strategic R&D collaboration between CSPC Pharmaceutical Group and AstraZeneca, valued at $18.5 billion, focusing on innovative long-acting peptide drugs [3][19]. - The agreement includes a $1.2 billion upfront payment and potential milestone payments totaling up to $13.8 billion, along with sales royalties based on net sales [19]. 4. Overseas Social Services - Macau's gaming revenue maintained double-digit growth, with December's gross gaming revenue reaching 20.9 billion MOP, a 14.8% year-on-year increase [23]. - The total visitor count for Macau in 2025 reached 40.06 million, a 14.7% increase year-on-year, marking a historical high [23].

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