香港交易及結算所有限公司及香港聯合交易所有限公司（「香港聯交所」）對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴該等內容而引致 的任何損失承擔任何責任。 NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC. 新 東 方 教 育 科 技（ 集 團 ）有 限 公 司 * （於開曼群島存續的有限公司） （股份代號：9901） 截 至 2025 年 1 1 月 3 0 日止第二季度的 未經審核財務業績 我們謹此公佈截至2025年11月30日止三個月及六個月的未經審核業績（「中期業績」）。 本 公 告 乃 根 據《香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則》第13.48(1)條作為截至2025 年11月30日止六個月的中期報告提供予我們的股東。中期業績在香港聯交所網站 (www.hkexnews.hk)及我們的網站(http://investor.neworiental.org/)可供查閱。 承董事會命 New Oriental Education & Technology Group ...

Core Viewpoint - New Oriental Education & Technology Group Inc. reported strong financial results for the second fiscal quarter of 2026, with significant year-over-year growth in revenues, operating income, and net income, indicating a robust recovery and expansion in its educational services business. Financial Highlights - Net revenues for the second fiscal quarter reached US$1,191.4 million, a 14.7% increase from US$1,038.6 million in the same quarter of the previous fiscal year [6][13]. - Operating income surged to US$66.3 million, marking a 244.4% increase compared to US$19.3 million in the prior year [6][16]. - Net income attributable to New Oriental was US$45.5 million, up 42.3% from US$31.9 million year-over-year [6][18]. - Non-GAAP net income attributable to New Oriental increased by 68.6% to US$72.9 million, compared to US$43.2 million in the same quarter of the previous fiscal year [19]. Operational Highlights - The company experienced a 4.1% increase in revenues from overseas test preparation and a 12.8% growth in domestic test preparation targeting adults and university students [8]. - New educational business initiatives saw a remarkable growth of 21.6% year-over-year [8]. - Non-academic tutoring courses attracted approximately 1,058,000 student enrollments, and the intelligent learning system had around 352,000 active paid users [8]. Shareholder Returns - An ordinary dividend of US$0.12 per common share (US$1.20 per ADS) was approved, with the first installment already paid [10]. - A share repurchase program was initiated, allowing for the repurchase of up to US$300 million of ADSs or common shares, with approximately US$86.3 million already utilized for repurchases [11]. Cash Flow and Balance Sheet - Net operating cash inflow for the quarter was approximately US$323.5 million, with capital expenditures of US$23.7 million [20]. - As of November 30, 2025, cash and cash equivalents totaled US$1,842.9 million, alongside US$1,609.9 million in term deposits and US$1,875.2 million in short-term investments [21]. Future Outlook - For the third quarter of fiscal year 2026, total net revenues are expected to be between US$1,313.2 million and US$1,348.7 million, reflecting a year-over-year increase of 11% to 14% [32]. - The full-year revenue guidance has been raised to a range of US$5,292.3 million to US$5,488.3 million, indicating an anticipated year-over-year increase of 8% to 12% [33].

Market Performance - On January 27, the US stock indices closed mixed, with strong performance in technology stocks driving the Nasdaq and S&P 500 up. The Dow Jones fell by 0.83% to 49,003.41 points, while the S&P 500 rose by 0.41% to 6,978.6 points, and the Nasdaq increased by 0.91% to 23,817.1 points [1][2]. Technology Sector - Six out of the seven major US technology companies saw stock price increases, with Nvidia and Apple rising over 1%, and Microsoft and Amazon increasing by more than 2%. However, Tesla's stock fell by 0.99%. Tesla's market share in the EU, UK, and EFTA dropped to 3% in December, while BYD's market share was 2.4%. Tesla's pure electric vehicle market share stands at 11.4% [2][3]. Semiconductor Stocks - Most semiconductor stocks experienced gains, with Intel rising by 3.39%, ASML by 2.92%, Broadcom by 2.43%, TSMC by 1.67%, and AMD by 0.26%. ARM saw a slight increase of 0.18%, while Qualcomm's stock fell by 0.96% [3]. Chinese Stocks - The Nasdaq Golden Dragon China Index rose by 0.48%, with many popular Chinese stocks performing well. Notable increases included Huya up nearly 20%, Kingsoft Cloud up 8.77%, Bilibili up 3.43%, Baidu up 1%, Alibaba up 0.79%, NIO up 0.65%, New Oriental up 0.56%, Tencent Music up 0.18%, and Pinduoduo up 0.05% [3]. Commodity Market - International oil prices surged, with US oil closing nearly 3% higher on January 27 and continuing to rise slightly on January 28. Brent crude oil also saw an increase of over 3% on January 27 [3]. Precious Metals - On January 28, spot gold prices slightly declined, while silver experienced a significant drop of 1%. In less than a month, both London spot silver and COMEX silver futures have seen year-to-date increases exceeding 50%. According to Guoyuan Futures, industrial demand for silver is expected to stabilize and decline by 2026, but physical investment demand is anticipated to expand, suggesting that precious metal prices may continue to strengthen [4]. Cryptocurrency Market - Cryptocurrencies saw a broad increase, with Bitcoin rising above $89,000, marking a 1.26% increase. Ethereum also rose by 3.18% to $3,018. Other cryptocurrencies like Solana, XRP, and Dogecoin experienced gains as well [5]. Geopolitical Developments - Reports indicate that the CIA is secretly pushing for a "long-term presence" in Venezuela, with plans to influence the country's future under the Trump administration. This may involve creating conditions for US diplomatic actions [6]. Additionally, the US has communicated to Israel its military preparedness regarding Iran, with potential actions expected in the coming months [7]. Consumer Confidence - A preliminary survey by the World Large Enterprises Research Association indicated that the US consumer confidence index dropped significantly from a revised 94.2 in December to 84.5 in January, marking the lowest level since May 2014 [7].

打造"教育+"创新枢纽 新东方海南教育基地在陵水落成启用 此外，陵水县旅文局与新东方文旅集团签订战略合作协议，双方将围绕研学及营地教育、康养旅居 目的地打造、新媒体推广等重点方向开展深度合作。 海南日报椰林1月26日电(海南日报全媒体记者 王迎春)1月25日，新东方海南教育基地落成仪式在 欧美同学会海归小镇(陵水·数字文创)举行。该基地落成，不仅开启陵水与新东方深化合作的新篇章，更 以"教育+"融合创新为抓手，助力陵水在教育、文旅、数字文创等领域的发展，为陵水打造热带海岛滨 海精致城市、创新创业活力城市注入发展活力。 据了解，陵水县人民政府、新东方教育科技集团有限公司自2025年2月签署战略合作协议以来，合 作持续走深走实，双方在课程打造、师资培养等方面多次开展协作，为此次教育基地的启用奠定了坚实 基础。 "陵水拥有得天独厚的资源禀赋，发展潜能强劲。"新东方教育科技集团董事长俞敏洪表示，新东方 海南教育基地作为新东方深耕海南的重要支点，将充分引入新东方前沿教育理念、优势师资、多元业态 等资源，将新东方海南教育基地建设成海南人才对外交流学习的桥头堡、海归和国内创业者的孵化基地 以及全国教育高科技改革创新的试验区 ...

Summary of Key Points from the Conference Call Industry Overview - The report focuses on the education industry, particularly the rise of leading companies New Oriental and TAL Education, driven by technological changes and demographic shifts [1]. Core Insights 1. **Rise of Dual Leaders in Education**: The expansion of the education market is propelled by technological transformation and changes in population structure, highlighting the synergy between these factors [1]. 2. **AI Empowerment in Education**: The integration of AI in education has shown significant improvements in quality and efficiency, indicating a clear commercial potential for AI+education [1]. 3. **Competitive Analysis of AI+Education**: The barriers within educational scenarios are well-defined, with a positive outlook for companies that demonstrate strong product capabilities and effective promotional strategies [1]. Investment Opportunities - Companies with rich vertical data and strong product capabilities to consider include: - DouShen Education - Rongxin Culture - Century Tianhong - Fenbi - TAL Education [2]. - Companies with high customer reach and promotional advantages include: - Southern Media - New Oriental - Zhongyuan Media - Wanxin Media - Urban Media - Quanta Education [2].

Market Performance - The three major U.S. stock indices closed higher on Monday, with the Dow Jones up 0.64% at 49,412.4 points, the S&P 500 up 0.5% at 6,950.23 points, and the Nasdaq up 0.43% at 23,601.36 points [1][2]. Company Updates - Major tech stocks mostly rose, with Apple increasing nearly 3% as it plans to announce a new version of Siri in late February, following a partnership with Google due to internal AI model challenges [2]. - Facebook rose over 2%, Google increased over 1%, while Tesla fell over 3% and Nvidia dropped 0.64% [2]. Earnings Season Insights - Over 90 companies in the S&P 500 are set to report quarterly earnings this week, including major players like Microsoft, Meta, Tesla, and Apple. So far, 76% of the companies that have reported exceeded earnings expectations [3]. - Investors are particularly interested in details regarding AI plans, investment speeds, and expected profits to assess the sustainability of the current bull market [3]. Semiconductor Sector - The Philadelphia Semiconductor Index fell by 0.39%, with Intel dropping over 5.7% after a significant decline of 17.03% the previous week. Intel's projected revenue for Q1 is between $11.7 billion and $12.7 billion, below analyst expectations [3]. Chinese Stocks - The Nasdaq China Golden Dragon Index decreased by 0.63%, with many popular Chinese stocks declining. Notable drops include Hesai down 10.06% and XPeng down 2.39%, while Li Auto rose 1.38% [3]. Commodity Market - Spot gold prices briefly surpassed $5,000 per ounce and then $5,100 per ounce. Long-term forecasts suggest that gold may continue to perform strongly, indicating a need for portfolio diversification [5]. - The cryptocurrency market saw a collective rise, with Bitcoin surpassing $88,000, while Ethereum increased by 4.14% [6]. Federal Reserve Outlook - The Federal Reserve is expected to announce its first policy decision of the year, with a 97.2% probability of maintaining the current overnight rate. Market speculation includes potential rate cuts later in the year [9].

（来源：智通财经） 在近日举行的2026崇礼论坛上，新东方创始人俞敏洪在谈及近期"新东方退休俱乐部"的成立时，笑称自 己也已经是一个老人了，虽然有人戏称他为"老登"，但他自认为不够"资格"。他指出，"老登"的特征在 于喋喋不休地教育年轻人，而自己面对年轻一代时都是抱着敬畏的心理。他坦言，如今这个世界是由年 轻一代创造的，在人工智能等前沿领域，许多年轻人的理解已远超自己这一代人。 "所谓'世界是我们 的，也是你们的，但归根到底是你们的'，"俞敏洪说道，"听我们这个年龄段的人讲感悟，其实已经落 后于时代了。" 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ ...

Core Viewpoint - The founder of New Oriental, Yu Minhong, has publicly addressed the spread of false information regarding the company's alleged indirect equity investment relationship with the China Food Safety News Agency, labeling it as malicious rumors and stating that legal action will be pursued against the perpetrators [1][3]. Group 1: Company Response to Rumors - Yu Minhong emphasized that New Oriental and its subsidiary, Dongfang Zhenxuan, are actively pursuing legal action against individuals spreading false information, with a commitment to hold them accountable [1][3]. - A recent apology statement from an individual known as "Chang Gongzhu" acknowledged the dissemination of unverified information about Dongfang Zhenxuan, admitting that it negatively impacted the company's reputation [3]. Group 2: Internal Communication and Employee Responsibility - In a letter to employees, Yu Minhong stated that those who have not resigned from New Oriental have a responsibility to uphold the company's image and development, encouraging internal resolution of unfair treatment before resorting to public platforms [4]. - The company promotes open feedback but advises caution regarding extreme statements on social media, highlighting that the company's normal operations are essential for employee job security [4]. Group 3: New Business Initiatives - New Oriental has recently ventured into the silver economy by launching the "Beijing New Oriental Retirement Club," targeting retirees aged 50-75 with interest courses and local social activities, offering free online classes or offline courses at a low cost [4]. - Since entering the cultural tourism sector in 2023, New Oriental has piloted senior cultural tourism routes and established over 20 wellness bases in locations like Hainan and Yunnan, with plans to open the Nanjing New Oriental Senior University in 2024, creating a multidimensional layout of "culture, tourism, education, and wellness" [4].

作者 丨叶映橙 见习记者林健民 编辑丨谢珍 近日，《21辟谣》注意到，有部分网友称中国食品安全报社与新东方教育科技集团总公司或其 下属机构存在间接股权投资关系的信息，引发舆论关注。 1月26日， 俞敏洪在社交平台上发布严正声明，称此事严重失实，纯属谣言。公司将采取法律 手段追究造谣者的法律责任。 公开资料显示，中国食品安全报社是我国食品安全领域国家级专业性新闻媒体，其前身为中国 食品质量报社，创立于1994年，2011年正式更名，创办人朱长学。2015年由国家事业单位转 为全民所有制企业单位，成立中国食品安全报社有限公司，组建中国食品安全报网传媒集团。 天眼查信息显示，中国食品安全报社由中国食品工业协会全资控股，报社持有北京中瑞源食品 工业有限公司51%的股份；而新东方教育科技集团有限公司的核心股东为北京世纪友好教育投 资有限公司。二者的股权结构及对外投资均无交集。 出品丨21财经客户端 21世纪经济报道 编辑丨金珊 见习编辑林芊蔚 肯德基外卖涨价 黄仁勋现身北京吃云南菜，此前在上海逛菜市场 首个拥有4个千万级机场的省份出现了 SFC 21君荐读 2 悦 读 · 智能 权 威 . r7 o 扫码点击下载 ...

1月26日，俞敏洪个人社交账号发布严正声明称，近日，公司发现有个别人士在互联网平台上，恶意拼接中国食品安全报社与新东方教育科技集 团总公司或其下属机构存在间接股权投资关系的信息。此事严重失实，纯属谣言。 俞敏洪最新发声。 公司将采取法律手段追究造谣者的法律责任，绝不姑息。 转载与合作可联系证券时报小助理，微信ID：SecuritiesTimes END 公开信息显示，中国食品安全报社成立于1994年8月，是我国食品安全领域国家级专业性新闻媒体，由中国食品工业协会主办。 综合自：俞敏洪抖音账号、长安街知事 责编：万健祎 校对： 刘榕枝 版权声明 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体法律责任的权利。 点击关键字可查看 潜望系列深度报道丨 股事会专栏 丨 投资小红书 丨 e公司调查 丨 时报会客厅 丨 十大明星私募访谈 丨 涨停潮！A股有色金属板块爆发 丨 金价，大涨！突 破5000美元/盎司 丨 腾讯宣布：春节分10亿元现金 丨 688115，终止重大资产重组！ 丨 两大牛股，停牌核查！深交所已暂停部分投资者交易 丨 002155， 披露重组预案！明日复 ...