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%。 ...

Core Insights - New Oriental-S (09901) 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 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 [1] - For the fiscal year 2025, New Oriental achieved a net revenue of $4.9 billion, up 13.6% year-on-year, and a net profit attributable to shareholders of $372 million, an increase of 20.1%, with basic net profit per ADS at $2.29 [1] Revenue Growth - The company ended the fiscal year with a healthy revenue growth of 9.4% in the fourth quarter [2] - Excluding revenue from self-operated products and live e-commerce, net revenue grew by 18.7% year-on-year [2] - Revenue from overseas exam preparation and consultation services increased by approximately 14.6% and 8.2% respectively, while domestic exam preparation for adults and university students saw a growth of about 17.0% [2] New Business Development - New Oriental's new educational businesses maintained strong growth, achieving a revenue increase of 32.5% [2] - Non-academic tutoring services were launched in nearly 60 cities, with approximately 918,000 registrations in the quarter [2] - The smart learning system and devices were adopted in about 60 cities, with around 255,000 active paying users in the quarter [2] Strategic Focus - The company plans to enhance management of core educational businesses, prioritize product capability and quality, systematically develop educational resources, and improve operational efficiency in the new fiscal year [2] - New Oriental continues to invest in its health and high-quality self-operated products, aiming for significant breakthroughs and product innovation [2] Profitability Metrics - The Non-GAAP operating profit margin for the fourth quarter, excluding self-operated products and live e-commerce, was 6.5%, an increase of 410 basis points year-on-year [2] - For the entire fiscal year 2025, the Non-GAAP operating profit margin was 12.8%, up 150 basis points from the previous year [2] - The company aims to implement cost optimization and efficiency enhancement measures across all businesses to pursue sustainable revenue growth and higher profitability in fiscal year 2026 [2]

Core Insights - New Oriental's net revenue for Q4 of FY2025 increased by 9.4% year-on-year to $1.2432 billion, while net revenue excluding self-operated products and live e-commerce business rose by 18.7% to $1.0885 billion [1][2] - The operating loss for Q4 of FY2025 was $8.7 million, compared to an operating profit of $10.5 million in the same period last year [1] - The net profit attributable to New Oriental's shareholders for Q4 of FY2025 decreased by 73.7% year-on-year to $7.1 million [1] Financial Performance - For the fiscal year ending May 31, 2025, New Oriental's net revenue reached $4.9003 billion, reflecting a year-on-year increase of 13.6% [2] - Operating profit for FY2025 was $428.3 million, up 22.2% year-on-year [2] - The net profit attributable to shareholders for FY2025 was $371.7 million, representing a 20.1% increase year-on-year [2] Business Segments - Revenue from overseas exam preparation and consulting services grew by approximately 14.6% and 8.2% year-on-year, respectively [3] - Domestic exam preparation services for adults and college students recorded a year-on-year growth of about 17.0% [3] - New educational businesses maintained strong growth, with a revenue increase of 32.5% year-on-year, and non-subject tutoring services were launched in nearly 60 cities [3] Future Outlook - New Oriental expects Q1 of FY2026 (June 1 to August 31, 2025) net revenue to be between $1.4641 billion and $1.5072 billion, with a year-on-year growth rate of 2% to 5% [2] - The company plans to enhance management of core educational businesses, improve product capabilities and quality, systematically develop educational resources, and increase operational efficiency in the new fiscal year [3]

每经AI快讯，新东方公告，2025财年第四季度净营收12.43亿美元，同比增长9.4%；归属公司净利润710 万美元，同比减少73.7%。 ...

新东方(EDU.US)盘前跌超10%，报42美元。消息面上，新东方公布截至5月31日的第四财季业绩，净营 收同比增长9.4%至12.43亿美元，净利润同比大幅下降73.7%至710万美元。期内录得经营亏损870万美 元，而上财年同期经营利润为1050万美元。(格隆汇) ...

Financial Performance - For the fourth quarter of fiscal year 2025, net revenue increased by 9.4% year-over-year to $1,243.2 million, while net revenue excluding self-operated products and live e-commerce business rose by 18.7% to $1,088.5 million[6][7]. - The operating loss for the fourth quarter was $8.7 million, compared to an operating profit of $10.5 million in the same quarter last year, marking a decline of 182.4%[6][7]. - The net profit attributable to New Oriental shareholders decreased by 73.7% year-over-year to $7.1 million[7]. - Non-GAAP operating profit for the fourth quarter was $81.7 million, a significant increase of 116.3% compared to $37.8 million in the previous year[6][7]. - For the full fiscal year 2025, net revenue reached $4,900.3 million, representing a 13.6% increase from $4,313.6 million in fiscal year 2024[8]. - The operating profit for the full fiscal year was $428.3 million, up 22.2% from $350.4 million in the previous year[8]. - The net profit attributable to New Oriental shareholders for the full fiscal year increased by 20.1% to $371.7 million[8]. - The Non-GAAP net profit attributable to New Oriental shareholders for FY2025 was $517.1 million, reflecting an 11.4% year-over-year increase[24]. - Basic earnings per American Depositary Share (ADS) was $2.29, up from $1.87 in 2024, reflecting a 22.5% increase[50]. Revenue Growth - The company reported a 32.5% year-over-year revenue growth in new educational businesses during the fourth quarter[10]. - For Q4 FY2025, the net revenue of New Oriental was $1,243.2 million, representing a year-over-year increase of 9.4%. Excluding the revenue from self-operated products and live e-commerce, the net revenue was $1,088.5 million, up 18.7% year-over-year[14]. - For the full FY2026, New Oriental projects net revenue between $5,145.3 million and $5,390.3 million, with a year-over-year growth rate of 5% to 10%[25]. Operating Expenses and Cash Flow - The total operating expenses for the quarter were $1,251.8 million, reflecting an 11.2% year-over-year increase[15]. - The net cash flow from operating activities for Q4 FY2025 was approximately $399.1 million, with capital expenditures of $65.9 million[21]. - Cash generated from operating activities was $896,592, down from $1,122,643 in 2024, indicating a decrease of 20.2%[54]. - Operating cash flow for the three months ended May 31, 2025, was $399,122, an increase of 5.9% from $376,835 for the same period in 2024[46]. Assets and Liabilities - Total assets as of May 31, 2025, were $7,805,499, an increase of 3.6% from $7,531,673 as of May 31, 2024[38]. - Total liabilities as of May 31, 2025, were $3,851,767, an increase of 10.6% from $3,482,659 as of May 31, 2024[38]. - Cash and cash equivalents as of May 31, 2025, were $1,612,379, an increase of 16.1% from $1,389,359 as of May 31, 2024[37]. - Cash and cash equivalents at the end of the period increased to $1,817,133 from $1,589,104 in 2024, showing a growth of 14.3%[54]. Future Outlook - New Oriental expects Q1 FY2026 net revenue to be between $1,464.1 million and $1,507.2 million, representing a year-over-year increase of 2% to 5%[25]. - The revenue outlook reflects New Oriental's current perspective and may be adjusted based on future currency exchange rates[25]. Shareholder Returns - The board approved a share repurchase plan extending to May 31, 2025, with a total repurchase value increased to $700 million, having repurchased approximately 14.5 million ADS[12]. - The company plans to return at least 50% of its net profit attributable to shareholders in the form of dividends and/or share repurchases starting in FY2026[13]. Goodwill Impairment - The company reported a goodwill impairment of $60,299 for the three months ended May 31, 2025[40]. - The company reported a goodwill impairment of $60,299, which was not present in the previous year[48].

新东方(09901.HK)：2025财年第四季度净营收12.43亿美元，同比增长9.4%；归属公司净利润710万美 元，同比减少73.7%。 ...

新东方教育科技集团预计第一财季净营收14.6亿美元至15.1亿美元。 ...

新东方(09901.HK)：预计第一财季收入增长2%-5%。 ...