Market Capitalization Overview - New Oriental has a market capitalization of 15.747 billion [2] - TAL Education (好未来) has a market capitalization of 11.040 billion [2] - Vipshop (唯品会) has a market capitalization of 9.610 billion [2] - Miniso (名创优品) has a market capitalization of 5.940 billion [2] - Zai Lab (再鼎医药) has a market capitalization of 4.200 billion [2] - Huya (虎牙) has a market capitalization of 7.500 billion [2] Stock Performance - New Oriental's stock increased by 0.36 (+8.09%) [2] - TAL Education's stock decreased by 0.27 (-0.60%) [2] - Vipshop's stock increased by 0.56 (+2.49%) [2] - Miniso's stock increased by 0.01 (+0.07%) [2] - Zai Lab's stock decreased by 0.81 (-4.06%) [2] - Huya's stock increased by 0.03 (+0.75%) [2] Additional Company Insights - Financial One Account (金融壹账通) has a market capitalization of 2.91 million [3] - Xunlei (迅雷) has a market capitalization of 4.48 million [3] - Huami Technology (华米科技) has a market capitalization of 1.64 million [3] - Tuniu (途牛) has a market capitalization of 1.21 million [3] - Aiqiyi (爱奇艺) has a market capitalization of 24.11 billion [2]

Exhibit 99.1 TAL Education Group Announces Unaudited Financial Results for the First Fiscal Quarter Ended May 31, 2025 (Beijing–July 31, 2025)—TAL Education Group (NYSE: TAL) ("TAL" or the "Company"), a smart learning solutions provider in China, today announced its unaudited financial results for the first quarter of fiscal year 2026 ended May 31, 2025. Highlights for the First Quarter of Fiscal Year 2026 - Net revenues were US$575.0 million, compared to net revenues of US$414.2 million in the same period ...

Core Insights - The company reported a significant increase in net revenue for the first quarter of fiscal year 2026, rising from $414 million to $575 million year-over-year [1] - Operating profit turned positive at $14.35 million, compared to an operating loss of $17.33 million in the same period last year [1] - Net profit attributable to the company was $31.28 million, up from $11.40 million year-over-year [1] Financial Performance - Non-GAAP operating profit (excluding stock-based compensation) was $25.11 million, a substantial increase from $876,000 in the previous year [1] - Non-GAAP net profit (excluding stock-based compensation) reached $42.05 million, compared to $29.61 million in the same quarter last year [1] - As of May 31, 2025, the company had cash, cash equivalents, and short-term investments totaling $3.473 billion, down from $3.618 billion as of February 28, 2025 [1] Business Strategy - The increase in revenue is attributed to steady growth in learning services and AI-driven smart hardware, reflecting the company's commitment to providing high-quality learning experiences [1] - The launch of new smart hardware products (P4, T4, and S4) has expanded the company's reach to a broader user base [1] - The company aims to continue innovating in the K-12 learning sector, responding to changing user demands, and leveraging advancements in artificial intelligence and technology [1]

Group 1 - The core viewpoint of the news highlights the significant financial performance of TAL Education Group, with a notable increase in both revenue and net profit for the fiscal year ending February 28, 2025 [1][2] - As of July 31, TAL's stock opened up by 12.09%, reaching a price of $11.31 per share, with a total market capitalization of $6.899 billion [1] - The company's total revenue is projected to be $2.25 billion, reflecting a year-on-year growth of 50.98%, while the net profit attributable to shareholders is expected to be $84.591 million, showing a remarkable increase of 2467.51% [1] Group 2 - TAL Education Group, listed on the NYSE under the ticker TAL, focuses on smart education and open platforms, serving both public and private education sectors globally [2] - The company was founded in 2003 as Xueersi and officially listed on the New York Stock Exchange in 2010, with a mission to enhance education through love and technology [2] - TAL has developed a diversified educational ecosystem that caters to personalized learning needs for individuals aged from -1 to 24 years, encompassing various brands and services in quality education, technology services, overseas education, digital content publishing, educational hardware, and tutoring services [2]

Market Overview - US stock index futures are all up before the market opens, with Dow futures rising by 0.27%, S&P 500 futures up by 0.94%, and Nasdaq futures increasing by 1.33% [1] - European indices show mixed results, with Germany's DAX down by 0.17%, UK's FTSE 100 up by 0.39%, France's CAC40 down by 0.32%, and the Euro Stoxx 50 down by 0.51% [2][3] - WTI crude oil prices fell by 0.54% to $69.62 per barrel, while Brent crude oil dropped by 0.69% to $71.97 per barrel [3][4] Economic Indicators - The US core PCE year-on-year rate exceeded expectations, recording 2.8% for June, the highest since February, against a market expectation of 2.7% [5] - Goldman Sachs warns of pressure on US long-term Treasury bonds and the dollar due to the large fiscal deficit, while indicating that the US stock market may continue to rise [5] Company Earnings and Forecasts - Apple (AAPL.US) is expected to report Q3 earnings of $1.42 per share and revenue of $89.1 billion, showing a year-on-year earnings growth of 1.4% and revenue growth of 3.9% [7] - Amazon (AMZN.US) is projected to achieve Q2 revenue of $162 billion, a year-on-year increase of 9.5%, with operating profit expected to rise by 13.8% [8] - Microsoft (MSFT.US) reported Q4 revenue of $76.44 billion, exceeding expectations and showing an 18% year-on-year growth, with net profit increasing from $22.04 billion to $27.23 billion [9] - Meta (META.US) reported Q2 revenue of $47.52 billion, a 22% year-on-year increase, and expects Q3 revenue between $47 billion and $50.5 billion [10] - Qualcomm (QCOM.US) reported Q3 revenue of $10.37 billion, which was below analyst expectations, with mobile chip revenue also falling short [12] - Ford (F.US) warned of a potential 36% drop in profits this year due to the impact of tariffs, highlighting significant policy changes affecting the automotive industry [13] Other Notable Developments - Arm (ARM.US) reported a 12% revenue growth to $1.05 billion, but Q2 outlook fell short of expectations [11] - Good Future (TAL.US) reported a 38.8% year-on-year revenue increase in Q1, with net profit reaching $31.28 million [14] - Unilever (UL.US) exceeded sales growth expectations in Q2, driven by strong demand in North America and Europe [14]

Financial Data and Key Metrics Changes - The company recorded net revenues of $575 million, reflecting a year-over-year growth of 38.8% [12][18] - Non-GAAP income from operations was $25.1 million, compared to $0.9 million in the same period last year [22] - Gross profit increased by 47.3% to $315.4 million, with gross margin rising to 54.9% from 51.7% [19][22] - Selling and marketing expenses increased by 47.7% year-over-year, representing 30.9% of total net revenues [20][54] - General and administrative expenses increased by 10.4%, but as a percentage of total revenues, it decreased from 23.7% to 19.8% [21][63] Business Line Data and Key Metrics Changes - The Peiyou enrichment programs continued to deliver year-over-year revenue growth, with an enrollment retention rate of around 80% [14][37] - The online enrichment learning business saw ongoing innovation, including an upgraded shared reading product that enhances user engagement [15] - The learning devices business experienced year-over-year revenue growth, driven by product optimization and user experience enhancements [16][18] Market Data and Key Metrics Changes - The company strategically expanded its Peiyou learning center network, focusing on increasing center density in existing cities [33] - The learning devices market is becoming increasingly competitive, with full-stack players expanding their offerings [48][49] Company Strategy and Development Direction - The company aims to improve the learning experience and support students' holistic development through strategic priorities [7][28] - There is a focus on AI-powered learning devices to enhance personalized learning experiences and address the challenges of providing high-quality education at scale [10][46] - The company is committed to long-term sustainable growth rather than aggressive expansion, prioritizing product competitiveness and user experience [36][57] Management's Comments on Operating Environment and Future Outlook - Management expects continued progress into the second quarter, benefiting from seasonal factors such as summer vacation [26] - The company remains focused on enhancing product and service quality to meet user needs and adapt to market dynamics [28][68] - There is an emphasis on leveraging technology and innovation to capture emerging opportunities in the learning sector [46][68] Other Important Information - The company had $1.267 billion in cash and cash equivalents and $967.9 million in deferred revenue as of May 31 [23] - A new share repurchase program was authorized, allowing the company to spend up to $600 million to repurchase shares over the next twelve months [24] Q&A Session Summary Question: Update on Peiyou business expansion and outlook - Management confirmed that the continued expansion of the learning center network is a key growth driver, focusing on increasing center density in existing cities while exploring new locations based on local demand [33][36] Question: Performance of learning devices and new product impact - The learning devices business saw healthy year-over-year growth despite a seasonal decline. The new models launched in May are still in early stages, and their impact on revenue and margins is yet to be fully assessed [42][44] Question: Sales and marketing expense increase - The increase in sales and marketing expenses was driven by investments in online marketing and brand-building initiatives, not solely related to learning devices [54][56] Question: Margin performance and outlook - The solid margin performance was attributed to operational efficiencies and leveraging technology. The company remains focused on sustainable long-term growth rather than short-term financial metrics [62][68]

TAL Education Group (TAL) Q1 2026 Earnings Call July 31, 2025 08:00 AM ET Speaker0Ladies and gentlemen, good day, and thank you for standing by. Welcome to Tahoe Education Group's Fiscal twenty twenty six First Quarter Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. Please be informed that today's conference is being recorded.I'd now like to hand the conference over to Ms. Fang Liu, Investor Re ...

Core Viewpoint - TAL Education Group reported significant growth in its financial performance for the first quarter of fiscal year 2026, driven by an increase in learning services and AI-driven smart hardware business. Financial Performance Summary - Net revenue increased from $414.2 million in the same quarter last year to $575.0 million, representing a growth of 38.8% [2][4] - Operating profit was $14.3 million, a turnaround from an operating loss of $17.3 million in the previous year [2][4] - Non-GAAP operating profit rose to $25.1 million from $0.9 million, marking a substantial increase of 2766.3% [2][4] Profitability Metrics - Net profit attributable to TAL increased to $31.3 million from $11.4 million, a growth of 174.4% [3][4] - Non-GAAP net profit attributable to TAL was $42.0 million, up from $29.6 million, reflecting a 42.0% increase [3][4] - Basic and diluted net profit per ADS was $0.05, compared to $0.02 in the same quarter last year, an increase of 173.8% [3][4] Cash Position - As of May 31, 2025, the total balance of cash, cash equivalents, and short-term investments was $3.473 billion, down from $3.618 billion as of February 28, 2025 [3] Management Commentary - The President and CFO of TAL highlighted that the revenue growth was primarily due to the steady increase in learning services and AI-driven smart hardware, which expanded the user base [4] - The company aims to continue innovating in the K-12 learning sector and respond to changing user demands by leveraging advancements in AI and technology [4]

从业务结构来看，好未来正推进素质教育与智能硬件的双轮驱动战略。在学习服务领域，线下小班课程 依然是核心收入来源。 智通财经APP获悉，好未来教育集团(TAL.US)公布了截至2025年5月31日的2026财年第一季度未经审计 的财务业绩。数据显示，报告期内公司实现非美国通用会计准则下每股美国存托凭证收益(EPADS)0.07 美元，上年同期0.05美元;当季营业收入达5.75亿美元，较去年同期增长38.8%。归属于好未来的净利润 为3128.2万美元，上年同期归属于好未来的净利润为1140.2万美元。同时公司近日批准了6亿美元股票回 购计划。 公司投入大量资源用于AI大模型开发，全年运营成本和费用虽同比增长，但低于营收增速。 截至发稿，好未来美股盘前大涨近11%。 在智能硬件方面，好未来的学习机产品表现亮眼，稳居行业第一。不过，由于研发成本高企以及市场竞 争加剧，该业务目前仍未明显盈利。 ...

Core Viewpoint - The financial report for Q1 of fiscal year 2026 from TAL Education shows significant growth in revenue and profit, driven by learning services and AI-driven smart hardware products [1] Financial Performance - TAL Education reported a net income of $575 million, representing a year-over-year increase of 38.8% [1] - The operating profit for the quarter was $14.346 million, a turnaround from an operating loss of $17.33 million in the same period last year [1] - The net profit attributable to TAL Education was $31.282 million, marking a substantial year-over-year growth of 174.4% [1] Business Growth Drivers - The revenue growth was primarily attributed to the steady increase in learning services and the expansion of AI-driven smart hardware business [1] - New smart hardware products, including P4, T4, and S4, have helped the company reach a broader user base [1]