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]
新东方-S(09901)发布年度业绩，股东应占净利润3.72亿美元 同比增加20.1%