Core Insights - New Oriental Education Technology Group reported a revenue increase of 13.6% year-on-year for the fiscal year 2025, reaching $4.9 billion, while net profit grew by 20.1% to $372 million [2][3] - However, the company experienced a significant decline in net profit of 73.7% in the fourth quarter, with net revenue of $1.243 billion, a 9.4% increase year-on-year [2][4] - The company aims to enhance management of its core education business and integrate AI technology into its future strategy [1][5] Financial Performance - Fiscal Year 2025 financial highlights include: - Net revenue: $4.9 billion, up 13.6% from $4.313 billion in FY 2024 [2] - Operating profit: $428.25 million, a 22.2% increase from $350.425 million [2] - Non-GAAP operating profit: $554.23 million, up 15.8% from $478.79 million [2] - Net profit attributable to shareholders: $371.72 million, a 20.1% increase from $309.59 million [2] - Basic earnings per ADS: $2.29, up 22.6% from $1.87 [2] Business Strategy and Future Outlook - The company is focusing on its core education business and plans to invest in AI-driven educational solutions, including a new generation of intelligent learning devices [5] - For Q1 FY 2026, New Oriental expects net revenue between $1.464 billion and $1.507 billion, representing a year-on-year growth of 2% to 5% [5] - The full-year revenue forecast for FY 2026 is projected to be between $5.145 billion and $5.39 billion, indicating a growth of 5% to 10% [5] Operational Challenges - The decline in fourth-quarter net profit is attributed to increased costs, particularly in sales, marketing, and administrative expenses, which reached a two-year high [4][6] - The company faces pressure to manage rising operational costs while maintaining business growth, necessitating adjustments in its business layout to meet evolving market demands [6]
新东方2025财年净利增两成，俞敏洪定调新财年聚焦核心教育