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枫叶教育(01317) - 自愿性公告-最新业务进展
2025-12-01 09:02
香港交易及結算所有限公司及香港聯合交易所有限公司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 就 因 本 公 告 全 部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 本公司董事會(「董事會」)欣然提供有關楓葉世界學校課程(「楓葉世界學校課 程」)全 球 認 可 的 進 一 步 資 料。自2020/2021學 年 開 始 在 中 國 實 施 以 來,楓 葉 世 界 學 校 課 程 得 到 了 國 內 外 高 校 的 廣 泛 認 可。 (股 份 代 號:1317) 自 願 性 公 告-最 新 業 務 進 展 本公告由中國楓葉教育集團有限公司*(「本公司」,連 同 其 附 屬 公 司 及 綜 合 聯 屬 實 體 統 稱 為「本集團」)自 願 作 出。 China Maple Leaf Educational Systems Limited 中國楓葉教育集團有限公司* (於 開 曼 群 島 註 冊 成 立 之 有 限 公 司) 香 港,2025年12月1日 本公司委託ECCTIS進 行 一 項 對 標 認 可 研 究, ...
今日焦:FY25表現穩健,FY26全年指引趋于谨慎-20250731
citic securities· 2025-07-31 05:21
Group 1: Company Performance - New Oriental Education reported FY25 revenue of $4.9 billion, a year-on-year increase of 14%[1] - Net profit for FY25 was $372 million, up 20% year-on-year, with adjusted net profit reaching $432 million, exceeding expectations by 5%[1] - Adjusted net profit margin improved by 1.6 percentage points to 8.8%, primarily due to economies of scale[1] Group 2: Business Segments - Q4 FY25 education service revenue grew by 19% year-on-year to $1.1 billion, surpassing the previous guidance of 10%-13%[2] - The growth rate of education services has slowed compared to earlier quarters, with Q1, Q2, and Q3 FY25 showing increases of 33.5%, 31.3%, and 21.2% respectively[2] - New business in education grew by 32.5% year-on-year, while overseas exam training and study abroad consulting increased by 14.6% and 8.2% respectively[2] Group 3: Future Guidance - Management expects Q1 FY26 total net revenue to be between $1.46 billion and $1.5 billion, representing a year-on-year growth of 2% to 5%[2] - FY26 total net revenue is projected to be between $5.15 billion and $5.39 billion, indicating a year-on-year growth of 5% to 10%, slightly below market expectations of 8%-12%[2] - A new three-year shareholder return plan was announced, aiming to return at least 50% of profits to shareholders through dividends or share buybacks[2] Group 4: Market Sentiment - Concerns arise regarding the growth outlook due to the conservative FY26 guidance, which may affect investor sentiment[4] - The departure of key anchor host Dong Yuhui has negatively impacted the revenue of the Oriental Selection segment, which saw a 39% year-on-year decline in FY25[4] - The current expected P/E ratio for FY26 is 13.52 times[4]