Core Insights - The company reported a revenue of $1.52 billion for FY2026 Q1, representing a year-over-year increase of 6.1%, exceeding the previous guidance by 1% [1] - The company plans to return $490 million to shareholders through dividends and share buybacks, with a dividend of $0.12 per share and a total dividend payout of approximately $190 million [2] - The company expects revenue growth in FY2026 Q2 to be higher than Q1, with projected net revenue between $1.13 billion and $1.16 billion, reflecting a year-over-year increase of 9% to 12% [2] Financial Performance - In FY2026 Q1, the company achieved a Non-GAAP operating profit of $340 million, a year-over-year increase of 11.8%, with an operating profit margin of 22%, up 1.1 percentage points [1] - The company reported a net profit attributable to shareholders of $240 million for FY2026 Q1, a decrease of 1.9% year-over-year, while the Non-GAAP net profit was $260 million, down 2.4% year-over-year [1] - As of the end of FY2026 Q1, the company had cash and cash equivalents of $1.28 billion, time deposits of $1.57 billion, and short-term investments of $2.18 billion [1] Business Segments - The company’s revenue growth was driven by domestic exam services for adults and university students, which grew by 14.4% year-over-year, and new education businesses, which grew by 15.3% year-over-year [1] - The overseas business faced pressure, with the revenue growth for study abroad exam preparation and consulting services at only 1% and 2% year-over-year, respectively [1] Future Outlook - The company maintains its previous revenue growth expectations for the full year, despite adjusting forecasts due to international economic conditions affecting traditional study abroad and new cultural tourism businesses [2] - The company anticipates an increase in profit margins in FY2026 Q2, driven by improvements in core education business and enhanced profitability from its subsidiary, Dongfang Zhenxuan [2] - Revenue projections for FY2026-2028 are estimated at $5.36 billion, $5.98 billion, and $6.5 billion, with net profits of $460 million, $540 million, and $620 million, respectively, maintaining a "buy" rating [2]