未知机构：东吴商社新东方FY2026Q2至2025年11月30日业绩-20260129

Company Overview: New Oriental Education & Technology Group Key Financial Metrics - Revenue for FY2026 Q2 reached $1.191 billion, representing a year-over-year increase of 14.7% [1] - Operating profit was $66 million, showing a significant year-over-year growth of 244.4% [1] - Non-GAAP operating profit stood at $89 million, reflecting a year-over-year increase of 206.9% [1] - Net profit attributable to shareholders was $46 million, up 42.3% year-over-year [1] - Non-GAAP net profit attributable to shareholders was $73 million, with a year-over-year increase of 68.6% [1] Business Segment Performance - The overseas exam preparation segment grew by 4.1% year-over-year [1] - Domestic adult exam preparation and university student business increased by 12.8% year-over-year [1] - New education business saw a growth of 21.6% year-over-year [1] - Non-academic training had 1.058 million students in Q2 [1] - Active paid users for smart learning systems and devices reached 352,000 [1] Operational Metrics - The company's operating profit margin (OPM) for Q2 was 5.6%, compared to 1.9% in the same period last year [1] - Non-GAAP OPM increased to 7.5%, a rise of 470 basis points year-over-year [1] Cash and Investment Position - As of January 27, 2026, the company repurchased approximately 1.6 million American Depositary Shares under the new share repurchase plan, totaling about $86 million [2] - Cash and cash equivalents at the end of the period were $1.843 billion, with time deposits of $1.610 billion and short-term investments of $1.875 billion [2] - Contract liabilities as of the end of November 2025 were $2.162 billion, reflecting a year-over-year increase of 10.2% [2] Future Guidance - The company expects FY2026 Q3 revenue to be between $1.313 billion and $1.349 billion, representing a year-over-year growth of 11% to 14% [2] - Full-year revenue guidance for FY2026 has been raised to between $5.292 billion and $5.488 billion, indicating a year-over-year increase of 8% to 12%, up from the previous guidance of 5% to 10% [2]