Bright Scholar(US:BEDU)2021-04-22 13:35Financial Performance - For FY2021 Second Fiscal Quarter, total revenue decreased by 78% year-over-year to RMB 8090 million [34] - Gross profit decreased significantly by 465% year-over-year to RMB 1641 million, with gross margin declining from 350% to 203% [34] - The company experienced an operating loss of RMB 403 million, a substantial decrease of 1529% year-over-year [34] - Adjusted EBITDA decreased by 683% year-over-year to RMB 483 million, with the adjusted EBITDA margin declining from 174% to 60% [34] - Adjusted net loss was RMB 360 million, a decrease of 1605% year-over-year [34] - For the first half of FY2021, total revenue decreased by 58% year-over-year to RMB 18606 million [34] Segment Performance - Domestic K-12 schools revenue increased by 120% year-over-year to RMB 5011 million in F2Q'21 [36] and 113% year-over-year to RMB 12435 million in F1H'21 [39] - Overseas schools revenue decreased significantly by 493% year-over-year to RMB 1506 million in F2Q'21 [36] and 488% year-over-year to RMB 2848 million in F1H'21 [39] - Education technology revenue increased by 356% year-over-year to RMB 381 million in F2Q'21 [36] and 482% year-over-year to RMB 748 million in F1H'21 [39] - Complementary education revenue increased by 144% year-over-year to RMB 1192 million in F2Q'21 [36] and 26% year-over-year to RMB 2575 million in F1H'21 [39] Strategic Initiatives and Outlook - The company reaffirms its revised revenue guidance for fiscal year 2021 to be between RMB 359 billion and RMB 369 billion, representing a year-over-year increase of 7% to 10% [90] - The company anticipates enrolment between 56000 and 57000 students, representing a year-over-year increase of 8% to 10% [91]