Interface News reporter |
Interface News Edit | Song Jianan
April 24Late, New Oriental (Nyse: EDU)Surprove the fiscal year 2024thirdQuarter“Transcript.The companycreateRevenue of US $ 1207.3 billion, year -on -yearrise60.1%ItemsShareholders should account for $ 87.167 million in net profit, an increase of 6.8%year -on -year.
In the last fiscal season, New Oriental created a net profit of 4007.4%year -on -year.In contrast, although the net profit increase in the third quarter, the absolute value is higher than the previous fiscal quarter.The increase in net profit is mainly driven by the new business of education and the selection of self -product and live e -commerce business in the East.
“The new education business has achieved eye -catching results in this quarter, and its revenue increased by 72.7%year -on -year.” Yu Minhong, founder of New Oriental, said in his financial report.
The new education businesses mentioned by Yu Minhong include non -disciplinary counseling courses, such as literary courses such as story performance, eloquence, writing, and quality courses such as programming, art, robotics, science.After the “double reduction”, the competition in the quality education market is becoming more and more intense, and New Oriental still seems to be more difficult to compete for new users in K12.At present, the business is held in nearly 60 cities, with applicants for 355,000, a decrease of 54.8%month -on -month.
Other new education businesses include intelligent learning systems and equipment, smart education and intelligent learning solutions including learning machines.Intelligent learning systems and devices are adopted in about 60 cities. This fiscal season is 188,000 active paid users, which has not changed much from the previous month.
New Oriental’s traditional education business has performed strongly.The preparations for going abroad and consulting abroad increased by about 52.6%and 25.7%year -on -year, respectively.The preparation business for adults and college students increased by about 53.2%year -on -year.The company believes that the demand for overseas studying and consulting business is strong, and some opponents withdraw from the market means that competition is reduced.
The company did not discloseeachSpecific business revenue, but based onPreviously New Oriental HeheEastern SelectionDisclosed202In the second half of 3 yearsPerformance,Oriental SelectionOccupy New Oriental RevenueProportionAbout 20%.Considering that the cultural tourism business is the new business line, it is still in its infancy, so the education business is still the core pillar of New Oriental.
As of February 29, the total number of New Oriental Schools and Learning Center was 911, an increase of 68, a year -on -year increase of 199.Most newly -opened learning centers are located in high -level cities, as well as some low -line cities.
Yu Minhong mentioned the two “investment” in the financial report. First, it continued to invest in resources to develop the OMO (online and offline integration) system to apply new technologies to improve education and product quality.
The second is to continue to invest in the development of oriental selection, strengthen the development of self -employed products, and expand to different channels.While continuous development, comprehensive measures are implemented, including strengthening the supply chain system, better controlling food safety and product quality, expanding product types and increasing SKUs.
Yu Minhong once said that he hoped that at the end of 2024, the SKU of his self -operated product could reach about 400.As of November 30, 2023, Oriental Selection has launched its own brand products with a total of 264 SKUs.
In terms of new technologies, New Oriental is also catching up with a big model, but it mainly adopts the method of cooperation with external.
According to Zhang Chen, the person in charge of the product of the Division of New Oriental University,At present, Ali’s Tongya model has officially “put on work” at the Division of New Oriental University. Through Tongyi Listening, it automatically plays each node in the chapter, and sedks and summarizes the text content within the scope of the point.In the previous lesson, students may have to listen to 40-50 minutes, and the summary of segments, knowledge points, and courses can shorten this time.
“With the development of AI technology, the entire teaching and training industry may face a very large change.” Zhang Chen believes that AI solves the problem of efficiency, mainly for information transmission of information in the education industry.When the efficiency of information transmission reaches a critical value, the penetration rate of teaching resources may face a significant improvement.
In terms of expenditure, New OrientalthreeQuarterThe operating costs and expenses were US $ 1.0939 billion, an increase of 59.1%year -on -year. The main reason is the increase in the relevant costs and expenses of the Eastern selection of self -employed products and live e -commerce business.The total salary expenditure based on shares was US $ 27.5 million, an increase of 28.3%year -on -year.
During the period, revenue costs, sales and marketing expenses, general and administrative expenses were US $ 644.8 million, US $ 161.3 million, and US $ 287.8 million, an increase of 74.5%, 57.1%, and 33.6%year -on -year.
As of February 29, New Oriental’s cash and cash equivalents were US $ 2.0136 billion, with regular deposits of US $ 1.570.8 billion, and a short -term investment amount of 1.1753 billion US dollars.The deferred income balance was 1.521.7 billion US dollars, an increase of 30.8%year -on -year.
The company’s board of directors will further authorize the shares to repurchase until May 31.As of April 23, New Oriental repurchased a total of about 6 million US deposit stocks in the open market, with a total value of about 195.3 million US dollars.
New Oriental estimates that the total revenue of the fourth quarter of fiscal year (March 1st to May 31st) will be between US $ 11.15 billion-1127.3 billion US dollars, a year-on-year increase of 28%to 31%.The range is between 34%and 37%.
After the financial report was released, the new Oriental US stocks opened less than an hour, and the stock price fell 19.11%to $ 72/share.Some market voices believe that New Oriental has risen too fiercely before, and it is normal now.
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