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Overview of New Oriental Education & Technology Group
New Oriental Education & Technology Group (EDU) is a comprehensive provider of private educational services in China, offering robust educational services, test preparation, and online learning solutions. Established on groundbreaking educational principles, the company has built a reputation for delivering lifelong learning opportunities and skill enhancement programs that give students a competitive advantage in today’s challenging global market.
Core Business Segments
The company operates across a diverse portfolio of educational programs and services. Its offerings include:
- Foreign Language Training: Extensive programs in English and other languages that blend traditional Chinese educational values with innovative, interactive teaching methods.
- Test Preparation Courses: Comprehensive domestic and overseas test preparation courses designed for various academic levels, including adult education and university entrance requirements.
- Academic Tutoring: After-school tutoring and all-subject support for primary and secondary students, enhanced by modern pedagogy and digital learning systems.
- Online and Blended Learning: A suite of online educational platforms and intelligent learning systems that integrate digital tools with traditional classroom instruction.
- Educational Content and Software: Development and distribution of interactive educational content, software, and curriculum resources that support classroom and home learning environments.
Integration of Technology and Innovative Teaching
New Oriental has been at the forefront of applying technology in education. The company’s investment in online-merge-offline teaching systems and intelligent learning devices supports enriched learning experiences. This integration helps to improve teaching quality and user engagement through interactive methods while still honoring classical educational values. Their approach not only enhances academic performance but also fosters critical life skills necessary in an evolving job market.
Strategic Expansion and Diversification
Beyond traditional educational services, New Oriental has expanded its service model by venturing into related areas such as livestreaming e-commerce through its significant stake in East Buy. This subsidiary has developed a diversified portfolio of private label products and uses innovative digital content and livestream strategies to complement the core educational mission. This dual approach enables the group to offer a broader range of products and services that cater to the dynamic needs of both students and wider consumer markets.
Market Position and Brand Authority
New Oriental is recognized as one of the most established brands in the Chinese private education sector. Its long-standing presence in the market is attributed to its consistent commitment to quality education and innovation. The company’s programs are designed to improve quality of life and academic outcomes for millions of students, and its expansive network of learning centers and online platforms illustrates its capability to adapt to changing technological and demographic landscapes.
Business Model and Revenue Streams
The company generates revenue from a variety of sources including tuition fees from language and test preparation courses, subscription fees for online learning platforms, consulting fees for overseas study and academic tutoring, as well as revenue from digital commerce initiatives. By offering multiple channels of educational content and services, New Oriental has established a resilient business model that leverages both traditional classroom environments and modern digital infrastructures.
Commitment to Educational Excellence
At its core, New Oriental remains dedicated to enhancing learning outcomes and ensuring that its students receive the tools necessary to succeed in the competitive global marketplace. The company’s blend of humorous, interactive teaching techniques with time-honored academic principles underscores its commitment to excellence and continuous innovation.
Competitive Landscape and Industry Insights
Operating in a highly competitive industry, the company differentiates itself through its comprehensive approach that integrates multiple educational facets and innovative technology. Its established brand, extensive resource network, and dedication to improving teaching quality provide it with a significant competitive edge in both the educational and digital commerce sectors.
Conclusion
In summary, New Oriental Education & Technology Group stands as a critical pillar in the private education industry in China. With its diverse service offerings, emphasis on technological innovation, and strategic expansion into digital commerce, the company continues to influence educational trends and empower its student base with the skills necessary for a successful future.
New Oriental Education and Technology Group (NYSE: EDU/9901.SEHK) has scheduled to release its financial results for the third quarter ended February 28, 2025, before the U.S. market opens on April 23, 2025.
The company will host an earnings conference call at 8 AM U.S. Eastern Time (8 PM Beijing/Hong Kong Time) on the same day. Participants can join through dial-in registration or live webcast. The conference call replay will be available until April 23, 2026.
New Oriental Education & Technology Group (NYSE: EDU) reported its Q2 FY2025 financial results with total net revenues increasing 19.4% year-over-year to US$1,038.6 million. Core educational revenues, excluding East Buy private label products and livestreaming, grew 31.3% to US$894.2 million.
The company's operating income decreased 9.8% to US$19.3 million, while net income attributable to New Oriental increased 6.2% to US$31.9 million. Key business segments showed strong growth, with overseas test preparation up 21.1%, overseas study consulting up 31.0%, and domestic test preparation for adults and university students growing 34.9%.
The company's non-academic tutoring courses reached approximately 994,000 student enrollments across 60 cities. New Oriental maintained a strong balance sheet with US$4.8 billion in cash, cash equivalents, term deposits, and short-term investments. The company also extended its share repurchase program to May 31, 2025, increasing the authorized amount from US$400 million to US$700 million.
New Oriental Education and Technology Group (NYSE: EDU/9901.SEHK) has announced it will release its financial results for the second quarter ended November 30, 2024, before the U.S. market opens on January 21, 2025. The company will host an earnings conference call at 8 AM U.S. Eastern Time (9 PM Beijing/Hong Kong Time) on the same day.
Participants can join via dial-in after registering through the provided link or watch the live webcast at the investor relations website. A replay of the conference call will be available until January 21, 2026.
New Oriental Education & Technology Group (NYSE: EDU / 9901.SEHK) announced changes in its board composition. Dr. John Zhuang Yang has resigned as independent director and from his positions in the audit committee, compensation committee, and as chairperson of the nominating and corporate governance committee, effective December 16, 2024.
The company appointed Dr. Yue Zhuge as his replacement, taking on all the same roles. Dr. Zhuge brings extensive experience as a partner at NGP Capital and QuarkStar, and previously served as General Manager and VP of R&D at Hulu Beijing. She holds multiple advanced degrees including a Ph.D. in computer science from Stanford University.
New Oriental Education & Technology Group (NYSE: EDU) reported strong financial results for Q1 FY2025. Total net revenues increased by 30.5% year-over-year to US$1,435.4 million. Operating income rose 42.9% to US$293.2 million, while net income grew 48.4% to US$245.4 million. The company's core educational business showed significant growth, with overseas test preparation and consulting growing 18.8% and 20.7% respectively. Domestic test preparation saw 30.4% growth, while new educational initiatives surged 49.8%. The company expanded to 1,089 schools and learning centers, with non-academic tutoring courses reaching 484,000 student enrollments across 60 cities. The company maintains a strong financial position with US$4.9 billion in cash and investments.
New Oriental Education & Technology Group Inc. (NYSE: EDU and SEHK: 9901) has announced its annual general meeting of shareholders, scheduled for November 25, 2024 at 5:00 p.m. local time in Beijing, China. The meeting will serve as an open forum for shareholders to discuss company affairs with management, with no proposals submitted for shareholder approval.
The record date for determining shareholder eligibility is set for November 1, 2024. Holders of record of common shares and beneficial owners of ADSs are welcome to attend in person. The company has filed its annual report on Form 20-F for the fiscal year ended May 31, 2024, which is accessible on the company's website, SEC's website, and HKEX's website for Hong Kong purposes.
New Oriental Education and Technology Group Inc. (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, has announced that it will report its financial results for the first quarter ended August 31, 2024, before the U.S. market opens on October 23, 2024. The company's management will host an earnings conference call at 8 AM on October 23, 2024, U.S. Eastern Time (8 PM on October 23, 2024, Beijing/Hong Kong Time).
Participants can join the conference call by dialing in after registering in advance or by joining via a live webcast. A replay of the conference call will be available until October 23, 2025. The company has provided detailed instructions for accessing the call and webcast through various methods.
New Oriental Education & Technology Group Inc. (NYSE: EDU and SEHK: 9901), a leading provider of private educational services in China, has announced the filing of its annual report on Form 20-F for the fiscal year ended May 31, 2024. The report was filed with the Securities and Exchange Commission (SEC) on September 25, 2024.
The annual report is accessible on New Oriental's investor relations website and the SEC's website. The company will provide a hard copy of the report, including audited consolidated financial statements, free of charge to shareholders and ADS holders upon request.
Additionally, New Oriental has published its annual report for Hong Kong purposes in compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong (HKEX). This report is available on the company's investor relations website and the HKEX's website.
New Oriental Education & Technology Group Inc. (NYSE: EDU and SEHK: 9901), a leading private educational services provider in China, has announced a special cash dividend of US$0.06 per common share or US$0.6 per ADS. The total dividend payout will be approximately US$100 million. Shareholders of record as of September 9, 2024, will be eligible for the dividend, which is expected to be paid around September 23, 2024 for common shareholders and September 26, 2024 for ADS holders. This move demonstrates New Oriental's commitment to delivering value to its shareholders and reflects the company's strong financial position.
New Oriental Education & Technology Group Inc. (NYSE: EDU, SEHK: 9901) has announced an upsizing of its share repurchase program. The company's board of directors has approved an increase in the program's value from US$400 million to US$700 million, effective through May 31, 2025. As of the announcement date, New Oriental had already repurchased approximately US$330.3 million worth of its ADSs under the original program, which was launched on July 28, 2022. The repurchases may be conducted through various means, including open market transactions, private negotiations, and block trades, subject to market conditions and applicable regulations.
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