1q21 net revenue was $986 million, down 8% year on year From New Oriental
RecordTrend.com is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.
The following is the 1q21 net revenue was $986 million, down 8% year on year From New Oriental recommended by recordtrend.com. And this article belongs to the classification: Internet Education, Enterprise financial report, network service.
October 13, 2020, New Oriental（ EDU.US ）$released its first quarter (Q1) performance report for the fiscal year ended August 31, 2020. The report is as follows:
1. The total net revenue was $986.4 million, down 8% year on year
2. The operating profit was US $150.3 million, down 38.9% year on year
3. The net profit attributable to New Oriental was 174.7 million US dollars, down 16.4% year on year
4. After dilution, the revenue per ads was US $1.09, down 16.5% year on year
5. The total number of students in academic guidance and examination preparation courses reached about 2.9611 million, up 13.5% year on year
6. As of August 31, 2020, the total number of schools and learning centers is 1472, with a year-on-year increase of 211 and a month on month increase of 7. As of August 31, 2020, the total number of schools is 112.
New Oriental expects total revenue in the second quarter of fiscal year 2021 (September 1, 2020 to November 30, 2020) between $863.7 million and $887.3 million, an increase of 10% to 13% year-on-year.
After comparing the financial reports of New Oriental and tal in detail, we come to seven conclusions: New Oriental has net income of US $3.579 billion in fiscal year 2020 New Oriental: the number of registered low-cost summer classes in the financial quarter of 2019q4 was 765400, with a year-on-year increase of 4%. New Oriental: the school expansion has achieved results, and the revenue increased by 41.2% to $618.1 million. Netease: the net profit of 1q20 is 3.5 billion yuan, which exceeds the market expectation. Learn from others: the net income of 1q20 is 1.298 billion yuan K12 business revenue increased by 448%. 2q20 net loss was $12.1 million, up 4.5% year on year. Tal: 4q20 revenue increased by 18% year on year. Announced to carry out buyback of up to $500 million 51talk: loss narrowed to 99.5 million yuan in 2019 Tencent data Lab & iResearch: 2017 China Education and training industry white paper (download) Chinese Academy of education and science: 2020 China K-12 education and training to B Market development report (with abstract version download) mobdata: 2018 education and Training Industry Research Report (download attached) Guo Shuang & New Oriental: 2018 white paper on China’s intelligent education development (download attached) New Oriental: 2019 white paper on studying in China (download attached)
If you want to get the full report, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.
