2q20’s revenue was $1.1 billion, up 20.8% year on year From Good future
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The following is the 2q20’s revenue was $1.1 billion, up 20.8% year on year From Good future recommended by recordtrend.com. And this article belongs to the classification: Internet Education, Enterprise financial report, network service.
On October 22, 2020, tal’s revenue in the second quarter was US $1103.3 billion, an increase of 20.8% over the same period of the previous year, with an expected US $1.13 billion; after adjustment, each ads (American Depository Share) was 8 cents, with an expected 12 cents. After the results, tal’s shares fell 3.5% before Thursday’s trading, after falling more than 6% at one time.
Summary of fy2021 Q2 results
-Net income increased by 20.8% from $913.2 million in the same period of the previous year to $1103.3 million in the current quarter.
-The operating loss was 49.1 million US dollars and the operating profit was 60.8 million US dollars in the same period of last year.
-The non-U.S. accounting standard operating loss (excluding equity incentive expenses) was 11.8 million U.S. dollars, and the non-U.S. accounting standard operating profit was 89.7 million US dollars in the same period of last year.
-The net profit attributable to tal was US $15 million, while the net loss attributable to tal was US $23.5 million in the same period of the previous year.
-The non-U.S. accounting standard net profit attributable to tal was 52.3 million U.S. dollars, while the non-U.S. accounting standard net profit attributable to tal in the same period of last year was 5.3 million dollars.
-Basic and diluted net income per ads is $0.02. Non US GAAP basic and diluted net income per ads (excluding equity incentive expenses) are $0.09 and $0.08. Every three ads is equal to one class a common share.
-As of August 31, 2020, the total balance of cash, cash equivalents and short-term investment is US $2786.9 million, and the balance as of February 29, 2020 is $22193 million.
-The total number of students (long-term regular courses) increased from 3413120 in the same period of last year to 5632210 in this quarter, up 65.0% year-on-year.
Summary of results for the six months ended August 31, 2020
-Net income increased by 26.9% from $1586.6 million in the same period of the previous year to $2.013 billion in the current quarter.
-The operating loss was 13.6 million US dollars, and the operating profit was 109.3 million US dollars in the same period of last year.
-The non-U.S. accounting standard operating profit (excluding equity incentive expenses) was 56.9 million US dollars, compared with 164.2 million US dollars in the same period of last year, a year-on-year decrease of 65.3%.
-The net profit attributable to tal was US $96.6 million and the net loss attributable to tal in the same period of last year was US $39.7 million.
-The non-U.S. accounting standard net profit (excluding equity incentive expenses) attributable to tal was US $167.2 million, compared with us $15.3 million in the same period of last year.
-The basic and diluted net income per ads is $0.16 and $0.15. Non US GAAP basic and diluted net income per ads (excluding equity incentive expenses) are $0.28 and $0.27. Every three ads is equal to one class a common share.
-In the first half of fiscal year 2021, the average number of students (long-term regular courses) increased from about 2565660 in the same period of last year to 4294300 in this quarter, with a year-on-year increase of 67.4%.
-As of August 31, 2020, tal has 936 teaching centers in 91 cities, more than 871 teaching centers in 70 cities as of February 29, 2020.
Through a detailed comparison of the financial reports of New Oriental and tal, we draw seven conclusions: tal: 4q20 financial report teleconference actual record, due to the special reasons of the epidemic, the performance growth of online schools has accelerated. Tal: the revenue of 4q18 increased by 59.4% year on year, and the growth of online courses showed that New Oriental: 1q21 net revenue was 986 million US dollars, decreased by 8% year-on-year; tal: 4q20 revenue increased by 18% year-on-year New Oriental announced a buyback of up to $500 million: net revenue of $3.579 billion in fiscal year 2020 With a year-on-year growth of 15.6%. New Oriental: 2q18 financial report expansion accelerated, revenue accelerated, but profits were under pressure. Tal: 2014 China online education industry map good future: Q1 revenue of 2020 fiscal year was 703 million US dollars, net loss was 7.3 million US dollars. Tal future: 3q18 financial report data, expansion slowed down, operation optimization improved efficiency. Netease: 1q20 net profit of 3.5 billion yuan 2q20 net loss $12.1 million, up 4.5% year on year
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