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3q21’s revenue reached US $1.119 billion, up 35% year on year From Good future

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The following is the 3q21’s revenue reached US $1.119 billion, up 35% year on year From Good future recommended by recordtrend.com. And this article belongs to the classification: Internet Education, Enterprise financial report, Investment & Economy.

On January 21, 2020, tal released its unaudited financial report for the third quarter of fiscal year 2021 as of November 30, 2020.

Summary of financial year 2021 Q3 results

Net income increased from US $829 million in the same period of last year to US $1119.1 million in the current quarter, with a year-on-year increase of 35.0%.

The operating loss was $127.4 million, while the operating profit was $69.4 million in the same period last year.

Non US GAAP operating loss (excluding equity incentive expenses) was US $73.4 million, while non US GAAP operating profit was US $99.6 million in the same period of last year.

Net loss attributable to tal was $43.6 million, compared with net profit attributable to tal of $19.6 million in the same period last year.

Non US GAAP net profit attributable to tal (excluding equity incentive expenses) was $10.4 million, compared with $49.7 million attributable to tal in the same period of last year.

The basic and diluted net loss per ads was $0.07. Non US GAAP basic and diluted net income per ads (excluding equity incentive expenses) is US $0.02. Every three ads equals one class a common share.

As of November 30, 2020, the total balance of cash, cash equivalents and short-term investments was US $5.098 billion, compared with us $2219.3 billion as of February 29, 2020.

The total number of students (long-term positive price courses) increased from about 2318000 in the same period of last year to about 3397030 in this quarter, with a year-on-year increase of 46.5%.

Performance summary for the nine months ended November 30, 2020

Net income increased by 29.7% from $2415.6 million in the same period last year to $3133.1 million in the current quarter.

The operating loss was $141 million, compared with an operating profit of $178.7 million in the same period last year.

The operating loss of non US accounting standards (excluding equity incentive expenses) was US $16.4 million, while the operating profit of non US accounting standards was US $263.8 million in the same period of last year.

Net profit attributable to tal was $53 million, compared with a net loss attributable to tal of $20.01 million in the same period last year.

Non US GAAP net profit attributable to tal (excluding equity incentive expenses) was US $177.6 million, compared with us $65 million attributable to tal in the same period of last year.

Basic and diluted net earnings per ads were $0.09 and $0.08. Non US GAAP basic and diluted net income per ads (excluding equity incentive expenses) were US $0.29 and US $0.28. Every three ads equals one class a common share.

In the first three quarters of fiscal year 2021, the average number of students (long-term positive price courses) increased from about 2483100 in the same period of last year to about 3995210, a year-on-year increase of 60.9%.

As of November 30, 2020, tal has set up 990 teaching centers in 102 cities, more than 871 teaching centers in 70 cities as of February 29, 2020.

Good future: 4q20 revenue increased by 18% year on year, announced that it will buy back up to US $500 million. Good future: 2q20 revenue increased by 20.8% year on year to US $1.1 billion. After detailed comparison of the financial reports of New Oriental and good future, we draw seven conclusions. Good future: 4q20 financial report teleconference record due to special reasons of the epidemic Online school’s performance growth accelerates new Oriental: 2q18 financial report expansion accelerates, revenue accelerates, but profit is under pressure. Good future: 2014 map of China’s online education industry. Good future: in fiscal year 2020, Q1’s revenue is 703 million US dollars, net loss is 7.3 million US dollars. Netease: 1q20’s net profit is 3.5 billion yuan, exceeding the market expectation. Learn from who: 1q20’s net income is 1.298 billion US dollars K12 business revenue growth of 448% 51talk: loss narrowed to 99.5 million yuan in 2019, profit in a single quarter good future: 4q18 revenue increased by 59.4% year on year, online courses increased significantly good future: 3q18 financial data, expansion slowed down, operation optimization improved efficiency New Oriental: 1q21 net revenue of 986 million US dollars, 8% year on year New Oriental: net revenue of 3.579 billion US dollars in 2020 15.6% year on year growth: 3q20 reached 1.965.8 billion yuan, up 252.9% year on year

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