New Oriental disclosed performance: quarterly losses launched $ 400 million repurchase shares

Cover Journalist Zhu Ning

On July 28th, as of press time, the Hong Kong stock market reported that the new Oriental Online reported to 12.085%to HK $ 20.600 per share; yesterday, US stocks New Oriental reported to 7.03%to US $ 25.74 per share.

On the evening of July 27, New Oriental disclosed the performance. In the fourth quarter of fiscal year in fiscal year in fiscal year, the company's net revenue fell 56.8%year -on -year, and its operating loss reached 105.6 million US dollars. At the same time, the company launched a 400 million US dollar share repurchase plan.

The announcement shows that as of May 31, 2022, the net revenue in the fourth quarter of fiscal year in New Oriental was US $ 524 billion, a year -on -year decrease of 56.8%. The company said that it mainly cooperates with the relevant policies to terminate the impact of the K-9 discipline after-class counseling business; the business loss is US $ 105.6 million, and the Non-GAAP operating loss is US $ 76.855 million; New Oriental shareholders should account for US $ 189.3 million.

From the entire fiscal year, the net revenue of New Oriental 2022 fiscal year was US $ 3.105.2 billion, a year-on-year decrease of 27.4%; the operating loss was US $ 982.5 million, and the operating profit of the previous fiscal year was US $ 117.3 million. New Oriental shareholders should account for $ 1187.7 billion.

In the secondary market, since the introduction of relevant policies in the field of education, New Oriental's stock price has plummeted. In terms of Hong Kong stocks, the new Oriental stock price has fallen by nearly 90 %, and in March 2022, it hit a new low of HK $ 6.62. However, after the Oriental Selection Agricultural Live on Weibo, the new Oriental stock price bottomed out. As of July 27, the company's stock price was reported at HK $ 18.66.

Yu Minhong, chairman of New Oriental, said that the fiscal year in 2022 is a year full of challenges and opportunities. "We have reorganized the core business and operations. In this fiscal year, overseas examination preparations and overseas study consulting business increased by 6%and 16%respectively. The domestic examination preparation business for adults and college students increased by about 30%year -on -year." Yu Minhong also also It is said that the "Oriental Selection" e -commerce platform established by New Oriental Online this fiscal year has made significant progress and has been widely recognized by tens of millions of subscribers and members.

New Oriental said that the total net revenue from the first quarter of fiscal year (June 1, 2022 to August 31, 2022) will be between US $ 641.3 million and US $ 680.6 billion, a year -on -year decrease of 51%to 48 %.

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