New Oriental disclosed that the financial performance of 2022 in the fiscal year Yu Minhong said that it has entered a new stage

China News Service, July 28th. On July 27, New Oriental disclosed the unsight financial results of the fourth quarter and annual of the year as of the fourth quarter of May 31, 2022.Among them, the net revenue in the fourth quarter of fiscal year fell by 56.8%to US $ 524 million year -on -year, with operating losses of US $ 105.6 million, and shareholders should account for US $ 189.3 million.New Oriental's fiscal revenue in the fiscal year in 2022 was about US $ 3.105 billion, and the operating loss was about 983 million US dollars.

As of May 31, 2022, the total number of schools and learning centers was 744.Compared with the 1,669 rooms ended on May 31, 2021, 925 rooms were reduced.As of May 31, 2022, the total number of schools was 107.

Yu Minhong, executive chairman of the New Oriental Board, said that the fiscal year in 2022 is a year full of challenges and opportunities.In order to meet the latest policies, New Oriental reorganized its core business and operations, and has entered a new stage.The stable main business performance of New Oriental's main business has laid a solid foundation for future development.The new businesses carried out earlier this year have also achieved encouraging results.

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