New Oriental's single quarter revenue was 524million US dollars, a year-on-year decrease of 56.8%, and 925 learning centers were reduced

RedI network Lotte 7 month 27 Reported Wednesday

New Oriental （ NYSE ：EDU; HKEx ：9901） Today's earnings report . Results show that , New Oriental 2022 Net revenue in the fourth quarter of the fiscal year 5.24 Billion dollars , year-over-year 12.12 Billion dollars down 56.8%;

New Oriental 2022 The operating loss in the fourth quarter of the fiscal year was 1.06 Billion dollars ; The net loss attributable to shareholders is 1.89 Billion dollars .

By 2022 year 5 month 31 Day end , The total number of schools and learning centers of New Oriental is 744 between , And up to 2022 year 2 month 28 Diurnal 847 Inter comparison , Reduce 103 between ; And up to 2021 year 5 month 31 Diurnal 1669 Inter comparison , Reduce 925 between .

Yu Minhong, executive chairman of the board of directors of New Oriental, said ：“2022 The fiscal year is full of challenges and opportunities . In order to comply with the latest policy , We restructured our core business and operations , And has entered a new stage . The performance of our remaining major businesses is stable , It has laid a solid foundation for our future development . This fiscal year , The year-on-year growth of overseas examination preparation and overseas consulting business respectively 6% and 16%. The domestic examination preparation business for adults and college students increased by about 30%.”

New Oriental CEO Zhou Chenggang said ：“ As of the end of the quarter , The total number of schools and learning centers has been reduced to 744 between . As we pay more attention to the business opportunities of major cities in China , We are committed to using our existing educational infrastructure in the remaining major businesses 、 Human resources and advanced technology . We are also actively exploring new initiatives , Provide more advanced and diversified education services for students of all ages .”

Yang Zhihui, CEO and CFO of New Oriental, pointed out that ：“ New Oriental has maintained a steady cash flow during the restructuring process . As of the end of the quarter , Our cash and cash equivalents 、 The total amount of time deposits and short-term investments is about 42 Billion dollars . Most of the additional expenses incurred due to the termination of leases and layoffs involved in the closure of the Learning Center , Most of them 2022 Fiscal years have been digested .”

Yang Zhihui said , New Oriental management team will continue to work hard to restore overall profitability , And seek profitable growth .“ In the long run , Our continuous commitment to high-quality service and operational efficiency , Will serve our customers 、 Society and shareholders create more value .”

2022 year 7 month 26 Japan , The board of directors of New Oriental has authorized a share repurchase plan for New Oriental common shares , The maximum repurchase amount is 4 Billion dollars , For the period 2022 year 7 month 28 solstice 2023 year 5 month 31 Japan .

By 2022 year 5 month 31 Day end , New Oriental's cash and cash equivalents are 11.49 Billion dollars . Besides , The company's time deposit is 11.4 Billion dollars , The amount of short-term investment is 19 Billion dollars .

In the end of 2022 year 5 month 31 For the fiscal year ended , New Oriental net revenue 31 Billion dollars , fell 27.4%; Operating deficit 9.83 Billion dollars , The same period last year was 1.17 US $100 million operating profit .2022 The fiscal year NonGAAP The operating loss is 8.5 Billion dollars , The same period last year was 1.86 US $100 million operating profit .2022 The operating profit margin for the fiscal year is -31.6%, The operating profit margin for the same period of the previous fiscal year was 2.7%.

New Oriental 2022 The fiscal year Non-GAAP Operating profit margin （ Excluding share based compensation expenses ） by -27.4%, In the same period of the previous fiscal year Non-GAAP The operating profit margin is 4.4%.

2022 The net loss attributable to New Oriental shareholders in the fiscal year was 11.88 Billion dollars , The same period last year was 3.34 $100 million profit .2022 The shareholders of New Oriental in the fiscal year should account for Non-GAAP Net loss is 10.46 Billion dollars , The same period last year was 3.89 $100 million profit .

New Oriental expects 2023 Fiscal first quarter （2022 year 6 month 1 solstice 2022 year 8 month 31 Japan ） The total net revenue of will be 6.41 Million to 6.8 Between us $100 million , The year-on-year decline rate is 51% To 48% Between .

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