New Oriental-S plummeted by 10% after its performance, with overnight US stocks falling by over 8%. As of the time of publication, it dropped by 10.09% to HKD 45, with a turnover of HKD 46.2727 million. In terms of news, New Oriental released its first-quarter performance ending on August 31, 2024, with revenue of USD 1.435 billion, up 30.5% year-on-year; operating profit of USD 293 million, up 42.9% year-on-year, non-GAAP operating profit of USD 300 million, up 22.6% year-on-year, net profit of USD 245 million, up 48.4% year-on-year, non-GAAP net profit of USD 265 million, up 39.8% year-on-year. The management of New Oriental stated that they will cautiously expand and recruit to support the development of the education business. The company expects net revenue for the second quarter of the fiscal year 2025 (September 1, 2024, to November 30, 2024) to be between USD 851.4 million and USD 871.8 million, up 25% to 28% year-on-year. Previously, the company had given the market a consistent expectation of over 30% growth in 2025
According to the information from Zhitong Finance and Economics APP, New Oriental-S (09901) plummeted by 10% after its performance, with overnight US stocks falling by over 8%. As of the time of publication, it dropped by 10.09% to HKD 45, with a turnover of HKD 46.2727 million.
On the news front, New Oriental released its first-quarter performance ending on August 31, 2024, with a revenue of USD 1.435 billion, up 30.5% year-on-year; operating profit of USD 293 million, up 42.9% year-on-year, non-GAAP operating profit of USD 300 million, up 22.6% year-on-year, net profit of USD 245 million, up 48.4% year-on-year, non-GAAP net profit of USD 265 million, up 39.8% year-on-year.
The management of New Oriental stated that they will cautiously expand and recruit to support the development of the education business. The company expects the net revenue for the second quarter of the 2025 fiscal year (September 1, 2024, to November 30, 2024) to be between USD 851.4 million and USD 871.8 million, up by 25% to 28% year-on-year. Previously, the company had given the market a consistent expectation of over 30% growth in 2025