Bright Scholar E - BEDU STOCK NEWS

Bright Scholar Education Holdings Limited (NYSE: BEDU) will hold its 2021 annual general meeting on July 28, 2021, in Foshan, China. The meeting's key proposal involves ratifying Deloitte Touche Tohmatsu as the independent accountant for the fiscal year ending August 31, 2021. June 18, 2021 has been set as the record date for shareholders entitled to attend. Bright Scholar operates 95 schools across China and 8 schools internationally, providing quality international education along with the Chinese government-mandated curriculum.

Bright Scholar Education Holdings Limited (NYSE: BEDU) released its unaudited financial results for the second fiscal quarter ending February 28, 2021. Revenue decreased by 7.8% year-over-year to RMB809 million, while gross profit fell significantly by 46.5% to RMB164.1 million. Operating loss was RMB40.3 million, compared to an operating income of RMB76.2 million last year. The net loss for the quarter was RMB42.4 million versus a profit of RMB40.5 million in the previous year. Domestic K-12 schools performed strongly, with revenue increasing by 12%, though overseas schools faced substantial declines.

Bright Scholar Education Holdings Limited (NYSE: BEDU) announced it will release unaudited financial results for its second fiscal quarter ended February 28, 2021, on April 21, 2021, after the US market closes. A conference call to discuss these results is scheduled for April 22, 2021, at 8:00 am US Eastern Time. Interested participants can access the earnings report on the investor relations page at http://ir.brightscholar.com/. As of November 30, 2020, Bright Scholar operated 94 schools in China and eight abroad.

Bright Scholar Education Holdings Limited (NYSE: BEDU) has announced an agreement to acquire an 18% equity stake in Golden Ballet Dance, with the transaction expected to close in April 2021, subject to standard closing conditions. Golden Ballet, established in 2009, offers ballet training to over 60,000 children across 33 centers in China. This acquisition is projected to enhance Bright Scholar's market opportunities and synergies in the complementary education sector, emphasizing children's development as a priority.

Bright Scholar Education Holdings Limited (NYSE: BEDU) has entered into agreements with the Yiwu City Government to operate a K-12 school, named Yiwu Bright Scholar School, which will provide bilingual education for approximately 3,300 students from grades 1 to 12. The agreement was signed on January 22, 2021, in Yiwu City, known as the world's largest small commodities market. The school aims to enhance education quality in the region and foster local collaboration.

As of November 30, 2020, Bright Scholar operated 94 schools in China and 8 abroad, demonstrating its commitment to quality international education.

Bright Scholar Education Holdings Limited (NYSE: BEDU) announced that approximately 62.66% of its 2021 graduating class from international schools received over 400 offers from top global institutions. This includes 6 offers from the University of Oxford and 6 from the University of Cambridge. CEO Wanmei Li praised the performance as a testament to the company's brand strength and commitment to quality education, forecasting more offers in the ongoing admission cycle. As of November 30, 2020, Bright Scholar operated 94 schools in China and 8 internationally.

Bright Scholar Education Holdings Limited (NYSE: BEDU) reported its first fiscal quarter results for 2021, revealing a revenue decrease of 4.2% year-over-year to RMB 1,051.5 million. Gross profit also fell 6.5% to RMB 442.8 million, with a gross margin of 42.1%. Operating income decreased 14.5%, net income was down 6.6%, and adjusted earnings per share (EPS) declined 7.5%. Despite challenges, the domestic K-12 segment grew by 10.9%, driven by increased student enrollment. The company revised its fiscal year guidance, expecting revenue growth between 7% and 10%.

Bright Scholar Education Holdings Limited (NYSE: BEDU) has filed its Annual Report on Form 20-F for the fiscal year ended August 31, 2020, with the U.S. SEC on December 23, 2020. This comprehensive report includes the Company’s audited financial statements, which can be accessed on the SEC's website and Bright Scholar's investor relations site. As of November 30, 2020, the Company operated 94 schools in China and eight overseas, focusing on providing quality international education alongside the Chinese government-mandated curriculum.

Bright Scholar Education Holdings Limited (NYSE: BEDU) announced plans to release its unaudited financial results for the first fiscal quarter, which ended on November 30, 2020, on January 20, 2021, after the US market closes. The conference call for discussion of these results is scheduled for January 21, 2021, at 8:00 AM US Eastern Time. Bright Scholar operates 81 schools in China and 8 overseas, serving a total of approximately 51,825 students as of August 31, 2020. The earnings press release will be available on the investor relations page.