Welcome to our dedicated page for New Oriental Ed & Technology G news (Ticker: EDU), a resource for investors and traders seeking the latest updates and insights on New Oriental Ed & Technology G stock.
New Oriental Education and Technology Group Inc. (NYSE: EDU; SEHK: 9901) is a provider of private educational services in China whose news flow is closely tied to its diverse education and e-commerce activities. Company announcements regularly describe a wide range of educational programs, services and products, including educational services and test preparation courses, private label products and livestreaming e-commerce, overseas study consulting services, and educational materials and distribution.
On this page, readers can follow news related to New Oriental’s quarterly and annual financial results, which are typically released through detailed earnings press releases and furnished to the SEC on Form 6-K. These updates discuss net revenues, operating income, net income attributable to New Oriental, non-GAAP financial measures, operating margins and cash flow, as well as operating highlights such as the performance of overseas test preparation, overseas study consulting, domestic test preparation for adults and university students, and new educational business initiatives.
New Oriental’s news also covers technology and product developments such as its OMO (online-merge-offline) teaching system, intelligent learning systems and devices, and the integration of AI technologies into its education ecosystem, including AI-powered Intelligent Learning Devices and AI-driven Smart Study Solutions. The company provides operating metrics on student enrollments in non-academic tutoring courses and active paid users of intelligent learning devices across dozens of cities in China.
In addition, investors can track capital allocation and governance updates, including the three-year shareholder return plan, ordinary cash dividends, share repurchase programs, notices of annual general meetings, and results of shareholder votes, as disclosed in press releases and related filings. For those following EDU, revisiting this news feed provides a consolidated view of New Oriental’s financial performance, operational trends, technology initiatives and shareholder-related announcements over time.
New Oriental Education & Technology Group Inc. (NYSE: EDU) will hold its annual general meeting on November 18, 2022, at 5:00 p.m. in Beijing. No proposals will be submitted for approval; the meeting will serve as a forum for shareholders to discuss company affairs with management. The record date for eligible shareholders is set for October 28, 2022. New Oriental has filed its annual report on Form 20-F, including audited financial statements for the fiscal year ended May 31, 2022, available on its website and the SEC's website.
New Oriental Education & Technology Group Inc. (NYSE: EDU) has been identified by the SEC as a Commission-Identified Issuer under the Holding Foreign Companies Accountable Act (HFCAA) due to the inability of PCAOB to inspect its auditor's working papers. This identification follows the company's filing of its annual report on Form 20-F for the fiscal year ending May 31, 2022. If identified for three consecutive years, the company's shares may face trading prohibitions in the U.S. The company continues to explore solutions to protect stakeholder interests while adhering to regulatory requirements.
New Oriental Education and Technology Group Inc. (NYSE: EDU) will release its financial results for the first quarter ending August 31, 2022, before U.S. markets open on October 26, 2022. The management team will hold an earnings conference call at 8 AM U.S. Eastern Time on the same day. Interested participants can register for the call via a provided link or join through a live webcast. New Oriental offers diverse educational services in China, including test preparation and online education.
New Oriental Education & Technology Group Inc. (NYSE: EDU) has filed its annual report on Form 20-F for the fiscal year ending May 31, 2022, with the SEC on September 29, 2022. The report includes audited consolidated financial statements and is accessible on their investor relations website. Additionally, the company has published its annual report for Hong Kong listing purposes, complying with HKEX regulations. Shareholders can request a hard copy of the report free of charge. The company continues to provide education services across China, expanding its offerings in various sectors.
New Oriental Education & Technology Group (NYSE: EDU) reported significant financial challenges for Q4 FY2022, with total net revenues declining by 56.8% year-over-year to US$524.0 million. The operating loss increased to US$105.6 million, while net loss attributable to the company soared to US$189.3 million. For FY2022, net revenues fell 27.4% to US$3.1 billion, leading to a net loss of US$1.2 billion. Despite restructuring efforts and a strong cash position of US$4.2 billion, the company anticipates continued revenue decline in Q1 FY2023.
Healthera, a health-tech platform based in Cambridge, secured investment from Serafund, a VC fund led by Bob Xiaoping Xu. The funding, structured as a convertible loan note, was oversubscribed with contributions from existing investors. This follows Healthera's previous Series A funding round and aims to enhance its tele-pharmacy platform, expand partnerships, and improve pharmacy operations. Healthera serves millions of patients through over 1500 UK pharmacies and partners with industry leaders like Superdrug and Alliance Healthcare.
New Oriental Education and Technology Group Inc. (NYSE: EDU) will report its financial results for the fourth quarter ended May 31, 2022, on July 27, 2022, before the U.S. market opens. An earnings conference call is scheduled for 8 AM U.S. Eastern Time, with registration required for participants. The press release outlines the company's services, which include test preparation and online education, emphasizing its position as a leading private education provider in China. Details for joining the call and accessing replays are also provided.
New Oriental Education (NYSE: EDU) reported a significant decline in its financial performance for Q3 FY2022, with net revenues dropping by 48.4% year-over-year to US$614.1 million. The operating loss reached US$141.2 million, contrasting with an operating income of US$101.5 million in the same quarter last year. Net loss attributable to New Oriental was US$122.4 million, compared to a net income of US$151.3 million in Q3 FY2021. Despite these challenges, significant growth in overseas test prep and adult education segments was noted, growing by 15% and 59% year-over-year respectively.
New Oriental Education and Technology Group Inc. (NYSE: EDU) announced it will release its third-quarter financial results for the period ending February 28, 2022, on April 26, 2022, before U.S. markets open. A conference call will be held at 8 AM ET on the same day, allowing participants to join via registration or through a live webcast. The earnings report is anticipated to provide insights into the company's performance amid ongoing market challenges in the education sector in China.
New Oriental Education & Technology Group Inc. (NYSE: EDU) announced a change in the ADS Ratio from 1:1 to 1:10, effective around April 8, 2022. This adjustment, akin to a one-for-ten reverse ADS split, requires ADS holders to exchange ten existing ADSs for one new ADS. No fractional ADSs will be issued; instead, any fractions will be sold, and proceeds distributed to ADS holders. The company expects a proportional increase in ADS trading price post-change, though no assurances are made. This change does not impact the underlying common shares.
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