Gelonghui, January 30 | Guohai Securities Research Report pointed out that maintaining the New Oriental-S (9901.HK) “buy” rating, the stock business is resilient and innovative business growth is strong. As a leading enterprise, leading the transformation of the entire industry, and the rapid restoration of profitability, the bank is optimistic about the transformation of the company's new business and restoration of traditional business performance. It is expected that the GAAP net profit will reach US$3.9/5.72.4 billion in FY2026-2026. The report cites the company's FY2024Q2 results, achieving revenue of US$870 million, yoy +36%, non-GAAP net profit of US$50 million, yoy +182.6%. Management expects FY2024Q3's total net revenue to be US$10.7 to 1.09 billion, yoy +42% to +45%. Judging from the historical revenue situation, Q2 is a low season for traditional businesses such as overseas travel and high school, while the FY2023Q3 base is small. The bank expects FY2024Q3's revenue to achieve the same and month-on-month growth; strong new business development will also drive revenue growth.