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20-F: FY2024 Annual Report

20-F: FY2024 Annual Report

20-F:2024財年年報
美股SEC公告 ·  09/25 18:42

牛牛AI助理已提取核心訊息

New Oriental, a leading provider of private educational services in China, reported a significant increase in total net revenues, rising by 43.9% from US$2,997.8 million in the fiscal year ended May 31, 2023, to US$4,313.6 million in the fiscal year ended May 31, 2024. This growth was attributed to the expansion in new educational business initiatives and the success of East Buy's private label products and livestreaming e-commerce platform. Net service revenues saw a 37.6% increase, while net product revenues surged by 79.4%. Operating costs and expenses also rose by 41.2%, in line with revenue growth and expansion efforts. The company's net income improved by 38.2%, reaching US$325.2 million. New Oriental's financial position remains strong with US$1,389.4 million in cash and cash equivalents as of...Show More
New Oriental, a leading provider of private educational services in China, reported a significant increase in total net revenues, rising by 43.9% from US$2,997.8 million in the fiscal year ended May 31, 2023, to US$4,313.6 million in the fiscal year ended May 31, 2024. This growth was attributed to the expansion in new educational business initiatives and the success of East Buy's private label products and livestreaming e-commerce platform. Net service revenues saw a 37.6% increase, while net product revenues surged by 79.4%. Operating costs and expenses also rose by 41.2%, in line with revenue growth and expansion efforts. The company's net income improved by 38.2%, reaching US$325.2 million. New Oriental's financial position remains strong with US$1,389.4 million in cash and cash equivalents as of May 31, 2024. The company's strategic shift following regulatory changes in China's education sector, including the cessation of K-9 Academic AST Services, has led to a focus on non-academic tutoring and other educational services. Looking ahead, New Oriental plans to continue investing in technology and systems to enhance the learning experience and operational efficiency.
新東方,中國領先的私人教育服務提供商,報告稱總淨收入大幅增長,從2023年5月31日結束的財政年度的2,997.8萬美元增至2024年5月31日結束的4,313.6億美元。這一增長歸因於新教育業務舉措的擴展以及東方甄選的私人品牌產品和直播電子商務平台的成功。服務淨收入增長了37.6%,而產品淨收入激增了79.4%。與收入增長和擴張努力一致,營業成本和費用也增長了41.2%。公司的淨利潤提高了38.2%,達到了3,252萬美元。截至2024年5月31日,新東方在現金及現金等價物方面財務狀況依然強勁,達到13,894億美元。公司在中國教育板塊監管變化後進行了戰略轉變,包括停止k-9 Academic ASt服務,重點轉向非學術輔導和其他教育服務。展望未來,新東方計劃繼續投資於科技和系統,以提升學習體驗和運營效率。
新東方,中國領先的私人教育服務提供商,報告稱總淨收入大幅增長,從2023年5月31日結束的財政年度的2,997.8萬美元增至2024年5月31日結束的4,313.6億美元。這一增長歸因於新教育業務舉措的擴展以及東方甄選的私人品牌產品和直播電子商務平台的成功。服務淨收入增長了37.6%,而產品淨收入激增了79.4%。與收入增長和擴張努力一致,營業成本和費用也增長了41.2%。公司的淨利潤提高了38.2%,達到了3,252萬美元。截至2024年5月31日,新東方在現金及現金等價物方面財務狀況依然強勁,達到13,894億美元。公司在中國教育板塊監管變化後進行了戰略轉變,包括停止k-9 Academic ASt服務,重點轉向非學術輔導和其他教育服務。展望未來,新東方計劃繼續投資於科技和系統,以提升學習體驗和運營效率。

譯文內容由第三人軟體翻譯。


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