Financial PerformanceNew Oriental's non-GAAP net income grew by 59% YoY to US$98mn, ahead of Bloomberg consensus estimate, mainly thanks to the cost optimization initiatives across business lines.
Product InnovationThe company launched a new AI-powered intelligent learning device and an AI-driven smart study solution, which may further enhance learning outcomes while saving students’ and parents’ time.
Shareholder ReturnsThe company announced a new three-year shareholder return plan, under which it will distribute no less than 50% of net income for the preceding fiscal year to shareholders, through dividend and/or share repurchases.