Sentiment Analysis of the earnings transcript to help figure out if there are any bullish or bearish sentiments that could be gathered from it. We're doing ML and AI based analysis on the earnings call to get some more insights.
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| Statement |
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| On demand side, we have seen the strong demand for the overseas test rep consulting business and for the college business |
| We're thrilled to see improved customer retention and scalability of this new business |
| And overall, I think benefiting from the post COVID the economy recovery, we have seen strong demand in education sector, especially in the overseas related business and non damaged children business |
| Many benefiting from the strong post-COVID recovery of demand conception and traveling, while our new business have begun making meaningful contributions to the company's revenue, thereby invigorates growth and margin expansion |
| Our bottom line performance has also achieved a promising growth |
| Our operating margin and non-GAAP operating margin reaching 18.6% and 22.3% respectively for this quarter, depicting a solid resilience across our business lines |
| Thanks to our ongoing efforts in brushing up on operational efficiency and cost control/ The delegated blend of our restructured business model, better utilized resources and streamlined cost structure have sharpened our capability to yield better than expected margins in this fiscal quarter |
| While classroom areas of some existing learning centers will be expanded in a few major cities, most of the new openings will be launched in the cities with better top line bottom line performance |
| Our key remaining business secured a promising trend coupled with a positive momentum in our new initiatives breaking down |
| Despite the historical seasonality of some new rentals major businesses which will usually result in a slower period for every second quarter, we remain confident in sustaining a healthy growth across all business lines |
| To conclude, we're confident in achieving satisfactory operating profit level and improving our profitability in the rest of fiscal year 2024 |
| We are confidence in this kind of user number increase improvement year over year |
| Building on the combination of our brand advantage, rooted history, influential teaching, content and resources, and solid foundation.0 We're also committed to work diligently adhering to the latest guidance from the Chinese authorities on enhancing the nation's education level to strengthen its leading position to further unveil our potential in all business lines and creative endeavors |
| Given the strong the demand of the growth momentum we have seen so far this year, we're quite confident that the whole year's revenue growth will be better than we originally expected |
| And by leveraging our brand, the advantage of new rental and the good content and resources and our long established solid foundations, I think we'll continue to see great opportunity and to take more market share in the future |
| The profit growth is faster than we expected two years ago |
| Our Intelligent learning devices, so we've seen that the active PEC users this quarter had a quite impressive growth, like double Q on Q |
| I'm pleased to share that these initiatives have continued to exceed our expectations by yielding consistent growth and meaningful profit to the company |
| But our top line growth is we beat the guidance every quarter and then we raise guidance of the whole year top line growth |
| So we are quite optimistic about the top line growth and the margin expansion for the existing business |
| So I think the existing business, including the overseas related business and the adult and college students business, I think we will generate the top line growth very good in the next two to three years |
| Our Study Tour and Research Camp Business an initiative that aims to offering students of K-12 and university ages the opportunity to utilize their free time to broaden the scope knowledge and cultivate subject interest has achieved encouraging growth in this summer |
| Thanks to the strong post COVID recovery of demand, resumed consumption and traveling |
| I think 245 million Op is the second best level on record, which is pretty amazing |
| And as I said, we will open a reasonable amount of new learning centers or new classroom areas in the top tier cities with the good performance of the top line and the bottom line and the top line and the bottom line |
| And I think we are optimistic on margin expansion and sustainable profitability in Q2 and in the rest of the whole year, I think the whole team will continue to work together to seek profitable growth in fiscal year '24 |
| As I said, the demand in education sector is very strong |
| It's our great pleasure to announce the New Oriental has painted an encouraging start of fiscal year 2024 by delivering a set of robust financial results this quarter, with top line performance beating the high end of our expectations |
| For money, and has attained instrumental breakthroughs with streams of new products roll out each month from groceries to daily necessities Easter Buys live streaming ecommerce has not only helped customers reap good bargains, but also helped farmers, producers and local enterprise sell their products through strategic marketing strategies |
| We started the business two years ago and the recovery of the remaining business, especially in the overseas related business, generated a higher margin in this quarter |
| Statement |
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| Thirdly, I think it also need to be noted that typically Q2 is our seasonally slow quarter for most our education business with the lower than euro revenue and profit |
| Secondly, the exchange rates negatively impact the revenue growth guidance by approximately 3 basis in point |
| And on supply side, after the COVID and the policy, we have seen a lot of players disappear from the market |
| If we look at the worldwide growth, there was a bit deceleration versus the August quarter |
| I do think that our stock is very cheap still, but I noticed that the buyback activity past three months has been pretty minimal |
| So that means we're facing less competition |
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