New Oriental lost $0.72 per share in the first quarter, with an estimated loss of $1.10.
New Oriental lost $0.72 per share in the first quarter, with an estimated loss of $1.10.
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Hong Kong shares of New Oriental online rose more than 45% and closed up nearly 40% last Friday; New Oriental rose more than 16%.
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Governmental policies remain a large external factor that affects educational firms like New Oriental. Nonetheless, those that can adapt quickly to changes and find new market opportunities are more likely to succeed.
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Consumer Discretionary
China’s Education Giant New Oriental Lost Around USD 900 Million After Crackdown
Since China banned the company from making a profit in the billion-dollar private education industry, on February 22, 2022, New Oriental reported a loss of USD 876 million for the six months to November 30, compared with a USD 229 million net profit over the same period of last year.
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· Consumer Discretionary
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· Consumer Discretionary
National Library: it has never received the resources of "New Oriental Excellent Courses" donated by any institution or individual
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