Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens Wu Yanzu in South China for the delivery of clues! CTOnews.com August 27 news, yesterday New Oriental online released the 2022 fiscal year annual results announcement. During the 2022 fiscal year reporting period ending May 31, 2022, the revenue of New Oriental online continuing business was 600.5 million yuan, the revenue of discontinued business was 298 million yuan, and the loss of continuing business was 70.994 million yuan. The loss of the discontinued business for the year was 462.9 million yuan. Overall, the total revenue of New Oriental online in 2022 was 898.5 million yuan, down 36.7% from the same period last year; the net loss was 533.9 million yuan, narrowing 67.8% from the same period last year.

CTOnews.com learned that New Oriental online said in its announcement that since 2021, the company has begun to expand its business, including live e-commerce, smart learning products, STEAM education and vocational education. Among them, the total revenue of live e-commerce in fiscal year 2022 was 24.6 million yuan, the gross profit was 9.3 million yuan, and the gross profit margin was 37.8%.

Looking to the future, New Oriental online will continue to develop existing business and actively develop new business. New Oriental online said that live e-commerce business will be the main growth driver in the future.

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