Bright Scholar(BEDU)

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Bright Scholar(BEDU) - 2024 Q4 - Annual Report
2024-12-13 21:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR THE SECURITIES ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended August 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event r ...
Bright Scholar(BEDU) - 2024 Q4 - Earnings Call Transcript
2024-11-25 18:20
Financial Data and Key Metrics - The company's financial and operational results for Q4 and fiscal year 2024 were released and are available on the IR section of the website [3] - All financial numbers discussed are in RMB [6] Business Line Data and Key Metrics - No specific data or metrics related to individual business lines were provided in the content Market Data and Key Metrics - No specific data or metrics related to individual markets were provided in the content Company Strategy and Industry Competition - No specific details on company strategy or industry competition were provided in the content Management Commentary on Operating Environment and Future Outlook - The discussion includes forward-looking statements under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, indicating potential risks and uncertainties that could cause actual results to differ from current views [4] - The company does not assume any obligation to update forward-looking statements except as required by law [5] Other Important Information - The earnings press release and conference call include discussions of unaudited GAAP and non-GAAP financial measures, with a reconciliation provided in the earnings press release [6] Q&A Session - No Q&A session details were provided in the content
Bright Scholar Announces Unaudited Financial Results for the Fourth Quarter and Fiscal Year 2024
Prnewswire· 2024-11-25 10:34
Core Insights - Bright Scholar Education Holdings Limited reported a gross profit increase of 7.7% year-over-year for fiscal year 2024, with a gross margin growth of 2.3 percentage points [1][4]. - The company will hold a conference call to discuss these results on November 25, 2024, at 7:00 a.m. Eastern Time [1][38]. Fiscal Year 2024 Financial Highlights - Total revenue from continuing operations was RMB1,755.2 million, a slight decrease of 1.0% from RMB1,772.1 million in the previous fiscal year [4][21]. - Revenue from Overseas Schools reached RMB951.2 million, marking a 17.5% increase from RMB809.5 million in the last fiscal year [4][21]. - Gross profit from continuing operations was RMB503.6 million, up from RMB467.4 million, with a gross margin of 28.7% compared to 26.4% in the previous year [4][24]. - The company reported a loss from continuing operations of RMB869.1 million, compared to RMB358.9 million in the last fiscal year [4][29]. - Adjusted net income was RMB1.1 million, a significant improvement from an adjusted net loss of RMB192.6 million in the previous fiscal year [4][30]. Fourth Quarter Financial Highlights - Revenue from continuing operations for the fourth quarter was RMB358.3 million, down from RMB442.2 million in the same quarter last fiscal year [2][7]. - Revenue from Overseas Schools was RMB185.1 million, a slight increase of 0.2% from RMB184.8 million in the same quarter last year [2][7]. - The loss from continuing operations for the fourth quarter was RMB954.8 million, compared to RMB285.1 million for the same quarter last fiscal year [2][15]. - Adjusted net loss narrowed by 24.3% to RMB92.0 million from RMB121.4 million for the same quarter last fiscal year [2][16]. Revenue Breakdown by Segment - For the fourth quarter, revenue from Overseas Schools accounted for 51.7% of total revenue, while Complementary Education Services and Domestic Kindergartens & K12 Operation Services contributed 36.2% and 12.1%, respectively [3][8]. - In fiscal year 2024, Overseas Schools represented 54.2% of total revenue, with Complementary Education Services and Domestic Kindergartens & K12 Operation Services contributing 28.2% and 17.6%, respectively [5][6]. Management Commentary - The CEO highlighted the company's focus on strengthening its global business and operations, particularly in overseas markets, despite macroeconomic challenges [6]. - The CFO noted that the company improved operational efficiency and significantly enhanced its cash position, increasing cash and cash equivalents by 20% for the fiscal year [6].
Bright Scholar Schedules Unaudited Financial Results for the Fourth Quarter and Fiscal Year 2024 Ended August 31, 2024
Prnewswire· 2024-11-22 09:00
Core Viewpoint - Bright Scholar Education Holdings Limited will release its unaudited financial results for the fourth quarter and fiscal year 2024 on November 25, 2024, before the US market opens [1]. Group 1: Financial Results Announcement - The financial results will cover the period ended August 31, 2024 [1]. - An earnings conference call is scheduled for November 25, 2024, at 7:00 a.m. U.S. Eastern Time [2]. Group 2: Conference Call Details - Dial-in details for the earnings conference call include numbers for Mainland China, Hong Kong, the United States, and international participants [3]. - Participants are advised to connect at least 5 minutes before the scheduled start time [3]. Group 3: Replay Information - A replay of the conference call will be available until December 2, 2024, with specific telephone numbers provided for access [4]. Group 4: Company Overview - Bright Scholar is described as a global premier education service group, focusing on providing quality international education to students [4].
Bright Scholar(BEDU) - 2024 Q3 - Earnings Call Transcript
2024-08-03 02:38
Financial Data and Key Metrics Changes - Total revenues grew by 6% quarter-over-quarter, reaching 554 million RMB in the third fiscal quarter [6][14] - Gross margins improved by 317 basis points year-over-year and 560 basis points quarter-over-quarter, reaching 36.6% [13][15] - Adjusted net income was 48.5 million RMB compared to an adjusted net loss of 34.9 million RMB for the same quarter last fiscal year [17] Business Segment Data and Key Metrics Changes - Revenue from overseas schools increased by 19.4% year-over-year, contributing 264.9 million RMB, which accounted for 47.8% of total revenue [7][14] - Complementary education services revenue decreased by 18% year-over-year to 169.5 million RMB due to strategic divestments [10][14] - Domestic kindergartens and K-12 operations generated 119.6 million RMB, also showing a year-over-year decline [14] Market Data and Key Metrics Changes - Enrollment in overseas schools grew by 8% year-over-year, with over 900 students accepted for the September intake [8] - The utilization rate of overseas schools increased to 62% for the quarter, indicating improved operational efficiency [6] Company Strategy and Development Direction - The company is focusing on expanding its overseas school business while divesting non-core assets related to complementary education services [12] - A divestment strategy was implemented to streamline operations and enhance management efficiency [10] - The company aims to leverage its established global network to accelerate overseas revenue growth and create sustainable value [6][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the business amid a dynamic market environment [5][12] - The company is committed to optimizing its organizational structure and enhancing corporate governance to improve operational efficiency [10][11] - Future strategies include maintaining a healthy balance sheet while achieving organic growth and maximizing returns [17] Other Important Information - The company recorded a net loss of 90.3 million RMB due to a 133 million RMB impairment loss on goodwill, but excluding this, net income was 42.7 million RMB [16][17] - Cash and cash equivalents increased to 537.2 million RMB as of May 31, 2024, compared to 496.9 million RMB as of February 29, 2024 [17] Q&A Session Summary - There were no questions from participants during the Q&A session [19]
Bright Scholar Announces Unaudited Financial Results for the Third Quarter of Fiscal 2024
Prnewswire· 2024-08-02 10:00
Gross Profit Increased 5.0% YoY and Revenue Increased 6.2% QoQManagement to hold a conference call today at 8:00 a.m. Eastern TimeFOSHAN, China, Aug. 2, 2024 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE: BEDU), a global premier education service company, today announced its unaudited financial results for its fiscal 2024 third quarter ended May 31, 2024.THIRD QUARTER OF FISCAL 2024 FINANCIAL HIGHLIGHTSRevenue was RMB554.0 million, compared ...
Bright Scholar Schedules Unaudited Financial Results for the Third Quarter of Fiscal 2024 Ended May 31, 2024
Prnewswire· 2024-07-26 09:00
FOSHAN, China, July 26, 2024 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE: BEDU), a global premier education service company, today announced that it will release its unaudited financial results for the third quarter of fiscal 2024 ended May 31, 2024, on August 2, 2024, before the US market opens. The Company's management will host an earnings conference call at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing/Hong Kong Time) on August 2, 202 ...
Bright Scholar(BEDU) - 2024 Q2 - Earnings Call Transcript
2024-04-23 17:19
Bright Scholar Education Holdings Limited (NYSE:BEDU) Q2 2024 Earnings Conference Call April 19, 2024 9:00 AM ET Company Participants Ruolei Niu - Chief Executive Officer Cindy Hui Zhang - Chief Financial Officer Conference Call Participants Operator Hello, ladies and gentlemen. Thank you for standing by for Bright Scholar's Second Quarter of Fiscal 2024 Earnings Conference Call. At this time all participants will be in a listen-only mode. After the management's remarks, there will be a question-and-answer ...
Bright Scholar Schedules Unaudited Financial Results for the Second Quarter of Fiscal 2024 Ended February 29, 2024
Prnewswire· 2024-04-18 04:30
FOSHAN, China, April 18, 2024 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE: BEDU), a global premier education service company, today announced that it will release its unaudited financial results for the second quarter of fiscal 2024 ended February 29, 2024, on April 19, 2024, before the US market opens. The Company's management will host an earnings conference call at 9:00 a.m. U.S. Eastern Time (9:00 p.m. Beijing/Hong Kong Time) on April ...
Bright Scholar(BEDU) - 2024 Q2 - Quarterly Report
2024-02-06 16:00
Exhibit 99.1 Bright Scholar Announces Unaudited Financial Results for the First Fiscal Quarter of Fiscal 2024 FOSHAN, China, Feb. 5, 2024 /PRNewswire/—Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE: BEDU), a global premier education service company, today announced its unaudited financial results for the first fiscal quarter ended November 30, 2023. FINANCIAL PERFORMANCE HIGHLIGHTS First Fiscal Quarter Ended November 30, 2023 (in comparison to the same quart ...