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1 博 实 乐 Bright Scholar Bright Scholar Announces Unaudited Financial Results for the First Fiscal Quarter of FY2021 FOSHAN , China , January 20 , 2021 / 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 , 2020 . First Fiscal Quarter Ended November 30 , 2020 Financial Highlights ( in comparison to the same period of the last fiscal year ) : RMB in million Except EPS and % Revenue Gross Profit Gross Margin Operating Income Operating Margin Net Income Net Margin First Fiscal Quarter Ended November 30 , 2020 1,051.5 First Fiscal Quarter Ended November 30 , 2019 1,098.0 ΥΟΥ % Change ( 4.2 % ) 442.8 473.8 ( 6.5 % ) 42.1 % 43.1 % ( 1.0 % ) 228.4 267.2 ( 14.5 % ) 21.7 % 24.3 % ( 2.6 % ) 190.9 204.3 ( 6.6 % ) 18.2 % 18.6 % ( 0.4 % ) Adjusted Gross Profit ( 1 ) 450.0 484.8 ( 7.2 % ) Adjusted Gross Margin ( 1 ) 42.8 % 44.2 % ( 1.4 % ) Adjusted Operating Income ( 2 ) 236.3 288.3 ( 18.0 % ) Adjusted Operating Margin ( 2 ) 22.5 % 26.3 % ( 3.8 % ) Adjusted Net Income ( 3 ) 197.1 223.0 ( 11.6 % ) Adjusted Net Margin ( 3 ) 18.7 % 20.3 % ( 1.6 % ) Adjusted EBITDA ( 4 ) Adjusted EBITDA Margin ( 4 ) Basic and Diluted Earnings per Share Adjusted Basic and Diluted Earnings per share ( 5 ) 320.6 352.5 ( 9.0 % ) 30.5 % 32.1 % ( 1.6 % ) 1.56 1.61 1.59 ( 1.9 % ) 1.74 ( 7.5 % ) 1. Adjusted gross profit / ( loss ) is defined as gross profit / ( loss ) excluding amortization of intangible assets . Adjusted gross margin is defined as adjusted gross profit / ( loss ) divided by revenue . 2. Adjusted operating income / ( loss ) is defined as operating income / ( loss ) excluding share - based compensation expense and amortization of intangible assets . Adjusted operating margin is defined as adjusted operating income / ( loss ) divided by revenue . 3. Adjusted net income / ( loss ) is defined as net income / ( loss ) excluding share - based compensation expense , amortization of intangible assets and tax effect of amortization of intangible assets . Adjusted net margin is defined as adjusted net income / ( loss ) divided by revenue . 4. Adjusted EBITDA is defined as net income / ( loss ) excluding interest income / ( expense ) , net ; income tax expense / benefit ; depreciation and amortization and share - based compensation expense . Adjusted EBITDA margin is defined as adjusted EBITDA divided by revenue . 5. Adjusted basic and diluted earnings / ( loss ) per share is defined as adjusted net income / ( loss ) attributable to ordinary shareholders ( net income / ( loss ) attributable to ordinary shareholders excluding share- based compensation expense , amortization of intangible assets and tax effect of amortization of intangible assets ) divided by the weighted average number of basic and diluted ordinary shares or American depositary shares ( each an " ADS " ) , each representing one Class A ordinary share of the Company , on an as - converted basis . For more information on these adjusted financial measures , please see the section captioned under " Non - GAAP Financial Measures " and the tables captioned " Reconciliations of GAAP and Non - GAAP Results " set forth at the end of this release . BUSINESS PERFORMANCE HIGHLIGHTS ( in comparison to the same period of the last fiscal year ) Domestic K - 12 Schools The domestic K - 12 schools business comprises our international schools , bilingual schools and kindergartens in China . • • The average number of students increased by 11.7 % to 54,318 Revenue increased by 10.9 % to RMB742.4 million and accounted for 70.6 % of the total revenue Gross margin increased to 48.8 % from 48.5 % , and operating margin increased to 38.2 % from 37.4 %