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BEDU InvestorRoom Third Fiscal Quarter Ended May 31 , 2021 1,053.8 418.2 39.7 % 212.7 20.2 % 163.9 15.6 % Bright Scholar Announces Unaudited Financial Results for the Third Fiscal Quarter of FY2021 FOSHAN , China , July 21 , 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 third fiscal quarter ended May 31 , 2021 . Third Fiscal Quarter Ended May 31 , 2021 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 Third Fiscal Quarter Ended May 31 , 2020 YOY % Change 739.4 42.5 % 292.0 43.2 % 39.5 % 0.2 % 136.2 56.2 % 18.4 % 1.8 % 68.0 141.0 % 9.2 % 6.4 % Adjusted Gross Profit ( 1 ) 426.0 302.9 40.7 % Adjusted Gross Margin ( 1 ) 40.4 % 41.0 % ( 0.6 % ) Adjusted Operating Income ( 2 ) 221.2 114.7 92.8 % Adjusted Operating Margin ( 2 ) 21.0 % 15.5 % 5.5 % Adjusted Net Income ( 3 ) 170.6 44.3 285.5 % Adjusted Net Margin ( 3 ) Adjusted EBITDA ( 4 ) Adjusted EBITDA Margin ( 4 ) 16.2 % 6.0 % 10.2 % 319.3 164.5 94.1 % 30.3 % 22.2 % 8.1 % Basic and Diluted Earnings per Share 1.43 0.64 123.4 % Adjusted Basic and Diluted Earnings per Share ( 5 ) 1.49 0.44 238.6 % Nine Months Ended May 31 , 2021 Financial Highlights ( in comparison to the same period of the last fiscal year ) : RMB in million Except EPS and % Nine Months Ended May 31 , 2021 Nine Months ΥΟΥ Ended May 31 , 2020 % Change Revenue Gross Profit Gross Margin Operating Income Operating Margin Net Income Net Margin Adjusted Gross Profit ( 1 ) 2,914.4 2,714.4 7.4 % 1,025.1 1,072.3 ( 4.4 % ) 35.2 % 39.5 % ( 4.3 % ) 400.8 479.6 ( 16.4 % ) 13.8 % 17.7 % ( 3.9 % ) 312.4 312.8 ( 0.1 % ) 10.7 % 11.5 % ( 0.8 % ) 1,047.5 1,105.2 ( 5.2 % ) Adjusted Gross Margin ( 1 ) 35.9 % 40.7 % ( 4.8 % ) Adjusted Operating Income ( 2 ) 425.3 500.5 ( 15.0 % ) Adjusted Operating Margin ( 2 ) 14.6 % 18.4 % ( 3.8 % ) Adjusted Net Income ( 3 ) 331.8 326.7 1.6 % Adjusted Net Margin ( 3 ) Adjusted EBITDA ( 4 ) 11.4 % 12.0 % ( 0.6 % ) 688.2 669.4 2.8 % Adjusted EBITDA Margin ( 4 ) 23.6 % 24.7 % ( 1.1 % ) Basic and Diluted Earnings per Share Adjusted Basic and Diluted Earnings per Share ( 5 ) 2.61 2.78 2.62 2.73 ( 0.4 % ) 1.8 % 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 school business comprises our international schools , bilingual schools and kindergartens in China . • The average number of students increased by 16.9 % to 57,188 for the third fiscal quarter and 13.7 % to 55,376 for the nine - month period . • For the third fiscal quarter , revenue increased by 72.5 % to RMB750.0 million and accounted for 71.2 % of the total revenue . For the nine - month period , revenue increased by 28.4 % to RMB1,993.5 million and accounted for 68.4 % of the total revenue . ⚫ For the third fiscal quarter , gross margin increased to 47.8 % from 43.1 % , and operating margin increased to 37.0 % from 27.0 % . For the nine - month period , gross margin was 41.8 % compared to 42.3 % , and operating margin increased to 28.9 % from 28.8 % . Complementary Education Services