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New Oriental Announces FY2021 Second Quarter and Interim Financial Results ( Ended November 30 , 2020 ) Quarterly Net Revenues Increased by 13.1 % Year - Over - Year Quarterly Student Enrollments Increased by 10.4 % Year - Over - Year BEIJING , Jan 22 , 2021 / PRNewswire / -- - New Oriental Education & Technology Group Inc. ( the " Company " or " New Oriental " ) ( NYSE : EDU and SEHK : 9901 ) , the largest provider of private educational services in China , today announced its unaudited financial results for the second fiscal quarter ended November 30 , 2020 , which is the second quarter of New Oriental's fiscal year 2021 . Financial Highlights for the Second Fiscal Quarter Ended November 30 , 2020 • Total net revenues increased by 13.1 % year - over - year to US $ 887.7 million for the second fiscal quarter of 2021 . • Operating loss was US $ 32.1 million for the second fiscal quarter of 2021 , compared to an income of US $ 25.3 million in the same period of the prior fiscal year . • Net income attributable to New Oriental was US $ 53.9 million , represented an increase of 0.9 % in the same period of the prior fiscal year . Key Financial Results ( in thousands US $ , except per ADS ( 1 ) data ) Net revenues Operating ( loss ) / income Non - GAAP operating ( loss ) / income ( 2 ) ( 3 ) Net income attributable to New Oriental Non - GAAP net income attributable to New Oriental ( 2 ) ( 3 ) Net income per ADS attributable to New Oriental - basic Net income per ADS attributable to New Oriental - diluted Non - GAAP net income per ADS attributable to New Oriental - basic ( 3 ) ( 4 ) Non - GAAP net income per ADS attributable to New Oriental - diluted ( 3 ) ( 4 ) ( in thousands US $ , except per ADS ( 1 ) data ) Net revenues Operating income Non - GAAP operating income ( 2 ) ( 3 ) Net income attributable to New Oriental Non - GAAP net income attributable to New Oriental ( 2 ) ( 3 ) Net income per ADS attributable to New Oriental - basic Net income per ADS attributable to New Oriental - diluted 2Q FY2021 887,689 2Q FY2020 785,211 % of change 13.1 % ( 32,147 ) 25,299 ( 13,667 ) 36,514 53,902 53,437 0.9 % 69,140 56,987 21.3 % 0.33 0.34 -0.9 % 0.33 0.34 -0.7 % 0.43 0.36 19.1 % 0.43 0.36 19.4 % 1H FY2021 1H FY2020 % of change 1,874,055 1,856,988 0.9 % 118,158 271,495 -56.5 % 152,471 293,730 -48.1 % 228,554 262,427 -12.9 % 253,666 287,149 -11.7 % 1.43 1.66 -13.9 % 1.42 1.65 -13.6 % 1.58 1.81 -12.6 % 1.58 1.80 -12.4 % Non - GAAP net income per ADS attributable to New Oriental - basic ( 3 ) ( 4 ) Non - GAAP net income per ADS attributable to New Oriental - diluted ( 3 ) ( 4 ) ( 1 ) Each ADS represents one common share . The Hong Kong - listed shares are fully fungible with the ADSS listed on NYSE . ( 2 ) GAAP represents Generally Accepted Accounting Principles in the United States of America . ( 3 ) New Oriental provides net income attributable to New Oriental , operating income / ( loss ) and net income per ADS attributable to New Oriental on a non - GAAP basis that excludes share - based compensation expenses and loss from fair value change of long - term investments to provide supplemental information regarding its operating performance . For more information on these non - GAAP financial measures , please see the section captioned " About Non - GAAP Financial Measures " and the tables captioned " Reconciliations of Non - GAAP Measures to the Most Comparable GAAP Measures " set forth at the end of this release . ( 4 ) The Non - GAAP net income per ADS attributable to New Oriental is computed using Non - GAAP net income attributable to New Oriental and the same number of shares and ADSs used in GAAP basic and diluted EPS calculation . 608193.01 - HKGSR01A - MSW