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New Oriental Announces Results for the Third Fiscal Quarter Ended February 28 , 2021 Quarterly Net Revenues Increased by 29.0 % Year - Over - Year Quarterly Student Enrollments Increased by 43.0 % Year - Over - Year BEIJING , April 20 , 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 third fiscal quarter ended February 28 , 2021 , which is the third quarter of New Oriental's fiscal year 2021 . Financial Highlights for the Third Fiscal Quarter Ended February 28 , 2021 • Total net revenues increased by 29.0 % year - over - year to US $ 1,190.5 million for the third fiscal quarter of 2021 . • Operating income decreased by 13.5 % year - over - year to US $ 101.5 million for the third fiscal quarter of 2021 . • Net income attributable to New Oriental increased by 9.9 % year - over - year to US $ 151.3 million for the third fiscal quarter of 2021 . Key Financial Results ( 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 ( 5 ) Net income per ADS attributable to New Oriental - diluted ( 5 ) Non - GAAP net income per ADS attributable to New Oriental - basic ( 3 ) ( 4 ) ( 5 ) Non - GAAP net income per ADS attributable to New Oriental - diluted ( 3 ) ( 4 ) ( 5 ) ( 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 ( 5 ) Net income per ADS attributable to New Oriental - diluted ( 5 ) 3Q FY2021 3Q FY2020 % of change 1,190,498 923,221 29.0 % 101,470 117,253 -13.5 % 115,892 134,802 -14.0 % 151,326 137,715 9.9 % 163,236 148,502 9.9 % 0.09 0.09 3.1 % 0.09 0.09 3.4 % 0.10 0.09 3.1 % 0.10 0.09 3.4 % 9M FY2021 9M FY2020 % of change 3,064,553 2,780,209 10.2 % 219,628 388,748 -43.5 % 268,363 428,532 -37.4 % 379,880 400,142 -5.1 % 416,902 435,650 -4.3 % 0.23 0.25 -7.8 % 0.23 0.25 -7.5 % 0.26 0.28 -7.0 % 0.25 0.27 -6.7 % Non - GAAP net income per ADS attributable to New Oriental - basic ( 3 ) ( 4 ) ( 5 ) Non - GAAP net income per ADS attributable to New Oriental - diluted ( 3 ) ( 4 ) ( 5 ) ( 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 and net income per ADS attributable to New Oriental on a non - GAAP basis that excludes share - based compensation expenses and gain / ( 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 . ( 5 ) For the quarter and 9 months ended February 29 , 2020 , the weighted average number of shares and earnings per share have been retrospectively adjusted to reflect the 10 - for - 1 share split that became effective on March 10 , 2021 . 618207.01 - HKGSR01A - MSW