TAL Today Upgrade JP Morgan Neutral → Overweight $10 → $15

TAL Net revenues was US$411.9 million, compared to net revenues of US$294.1 million in the same period of the prior year. Income from operations was US$31.8 million, compared to income from operations of US$14.9 million in the same period of the prior year. Non-GAAP income from operations, which excluded share-based compensation expenses, was US$52.7 million, compared to non-GAAP income from operations of US$42.3 million in the same period of the prior year. Net income attributable to TAL was US$37.9 million, compared to net loss attributable to TAL of US$0.8 million in the same period of the prior year. Non-GAAP net income attributable to TAL, which excluded share-based compensation expenses, was US$58.8 million, compared to non-GAAP net income attributable to TAL of US$26.6 million in the same period of the prior year. Basic and diluted net income per American Depositary Share (“ADS”) were both US$0.06. Non-GAAP basic and diluted net income per ADS, which excluded share-based compensation expenses, were both US$0.10. Three ADSs represent one Class A common share. Cash, cash equivalents and short-term investments totaled US$2,963.5 million as of August 31, 2023, compared to US$3,171.5 million as of February 28, 2023.

TAL EDU отчитался Финансовые показатели за четвертый финансовый квартал, закончившийся 31 мая 2023 г. Общая чистая выручка увеличилась на 64,2% в годовом исчислении до 860,6 млн долларов США в четвертом финансовом квартале 2023 года. Операционная прибыль увеличилась на 145,5% в годовом исчислении до 48,1 млн долларов США в четвертом финансовом квартале 2023 года. Чистая прибыль, относящаяся к New Oriental, увеличилась на 115,3% в годовом исчислении до 29,0 млн долларов США в четвертом финансовом квартале 2023 года.