Chart - you can draw at the chart
Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
New Oriental Education & Technology Group Inc.
Type
Public
Founded 1993
Headquarters No.6 Haidian Zhongjie, Haidian District, Beijing (100080)
Key people
Yu Minhong (CEO) (俞敏洪; also known as "Michael Yu")
Number of employees
over 17,700 (2016)
Website www.neworiental.org

New Oriental Education & Technology Group Inc. (Simplified Chinese 新东方教育科技集团, NYSE: EDU), more commonly New Oriental (Simplified Chinese 新东方), is a provider of private educational services in China. The headquarters of New Oriental is located in the Haidian district of Beijing. It is currently the largest comprehensive private educational company in China based on the number of program offerings, total student enrollments, and geographic presence. The business of New Oriental includes pre-school education, general courses for students of various age levels, online education, overseas study consulting, and textbook publishing. New Oriental was the first Chinese educational institution to enter the New York Stock Exchange in the United States, holding its IPO in 2006. As of 2016, New Oriental has built 67 short-time language educational schools, 20 book stores, 771 learning centers, and more than 5,000 third-party bookstores in 56 cities in China. New Oriental has had over 26.6 million student enrollments, including over 1.3 million enrollments in first quarter 2017. The company's market capitalization was approximately USD 6.2 billion.

In recent years, New Oriental's revenue is mostly driven by K-12 tutoring services for elementary school and middle-to high-school students. In addition, the company has been investing heavily in online education since 2015.

Beijing New Oriental School was established on November 16, 1993, by Yu Minhong, an English teacher at Peking University. He initially focused on the TOEFL and GRE exams but then expanded the company to provide services for various other exams and fields as well. The school is now one of the largest companies in China, and on September 7, 2006, New Oriental was listed on New York Stock Exchange.

As of 2016 there are 67 schools, learning centers, vocational training centers and offices all over Mainland China. The North America Department and United Kingdom Department are the company's main source of revenue, which focuses on preparing students for the TOEFL, SAT, ACT GRE, GMAT, IELTS and LSAT. The company also offers other services including preparing students for the National English Graduate Exam, Teenage English Courses, Pop English (Kindergarten and Primary School English), consultation on preparing for interviews, consultation on preparing admission letters, and training centers for culinary art.

Yu Minhong (b. October 15, 1962; also known as "Michael Yu") was appointed CEO and Chairman of the company, starting in 1993. He started his career at Peking University in 1985. He founded New Oriental in 1993 after he left Peking University. He is vice chairman of Beijing Young Entrepreneurs Association.

Louis Hsieh served as New Oriental's Chief Financial Officer from 2005 to 2015, and President from 2009 to 2016.

In 2001, the US Educational Testing Service sent a public letter to US universities, reminding them to pay special attention to Chinese students' GRE scores. In this letter, ETS hinted that New Oriental used their past exam questions in teaching without authorization.

In January, 2001, New Oriental was sued by the ETS for illegally copying, publishing, and selling its testing questions for examinations for non-English-speaking students since 1997. On September 27, 2003, the First Intermediate People's Court of Beijing made a ruling during the first trial, ordering the Chinese school to pay over 10 million yuan (about 1.2 million US dollars) to the ETS in compensation for the infringement.

The Higher People's Court of Beijing maintained that the Beijing-based New Oriental School (NOS) should pay compensation to the ETS, for the infringement of copy and trademark rights. However, the higher court reduced the sum of compensation by over 6 million yuan (about 722,000 US dollars) to 3,740,186.2 yuan (about 450,624 US dollars) plus 22,000 yuan (about 2,650 US dollars) for court charges.

Investment goal date:
Dividends reinvested
New Oriental Education & Technology Group Inc. EDU report Q1 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q3 2017
2018-04-21
--
--
Q2 2017
2018-01-15
--
--
Q1 2017
2017-10-24
0.0000
1.0000
Q4 2016
2017-07-25
0.4100
0.3500
Q3 2016
2017-04-24
0.4800
0.4300
Q2 2016
2017-01-17
0.0800
0.0700
Q1 2016
2016-10-25
0.9000
0.8900
Q4 2015
2016-07-20
0.2500
0.2700
Q3 2015
2016-04-19
0.3100
0.3100
Q2 2015
2016-01-19
0.0400
0.0400
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
ACADIAN ASSET MANAGEMENT LLC
2001536
BAILLIE GIFFORD & CO
8217804
BlackRock Fund Advisors
2107866
BlackRock Inc.
6286645
FIL Ltd
8464685
FMR LLC
7278457
Invesco Ltd.
2438952
Kylin Management LLC
2903500
OPPENHEIMER FUNDS INC
9328992
SCHRODER INVESTMENT MANAGEMENT GROUP
11145322
STATE STREET CORP
2120353
TIGER GLOBAL MANAGEMENT LLC
2431331
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC
2106533
WELLINGTON MANAGEMENT CO LLP
3694007
WELLS FARGO & CO/MN
2858757
Major Shareholders
Name Relationship
Total Shares
Holding stocks