Bright Scholar Education Holdngs Ltd-ADR (NYSE: BEDU) stock surged 28.23% on January 2nd, 2019 (Source: Google finance) after the company announced that it will release its unaudited financial results for the first fiscal quarter ended November 30, 2018 on January 17, 2019 after the US market closes. The stock has been in a bearish trend since late June 2018
Revenue for the fourth fiscal quarter was RMB389.7 million, representing a 41.5% increase from RMB275.5 million in the same period of the last fiscal year. Revenue of International Schools for the fourth quarter was RMB117.4 million, representing a 22.9% increase from RMB95.5 million. This accounts for 30.1% of total revenues as compared to 34.7% in the last fiscal year, primarily due to a 20.5% increase in the average number of students from 6,191 to 7,462, and a 2.0% increase in the average tuition and fees from RMB15,432 to RMB15,737 during the comparison periods. Revenue of Bilingual Schools for the quarter was RMB108.2 million, representing a 30.1% increase from RMB83.1 million, accounting for 27.8% of total revenues as compared to 30.2% in the same period of the last fiscal year. This was primarily due to a 19.1% increase in the average number of students from 13,246 to 15,782, and a 9.2% increase in the average tuition and fees from RMB6,276 to RMB6,854 during the comparison periods. Revenue of Kindergartens for the quarter was RMB90.1 million, representing a 35.8% increase from RMB66.4 million, accounting for 23.1% of total revenues as compared to 24.1% in the same period of the last fiscal year. This was primarily due to a 31.9% increase in the average number of students from 10,748 to 14,175, and a 2.9% increase in the average tuition and fees from RMB6,176 to RMB6,357 during the comparison periods. Revenue contribution from Xinqiao kindergartens was RMB8.8 million for the reporting quarter. Revenue of Complementary for the quarter was RMB74.0 million, representing a 143.0% increase from RMB30.5 million, accounting for 19.0% of total revenues as compared to 11.0% in the same period of the last fiscal year. The revenue of élan English learning centers has increased by 6.1% to RMB16.9 million. Can-Achieve, the international education consulting company, contributed an RMB26.2 million to our revenue for the fourth fiscal quarter ended August 31, 2018. Revenue from camps and study tour business was RMB10.4 million, increased 130.7% from the same fiscal quarter last year, and Foundation Global Education contributed RMB6.7 million for the quarter. Overall, the Adjusted net income for the quarter was RMB20.9 million, as compared to adjusted net loss of RMB3.7 million in the same period of the last fiscal year.