新东方-S:收入增速放缓 降本增效盈利能力有望提升

国海证券
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事件:公司2025 年4 月23 日公告FY2025Q3 业绩,FY2025Q3 实现营业收入11.8 亿美元,yoy-2%,归母净利润0.9 亿美元,yoy+0.1%,Non-GAAP归母净利润1.1 亿美元,yoy-14.3%。投资要点:FY2025Q4 收入降速,利润率有望提升(1)收入端:公司FY2025Q3 实现营业收入11.8 亿美元,yoy-2%,其中教育业务(不含东方甄选)收入...

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