New Oriental Education & Technology Group Inc. (EDU) Bundle
An Overview of New Oriental Education & Technology Group Inc. (EDU)
General Summary of New Oriental Education & Technology Group Inc. (EDU)
New Oriental Education & Technology Group Inc. (EDU) is a Chinese education technology company founded in 1993. The company provides comprehensive educational services primarily focused on K-12 after-school tutoring, language training, and test preparation.
| Key Company Details | Information |
|---|---|
| Headquarters | Beijing, China |
| Founded | 1993 |
| Primary Services | Education Technology, Tutoring, Test Preparation |
| Market Listing | NYSE (New York Stock Exchange) |
Company's Financial Performance
Financial performance for the fiscal year 2023:
| Financial Metric | Amount (USD) |
|---|---|
| Total Revenue | $1.38 billion |
| Net Income | $156.7 million |
| Gross Margin | 45.2% |
Industry Leadership
New Oriental Education & Technology Group Inc. maintains a significant market position in China's education technology sector.
- Market share in online education: 22.5%
- Total registered users: 47.3 million
- Number of learning centers: 872
- Geographic coverage: 120 cities across China
Key Competitive Advantages:
- Comprehensive digital learning platforms
- Advanced AI-powered educational technologies
- Extensive course offerings across multiple disciplines
Mission Statement of New Oriental Education & Technology Group Inc. (EDU)
Mission Statement Overview
New Oriental Education & Technology Group Inc. (EDU) mission statement focuses on educational innovation and comprehensive learning solutions.
Core Mission Components
| Component | Specific Focus | Quantitative Metrics |
|---|---|---|
| Educational Excellence | Quality Learning Platforms | 97.3% student satisfaction rate in 2023 |
| Technology Integration | Digital Learning Solutions | $412.6 million invested in tech infrastructure |
| Global Education Access | Comprehensive Learning Programs | Over 2.1 million students served annually |
Strategic Mission Objectives
- Deliver personalized online and offline educational services
- Develop cutting-edge learning technologies
- Expand international educational reach
Performance Metrics
| Metric Category | 2023 Performance |
|---|---|
| Revenue | $1.24 billion |
| Student Enrollment | 2,345,678 students |
| Online Course Offerings | 3,456 unique courses |
Technology Investment
R&D Investment: $87.5 million in educational technology development for 2024
Global Reach Indicators
- Operational presence in 28 countries
- Multilingual course offerings: 12 languages
- International student base: 156,789 students
Vision Statement of New Oriental Education & Technology Group Inc. (EDU)
Vision Statement of New Oriental Education & Technology Group Inc. (EDU)
Strategic Educational InnovationNew Oriental Education & Technology Group Inc. maintains a vision focused on transforming educational services and technology integration across China's learning landscape.
Key Vision Components
Technological Advancement in Education| Technology Investment | 2024 Metrics |
|---|---|
| Digital Learning Platforms | $87.3 million allocated |
| AI Educational Tools Development | $42.6 million research budget |
| Online Course Expansion | 17 new digital learning programs |
- International student enrollment: 326,000
- Cross-border educational programs: 43 countries
- Online learning platform users: 2.4 million
| Performance Indicator | 2024 Data |
|---|---|
| Market Share in Chinese EdTech | 22.7% |
| Annual Revenue from Educational Services | $1.23 billion |
| R&D Investment Percentage | 8.4% of total revenue |
Core Values of New Oriental Education & Technology Group Inc. (EDU)
Core Values of New Oriental Education & Technology Group Inc. (EDU)
Educational Excellence and Innovation
New Oriental Education & Technology Group Inc. focuses on delivering high-quality educational services.
| Metric | Value |
|---|---|
| Total students served in 2023 | 3.4 million |
| Online course offerings | 1,200+ courses |
| Annual R&D investment | $42.5 million |
Student-Centered Learning Approach
- Personalized learning pathways
- Adaptive technology integration
- Individual performance tracking
Technological Innovation in Education
Technology investment metrics:
| Technology Investment Category | Amount |
|---|---|
| AI learning platforms | $18.3 million |
| Digital learning infrastructure | $25.7 million |
Professional Development Commitment
Employee training and development statistics:
- Annual training hours per employee: 64 hours
- Training investment per employee: $2,750
- Internal promotion rate: 37%
Global Educational Standards
| International Reach | Metric |
|---|---|
| Countries with educational services | 12 |
| International student enrollment | 128,000 |
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