The recent interim financial reports of the 2025 fiscal year 2025, the two major education and training giants, provided an important reference for observing the development of China's education and training industry. The two companies show different characteristics in terms of revenue growth, profitability and development strategies, reflecting the industry's gradual recovery after the "double reduction" policy and the different plans of enterprises for future development. This article will compare and analyze the financial report data of the two companies and explore their future development directions.
Recently, the two giants in the education and training industry - Future Future and New Oriental have successively released interim financial reports for the 2025 fiscal year, demonstrating their respective market performance and development strategies. These two financial reports are not only a reflection of the company's own operating conditions, but also an important weather vane for the future direction of the industry.
Futures' net revenue in the third quarter of fiscal year 2025 reached US$606.4 million, an increase of 62.4% from US$373.5 million in the same period last year. The company's gross profit increased by 59.6% year-on-year to US$319.8 million, and successfully turned losses into profits, achieving a net profit attributable to the company of US$23.069 million. Its financial situation is also very stable, with a total cash and short-term investment of up to US$3.8358 billion.
In contrast, New Oriental's net revenue in the second quarter of fiscal year 2025 was US$1.039 billion, a year-on-year increase of 19.4%. Among them, the net revenue of the core education business was US$894 million, a year-on-year increase of 31.3%. New Oriental's traditional core business continues to grow in the fields of overseas exam preparation and consulting, and has shown strong development momentum in emerging businesses, especially cultural and tourism business.
By comparing the performance of the two companies, it is not difficult to find that Future Education is far ahead in terms of revenue growth, but New Oriental still has more advantages in the revenue scale in a single quarter. New Oriental's diversification strategy is particularly obvious. It not only continues to expand in the field of education, but also actively deploys cultural tourism and e-commerce businesses, forming a good income structure.
In terms of future outlook, Future Future will continue to focus on educational technology and launch AI-based learning devices and applications, striving to improve personalized learning experience. New Oriental plans to further expand its market share in non-discipline tutoring, intelligent learning systems and other new businesses, striving to find a balance between revenue and profit.
As the education industry gradually emerges from the shadow brought by the "double reduction" policy, market demand is recovering. The overall education market is expected to exceed 500 billion yuan in 2024, and the market size of the education and training industry reaches 200 billion yuan. The digital transformation and online education model brought about by technological progress have also brought new opportunities for future education and training.
In short, Future Future and New Oriental have shown different development paths in the post-"double reduction" era, reflecting the trend of diversified and technological development in the education industry. In the future, whoever can better adapt to market changes and seize the new opportunities brought by technology will gain an advantage in the competition.