Bright Scholar Education Holdings Limited, an education service provider, operates and provides K-12 schools and complementary education services in China and internationally. Its schools comprise international and bilingual schools, and kindergartens. The company also offers a range of complementary education services, including international camps and after-school programs, as well as international education consulting services. As of August 31, 2020, it operated 94 schools across 12 provinces in China, as well as 8 schools internationally with a total student capacity of 75,311 students. Bright Scholar Education Holdings Limited was founded in 1994 and is based in Foshan, China.
IPO Year: 2017
Exchange: NYSE
Website: brightscholar.com
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Gross Profit Increased 5.0% YoY and Revenue Increased 6.2% QoQ Management to hold a conference call today at 8:00 a.m. Eastern Time FOSHAN, China, Aug. 2, 2024 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE:BEDU), a global premier education service company, today announced its unaudited financial results for its fiscal 2024 third quarter ended May 31, 2024. THIRD QUARTER OF FISCAL 2024 FINANCIAL HIGHLIGHTS Revenue was RMB554.0 million, compared to RMB586.4 million for the same quarter last fiscal year, representing a quarter-over-quarter increase of 6.2%.Revenue from Overseas Schools was RMB264.9 million, representing an incr
FOSHAN, China, July 26, 2024 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE:BEDU), a global premier education service company, today announced that it will release its unaudited financial results for the third quarter of fiscal 2024 ended May 31, 2024, on August 2, 2024, before the US market opens. The Company's management will host an earnings conference call at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing/Hong Kong Time) on August 2, 2024. Dial-in details for the earnings conference call are as follows: Mainland China: 4001-201203 Hong Kong: 800-905945 United States:
Gross Profit Increased 40.2% YoY and Net Income Reached RMB2.9 million Management to hold a conference call today at 9:00 a.m. Eastern Time FOSHAN, China, April 19, 2024 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE:BEDU), a global premier education service company, today announced its unaudited financial results for its fiscal 2024 second quarter ended February 29, 2024. SECOND QUARTER OF FISCAL 2024 FINANCIAL HIGHLIGHTS Revenue was RMB521.4 million, an increase of 17.2% from the same quarter last fiscal year.Gross profit was RMB161.7 million, an increase of 40.2% from the same quarter last fiscal year. Gross margin increas
FOSHAN, China, April 18, 2024 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE: BEDU), a global premier education service company, today announced that it will release its unaudited financial results for the second quarter of fiscal 2024 ended February 29, 2024, on April 19, 2024, before the US market opens. The Company's management will host an earnings conference call at 9:00 a.m. U.S. Eastern Time (9:00 p.m. Beijing/Hong Kong Time) on April 19, 2024. Dial-in details for the earnings conference call are as follows: Mainland China: 4001-201203Hong Kong: 800-905945United States:
FOSHAN, China, Feb. 5, 2024 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE:BEDU), a global premier education service company, today announced its unaudited financial results for the first fiscal quarter ended November 30, 2023. FINANCIAL PERFORMANCE HIGHLIGHTS First Fiscal Quarter Ended November 30, 2023 (in comparison to the same quarter of the last fiscal year): RMB in million Except EPS and % First Fiscal Quarter Ended November 30, 2023 First Fiscal Quarter Ended November 30, 2022 YoY % Change Revenue 572.7 532.5 7.6 % Gross Profit 203.4 179.8 13.1 % Gross Margin 35.5 % 33.8 % 1.7 % Operating Income 74.5 64.9 14.8 % Oper
FOSHAN, China, Jan. 30, 2024 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE:BEDU), a global premier education service company, today announced that it will release its unaudited financial results for the first fiscal quarter of fiscal 2024 ended November 30, 2023, on February 5, 2024, after the US market closes. The earnings press release will be available on the investor relations page at http://ir.brightscholar.com. Conference Call BEDU's management will host a conference call at 8:00 am US Eastern Time (9:00 pm Beijing/Hong Kong Time) on February 6, 2024, to discuss its quarterly results and recent business activities. To
FOSHAN, China, Jan. 18, 2024 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE:BEDU), a global premier education service company, today announced changes in its management. The Company received a letter of resignation dated January 3rd, 2024 from Mr. Hongru Zhou, notifying the Company of his resignation as the chief executive officer of the Company for personal reasons not resulting from any disagreement with the Company, its management, board of directors (the "Board") or any committee of the Board, on any matter relating to the Company's operations, policies or practice. The Board has accepted Mr. Zhou's resignation on January 18, 2024, ef
FOSHAN, China, Jan. 2, 2024 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE:BEDU), a global premier education service company, today announced that it had filed its annual report on Form 20-F (the "Annual Report") for the fiscal year ended August 31, 2023 with the U.S. Securities and Exchange Commission (the "SEC") on January 2, 2024. The annual report on Form 20-F, which contains the Company's audited financial statements, can be accessed on the SEC's website at http://www.sec.gov as well as via the Company's investor relations website at http://ir.brightscholar.com. Hard copies of the annual report are available, free of charge, to shareh
FOSHAN, China, Dec. 20, 2023 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE:BEDU), a global premier education service company, today announced that it held its 2024 annual general meeting of shareholders on December 19, 2023. At the meeting, the shareholders resolved by ordinary resolutions to ratify the appointment of (1) Deloitte Touche Tohmatsu Certified Public Accountants LLP as the independent registered public accounting firm of the Company for the fiscal year ended August 31, 2023, (2) Mr. Hongru Zhou as a director and chairman of the board of directors of the Company (the "Board") and a member of the nominating and corporate govern
FOSHAN, China, Nov. 27, 2023 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE:BEDU), a global premier education service company, today announced its unaudited financial results for the fourth fiscal quarter and fiscal year ended August 31, 2023. FINANCIAL PERFORMANCE HIGHLIGHTS Fourth Fiscal Quarter Ended August 31, 2023 Financial Highlights (in comparison to the same period of the last fiscal year): RMB in millions Except EPS and % Fourth Fiscal Quarter Ended August 31, 2023 Fourth Fiscal Quarter Ended August 31, 2022 YoY % Change Revenue 559.8 402.9 38.9 % Gross Profit 109.1 82.3 32.5 % Gross Margin 19.5 % 20.4 % (0.9 %)
Morgan Stanley downgraded Bright Scholar Education from Equal-Weight to Underweight and set a new price target of $2.70
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Gross Profit Increased 5.0% YoY and Revenue Increased 6.2% QoQ Management to hold a conference call today at 8:00 a.m. Eastern Time FOSHAN, China, Aug. 2, 2024 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE:BEDU), a global premier education service company, today announced its unaudited financial results for its fiscal 2024 third quarter ended May 31, 2024. THIRD QUARTER OF FISCAL 2024 FINANCIAL HIGHLIGHTS Revenue was RMB554.0 million, compared to RMB586.4 million for the same quarter last fiscal year, representing a quarter-over-quarter increase of 6.2%.Revenue from Overseas Schools was RMB264.9 million, representing an incr
FOSHAN, China, July 26, 2024 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE:BEDU), a global premier education service company, today announced that it will release its unaudited financial results for the third quarter of fiscal 2024 ended May 31, 2024, on August 2, 2024, before the US market opens. The Company's management will host an earnings conference call at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing/Hong Kong Time) on August 2, 2024. Dial-in details for the earnings conference call are as follows: Mainland China: 4001-201203 Hong Kong: 800-905945 United States:
Gross Profit Increased 40.2% YoY and Net Income Reached RMB2.9 million Management to hold a conference call today at 9:00 a.m. Eastern Time FOSHAN, China, April 19, 2024 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE:BEDU), a global premier education service company, today announced its unaudited financial results for its fiscal 2024 second quarter ended February 29, 2024. SECOND QUARTER OF FISCAL 2024 FINANCIAL HIGHLIGHTS Revenue was RMB521.4 million, an increase of 17.2% from the same quarter last fiscal year.Gross profit was RMB161.7 million, an increase of 40.2% from the same quarter last fiscal year. Gross margin increas
FOSHAN, China, April 18, 2024 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE: BEDU), a global premier education service company, today announced that it will release its unaudited financial results for the second quarter of fiscal 2024 ended February 29, 2024, on April 19, 2024, before the US market opens. The Company's management will host an earnings conference call at 9:00 a.m. U.S. Eastern Time (9:00 p.m. Beijing/Hong Kong Time) on April 19, 2024. Dial-in details for the earnings conference call are as follows: Mainland China: 4001-201203Hong Kong: 800-905945United States:
FOSHAN, China, Feb. 5, 2024 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE:BEDU), a global premier education service company, today announced its unaudited financial results for the first fiscal quarter ended November 30, 2023. FINANCIAL PERFORMANCE HIGHLIGHTS First Fiscal Quarter Ended November 30, 2023 (in comparison to the same quarter of the last fiscal year): RMB in million Except EPS and % First Fiscal Quarter Ended November 30, 2023 First Fiscal Quarter Ended November 30, 2022 YoY % Change Revenue 572.7 532.5 7.6 % Gross Profit 203.4 179.8 13.1 % Gross Margin 35.5 % 33.8 % 1.7 % Operating Income 74.5 64.9 14.8 % Oper
FOSHAN, China, Jan. 30, 2024 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE:BEDU), a global premier education service company, today announced that it will release its unaudited financial results for the first fiscal quarter of fiscal 2024 ended November 30, 2023, on February 5, 2024, after the US market closes. The earnings press release will be available on the investor relations page at http://ir.brightscholar.com. Conference Call BEDU's management will host a conference call at 8:00 am US Eastern Time (9:00 pm Beijing/Hong Kong Time) on February 6, 2024, to discuss its quarterly results and recent business activities. To
Will (Changjie) Gao, the Partner of DreambigCareer (DBC), is an honoree on Forbes China's 2021 Top 60 Outstanding Chinese in North America, an award released this September. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220104005886/en/DreambigCareer's Partner Will Gao Named in Forbes China's "2021 Top 60 Chinese in North America" List (Photo: Business Wire) "Over the years, millions of Chinese students received offers from the top U.S. schools with the help of Chinese study-abroad agencies. However, what I've been seeing is that lots of US-educated Chinese grads can't land a job in the U.S. Even if they decide to go back to Chi
FOSHAN, China, Dec. 21, 2021 /PRNewswire/—Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE:BEDU), a global premier education service company, today announced its unaudited financial results for the fourth fiscal quarter and fiscal year ended August 31, 2021. IMPACT OF IMPLEMENTATION RULES FOR PRIVATE EDUCATION LAWS Implementation Rules: On April 7, 2021, the State Council of the People's Republic of China promulgated the amended Implementation Regulations of the Law on the Promotion of Private Education of the People's Republic of China (the "Implementation Rules"), which became effective on September 1, 2021. The Implementation Rules prohibi
FOSHAN, China, Dec. 8, 2021 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE:BEDU), a global premier education service company, today announced that it will release its unaudited financial results for the fourth fiscal quarter and fiscal year ended August 31, 2021, on December 21, 2021, after the US market closes. The earnings press release will be available on the investor relations page at http://ir.brightscholar.com. Conference Call BEDU's management will host a conference call at 8:00 am US Eastern Time (9:00 pm Beijing/Hong Kong Time) on December 22, 2021, to discuss its quarterly results and recent business activities. To
FOSHAN, China, Nov. 4, 2021 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company" or "its") (NYSE:BEDU), a global premier education service company, announced today that it will delay its earnings release for the fiscal quarter ended August 31, 2021 and the conference call. The Company will announce a rescheduled date in December 2021. The newly promulgated Implementation Regulations (the "Implementation Rules") of the Law on the Promotion of Private Education of the People's Republic of China (the "PRC"), which became effective on September 1, 2021, prohibit social organizations and individuals from controlling not-for-profit kindergartens and private s
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FOSHAN, China, Dec. 20, 2023 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE:BEDU), a global premier education service company, today announced that it held its 2024 annual general meeting of shareholders on December 19, 2023. At the meeting, the shareholders resolved by ordinary resolutions to ratify the appointment of (1) Deloitte Touche Tohmatsu Certified Public Accountants LLP as the independent registered public accounting firm of the Company for the fiscal year ended August 31, 2023, (2) Mr. Hongru Zhou as a director and chairman of the board of directors of the Company (the "Board") and a member of the nominating and corporate govern
FOSHAN, China, Feb. 22, 2023 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE:BEDU), a global premier education service company, today announced appointment of an independent director to the board of directors of the Company (the "Board") and changes in its management. The Company announced the appointment of Mr. Meng Rui as an independent director and the chairman of the audit committee of the Board. The Board has reviewed the independence of Mr. Meng Rui and determined that he satisfies the "independence" requirements of Section 303A of the Corporate Governance Rules of the New York Stock Exchange and the "independence" standards under Rul
FOSHAN, China, Nov. 29, 2022 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE:BEDU), a global premier education service company, today announced changes in its board of directors (the "Board"). Ms. Huiyan Yang ("Ms. Yang"), who had served as the chairperson of the Company since its inception, informed the Company that she intended to resign from the Board as its chairperson and a member of the nominating and corporate governance committee (the "Nominating Committee") and the compensation committee (the "Compensation Committee") of the Company for personal reasons. Ms. Yang's resignation did not result from any disagreement with the Company o
FOSHAN, China, Aug. 22, 2022 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE:BEDU), a global premier education service company, today announced that it held its 2022 annual general meeting of shareholders on August 22, 2022. At the meeting, the shareholders resolved by ordinary resolution to ratify the appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as the independent registered public accounting firm of the Company for the fiscal year ending August 31, 2022. About Bright Scholar Education Holdings Limited Bright Scholar is a global premier education service company, which primarily provides quality international ed
FOSHAN, China, Aug. 4, 2022 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE:BEDU), a global premier education service company, today announced its unaudited financial results for the third fiscal quarter of fiscal 2022 ended May 31, 2022. FINANCIAL PERFORMANCE HIGHLIGHTSThird Fiscal Quarter Ended May 31, 2022 Financial Highlights(in comparison to the same period of the last fiscal year): RMB in million Except EPS and % Third Fiscal Quarter Ended May 31, 2022 Third Fiscal Quarter Ended May 31, 2021 YoY % Change Revenue from continuing operations 437.5 362.4 20.7 % Gross Profit from continuing operations 135.4 52.4 158.2 % Gross
FOSHAN, China, July 21, 2022 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE:BEDU), a global premier education service company, today announced that the special committee (the "Special Committee") of the Company's board of directors (the "Board"), formed to evaluate and consider the previously announced preliminary non-binding acquisition proposal letter dated April 29, 2022 (the "Proposal") or any alternative strategic option that the Company may pursue, has retained Citigroup Global Markets Asia Limited as independent financial advisor to the Special Committee and Skadden, Arps, Slate, Meagher & Flom LLP as legal counsel to the Special Co
FOSHAN, China, July 18, 2022 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE:BEDU), a global premier education service company, today announced that it would hold its 2022 annual general meeting of shareholders at No.1, Country Garden Road, Beijiao Town, Shunde District, Foshan, Guangdong 528300, The People's Republic of China on August 22, 2022 at 10:00 a.m. (local time). The proposal to be submitted for shareholders' approval at the annual general meeting is the ratification of the appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as the independent registered public accounting firm of the Company for the fiscal yea
HOLLISTON, Mass., Sept. 8, 2021 /PRNewswire/ -- Biostage, Inc. (OTCQB:BSTG) ("Biostage" or the "Company"), a bioengineering company developing novel organ regeneration technology based its patented Cellframe™ and Cellspan™ technology, today announced the appointment of Jerry He as an independent director to its Board of Directors, adding strength in the areas of business innovation, strategy and finance. Mr. Jerry He is the Executive Vice Chairman of Bright Scholar Education Holdings Limited (NYSE listed: BEDU) and has been in that position since January 2019. Prior to the p
FOSHAN, China, July 28, 2021 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE:BEDU), a global premier education service company, today announced that it held its 2021 annual general meeting of shareholders on July 28, 2021. At the meeting, the shareholders resolved by ordinary resolution to ratify the appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as the independent registered public accounting firm of the Company for the fiscal year ending August 31, 2021. About Bright Scholar Education Holdings Limited Bright Scholar is a global premier education service company, dedicated to providing quality international educat
FOSHAN, China, June 16, 2021 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE:BEDU), a global premier education service company, today announced that it would hold its 2021 annual general meeting of shareholders at No.1, Country Garden Road, Beijiao Town, Shunde District, Foshan, Guangdong 528300, The People's Republic of China on July 28, 2021 at 10:00 a.m. (local time). The proposal to be submitted for shareholders' approval at the annual general meeting is the ratification of the appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as the independent registered public accounting firm of the Company for the fiscal year
As of February 29, 2024, the Company had cash and cash equivalents and restricted cash of RMB496.9 million (US$69.0 million), compared with RMB567.2 million as of August 31, 2023.
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Gainers Bright Scholar Education (NYSE:BEDU) shares moved upwards by 30.3% to $2.41 during Thursday's regular session. The market value of their outstanding shares is at $71.6 million. Volcon (NASDAQ:VLCN) stock increased by 29.75% to $1.57. The market value of their outstanding shares is at $1.8 million. Aterian (NASDAQ:ATER) shares increased by 20.23% to $0.47. The company's market cap stands at $42.3 million. Latham Group (NASDAQ:SWIM) shares increased by 19.34% to $3.27. The company's market cap stands at $375.2 million. Duolingo (NASDAQ:DUOL) stock rose 16.67% to $228.12. The market value of their outstanding shares is at $9.5 billion. As per the press release, Q4 earnings came out
Gainers Volcon (NASDAQ:VLCN) stock increased by 79.3% to $2.17 during Thursday's pre-market session. The company's market cap stands at $2.6 million. J-Long Group (NASDAQ:JL) stock rose 40.62% to $18.0. The company's market cap stands at $565.2 million. Bright Scholar Education (NYSE:BEDU) stock rose 21.62% to $2.25. The company's market cap stands at $66.8 million. Duolingo (NASDAQ:DUOL) shares increased by 20.4% to $235.4. The company's market cap stands at $9.8 billion. As per the press release, Q4 earnings came out yesterday. Secoo Holding (NASDAQ:SECO) shares rose 11.72% to $0.53. The company's market cap stands at $3.7 million. TCTM Kids IT Education (NASDAQ:TCTM) stock rose 9.74
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The Board has appointed Ruolei Niu as the chief executive officer of the Company, who previously served as the Company's chief financial officer, effective from January 18, 2024. The Board has also appointed Hui Zhang, who previously served as the financial director of the Company, as its chief financial officer, effective from the same date.