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Balance Sheet Cash Flow Statement No. 6 Hai Dian Zhong St., Haidian District Beijing 100080, China Tel. +86-10-6260-5566 Fax +86-10-6260-5511 |
Type: Public
On the web:
http://www.neworiental.org
Employees:
10,734
Employee growth: 46.0%
Who wants part of China's $72 billion education market? New Oriental Education & Technology Group, that's who. As China's largest provider of private education services (based on number of programs and enrollment), New Oriental offers a K-12 private boarding school, child and adult English classes, and Chinese and foreign university exam prep at more than 40 schools and 200 learning centers, mostly in eastern China. The company also distributes language and test prep books, software, CDs, and magazines, and works with Pearson Education, McGraw-Hill, and other publishers to re-purpose materials for Chinese use. It operates more than 20 bookstores and sells products in another 5,000 third-party bookstores.
Key numbers for fiscal year ending May, 2009:
Sales: $292.6M
One year growth: 45.6%
Net income: $61.0M
Income growth: 24.5%
Officers:
Chairman and CEO: Michael Minhong Yu
President, CFO, and Director: Louis T. Hsieh
Assistant VP and Director Business Development: Joseph Kauffman
Competitors:
Berlitz
Kaplan
Princeton Review
