and Hello us you, on thank everyone you for Sisi. the Thank call. joining
who to financial our going this details take would gratitude still opportunity in supporting been Before like into to to I performance, and our of those believing have Oriental. extend New
were opportunity business shareholders. on the that business betterments we focus generating this development new students are that company the of fresh announce time on affected of for and a While returns round a introduced the by journey at and and – path strives I’m the quarters our profit to all journey in our to encourage glad a last society embarks largely for same now previous in the year, government policies as new paving
in our like would time talk performance to initiatives and quarter our new the across business I lines introducing spend to detail. to remaining you Now, about some
overseas recorded year-over-year the for business overseas remaining the a remarkable of for trends business business a revenue resilience shown the achieved XX% of university prep the the consulting down The in X% fiscal XXXX. terms students revenue in key test dollar increase about recorded XXXX. breaking fiscal recorded business the for promising study increase The year-over-year Our of have and XX% year fiscal approximately XXXX. and adults rapid year dollar growth terms year
initiatives, the I’m As that throughout development. several launched new the for these around quarter, which revolve momentum. our have have business positive with share mostly in mentioned to new you shown as initiatives new we students year, facilitating past around glad initiatives
we focused comprehensive have Firstly, rolled in students’ out innovative existing over tutoring the business, which cities and XX non-academic on cultivating ability. ability
see markets happy to increased penetration business. into. cities the we The China revenue have of have of top market this contributed in more both XX XX% than We’re tapped in
to greatly device and exercise improves a teaching curve data learning system teachers learning the only to tailored a the The and service new cultivates intelligence and learning the with service the education students’ students’ designed efficiency, at proactive our past for together initiative digital learning of system. also experience backend learning learning the Secondly, and but provide provide our experience, monitoring habits. is and business targeted accessing not students personalized students, content technology utilized
scope interest. and to students cultivate of and and broaden their ages We of the camp aims knowledge opportunity free that in XX new this are retention see top The fully the cities the K-XX of at and initiative have holidays in over time XX initiative. research is the Meanwhile, offering tour business of XX%. around initiative adoption cities this to rates customer subject scalability China tested is contribution and delighted – improved from the study to leverage the university of an revenue our and
well and we research in XX At technology innovation country. remote targeting tours smart of study kindergartens. the is digitalized same educational secondary over cities and China also increasingly the obtain revenue that been to learning governments, services prep students have study across cities business, the gaining advanced the age of from complete leveraging diplomas contributing course of over junior to have exam a local material have the learning company. designed been and camps the enable college have top as control The and this Educational self-learning education overall time, in for solution growth XX flexibility students launching We traction pace the is in and technology above system initiative XX%. and the contribution will hardware, over our teaching, degree. science to as smart business the mainstream authorities, bachelor’s primary mentioned with other smart which The schools education comprises and and where smart conducted becomes
learning our This a company’s system, importance and underscored last during fiscal schools have industry the was total XXX to phase policy. result, the of as to restructuring have significant as end During to we fiscal of investing of in which the fully quarter, our has government this number the we OMO change by And been complying reduced centers the consistent been in leading the year. with R&D. remain committed structure the committed one of
a cut got repeat I in so again. So yes, lot line, we
from okay, started the okay. I sorry. Okay, –
our going before in have to believe performance, who the supporting been those would to opportunity like this detail of into gratitude Oriental. New our and financial So to I extend take
new now and returns to business the that opportunities betterments at in we round business the for generating government paving affected company strives the announce society the encourage profit the quarters by and a embarks largely fresh policies development of were I’m journey time on a the year, innovative as for of our all focuses shareholders. While on same in our students last that introduced and to path previous are glad
you line remaining new introduce time our to spend quarter Now, I would our like business some and to initiatives this talk detail. about across to performance in
trends XXXX. The a resilience revenue promising overseas increase overseas fiscal prep the remarkable for the of recorded test consulting business adults year fiscal X% Our terms breaking a achieved dollar XXXX. revenue and study the in recorded business the year in the have business XX% increase XXXX. down for year-over-year key dollar remaining terms rapid students XX% the fiscal of growth and year-over-year business about for university The year recorded approximately of shown
all As year, these quarter, throughout for I’m with momentum. facilitating our past as development. new revolve to new shown share several around around new which you mentioned positive in have initiatives business initiatives, that we students have the glad initiatives launched mostly
focused students’ innovative which out cultivating ability rolled tutoring business, have existing comprehensive quality. in and Firstly, the non-academic we cities over XX on
revenue this see both into. we business. China in have to penetration than market of have of in XX happy We’re cities increased XX% more tapped markets The the top contributed
content This cultivates together with innovative our habits. greatly our Secondly, the learning service not utilized new experience, our education a to past technology intelligence teachers provide students’ of and at monitoring It’s efficiency, exercise only backend the and and teaching provide business system designed system. curve to proactive improves tailored service students a and device students. and the also for targeted but learning learning learning data digital learning personalized accessing experience students’ is learning
and are initiative. study in tour China and XX Meanwhile, that interest. university cultivate rates at of We XX fully and from and have revenue the over cities new opportunity improved and free the contribution tested K-XX students of is broaden the ages knowledge business holidays XX%. to scalability The time the adoption an aims leverage cities subject initiative of to the this is offering research customer to of camp their scope and delighted this the the around in see of retention top
conducted diplomas in XX%. over The we targeting have also education local smart education science contribution the and China have secondary been across in top is over authority, tour and technology have flexibility leveraging comprises At remote age XX over digitalized same study for smart the of enable material increasingly and the that above the smart cities a system to time, research camps primary growth learning of study from technology other revenue gaining solutions, and junior learning business, The students control to course as schools overall prep well which an this We and governments, college XX and smart degree. stream, bachelor’s Educational the as contributing obtain is in business and company. traction self-learning the been exam education the designed the cities country. of and complete advanced innovation have main to launching pace kindergartens. mentioned teaching, becomes will students with hardware, where services
during one migrating remain and structure centers have where by the as of flexibility which the between our this system, technology. a result, of a During during to in part total in have been required and policies. well the investing China the the been industry has The government COVID-XX The restructuring fiscal number schools certain to fiscal the complying the leading students instrumental of disruption. has we was consistent the committed strong minimize And we year. restructuring of as as offline process quarters, company’s the in importance significant changes the our underscored as R&D reduced fully phase with the outbreaks been to is last the OMO learning XXX in of end learning committed OMO of classes online to
new infrastructure for strengths kept leveraging efforts remaining across our customer the technology platform and business all developing and more to and continued the our diversified and to ages. business advanced education provide revamping We key in teaching education OMO our and service
situation space, OMO to have may been million the service year students latest our we have response to our flexibility with changes during in the maintain to quarter this in ensures the In $XX regulations to teaching the million to improve offer fiscal structural full in the pure and which pandemic. high China online in platform, We Koolearn. platform, quality in that education compliance industrial and invested and implementing evolving we continue $XXX and our
example broadening ZHEN base that by its direction an other FANG for that e-commerce its actively offerings new business. – potential to of and leveraging technology exploring is platform business DONG has the has existing initiative good the customer We’re XUAN, shown date products. been agriculture of selling One and core results its of promising and
such social December our live allows Koolearn the such tap of the to to younger medium. on through nation’s high which the The agriculture products short new platforms, audience this It post as to direction belong. agriculture generation, whilst a and books group producers, other the and of Koolearn end piloting believe XXXX attraction the base. Towards Douyin, optimistic Koolearn adoption way notable and live has streaming video streaming into After the they various in school has This enables broader user introduction e-commerce began with to quality XUAN as promote the also after customer the products bringing our their encouraging to which result we the direction. foreground DONG doubt impacts farmers, where platform to ZHEN children on and date the in year, heading policy of business. no last government FANG events
many inquiries We position. and have concerns over from received financial the investors company’s
rules of of repurchase the authorized program or extent cash and on May restructuring and and well term from we changes as in we $X.X for a The heritage, the Oriental’s opportunities regulations. position XXXX the million upon with the cash will to This The to continued made company’s to July the purchases process. XXXX, conditions, repurchase ADSs through As By totaled shares have purchase other ability company billion. with the market. directors in approximately and common from investments On depend a and value is July New common end company period more common of company sure timing authorizes our to throughout weathering create to XX, deposits factors. short-term whole and shareholders. quarter, of shares, reflected open shares are trading up strong the seek of our longstanding share prepared XX, its price to $XXX ADSs market during of XXXX. its this applicable in market Board maintain that cash XX, that the time-to-time the any equivalents, capable always as accordance And the
the call about with go Sisi you turn will key financials. a share please I ahead. over Now, to to Sisi,