29.8 C
Vientiane
Sunday, August 17, 2025
spot_img
Home Blog Page 682

TAL Education Group Announces Unaudited Financial Results for the Fourth Fiscal Quarter and the Fiscal Year 2025

BEIJING, April 24, 2025 /PRNewswire/ — TAL Education Group (NYSE: TAL) (“TAL” or the “Company”), a smart learning solutions provider in China, today announced its unaudited financial results for the fourth quarter and the fiscal year ended February 28, 2025.

Highlights for the Fourth Quarter of Fiscal Year 2025

  • Net revenues were US$610.2 million, compared to net revenues of US$429.6 million in the same period of the prior year.
  • Loss from operations was US$16.0 million, compared to loss from operations of US$11.1 million in the same period of the prior year.
  • Non-GAAP loss from operations, which excluded share-based compensation expenses, was US$1.7 million, compared to non-GAAP income from operations of US$9.4 million in the same period of the prior year.
  • Net loss attributable to TAL was US$7.3 million, compared to net income attributable to TAL of US$27.5 million in the same period of the prior year.
  • Non-GAAP net income attributable to TAL, which excluded share-based compensation expenses, was US$7.0 million, compared to non-GAAP net income attributable to TAL of US$48.0 million in the same period of the prior year.
  • Basic and diluted net loss per American Depositary Share (“ADS”) were both US$0.01. Non-GAAP basic and diluted net income per ADS, which excluded share-based compensation expenses, were both US$0.01. Three ADSs represent one Class A common share.
  • Cash, cash equivalents and short-term investments totaled US$3,618.4 million as of February 28, 2025, compared to US$3,303.3 million as of February 29, 2024.

Highlights for the Fiscal Year Ended February 28, 2025

  • Net revenues were US$2,250.2 million, compared to net revenues of US$1,490.4 million in the prior year.
  • Loss from operations was US$3.2 million, compared to loss from operations of US$69.2 million in the prior year.
  • Non-GAAP income from operations, which excluded share-based compensation expenses, was US$61.8 million, compared to non-GAAP income from operations of US$19.7 million in the prior year.
  • Net income attributable to TAL was US$84.6 million, compared to net loss attributable to TAL of US$3.6 million in the prior year.
  • Non-GAAP net income attributable to TAL, which excluded share-based compensation expenses, was US$149.5 million, compared to non-GAAP net income attributable to TAL of US$85.3 million in the prior year.
  • Basic and diluted net income per ADS were both US$0.14. Non-GAAP basic and diluted net income per ADS, which excluded share-based compensation expenses, were US$0.25 and US$0.24, respectively.

Financial Data——Fourth Quarter and Fiscal Year 2025
(In US$ thousands, except per ADS data and percentages)

Three Months Ended

February 29/28,

2024

2025

Pct. Change

Net revenues

429,563

610,239

42.1 %

Loss from operations

(11,061)

(16,015)

44.8 %

Non-GAAP income/(loss) from operations

9,440

(1,692)

(117.9 %)

Net income/(loss) attributable to TAL

27,508

(7,311)

(126.6 %)

Non-GAAP net income attributable to TAL

48,009

7,012

(85.4 %)

Net income/(loss) per ADS attributable to TAL –
basic

0.05

(0.01)

(126.4 %)

Net income/(loss) per ADS attributable to TAL –
diluted

0.04

(0.01)

(126.9 %)

Non-GAAP net income per ADS attributable to
TAL – basic

0.08

0.01

(85.5 %)

Non-GAAP net income per ADS attributable to
TAL – diluted

0.08

0.01

(85.4 %)

 

Fiscal Year Ended

February 29/28,

2024

2025

Pct. Change

Net revenues

1,490,440

2,250,233

51.0 %

Loss from operations

(69,229)

(3,155)

(95.4 %)

Non-GAAP income from operations

19,669

61,784

214.1 %

Net (loss)/income attributable to TAL

(3,573)

84,591

(2,467.5 %)

Non-GAAP net income attributable to TAL

85,325

149,530

75.2 %

Net (loss)/income per ADS attributable to TAL –
basic

(0.01)

0.14

(2,483.2 %)

Net (loss)/income per ADS attributable to TAL –
diluted

(0.01)

0.14

(2,445.4 %)

Non-GAAP net income per ADS attributable to
TAL – basic

0.14

0.25

76.4 %

Non-GAAP net income per ADS attributable to
TAL – diluted

0.14

0.24

76.7 %

 

“We are pleased to share our fiscal fourth-quarter and full-year performance, delivering year-over-year revenue growth across both learning services and content solutions. We continued to receive positive user feedback in both online and offline enrichment learning programs, as more families seek solutions that enable learners’ holistic development,” said Alex Peng, TAL’s President & Chief Financial Officer.

“Our learning devices have also gained momentum over the past year, reflecting their growing role in students’ self-learning journeys. Moving forward, by integrating in-person teaching, interactive online programs, and smart learning tools, we are confident in TAL’s full-stack capability to deliver value to students and families.”

Financial Results for the Fourth Quarter of Fiscal Year 2025

Net Revenues

In the fourth quarter of fiscal year 2025, TAL reported net revenues of US$610.2 million, representing a 42.1% increase from US$429.6 million in the fourth quarter of fiscal year 2024.

Operating Costs and Expenses

In the fourth quarter of fiscal year 2025, operating costs and expenses were US$628.8 million, representing a 41.2% increase from US$445.4 million in the fourth quarter of fiscal year 2024. Non-GAAP operating costs and expenses, which excluded share-based compensation expenses, were US$614.5 million, representing a 44.6% increase from US$424.9 million in the fourth quarter of fiscal year 2024.

Cost of revenues increased by 44.7% to US$292.6 million from US$202.2 million in the fourth quarter of fiscal year 2024. Non-GAAP cost of revenues, which excluded share-based compensation expenses, increased by 46.1% to US$291.7 million, from US$199.6 million in the fourth quarter of fiscal year 2024.

Selling and marketing expenses increased by 73.1% to US$218.0 million from US$125.9 million in the fourth quarter of fiscal year 2024. Non-GAAP selling and marketing expenses, which excluded share-based compensation expenses, increased by 77.9% to US$214.3 million, from US$120.4 million in the fourth quarter of fiscal year 2024.

General and administrative expenses increased by 0.8% to US$118.2 million from US$117.2 million in the fourth quarter of fiscal year 2024. Non-GAAP general and administrative expenses, which excluded share-based compensation expenses, increased by 3.5% to US$108.5 million, from US$104.9 million in the fourth quarter of fiscal year 2024.

Total share-based compensation expenses allocated to the related operating costs and expenses decreased by 30.1% to US$14.3 million in the fourth quarter of fiscal year 2025 from US$20.5 million in the fourth quarter of fiscal year 2024.

Gross Profit                                                                                                                                 

Gross profit increased by 39.7% to US$317.6 million from US$227.3 million in the fourth quarter of fiscal year 2024.

Loss from Operations

Loss from operations was US$16.0 million in the fourth quarter of fiscal year 2025, compared to loss from operations of US$11.1 million in the fourth quarter of fiscal year 2024. Non-GAAP loss from operations, which excluded share-based compensation expenses, was US$1.7 million, compared to Non-GAAP income from operations of US$9.4 million in the fourth quarter of fiscal year 2024.

Other Income

Other income was US$13.0 million in the fourth quarter of fiscal year 2025, compared to other income of US$37.3 million in the fourth quarter of fiscal year 2024.

Impairment Loss on Long-term Investments

Impairment loss on long-term investments was US$4.2 million in the fourth quarter of fiscal year 2025, compared to US$14.0 million in the fourth quarter of fiscal year 2024.

Income Tax Expense

Income tax expense was US$14.0 million in the fourth quarter of fiscal year 2025, compared to US$6.5 million of income tax expense in the fourth quarter of fiscal year 2024.

Net Income/(Loss) attributable to TAL Education Group

Net loss attributable to TAL was US$7.3 million in the fourth quarter of fiscal year 2025, compared to net income attributable to TAL of US$27.5 million in the fourth quarter of fiscal year 2024. Non-GAAP net income attributable to TAL, which excluded share-based compensation expenses, was US$7.0 million, compared to Non-GAAP net income attributable to TAL of US$48.0 million in the fourth quarter of fiscal year 2024.

Basic and Diluted Net Income/(Loss) per ADS

Basic and diluted net loss per ADS were both US$0.01 in the fourth quarter of fiscal year 2025. Non-GAAP basic and diluted net income per ADS, which excluded share-based compensation expenses, were both US$0.01 in the fourth quarter of fiscal year 2025. 

Cash Flow

Net cash used in operating activities in the fourth quarter of fiscal year 2025 was US$226.3 million.

Cash, Cash Equivalents, and Short-Term Investments

As of February 28, 2025, the Company had US$1,771.3 million of cash and cash equivalents and US$1,847.1 million of short-term investments, compared to US$2,208.7 million of cash and cash equivalents and US$1,094.6 million of short-term investments as of February 29, 2024.

Deferred Revenue

As of February 28, 2025, the Company’s deferred revenue balance was US$671.2 million, compared to US$428.3 million as of February 29, 2024.

Financial Results for the Fiscal Year Ended February 28, 2025

Net Revenues

In fiscal year 2025, TAL reported net revenues of US$2,250.2 million, representing a 51.0% increase from US$1,490.4 million in fiscal year 2024.

Operating Costs and Expenses

In fiscal year 2025, operating costs and expenses were US$2,257.6 million, representing a 43.2% increase from US$1,576.1 million in fiscal year 2024. Non-GAAP operating costs and expenses, which excluded share-based compensation expenses, were US$2,192.7 million, representing a 47.4% increase from US$1,487.2 million in fiscal year 2024.

Cost of revenues increased by 53.4% to US$1,050.0 million in fiscal year 2025 from US$684.3 million in fiscal year 2024. Non-GAAP cost of revenues, which excluded share-based compensation expenses, increased by 54.7% to US$1,043.6 million in fiscal year 2025 from US$674.7 million in fiscal year 2024.

Selling and marketing expenses increased by 62.1% to US$748.8 million in fiscal year 2025 from US$461.9 million in fiscal year 2024. Non-GAAP selling and marketing expenses, which excluded share-based compensation expenses, increased by 67.6% to US$732.6 million in fiscal year 2025 from US$437.2 million in fiscal year 2024.

General and administrative expenses increased by 6.7% to US$458.9 million in fiscal year 2025 from US$429.9 million in fiscal year 2024. Non-GAAP general and administrative expenses, which excluded share-based compensation expenses, increased by 11.0% to US$416.4 million in fiscal year 2025 from US$375.3 million in fiscal year 2024.

Total share-based compensation expenses allocated to the related operating costs and expenses decreased by 27.0% to US$64.9 million in fiscal year 2025 from US$88.9 million in fiscal year 2024.

Gross Profit

Gross profit increased by 48.9% to US$1,200.3 million in fiscal year 2025 from US$806.1 million in fiscal year 2024.

Loss from Operations

Loss from operations was US$3.2 million in fiscal year 2025, compared to loss from operations of US$69.2 million in fiscal year 2024. Non-GAAP income from operations, which excluded share-based compensation expenses, was US$61.8 million in fiscal year 2025, compared to US$19.7 million Non-GAAP income from operations in fiscal year 2024.

Other Income

Other income was US$64.7 million in fiscal year 2025, compared to other income of US$48.8 million in fiscal year 2024.

Impairment Loss on Long-term Investments

Impairment loss on long-term investments was US$12.9 million in fiscal year 2025, compared to US$47.0 million in fiscal year 2024.

Income Tax Expense

Income tax expense was US$38.3 million in fiscal year 2025, compared to US$15.4 million of income tax expense in fiscal year 2024.

Net Income/(Loss) Attributable to TAL Education Group

Net income attributable to TAL was US$84.6 million in fiscal year 2025, compared to net loss attributable to TAL of US$3.6 million in fiscal year 2024. Non-GAAP net income attributable to TAL, which excluded share-based compensation expenses, was US$149.5 million in fiscal year 2025, compared to US$85.3 million Non-GAAP net income attributable to TAL in fiscal year 2024.

Cash Flow

Net cash provided by operating activities in fiscal year 2025 was US$397.9 million.

Basic and Diluted Net Income/(Loss) per ADS

Basic and diluted net income per ADS were both US$0.14 in fiscal year 2025. Non-GAAP basic net income per ADS, which excluded share-based compensation expenses, was US$0.25, and Non-GAAP diluted net income per ADS was US$0.24.

Extension of Share Repurchase Program by the Company

The Company’s board of directors (the “Board”) has authorized to extend the Company’s share repurchase program (the “Share Repurchase Program”) initially launched in April 2021 by another 12 months. The Company has repurchased its ADSs, every three representing one Class A common share, at an aggregate consideration of approximately US$13.1 million under the Share Repurchase Program between April 1, 2024 and April 24, 2025. Pursuant to the extended Share Repurchase Program, the Company may repurchase up to approximately US$490.7 million of its common shares through April 30, 2026. The share repurchases may be effected from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and will be implemented in accordance with applicable rules and regulations. The Company expects to fund the repurchases out of its existing cash balance.

Board Member Changes

The Board has appointed Mr. Yi Wang as an independent director, effective April 22, 2025. Mr. Wang will also serve as Chair of the Compensation Committee and as a member of both the Audit Committee and the Nominating and Corporate Governance Committee. Dr. Weiru Chen has resigned from the Board and all Board committees for personal reasons. Dr. Chen will continue to support the Company in an advisory capacity. 

“We are pleased to welcome Mr. Wang to the Board of TAL. Mr. Wang brings extensive experience across both the business and education sectors, and we are confident that his insights will further strengthen TAL’s strategic direction, governance, and operational excellence,” said Mr. Bangxin Zhang, Founder, Chairman of the Board, and Chief Executive Officer of TAL, “We also want to express our deep appreciation to Dr. Weiru Chen for his outstanding service and invaluable contributions over the past decade. We look forward to continuing our collaboration with Dr. Chen in his new advisory role.”

Since 2014, Mr. Wang has served as the Executive Director of the Harvard Center Shanghai, where he oversees Harvard University’s initiatives and programs in China. Prior to his role at Harvard, Mr. Wang held significant positions in the corporate sector, including Managing Director at Goldman Sachs and Partner at McKinsey & Company. He also served the financial industry as an independent director of Citibank (China) from 2017 to 2023. In addition to his professional endeavors, Mr. Wang is deeply committed to education-related charitable work. He is the co-founder and Vice Chair of the Board of UWC Changshu China and a founding board member of Tsinglan School in Dongguan, China.

Conference Call

The Company will host a conference call and live webcast to discuss its financial results for the fourth fiscal quarter of fiscal year 2025 ended February 28, 2025 at 8:00 a.m. Eastern Time on April 24, 2025 (8:00 p.m. Beijing time on April 24, 2025).

Please note that you will need to pre-register for conference call participation at
https://register-conf.media-server.com/register/BI775d26b88d684bfd81abe62dd23861a6.

Upon registration, you will receive an email containing participant dial-in numbers and unique Direct Event Passcode. This information will allow you to gain immediate access to the call. Participants may pre-register at any time, including up to and after the call start time.

A live and archived webcast of the conference call will be available on the Investor Relations section of TAL’s website at https://ir.100tal.com/.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, TAL Education Group’s strategic and operational plans contain forward-looking statements. The Company may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s ability to continue to provide competitive learning services and products; the Company’s ability to continue to recruit, train and retain talents; the Company’s ability to improve the content of current course offerings and develop new courses; the Company’s ability to maintain and enhance its brand; the Company’s ability to maintain and continue to improve its teaching results; and the Company’s ability to compete effectively against its competitors. Further information regarding these and other risks is included in the Company’s reports filed with, or furnished to the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and TAL Education Group undertakes no duty to update such information or any forward-looking statement, except as required under applicable law.

About TAL Education Group

TAL Education Group is a smart learning solutions provider in China. The acronym “TAL” stands for “Tomorrow Advancing Life”, which reflects our vision to promote top learning opportunities for students through both high-quality teaching and content, as well as leading edge application of technology in the education experience. TAL Education Group offers comprehensive learning solutions to students from all ages through diversified class formats. Our learning solutions mainly cover enrichment learnings programs and some academic subjects in and out of China. Our ADSs trade on the New York Stock Exchange under the symbol “TAL”.

About Non-GAAP Financial Measures

In evaluating its business, TAL considers and uses the following measures defined as non-GAAP financial measures by the SEC as supplemental metrics to review and assess its operating performance: non-GAAP cost of revenues, non-GAAP selling and marketing expenses, non-GAAP general and administrative expenses, non-GAAP operating costs and expenses, non-GAAP income/(loss) from operations, non-GAAP net income attributable to TAL, non-GAAP basic and non-GAAP diluted net income per ADS. To present each of these non-GAAP measures, the Company excludes share-based compensation expenses. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the table captioned “Reconciliations of non-GAAP measures to the most comparable GAAP measures” set forth at the end of this release.

TAL believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding share-based expenses that may not be indicative of its operating performance from a cash perspective. TAL believes that both management and investors benefit from these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to TAL’s historical performance and liquidity. TAL computes its non-GAAP financial measures using the same consistent method from quarter to quarter and from period to period. TAL believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using non-GAAP measures is that these non-GAAP measures exclude share-based compensation charges that have been and will continue to be for the foreseeable future a significant recurring expense in the Company’s business. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying tables have more details on the reconciliations between GAAP financial measures that are most directly comparable to non-GAAP financial measures.

For further information, please contact:

Jackson Ding
Investor Relations
TAL Education Group
Tel: +86 10 5292 6669-8809
Email: ir@tal.com

 

 

 

TAL EDUCATION GROUP

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands of U.S. dollars)

As of

February 29,
2024

As of

February 28,
2025

ASSETS

Current assets

   Cash and cash equivalents

$ 2,208,756

$ 1,771,260

   Restricted cash-current

167,656

187,846

   Short-term investments

1,094,593

1,847,120

   Inventory

68,328

104,876

   Amounts due from related parties-current

343

37

   Prepaid expenses and other current assets

159,498

215,781

Total current assets

3,699,174

4,126,920

  Restricted cash-non-current

81,064

32,625

  Property and equipment, net

405,319

472,366

  Deferred tax assets

4,620

3,487

  Rental deposits

16,947

22,131

  Land use rights, net

189,049

182,880

  Amounts due from related parties-non-current

59

96

   Long-term investments

284,266

305,105

   Long-term prepayments and other non-current assets

16,347

28,393

   Operating lease right-of-use assets

231,104

329,064

Total assets

$ 4,927,949

$ 5,503,067

LIABILITIES AND EQUITY

Current liabilities

  Accounts payable

$ 127,321

$ 146,300

  Deferred revenue-current

400,286

624,272

  Amounts due to related parties-current

96

93

  Accrued expenses and other current liabilities

491,911

582,227

  Operating lease liabilities, current portion

62,604

88,453

Total current liabilities

1,082,218

1,441,345

  Deferred revenue-non-current

27,993

46,955

  Deferred tax liabilities

2,360

3,474

  Operating lease liabilities, non-current portion

176,614

244,895

Total liabilities

1,289,185

1,736,669

Equity

   Class A common shares

152

154

   Class B common shares

49

49

   Additional paid-in capital

4,256,957

4,294,819

   Statutory reserve

165,138

179,537

   Accumulated deficit

(694,270)

(624,078)

   Accumulated other comprehensive loss

(65,928)

(83,914)

Total TAL Education Group’s equity

3,662,098

3,766,567

   Noncontrolling interests

(23,334)

(169)

Total equity

3,638,764

3,766,398

Total liabilities and equity

$ 4,927,949

$ 5,503,067

 

 

 

TAL EDUCATION GROUP

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands of U.S. dollars, except share, ADS, per share and per ADS data) 

For the Three Months Ended
 February 29/28,

For the Fiscal Year Ended

February 29/28,

2024

2025

2024

2025

Net revenues

$ 429,563

$ 610,239

$ 1,490,440

$ 2,250,233

Cost of revenues (note 1)

202,241

292,646

684,316

1,049,975

Gross profit

227,322

317,593

806,124

1,200,258

Operating expenses (note 1)

  Selling and marketing

125,949

217,981

461,851

748,750

  General and administrative

117,240

118,177

429,947

458,895

Total operating expenses

243,189

336,158

891,798

1,207,645

Government subsidies

4,806

2,550

16,445

4,232

Loss from operations

(11,061)

(16,015)

(69,229)

(3,155)

Interest income, net

20,895

19,072

84,928

83,482

Other income

37,255

12,950

48,766

64,717

Impairment loss on long-term
   investments

(13,951)

(4,241)

(46,982)

(12,933)

Income before income tax
   expense and income/(loss) from
   equity method investments

33,138

11,766

17,483

132,111

Income tax expense

(6,504)

(13,972)

(15,379)

(38,320)

Income/(loss) from equity method
   investments

694

(5,194)

(6,242)

(9,531)

Net income/(loss)

$ 27,328

$ (7,400)

$ (4,138)

$ 84,260

Add: Net loss attributable to
   noncontrolling interests

180

89

565

331

Total net income/(loss)
   attributable to TAL   
   Education Group

$ 27,508

$ (7,311)

$ (3,573)

$ 84,591

Net income/(loss) per common
   share

  Basic

$ 0.14

$ (0.04)

$ (0.02)

$ 0.42

  Diluted

0.13

(0.04)

(0.02)

0.41

Net income/(loss) per ADS (note
2)

Basic 

$ 0.05

$ (0.01)

$ (0.01)

$ 0.14

Diluted

0.04

(0.01)

(0.01)

0.14

Weighted average shares used in
   calculating net income/(loss)
   per common share

Basic

201,140,767

202,627,554

203,304,744

201,963,823

Diluted

205,157,437

202,627,554

203,304,744

205,222,753

   Note1: Share-based compensation expenses are included in the operating costs and expenses as follows:

For the Three Months

For the Fiscal Year 

Ended February 29/28,

Ended February 29/28,

2024

2025

2024

2025

Cost of revenues

$ 2,626

$ 963

$ 9,615

$ 6,389

Selling and marketing expenses

5,505

3,691

24,625

16,101

General and administrative expenses

12,370

9,669

54,658

42,449

Total

$ 20,501

$ 14,323

$ 88,898

$ 64,939

   Note 2: Three ADSs represent one Class A common Share.

 

 

 

TAL EDUCATION GROUP

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF

COMPREHENSIVE INCOME/(LOSS)  

(In thousands of U.S. dollars)

For the Three Months Ended

February 29/28,

For the Fiscal Year Ended

February 29/28,

2024

2025

2024

2025

Net income/(loss)

$ 27,328

$ (7,400)

$ (4,138)

$ 84,260

Other comprehensive loss, net
   of tax

(8,062)

(13,376)

(34,301)

(17,724)

Comprehensive income/(loss)

19,266

(20,776)

(38,439)

66,536

Add: Comprehensive
   (income)/loss attributable to
   noncontrolling interests

(40)

44

(396)

69

Comprehensive income/(loss)
    attributable to TAL  
    Education Group

$ 19,226

$ (20,732)

$ (38,835)

$ 66,605

 

 

 

TAL EDUCATION GROUP

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF

CASH FLOWS

(In thousands of U.S. dollars)

For the Three Months Ended

February 29/28,

For the Fiscal Year Ended

February 29/28,

2024

2025

2024

2025

Net cash (used in)/provided by
   operating activities

$ (23,746)

$ (226,332)

$ 306,172

$  397,923

Net cash (used in)/provided by
   investing activities

(38,887)

(314,289)

95,068

(847,028)

Net cash provided by/(used in)
   financing activities

206

(55,104)

(233,095)

(13,167)

Effect of exchange rate
   changes

(2,465)

(998)

(5,576)

(3,473)

Net (decrease)/increase in
   cash, cash equivalents and
   restricted cash

(64,892)

(596,723)

162,569

(465,745)

Cash, cash equivalents and
   restricted cash at the
   beginning of period

2,522,368

2,588,454

2,294,907

2,457,476

Cash, cash equivalents and
   restricted cash at the end
   of period

$ 2,457,476

$ 1,991,731

$ 2,457,476

$ 1,991,731

 

 

 

TAL EDUCATION GROUP

Reconciliation of Non-GAAP Measures to the Most Comparable GAAP Measures

(In thousands of U.S. dollars, except share, ADS, per share and per ADS data)

For the Three Months Ended

February 29/28,

For the Fiscal Year Ended

February 29/28,

2024

2025

2024

2025

Cost of revenues

$ 202,241

$ 292,646

$ 684,316

$ 1,049,975

Share-based compensation expenses
   in cost of revenues

2,626

963

9,615

6,389

Non-GAAP cost of revenues

199,615

291,683

674,701

1,043,586

Selling and marketing expenses

125,949

217,981

461,851

748,750

Share-based compensation expenses
   in selling and marketing expenses

5,505

3,691

24,625

16,101

Non-GAAP selling and marketing
expenses

120,444

214,290

437,226

732,649

 

General and administrative
expenses

117,240

118,177

429,947

458,895

Share-based compensation expenses
   in general and administrative
   expenses

12,370

9,669

54,658

42,449

Non-GAAP general and
administrative expenses

104,870

108,508

375,289

416,446

Operating costs and expenses

445,430

628,804

1,576,114

2,257,620

Share-based compensation expenses
   in operating costs and expenses

20,501

14,323

88,898

64,939

Non-GAAP operating costs and
expenses

424,929

614,481

1,487,216

2,192,681

Loss from operations

(11,061)

(16,015)

(69,229)

(3,155)

Share-based compensation expenses

20,501

14,323

88,898

64,939

Non-GAAP income/(loss) from
operations

9,440

(1,692)

19,669

61,784

Net income/(loss) attributable to
TAL Education Group

27,508

(7,311)

(3,573)

84,591

Share-based compensation expenses

20,501

14,323

88,898

64,939

Non-GAAP net income
attributable to TAL Education
Group
(note 3)

$ 48,009

$ 7,012

$ 85,325

$ 149,530

 

Net income/(loss) per ADS

Basic

$ 0.05

$ (0.01)

$ (0.01)

$ 0.14

Diluted

0.04

(0.01)

(0.01)

0.14

Non-GAAP Net income per ADS

Basic

$ 0.08

$ 0.01

$ 0.14

$ 0.25

Diluted

0.08

0.01

0.14

0.24

ADSs used in calculating net
income/(loss) per ADS

Basic

603,422,301

607,882,662

609,914,232

605,891,469

Diluted

615,472,311

607,882,662

609,914,232

615,668,259

ADSs used in calculating Non-
GAAP net income per ADS

Basic

603,422,301

607,882,662

609,914,232

605,891,469

Diluted

615,472,311

616,868,733

620,629,080

615,668,259

   Note 3: The tax effect of share-based compensation expenses was immaterial in the fourth quarter and in the fiscal year 2025.

 

 

Bright Scholar Schedules Unaudited Financial Results for the Second Quarter of Fiscal 2025 Ended February 28, 2025

CAMBRIDGE, England and FOSHAN, China, April 24, 2025 /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 2025 ended February 28, 2025, on April 28, 2025, before the US market opens.

The Company’s management will host an earnings conference call at 7:00 a.m. U.S. Eastern Time (7:00 p.m. Beijing/Hong Kong Time) on April 28, 2025.

Dial-in details for the earnings conference call are as follows:

Mainland China:

4001-201203

Hong Kong:

800-905945

United States:

1-888-346-8982

International:

1-412-902-4272

Participants should dial-in at least 5 minutes before the scheduled start time and ask to be connected to the call for “Bright Scholar Education Holdings Limited.”

Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at http://ir.brightscholar.com/.

A replay of the conference call will be accessible after the conclusion of the live call until May 5, 2025, by dialing the following telephone numbers:

United States Toll Free:

1-877-344-7529

International:

1-412-317-0088

Replay Passcode:

2410484

About Bright Scholar Education Holdings Limited

Bright Scholar is a global premier education service Group. The Company primarily provides quality international education to global students and equips them with the critical academic foundation and skillsets necessary to succeed in the pursuit of higher education.  

For more information, please visit: https://ir.brightscholar.com/.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company’s business plans and development, which can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

IR Contact:
Email: BEDU@thepiacentegroup.com
Phone: +86 (10) 6508-0677/ +1-212-481-2050

Media Contact:
Email: media@brightscholar.com

 

Towards new trends, gathering new trends and innovating: China Changan makes its debut at the 2025 Shanghai Auto Show

SHANGHAI, April 24, 2025 /PRNewswire/ — China Changan makes its debut at the 2025 Shanghai Auto Show with the theme of “Towards New Trends, Gathering New Trends, and Innovative Power”, bringing 88 products to showcase its innovative technologies and product portfolio.

Towards new trends, creating core technology driving force

China Changan has built a “1255+” technological innovation system and transformed into an innovative technology group. At the auto show, Chenzhi Technology releases a new generation of intelligent chassis sports integrated solutions, covering EMB full-wire control brake and other technologies, with multiple power combinations, system-level redundancy and other features, and its performance indicators are leading the world. Chongqing Qingshan launches the “GI-Drive2.0” intelligent electric drive platform, which contains 293 invention patents and uses EDS4 distributed electric drive assembly with an efficiency of 96.5%. It demonstrates scenes such as turning around on the spot and shows precise control capabilities.

Gathering new trends and building a smart travel ecosystem

China Changan participates in the exhibition with a “3+2+N” business layout:

Powertrain and electric drive: Dongan Power displays the M15NTDE engine and other products with leading thermal efficiency; Chongqing Qingshan exhibits the all-in-one electric drive assembly; Huachuan Denso brings products such as extended-range generators.

Intelligent chassis: Chenzhi Technology demonstrates its full-stack capabilities including wire-controlled braking and steering; Sichuan Jianan’s third-generation electric drive axle is about to be mass-produced.

Thermal management: The Innovation Research Institute exhibits super-integrated thermal management modules; Southern Inter displays multi-zone air-conditioning boxes and other products.

Electronics, appliances and parts: The Electronics and Appliances Division brings products such as power domain controllers; Hunan Tianyan displays transformation results such as superchargers.

Changan Minsheng Logistics presents full-process digital logistics solutions and intelligent equipment.

Innovation brings together new momentum for the industry

China Changan adheres to the brand connotation of “innovation-led”, provides customized cooperation models, introduces intelligent manufacturing and digital management, and strictly controls quality. At the same time, it promotes green supply chains, deploys battery recycling, explores cutting-edge fields with industry chain partners, and promotes high-quality development of the automobile industry.

 

Lao, China Bilateral Trade Increases to USD 8.23 Billion in 2024, Marking Significant Growth

Lao and China cooperation (Photo: Global Times)

In 2024, Laos and China achieved a significant milestone in trade, with a total value of USD 8.23 billion, marking a 15.91 percent increase compared to 2023. This growth was driven by international transactions across several sectors, including the Lao-China railway, investment, and development projects.

Chinachem Group Pioneers Asia’s First Triple-Themed Syndicated Loan

Accelerating Green Buildings & Socially Inclusive Urban Development


HONG KONG SAR – Media OutReach Newswire – 24 April 2025 – Chinachem Group (“CCG”) announced today the successful closure of an HK$8 billion syndicated loan facility (“the Facility”), marking its debut syndicated loan and establishing a new benchmark for sustainable finance in Asia. As the region’s first syndicated loan to combine green, social and sustainability-linked components, the Facility garnered exceptional market reception, with final commitments from 12 leading international, regional and local banks, oversubscribed by over 2.5 times the initial target.

Chinachem Group seals a key financial partnership with Bank of China (Hong Kong) Limited, DBS Bank Hong Kong, Hang Seng Bank Limited, and The Hongkong and Shanghai Banking Corporation Limited at the Signing Ceremony of the HK$8,000,000,000 Green, Social and Sustainability-Linked Syndicated Loan in Hong Kong on 24 April 2025.
Chinachem Group seals a key financial partnership with Bank of China (Hong Kong) Limited, DBS Bank Hong Kong, Hang Seng Bank Limited, and The Hongkong and Shanghai Banking Corporation Limited at the Signing Ceremony of the HK$8,000,000,000 Green, Social and Sustainability-Linked Syndicated Loan in Hong Kong on 24 April 2025.

The overwhelming responses reflect CCG’s exceptional financial position and strong corporate governance, which secure unwavering support and confidence from our banking partners despite the prevailing cautious market environments and geopolitical tension. With the new financing secured, CCG’s financial and liquidity position is further bolstered, enabling it to continue investing, driving growth, and delivering sustainable long-term value.

Adding to the enhanced financial strength, the innovative financing structure of the Facility also reinforces CCG’s position at the forefront of responsible development while creating a replicable model for aligning financial instruments with sustainable urban transformation.

Peter Brien, Chairman and Independent Non-Executive Director of Chinachem Group Holdings Limited, says, “This triple-themed Facility exemplifies our vision of building sustainable legacies – where environmental stewardship, social responsibility and financial performance converge. It directly accelerates our CCG 3050+ carbon reduction roadmap, which commits by 2030 to reduce carbon intensity by at least 51.8% from our 2020 baseline. By aligning financing with measurable sustainability outcomes, we’re institutionalising responsible development at every level of our business.”

Andy Cheung, Executive Director and Chief Executive Officer of Chinachem Group, says, “The overwhelming support from our banking partners demonstrates our shared commitment to future-proofing Hong Kong’s development. The Facility provides both the capital and accountability framework we need to deliver lasting value – for our stakeholders, our communities and our urban environment.”

The Facility operates under CCG’s enhanced Sustainable Finance Framework, fully aligned with the “Hong Kong Taxonomy for Sustainable Finance” published by the Hong Kong Monetary Authority.

The Facility is backed by:

Mandated Lead Arrangers and Bookrunners

1. Bank of China (Hong Kong) Limited
2. DBS Bank Hong Kong
3. Hang Seng Bank Limited
4. The Hongkong and Shanghai Banking Corporation Limited

Mandated Lead Arrangers

5. Fubon Financial Holding Co., Ltd.
6. Bank of Communications (Hong Kong) Limited
7. Industrial Bank Co., Ltd., Hong Kong Branch

Lead Arranger

8. OCBC Bank (Hong Kong) Limited

Arrangers

9. Bank of East Asia
10. China Everbright Bank Co., Ltd., Hong Kong Branch
11. Chiyu Banking Corporation Limited
12. Nanyang Commercial Bank, Limited

Facility Agent
Hang Seng Bank Limited

Sole ESG Coordinator
The Hongkong and Shanghai Banking Corporation Limited
Hashtag: #ChinachemGroup

The issuer is solely responsible for the content of this announcement.

About Chinachem Group

Founded in 1960, Chinachem Group (“CCG”) is a leading private real estate company in Hong Kong. CCG manages a diverse portfolio of investment and development properties with a footprint of over 9 million square feet. Leveraging its extensive expertise in real estate development, CCG delivers high-quality residential spaces and maintains a robust pipeline of commercial projects, while its property services business creates value by managing assets for sustainable, long-term growth.

CCG is also a hotel owner and operator, managing and operating properties under the Nina Hotels and Lodgewood by Nina Hospitality brands. The acquisition of Pine Care Group marks CCG’s expansion into elderly care services, underscoring its commitment to delivering pristine care for the elderly.

With a workforce of over 4,000 employees, CCG is dedicated to making better places to live, work and raise future generations in Hong Kong and beyond.

Please visit

Dusit International expands in China with signing of Dusit Hotel AG Park, Chengdu

Dusit brings its signature Thai-inspired gracious hospitality to Chengdu, home of giant pandas, Sichuan cuisine, and the world-renowned Sichuan Opera.


BANGKOK, THAILAND – Media OutReach Newswire – 24 April 2025 – Dusit International, one of Thailand’s leading hotel and property development companies, represented in China by Dusit Fudu Hotels and Resorts, has signed a hotel management agreement with Dongfang Nongbo (Chengdu) Commercial Operation Management Company Limited to operate Dusit Hotel AG Park, Chengdu – a serene retreat in one of China’s most dynamic and culturally rich destinations, renowned for its vibrant street food, rich tea culture, and iconic giant pandas.

Dusit Hotel AG Park, Chengdu is set to open on 1 June 2025.
Dusit Hotel AG Park, Chengdu is set to open on 1 June 2025.

Slated to open on 1 June 2025, the 250-key Dusit Hotel AG Park, Chengdu is located within the expansive Tianfu Agricultural Expo Park, just 30 minutes by car from both Chengdu city centre and Chengdu Shuangliu International Airport, and only 20 minutes from Xinjin high-speed rail station, which connects to key cities across Sichuan Province.

Spanning approximately 2.7 square kilometres, Tianfu Agricultural Expo Park is a landmark development dedicated to high-tech agriculture, sustainable farming, and cultural tourism. Designed around the principles of innovation, harmony, and green development, the park integrates agricultural exhibitions, farming culture, scientific research, technology development, and leisure tourism into a seamless experience, making it a fitting location for Dusit’s latest expansion.

Guests will be able to choose from a range of private villas or spacious guest rooms set around beautifully maintained gardens. Enhancing the guest experience, the resort will offer a wealth of premium facilities, including an all-day dining restaurant with a farm-to-table focus, a specialty restaurant, a Chinese restaurant featuring eight private dining rooms, a stylish lobby lounge, an indoor swimming pool, a fully equipped gym, a dedicated kids’ club, mahjong rooms, and a pillarless multi-functional conference hall with three versatile meeting rooms.

Alongside Dusit’s signature Thai-inspired gracious hospitality, the resort will also offer immersive experiences that connect guests with the best of the destination. These include curated dining experiences that reflect Chengdu’s status as a UNESCO City of Gastronomy, visits to the world-renowned Sichuan Opera, where the mesmerising ‘face-changing’ performance sees actors seamlessly switch masks in seconds, and the opportunity to see giant pandas up close at the Chengdu Research Base of Giant Panda Breeding, one of the city’s most popular attractions.

“With its rich culinary heritage, deep cultural traditions, and world-famous attractions, Chengdu is a destination like no other, and we are thrilled to introduce Dusit’s signature gracious hospitality to this remarkable city,” said Mr Gilles Cretallaz, Chief Operating Officer, Dusit International. “This signing underscores our commitment to thoughtful expansion in China, and we are excited to create a unique retreat where guests can immerse themselves in Chengdu’s vibrant energy while enjoying the exceptional service and experiences that define Dusit.”

Mr Xiong Rui, Chairman, Dongfang Nongbo (Chengdu) Commercial Operation Management Company Limited, said, “Dusit Hotel AG Park, Chengdu, is poised to become a true landmark in the region, combining outstanding facilities with warm, personalised service. We look forward to creating a sanctuary where guests can relax, explore, and immerse themselves in the unique charm of Chengdu while enjoying the signature Dusit experience.”

Dusit International’s portfolio now includes nearly 300 properties operating under eight brands across 18 countries. In China, the company currently operates seven hotels and has more than 20 properties in the pipeline.

Hashtag: #dusitinternational

The issuer is solely responsible for the content of this announcement.

About Dusit Hotels and Resorts

is the hotel arm of Dusit International, one of Thailand’s leading hotel and property development companies. With a heartfelt belief and commitment to introducing Thai-inspired gracious hospitality to the world, Dusit Hotels and Resorts offers guests a uniquely special stay in high-style surroundings and a personalised approach to service. The group’s portfolio of hotels, resorts and luxury villas includes nearly 300 properties operating under a total of eight brands (Devarana – Dusit Retreats, Dusit Thani, Dusit Suites, Dusit Collection, dusitD2, Dusit Princess, ASAI Hotels, and Elite Havens) across 18 countries worldwide.

For more information, please visit

About Dusit International

Established in 1948, or Dusit Thani Public Company Limited (DUSIT) is a leading hospitality group listed on the Stock Exchange of Thailand. Its operations comprise five distinct yet complementary business units: Dusit Hotels and Resorts, Dusit Hospitality Education, Dusit Foods, Dusit Estate, and Hospitality-Related Services.

Dusit International’s diversified investments in real estate development, hospitality-related services, and the food sector are part of its long-term strategy for sustainable growth, which focuses on three key areas: balance, expansion and diversification.

For more information, please visit

Official photos of Dusit Hotels & Resorts can be downloaded at medialib.dusit.com

OMRON Healthcare Donates 4,000 Blood Pressure Monitors and Advances AFib Screening with AI-based Intellisense AFib Technology

– Intellisense AFib Technology Able to Detect Possible Atrial Fibrillation with Every Measurement; May 17 Marks World Hypertension Day during May Measurement Month –

KYOTO, Japan, April 24, 2025 /PRNewswire/ — OMRON Healthcare Co., Ltd. (Head Office: Muko, Kyoto Prefecture; hereinafter referred to as “the Company”) is proud to continue its long-term commitment to the sponsorship of May Measurement Month (MMM), an awareness-raising campaign of blood pressure monitoring. As part of this commitment, the Company will donate approximately 4,000 blood pressure monitors to MMM. This year, the donated devices include blood pressure monitors that detect possible atrial fibrillation (AFib) using the new AI-based Intellisense AFib technology, as well as blood pressure monitors featuring integrated ECG technology.

Logo: https://kyodonewsprwire.jp/img/202504177579-O1-SWNJGnOc 

OMRON Healthcare has partnered with MMM since 2017 to promote and help to create awareness of the dangers of raised blood pressure and hypertension and to date has donated approximately 30,000 blood pressure monitors across 100 countries. Now, in its seventh year running, this initiative has been crucial in educating hypertensive patients to measure their blood pressure and to support early detection of AFib to help reduce stroke risk.

“Atrial fibrillation is a potentially life-threatening arrhythmia, and people with high blood pressure are at significantly greater risk of developing it. Regular monitoring of blood pressure is a crucial tool in identifying those risks and enables people to manage hypertension more effectively. With the donation of these monitors, we are able to support earlier detection, better treatment and, ultimately, save more lives,” said Professor Neil R Poulter, Chief Investigator and Chair of Trustees, of May Measurement Month.

According to the World Health Organization (WHO), high blood pressure is responsible for more than 10 million deaths worldwide each year. And alarmingly, approximately 1 in 4 people with AFib are initially asymptomatic.*1 If left untreated, hypertension increases the risk of developing life-threatening cerebrovascular and cardiovascular diseases such as stroke and heart failure. Early detection and proper treatment of hypertension can prevent serious complications. Home blood pressure monitoring is associated with better blood pressure control and therefore enhances prevention.

This year’s MMM will be held from May 1 to July 31. The event will offer hands-on blood pressure measurements and provide advice on diet and blood pressure management. Additionally, visitors, in some regions, will be able to assess their AFib risk through blood pressure measurements and ECG recordings. Studies have confirmed that the incidence of AFib is about three times higher in hypertensive patients than in those with normal blood pressure*2. By donating blood pressure monitors that can detect the possibility of AFib to MMM, the Company is providing an opportunity to raise awareness of its risks among hypertensive patients.

For more information about MMM, please visit: www.maymeasure.org

*1 Gibbs H, et al; Clinical Outcomes in Asymptomatic and Symptomatic Atrial Fibrillation Presentations in GARFIELD-AF: Implications for AF Screening. Am J Med. 2021 Jul;134(7):893-901.e11.

*2 Senoo K, Yukawa A, Ohkura T, et al. Screening for untreated atrial fibrillation in the elderly population: A community-based study. Pizzi C, ed. PLoS ONE.2022;17(6):e0269506.

About OMRON Healthcare

Committed to advance health and empower people worldwide to live life to the fullest, OMRON Healthcare is a global leader in the field of clinically proven, innovative medical equipment for home health monitoring and treatment. Aiming to realize its vision “Going for Zero, Preventive Care for the Health of Society,” the Company develops products and services for cardiovascular condition management, remote patient monitoring, respiratory care, and pain therapy devices. These help healthcare professionals and patients to reduce cerebro-cardiovascular events, aggravation of respiratory diseases and restrictions due to chronic pain.

With well over 350 million units sold globally*, OMRON provides the world’s most recommended blood pressure monitors by healthcare professionals**. Throughout its history, OMRON Healthcare has been striving to improve lives and contribute to a better society by developing innovations that help people prevent, treat, and manage their medical conditions, and provides products and services in over 130 countries***.

OMRON Healthcare Group is headquartered in Kyoto, Japan.

* Cumulative sales of home-use digital blood pressure monitors worldwide. (as of May 2023)

** 1 Frost & Sullivan Survey, Blood pressure clinician perception tracker surveys.

(November 25, 2019, and U.S. News Staff 2020, U.S. News & World Report, accessed June 9, 2020)

** 2 Kantar Health. Survey with cardiologists. (2019)

*** Number of the countries where OMRON products and/or services are available (as of March 2023)

Tuya Smart Unveils Four Core AIoT Technology Engines, Empowering Developers to Reconstruct the Physical World with AI

NEW YORK, April 24, 2025 /PRNewswire/ — On April 23, the 2025 TUYA Global Developer Summit officially opened in Shenzhen. Tuya Smart (NYSE: TUYA, HKEX: 2391), a global AI cloud platform service provider, spotlighted the theme of “AI + IoT,” emphasizing the deep integration of artificial intelligence with the Intelligence of Things to reshape how smart devices interact and function. This integration accelerates the widespread adoption of AIoT technologies. During the summit, Tuya introduced its AI Agent Development Platform and released three other major technology engines—Tuya.AI, TuyaOpen, and HEDV—to help developers fully unlock the potential value of AIoT. To further accelerate the global commercialization of AI, Tuya also announced that developers using Tuya solutions can now access Tuya AI Tokens free of charge.

AI Agent Development Platform: Build Custom Intelligent Agents and Unlock Infinite AI Possibilities

The AI Agent Development Platform is designed to provide developers with flexible and efficient tools for managing intelligent agents. It integrates leading global large language models, including DeepSeek, Doubao, Qwen, Tencent Hunyuan, OpenAI, Gemini, and Nova. With just a single line of code, developers can easily connect to any of these models, enabling seamless integration of functions such as text and image generation, image recognition, data analysis, device management, and object model understanding.

With support from Tuya’s AI Agent Development Platform, developers can rapidly create tailored smart agents, ranging from pet-feeding assistants and AI dolls to fitness companions and motivational avatars, thereby enhancing personalized user experiences.

Tuya.AI: Empowering End-to-End AI Hardware Development and Accelerating the Commercialization of AI Value

Tuya.AI delivers out-of-the-box, full-stack AI hardware development solutions for global developers, addressing the core challenges of AI hardware mass production. The offering includes high-performance edge AI modules, low-code embedded frameworks, cloud-based model orchestration, an intelligent cloud brain, and closed-loop AI application integration and deployment.

Tuya.AI not only offers technological and ecosystem advantages but also enables developers to rapidly access commercial markets. Whether in smart home environments, industrial IoT, or smart commercial scenarios, developers can rely on Tuya.AI to quickly complete the entire process, from prototype validation to large-scale deployment. With Tuya’s comprehensive AI toolchains, developers can integrate AI capabilities into smart devices in as little as 10 minutes, significantly enhancing product commercial value and accelerating time-to-market.

TuyaOpen: Staying True to Tuya’s Open-Source DNA, Enabling Developers to Bring Creative Ideas Directly to Market

The deep integration of AI and the physical world is unlocking new business opportunities. However, the foundation of this transformation lies in technological evolution, built upon vast datasets and the validation of diverse scenarios. This evolution requires engaging more developers in the AI field and accelerating the adoption of AI through innovative products. Therefore, open source becomes the key to driving AI commercialization, by offering developers fertile ground for creative implementation.

Tuya has always embraced an open-source philosophy, from its early days as a startup team building an open-source community, to its current role as the enabler of an open, neutral smart ecosystem. Tuya continues to champion openness through its technology platform ecosystem. Backed by years of industry experience and AIoT technology accumulation, Tuya has officially launched TuyaOpen, an open-source, open development framework tailored for the AIoT industry.

TuyaOpen inherits core capabilities from TuyaOS, such as cross-platform compatibility, cross-system integration, modular architecture, and security compliance, and further integrates an end-to-end AI inference engine. It supports multimodal AI capabilities through Tuya Cloud’s smart agent center, achieving seamless cloud-edge integration. Leveraging Tuya’s global supply chain and open ecosystem, TuyaOpen also provides a one-stop path from product development to commercial monetization, significantly shortening time-to-market and helping developers access more business opportunities.

HEDV: Edge Computing Platform Delivering “Industry-Grade” Data Protection

In complex business scenarios such as smart energy and smart campuses, enterprises are increasingly demanding robust data security and customized development capabilities. To address these challenges, Tuya has introduced the HEDV edge computing platform. Featuring a cloud-independent, distributed architecture, HEDV can be flexibly deployed in any data center according to enterprise needs, providing efficient, unified, stable, and scalable smart solutions at low cost.

Built on Tuya’s global DNA, independent data centers, and adherence to leading global cloud security and compliance standards, HEDV enables enterprises to achieve localized deployment in a cost-effective and streamlined manner. This empowers greater autonomy over data, applications, and devices—ensuring the security of critical data while maintaining elastic scalability for high-concurrency scenarios.

Through the release and sharing of these technology engines, Tuya not only equips global developers with powerful tools to implement AIoT but also provides technical backing for bold innovation through its AI cloud platform. Looking ahead, Tuya will continue working alongside global developers to advance technology adoption and usher in the commercial era of AIoT together.