 FOSHAN, China, April 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 second fiscal quarter ended February 28, 2021. Second Fiscal Quarter Ended February 28, 2021 Financial Highlights in comparison to the same period of the last fiscal year: RMB in million Except EPS and Second Fiscal Quarter Ended February 28, 2021 Second Fiscal Quarter Ended February 29, 2020 YoY Change Revenue 809.0 877.0 7.8 Gross Profit 164.1 306.5 46.5 Gross Margin 20.3 35.0 14.7 Operating IncomeLoss 40.3 76.2 152.9 Operating Margin 5.0 8.7 13.7 Net IncomeLoss 42.4 40.5 204.7 Net Margin 5.2 4.6 9.8 Adjusted Gross Profit 1 171.5 317.5 46.0 Adjusted Gross Margin 1 21.2 36.2 15.0 Adjusted Operating IncomeLoss 2 32.2 97.4 133.0 Adjusted Operating Margin 2 4.0 11.1 15.1 Adjusted Net IncomeLoss 3 36.0 59.4 160.5 Adjusted Net Margin 3 4.4 6.8 11.2 Adjusted EBITDA 4 48.3 152.5 68.3 Adjusted EBITDA Margin 4 6.0 17.4 11.4 Basic and Diluted EarningsLoss per Share 0.38 0.39 197.4 Adjusted Basic and Diluted EarningsLoss per Share 5 0.32 0.55 158.2 Six Months Ended February 28, 2021 Financial Highlights in comparison to the same period of the last fiscal year: RMB in million Except EPS and Six Months Ended February 28, 2021 Six Months Ended February 29, 2020 YoY Change Revenue 1,860.6 1,975.0 5.8 Gross Profit 606.9 780.3 22.2 Gross Margin 32.6 39.5 6.9 Operating Income 188.1 343.5 45.2 Operating Margin 10.1 17.4 7.3 Net Income 148.5 244.8 39.3 Net Margin 8.0 12.4 4.4 Adjusted Gross Profit 1 621.5 802.3 22.5 Adjusted Gross Margin 1 33.4 40.6 7.2 Adjusted Operating Income 2 204.1 385.7 47.1 Adjusted Operating Margin 2 11.0 19.5 8.5 Adjusted Net Income 3 161.2 282.4 42.9 Adjusted Net Margin 3 8.7 14.3 5.6 Adjusted EBITDA 4 369.0 505.0 26.9 Adjusted EBITDA Margin 4 19.8 25.6 5.8 Basic Earnings per Share 1.19 1.98 39.9 Diluted Earnings per Share 1.19 1.97 39.6 Adjusted Basic and Diluted Earnings per Share 5 1.29 2.29 43.7 ___ 1. 