 FOSHAN, China, July 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 third fiscal quarter ended May 31, 2021. Third Fiscal Quarter Ended May 31, 2021 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, 2021 Third Fiscal Quarter Ended May 31, 2020 YoY Change Revenue 1,053.8 739.4 42.5 Gross Profit 418.2 292.0 43.2 Gross Margin 39.7 39.5 0.2 Operating Income 212.7 136.2 56.2 Operating Margin 20.2 18.4 1.8 Net Income 163.9 68.0 141.0 Net Margin 15.6 9.2 6.4 Adjusted Gross Profit 1 426.0 302.9 40.7 Adjusted Gross Margin 1 40.4 41.0 0.6 Adjusted Operating Income 2 221.2 114.7 92.8 Adjusted Operating Margin 2 21.0 15.5 5.5 Adjusted Net Income 3 170.6 44.3 285.5 Adjusted Net Margin 3 16.2 6.0 10.2 Adjusted EBITDA 4 319.3 164.5 94.1 Adjusted EBITDA Margin 4 30.3 22.2 8.1 Basic and Diluted Earnings per Share 1.43 0.64 123.4 Adjusted Basic and Diluted Earnings per Share 5 1.49 0.44 238.6 Nine Months Ended May 31, 2021 Financial Highlights in comparison to the same period of the last fiscal year: RMB in million Except EPS and Nine Months Ended May 31, 2021 Nine Months Ended May 31, 2020 YoY Change Revenue 2,914.4 2,714.4 7.4 Gross Profit 1,025.1 1,072.3 4.4 Gross Margin 35.2 39.5 4.3 Operating Income 400.8 479.6 16.4 Operating Margin 13.8 17.7 3.9 Net Income 312.4 312.8 0.1 Net Margin 10.7 11.5 0.8 Adjusted Gross Profit 1 1,047.5 1,105.2 5.2 Adjusted Gross Margin 1 35.9 40.7 4.8 Adjusted Operating Income 2 425.3 500.5 15.0 Adjusted Operating Margin 2 14.6 18.4 3.8 Adjusted Net Income 3 331.8 326.7 1.6 Adjusted Net Margin 3 11.4 12.0 0.6 Adjusted EBITDA 4 688.2 669.4 2.8 Adjusted EBITDA Margin 4 23.6 24.7 1.1 Basic and Diluted Earnings per Share 2.61 2.62 0.4 Adjusted Basic and Diluted Earnings per Share 5 2.78 2.73 1.8 ___ 1. 