Core Viewpoint - Oriental Selection reported a significant decline in total revenue for the fiscal year 2025, with a total revenue of 4.4 billion yuan, down 32.7% from 6.5 billion yuan in fiscal year 2024, but managed to achieve a net profit of 6.2 million yuan after a loss in the first half of the year [1] Group 1: Financial Performance - The net profit for the fiscal year 2025 was 6.2 million yuan, a recovery from a net loss of 96.5 million yuan in the first half of the year [1] - Excluding the financial impact from the sale of Huixing, the net profit for the continuing operations was 135.4 million yuan, an increase of 30% year-on-year [1] - The gross margin for continuing operations improved from 25.9% in fiscal year 2024 to 32% in fiscal year 2025, attributed to the healthy development of self-operated products and live e-commerce [1] Group 2: Business Segments - The total GMV for self-operated products and live e-commerce in fiscal year 2025 was 8.7 billion yuan, a significant decrease from 14.3 billion yuan in fiscal year 2024 [1] - The total cost of revenue for continuing operations decreased from 4.8 billion yuan in fiscal year 2024 to 3 billion yuan in fiscal year 2025, a decline of 38.2%, mainly due to the decrease in GMV leading to lower inventory and logistics costs [1] Group 3: Market Position and Strategy - GMV from the Douyin platform still accounted for a large portion, while GMV from the Oriental Selection App increased its share from 8.4% in fiscal year 2024 to 15.7% in fiscal year 2025 [2] - The number of paid subscribers for the Oriental Selection App reached 264,300 in fiscal year 2025 [2] - Self-operated products accounted for approximately 43.8% of total GMV in fiscal year 2025, up from 40% in fiscal year 2024, with a total of 732 self-operated products launched [2] Group 4: Corporate Governance and Market Sentiment - The stock price of Oriental Selection has increased by over 200% since July [2] - There were rumors regarding the CEO of New Oriental Group being investigated for alleged misconduct, which Oriental Selection denied as baseless [2] - The company clarified that its average commission rate is below 20%, contrary to claims of exceeding 30% [2]

北京商报讯（记者 吴其芸）8月22日，就"东方甄选前CEO孙东旭或将离职"的消息，东方甄选发布声明 称，孙东旭在休假中，并没有离职。自从2023年12月后，孙东旭一直以东方甄选和俞敏洪顾问的方式工 作。俞敏洪与孙东旭一直保持着良好的沟通。 ...

北京商报讯（记者 吴其芸）8月22日，东方甄选发布截至2025年5月31日止年度业绩公告，报告期内， 东方甄选实现总营收44亿元，同比减少32.7%，其中，来自应用程序的总营收由2024财年的9亿元提升 至2025财年的11亿元。2025财年，东方甄选的持续经营业务净溢利从2025财年上半年的亏损转正，实现 净溢利620万元。 财报显示，截至2025年5月31日，东方甄选自营产品及直播电商团队总人数达到1401人，其中全职1070 人，兼职331人。供应链及产品团队达到643人，其中全职496人，兼职147人。 ...

Group 1 - The core point of the news is the speculation regarding the departure of Sun Dongxu, the former CEO of Dongfang Zhenxuan, which has sparked public attention and discussions online [2] - Dongfang Zhenxuan issued a statement clarifying that Sun Dongxu is currently on vacation and has not left the company, and he has been working as a consultant since December 2023 [2] - The stock price of Dongfang Zhenxuan experienced significant volatility, dropping approximately 45% on August 19, with a near 24% increase followed by a decline of over 20% [5] Group 2 - There were rumors involving Zhou Chenggang, the CEO of New Oriental Education Technology Group, suggesting he was under investigation for alleged misconduct, which caused panic among investors [6] - Dongfang Zhenxuan issued a rebuttal stating that the rumors about Zhou Chenggang were false and that the claim regarding the company's commission rate exceeding 30% was also inaccurate, with the actual average commission rate being below 20% [7] - The company has initiated legal actions against the spread of these rumors and emphasized its commitment to high-quality and cost-effective products [7]

07 63 @新浪科技 【#东方甄选发声明否认孙东旭离职#】@东方甄选 发布公告称，前CEO孙东旭在休假中，并没有离 职。自从23年12月份之后，孙东旭一直以东方甄选和俞敏洪顾问的方式工作。俞敏洪与孙东旭一直保持 着良好的沟通。 ...

封面图片来源：每经原创 每经北京8月22日电（记者李宇彤）8月22日晚间，东方甄选（01797.HK）公布了2025财年（2024年6月 1日至2025年5月31日）综合业绩。2025财年，东方甄选持续经营业务（自营产品及直播电商业务）的总 营收为44亿元，持续经营业务净溢利从2025财年上半年的净亏损9650万元实现扭亏为盈，净溢利为620 万元。 据财报数据，2025财年，东方甄选自营产品及直播电商业务总GMV（商品交易总额）为87亿元。值得 注意的是，东方甄选的自营产品在2025财年占总GMV约43.8%。东方甄选首席财务官尹强在财报中表 示："目前，自营产品已成为东方甄选的主要增长动力。" ...

来源：东方甄选 8月22日，东方甄选发布声明： （原标题：东方甄选声明：孙东旭在休假中，并未离职） ...

Group 1: Company Updates - Dongfang Zhenxuan announced a total revenue of 4.392 billion yuan for the fiscal year 2025, with a profit attributable to owners of 5.735 million yuan [1] - Alibaba has restructured its business segments from six major groups to four: Alibaba China E-commerce Group, Alibaba International Digital Commerce Group, Cloud Intelligence Group, and all other businesses [2] - Sunyu Optical Technology signed a memorandum of understanding with GoerTek and GoerTek Optical to negotiate a final agreement regarding equity subscription, with Ningbo Aolai expected to hold approximately 33.33% of GoerTek Optical post-subscription [2] Group 2: Market Trends - JD.com is re-entering the community group buying sector with multiple new stores launched in Beijing, and has applied for several related trademarks [3] - Li Ning's CEO expressed awareness of the pressure from reduced offline foot traffic, while maintaining a target gross margin of 50% and emphasizing the absence of inventory pressure [5][6] - NIO's founder stated that the pricing strategy for their new ES8 model is aligned with the average price range of luxury brands like Mercedes-Benz, BMW, and Audi [7] Group 3: Financing Activities - Ying Shi Bio completed over 34 million USD in Series C financing, led by Rehabilitation Capital, with participation from other investors [8] - Montong Intelligent secured several million yuan in Pre-A round financing, with funds allocated for product development and team expansion [9] Group 4: New Products and Technologies - Lantu Motors launched its Lanhai Intelligent Super Hybrid Technology, integrating advanced battery and charging technologies [10] - Tencent Cloud released the DeepSeek-V3.1 model API, allowing enterprises and developers to access improved services [11] Group 5: Industry Insights - AI data centers are expected to adopt liquid cooling technology at a penetration rate exceeding 30% by 2025, driven by the release of NVIDIA's GB200 NVL72 servers [12][13] - CITIC Construction's report indicates that the consumption peak season is approaching, with strong fundamental support for energy metal prices, as demand begins to recover [14] Group 6: Noteworthy News - Long-term funds have made significant investments in over 100 A-shares, with social security and pension funds entering the top ten shareholders of approximately 160 listed companies [15] - Rare earth prices have surged, with an average increase of over 100,000 yuan per ton since August, leading to a performance turnaround in the rare earth sector [15]

1 22 FT 25 点击下载中国基金报客户端 ■ 中国基金报内容矩阵 ■ 来源：东方甄选 8月22日，东方甄选发布声明： 东方甄选 2025年8月22日 巅峰对话 投资热点说 IPO情报站 ETF风向标 O f= ® ■ CHINAFUND CHINAFUND CHINAFUND CHINAFUND 数说人物 港股日报 全球早班车 开盘速递 � e 8 V CHINAFUND CHINAFUND CHINAFUND CHINAFUND ●微信搜一搜( Q 中国基金报 )即刻获取财经资讯 ...

董事会宣布，宋?女士(宋女士)及马咏仪女士(马女士)已获委任为本公司的联席公司秘书，自本公告日期 起生效。马女士已获委任为授权代表及法律程序代理人，自本公告日期起生效。 （原标题：东方甄选(01797)：宋?及马咏仪获委任为联席公司秘书） 智通财经APP讯，东方甄选(01797)发布公告，张启昌先生(张先生)已提呈辞任本公司的公司秘书、香港 联合交易所有限公司证券上市规则第3.05条项下的本公司授权代表(授权代表)及根据香港法例第622章公 司条例第16部代表本公司在香港接收法律程序文件或通知书的授权代表(法律程序代理人)，自本公告日 期起生效。 ...