Group 1 - The stock of Dongfang Zhenxuan (01797) has risen over 9%, with a cumulative increase of 1.1 times since early July [1] - As of the latest update, the stock price is reported at 25.74 HKD, with a trading volume of 584 million HKD [1] - The company launched its first pure cotton sanitary napkin on June 16, which sold out 180,000 units within two days, and a new series was launched on July 19 [1] Group 2 - Zheshang Securities notes that after two years of challenges, the company's operations are stabilizing, and its self-operated products align with new consumer trends, indicating potential for expansion [1] - As of November 2024, Dongfang Zhenxuan has 228,300 paid members, compared to Sam's Club China with 9 million members, suggesting significant penetration potential [1] Group 3 - New Oriental's FY2025 Q4 earnings report indicates revenue of 150 million USD, a year-on-year decline of approximately 30%, but the decline rate has narrowed quarter-on-quarter [1] - The Non-GAAP operating profit is approximately 79 million RMB, with an operating profit margin of about 7%, showing improvement from the previous quarter's 3% [1] - The company is transitioning from a host-driven model to a product-driven model, which is expected to enhance profitability [1]

格隆汇8月4日丨东方甄选(01797.HK)公布，董事会会议将于2025年8月22日举行，藉以（其中包括）审 议及批准公司及其附属公司截至2025年5月31日止财政年度的全年业绩及其刊发，以及考虑宣派及派发 末期股息（如有）。 ...

東方甄選控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，董事 會會議將於2025年8月22日（星期五）舉行，藉以（其中包括）審議及批准本公司及 其附屬公司截至2025年5月31日止財政年度的全年業績及其刊發，以及考慮宣派 及派發末期股息（如有）。 承董事會命 東方甄選控股有限公司 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 East Buy Holding Limited 東方甄選控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1797） 董事會會議通知 俞敏洪 香港，2025年8月4日 於本公告日期，董事會包括執行董事俞敏洪先生及尹強先生；非執行董事孫暢女 士；以及獨立非執行董事林哲莹先生、閻焱先生及鄺偉信先生。 主席 ...

Group 1 - The core viewpoint of the article highlights the performance and market position of Dongfang Zhenxuan, which saw a stock price increase of 4.25% to 23.82 CNY per share, with a trading volume of 300 million CNY [1] - Dongfang Zhenxuan is a leading player in the online extracurricular education sector in China, known for its high-quality online courses and exam preparation services [1] - The company expanded its business in 2021 to include live commerce, educational hardware products, STEAM education, and vocational education, becoming the largest online education brand in the Chinese university exam preparation market by 2017 [1] Group 2 - As of the mid-2024 financial report, Dongfang Zhenxuan reported total revenue of 2.187 billion CNY and a net loss of 96.799 million CNY [2]

Investment Rating - Industry rating: Recommended [4] Core Insights - The introduction of the national childcare subsidy policy is expected to benefit the maternal and infant industry chain, with a subsidy of 3,600 yuan per child per year for families with children under three years old, potentially impacting over 20 million families annually [1][2] - New Oriental's FY2025Q4 performance shows a revenue of 150 million USD, a year-on-year decline of approximately 30%, but with a sequential improvement in operating profit margin from 3% in FY25Q3 to 7% in FY25Q4 [3] - The company is transitioning from a host-driven model to a product-driven model, with significant sales in sanitary products and self-branded items [3] Summary by Sections 1. Industry Overview - The report highlights the positive impact of the national childcare subsidy on birth rates, particularly in lower-tier markets, citing examples from cities like Panzhihua and Tianmen where similar policies led to increased birth rates [2] 2. Company Performance - New Oriental's recent performance indicates a recovery in profit margins despite a decline in revenue, with key products like sanitary napkins and self-branded food items performing well in sales [3] 3. Investment Recommendations - The report suggests five investment themes, including the continuous upgrade of AI technology, the emotional value consumers place on purchases, the recovery of cyclical sectors, the potential of domestic brands going global, and the revival of traditional retail formats [6]

Market Overview - US stock indices closed lower, while the China concept index rose by 0.66% [1] - Hong Kong stock indices opened slightly lower, with the Hang Seng Index down 0.12%, the National Index down 0.14%, and the Hang Seng Tech Index down 0.09% [1] Company Performance - Major tech stocks showed mixed performance; Alibaba rose nearly 2%, Kuaishou increased by 1.3%, and Baidu gained 1%, while Tencent saw a slight increase [1] - Xiaomi and Meituan experienced declines [1] Sector Performance - International oil prices fell, leading to a decline in oil stocks, with China Petroleum & Chemical down over 2% [1] - Gaming stocks, which had performed well previously, saw a broad decline, with New Macau International Development dropping nearly 6% [1] - Innovative drug concept stocks experienced declines, including Baijiahe, Nuocheng Jianhua, Sanofi, and WuXi AppTec [1] - Brain-computer interface stocks, such as Nanjing Panda Electronics, fell nearly 5% [1] - Conversely, software stocks, live streaming concept stocks, domestic property stocks, and property management stocks mostly rose, with Dongfang Zhenxuan increasing nearly 3% [1]

格隆汇7月31日｜7月行情收官，从港股市场个股表现来看，云知声、国泰君安国际和东方甄选分别涨 95.85%，86.59%和85.08%，位居涨幅榜前三；老铺黄金、周大福和奇富科技-S分别跌29.71%、23.22% 和21.72%，位居港股跌幅前三。 来源：格隆汇APP ...

Group 1 - The core viewpoint of the news is that the China Securities Index Hong Kong 300 Mainland High Beta Index has shown significant growth, with a 15.91% increase over the past month, 26.48% over the past three months, and 34.82% year-to-date [1] - The index reflects the overall performance of securities listed on the Hong Kong Stock Exchange from various strategic investment perspectives, with a base date of December 30, 2005, set at 1000.0 points [1] - The top ten holdings of the index include companies such as Sunac China (3.98%), China Merchants Securities (3.11%), and China Cinda (2.77%), indicating a diverse portfolio [1] Group 2 - The index is fully composed of stocks listed on the Hong Kong Stock Exchange, with a sector breakdown showing financials at 28.18%, healthcare at 18.44%, real estate at 17.18%, and information technology at 16.55% [1] - The index sample is adjusted every six months, specifically on the next trading day after the second Friday of June and December, with weight factors fixed until the next adjustment unless special circumstances arise [2]

Group 1 - The core viewpoint of the article highlights the significant rise in the stock price of Dongfang Zhenxuan, which increased by 5.3% to reach 22.85 yuan per share, with a trading volume of 21.69 million yuan as of July 31 [1] - Dongfang Zhenxuan Holdings Limited is recognized as a leader in the online extracurricular education service sector in China, known for providing high-quality online courses and exam preparation services [1] - The company expanded its business in 2021 to include live commerce, educational smart hardware products, STEAM education, and vocational education, and has been the largest online education brand in the Chinese university exam preparation market since 2017 [1] Group 2 - As of the mid-2024 financial report, Dongfang Zhenxuan reported total operating revenue of 2.187 billion yuan and a net profit of -96.79 million yuan [2]

Core Viewpoint - Oriental Selection (01797) has seen its stock price rise over 80% this month, with a current increase of 7.37% to HKD 21.85, and a trading volume of HKD 1.147 billion [1] Financial Performance - Daiwa reported that Oriental Selection's Gross Merchandise Volume (GMV) for the first half of fiscal year 2025 is expected to reach RMB 4.8 billion, with the "With Hui Together" channel led by Dong Yuhui contributing a quarter of this total [1] - Following Dong Yuhui's departure, the GMV has rebounded due to the expansion of sales channels, and the gross margin for self-branded products has improved to a healthy level of 21%, up from 10% in the second half of 2024 [1] Operational Strategy - The company has been reducing its workforce since December last year and expanding its product offerings to include high-margin categories such as health supplements and pet products, which is expected to further improve profit margins in the second half of fiscal year 2025 [1] - Zheshang Securities noted that after two years of challenges, the company's operations are stabilizing, and GMV is expected to turn positive by June 2025 as the high base effect diminishes [1] Market Position - Oriental Selection continues to focus on developing its key products, with GMV stabilizing and profit margins recovering, indicating significant growth potential for self-operated products [1]