【导读】俞敏洪 深夜 发 布 全员信，再次向员工道歉 11月16日，新东方迎来成立32周年纪念日，新东方董事长俞敏洪身处南极发布内部信，向全体员工及支持者致谢。 但是相关内容却引发 关注，有员工表示无法与正在旅游的老板共情。 11月22日深夜，俞敏洪发全员信，再次向员工道歉。 俞敏洪发全员信 再次向员工道歉 11月22日深夜，俞敏洪发 布 全员信，再次向员工道歉，并详细解释了自己写信的缘由和初衷。 中国基金报记者 李智 俞敏洪 在信中多次向员工表达歉意，他表示，"我并没有要向大家炫耀我在南极的意思，而是一直希望我能够真诚和大家分享我的观点和情 况。我相信，一个愿意和大家分享的老板，总比一个神秘的老板更加让员工放心和安心。" 俞敏洪解释，写信时在南极 ，使 用南极元素并无炫耀之意，只是真诚分享观点与情况；使用红色字体，是因 为 老一代 人的 红色基因深 厚，红色代表喜庆 和 欢庆，并无其他含义 ，并再次向员工道歉 。 对于"用员工的血汗钱旅游"的说法，俞敏洪认为这样的表达不妥， " 你在努力工作的同时，老板们也在拼命努力，并承担更大的风险，确 保公司的正常发展，为你提供工作保障。我们是互相成就、互相合作、双向选 ...

2025.11. 23 本文字数：777，阅读时长大约1分钟 11月23日，据媒体报道，俞敏洪又写了一封主题为"让我们一起努力"的全员信，再次向员工道歉， 并详细解释了自己写信的缘由和初衷。 俞敏洪首先向员工表达了歉意，写信时在南极，因此用了一些南极的描述和比喻，触发了一些员工的 不满，并没有要向大家炫耀在南极的意思，而是一直希望能够真诚和大家分享我的观点和情况。"一 个愿意和大家分享的老板，总比一个神秘的老板更加让员工放心和安心。" 俞敏洪承认，这次到南极来，确实有一定的个人旅游的味道，但同时也是为了工作。奚志农老师邀请 他过来，是为了就青少年自然探索教育的问题进行深入探讨。这次在南极，还碰到了几位优秀的人 才，都是做自然教育和探索的专家，未来有可能进入新东方工作。 俞敏洪表示，如果在新东方工作，并且没有放弃这份工作，就有责任维护新东方的发展和形象。如果 工作中遇到不公平的待遇或者受到欺负，要尽量通过内部渠道解决，也欢迎大家随时给其邮箱写信。 俞敏洪称，很多老师熬夜备课，"我相信我熬夜的时间一定不比你少，只不过我熬夜的工作内容和你 有所不同"。 然,后来的很多言论,已经是外部力量 参与了进来,和我们员工没有 ...

据每日经济新闻报道，11月23日，俞敏洪又写了一封主题为"让我们一起努力"的全员信，再次向员工道 歉，并详细解释了自己写信的缘由和初衷。 俞敏洪首先向员工表达了歉意，写信时在南极，因此用了一些南极的描述和比喻，触发了一些员工的不 满，并没有要向大家炫耀在南极的意思，而是一直希望能够真诚和大家分享我的观点和情况。"一个愿 意和大家分享的老板，总比一个神秘的老板更加让员工放心和安心。" 对于用红色字体，俞敏洪也道歉。老一代人，红色基因很深。红色对于老一代人来说代表着喜庆和欢 庆，所以并没有别的意思。 对于"用员工的血汗钱旅游"的说法，俞敏洪认为这样的表达不妥，你在努力工作的同时，老板们也在拼 命努力，并承担更大的风险，确保公司的正常发展，为你提供工作保障，是互相成就、互相合作、双向 选择的过程。 11月18日晚，俞敏洪在社交平台发布视频疑似回应争议。 视频依然是其南极之旅的画面，不过其在画面中配文写道："这次应奚老师邀请来南极，在深刻感受大 自然壮美的同时，也一起探讨了未来中国孩子自然教育的前景，新东方将会成立专门的青少年探索中 心，带领孩子们探索大自然，用科学的方式让孩子们理解大自然，爱上大自然，保护大自然！专 ...

俞敏洪承认，这次到南极来，确实有一定的个人旅游的味道，但同时也是为了工作。奚志农老师邀请他过来，是为了就青少年自然探索教育的问题进行深 入探讨。这次在南极，还碰到了几位优秀的人才，都是做自然教育和探索的专家，未来有可能进入新东方工作。 俞敏洪表示，如果在新东方工作，并且没有放弃这份工作，就有责任维护新东方的发展和形象。如果工作中遇到不公平的待遇或者受到欺负，要尽量通过 内部渠道解决，也欢迎大家随时给其邮箱写信。 俞敏洪称，很多老师熬夜备课，"我相信我熬夜的时间一定不比你少，只不过我熬夜的工作内容和你有所不同"。 此前报道：《 俞敏洪回应"全员信争议"：明年将选10个左右员工去南极 》 原标题：《俞敏洪长文再回应内部信争议并道歉："用员工血汗钱旅游"说法不妥，老板也在拼命努力；此前被吐槽"老板在南极，员工在加班"》 来源：红星新闻综合 11月23日，据媒体报道，俞敏洪又写了一封主题为"让我们一起努力"的全员信，再次向员工道歉，并详细解释了自己写信的缘由和初衷。 俞敏洪首先向员工表达了歉意， 写信时在南极，因此用了一些南极的描述和比喻，触发了一些员工的不满，并没有要向大家炫耀在南极的意思，而是一 直希望能够真诚和 ...

记者丨黎雨桐 编辑丨吴桂兴 据每日经济新闻报道，11月23日，俞敏洪又写了一封主题为"让我们一起努力"的全员信，再次向员工道 歉，并详细解释了自己写信的缘由和初衷。 俞敏洪首先向员工表达了歉意，写信时在南极，因此用了一些南极的描述和比喻，触发了一些员工的不 满，并没有要向大家炫耀在南极的意思，而是一直希望能够真诚和大家分享我的观点和情况。"一个愿 意和大家分享的老板，总比一个神秘的老板更加让员工放心和安心。" 对于用红色字体，俞敏洪也道歉。老一代人，红色基因很深。红色对于老一代人来说代表着喜庆和欢 庆，所以并没有别的意思。 俞敏洪在南极 图/视频截图 此前，11月16日，新东方迎来成立32周年纪念日，创始人俞敏洪身处南极发布内部信，向全体员工及支 持者致谢。该文开篇即细致描绘"浩瀚的洁白、翡翠般的冰山"等南极景观，称当地"几乎24小时充满阳 光"的环境让他对"时间的力量与坚守的意义"有了更深感悟。 然而这封饱含"南极感悟"的信函并未收获预期的共鸣，有员工在社交媒体暗指老板的"远方"与员工 的"现场"形成鲜明对比。更直白的吐槽来自企业邮箱留言称，看到信中对南极风光的描述"只觉得讽 刺"。 11月18日晚，俞敏洪 ...

香港交易及結算所有限公司及香港聯合交易所有限公司（「香港聯交所」）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，並明確表示概不會就本公告全部或任何部分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。 NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC. 新 東 方 教 育 科 技（ 集 團 ）有 限 公 司 * （於開曼群島存續的有限公司） （股份代號：9901） 2025 年股東週年大會結果 我們謹此提述我們日期為2025年10月17日的股東週年大會通告（「股東週年大會通告」）。 我們欣然宣佈，股東週年大會通告所載的建議決議案已於2025年11月21日舉行的股東週 年大會上正式通過。除文義另有所指外，本公告所用詞彙與股東週年大會通告所載者具 有相同涵義。 隨附附表1為本公司於2025年11月21日發表的新聞稿全文，其公佈了2025年11月21日舉行 的股東週年大會結果。 於本公告日期，本公司董事會包括董事俞敏洪先生、周成剛先生及謝東螢先生；以及獨立董事李彥宏先生、 李廷斌先生及諸葛越博士。 * 僅供識別 1 附表1 新东方教育科技（集團）有限 ...

Core Points - The Hang Seng Index Company announced the results of the quarterly review for the Hang Seng Index series as of September 30, 2025, with changes to be implemented after market close on December 5, 2025, and effective from December 8, 2025 [1] Group 1 - Innovent Biologics has been included in the Hang Seng Index [1] - New Hope Energy, Haidilao, and New Oriental Education have been removed from the Hang Seng China Enterprises Index [1]

Core Points - The internal letter from Yu Minhong, founder of New Oriental, has sparked significant public backlash due to its perceived disconnect from employee concerns, particularly regarding work pressure and long hours [3][20] - Despite the controversy, New Oriental's stock price rose by 2.75% to $53.44 on the first trading day after the letter, although the stock has dropped 16.2% year-to-date and over 70% from its peak of $198.54 in 2021 [3][20] - New Oriental's net profit has plummeted by 73.7%, highlighting the company's financial struggles amid a talent crisis following the departure of key figures like Dong Yuhui and others [4][16] Company Overview - New Oriental has launched a new cultural tourism brand, aiming to diversify its business and leverage its existing educational resources [11][12] - The cultural tourism division has already established over 100 travel routes across 23 provinces, targeting K12 and university students [12] - The company reported a revenue of 3.3 billion yuan in 2023 for its tourism segment, with plans to expand into new areas such as cultural IP and hotel management [12] Financial Performance - For the fourth quarter of the 2025 fiscal year, New Oriental reported revenues of $1.24 billion, a year-on-year increase of 9.4%, but a net profit of only $710,000, down 73.7% [16] - The significant drop in net profit is attributed to rising costs, including a record goodwill impairment of $60.3 million [16] - The performance of Dong Yuhui's new venture, "With Hui Tongxing," has negatively impacted the sales and viewership of New Oriental's live-streaming business [19] Talent and Leadership Challenges - The departure of key influencers like Dong Yuhui has led to a strategic shift towards "de-IP" to reduce reliance on individual personalities [13][14] - The company is facing challenges in maintaining its competitive edge in the live-streaming e-commerce sector due to the loss of its star hosts [18][19] - New Oriental's leadership is attempting to adapt by focusing on building a more sustainable operational model rather than depending on high-profile individuals [13][14]

Core Insights - The core issue revolves around the disconnect between the company's leadership and its employees, highlighted by the contrasting experiences of the founder, Yu Minhong, who celebrated New Oriental's 32nd anniversary in Antarctica, while employees faced intense work pressure and declining morale [1][2][3]. Financial Performance - New Oriental's financial results for the fourth quarter of fiscal year 2025 showed a significant decline, with net profit dropping by 73.7% to $7.1 million, and core education business growth slowing from 43.9% to 13.6% [1][18]. - The company's net revenues increased by 9.4% to $1.24 billion, but operating income turned negative, resulting in an operating loss of $8.67 million [19]. Employee Sentiment - Employees expressed frustration over the leadership's lack of awareness regarding their work conditions, with one employee stating that the boss feels increasingly distant [3][20]. - The work environment has become more challenging, with increased performance pressure, reduced bonuses, and stricter attendance policies, leading to a sense of disillusionment among staff [2][3][4]. Cultural Dynamics - New Oriental has a culture that allows for employee feedback and criticism, which has historically been encouraged by Yu Minhong. However, this culture is now being tested as employees feel their voices are less impactful [10][12][20]. - The traditional camaraderie between employees and management is eroding, with employees feeling that their concerns are not being addressed, leading to a growing divide [20][21]. Leadership Actions - Yu Minhong's recent actions, such as his trip to Antarctica and the internal letter celebrating the company's history, have been perceived as tone-deaf in light of the current employee struggles [1][2][3]. - The company has attempted to maintain a public image of openness and humor, but this may not translate into meaningful change for employees facing real challenges [12][14].

Core Viewpoint - New Oriental's founder Yu Minhong's recent letter from Antarctica, themed "Perseverance in Ice and Snow," reflects on the company's journey and future aspirations, but it has sparked criticism for being out of touch with employees' realities [1][2] Group 1: Company Aspirations and Employee Sentiment - Yu Minhong envisions New Oriental as a "sower of hope," with Oriental Selection representing "the conscience of merchants," and New Oriental Culture and Tourism aiming to "help more people carry the world in their hearts" [1] - The letter, filled with idealistic sentiments, did not resonate as expected with employees, leading to mockery and criticism, highlighting a disconnect between management's vision and employees' current struggles [1][2] - Employees are facing significant pressures related to performance and personal finances, contrasting sharply with the founder's idealistic declarations from a luxurious location [2] Group 2: Communication and Management Challenges - The core issue is not the founder's presence in Antarctica during a challenging transformation but rather the need for effective communication between management and employees [2][3] - Employees desire discussions on how the company will address challenges and support their career development, rather than abstract idealistic statements [2] - There is a need for management to understand and respond to employees' real challenges, shifting focus from "I" to "we" to foster a more inclusive dialogue [3]