Market Performance - The three major U.S. stock indices collectively rose, with the Dow Jones up 0.6%, S&P 500 up 1%, and Nasdaq up 1.32% [1] - The Philadelphia Semiconductor Index surged over 3%, with notable gains from companies like Supermicro (up over 8%) and Kioxia (up over 6%) [2] Technology Sector Highlights - Apple officially launched its M5 chip, which utilizes a third-generation 3nm process, achieving over four times the peak performance in AI computing compared to the previous M4 chip [2] - The M5 chip is now integrated into the new 14-inch MacBook Pro, iPad Pro, and Apple Vision Pro, with pre-orders already open [2] Chinese Stocks Performance - The Nasdaq Golden Dragon China Index rose over 2%, with significant increases from New Oriental and WeRide, both up over 7% [3] - Major Chinese tech stocks like Alibaba, JD.com, and Baidu also saw gains of over 2% [3] Commodity Market - Spot gold prices exceeded $4,210 per ounce, marking a new historical high with a year-to-date increase of over 60% [5] - Spot silver prices broke through $53 per ounce, also reaching a new historical high [5] Cryptocurrency Market - Bitcoin rose to $113,451.1, with a 24-hour increase of 1.35%, while Ethereum reached $4,202.2, up 5.18% in the same period [6]

Group 1 - The core idea emphasizes the importance of founder's personal brand (IP) in influencing stock price fluctuations and investor perception, highlighting that it is a necessary aspect of business strategy rather than an optional one [2][4] - Building a founder's IP begins with identifying content positioning that resonates with investors, focusing on how the founder navigates the company through cycles rather than just showcasing past successes [2] - The choice of communication channels is crucial; high-end interviews are more effective for establishing authority compared to fragmented social media interactions [2] Group 2 - During crises, the performance of a founder's IP serves as a critical test, as demonstrated by Haidilao's management response to a hygiene scandal, which showcased accountability and transparency [3] - The creation of a founder's IP is not merely about exposure; it requires alignment with the company's strategic execution to avoid disconnects that can lead to reputational damage, as seen in the case of LeEco's founder [3] - A systematic approach to building a founder's IP is provided by the "Chief IPO" program, which focuses on deep dialogues to extract and present the founder's vision and resilience effectively [3] Group 3 - The essence of the capital market is trust, and when financial data becomes similar across companies, the thought leadership of founders becomes a key differentiator [4] - Establishing trust through professional content, amplifying influence through authoritative platforms, and solidifying image through crisis communication are identified as the correct pathways for building a public company's founder IP [4]

Core Viewpoint - New Oriental Education & Technology Group (NYSE: EDU) continues to struggle following a disappointing earnings report in early 2025, indicating ongoing challenges in the educational services sector in China [1]. Company Summary - New Oriental Education & Technology Group is a provider of educational services in China, facing difficulties in recovering from a downturn experienced earlier in the year [1].

Core Viewpoint - New Oriental Education & Technology Group (09901.HK) will hold a board meeting on October 27, 2025, to approve its unaudited financial results for the three months ending August 31, 2025 [1] Group 1 - The unaudited financial results will be published on October 28, 2025, before the U.S. market opens [1] - A conference call to discuss the financial results will take place on October 28, 2025, at 8 PM Hong Kong time [1] - Company management will participate in the conference call to discuss the results and answer questions [1]

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） 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。 在會議開始前10分鐘內，您可以使用預先註冊時收到的確認電子郵件中提供的與會資訊 （包括撥入號碼及個人識別碼）。 1 （股份代號：9901） 董事會會議日期 董事會會議日期 New Oriental Education & Technology Group Inc.新東方教育科技（集團）有限公司*（「本公 司」）董事（「董事」）會（「董事會」）謹此公佈，董事會將於2025年10月27日（星期一）舉行會 議，藉以（其中包括）審批本公司截至2025年8月31日止三個月的未經審核業績（「業績」） 及其發佈。 我們將於 2025 年 10 月 28 日（星 期 二）（紐 約 時 間）美 國 市 場 開 市 前 在 香 ...

Core Viewpoint - The Nasdaq China Golden Dragon Index increased by 0.87% on October 9, indicating a positive trend in the performance of popular Chinese concept stocks [1] Company Performance - NIO saw a rise of over 4% [1] - New Oriental experienced an increase of over 3% [1] - Bilibili and Xpeng Motors both rose by over 2% [1] - iQIYI, however, declined by over 2% [1]

(2) 海外业务表现优于预期。管理层指引8月季度及2026财年海外收入将录得中个位数百分比跌幅，但非 美/英咨询及其他相关服务(占咨询收入约60%)增长有望超预期，部分抵消美国(双位数跌幅)与英国(温和 下跌)业务衰退。 美银证券发布研报称，将新东方-S(09901,EDU.US)2026至2027财年非通用会计准则每股盈利预测上调 4%及5%，主因海外业务收入跌幅少于预期且利润率提升。将目标价上调5%至45.4港元；新东方 (EDU.US)美股目标价升至58.2美元，重申"买入"评级。 基于下列潜在催化剂： (1) 股东回报潜在提升。考量公司持有48亿美元充裕现金及强劲自由现金流生成能力(2026至2028财年预 估达5亿至7亿美元)，当前派息比率相当于净利润50%(2025财年净利3.71亿美元)仍有大幅提升空间。若 实现100%派息率，2026财年股息率将达4.5%。 (4)利润率韧性显现。成本管控、K12与东方甄选利润率改善，加上文旅业务亏损缩窄，可望抵销海外业 务利润率压力，推动2026财年非通用会计准则营运利润率扩张。 (3) K9业务重新加速。受课程排期调整、重点城市线下服务暂停及地方小型机构价 ...

Core Viewpoint - Bank of America Securities has raised the target price for New Oriental-S (09901) to HKD 45.4, citing potential catalysts on the horizon, including improved overseas business performance and increased profit margins [1] Group 1: Earnings Forecast and Target Price Adjustment - The non-GAAP earnings per share forecast for the fiscal years 2026 to 2027 has been increased by 4% and 5% respectively, primarily due to a smaller-than-expected decline in overseas business revenue and improved profit margins [1] - The target price for New Oriental's U.S. stock has been raised to USD 58.2, maintaining a "Buy" rating [1] Group 2: Potential Catalysts - Shareholder returns are expected to improve, considering the company holds USD 4.8 billion in cash and has strong free cash flow generation capabilities projected to reach USD 500 million to USD 700 million from fiscal years 2026 to 2028. The current dividend payout ratio is equivalent to 50% of net profit, with significant room for increase. A 100% payout ratio in fiscal year 2026 would yield a dividend yield of 4.5% [2] - Overseas business performance is anticipated to exceed expectations, with management guiding for a single-digit percentage decline in overseas revenue for the August quarter and fiscal year 2026. Non-U.S./U.K. consulting and related services, which account for about 60% of consulting revenue, are expected to grow, partially offsetting declines in the U.S. (double-digit decline) and U.K. (moderate decline) [2] - The K9 business is expected to accelerate again, despite a potential slowdown in revenue growth for the August quarter due to course scheduling adjustments and competition from local small institutions. Growth is expected to resume in the November quarter as these negative factors dissipate [2] - Profit margin resilience is evident, with cost control measures, improved margins in K12 and Dongfang Zhenxuan, and a reduction in losses from the cultural tourism business expected to offset pressure on overseas business profit margins, driving an expansion in non-GAAP operating profit margins for fiscal year 2026 [2]

Core Viewpoint - Bank of America Securities has raised New Oriental's non-GAAP earnings per share forecast for the fiscal years 2026 to 2027 by 4% and 5% respectively, primarily due to a smaller-than-expected decline in overseas business revenue and an improvement in profit margins [1] Summary by Categories - **Earnings Forecast** - The non-GAAP earnings per share forecast for New Oriental for fiscal years 2026 and 2027 has been increased by 4% and 5% respectively [1] - **Revenue and Profitability** - The main reason for the earnings forecast adjustment is the overseas business revenue decline being less than anticipated, along with an increase in profit margins [1] - **Target Price Adjustment** - The target price for New Oriental's H-shares has been raised to 45.4 HKD, and the target price for its US shares has been increased to 58.2 USD [1] - **Investment Rating** - Bank of America Securities has reiterated a "Buy" rating for New Oriental [1] - **Potential Catalysts** - Potential catalysts for the stock include increased shareholder returns, better-than-expected performance in overseas business, a renewed acceleration in K9 business, and resilience in profit margins [1]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603110 证券简称：东方材料 公告编号：2025-064 新东方新材料股份有限公司 关于召开2025年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ●会议召开时间：2025 年10 月16 日（星期四）下午13:00-14:00 ●会议召开地点：上海证券交易所上证路演中心（网址：http://roadshow.sseinfo.com/） ●会议召开方式：上证路演中心网络互动 ●投资者可于2025 年10 月9日（星期三）至10 月15日（星期三）16:00前登录上证路演中心网站首页点 击"提问预征集"栏目或通过公司邮箱：ir@chinaneweast.com进行提问。公司将在说明会上对投资者普遍 关注的问题进行回答。 新东方新材料股份有限公司（以下简称"公司"）已于2025年8月28日发布公司2025 年半年度报告，为便 于广大投资者更全面深入地了解公司2025年半年度经营成果、财务状况，公司计划于2025年10月16日 ...