Core Viewpoint - Oriental Selection's stock price has experienced a significant decline, nearly halving from its recent peak, amid various negative news and financial performance issues [1][3]. Stock Performance - On August 26, Oriental Selection's stock closed at HKD 28.08 per share, down 11.2%, following a 12.89% drop the previous day, marking a total decline of nearly 23% over two days [2]. - The stock reached a recent high of HKD 53.7 per share on August 19, but has since dropped significantly, closing at HKD 34.32 per share on that day with a volatility exceeding 45% [3]. Financial Performance - For the fiscal year ending May 31, 2025, Oriental Selection reported total revenue of CNY 4.392 billion, a year-on-year decrease of 32.7%, primarily due to reduced sales in self-operated products and live e-commerce [6]. - The net profit for the period was CNY 6.19 million, a substantial decline from CNY 249 million in the previous fiscal year. Excluding financial impacts from Huizhong, the net profit from continuing operations was CNY 135 million, reflecting a 30% year-on-year increase [6]. - Goldman Sachs has downgraded its GMV forecast for Oriental Selection for the fiscal years 2026 to 2027 by 1% to 3%, while raising revenue forecasts by up to 10% due to improved contributions from self-branded products [6]. Management and Corporate News - Recent rumors regarding the departure of former CEO Sun Dongxu have circulated, but the company clarified that he is on an extended leave and has not resigned [9]. - The company has faced various rumors and negative press, which have contributed to the stock's volatility [7].
东方甄选，连续暴跌