俞敏洪南极旅游发全员信引争议！员工称“只觉得讽刺”：老板在南极，员工在加班

Core Viewpoint - The internal letter from Yu Minhong, founder of New Oriental, while he was on a trip to Antarctica, has sparked mixed reactions among employees, highlighting a disconnect between leadership and staff experiences during a challenging time for the company [4][6][10]. Group 1: Company Overview - New Oriental was founded in 1993 by Yu Minhong, initially focusing on TOEFL and GRE training, and has since expanded into various educational services including study abroad consulting and online education [10]. - The company went public in 2006, becoming the first Chinese education institution listed in the U.S., and has faced significant challenges in recent years, including a sharp decline in stock price and market value [10]. Group 2: Recent Developments - The internal letter emphasized New Oriental's vision to be a "sower of hope" and highlighted the need for its subsidiary, Dongfang Zhenxuan, to represent "the conscience of merchants" [4]. - Despite the optimistic messaging, employees expressed frustration over their working conditions, with some feeling that the letter's tone was out of touch with their reality [6][10]. Group 3: Financial Performance - For the fourth quarter of fiscal year 2025, New Oriental reported a net profit drop of 73.7% to $7.1 million, primarily due to losses in the Dongfang Zhenxuan business and goodwill impairment [11]. - The company's revenue growth slowed significantly, with fiscal year 2025 revenue growth dropping from 43.9% to 13.6% [11]. - In the first quarter of fiscal year 2026, New Oriental reported net revenue of $1.523 billion, a year-on-year increase of 6.1%, driven by new educational business growth [11]. Group 4: Market Performance - As of November 17, New Oriental's stock in Hong Kong rose by 0.35% to HKD 41.48, with a market capitalization of HKD 656 billion [12]. - In the U.S. market, the stock fell by 1.8% to $52.31, with a market capitalization of $8.3 billion [13].