“老板在南极，员工在加班”，俞敏洪南极旅游发全员信引争议

Core Viewpoint - The internal letter from Yu Minhong, founder of New Oriental, while expressing gratitude to employees, has sparked controversy as employees feel disconnected from the founder's experience in Antarctica during a time of significant work pressure [4][6][9]. Group 1: Company Background - New Oriental was founded in 1993 by Yu Minhong, starting from a small classroom and expanding into a major educational institution, becoming the first Chinese education company to be listed on the New York Stock Exchange in 2006 [9]. - The company has diversified its services to include study abroad consulting, preschool education, and online education, but has faced significant challenges in recent years, leading to a substantial decline in stock price and market value [9][10]. Group 2: Recent Developments - As of the fourth quarter of the 2025 fiscal year, New Oriental reported a 73.7% drop in net profit to $7.1 million, primarily due to losses in the Oriental Selection business and goodwill impairment [10]. - The company’s revenue growth has slowed, with a decrease from 43.9% in the previous fiscal year to 13.6% [10]. - For the first quarter of the 2026 fiscal year, New Oriental reported net revenue of $1.523 billion, a year-on-year increase of 6.1%, driven by new educational business growth [10]. Group 3: Market Performance - On November 17, New Oriental's stock in Hong Kong rose by 0.35% to HKD 41.48, with a market capitalization of HKD 65.6 billion [10]. - In the U.S. market, New Oriental's stock fell by 1.8% to $52.31, with a market capitalization of $8.3 billion [11].