Core Viewpoint - The internal letter from Yu Minhong, founder of New Oriental, has sparked controversy due to its perceived lack of empathy towards employees facing work pressure while he is on a trip to Antarctica [2][4][5]. Group 1: Company Performance - New Oriental's net profit for the first quarter of the 2026 fiscal year decreased by 1.92% compared to the previous year [11]. - In the fourth quarter of the 2025 fiscal year, New Oriental reported revenue of 8.808 billion yuan, a year-on-year increase of 9.37%, but net profit fell by 73.68% [9]. - The revenue growth rate for the core education business has slowed, dropping from 43.9% in the previous fiscal year to 13.6% [9]. Group 2: Employee Sentiment - Employees expressed frustration over the internal letter, feeling disconnected from the leadership's experiences, particularly when Yu Minhong highlighted his trip to Antarctica while they were working late [5][6]. - Some employees criticized the letter as a display of insensitivity, with comments reflecting their struggles and contrasting their hard work with the founder's vacation [6][7]. Group 3: Market Reaction - On November 18, New Oriental's stock fell by 2.17% in the Hong Kong market, marking a decline in four out of the last five trading days [13]. - The company's stock in the U.S. has also seen a continuous decline over four trading days as of November 17 [13]. Group 4: Business Challenges - The financial performance of Oriental Selection, a subsidiary controlled by Yu Minhong, saw a drastic net profit drop of 99.67%, amounting to only 5.735 million yuan for the 2025 fiscal year [10]. - New Oriental is currently navigating a critical transformation period, facing ongoing operational pressures [9].
俞敏洪贺信翻车被指“无法共情” 新东方股价四连跌陷增收不增利