俞敏洪道歉：“用员工血汗钱旅游”说法不妥，老板也在拼命努力

Core Viewpoint - The letter from Yu Minhong, titled "Let's Work Hard Together," expresses apologies to employees and clarifies his intentions behind the letter, which was written during his trip to Antarctica [1][4]. Group 1: Apology and Intentions - Yu Minhong apologized to employees for any misunderstandings caused by his letter, emphasizing that he did not intend to boast about his trip to Antarctica but rather to share his thoughts sincerely [4]. - He acknowledged that his use of red font in the letter was a cultural reference, not meant to convey any other meaning [4]. - Yu Minhong addressed the criticism regarding the perception of using employees' hard-earned money for travel, stating that both employees and management are working hard and taking risks for the company's success [4]. Group 2: Context of the Trip - The trip to Antarctica had both personal and professional elements, as he was invited to discuss youth natural exploration education [4]. - During the trip, he met several experts in natural education, who may potentially join New Oriental in the future [4]. Group 3: Employee Reactions - The letter did not resonate as intended with some employees, who expressed dissatisfaction on social media, highlighting the contrast between Yu Minhong's experience and their own [6]. - Some employees found the descriptions of the Antarctic scenery in the letter to be ironic given their circumstances [6]. Group 4: Company Background and Financial Performance - New Oriental, founded in 1993, has undergone significant transformations, including a shift to live streaming and diversification into various educational services [10]. - The company is currently facing operational pressures, with a reported 73.7% drop in net profit to $7.1 million for the fourth quarter of fiscal year 2025, largely due to challenges in its core education business [10]. - The first quarter of fiscal year 2026 showed a net revenue of $1.523 billion, a 6.1% year-over-year increase, driven by new educational business growth [11]. Group 5: Market Performance - As of November 21, 2023, New Oriental's stock in the Hong Kong market has seen a decline of 4.39%, with a market capitalization of 619 billion HKD [11]. - In the U.S. market, New Oriental's stock rose by 0.92% to $51.65, with a market capitalization of $8.2 billion [12].