于东来：胖东来永不上市

Core Viewpoint - The company "胖东来" (Pang Dong Lai) will never go public and will maintain its school-like nature, as stated by its founder, 于东来 (Yu Donglai) [3]. Group 1 - Yu Donglai announced that the top management of Pang Dong Lai must retire before the age of sixty to ensure a youthful and dynamic team [3]. - The company has completed its planning sample goals and will cease expanding its business scale [3]. - Yu Donglai, who is turning sixty, will officially retire after the Chinese New Year and transition to an advisory role, with decision-making being handled by a committee [4]. Group 2 - In 2025, the total sales of the Pang Dong Lai group exceeded 23.531 billion yuan [4].