Core Viewpoint - There are rumors regarding the CEO of New Oriental Group, Yu Minhong's long-time partner, Zhou Chenggang, being investigated by regulatory authorities for allegedly misappropriating company interests through related-party transactions, although the company has labeled this as "pure rumors" [1] Company Performance - Oriental Selection is set to release its full-year results for the fiscal year ending May 31, 2025, on August 22 [1] - For the fourth quarter of fiscal year 2025, Oriental Selection reported revenues of $150 million, representing a year-on-year decline of approximately 30%, although the decline rate has narrowed quarter-on-quarter [1] - The Non-GAAP operating profit was approximately 79 million RMB, with an operating profit margin of about 7%, showing a quarter-on-quarter improvement [1] - The company has shown continuous improvement in profitability despite challenges such as the departure of key hosts and the separation from Hui Tongxing [1] Industry Insights - Guosen Securities highlighted the "Sam's paradigm" in the current consumer market, which is characterized by diversified supply, transparent information, and rational demand [1] - Companies that can offer high-cost performance products and have a mature membership system, such as Sam's Club, Haidilao, and Oriental Selection, are expected to have enhanced advantages in this market context [1] - Recent operational improvements at Oriental Selection, including successful expansion into new product categories and enhanced quality of self-operated business growth, are seen as evidence of the growth logic for such companies [1]