Core Points - The chairman of New Oriental, Yu Minhong, faced criticism from employees after sending an internal letter while traveling in Antarctica, which led to a disconnect between his experiences and the employees' realities [5][9] - The internal letter emphasized New Oriental's mission to be a "sower of hope" and highlighted the future vision for the company, including the establishment of a youth exploration center [7][10] - New Oriental is currently undergoing a critical transformation phase and is experiencing significant operational pressures, with a reported 73.7% drop in net profit to $7.1 million for Q4 of FY2025 [11] Financial Performance - For Q1 of FY2026, New Oriental reported a net revenue of $1.523 billion, a year-on-year increase of 6.1%, driven by new educational business growth [11] - The company expects Q2 FY2026 net revenue to be between $1.131 billion and $1.163 billion, with a growth rate of 9% to 12% [11] - Full-year net revenue projections for FY2026 are estimated to be between $5.1453 billion and $5.3903 billion, reflecting a growth rate of 5% to 10% [11]