Core Viewpoint - The letter from the founder of New Oriental, Yu Minhong, celebrating the company's 32nd anniversary while he is in Antarctica, has sparked controversy among employees who feel disconnected from the message due to their ongoing work pressures and the disparity between their realities and the founder's luxurious trip [1][3]. Group 1: Employee Reactions - Employees have expressed feelings of sarcasm and disconnection regarding the letter, particularly noting that while the founder describes the beauty of Antarctica, they are working overtime and facing performance pressures [3]. - Some employees have criticized the letter for its lack of acknowledgment of their hard work and the challenges they face, suggesting that a message about overtime pay would have been more appropriate [3]. - The stark contrast between the high costs of a trip to Antarctica and the financial pressures faced by ordinary employees has further fueled the negative reception of the letter [3]. Group 2: Company Performance - Since the implementation of the "double reduction" policy in 2021, New Oriental has been forced to transform its business model, discontinuing K9 subject tutoring services that previously accounted for 69% of its total revenue [9]. - New Oriental has attempted to pivot towards new business areas such as live e-commerce and cultural tourism, but these efforts have not yet compensated for the loss of revenue from its core education services [9]. - Financial results indicate a significant decline in profitability, with a 73.7% drop in net profit to $7.1 million in the fourth quarter of fiscal year 2025, primarily due to losses from the Oriental Selection business and goodwill impairment [9].

Core Points - The founder of New Oriental, Yu Minhong, sent an internal letter from Antarctica on the company's 32nd anniversary, expressing gratitude to employees and supporters while reflecting on the significance of time and perseverance [1][3] - The letter emphasized New Oriental's mission to be a "sower of hope" and positioned Dongfang Zhenxuan as a representative of "business conscience" [1] - The company is currently undergoing a critical transformation phase and is facing significant operational pressures, with a reported 73.7% drop in net profit to $7.1 million for Q4 of fiscal year 2025, primarily due to the underperformance of Dongfang Zhenxuan and goodwill impairment [7] Employee Reactions - The internal letter did not resonate as expected with employees, leading to comments on social media that highlighted the contrast between the founder's vacation and the employees' work environment [3][5] - Observations noted that the letter frequently mentioned "I" 17 times and "Antarctica" 5 times, while largely neglecting the current work pressures faced by employees [5] Financial Performance - New Oriental's core education business has shown a declining growth rate, with revenue growth dropping from 43.9% in the previous fiscal year to 13.6% in fiscal year 2025 [7] - The company is still awaiting a response from Yu Minhong or New Oriental regarding the controversy surrounding the internal letter [8]

Core Insights - New Oriental celebrated its 32nd anniversary on November 16, with founder Yu Minhong expressing gratitude to employees and supporters from Antarctica, emphasizing themes of perseverance and future vision [1][3] - The internal letter aimed to position New Oriental as a "sower of hope" and to establish Dongfang Zhenxuan as a representative of "merchant conscience" [3] Employee Reactions - The internal letter received mixed reactions, with some employees feeling disconnected from Yu's Antarctic experience, leading to discussions on social media about the disparity between the leadership's situation and employees' work pressures [5][6][8] - Employees expressed feelings of irony regarding the letter's content, as many were still working late on the anniversary, highlighting a lack of empathy from leadership [6][7] Company Background - New Oriental was founded in 1993 and became the first Chinese education institution to be listed on the New York Stock Exchange in 2006, expanding into various sectors including study abroad consulting and online education [8] - The company has faced significant challenges in recent years, including a sharp decline in stock price and market value, prompting a shift towards live-streaming e-commerce and diversification into cultural tourism [8] Financial Performance - For the fourth quarter of fiscal year 2025, New Oriental reported a net profit drop of 73.7% to $7.1 million, primarily due to losses from Dongfang Zhenxuan and goodwill impairment [9] - The company's revenue growth slowed significantly, with fiscal year 2025 revenue growth dropping from 43.9% to 13.6% [9] - In the first quarter of fiscal year 2026, New Oriental's net revenue was $1.523 billion, a 6.1% year-over-year increase, driven by new educational business growth [9] - The company projects second-quarter fiscal year 2026 net revenue between $1.132 billion and $1.163 billion, with an expected year-over-year growth rate of 9% to 12% [9] Market Performance - On November 17, New Oriental's stock in Hong Kong rose by 0.35% to HKD 41.48, with a market capitalization of HKD 65.6 billion [10] - In the U.S. market, New Oriental's stock fell by 1.24% to $53.27, with a market capitalization of $8.373 billion [12]

Core Points - The event is a specialized job fair for university students in Zhengzhou, organized by the Jinshui District Human Resources and Social Security Bureau and the Dongfeng Road Street Office on November 22, 2023 [1] - The job fair targets various urgent employment groups, including young talents, high-level talents, recent graduates, and unemployed youth [1] - Over 11,000 job positions will be available across multiple industries, including finance, biochemistry, environmental technology, education, manufacturing, and more [1] Industry Summary - The participating companies span diverse sectors such as finance, biochemistry, environmental technology, education, mechanical manufacturing, precision electronics, digital intelligence, tourism, cultural media, law, building materials, and food [1] - Job positions will cover a wide range of professional categories, focusing on software development, management trainees, new media operations, e-commerce, foreign trade, technical research and development, project management, administration, design, finance, engineering, broadcasting, law, marketing, and internships [1] Event Details - The job fair will take place on November 22, 2023, from 9:00 AM to 12:00 PM at the first floor hall of Zhihui City [1] - The venue is accessible via the subway line 7, with specific directions provided for attendees [1] - Additional features at the event include a recruitment area, a company display area, and mobile options for resume submission [1]

记者丨刘雪莹 编辑丨江佩霞 "老板在南极，员工在加班。"这是不少网友在看到俞敏洪的最新全员信后的第一反应。 11月16日，新东方迎来成立32周年纪念日，创始人俞敏洪身处南极发布内部信，向全体员工及支持者致 谢。该文开篇即细致描绘"浩瀚的洁白、翡翠般的冰山"等南极景观，称当地"几乎24小时充满阳光"的环 境让他对"时间的力量与坚守的意义"有了更深感悟。 新东方仍处于转型关键期，面临着现实经营压力。据2025财年第四季度财报显示，其净利润骤降73.7% 至710万美元，主要受东方甄选业务拖累及商誉减值影响。此外，核心教育业务增速逐季放缓，2025财 年营收增速从上一财年的43.9%降至13.6%。（） （声明：文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。） SFC 出品 | 21财经客户端 21世纪经济报道 21君荐读 然而这封饱含"南极感悟"的信函并未收获预期的共鸣，有员工在社交媒体暗指老板的"远方"与员工 的"现场"形成鲜明对比。更直白的吐槽来自企业邮箱留言称，看到信中对南极风光的描述"只觉得讽 刺"。 亲爱的老板 此刻,我现在正在晚八点 半下课的地铁上。十个小 时的课程是折磨的、享受 周末快 ...

记者丨刘雪莹 编辑丨江佩霞 "老板在南极，员工在加班。" 这是不少网友在看到俞敏洪的最新全员信后的第一反应。 11月16日，新东方迎来成立32周年纪念日，创始人俞敏洪身处南极发布内部信，向全体员工及 支持者致谢。该文开篇即细致描绘"浩瀚的洁白、翡翠般的冰山"等南极景观，称当地"几乎24 小时充满阳光"的环境让他对"时间的力量与坚守的意义"有了更深感悟。 然而这封饱含"南极感悟"的信函并未收获预期的共鸣，有员工在社交媒体暗指老板的"远方"与 员工的"现场"形成鲜明对比。更直白的吐槽来自企业邮箱留言称，看到信中对南极风光的描述 "只觉得讽刺" 。 截至发稿，新东方官方及俞敏洪本人尚未对相关争议作出回应。 新东方仍处于转型关键期，面临着现实经营压力。据2025财年第四季度财报显示，其净利润骤 降73.7%至710万美元，主要受东方甄选业务拖累及商誉减值影响。此外，核心教育业务增速 逐季放缓，2025财年营收增速从上一财年的43.9%降至13.6%。（ 详情 ） （声明：文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。） 出品 | 2 1财经客户端 2 1世纪经济报道 道指大跌超500点，多数中概股下跌， ...

Core Viewpoint - The internal letter from Yu Minhong, founder of New Oriental, while expressing gratitude to employees, has sparked controversy as employees feel disconnected from the founder's experience in Antarctica during a time of significant work pressure [4][6][9]. Group 1: Company Background - New Oriental was founded in 1993 by Yu Minhong, starting from a small classroom and expanding into a major educational institution, becoming the first Chinese education company to be listed on the New York Stock Exchange in 2006 [9]. - The company has diversified its services to include study abroad consulting, preschool education, and online education, but has faced significant challenges in recent years, leading to a substantial decline in stock price and market value [9][10]. Group 2: Recent Developments - As of the fourth quarter of the 2025 fiscal year, New Oriental reported a 73.7% drop in net profit to $7.1 million, primarily due to losses in the Oriental Selection business and goodwill impairment [10]. - The company’s revenue growth has slowed, with a decrease from 43.9% in the previous fiscal year to 13.6% [10]. - For the first quarter of the 2026 fiscal year, New Oriental reported net revenue of $1.523 billion, a year-on-year increase of 6.1%, driven by new educational business growth [10]. Group 3: Market Performance - On November 17, New Oriental's stock in Hong Kong rose by 0.35% to HKD 41.48, with a market capitalization of HKD 65.6 billion [10]. - In the U.S. market, New Oriental's stock fell by 1.8% to $52.31, with a market capitalization of $8.3 billion [11].

Core Viewpoint - The internal letter from Yu Minhong, founder of New Oriental, while he was on a trip to Antarctica, has sparked mixed reactions among employees, highlighting a disconnect between leadership and staff experiences during a challenging time for the company [4][6][10]. Group 1: Company Overview - New Oriental was founded in 1993 by Yu Minhong, initially focusing on TOEFL and GRE training, and has since expanded into various educational services including study abroad consulting and online education [10]. - The company went public in 2006, becoming the first Chinese education institution listed in the U.S., and has faced significant challenges in recent years, including a sharp decline in stock price and market value [10]. Group 2: Recent Developments - The internal letter emphasized New Oriental's vision to be a "sower of hope" and highlighted the need for its subsidiary, Dongfang Zhenxuan, to represent "the conscience of merchants" [4]. - Despite the optimistic messaging, employees expressed frustration over their working conditions, with some feeling that the letter's tone was out of touch with their reality [6][10]. Group 3: Financial Performance - For the fourth quarter of fiscal year 2025, New Oriental reported a net profit drop of 73.7% to $7.1 million, primarily due to losses in the Dongfang Zhenxuan business and goodwill impairment [11]. - The company's revenue growth slowed significantly, with fiscal year 2025 revenue growth dropping from 43.9% to 13.6% [11]. - In the first quarter of fiscal year 2026, New Oriental reported net revenue of $1.523 billion, a year-on-year increase of 6.1%, driven by new educational business growth [11]. Group 4: Market Performance - As of November 17, New Oriental's stock in Hong Kong rose by 0.35% to HKD 41.48, with a market capitalization of HKD 656 billion [12]. - In the U.S. market, the stock fell by 1.8% to $52.31, with a market capitalization of $8.3 billion [13].

Core Points - The founder of New Oriental, Yu Minhong, celebrated the company's 32nd anniversary from Antarctica, emphasizing themes of perseverance and hope in his internal letter to employees [2][4] - The letter aimed to inspire employees by reflecting on the company's journey and future vision, positioning New Oriental as a "sower of hope" and promoting its various business segments [2][4] - The internal communication sparked controversy among employees, with some expressing feelings of disconnect between the founder's vacation and their ongoing work pressures [4][7] Company Performance - New Oriental's financial performance shows significant challenges, with a 73.7% drop in net profit to $7.1 million for the fourth quarter of fiscal year 2025, primarily due to losses in the Oriental Selection business and goodwill impairment [7] - The company's revenue growth has slowed, with fiscal year 2025 revenue growth decreasing from 43.9% to 13.6% [7] - For the first quarter of fiscal year 2026, New Oriental reported net revenue of $1.523 billion, a 6.1% year-over-year increase, driven by new educational business initiatives, although net profit attributable to shareholders fell by 1.9% to $241 million [7]

Core Viewpoint - The internal letter from the founder of New Oriental, Yu Minhong, delivered from Antarctica, aimed to celebrate the company's 32nd anniversary and inspire employees, but it sparked controversy due to the stark contrast between the founder's location and the employees' working conditions [3][5]. Summary by Sections Company Overview - New Oriental is celebrating its 32nd anniversary, with Yu Minhong reflecting on the company's journey and future aspirations in his letter [3]. - The company aims to position itself as a "sower of hope" and represent "the conscience of merchants" through its various business segments [3]. Employee Sentiment - The letter received mixed reactions from employees, with some expressing feelings of disconnect and frustration over the founder's vacation while they were working late [5][8]. - Employees noted the irony in the founder's descriptions of the Antarctic scenery, contrasting it with their own challenging work conditions [5][8]. Financial Performance - New Oriental is currently undergoing a critical transformation phase, facing significant operational pressures [8]. - The financial report for Q4 of fiscal year 2025 showed a 73.7% drop in net profit to $7.1 million, primarily due to the underperformance of the Oriental Selection business and goodwill impairment [8]. - Revenue growth for the core education business has slowed, with fiscal year 2025 revenue growth decreasing from 43.9% to 13.6% [8]. - The unaudited financial report for Q1 of fiscal year 2026 indicated net revenue of $1.523 billion, a 6.1% year-over-year increase, driven by new educational business segments [8].