Core Insights - Oriental Selection (01797) reported an annual performance for the year ending May 31, 2025, with total revenue of approximately 4.392 billion yuan, a decrease of 37.9% year-on-year [1] - The profit attributable to the company's owners was 5.735 million yuan, reflecting a significant decline of 99.67% compared to the previous year [1] - Earnings per share stood at 0.01 yuan [1] Financial Performance - The net profit from continuing operations increased by 30.0% from 104 million yuan in the 2024 fiscal year to 135.4 million yuan in the 2025 fiscal year, excluding the financial impact of the sale of Hui Tong Hang [1] - The financial impact of the sale of Hui Tong Hang included one-time expenses and profits, which affected the overall profit figures [1]

Core Viewpoint - New Oriental Education Technology Group's CEO, Zhou Chenggang, is rumored to be under investigation for allegedly misappropriating company interests through related-party transactions, leading to a significant drop in the stock price of Oriental Selection [1][4]. Group 1: Stock Market Reaction - Following the rumors, Oriental Selection's stock price fell by 20.89% to HKD 34.32, after previously reaching a two-year high of HKD 53.7, which represented a gain of over 23.5% [1][4]. Group 2: Company Response - New Oriental's founder, Yu Minhong, labeled the rumors as "complete nonsense" and stated that the company has initiated legal proceedings against the false claims [3][4]. - Oriental Selection issued a statement denying the allegations and confirmed that the average commission rate is below 20%, contrary to claims that it has been over 30% [6][9]. Group 3: Regulatory Context - The rumors surfaced amid concerns regarding potential regulatory changes affecting the live-streaming sales industry, which could impact Oriental Selection's business model if high commission rates are restricted [8].

Key Points - The implementation of new personal pension withdrawal scenarios starting September 1 aims to enhance the accessibility of pension funds for individuals facing specific financial burdens [2] - The Ministry of Finance reported a 20.7% year-on-year increase in stamp duty revenue from January to July, with securities transaction stamp duty rising by 62.5% [2] - The Shanghai Municipal Government has released a plan to accelerate the development of "AI + manufacturing," focusing on deploying industrial robots in high-risk work environments to improve efficiency and safety [4] - The National Development Bank issued loans totaling 385 billion yuan to advanced manufacturing and strategic emerging industries, marking a 51.3% increase year-on-year [4] - The Guangdong Provincial Government has introduced policies to support the high-quality development of commercial aerospace, including satellite constellation construction and providing a "green channel" for project approvals [4] - The Hainan Free Trade Port has optimized its personal income tax incentive policies for high-demand talent, aiming to support the development of the aerospace industry [5] - JD.com has surpassed 150,000 full-time delivery riders, with the company covering all social insurance costs, averaging about 2,000 yuan per rider per month [6] - The stock price of Oriental Selection experienced a significant drop of 20.89% following rumors regarding its CEO, despite company officials denying the claims [6]