When asked whether he felt any pressure in the face of the decline in New Oriental's stock price, Yu Minhong said: "It's not a big pressure. After all, the fall in stock price only reduces the market value and does not mean that the company's cash decreases. Of course, shareholde

China Economic Weekly - Economic Network News On June 27, New Oriental founder Yu Minhong posted an article "Lao Yu Xiahua丨Business is the engine of the prosperity of human society" on his personal public account "Lao Yu Xiahua". Yu Minhong shared the transcript of a live conversation with and Liu Run, founder of Runmi Consulting, in May.

When asked whether he felt any pressure in the face of New Oriental's stock price falling, Yu Minhong said: "It's not a big pressure. After all, the stock price fell only because the market value decreased, and it did not mean that the company's cash decreased. Of course, shareholders are under pressure. , shareholders will also put greater pressure on me.”

At the same time, he also said, “I don’t care much about the loss of personal assets. I am relatively frugal and don’t have any luxuries. A bowl of Lanzhou Ramen is enough. It makes me happy. I spend more money on buying books. From my personal point of view, even if New Oriental is gone, my personal life will still be very good. I can still get annual royalties and royalties for the books I write. A lot of money, enough to support the family and live a comfortable life.”

New media editor: He Yingxi