On Tuesday (June 14), and the three major U.S. stock indexes closed with mixed gains. As of the close, the Dow Jones Index fell 0.50% to 30364.83; the Nasdaq Composite Index rose 0.18% to 10828.35 points; the S&P 500 Index fell 0.38% to 3735.48 points.
Large technology stocks had mixed gains and losses, (arranged by market value) apple rose 0.67%, Microsoft rose 0.92%, Google rose 0.30%, Amazon fell 1.31%, and Meta fell 0.32%.
Most new energy vehicle stocks closed up, Tesla rose 2.39%, Lucid rose 1.78%, and Rivian rose 1.83%.
Most of the popular Chinese concept stocks closed up sharply, and New Oriental rose by more than 24%. Pinduoduo closed up about 12%, Baidu closed up nearly 6.8%, JD.com closed up nearly 6.1%, and NetEase rose nearly 3.8%. New Oriental, which bucked the market trend and rose more than 5% on Monday, closed up more than 24%, NetEase Youdao rose more than 20%, NIO rose more than 16%, Gaotu Education rose more than 15%, Li Auto rose nearly 11%, TAL Future rose by more than 10%, Bilibili rose by nearly 10%, Xpeng Motors rose by more than 7%, Alibaba rose by nearly 7%, Tencent Music rose by nearly 5%, Tencent Pink List and Weibo rose by more than 7%. 2%.
New Oriental continued to rise
html On the evening of June 14, the White House suddenly stated that the United States was ready to fight inflation and was discussing some "irresponsible" tariffs imposed by former President Trump .Stimulated by this news, Chinese concept stocks rose sharply, with the Nasdaq China Golden Dragon Index rising 6.88% to close at 7321.40 points.
New Oriental rose again. opened and rose nearly 10%. It continued to rise during the session and by the close, it rose by more than 24%. This is the third consecutive trading day for New Oriental to rise sharply. In the past three trading days, New Oriental has risen by more than 40%.
Recently, the live broadcast circle has been "rolled" to a new height by New Oriental Selection.
"How do you say 'Original cutting' for original cut steak? How do you say 'Original cutting' when ordering a steak if you don't like raw food and want the meat to be cooked? You can tell me, 'Medium well'..." A New Oriental teacher with a huge reserve of knowledge and excellent language expression skills They found a new way to "open up the pattern" of New Oriental's live broadcast delivery.
is learning English while watching live broadcasts to buy things. The new Eastern style of live streaming has created a screen-swiping effect in a very short time. Third-party data platforms show that the GMV (gross merchandise transaction volume) of New Oriental Online ’s Oriental Selection Douyin live broadcast room exceeded 20 million yuan in a single day on June 11.
At the same time, New Oriental’s live broadcast brand Oriental Selection is urgently recruiting talents for bilingual anchors, English anchors, Douyin customer service, short video editors, operations directors and other positions.
Among them, the salary package of bilingual anchors is the most enviable. Information related to BOSS's direct recruitment of shows that the current salary package for Oriental Selection bilingual anchors is 50,000-60,000 yuan per month.
Still suffering huge losses
Although the transformation has been successful, New Oriental, as the leader in the education and training industry, is still suffering huge losses.
The performance report for the third quarter of fiscal year 2022 shows that as of the end of February this year, New Oriental (EDU.US) had net revenue of US$614 million, a year-on-year decrease of 48.4%; net loss attributable to shareholders was US$122 million, compared with net profit of US$151 in the same period last year. billion, a year-on-year decrease of 180.9%. In the first three quarters, New Oriental's net revenue was US$2.581 billion, a year-on-year decrease of 15.8%; the net loss attributable to shareholders was US$998 million, compared with a net profit of US$380 million in the same period last year, a year-on-year decrease of 362.8%.
Yu Minhong said that although the company is in the stage of business restructuring, new businesses and initiatives are showing positive and good growth momentum. Revenue from New Oriental's remaining main businesses—overseas examination preparation and overseas consulting business—increased 15% year-on-year, while domestic examination preparation business for adults and college students climbed approximately 59% year-on-year.
The semi-annual report of Hong Kong-listed New Oriental Online showed that as of November 30, 2021, New Oriental Online's total revenue was 574 million yuan, a year-on-year decrease of 15.3%; the net loss was 544 million yuan, and the loss also decreased by 19.3% year-on-year.
In the financial report, New Oriental Online stated that during the reporting period and in the foreseeable future, the company's business includes five major categories: university education, overseas examination preparation, institutional cooperation, live broadcast business business, and educational intelligent hardware products, but it did not disclose the live broadcast business business specific revenue data.
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