Per editor: Zhang Jinhe
According to Xinhuanet Finance on September 22, on September 21, Yu Minhong talked about Oriental selection and publicly thanked Dong Yuhui in the sharing of public courses.
Yu Minhong said: "Today I am also grateful to Yuhui, Yuhui and my personal communication and feelings are also very good, people should be grateful, this is for sure." So we went to sell agricultural products, Dongfang Zhen selected, fortunately there was a Dong Yuhui, if there is no Dong Yuhui, then we must still be selling agricultural products, but it may not be able to sell so well."
On the evening of August 25, Oriental Selection announced its fiscal year 2023 annual results from June 1 last year to May 31 this year.
In fiscal 2023, the company's annual revenue will be 4.5 billion yuan, a year-on-year increase of 651%; The net profit was 971 million yuan, compared with a loss of 534 million yuan in the same period last year, a year-on-year increase of 282%, turning losses into profits.
In fiscal 2023, the gross profit of Oriental Selection will be 2 billion yuan, a year-on-year increase of 400.1%; Gross profit margin decreased to 43.3% from 65.1% in the same period last year, due to the rapid development of self-operated products and live streaming e-commerce business. The GMV of Oriental Selection reached 10 billion yuan in the whole year, and the total number of orders reached 136 million.
As of today's Hong Kong stock close, Oriental Selection shares rose 1.83% to HK$36.2, with a market capitalization of HK$36.73 billion.
Yu Minhong: He and I are not superiors and subordinates, and want to leave me to support
In July, Yu Minhong said in the Oriental Selection Live broadcast that there are now some remarks that he is using Dong Yuhui and rubbing Dong Yuhui's traffic.
In this regard, Yu Minhong said that he and Dong Yuhui said that they are not a superior-subordinate relationship, but a very friendly cooperative relationship.
If Dong Yuhui wants to leave the platform of Oriental Selection one day, he must be Dong Yuhui's first supporter.
It is understood that in June 2022, Oriental Selection and anchor Dong Yuhui quickly became popular on the Douyin platform, and in less than 20 days, Oriental Selection fans exceeded 20 million, with sales of more than 600 million yuan, ranking first on Douyin.
In the face of the sudden popularity, Yu Minhong posted on his personal WeChat public account "Old Yu Gossip" that the lively business model established based on external platforms is very fragile, and there is still a long way to go to consolidate the foundation for long-term development. In addition to Douyin, it will also consider live streaming on other platforms; It will also build its own product system at a relatively fast time, similar to NetEase Strict Selection.
Yu Minhong has said that Dong Yuhui can be considered for succession
As previously reported, when talking about the inheritance of enterprises, Yu Minhong said that there are usually two types of inheritance plans for enterprises, one is family inheritance; The second is the inheritance of managers under the leadership of the board of directors.
"New Oriental must be the inheritance of managers in the future, because I never planned to let my children inherit New Oriental's business, including New Oriental's education sector and the newly made Oriental selection sector, as well as the New Oriental cultural tourism sector that we will definitely make in the future." Yu Minhong said.
It is worth noting that Yu Minhong once said that he could consider Dong Yuhui to take over.
Image source: Sina Weibo@Michael Dong Yuhui Video screenshot
On April 25 this year, Yu Minhong talked about the succession of enterprises in the Oriental Selection Live Broadcast Room. He said: "My children have not really expressed their intention to go to New Oriental, and New Oriental is a company whose shares are almost public, so I don't have the problem of second-generation succession." However, for talents like Dong Yuhui, whether it is possible to succeed in the future can still be considered. Dong Yuhui laughed and clasped his hands into fists.
Dong Yuhui once responded to the refusal of tens of millions of advertising expenses: not to show off, in the past year or has refused more than 100 million, now there is no 10 million in hand
On April 18 this year, Dong Yuhui revealed in a live broadcast that he refused 10 million advertising fees, which attracted attention.
On April 20, Dong Yuhui responded in the Oriental Selection Live Broadcast Room: "I said it unintentionally at that time, and I didn't mean to show off to everyone. In fact, from last year to this year, the endorsements or businesses I rejected may add up to 10 more than 10 million. Regarding why I didn't accept these, I felt that I couldn't take too much, and I didn't want to suffer if I earned too much money. ”
He also said: "The purpose of saying this is not to prove my innocence or to be high-spirited, of course, you can continue to criticize, you can continue to follow, any voice is justified." I don't have 10 million in my hands now, and there is a saying called 'Regardless of deeds, no heart is perfect', 'This heart is bright, and what to say'. ”
Daily economic news is synthesized from Xinhuanet Finance and Blue Whale Finance
Daily economic news