Yu Minhong said that New Oriental s revenue decreased by 80 , mainly due to what factors?

It is mainly affected by national policies, because now my country has a severe crackdown on off-campus tutoring institutions, so it is causedNew Oriental EducationInstitutions have also suffered a cold winter. Prior to this, the momentum of educational institutions was also very hot, and they were also educated by examinations in our country.

Many highly talented students have made a lot of profits by opening educational institutions outside of school, and parents are especially willing to send their children to these tutoring institutions for study, which can improve their children's academic performance and enable them to combine with their ideal universities. <>

First, the impact of national policies

At present, China implements a double reduction policy.

And my country requires that all tutoring institutions opened outside the school must be stopped, which makes many offline tutoring institutions almost all shut down, which has caused great losses to tutoring institutions, and New Oriental, as a first-class tutoring institution in China, has also suffered a great loss, turnover.

With an 80% reduction and 60,000 layoffs, it can be said that the situation of New Oriental is not optimistic. <>

Second, the transformation of agricultural products

Before my country cracked down on off-campus tutoring institutions, it can be said that New Oriental made a very lucrative profit, first of all, because New Oriental's propaganda was very good and was liked by many people, and secondly, New Oriental's teachers are also very good, almost all of them are 985 high-achieving students, and New Oriental's teachers are humorous and humorous in their lectures that are easier for students to understand, so it also makes many parents more trusting of New Oriental, but because the tutoring institutions have been hit hard, and Yu Minhong.

He also led New Oriental and other teams to begin to transform, making an e-commerce platform with agricultural product screening and sales as the core, Yu Minhong in his live broadcast room.

He said that he sells agricultural products, and he also hopes to provide value-added services for farmers across the country.

But it is undeniable that Yu Minhong is a very successful businessman, he has won the support of many students in educational institutions, and when educational institutions were severely cracked down on by national policies, he began to transform into agricultural products, and he is also confident that he will do well in agricultural products.

Relevant departments have carried out macro-control of primary and secondary school training business, and the impact of factors such as the epidemic situation. The relevant departments carry out macro-control of the training business of primary and secondary schools, and many parts of New Oriental's business are training, and these businesses have been withdrawn; The epidemic, the epidemic caused some of New Oriental's businesses to be unable to carry out and its revenue plummeted.

The main reason is the double reduction policy introduced by China, New Oriental is the suspension of classes, the closure of campuses, layoffs, and the donation of tables and chairs, all of which will cause his operating income to decrease.