Oriental Selection 2023 fiscal year report: full-year sales exceeded 1 billion yuan, and Douyin orders reached 136 million

According to news from this site on August 25, Oriental Selection announced the performance report for fiscal year 2023 from June 1, 2022 to May 31 this year. The total net revenue of continuing operations and discontinued operations was 45 billion, a year-on-year increase of 401.9%; net revenue from continuing operations was 4.5 billion yuan, a year-on-year increase of 651.0%. Net profit from continuing operations and discontinued operations was 971 million yuan, compared with 534 million yuan in the same period last year; net profit from continuing operations was 971 million yuan, compared with 71 million yuan in the same period last year.

This site learned from the financial report that as of May 31, 2023, the overall number of self-operated products and live broadcast teams reached 1,103, including The supply chain and product team has reached 346 people;

the total merchandise volume (GMV) of the live broadcast e-commerce business has reached 10 billion yuan, and the total number of paid orders for third-party products and self-operated products on Douyin is 136 million. The number of self-operated products exceeds 120.

Additionally, average spending per paying student increased to $1,544 during the reporting period, compared with $1,308 in fiscal 2022. During the reporting period, fee-paying student enrollment in the University Education segment increased by 6.4% to 581,000, compared with 546,000 in fiscal 2022

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