Oriental selection report for fiscal year 2023: GMV of goods delivered for the whole year reached 10 billion yuan, and total orders of Douyin reached 136 million.

According to CTOnews.com news on August 25, Oriental selected released its results report for the fiscal year 2023 from June 1, 2022 to May 31 this year. The total net revenue of continuing and discontinued business was 4.5 billion yuan, an increase of 401.9% over the same period last year. The net revenue of continuing business was 4.5 billion yuan, an increase of 651.0% over the same period last year. The net profit of continuing business and discontinued business was $971 million, compared with $534 million in the same period last year, and the net profit of continuing business was $971 million, compared with $71 million in the same period last year.

CTOnews.com learned from the financial report that as of May 31, 2023, the total number of proprietary products and LVB teams had reached 1103, including 346 supply chain and product teams; the total merchandise trading volume (GMV) of LVB e-commerce business reached 10 billion yuan; the total number of paid orders for third-party products and proprietary products on Douyin was 136 million, and the number of proprietary products exceeded 120.

In addition, the average expenditure per paying student selected by Orient to prepare for formal courses in domestic universities increased by 1544 yuan in the reporting period, compared with 1308 yuan in fiscal year 2022. During the reporting period, the number of paid students in the university education division increased by 6.4% to 581000, compared with 546000 in fiscal year 2022.