This is mainly because the education and training industry itself has been affected by the double reduction measures. The main goal of the double reduction measures is to relieve students' learning pressure and parents' educational anxiety. The double reduction measures have really affected the development of the education and training industry.

Before the introduction of the double-drop measures, the development prospects of the education and training industry were actually very good, and enterprises like New Oriental were also doing well. However, with the introduction of the double reduction measures, many educational and training institutions have been seriously affected, and some small educational institutions have even gone bankrupt. Under such a trend, even though New Oriental itself is the leader in the education industry, its operation is poor.

First, New Oriental lost $900 million in half a year.

After New Oriental adjusted its business model, it lost 900 million dollars for half a year. Although the financial report of New Oriental showed a loss, the share price of New Oriental rose instead. The reason why this happens is mainly because everyone is generally optimistic about the future development of New Oriental, and everyone also believes that New Oriental can regain its vitality.

Second, the teaching and training industry is mainly affected by the double reduction measures.

The teaching and training industry itself has a good development prospect, and many people are also very optimistic about this industry. However, with the further increase of students' study pressure, in order to further reduce students' burden, double reduction measures are coming to the fore. After that, all the training courses can't carry out the so-called subject training, and the related training also stops directly, which will directly affect the further development of the teaching and training industry.

Third, the way out for the teaching and training industry is actually very narrow.

The reason for saying this is mainly because the main business of the teaching and training industry is subject training. When the training course cannot carry out subject training, the training course needs to further expand its business and seek living space in a narrower market. Even for enterprises like New Oriental, the losses of New Oriental are already very serious, not to mention those small and medium-sized enterprises.