In 34 Chinese cities, it has built its own schools and learning centers; in the latest fiscal year, more than one million students enrolled. More than a year ago, upon ringing the bell for listing on the New York Stock Exchange, New Oriental was hyped as China's first educational concept stock and its share price rose strongly. The closing price as of August 31 was $52.95, an increase of more than 3.5 times over the initial public offering price of $15. Yu Minhong, who holds 31.18% (44 million shares) and is the head of "New Oriental", has also seen his personal wealth rise accordingly, and now he is China's richest teacher with a net worth of more than 2 billion yuan.