Group 1: Market Performance - Dongyue Group (00189) saw a rise of over 1%, with expectations for increased refrigerant demand as the new cooling season begins, despite a seasonal decline in August [1] - Hong Kong's banking stocks experienced a rally, with Agricultural Bank (01288) up over 2%, and other banks like ICBC (01398) and China Merchants Bank (03968) also gaining over 1%. The overall asset quality of listed banks remains stable, and profit growth is expected to continue [1] - In the gold sector, Lingbao Gold (03330) rose over 3%, with other companies like Chifeng Jilong Gold (06693) and Shandong Gold (01787) also seeing significant gains, driven by lower-than-expected U.S. job growth data which increased interest in gold [3] Group 2: Company Announcements - InnoCare (02577) surged over 8% after being named the only Chinese chip company in NVIDIA's 800VDC power architecture collaboration, indicating a significant partnership in AI data centers [2] - Derun Shipping (02510) announced a profit forecast of approximately $180 million to $200 million for the six months ending June 30, 2025, representing a 220% to 255% increase compared to the previous year [2] - China Eastern Education (00667) reported an expected profit increase of no less than 45% for the first half of the year, driven by a 7% increase in new student registrations and effective cost control [3] Group 3: Financial Results - Amazon (AMZN.US) reported second-quarter earnings that exceeded expectations, with AWS revenue growing 17% year-over-year, but the third-quarter profit guidance fell short of market expectations [5] - Coinbase (COIN.US) saw a 16.7% drop after reporting second-quarter revenue of $1.5 billion, which was below analyst expectations, despite a significant profit increase due to investments [5] - Moderna (MRNA.US) experienced a decline of over 10% due to delays in vaccine shipments, leading to a downward revision of its revenue forecast for 2025 [7]

Group 1 - China Oriental Education (00667) saw its stock price increase by over 5% in early trading, currently up 4.1% at HKD 8.37, with a trading volume of HKD 20.1 million [1] - The company expects a year-on-year increase in net profit of no less than 45% but not more than 50% for the first half of the year, driven by a 7% increase in new student registrations and new client registrations, leading to a revenue increase of approximately 10% [1] - Efficient operations and cost control have allowed the company to maintain relatively stable overall costs despite revenue growth during the period [1] Group 2 - The Ministry of Human Resources and Social Security announced a new guideline for large-scale vocational skills enhancement training, aiming to increase the supply of skilled talent in manufacturing and service industries from 2025 to the end of 2027 [1] - The guideline focuses on providing subsidized training for over 30 million people in high-demand industries and key employment groups, promoting skill employment, income growth, and job satisfaction [1]

Group 1 - China Oriental Education (00667) saw its stock price increase by over 5% in early trading, currently up 4.1% at HKD 8.37, with a trading volume of HKD 20.1 million [1] - The company expects its net profit for the first half of the year to increase by no less than 45% but not more than 50% year-on-year [1] - The increase in net profit is primarily due to a 7% rise in new student registrations and new client registrations, leading to an approximate 10% increase in revenue [1] Group 2 - The company has maintained relatively stable overall costs despite revenue growth, attributed to efficient operations and cost control during the period [1] - The Ministry of Human Resources and Social Security announced a new guideline for large-scale vocational skills enhancement training, aiming to increase the supply of skilled talent in manufacturing and service industries from 2025 to the end of 2027 [1] - The guideline includes plans for subsidized training for over 30 million participants, focusing on high-demand industries and key employment groups to promote skill-based employment and income growth [1]

Investment Rating - The industry investment rating is "Positive" (maintained) [2] Core Views - The report highlights that the fine management of Chinese cuisine releases profit elasticity, while economic structural changes drive technological advancements [1][4] - The education sector is experiencing new opportunities due to social changes, with vocational education gaining traction as parents and students shift their views from "fallback options" to "active choices" [4][21] - The nutrition and health food market in China is steadily growing, with a focus on high-quality cross-border imported health brands [6][34] Summary by Sections Travel and Tourism - The summer travel volume has reached a historical high, with July's passenger transport volume expected to reach 71.2 million, a year-on-year increase of 3.0% [15] - Airlines have adopted a price-for-volume strategy, leading to a 7.5% decline in average domestic economy class ticket prices [15][16] Education - China Oriental Education expects a 7% year-on-year increase in new enrollment and a 10% increase in revenue for the first half of 2025, with net profit projected to grow by 45%-50% [21][23] - Good Future's revenue for FY2026 Q1 is expected to rise by 38.8% year-on-year, with net profit increasing by 174.4% [24][27] - New Oriental's revenue for FY2026 Q1 is projected to be $1.243 billion, a 9.4% increase year-on-year, despite a slowdown in overseas study demand [29] Chinese Cuisine - The "Little Garden" restaurant chain anticipates a net profit of RMB 360-380 million for the first half of 2025, reflecting a year-on-year increase of 28.6%-35.7% [30][35] - The Green Tea Group expects a net profit of RMB 230-237 million for the first half of 2025, a year-on-year increase of 32%-36% [32][33] Nutrition and Health - China's health food import value has grown from $408 million in 2008 to an estimated $7.753 billion in 2024, with a compound annual growth rate of 20.21% [34][37] - Cross-border imported health products are expected to gain market share due to relaxed entry qualifications and diverse consumer demands [43][44]

格隆汇8月1日丨中国东方教育(00667.HK)宣布，公司将于2025年8月27日（星期三）举行董事会会议， 藉以（其中包括）考虑及批准公司及其附属公司截至2025年6月30日止六个月的中期业绩及其发布，并 考虑派发中期股息（如有）。 ...

（股份代號：667） 董事會會議通告 中國東方教育控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於2025年8月27日（星期 三）舉行董事會會議，藉以（其中包括）考慮及批准本公司及其附屬公司截至2025年6月30日止六個月 的中期業績及其發佈，並考慮派發中期股息（如有）。 承董事會命 中國東方教育控股有限公司 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內 容而引致之任何損失承擔任何責任。 CHINA EAST EDUCATION HOLDINGS LIMITED 中國東方教育控股有限公司 （於開曼群島註冊成立的有限公司） 主席 吳偉 香港，2025年8月1日 於本公告日期，董事會由執行董事吳偉先生及肖國慶先生；非執行董事吳俊保先生及陸真先生；以 及獨立非執行董事洪嘉禧先生、朱國斌博士及臧蘊智博士組成。 ...

Group 1 - The core viewpoint of the article highlights the recent stock performance of China Oriental Education, which saw a decline of 5.52% to 7.7 HKD per share as of 09:45 on August 1 [1] - China Oriental Education Holdings Limited focuses on vocational skills education, operating seven educational brands and 234 campuses across 30 provinces and Hong Kong, with approximately 150,000 students enrolled [1] - As the first publicly listed vocational skills education company in Hong Kong, the group aims to cultivate practical talents that meet societal needs and actively promotes innovation and development in vocational education [1] Group 2 - For the fiscal year ending 2024, China Oriental Education reported total revenue of 4.116 billion HKD and a net profit of 513 million HKD [1] - On July 31, the company projected a profit increase of 45% to 50% for the interim results of 2025 [1]

中国东方教育(00667)盈喜倒跌逾5%，截至发稿，跌5.77%，报7.68港元，成交额4445.26万港元。 集团在该期间的纯利增加主要由于在该期间的新生注册及新客户注册数量增加约7%，从而导致公司收 入增加约10%；及在该期间集团高效的营运及成本控制，导致集团的整体成本在收入增长的情况下，仍 能保持相对平稳。 消息面上，7月31日，中国东方教育发布公告，预期集团于截至2025年6月30日止6个月的纯利较截至 2024年6月30日止6个月期间将增加不少于45%但不多于50%。 ...

集团在该期间的纯利增加主要由于在该期间的新生注册及新客户注册数量增加约7%，从而导致公司收 入增加约10%；及在该期间集团高效的营运及成本控制，导致集团的整体成本在收入增长的情况下，仍 能保持相对平稳。 消息面上，7月31日，中国东方教育发布公告，预期集团于截至2025年6月30日止6个月的纯利较截至 2024年6月30日止6个月期间将增加不少于45%但不多于50%。 智通财经APP获悉，中国东方教育(00667)盈喜倒跌逾5%，截至发稿，跌5.77%，报7.68港元，成交额 4445.26万港元。 ...

证券研究报告|港股公司点评报告 [Table_Date] 2025 年 07 月 31 日 [Table_Title] 25H1 净利润超预期，上调盈利预测 公司公告 2025 年中报净利增长 45-50%，超出市场预期。公司净利增加主要由于（1）上半年新生注册机新 客户注册数量增加约 7%，从而导致收入增加约 10%；（2）上半年公司高效的运营及成本控制，使得整体成本 在收入增长的情况下，仍能保持平稳。 分析判断: 我们分析，公司收入增长主要由于 15 个月高价格专业占比提升、职教升学、美业增长超预期带动，利润 为高经营杠杆效应的体现。 投资建议 我们分析，（1）短期来看，我们预计公司秋季招生良好，随着成本控制全年业绩有望持续超预期；（2）中 期来看，在长期生招生恢复的基础上，明后年收入有望加速增长；分品类来看，我们预计烹饪招生恢复、汽车和 美业维持快速增长，欧米奇和美业减亏趋势持续、汽车服务净利率提升；（3）公司长期优势在于就业竞争力、 针对市场变化快速调节课程的能力，公司区域中心建设完成后、技师学院资质获批、从而有望拉长学制。上调盈 利预测，上调 25-27 年营业收入预测 44.1/48.4/53.2 ...