Group 1 - The stock of China Education Group Holdings (00839.HK) experienced a significant decline, dropping over 8% at one point and closing down 7.69% at HKD 2.88 [1] - The trading volume reached HKD 29.32 million, indicating notable market activity surrounding the stock [1]

Core Viewpoint - The company, Zhongjiao Holdings (00839), has issued a profit warning, leading to a decline of over 8% in its stock price, currently trading at 2.88 HKD with a transaction volume of 29.32 million HKD [1] Financial Performance - For the fiscal year 2025, the company expects a net profit of approximately 440 million to 600 million HKD, which represents a decrease from the net profit of about 502 million HKD in the fiscal year 2024 [1] - The company anticipates recognizing a one-time, non-cash impairment loss of approximately 1.62 billion to 1.7 billion HKD in the fiscal year 2025 [1] Impairment Factors - The projected net profit for fiscal year 2025 reflects the impact of goodwill and intangible asset impairment, primarily due to downward adjustments in estimated future cash flows from several cash-generating units located in Hainan, Guangdong, and Henan provinces [1] - The decline in cash flow estimates is attributed to increased market supply in the regions and a decrease in overall payment capacity [1]

Core Viewpoint - The company, Zhongjiao Holdings (00839), has issued a profit warning, leading to a decline of over 8% in its stock price, currently trading at HKD 2.88 with a transaction volume of HKD 29.32 million [1] Financial Performance - For the fiscal year 2025, the company expects to record a net profit of approximately HKD 440 million to HKD 600 million, which represents a decrease from the net profit of about HKD 502 million in the fiscal year 2024 [1] - The company anticipates recognizing a one-time, non-cash impairment loss of approximately HKD 1.62 billion to HKD 1.7 billion in the fiscal year 2025 [1] Impairment and Market Conditions - The projected net profit for fiscal year 2025 reflects the impact of goodwill and intangible asset impairment, primarily due to downward adjustments in estimated future cash flows from several cash-generating units located in Hainan, Guangdong, and Henan provinces [1] - The downward revision in cash flow estimates is attributed to increased market supply in the regions and a decline in overall payment capacity [1]

Core Viewpoint - The company expects a net profit of approximately RMB 440 million to RMB 600 million for the fiscal year ending August 31, 2025, reflecting a decrease from the estimated net profit of RMB 502 million for the fiscal year ending August 31, 2024 [1] Financial Performance - The projected net profit for the fiscal year 2025 has taken into account the anticipated impairment losses on goodwill and intangible assets [1] - The company expects to recognize a one-time, non-cash impairment loss (net of deferred tax) of approximately RMB 1.62 billion to RMB 1.70 billion in the fiscal year 2025 [1] Impairment Factors - The expected impairment is primarily due to a downward adjustment in the estimated future cash flows of certain cash-generating units located in Hainan, Guangdong, and Henan provinces [1] - The decline in cash flow estimates is attributed to increased market supply in the relevant regions and a decrease in overall payment capacity in the current macroeconomic environment [1]

Core Viewpoint - The company anticipates a net profit of approximately RMB 440 million to RMB 600 million for the fiscal year 2025, reflecting a decrease from the net profit of RMB 502 million recorded for the fiscal year ending August 31, 2024 [1] Financial Performance - The expected net profit for fiscal year 2025 has taken into account the anticipated impairment losses on goodwill and intangible assets [1] - The company expects to recognize a one-time, non-cash impairment loss (net of deferred tax) of approximately RMB 1.62 billion to RMB 1.70 billion in fiscal year 2025 [1] Market Conditions - The anticipated impairment is primarily due to a downward adjustment in estimated future cash flows for certain cash-generating units located in Hainan, Guangdong, and Henan provinces [1] - The decline in cash flow estimates reflects increased market supply in the relevant regions and a decrease in overall purchasing power in the current macroeconomic environment [1]

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 的 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 部份 內 容 而 產生 或 因 倚 賴 該等 內 容 而 引 致的 任 何 損 失承 擔任何責任。 China Education Group Holdings Limited 中 國 教 育 集 團 控 股 有 限 公 司 （ 於開曼群島註冊成立的有限公司 ） （股份代號：839） 內幕消息 2025財年財務表現更新 本公告由中國教育集團控股有限公司（「本公司」，連同其附屬公司及合併附 屬實體，統稱為「本集團」）根據香港聯合交易所有限公司證券上市規則（「上 市規則」）第13.09 (2)條及香港法例第571章證券及期貨條例第XIVA部的內幕 消息條文作出。 財務表現更新 本公司 董事會（「董事會」）謹此通 知本公司股 東及潛在 投資者， 基於董事會 對本集團截至2025年8月31日止財政年度（「2025財年」）之未經審核綜合管理 賬目所作之初步審閱， ...

Market Overview - The Hang Seng Index rose by 0.61%, gaining 161 points to close at 26,406 points, while the Hang Seng Tech Index increased by 0.12%. The morning trading volume in Hong Kong reached 114.1 billion HKD [1]. Company Highlights - China Duty Free Group (601888) (01880) saw a surge of over 13% as the new duty-free policy in Hainan shows positive effects, with institutions suggesting a potential industry turning point [1]. - Pop Mart (09992) increased by over 6% due to gradual capacity expansion, with management expecting stronger sales performance in Q4 [1]. - Dongyang Sunshine Pharmaceutical (600673) (06887) rose by over 4% as flu activity is on the rise, and institutions are optimistic about the company's innovative pipeline development [1]. - China Liansu (02128) gained over 5% as the company is expected to benefit significantly from urban pipeline upgrades under the 14th Five-Year Plan [1]. - Hou Shang Ayi (02589) increased by over 8% after the company proposed adopting an H-share incentive plan, successfully entering the "10,000-store club" [1]. - Education stocks performed well, with institutions noting overall good performance in the education sector and the potential for AI+ education to enhance valuation. China Education Holdings (00839) rose by 8%, Thinking Academy (01769) by 3.3%, and New Oriental-S (09901) by 3.25% [1]. - Ruipu Lanjun (00666) increased by over 6% as global demand for energy storage remains strong, with the company reporting over 50 GWh of energy storage battery shipments in the first three quarters [1]. - Gilead Sciences-B (01672) rose by over 6% after being included in the MSCI Global Small Cap Index, with significant weight loss effects from ASC30 [1]. - Goldwind Technology (002202) (02208) fell by over 5% as a major shareholder, Harmony Health, plans to further reduce its stake by up to 1%, following a previous reduction at the end of last month [1]. - Robotics concept stocks declined, with DCH Holdings (00179) dropping over 4% and Sanhua Intelligent Controls (002050) (02050) falling over 3% [1].

Core Viewpoint - The Hong Kong education stocks are experiencing significant gains, indicating positive market sentiment towards the sector [1] Group 1: Stock Performance - Zhongjiao Holdings (00839.HK) increased by 7.67%, reaching HKD 3.09 [1] - Sikao Education (01769.HK) rose by 4.41%, trading at HKD 2.84 [1] - Yuhua Education (06169.HK) saw a 3.77% increase, priced at HKD 0.55 [1] - New Oriental-S (09901.HK) gained 2.87%, with a share price of HKD 43.06 [1]

Core Viewpoint - The education sector is experiencing significant stock price increases, driven by policy improvements, demand release, and supply constraints, with a positive outlook for 2025 and beyond [1] Group 1: Stock Performance - Education stocks are leading in gains, with notable increases: China Education Group (00839) up 7.67% to HKD 3.09, Thinker Education (01769) up 4.41% to HKD 2.84, Yuhua Education (06169) up 3.77% to HKD 0.55, and New Oriental-S (09901) up 2.87% to HKD 43.06 [1] Group 2: Policy Impact - Since July 2025, the education sector has benefited from policies such as childbirth subsidies and gradual free preschool education, which are expected to encourage childbirth and increase education spending [1] - Continuous optimization of education policies is anticipated to further support the sector [1] Group 3: AI Influence - The impact of AI on the education sector is profound, with ongoing policy support expected to benefit industry leaders significantly in the AI + education landscape [1] Group 4: Market Sentiment - The vocational education sector has been overlooked by capital markets, but sentiment is shifting, with a potential for value investors to identify opportunities as performance continues to improve [1] - The sector's valuation is stabilizing, and with ongoing performance growth and market liquidity, there is potential for recovery in investor interest, particularly in undervalued, high-dividend, and high-performance stocks [1]

Core Viewpoint - The education sector is experiencing significant stock price increases, driven by policy improvements, demand release, and supply constraints, with a positive outlook for 2025 and beyond [1] Group 1: Stock Performance - Education stocks are leading in gains, with notable increases: China Education Group Holdings (00839) up 7.67% to HKD 3.09, Think Tank Education (01769) up 4.41% to HKD 2.84, Yuhua Education (06169) up 3.77% to HKD 0.55, and New Oriental-S (09901) up 2.87% to HKD 43.06 [1] Group 2: Policy Impact - Since July 2025, the education sector has benefited from policies such as childbirth subsidies and gradual free preschool education, which are expected to encourage childbirth and increase education spending [1] - Continuous optimization of education policies is anticipated to further support the sector [1] Group 3: AI Influence - The impact of AI on the education sector is profound, with ongoing policy support expected to benefit industry leaders significantly in the AI + education landscape [1] Group 4: Vocational Education Sector - The vocational education sector remains undervalued and has been overlooked by capital markets, but there are signs of improving sentiment [1] - With ongoing performance growth and market capital dispersion, there is potential for value investors to identify opportunities in undervalued, high-dividend, and high-performance stocks within this sector [1]