Core Viewpoint - The company, Fenbi, reported a strong performance in the first half of 2025, with revenue of 1.492 billion yuan and a net profit of 227 million yuan, driven by its "AI + vocational education" strategy [1][2]. Financial Performance - For the first half of 2025, Fenbi achieved revenue of 1.492 billion yuan and a net profit of 227 million yuan, with an adjusted net profit of 271 million yuan [1]. - The company maintained a healthy cash flow, ending the reporting period with cash and cash equivalents of 974 million yuan [3]. User Growth and Engagement - Fenbi's average monthly active users reached 9.3 million in the first half of 2025, indicating a steady growth in user engagement [2][3]. - By the end of 2024, the total number of registered users exceeded 72.74 million, providing a sustainable growth opportunity for the business [3]. AI Product Development - The company launched several innovative AI teaching products, including the AI exam preparation system, which has sold approximately 50,000 units, generating around 20 million yuan in revenue [2]. - Fenbi's R&D expenditure for the first half of 2025 was 108 million yuan, reflecting a consistent investment in technology [2][3]. Strategic Focus - Fenbi is focusing on optimizing R&D resource allocation towards AI education and enhancing the efficiency of capital utilization and R&D output quality [3]. - The company has reallocated 60.8 million Hong Kong dollars of its unutilized IPO funds to improve teaching efficiency and service quality, with significant investments in AI vertical models and high-end talent [2][3]. Market Position and Future Outlook - The expansion of Fenbi's AI product line validates the feasibility of its AI business model and establishes a sustainable commercial logic for future investments [4]. - The growth strategy is shifting from online training to AI application-driven initiatives, with expectations for AI integration across various product offerings [4].

Core Insights - The company reported a revenue of RMB 1.492 billion and a net profit of RMB 227 million for the first half of 2025, with an adjusted net profit of RMB 271 million, indicating strong financial performance [1] - The company is deepening its "AI + vocational education" strategy, focusing on enhancing teaching efficiency and service quality through increased investment in artificial intelligence [1] Financial Performance - For the first half of 2025, the company achieved a revenue of RMB 1.492 billion and a net profit of RMB 227 million, with an adjusted net profit of RMB 271 million [1] - The company maintained a robust cash flow, with cash and cash equivalents amounting to RMB 974 million as of the reporting period [3] AI Product Development - The company launched several innovative AI teaching products, including the AI exam preparation system classes, which have seen approximately 50,000 sales and generated around RMB 20 million in revenue [2] - The company invested RMB 12 million in AI vertical models and technology R&D, and RMB 48.8 million in high-end talent and infrastructure related to advanced AI [3] User Engagement and Market Position - The average monthly active users reached 9.3 million, with over 72.74 million registered users by the end of 2024, indicating a strong user base and growth potential [4] - The company has established a competitive advantage through differentiated AI applications, with a significant portion of users willing to recommend its products [4] Competitive Landscape - The company is leveraging its first-mover advantage in the AI education sector, with new products like the AI smart speaker and civil service exam preparation classes expected to drive growth [6] - The company is transitioning its growth logic from online training to AI application-driven models, with plans to AI-enable various product offerings [7]

Core Viewpoint - The company reported a healthy financial performance for the first half of 2025, with significant revenue and profit growth, while also emphasizing its innovative AI-driven educational products [1] Financial Performance - The company achieved a revenue of approximately 1.492 billion RMB and a net profit of around 227 million RMB for the first half of 2025 [1] - Adjusted net profit was reported at approximately 271 million RMB [1] - Net current assets increased from about 830 million RMB on December 31, 2024, to approximately 1.078 billion RMB by June 30, 2025, primarily due to profits generated in 2025 [1] Product Development and Innovation - The company has developed its first AI-focused model for recruitment exams, which has been commercially applied [1] - Since 2024, the company has launched several intelligent teaching products based on the AI model, including the "Fenchai AI Teacher," "AI Interview Review," and "AI Question Practice System Class" [1] - The AI Question Practice System Class, launched in April 2025, has shown strong market penetration, significantly enhancing learning efficiency and optimizing resource usage compared to traditional large online classes [1] - As of June 30, 2025, the AI Question Practice System Class has sold approximately 50,000 sessions, generating around 20 million RMB in revenue [1]

Core Viewpoint - The company, Fenbi, reported strong financial performance for the first half of 2025, with revenue of RMB 1.492 billion and a net profit of RMB 227 million, driven by its "AI + vocational education" strategy and significant investments in AI technology [1] Financial Performance - For the first half of 2025, Fenbi achieved revenue of RMB 1.492 billion and a net profit of RMB 227 million, with an adjusted net profit of RMB 271 million [1] - The company maintained a robust cash flow, with cash and cash equivalents amounting to RMB 974 million as of the reporting period [3] AI Product Development - Fenbi launched several innovative AI teaching products, including the AI exam preparation system and AI interview evaluation tools, which have received positive market feedback [2][6] - The AI exam preparation system has sold approximately 50,000 units, generating around RMB 20 million in revenue [2] - The company plans to allocate HKD 60.8 million of its unutilized IPO funds to enhance AI vertical models and recruit high-end talent [3] User Engagement and Market Position - The average monthly active users reached 9.3 million, with over 72.74 million registered users by the end of 2024, indicating a strong user base for future growth [4] - Fenbi's AI products have shown a significant impact on user experience, with 98.43% of surveyed users willing to recommend the AI interview mock exam product [4] Competitive Advantage - The company is leveraging its first-mover advantage in the AI education sector, with a focus on commercializing AI technology to enhance its competitive edge [6][7] - Fenbi's AI product line expansion is expected to drive growth, particularly in the civil service exam preparation market, which has seen a 12.6% increase in registration for 2025 [2][6] Strategic Focus - The company is transitioning its growth strategy from online training to AI-driven applications, with plans to AI-enable various product offerings [7] - Fenbi emphasizes the importance of rapid commercialization of its technology to create a positive feedback loop for product development [6][7]

Core Viewpoint - The company, Fenbi, reported strong financial performance for the first half of 2025, with a revenue of RMB 1.492 billion and a net profit of RMB 227 million, while continuing to deepen its "AI + vocational education" strategy to enhance teaching efficiency and service quality [1][2]. Financial Performance - For the first half of 2025, Fenbi achieved a revenue of RMB 1.492 billion and a net profit of RMB 227 million, with an adjusted net profit of RMB 271 million [1]. - The company maintained a robust cash flow, with cash and cash equivalents amounting to RMB 974 million as of the reporting period [3]. AI Product Development - Fenbi launched several innovative AI teaching products, including the AI exam preparation system and AI interview evaluation tools, which have received positive market feedback [2][6]. - The AI exam preparation system has sold approximately 50,000 units, generating around RMB 20 million in revenue [2]. - The company plans to invest HKD 60.8 million from its IPO funds into AI vertical models and talent acquisition to enhance its technological capabilities [3]. User Engagement and Market Position - The average monthly active users reached 9.3 million, with over 72.74 million registered users by the end of 2024, indicating a strong user base for future growth [4]. - Fenbi's AI products have established a competitive edge in the market, with a significant portion of users willing to recommend the AI interview mock exam product [4]. Strategic Focus and Future Outlook - The company is shifting its growth strategy from online training to AI-driven applications, with plans to expand its AI product offerings across various educational formats [7]. - Fenbi's management expresses optimism about the future, citing the successful performance of AI products as a key driver for growth [2][6].

Core Viewpoint - The company, Fenbi, reported strong financial performance for the first half of 2025, with revenue of RMB 1.492 billion and a net profit of RMB 227 million, while continuing to deepen its "AI + vocational education" strategy to enhance teaching efficiency and service quality [1] Financial Performance - For the first half of 2025, Fenbi achieved revenue of RMB 1.492 billion and a net profit of RMB 227 million, with an adjusted net profit of RMB 271 million [1] - The company maintained a robust cash flow, with cash and cash equivalents amounting to RMB 974 million as of the reporting period [3] AI Product Development - Fenbi's AI product line has expanded significantly, with the introduction of innovative teaching products based on self-developed domain-specific models, including AI exam preparation systems and AI smart speakers [2][6] - The AI exam preparation system has sold approximately 50,000 units, generating around RMB 20 million in revenue [2] - The company plans to allocate HKD 60.8 million of its unutilized IPO funds to enhance AI vertical models and recruit high-end talent [3] User Engagement and Market Position - The average monthly active users reached 9.3 million, with over 72.74 million registered users by the end of 2024, indicating a sustainable growth trajectory [4] - Fenbi's AI products have established a competitive edge in the market, with a high user engagement rate, as evidenced by the AI mock interview competition attracting nearly 1.5 million participants [4] Strategic Focus and Future Outlook - The company is transitioning its growth logic from online training to AI-driven applications, with plans to further AI-integrate its product offerings [7] - Fenbi's management expresses optimism about the future, citing the successful performance of AI products and their potential to drive revenue growth [2][6]

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 表 明 概 不 就 因 本 公 告 全 部 或 任 何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Fenbi Ltd. 粉筆有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2469） 截 至2025年6月30日止六個月之 中期業績公告 截 至6月30日止六個月 | | | | | | | | | | | | | | | | 2025年 | 2024年 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | | | | | | | | 人民幣千元 | 人民幣千元 | | | | | | | | | | | | | | | | | （未經審計） | （未經審計） | | 收 | 入 | | | | | | | | | | | | | | 1,491,952 ...

8月25日，粉笔举办事业单位AI刷题班线上新品发布会，标志着公司在职业教育领域的AI产品矩阵进一 步完善。据介绍，该产品基于粉笔自主研发的垂域AI大模型，构建了完整的"测-学-练-考"闭环学习模 式，主打个性化学习路线，深度适配备考用户需求。 在原有成熟产品基础上，粉笔事业单位AI刷题班持续迭代升级。"事业单位考生群体多元、考情复杂多 变、考查内容独特，这些鲜明特点使得通用备考方案难以奏效，必须匹配专属解决方案。粉笔AI刷题 班就是针对这一需求而设计的。"粉笔事业单位项目负责人刘子丰介绍。 通过科目能力雷达图，粉笔事业单位AI刷题班为用户生成个性化备考路径，匹配最适合的学习计划和 备考策略，并量身定制每日学习计划，并依据实时表现动态调整，迅速优化下一步备考方案，实现精准 刷题。 值得注意的是，粉笔AI产品矩阵已全面验证其商业化逻 辑，形成可复制、可扩展的盈利模式。多款AI产品精准 覆盖用户日常高频练习、短期刚需提分、长期系统备考 三大场景，形成订阅制、按次付费、AI解决方案的多种 组合付费方案，为粉笔提供了可持续、多元化的盈利增 AI赋能备考模式闭环，重新定义高效学习路径 "AI刷题班"已经成为继系统班之后粉 ...

通过科目能力雷达图，粉笔事业单位AI刷题班为用户生成个性化备考路径，匹配最适合的学习计划和 备考策略，并量身定制每日学习计划，并依据实时表现动态调整，迅速优化下一步备考方案，实现精准 刷题。（罗宁） 责任编辑：李铁民 "AI刷题班"已经成为继系统班之后粉笔新一代拳头产品。粉笔首个AI刷题班已于今年4月上线，市场表 现亮眼。公告显示，截至6月30日，AI刷题系统班已销售约5万人次，收款约2000万元。 基于粉笔自研垂域大模型，粉笔事业单位AI刷题班实现科学规划，精准评估用户个体学情，智能识别 能力弱项和提分空间，AI系统根据测评结果和最新教研及考情评估，向用户推送定制化学习内容，告 别盲目学习。 新浪科技讯 8月26日下午消息，近日，粉笔发布事业单位AI刷题班新品，标志着公司在职业教育领域的 AI产品矩阵进一步完善。据介绍，该产品基于粉笔自主研发的垂域AI大模型，构建了完整的"测-学-练- 考"闭环学习模式，主打个性化学习路线，深度适配备考用户需求。 粉笔事业单位项目负责人刘子丰表示："事业单位考生群体多元、考情复杂多变、考查内容独特，这些 鲜明特点使得通用备考方案难以奏效，必须匹配专属解决方案。粉笔AI刷题班 ...

Group 1 - Miniso's stock increased by nearly 5% [1] - Lao Pu Gold and Xiaomi Group both rose by 2% [1] - Li Auto, Cha Bai Dao, and Guo Quan saw increases of over 1.5% [1] Group 2 - Bruker experienced a decline of over 13.5% [1] - Hou Shang A Yi fell by nearly 6% [1] - Leap Motor dropped by nearly 3.5% [1] - Pop Mart decreased by nearly 1% [1]