登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603110证券简称：东方材料公告编号：2025-047 新东方新材料股份有限公司 关于对上海证券交易所监管问询函的回复公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 新东方新材料股份有限公司（以下简称"公司"）于近期收到上海证券交易所下发的《关于新东方新材料 股份有限公司2024年年度报告的信息披露监管问询函》（上证公函【2025】0926号）（以下简称"问询 函"），公司高度重视，会同年审会计师就《问询函》提及的问题逐项认真核实，现就问询函中的有关 问题回复说明如下： 问题一、关于算力业务。年报显示，报告期公司新开展算力业务，并实现营业收入2732万元，毛利率为 30.98%。公司前五大供应商变动较大，新增供应商福建省海峡星云信息科技有限公司和宿州市广云智 算科技有限公司，采购额分别为6102万元、1415万元，合计占公司年度采购总额比例为22%。此外，报 告期末公司固定资产2.56亿元，同比增加131%，年报称主要为在建工程完工转固及购入算力相关设备 所致 ...

| 42 | 三七互娱 | 52.45 | 11 | | --- | --- | --- | --- | | 43 | 常山北明 | 51.65 | 14 | | 44 | 中国民航信息网络 | 47.87 | 11 | | 45 | 新大陆 | 47.21 | 1 t | | 46 | 金山云 | 44.59 | 111 | | 47 | 岩山科技 | 44.31 | 11 | | 48 | 银之杰 | 43.5 | 11 | | 49 | 东华软件 | 42.71 | 2 1 | | 50 | 石基信息 | 41.59 | 2 1 | 每日根据市值计算出前50名公司,美元港元按照当日汇率中间价折算 @ JIN10.COM D. 金十数据 | 一个交易工具 金十图示：2025年07月24日（周四）中国科技互联网公司市值排名TOP 50一览 | 8 | | 中芯国际 | 514.82 | 11 | | --- | --- | --- | --- | --- | | 9 | | 京东 | 489.1 | 1 t | | 10 | 88 | 快手-W | 431.56 | 1 1 | | 11 | | 腾讯音乐 ...

Core Insights - Public funds continued to increase their holdings in Hong Kong stocks in Q2 2025, with the market value of Hong Kong stocks in the sample of actively managed equity funds rising to 20.0%, up from 19.2% in Q1 2025 [6][10] - The increase in holdings was primarily in small and medium-sized Hong Kong stocks, with the Hang Seng Small Cap Index's component stocks' market value share in the total Hong Kong stock holdings of funds increasing by 5.6 percentage points [6][10] - Sector-wise, public funds mainly increased their positions in the pharmaceutical, light manufacturing, non-bank financials, and banking sectors, corresponding to themes of innovative drugs, new consumption, and dividends [6][10] Fund Holdings Analysis - The report indicates a significant shift in fund holdings, with a reduction in the technology sector, particularly in internet and automotive stocks, which had previously seen substantial gains [6][10] - The technology sector's market value share in fund holdings decreased by 3.7 percentage points, while the media and retail sectors also saw declines [10][12] - Conversely, the consumer sector saw an increase of 3.8 percentage points in market value share, indicating a strategic pivot towards consumer-related investments [10][12] Specific Stock Movements - Notable changes in specific stock holdings include Tencent Holdings decreasing from 21.5% to 17.8%, while Alibaba's share dropped from 10.6% to 6.3% [12] - In contrast, stocks like Kuaishou and Pop Mart saw increases in their holdings, reflecting a shift towards emerging consumer brands [12] - The report highlights a significant increase in holdings for companies like Xinda Biopharmaceuticals, which rose from 1.2% to 3.5%, indicating a growing interest in innovative healthcare solutions [12]

金十图示：2025年07月21日（周一）中国科技互联网公司市值排名TOP 50一览 | 排名 | | 公司 | 市值(亿美元) | 排名变化 | | --- | --- | --- | --- | --- | | 1 | | 台积电 | 12468.4 | | | 2 | | 腾讯控股 | 6037.04 | | | 3 | | 阿里巴巴 | 2867.9 | | | 4 | | 小米集团-W | 1894.57 | | | 5 | | 拼多多 | 1547.41 | | | 6 | 美团 | 美团-W | 1033.71 | | | 7 | 網易 | 网易 | 861.91 | | 每日根据市值计算出前50名公司,美元港元按照当日汇率中间价折算 @ JIN10.COM 0. 金十数据 | 一个交易工具 | 8 | | 京东 | 488.96 | 11 | | --- | --- | --- | --- | --- | | 9 | | 中芯国际 | 484.29 | 1 t | | 10 | | 快手-W | 394.8 | 1 1 | | II | | 理想汽车 | 340.4 | 1 t | | 12 | ...

技术革命重塑行业底层逻辑：AI 从工具升级为基础设施 当粉笔 AI 刷题系统班在上线两个月内销售额突破 1400 万元，付费学员规模达 4 万人时，这个曾被视 为传统赛道的成人学习行业，正在经历一场由人工智能驱动的范式革命。2025 年上半年，AI 技术已从 辅助教学工具升级为行业基础设施，推动产业从 "标准化灌输" 向 "个性化服务" 转型。 垂直大模型构建技术壁垒 粉笔科技自研的职业教育垂域大模型，实现从 "被动应答" 到 "主动引导" 的技术跃迁，通过数字人导师 全程伴学模式，提升用户学习效率。据称，该模型在 言语理解、逻辑推理等公考核心模块的解析准确率，优于市面上的通用大模型。这种技术突破体现在商 业成果上：今年上半年发布的财年数据显示，该公司研发投入占比约为营收的 8%，净利润同比增长 27%。 中公教育则以硬件为载体实现 AI 落地。6 月推出的 "AI 就业学习机" 内置八大版本，通过 "70% 标准化 + 30% 个性化" 的服务模式，将职业测评、岗位规划、备考学习等环节整合为闭环。该产品还创新性地 引入 "企业后服务" 概念，学员入职后仍可获得持续技能提升支持，这种 "就业全周期服务" 模式 ...

内容概要：过去几年，考研人数逐年上升，尤其是在热门专业和高校的竞争中，考生们面临着巨大的压 力。为了提高自己的竞争力，越来越多的学生选择报名参加培训班，以便在备考过程中获得更专业的指 导和支持。因此，2019-2022年中国考研培训行业的市场规模呈现上升趋势。但近两年来，国内考研热 度下降，考研培训需求也随之减少，尤其是那些以考研为核心业务的培训机构。学生数量的减少直接导 致培训市场的萎缩，从而影响机构的招生和收入。据统计，2024年中国考研培训行业市场规模达到 138.5亿元，同比下降11.1%。 相关上市企业：新东方 – S（09901）、高途（GOTU）、网易有道（DAO）、中公教育（002607）、昂 立教育（600661）等。 相关企业：世纪文都教育科技集团股份有限公司、重庆万学锦创教育科技有限公司、北京启航龙图教育 科技有限公司、苏州研途教育科技有限公司、北京海天环球教育科技有限公司、北京尚学跨考教育科技 有限公司等。 关键词：考研培训、考研人数、市场规模、营业收入 一、考研培训行业相关概述 考研培训是指针对准备参加全国硕士研究生统一招生考试（简称 "考研"）的考生提供的系统化、专业 化辅导服务， ...

| 8 | | 东方财富 | 515.59 | | | --- | --- | --- | --- | --- | | 9 | | 中芯国际 | 466.49 | | | 10 | | 京东 | 456.09 | | | 11 | 8 | 快手-W | 376.96 | | | 12 | | 腾讯音乐 | 332.09 | | | 13 | | 理想汽车 | 314.71 | | | 14 | C | 贝壳 | 222.43 | | | 15 | 8 | 同花顺 | 205.28 | | | 16 | × | 小鹏汽车 | 170.92 | | | 17 | N | 科大讯飞 | 151.19 | | | 18 | | 中通快递 | 145.32 | | | 19 | 的LA | 時哪時嗎 | 102.09 | | | 20 | | 宝信软件 | 97.62 | 1 t | | 21 | | 劇来 | 93.08 | 1 | | 22 | | 恒生电子 | 87.2 | 1 t | | 23 | | 新东方 | 81.96 | 1 1 | | 24 | | 万国数据 | 78.67 | 1 t | 金十图示： ...

Group 1 - The Ministry of Education has issued a notice to ensure the safety of primary and secondary school students during the summer vacation of 2025, emphasizing the need for local authorities to implement targeted measures and clarify responsibilities [1] - Beijing's market regulatory authority has exposed five typical cases of illegal advertising in the education training sector, aiming to regulate the advertising market and remind consumers to discern compliance [2] - The Hangzhou Ecological Environment Bureau has responded to reports of multiple elementary school students experiencing nosebleeds, stating that monitoring has not revealed any excessive emissions from nearby enterprises [3] Group 2 - Guomai Technology announced that shareholder Lin Huirong has lifted the pledge on 13 million shares, representing 4.72% of his holdings and 1.29% of the company's total shares [4] - Anlong Education has approved a change in the acquisition plan for a minority stake in Shanghai Yulun Education Technology Development Co., Ltd., agreeing to purchase 20% of the equity for 13.36 million yuan [5] - New Oriental International Education has officially opened its Mong Kok campus in Hong Kong, aiming to provide comprehensive educational services for new families and local students [6]

Summary of Conference Call Company and Industry - The conference call pertains to the education industry, specifically focusing on a company involved in K-12 education and related services. Key Points and Arguments Capacity and Revenue Growth - The company anticipates a revenue growth rate of approximately 14-15% for the upcoming fiscal year, with capacity increase controlled between 10-15% to ensure higher utilization rates at each location [1][1][1] Personnel Management - The company plans to increase its workforce by no more than 10% overall, with a focus on hiring teachers, particularly in fast-growing segments like K9, which may see a 20-25% increase in personnel due to a projected revenue growth of 25-30% [2][2][2] Margin Expansion - The output margin is expected to increase by approximately 0.8 percentage points this year, with further contributions anticipated for next year, although specific margin guidance has not been provided [3][3][3] Cost Control Measures - The company is implementing cost control measures across various segments, reallocating resources from slower-growing areas to those with higher growth potential, particularly in youth education [4][4][4] International Business Trends - The company expects a decline in students going to the U.S. for education, while other regions like the UK, Australia, and Canada may see an increase, necessitating resource adjustments [5][5][5] AI Integration - The company is actively integrating AI technologies into its educational products and services, aiming to enhance efficiency and effectiveness in educational delivery [7][7][8] K-12 Business Model - The company maintains a subscription-based model rather than a direct sales approach, which is believed to be more effective in delivering educational outcomes [9][9][9] Pricing Strategy - The company plans to implement a price increase of 4-6% for K9 services, while high school services will not see a price increase. The acceptance of these price adjustments by parents remains high [14][14][14] Market Competition - The company does not perceive significant threats from smaller institutions or new entrants in the market, as the overall demand remains stable and larger institutions are better positioned to meet this demand [12][12][12] Demographic Considerations - Despite a declining birth rate affecting the overall market size, the company believes it can maintain its market share through strong brand recognition and a diverse product line catering to different educational stages [11][11][11] Other Important Content - The company is considering a regular dividend policy following a special dividend and share buyback last year, although specific details are still under discussion [5][5][5] - The company emphasizes the importance of maintaining quality education resources despite demographic changes, ensuring that the pursuit of high-quality education remains a priority [11][11][11]

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on ...