Core Viewpoint - The company, Angli Education, is selling its wholly-owned subsidiary Kensington Park School Limited (KPS) for £80,000 (approximately 760,100 RMB), which is expected to generate an investment gain of about 20 million RMB despite KPS having negative net assets in the past two years [2][3]. Group 1: Company Financials - As of September 19, 2025, Angli Education's stock closed at 10.81 RMB, up 0.84% from the previous week [1]. - The total market capitalization of Angli Education is 3.098 billion RMB, ranking 13th out of 16 in the education sector and 4415th out of 5153 in the A-share market [1]. - KPS reported negative net assets of -28.6353 million RMB and -19.8343 million RMB in the last two years, with a net profit of -9.9898 million RMB for the year 2024 [2][3]. Group 2: Transaction Details - The sale of KPS does not constitute a related party transaction or a major asset restructuring, and it does not require shareholder approval [2]. - The assessment report values the total equity of KPS at £50,000 (approximately 480,000 RMB) [2]. - The company will not provide guarantees, entrust financial management, or occupy funds related to KPS after the transaction [2]. Group 3: Strategic Initiatives - Angli Education plans to advance AI+ education to reduce customer acquisition costs [3]. - The revenue from vocational education business accounted for 6.37% of total revenue in 2024 [3].

Summary of Key Points Core Viewpoint - The company participated in the 2025 Shanghai Listed Companies Collective Reception Day and Mid-Year Performance Briefing, where it engaged with investors regarding its operational results, financial status, and development strategies. Group 1: Company Performance and Strategy - The company reported that its vocational education business accounted for 6.37% of revenue in 2024, focusing on "managed + consulting planning + implementation services" and "integration of industry and education" [2] - The company aims to enhance product quality and teaching standards to improve brand influence and reduce customer acquisition costs [2] - The company has initiated stock buybacks since 2024 to maintain company value and shareholder rights, with future plans for the repurchased shares based on the buyback report [3] Group 2: Financial Health and Management - The company is addressing its low net profit margin by improving product quality, enhancing talent development, and optimizing management efficiency [4][5] - The company plans to strengthen its four major business segments: quality education, vocational and basic education, international education, and adult education, to increase operational profits and improve net assets [5] - The company acknowledged a high asset-liability ratio exceeding 90% due to its business model of charging fees before training, which results in high contract liabilities [7] Group 3: Market Position and Competitive Advantage - The company's core competitive advantages include a strong brand image, diverse educational resources, centralized operational management, and continuous innovation capabilities [6] - The company is exploring adult education opportunities, particularly targeting the elderly demographic and enhancing skills for university students and working professionals [8]

Core Viewpoint - The core competitiveness of Angli Education is highlighted during the event, emphasizing its strong brand image, diverse educational resources, and innovative capabilities [1] Summary by Relevant Categories Core Competitiveness - The company’s core competitiveness is primarily reflected in its strong brand image and reputation [1] - It possesses a rich array of educational resources and product categories [1] - The company has a well-coordinated operational management system through its teaching centers [1] - Continuous iteration, upgrading, and innovation capabilities are key strengths [1] - The company demonstrates agility in response to changes and resilience against risks [1]

证券代码：600661 证券简称：昂立教育 编号：临 2025-033 暨中报业绩说明会召开情况的公告 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个别及连带责任。 上海新南洋昂立教育科技股份有限公司（以下简称"公司"）于 2025 年 9 月 19 日 15:00-17:00 参加由中国证券监督管理委员会上海监管局指导、上海上市公司协会 及深圳市全景网络有限公司联合举办的"2025 年上海辖区上市公司集体接待日暨中 报业绩说明会活动"，现将本次业绩说明会召开情况公告如下： 一、本次说明会召开情况 2025 年 9 月 12 日，公司在《上海证券报》、《中国证券报》、《证券时报》和上海 证券交易所网站（http://www.sse.com.cn）上披露《关于参加 2025 年上海辖区上市公 司集体接待日暨中报业绩说明会的公告》（公告编号：临 2025-030）。公司董事长兼总 裁周传有先生、独立董事金宇超先生、联席总裁吴竹平先生、财务总监吉超先生、董 事会秘书徐敬云先生出席本次业绩说明会，就公司经营成果、财务状况、发展战略等 情况与投 ...

Core Viewpoint - The education sector experienced a decline of 1.28% on September 18, with China Gaoke leading the drop, while the Shanghai Composite Index fell by 1.15% and the Shenzhen Component Index decreased by 1.06% [1]. Group 1: Market Performance - The education sector's individual stock performance varied, with Action Education rising by 2.24% and several others, including ST Dongshi and Guomai Technology, experiencing declines of 1.65% and 1.72% respectively [1]. - The closing prices and trading volumes of notable education stocks were reported, indicating a mixed performance across the sector [1]. Group 2: Capital Flow - The education sector saw a net outflow of 254 million yuan from main funds, while retail investors contributed a net inflow of 219 million yuan [3]. - The data suggests a divergence in investment behavior, with institutional investors pulling back while retail investors increased their participation [3].

Market Overview - On September 17, the education sector declined by 1.09%, with China High-Tech leading the drop [1] - The Shanghai Composite Index closed at 3876.34, up 0.37%, while the Shenzhen Component Index closed at 13215.46, up 1.16% [1] Individual Stock Performance - Major stocks in the education sector showed mixed results, with Xueda Education (code: 000526) increasing by 0.86% to close at 47.08, while China High-Tech (code: 600730) fell by 4.80% to close at 10.11 [1][2] - Other notable declines included Kewen Education (code: 002659) down 1.36% and Keda Education (code: 300192) down 2.24% [2] Trading Volume and Capital Flow - The education sector experienced a net outflow of 343 million yuan from institutional investors, while retail investors saw a net inflow of 283 million yuan [2] - The total trading volume for the education sector was significant, with Xueda Education achieving a transaction amount of 1.28 billion yuan [1] Capital Flow Analysis - Among individual stocks, Xueda Education had a net inflow of 12.49 million yuan from institutional investors, while China High-Tech saw a net outflow of 4.19 million yuan [3] - The capital flow data indicates that retail investors were more active in the sector, with significant inflows into stocks like Kewen Education and Guomai Technology [3]

Core Viewpoint - The company plans to sell 100% equity of Kensington Park School Limited (KPS) for £80,000 (approximately ¥760,100) to Hong Kong KS Education Group Limited (KSE), which has been approved by the board of directors and does not constitute a related party transaction or a major asset restructuring [1][9][11]. Group 1: Transaction Overview - The sale of KPS is part of the company's strategy to optimize its asset structure and resource allocation, aiming to improve asset operation efficiency [29]. - The company has received a deposit of $27,880 (approximately ¥199,300) from KSE for the transaction [9]. - The board of directors approved the sale with 10 votes in favor and 1 abstention, with no opposing votes [10][32]. Group 2: Background and Financial Context - KPS has faced significant operational challenges due to various factors, including the global pandemic, geopolitical crises, and changes in UK education policies, leading to substantial cumulative losses [17][18]. - The company acquired KPS in 2022 and attempted to improve its operations, but continued pressures have resulted in projected EBITDA losses from 2025 to 2027 [29]. - The decision to sell KPS is expected to generate approximately ¥20 million in investment income and increase the company's net assets by about ¥27 million [29]. Group 3: Valuation and Pricing - The valuation of KPS was assessed at £50,000 (approximately ¥480,000) based on an evaluation report, with a significant increase in value of £20,314.3 (102.42% increase) [11][21]. - The agreed transaction price of £80,000 reflects a negotiated amount above the assessed value, indicating a strategic decision to divest from a non-core asset [11][22]. Group 4: Impact on Company - The sale aligns with the company's strategic transformation post "double reduction" policy, focusing on core business areas such as quality education and international education [29]. - Following the sale, the company will no longer hold any shares in KPS, leading to changes in its consolidated financial statements [29].

Core Viewpoint - The company, Angli Education, is selling its wholly-owned subsidiary, Kensington Park School Limited, for £80,000 (approximately 760,100 RMB), which is expected to generate an investment gain of about 20 million RMB [1][2]. Group 1: Company Financials - As of September 16, 2025, Angli Education's stock closed at 10.83 RMB, up 1.4% from the previous trading day, with a total market capitalization of 3.103 billion RMB [1]. - The subsidiary KPS reported negative net assets of -28.6353 million RMB and -19.8343 million RMB in the last two years, with a net profit of -9.9898 million RMB for the fiscal year 2024 [1]. Group 2: Transaction Details - The transaction does not constitute a related party transaction or a major asset restructuring and has been approved by the company's board of directors without the need for shareholder meeting approval [1]. - The board's voting results were 10 votes in favor, 0 against, and 1 abstention, with one director abstaining due to a potential conflict of interest [2]. Group 3: Impact on Company Structure - Following the completion of the transaction, the company's consolidated financial statements will change, and there are no guarantees, entrusted financial management, or fund occupation related to KPS [1].

Core Viewpoint - Several listed companies in the Shanghai and Shenzhen stock markets announced significant developments, including financing arrangements, asset sales, and strategic partnerships, which may present investment opportunities and risks for investors [4][5][6][8][9][10]. Financing and Borrowing - Vanke A announced that its largest shareholder, Shenzhen Metro Group, will provide a loan of up to 2.064 billion yuan to repay bond principal and interest, with a loan term of no more than three years and a floating interest rate based on the LPR minus 66 basis points [4]. - Jianfeng Group obtained a loan commitment of up to 36 million yuan from China Merchants Bank for stock repurchase, with a loan term of no more than 36 months at an interest rate of 1.8% [11]. Asset Sales and Acquisitions - Angli Education plans to sell 100% of Kensington Park School Limited for 80,000 pounds (approximately 760,100 yuan) to alleviate financial pressure [5]. - Guang'an Aizhong intends to acquire 90% of Qitai Hengtai at a price of 0 yuan, with plans for further investment in renewable energy projects [12][13]. - Suzhou Planning aims to acquire 80% of Kunshan Development Zone Architectural Design Institute for 831,720 yuan [18]. Regulatory and Compliance Issues - Haohai Biotechnology's controlling shareholder received an administrative penalty notice from the CSRC for suspected insider trading, although it is stated that this will not significantly impact the company's operations [7]. - Yunding Technology received a warning letter from the Shandong Securities Regulatory Bureau for inaccurate financial disclosures in its 2015 annual report [8]. Performance and Forecasts - Brothers Technology expects a net profit of 100 million to 115 million yuan for the first three quarters of 2025, representing a year-on-year increase of 207.32% to 253.42%, driven by rising prices of certain vitamin products and improved production efficiency [21]. Strategic Partnerships and Contracts - Jiuzhou Yiqu signed a strategic cooperation agreement with China Electric Power Construction Group Chengdu Survey and Design Institute to enhance collaboration in the rail transit sector [22]. - Luxiao Technology's subsidiary signed a strategic cooperation agreement to develop AI service robots for the US and European markets, aiming to sell at least 1 million units by 2026-2028 [23]. - China Shipbuilding Technology signed a green methanol sales contract worth approximately 40 million USD per year, with potential increases based on customer demand [24]. Stock Transactions and Shareholder Actions - Several companies, including Maidi Technology and Xin Hua Co., announced plans for shareholders to reduce their stakes, with reductions ranging from 1.7% to 3% of total shares [29][30][31][34][35].

Core Viewpoint - The company, Angli Education, announced the sale of its wholly-owned subsidiary, Kensington Park School Limited (KPS), for £80,000 (approximately RMB 760,100) to Hong Kong KS Education Group Limited (KSE), expecting an investment gain of approximately RMB 20 million from the transaction [1][2]. Group 1: Transaction Details - The sale price of KPS was determined using the income approach, with the book value of KPS's equity as of July 31, 2025, estimated at -RMB 19.8343 million, and the assessed value at £50,000 (approximately RMB 480,000), resulting in an appraisal increment of RMB 20.3143 million and an increase rate of 102.42% [2]. - The transaction is expected to increase the company's net assets by approximately RMB 27 million [3]. Group 2: Business Context - KPS has faced operational challenges due to factors such as the global pandemic, changes in UK education policy (including a 20% VAT on private school fees starting in 2025), a decrease in international student enrollment, and declining birth rates in London, leading to significant cumulative losses [2]. - Following the "double reduction" policy, the company is focusing on strategic transformation, emphasizing quality education, vocational and foundational education, international education, and adult education, while KPS's overseas operations have low synergy with domestic business [2]. Group 3: Historical Context - The company acquired KPS through a complex judicial process, initially providing a loan of RMB 113 million to a participating fund, which was not repaid. In 2022, the company acquired 99.6% of the fund's equity through judicial auction for RMB 800,000, thus gaining full control of the fund and its core asset, KPS [3].