证券代码：600661 证券简称：昂立教育 编号：临 2025-009 上海新南洋昂立教育科技股份有限公司 第十一届董事会第十七次会议决议公告 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。 一、董事会会议召开情况 本报告已经公司第十一届董事会审计委员会第九次会议事前审议并同意提交第 十一届董事会第十七次会议，尚需提交公司 2024 年年度股东大会审议。 表决结果：11 票同意，0 票反对，0 票弃权。 2、审议通过《公司 2024 年度董事会工作报告》 具体内容详见刊登于上海证券交易所网站（http://www.sse.com.cn）的《公司 2024 年度董事会工作报告》。 本董事会工作报告尚需提交公司 2024 年年度股东大会审议。 上海新南洋昂立教育科技股份有限公司（以下简称"公司"）第十一届董事会第 十七次会议于 2025 年 4 月 27 日以现场结合视频会议方式召开。公司于 2025 年 4 月 16 日以邮件方式通知全体参会人员。本次会议由公司董事长周传有先生主持召开。 会议应当出席董事 11 人，实际出 ...

公司不触及《上海证券交易所股票上市规则》第 9.8.1 条第一款第（八）项 规定的可能被实施其他风险警示的情形。 一、利润分配方案内容 证券代码：600661 证券简称：昂立教育 编号：临 2025-012 上海新南洋昂立教育科技股份有限公司 关于 2024 年度拟不进行利润分配的公告 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。 重要内容提示： 上海新南洋昂立教育科技股份有限公司（以下简称"公司"）2024 年度利润 分配预案为：拟不进行利润分配、不进行公积金转增股本。 本次利润分配预案已经公司第十一届董事会第十七次会议、第十一届监事会 第十四次会议审议通过，尚需提交公司 2024 年年度股东大会审议。 三、公司履行的决策程序 2025 年 4 月 27 日，公司第十一届董事会第十七次会议、第十一届监事会第十四 次会议审议通过了《公司 2024 年度利润分配预案》，同意 2024 年度拟不派发现金红 利，不送红股，也不进行资本公积金转增股本。 （一）利润分配方案的具体内容 经大信会计师事务所（特殊普通合伙）审计，公司 ...

Financial Performance - The company reported a net profit attributable to shareholders of -48,584,665.39 RMB for the year 2024, compared to -187,866,826.53 RMB in 2023, indicating an improvement [7]. - Operating revenue for 2024 was 1,229,601,153.40 RMB, representing a 27.32% increase from 965,732,916.48 RMB in 2023 [25]. - The net cash flow from operating activities decreased by 28.51% to 174,024,377.07 RMB in 2024 from 243,419,956.93 RMB in 2023 [25]. - The company's total assets increased by 16.47% to 1,693,707,991.79 RMB at the end of 2024, up from 1,454,164,886.62 RMB at the end of 2023 [25]. - The basic earnings per share for 2024 was -0.18 RMB, an improvement from -0.69 RMB in 2023 [26]. - The company’s net assets attributable to shareholders decreased by 65.16% to 44,798,462.10 RMB at the end of 2024, compared to 128,577,956.73 RMB at the end of 2023 [25]. - The company did not propose any cash dividends or stock bonuses for the year 2024 [7]. - The weighted average return on equity was -46.59% for 2024, an increase of 30.61 percentage points from -77.20% in 2023 [26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -67.94 million RMB, a year-on-year reduction in loss of 90.24 million RMB [39]. - The company reported a significant increase in financial expenses by 162.97% to RMB 20,797,404.48, primarily due to increased leasing liabilities [68]. Operational Developments - The company continues to implement a dual-curve strategic framework focusing on K12 education and B2B2C business expansion [40]. - The company has enhanced its product quality and teaching standards, implementing new management regulations for teachers [41]. - The company has optimized its campus operations and is planning new campus openings based on capacity needs [41]. - The company has implemented a new campus classification management regulation to enhance management capabilities and improve the success rate of new campuses [42]. - In 2024, the company aims to strengthen its organizational capabilities and talent development by establishing an executive committee system across independent business units [43]. - The company plans to increase the proportion of four types of talent in its teaching staff by focusing on recruiting graduates from top universities [44]. - The company has introduced a 2024 employee stock ownership plan to enhance employee engagement and share the company's growth benefits [45]. - By the end of 2024, the company will focus on five major technology empowerment initiatives to improve operational efficiency and management capabilities [46]. - The company has established a robust talent development system, implementing standardized recruitment processes and a four-tier talent cultivation system to support rapid business growth [64]. Market Trends and Opportunities - The Chinese vocational education market is projected to grow from 871.9 billion yuan in 2022 to 1,268.1 billion yuan by 2027, with a CAGR of 7.8% [51]. - The non-academic vocational training segment is expected to grow at a CAGR of 12.6% from 2022 to 2027, outpacing the overall market growth [51]. - The company recognizes the increasing demand for personalized education and the importance of AI technology in transforming the education sector [49]. - The company is actively expanding its adult education division to tap into the growing silver economy [43]. - The adult learning market in China reached a size of 576.2 billion yuan in 2022, projected to exceed 1.04 trillion yuan by 2027, with a compound annual growth rate (CAGR) of 12.6% [54]. - The online adult learning market experienced a CAGR of 25.4% from 2018 to 2022, expected to reach 242.4 billion yuan by 2027, outpacing traditional offline adult learning [54]. - The company has developed a comprehensive product matrix covering all age groups from early childhood to adults, focusing on quality education and vocational training [55]. - The company is focused on maintaining its independent brand and market operations without reliance on the controlling shareholder [129]. Governance and Compliance - The company has implemented a series of regulatory rules to enhance corporate governance, including the revised "Shanghai Stock Exchange Listing Rules" and "Guidelines for Self-Regulation of Listed Companies" to protect investor rights [123]. - The board of directors consists of 11 members, with 4 independent directors, ensuring compliance with legal requirements and promoting fair decision-making [125]. - The company has maintained a transparent information disclosure process, adhering to the "Shanghai Stock Exchange Listing Rules" and ensuring timely and accurate communication with stakeholders [127]. - The company has established a robust internal control system, regularly evaluating its effectiveness and addressing any identified deficiencies [128]. - The company has not experienced any incidents of major shareholders infringing on the rights of minority shareholders during the reporting period [124]. - The company has actively engaged in investor relations management, utilizing various channels to enhance communication and understanding with investors [127]. - The company has continuously published its "Social Responsibility Report" for six consecutive years, demonstrating its commitment to stakeholder interests [126]. Strategic Initiatives - The company aims to achieve sustainable profit growth by enhancing product and organizational capabilities, focusing on quality development across four major education sectors: quality education, vocational education, international and basic education, and adult education [107]. - The vocational education sector will emphasize the construction of industry colleges and deepen the integration of education and industry, creating a three-in-one vocational education ecosystem with "academic education + vocational training + education services" [108]. - The company plans to expand its international and basic education business by focusing on regions like the Yangtze River Delta and the Pearl River Delta, enhancing its overseas study services, and increasing student enrollment through partnerships with overseas schools [110]. - The company will implement a localized product teaching system and enhance teaching quality through precise stratified teaching and a focus on product-driven business development [111]. - The company will enhance its operational management by issuing a "Campus Operation Management Manual" to improve student experience and teaching service quality [113]. - The company will invest in smart technology and AI to improve operational efficiency and innovate educational service models, focusing on five key projects for technological empowerment [114]. Risks and Challenges - The company faces increased market competition as many competitors are also transitioning into related educational fields, necessitating a strong focus on research and innovation capabilities [118]. - The company recognizes potential operational management risks due to recent business adjustments and will enhance internal management to improve risk identification and response capabilities [119]. - The company will continue to monitor regulatory changes closely to ensure compliance, especially in light of the "double reduction policy" affecting traditional subject training [117]. Shareholder and Financial Management - The company has approved a share repurchase plan through centralized bidding [145]. - The company plans to expand its employee stock ownership plan in 2024, with related proposals submitted for shareholder approval [145]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to 11.0885 million yuan [142]. - The company’s independent directors have not changed their shareholdings during the reporting period, and their remuneration totals 11.90 million yuan each [133][134]. - The company has authorized a total of up to ¥500 million for cash management, including investments in low-risk financial products [199]. - The company has invested ¥12 million in bank wealth management products, with an outstanding balance of ¥500,000 [199]. - The cash management authorization is valid until a new resolution is approved by the authorized body [199].

Financial Performance - The company's operating revenue for Q1 2025 was CNY 309,117,608.28, representing a 10.78% increase compared to CNY 279,032,431.56 in the same period last year[6]. - Net profit attributable to shareholders was CNY 13,320,765.04, up 22.93% from CNY 10,836,168.09 year-on-year[6]. - The basic earnings per share increased by 20.00% to CNY 0.0480 from CNY 0.0400 in the previous year[6]. - The weighted average return on equity rose to 23.33%, an increase of 13.97 percentage points compared to 9.36% in the same period last year[6]. - Total operating costs increased to ¥300,839,906.85 from ¥265,294,101.31, representing a growth of approximately 13.4% year-over-year[24]. - Net profit for the first quarter of 2025 was ¥14,131,704.69, up from ¥13,008,703.75, indicating a year-over-year increase of about 8.6%[25]. - Total comprehensive income for the first quarter was ¥16,073,001.10, up from ¥12,332,890.90, representing a growth of approximately 30%[26]. - The company reported a significant increase in other income, which rose to ¥2,370,765.24 from ¥603,385.19, a growth of about 292%[24]. - Investment income for Q1 2025 was CNY 3,048,501.87, a substantial increase from CNY 140,928.90 in Q1 2024, reflecting a growth of about 2,058.57%[36]. Assets and Liabilities - Total assets decreased by 7.34% to CNY 1,569,352,770.29 from CNY 1,693,707,991.79 at the end of the previous year[6]. - As of March 31, 2025, total assets amounted to ¥1,569,352,770.29, a decrease from ¥1,693,707,991.79 as of December 31, 2024[20]. - The company's cash and cash equivalents decreased to ¥421,204,827.05 from ¥605,010,213.72, reflecting a decline of 30.3%[16]. - Total current liabilities decreased to ¥1,017,941,029.48 from ¥1,163,536,437.65, a reduction of 12.5%[19]. - The company’s total liabilities decreased to ¥1,415,089,415.60 from ¥1,564,860,048.79, a reduction of 9.5%[19]. - The total liabilities rose to CNY 1,001,535,977.20 compared to CNY 897,844,987.65, indicating an increase of about 11.51%[32]. - The company’s total equity decreased to CNY 512,877,988.56 from CNY 528,217,288.70, a decline of about 2.91%[33]. Cash Flow - The net cash flow from operating activities was negative at CNY -83,604,122.22, compared to CNY -8,453,566.46 in the same period last year, indicating a significant decline[6]. - Cash flow from operating activities showed a net outflow of ¥83,604,122.22, compared to a smaller outflow of ¥8,453,566.46 in the previous year[28]. - The cash inflow from operating activities decreased to CNY 378,433.75 from CNY 2,616,842.77, indicating a decline of approximately 85.5%[38]. - Operating cash flow for Q1 2025 was CNY -20,166,234.60, compared to CNY -19,588,995.96 in Q1 2024, showing a decrease of about 2.94%[39]. - Net cash flow from financing activities amounted to $118,634,904.76, an increase from $88,771,192.51[40]. - The net increase in cash and cash equivalents was $95,367,725.78, compared to $10,326,695.11 in the previous period[40]. - The ending balance of cash and cash equivalents reached $101,207,603.73, up from $22,452,200.34[40]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,872[12]. - The proportion of shares held by the top 10 shareholders is 23.79%, totaling 68,156,380 shares as of March 31, 2025[14]. - Shareholders' equity attributable to the company increased by 54.92% to CNY 69,402,934.14 from CNY 44,798,462.10 at the end of the previous year[6]. - Shareholders' equity increased to ¥154,263,354.69 from ¥128,847,943.00, representing a growth of 19.7%[20]. Expenses - The company reported a non-recurring loss of CNY -174,463.85, after accounting for tax effects and minority interests[8]. - Research and development expenses decreased to ¥476,807.45 from ¥3,044,242.69, indicating a reduction of approximately 84.4%[24]. - The company reported a significant increase in management expenses, which rose to CNY 24,178,112.67 from CNY 17,477,965.93, marking an increase of approximately 38.36%[35]. Other Information - The company has not reported any new product launches or technological advancements in the current quarter[34].

Group 1 - The core viewpoint of the article highlights that Angli Education (600661) reported a revenue of 309 million yuan for the first quarter of 2025, reflecting a year-on-year growth of 10.78% [1] - The net profit for the same period was 13.32 million yuan, showing a year-on-year increase of 22.93% [1]

Group 1 - The education sector in Hong Kong and A-shares experienced significant gains, with notable increases in stocks such as Xijiang International Holdings (up 12.59%) and China Tongcai Education (up 9.27%) [1] - The Ministry of Education and nine other departments issued a document to accelerate the digitalization of education, emphasizing the role of artificial intelligence in educational transformation [1][2] - The Ministry of Education plans to develop a national smart education platform 2.0, incorporating advanced technologies like AI and knowledge graphs to enhance educational resources and assessment [2] Group 2 - The global AI education market is projected to grow to $26.2 billion by 2025, while the domestic AI+ education B-end market is expected to reach 47.7 billion yuan and the C-end market 28.2 billion yuan by 2027 [3] - Investment firms are optimistic about the potential of AI in education, recommending attention to companies leading in AI integration within the education sector and related IT industries [3][4]

一、董事会会议召开情况 上海新南洋昂立教育科技股份有限公司（以下简称"公司"）第十一届董事会第十六次会议于2025年4月8 日以通讯表决方式召开。公司于2025年4月2日以邮件方式通知全体参会人员。会议应当出席董事11人， 实际出席董事11人。本次会议的召集召开符合有关法律、法规和《公司章程》的要求，会议合法有效。 证券代码：600661 证券简称：昂立教育 编号：临2025-008 上海新南洋昂立教育科技股份有限 公司第十一届董事会第十六次会议 决议公告 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。 表决结果：11票同意，0票反对，0票弃权。 以上事项，特此公告。 上海新南洋昂立教育科技股份有限公司 二、董事会会议审议情况 1、审议通过《关于补选第十一届董事会专门委员会委员的议案》 调整后的各专门委员会名单如下： 战略委员会委员：周传有（主任委员）、张文浩、邹荣、张晓波、柴旻； 审计委员会委员：金宇超（主任委员）、毛振华、蒋高明、赵宏阳； 薪酬与考核委员会委员：高峰（主任委员）、邹荣、张晓波、柴旻； 提名委员会委员： ...

第十一届董事会第十六次会议决议公告 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。 一、董事会会议召开情况 上海新南洋昂立教育科技股份有限公司（以下简称"公司"）第十一届董事会第 十六次会议于 2025 年 4 月 8 日以通讯表决方式召开。公司于 2025 年 4 月 2 日以邮件 方式通知全体参会人员。会议应当出席董事 11 人，实际出席董事 11 人。本次会议的 召集召开符合有关法律、法规和《公司章程》的要求，会议合法有效。 二、董事会会议审议情况 1、审议通过《关于补选第十一届董事会专门委员会委员的议案》 证券代码：600661 证券简称：昂立教育 编号：临 2025-008 上海新南洋昂立教育科技股份有限公司 战略委员会委员：周传有（主任委员）、张文浩、邹荣、张晓波、柴旻； 审计委员会委员：金宇超（主任委员）、毛振华、蒋高明、赵宏阳； 薪酬与考核委员会委员：高峰（主任委员）、邹荣、张晓波、柴旻； 提名委员会委员：高峰（主任委员）、金宇超、张文浩、孔新宇。 表决结果：11 票同意，0 票反对，0 票弃权。 以上事 ...

上海新南洋昂立教育科技股份有限公司 为保证公司独立董事专门会议的正常运作，根据《上市公司独立董事管理办法》、 《公司独立董事工作细则（2023 年 10 月修订）》相关规定，现推举金宇超先生担任独 立董事专门会议召集和主持人，召集并主持独立董事专门会议。召集人如不履职或者 不能履职，两名及以上独立董事可以自行召集并推举一名独立董事代表主持独立董事 专门会议。 表决结果：4 票同意，0 票反对，0 票弃权。 第十一届董事会独立董事第三次专门会议决议 一、独立董事专门会议召开情况 上海新南洋昂立教育科技股份有限公司（以下简称"公司"）第十一届董事会独立 董事第三次专门会议于 2025 年 4 月 8 日以通讯表决方式召开。公司于 2025 年 4 月 2 日以邮件方式通知全体独立董事。会议应当出席独立董事 4 人，实际出席独立董事 4 人。本次会议由独立董事金宇超先生召集，会议的召集召开符合《上市公司独立董事 管理办法》、《公司独立董事工作细则（2023 年 10 月修订）》的相关规定，会议合法有 效。 二、独立董事专门会议审议情况 （一）审议通过《关于推举独立董事专门会议召集和主持人的议案》 特此决议。 上海新 ...

Investment Rating - The report maintains a positive investment outlook for the AI+Education industry, particularly highlighting companies with strong research and product capabilities that are early adopters of AI technology [2][3]. Core Insights - The AI+Education sector is experiencing significant growth, driven by advancements in AI technology, supportive policies, and a strong demand for personalized learning solutions. Companies like Duolingo and Bean Education are leading the way with innovative AI features that enhance user experience and increase user value [2][7]. - The report emphasizes the importance of both hardware and software applications in the AI+Education landscape, noting that the integration of AI into educational tools is expanding rapidly across various learning scenarios [46][62]. Summary by Sections Industry Overview - The AI+Education industry is evolving from traditional online education, with a clear trajectory towards more interactive and personalized learning experiences. Companies that have established a strong brand presence and research capabilities are well-positioned to capitalize on the increasing penetration of AI in education [13][14]. Development Drivers - Key factors driving the growth of AI+Education include a broad user base with a strong willingness to pay, supportive government policies promoting equitable access to educational resources, and technological advancements that reduce costs and improve the functionality of educational tools [29][33]. Application Scenarios - The report categorizes AI applications in education into hardware and software dimensions. In the hardware sector, smart learning devices are gaining traction, particularly in the wake of regulatory changes that limit traditional tutoring methods. In the software sector, AI-powered learning apps are emerging, offering personalized learning paths and automated grading features [46][62]. Company Insights - Duolingo is highlighted for its gamified approach and rapid user growth, with innovative features like AI-driven video calls enhancing user engagement. The company reported a DAU of 40.5 million in Q4 2024, a 51% year-over-year increase [2][69]. - Bean Education is noted for its AI capabilities that enhance user experience and increase customer value through personalized learning solutions. The company is actively exploring partnerships to develop next-generation educational products [2][69]. - Other companies such as Good Future and Youdao are also making significant strides in integrating AI into their educational offerings, with a focus on enhancing existing products and launching new applications [2][69].