Investment Rating - The report maintains a "Recommendation" rating for the education industry, indicating a positive outlook for investment opportunities [3]. Core Insights - The education industry is experiencing a "three-dimensional resonance" with policy improvements, supply clearing, and demand release, shifting the investment logic from policy-driven to performance-driven. The industry is expected to benefit from a "Davis Double Play" in terms of performance and valuation under policy support [7][26]. - The integration of artificial intelligence (AI) into education is highlighted as a key investment theme, with leading education companies likely to benefit from the "AI + Education" trend [7][26]. Summary by Sections 1. Industry Policy Dynamics - On January 12, the Ministry of Education announced the approval of 14 new higher education institutions, including 7 public and 1 private vocational colleges [10][12]. - Guangdong plans to increase 200,000 ordinary high school seats by 2026 as part of its educational enhancement initiatives [10][12]. - Jiangsu's "AI + Education" action plan aims for over 70% penetration of new intelligent terminals by 2027 and a trillion-yuan industry scale by 2030 [10][12]. - The "China-UK Study Tour Pilot Program" was launched, facilitating deeper educational cooperation between the two countries [10][12]. 2. Company Dynamics - Zhonggong Education launched the "Zhonggong AI Interview" training product, enhancing its offerings in AI-driven education [13]. - Huatu Education held an "AI Transformation Upgrade Conference," marking its transition to an AI-driven growth model [13]. 3. Industry Performance - The education sector outperformed the CSI 300 index, with the CITIC Education Index increasing by 1.69% compared to a decline of 0.57% in the CSI 300 [7][15]. - The best-performing stocks in the education sector included Action Education (+9.65%), *ST Guohua (+7.99%), and Huatu Shanding (+4.73%) [19][20]. 4. Investment Recommendations - The report suggests focusing on three main investment lines: 1. "AI + Education" with companies like Kevin Education and Kede Education as potential leaders 2. Performance and valuation resonance with Action Education, Xueda Education, and Angli Education showing significant valuation advantages 3. Companies like Botong Co. and Huatu Shanding are actively seeking new growth avenues [26].

上海新南洋昂立教育科技股份有限公司 关于签署《和解协议》暨诉讼进展的公告 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： 证券代码：600661 证券简称：昂立教育 编号：临 2026-003 是否会对上市公司损益产生负面影响：上海新南洋昂立教育科技股份有限公 司（以下简称"公司"）前期已根据企业会计准则对该款项计提了坏账准备，目前该 款项的账面净值约为 1,962 万元。若《和解协议》顺利履行，将对公司当期产生约 488 万元收益（未考虑所得税费用等，最终数据以会计师事务所出具的公司年度审计 报告为准）。目前，公司控股子公司上海交大教育（集团）有限公司（以下简称"教 育集团"）已收到上海顺翊国际物流有限公司（以下简称"上海顺翊"）支付的 1,000 万元款项，《和解协议》最终履行情况尚存在不确定性，敬请投资者注意投资风险。 一、本次诉讼的基本情况 公司控股子公司教育集团就与上海交美管理咨询有限公司（原名：上海旭华教育 发展有限公司，以下简称"上海交美"）、上海顺翊的借款合同纠纷一案，向上海市徐 汇区人民法 ...

Core Viewpoint - The education sector experienced a decline of 2.94% on January 16, with significant losses led by BoRui Communication, while the overall market indices also saw slight decreases [1] Group 1: Market Performance - The Shanghai Composite Index closed at 4101.91, down 0.26%, and the Shenzhen Component Index closed at 14281.08, down 0.18% [1] - The education sector's individual stock performance showed varied results, with ST Dongshi rising by 4.14% and BoRui Communication falling by 6.76% [1][2] Group 2: Trading Volume and Value - ST Dongshi had a trading volume of 155,700 shares and a transaction value of 65.71 million yuan, while BoRui Communication had a trading volume of 1,274,600 shares with a transaction value of 770 million yuan [1][2] - The total net outflow of main funds in the education sector was 637 million yuan, while retail investors saw a net inflow of 494 million yuan [2] Group 3: Fund Flow Analysis - Main funds showed a net inflow in ST Guohua of 11.65 million yuan, while BoRui Communication experienced a net outflow of 797,000 yuan [3] - Retail investors contributed positively to several stocks, with notable inflows in ST ChuanZhi and Action Education, despite overall sector outflows [3]

Core Viewpoint - The company, Angli Education, has indicated that its development strategy and operational plans will be detailed in the upcoming 2025 annual report [2] Group 1 - The company responded to investor inquiries on its interactive platform [2] - Future disclosures regarding the company's strategic direction will be made in the 2025 annual report [2]

2022 年 12 月 12 日，公司收到中国证券登记结算有限责任公司上海分公司 出具的《过户登记确认书》，"上海新南洋昂立教育科技股份有限公司回购专用证 券账户"持有的 13,700,040 股股份已于 2022 年 12 月 9 日过户至"上海新南洋 昂立教育科技股份有限公司－2022 年员工持股计划"。具体内容详见公司披露的 《关于 2022 年员工持股计划股份非交易过户完成的公告》（公告编号：临 2022-081）。 2023 年 12 月 9 日，公司 2022 年员工持股计划第一期所持公司股票的锁定 期届满，根据公司 2022 年员工持股计划第一个解锁期公司层面业绩考核及个人 层面绩效考核完成情况，解锁 5,480,016 股股份，解锁比例为 100%。具体内容 详见公司披露的《关于 2022 年员工持股计划第一期锁定期届满的提示性公告》 （公告编号：临 2023-052）。 证券代码：600661 证券简称：昂立教育 公告编号：2026-002 上海新南洋昂立教育科技股份有限公司 关于 2022 年员工持股计划股票出售完毕 暨终止的公告 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 ...

Market Performance - The education sector rose by 5.78% on January 12, with Dou Shen Education leading the gains [1] - The Shanghai Composite Index closed at 4165.29, up 1.09%, while the Shenzhen Component Index closed at 14366.91, up 1.75% [1] Individual Stock Performance - Dou Shen Education (300010) closed at 8.85, up 14.64%, with a trading volume of 3.5247 million shares and a transaction value of 2.971 billion [1] - Bo Rui Chuan Bo (600880) closed at 7.12, up 10.05%, with a trading volume of 309,200 shares and a transaction value of 220 million [1] - Kaiwen Education (002659) closed at 6.85, up 9.95%, with a trading volume of 772,300 shares and a transaction value of 511 million [1] - Other notable performers include Chuangye Dengdiao (300688) at 33.39 (+6.24%), and Quantu Education (300359) at 5.87 (+5.96%) [1] Capital Flow Analysis - The education sector saw a net inflow of 130 million from institutional investors, while retail investors experienced a net inflow of 96.5441 million [2] - Retail investors had a net outflow of 226 million, indicating a mixed sentiment among different investor types [2] Detailed Capital Flow for Selected Stocks - Dou Shen Education had a net inflow of 131 million from institutional investors, but a net outflow of 139 million from retail investors [3] - Kaiwen Education saw a net inflow of 62.1994 million from retail investors, but a net outflow of 43.7355 million from institutional investors [3] - Zhonggong Education (002607) had a net inflow of 24.5869 million from retail investors, with a net outflow of 25.5291 million from institutional investors [3]

证券日报网讯1月9日，昂立教育（600661）在互动平台回答投资者提问时表示，2026年，公司将集中资 源持续深化教育培训业务发展，并积极开拓银发经济业务，将其培育为公司的第二增长曲线。 ...

（编辑 袁冠琳） 证券日报网讯 1月9日，昂立教育在互动平台回答投资者提问时表示，公司将集中资源持续深化教育培 训业务发展，并积极开拓银发经济业务，将其培育为公司的第二增长曲线。公司正在系统研究AI技术 赋能教育模式更新和管理效率提升，并已与相关公司就智能测评和网阅开展业务合作，以AI技术赋能 精准教学和个性化辅导。 ...

证券日报网讯1月9日，昂立教育（600661）在互动平台回答投资者提问时表示，公司当前主营业务为教 育培训业务，计划将银发经济业务培育为公司的第二增长曲线。 ...

（文章来源：证券日报） 证券日报网讯 1月9日，昂立教育在互动平台回答投资者提问时表示，公司当前主营业务为教育培训业 务，具体业务情况请详见公司后续披露的《2025年年度报告》。 ...