Core Insights - Angli Education, established in 1983 and listed in 1993, is a leading off-campus training enterprise in Shanghai, focusing on educational training services [1] Group 1: Business Performance - For Q3 2025, Angli Education reported revenue of 1.081 billion yuan, ranking 3rd in the industry, surpassing the industry average of 702 million yuan and median of 497 million yuan [2] - The company's net profit for the same period was 49.53 million yuan, ranking 5th in the industry, above the industry average of 32.31 million yuan [2] - The main business segment, education and services, generated 625 million yuan, accounting for 98.78% of total revenue [2] Group 2: Financial Ratios - As of Q3 2025, Angli Education's debt-to-asset ratio was 86.05%, down from 89.82% year-on-year but still above the industry average of 54.63% [3] - The gross profit margin for the same period was 46.10%, an increase from 44.12% year-on-year, but slightly below the industry average of 47.34% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 4.12% to 24,000, while the average number of shares held per shareholder decreased by 3.96% to 11,900 [5] - In the first half of 2025, the company achieved a revenue of 632 million yuan, a year-on-year increase of 11.84%, and returned to profitability with a net profit of approximately 3 million yuan [5] - The number of enrolled students in the early childhood segment reached approximately 30,500, and in the middle school segment, about 37,000, representing year-on-year growth of 104.70% and 37.04%, respectively [5]

Group 1 - The core point of the article is that the Shanghai Stock Exchange has issued an inquiry letter to Angli Education regarding its proposed acquisition of 100% equity in Shanghai Leyou Yutu International Travel Agency, highlighting concerns over the valuation methods used and the significant premium in the transaction price [1] - The transaction involves a net asset value of -9.1295 million yuan for the target company, with a transaction price of 38 million yuan, resulting in a premium rate of 516.23% [1] - Four directors abstained from voting on the acquisition proposal, indicating potential internal dissent regarding the transaction [1] Group 2 - The valuation methods employed for the target company include the asset-based approach and the income approach, with the asset-based valuation yielding -9.1254 million yuan and the income approach yielding 38.5 million yuan, resulting in a significant difference in perceived value [1] - The final transaction price was set at 38 million yuan, with an expected goodwill of approximately 47 million yuan [1] - The Shanghai Stock Exchange has requested further clarification on the assumptions and calculations used in the income approach, including revenue, costs, cash flow, and discount rates, as well as a comparison with similar industry transactions to justify the high valuation [1]

证券代码：600661 证券简称：昂立教育 编号：临 2025-043 上海新南洋昂立教育科技股份有限公司 关于收到上海证券交易所《关于资产收购事项问询函》 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 10 月 30 日收到上海证券交易所《关于资产收购事项问询函》【上证公函[2025]3809 号】（以 下简称"《问询函》"），现将相关内容公告如下： 一、《问询函》的主要内容 上海新南洋昂立教育科技股份有限公司： 2025 年 10 月 30 日晚间，公司公告拟收购上海湘宏文化旅游发展集团有限公司 （以下简称上海湘宏）持有的上海乐游誉途国际旅行社有限公司（以下简称上海乐游 或标的公司）100%股权。标的公司净资产账面价值-912.95 万元，交易作价 3,800.00 万元，溢价率 516.23%。4 名董事对本议案投出弃权票。根据本所《股票上市规则》 第 13.1.1 条的相关规定，现请你公司核实并披露以下事项。 1.关于资产评估。公告 ...

Core Viewpoint - The company, Angli Education, is acquiring 100% equity of Shanghai Leyou from Shanghai Xianghong for a total transaction price of 38 million RMB to enhance its silver-haired business services and product offerings, thereby solidifying its second growth curve and supporting the high-quality implementation and sustainable development of its silver-haired strategy [1] Group 1 - The acquisition is aimed at enriching the service content and product matrix of the silver-haired business [1] - The total transaction price is structured in two phases: 35 million RMB for the first phase and 3 million RMB for the second phase [1] - Shanghai Xianghong will manage the liquidity of Shanghai Leyou's funds and will repay its financial obligations to Shanghai Leyou after receiving the first phase of the payment [1]

证券代码：600661 证券简称：昂立教育 公告编号：2025-042 上海新南洋昂立教育科技股份有限公司 关于购买上海乐游誉途国际旅行社有限公司 100%股权的公告 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法律责任。 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"）全资子公 司上海昂立逍遥文化旅游有限公司（以下简称"逍遥文化"）拟以 3,800 万元人 民币交易对价收购上海湘宏文化旅游发展集团有限公司（以下简称"上海湘宏"） 持有的上海乐游誉途国际旅行社有限公司（以下简称"上海乐游"）100%股权。 本次交易不构成关联交易，亦不构成重大资产重组。 本次收购已经第十二届董事会第一次会议审议通过，无需提交公司股东 会审议。 一、交易概述 （一）本次交易的基本情况 1、本次交易概况 基于公司战略规划及银发业务发展需要，为丰富银发业务的服务内容和产品 矩阵，夯实公司第二增长曲线，助力银发战略的高质量实施与可持续发展，公司 全资子公司逍遥文化拟以 3,800 万元人民币交易对价收购上海湘宏持有的上海 乐游 100%股 ...

本资产评估报告依据中国资产评估准则编制 上海新南洋昂立教育科技股份有限公司拟收购 上海乐游誉途国际旅行社有限公司所涉及的 上海乐游誉途国际旅行社有限公司股东全部权益价值 资产评估报告 银信评报字（2025）第 090048 号 银信资产评估有限公司 2025 年 09 月 23 日 ( 中国资产评估协会 资产评估业务报告备案回执 | 报告编码: | 3131020026202501803 | | --- | --- | | 合同编号: | HT2025-090050 | | 报告类型: | 法定评估业务资产评估报告 | | 报告文号: | 银信评报字(2025)第090048号 | | 报告名称: | 上海新南洋昂立教育科技股份有限公司拟收购上海乐游誉途国际 旅行社有限公司所涉及的上海乐游誉途国际旅行社有限公司股东 全部权益价值资产评估报告 | | 评估结论: | 38,500,000.00元 | | 评估报告日: | 2025年09月23日 | | 评估机构名称: | 银信资产评估有限公司 | | 签名人员: | 邢晓燕 (资产评估师) 正式会员 编号:31160009 | | | 朱悦 (资产评估师) 正 ...

Core Viewpoint - The company announced a transaction to acquire 100% equity of Shanghai Leyou Yutu International Travel Agency Co., Ltd. for a total consideration of 38 million RMB, indicating a strategic move to expand its presence in the cultural tourism sector [1] Summary by Relevant Sections Transaction Details - The acquisition will be executed in two phases, with the first payment of 35 million RMB and the second payment of 3 million RMB [1] - The seller, Shanghai Xianghong Cultural Tourism Development Group Co., Ltd., has committed that the audited total revenue of Shanghai Leyou from 2025 to 2028 will not be less than 480 million RMB, and the audited net profit will not be less than 5 million RMB [1] Performance Commitment - Should the performance commitments not be met, the seller will compensate the company proportionally [1]

Core Insights - The company, Angli Education (600661.SH), reported a total operating revenue of 1.081 billion yuan for Q3 2025, with a net profit attributable to shareholders of 45.93 million yuan [1] - The net cash inflow from operating activities was 101 million yuan, which represents a decrease of 27.73 million yuan or 21.49% compared to the same period last year [1] Financial Metrics - The latest debt-to-asset ratio stands at 86.05%, ranking 11th among disclosed peers [3] - The latest gross profit margin is 46.10%, ranking 7th among disclosed peers, with a decrease of 1.22 percentage points from the previous quarter [3] - The return on equity (ROE) is reported at 34.14% [3] - The diluted earnings per share (EPS) is 0.17 yuan [3] - The total asset turnover ratio is 0.67 times, and the inventory turnover ratio is 56.66 times [3] Shareholder Information - The number of shareholders is 24,000, with the top ten shareholders holding a total of 129 million shares, accounting for 45.07% of the total share capital [3] - The top ten shareholders and their respective holdings are as follows: - CICC Investment (Group) Co., Ltd.: 8.37% - Ningbo Meishan Bonded Port Area Changjia Hongtai Investment Center (Limited Partnership): 7.04% - Shanghai Changjia Investment Co., Ltd.: 7.03% - Shanghai CICC Capital Investment Co., Ltd.: 5.50% - Shanghai Xinnanyang Angli Education Technology Co., Ltd. - 2024 Employee Stock Ownership Plan: 4.56% - Shanghai Dongfang Infrastructure Development Co., Ltd.: 3.98% - Shanghai Hengshi Investment Management Co., Ltd.: 2.64% - Changjiang Securities Co., Ltd.: 2.14% - Shanghai Jiao Tong University Industry Investment Management (Group) Co., Ltd.: 1.94% - Xinjiang Huizhong Yifu Investment Co., Ltd.: 1.86% [3]

格隆汇10月29日丨昂立教育(600661.SH)公布2025年第三季度报告，营业收入为4.49亿元，同比上升 12.31%；归属于上市公司股东的净利润为4304.26万元，同比上升18.99%；归属于上市公司股东的扣除 非经常性损益的净利润为3809.17万元，同比上升68.47%。 ...

Core Insights - The core viewpoint of the article highlights the financial performance of Angli Education for the third quarter of 2025, showcasing growth in both revenue and net profit [1] Financial Performance - Angli Education reported a revenue of 449 million yuan, representing a year-on-year increase of 12.31% [1] - The net profit attributable to shareholders of the listed company was 43.04 million yuan, reflecting a year-on-year growth of 18.99% [1]