证券代码：605098 证券简称：行动教育 公告编号：2025-015 一、 通过分配方案的股东大会届次和日期 上海行动教育科技股份有限公司2024年年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.75元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/5/20 | － | 2025/5/21 | 2025/5/21 | 差异化分红送转： 否 1. 实施办法 本次利润分配方案经公司2025 年 5 月 7 日的2024年年度股东大会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本119,251,100股为基数，每股派发现金红利0.75 元（含税 ...

Investment Rating - The report maintains a "Buy" rating for the company, expecting a relative return of over 20% within the next six months [6][17]. Core Insights - The company reported a revenue of 1.3 billion, a year-on-year decrease of 7%, while the net profit attributable to the parent company was 0.28 billion, an increase of 18% year-on-year [1]. - The company is actively implementing the "236 Project" development strategy, which focuses on two major projects, three clusters, and six high-quality initiatives to enhance its position as a world-class business education platform [4]. - The company has begun to deepen its AI applications, launching the "AI Sales Master" product, which aims to enhance talent training through AI-driven assessments and insights [2][3]. Financial Performance - The company achieved a gross margin of 74%, up by 2 percentage points year-on-year, and a net margin of 22%, up by 4 percentage points year-on-year [1]. - The net cash flow from operating activities was -0.5 billion, a significant decline of 496% year-on-year, primarily due to lower sales collections and increased employee compensation payments [1]. - The company expects net profits attributable to the parent company for 2025-2027 to be 3.0 billion, 3.4 billion, and 3.8 billion respectively, with EPS projected at 2.54, 2.84, and 3.22 yuan [5][10]. Market Position - The company has a total market capitalization of approximately 4.42 billion, with a current price of 37.08 yuan per share [6]. - The company’s total assets are projected to grow from 2,096.48 million in 2023 to 3,002.20 million by 2027 [11][12].

Investment Rating - The report maintains a "Buy" rating for the company [2][8]. Core Views - In Q1 2025, the company reported revenue of 131 million yuan, a year-on-year decrease of 7.21%, while the net profit attributable to the parent company was 28 million yuan, an increase of 17.80%. The net profit after deducting non-recurring items was 23 million yuan, down 9.53% year-on-year. Contract liabilities slightly decreased to 1.048 billion yuan from 1.080 billion yuan at the beginning of the period, a decline of 2.97% [2][6]. - The company expects net profits attributable to the parent company for 2025, 2026, and 2027 to be 320 million, 380 million, and 440 million yuan respectively, corresponding to price-to-earnings ratios of 14, 12, and 10 times [2][6]. Summary by Sections Financial Performance - Q1 2025 revenue was 131 million yuan, down 7.21% year-on-year. The net profit attributable to the parent company was 28 million yuan, up 17.80%, while the net profit after deducting non-recurring items was 23 million yuan, down 9.53%. Contract liabilities were 1.048 billion yuan, slightly down from 1.080 billion yuan, a decrease of 2.97% [2][6]. Strategic Outlook - The company aims to develop 500 new major clients in 2025, focusing on enhancing brand reputation and customer loyalty, with targets for customer repurchase and referral rates both exceeding 90% [6]. Profitability Metrics - The comprehensive gross margin for Q1 2025 was 73.77%, an increase of 1.99 percentage points year-on-year. The net profit margin was 21.99%, up 4.31 percentage points year-on-year [6].

上海行动教育科技股份有限公司 2024年年度股东大会决议公告 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法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 证券代码：605098 证券简称：行动教育 公告编号：2025-014 (一) 股东大会召开的时间：2025 年 5 月 7 日 (二) 股东大会召开的地点：上海市虹桥商务区兴虹路 168 弄 A 栋 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 139 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 85,121,347 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 71.3799 | | 份总数的比例（%） | | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由公司董事会召集，董事长李践先生主持，采用现场投票和网络投 票相结合的方式召开，符合《公司法》《证券法》《公司章程》的规定，本次 ...

ZHONG LUN LU 中倫律師事務所 特殊的普通合伙 Limited Liability Partnership 北京市中伦(南京)律师事务所 关于上海行动教育科技股份有限公司 2024 年年度股东大会的 法律意见书 二〇二五年五月 深圳 · 广州 · 武汉 · 成都。 青岛 · 杭州 · 南京 · 海口 · 东京 · 香港 · 伦敦 · 纽约 36/F. Asia Pacific Business Building. 2 Hanzhong Road, Gulou District Naniing Jiangsu 210005 China 电话/Tel : +86 25 6951 1818 传真/Fax : +86 25 6951 1717 www.zhonglun.com 北京市中伦(南京)律师事务所 关于上海行动教育科技股份有限公司 2024 年年度股东大会的 法律意见书 致:上海行动教育科技股份有限公司 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司股东会 规则》(以下简称"《股东会规则》")等法律、法规和规范性文件以及《上海行动 教育科技股份有限公司章程》(以下简称"《公司章程》" ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for future performance [6]. Core Views - The company experienced a revenue decline of 7.21% year-on-year in Q1 2025, attributed to seasonal factors and a slowdown in customer engagement [2]. - Despite the revenue decline, the net profit attributable to shareholders increased by 17.80% year-on-year, largely due to non-recurring gains [1][3]. - The company is actively pursuing a large client strategy and a "Hundred Schools Plan" to expand its market presence, leveraging AI technology to enhance operational efficiency [4]. Financial Performance Summary - In Q1 2025, the company reported operating revenue of 131 million yuan, a decrease of 7.21% year-on-year, and a net profit of 28.26 million yuan, an increase of 17.80% year-on-year [1]. - The cash flow from operating activities turned negative, with a net outflow of 50.62 million yuan, primarily due to decreased sales collections and increased employee compensation [2]. - The gross profit margin for Q1 2025 was 73.77%, up by 1.99 percentage points year-on-year, while the net profit margin reached 21.99%, an increase of 4.31 percentage points year-on-year [3]. Profit Forecast and Valuation - The company’s projected net profits for 2025, 2026, and 2027 are 307 million yuan, 344 million yuan, and 383 million yuan, respectively, with corresponding EPS of 2.58 yuan, 2.89 yuan, and 3.21 yuan [5]. - The report anticipates a steady growth in revenue, with a projected increase of 11.71% in 2025 and 13.04% in 2026 [5]. - The company is expected to maintain a strong return on equity (ROE), projected to reach 30.72% in 2025 [5].

证券代码：605098 证券简称：行动教育 公告编号：2025-013 上海行动教育科技股份有限公司 关于股东大会开设网络投票提示服务的公告 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。 上海行动教育科技股份有限公司（以下简称"公司"）拟于 2025 年 5 月 7 日 14:00 召开公司 2024 年年度股东大会，本次会议采用现场投票和网络投票相 结合的表决方式。具体内容请见《关于召开 2024 年年度股东大会的通知》（公告 编号：2025-012）。 为更好地服务广大中小投资者，确保有投票意愿的中小投资者能够及时参会、 便利投票，公司拟使用上证所信息网络有限公司（以下简称"上证信息"）提供 的股东大会提醒服务，委托上证信息通过智能短信等形式，根据股权登记日的股 东名册主动提醒股东参会投票，向每一位投资者主动推送股东大会参会邀请、议 案情况等信息。投资者在收到智能短信后，可根据《上市公司股东会网络投票一 键通服务用户使用手册》（链接：https://vote.sseinfo.com/i/yjt_help.pdf） 的提示 ...

股票简称：行动教育 股票代码：605098 中国·上海 2025 年 5 月 行动教育 2024 年年度股东大会会议资料 上海行动教育科技股份有限公司 2024 年年度股东大会会议资料 1 | 43 行动教育 2024 年年度股东大会会议资料 | | | | 年年度股东大会会议须知 3 | 2024 | | --- | --- | | 年年度股东大会会议议程 5 | 2024 | | 议案一：关于公司《2024 年度董事会工作报告》的议案 7 | | | 议案二：关于公司《2024 年度监事会工作报告》的议案 8 | | | 议案三：关于公司《2024 年年度报告及摘要》的议案 9 | | | 议案四：关于公司《2024 年度财务决算报告》的议案 10 | | | 议案五：关于公司《2025 年度财务预算报告》的议案 11 | | | 议案六：关于公司《2024 年年度利润分配预案》的议案 12 | | | 议案七：关于公司《2025 年中期（包含半年度、前三季度）分红授权》的议案13 | | | 议案八：关于公司《2025 年度董事、高级管理人员薪酬方案》的议案 14 | | | 议案九：关于公司《2025 ...

上海行动教育科技股份有限公司2025 年第一季度报告 证券代码：605098 证券简称：行动教育 上海行动教育科技股份有限公司 2025 年第一季度报告 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 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人李践、主管会计工作负责人陈纪红及会计机构负责人（会计主管人员）徐天怡保证季 度报告中财务信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 对公司将《公开发行证券的公司信息披露解释性公告第 1 号——非经常性损益》未列举的项目认 定为非经常性损益项目且金额重大的，以及将《公开发行证券的公司信息披露解释性公告第 1 号 ——非经常性损益》中列举的非经常性损益项目界定为经常性损益的项目，应说明原因。 □适用 √不适用 一、主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比上年同 | | | --- | --- ...

Investment Rating - The report maintains a "Buy" rating for the company [9]. Core Insights - In 2024, the company is projected to achieve a revenue of 783 million yuan, representing a year-on-year growth of 16.54%, and a net profit attributable to shareholders of 269 million yuan, reflecting a year-on-year increase of 22.39% [2][6]. - For the fourth quarter alone, the revenue is expected to be 221 million yuan, with a year-on-year growth of 4.47%, and a net profit of 73.97 million yuan, showing a year-on-year increase of 25.84% [2][6]. - The company plans to distribute a cash dividend of 7.5 yuan per 10 shares (tax included), with a proposed dividend payout ratio of 99.47% for 2024, corresponding to a dividend yield of 6.38% [2][6]. Revenue and Profitability Analysis - The company has adopted a major client strategy, resulting in a steady increase in revenue from management training services, which is expected to reach 633 million yuan in 2024, a year-on-year increase of 6%. The management consulting business is projected to grow significantly, with revenue expected to reach 146 million yuan, a year-on-year increase of 97% [2][6]. - The total contract liabilities at the end of the period are expected to be 1.08 billion yuan, reflecting a year-on-year increase of 12.70% [2][6]. - The overall gross margin for 2024 is projected to be 76.1%, a decrease of 2.2 percentage points year-on-year, primarily due to the rapid growth of the lower-margin management consulting business [2][6]. Future Outlook - The company aims to develop 500 new major clients by 2025, leveraging a high-performance team to achieve its growth targets [2][6]. - Profit forecasts for the company indicate net profits attributable to shareholders of 320 million yuan, 376 million yuan, and 436 million yuan for 2025, 2026, and 2027 respectively, with corresponding price-to-earnings ratios of 14.79, 12.59, and 10.83 [2][6].