Market Overview - The education sector experienced a decline of 0.46% on August 28, with ST Dongshi leading the drop [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] Individual Stock Performance - China High-Tech (600730) saw a significant increase of 6.26%, closing at 9.51 with a trading volume of 446,300 shares and a turnover of 414 million yuan [1] - Kede Education (300192) rose by 2.25%, closing at 24.13 with a trading volume of 819,900 shares and a turnover of 192.6 million yuan [1] - ST Dongshi (603377) led the decline with a drop of 5.01%, closing at 3.79 with a trading volume of 344,400 shares and a turnover of 132 million yuan [2] - Xueda Education (000526) fell by 4.36%, closing at 48.97 with a trading volume of 76,300 shares and a turnover of 371 million yuan [2] Capital Flow Analysis - The education sector saw a net outflow of 479 million yuan from institutional investors, while retail investors contributed a net inflow of 350 million yuan [2] - Major stocks like China High-Tech and Xueda Education experienced mixed capital flows, with China High-Tech seeing a net inflow of 17.98 million yuan from institutional investors [3] - ST Dongshi and Kede Education faced significant net outflows from institutional investors, indicating potential concerns among larger investors [3]

Market Overview - The education sector increased by 1.1% on August 26, with ST Dongshi leading the gains [1] - The Shanghai Composite Index closed at 3868.38, down 0.39%, while the Shenzhen Component Index closed at 12473.17, up 0.26% [1] Individual Stock Performance - ST Dongshi (603377) closed at 3.96, up 5.04% with a trading volume of 236,300 shares and a transaction value of approximately 93.59 million yuan [1] - Xueda Education (000526) closed at 53.49, up 3.40% with a trading volume of 44,800 shares and a transaction value of approximately 238 million yuan [1] - Chuangye Education (300688) closed at 36.85, up 2.88% with a trading volume of 221,500 shares and a transaction value of approximately 819 million yuan [1] - Guomai Technology (002093) closed at 13.28, up 2.87% with a trading volume of 831,400 shares and a transaction value of approximately 1.097 billion yuan [1] - Kede Education (300192) closed at 26.32, up 1.58% with a trading volume of 1,385,700 shares and a transaction value of approximately 3.71 billion yuan [1] Capital Flow Analysis - The education sector experienced a net outflow of 531 million yuan from institutional investors, while retail investors saw a net inflow of 417 million yuan [2] - The main capital inflow and outflow for individual stocks showed varied trends, with Guomai Technology receiving a net inflow of approximately 72.95 million yuan from institutional investors [3] - ST Dongshi experienced a net outflow of approximately 8.08 million yuan from institutional investors, despite a net inflow of 4.55 million yuan from speculative funds [3]

Market Overview - On August 20, the education sector rose by 0.8% compared to the previous trading day, with ST Kaiyuan leading the gains [1] - The Shanghai Composite Index closed at 3766.21, up 1.04%, while the Shenzhen Component Index closed at 11926.74, up 0.89% [1] Individual Stock Performance - ST Kaiyuan (300338) closed at 4.38, with a significant increase of 13.77% and a trading volume of 330,700 shares, amounting to a transaction value of 139 million yuan [1] - Other notable performers included: - ST Dongshi (603377) with a closing price of 3.26, up 5.16% [1] - China Gaoke (600730) at 9.21, up 4.19% [1] - Action Education (605098) at 38.47, up 1.72% [1] - *ST Chuan Zhi (003032) at 6.75, up 1.35% [1] Capital Flow Analysis - The education sector experienced a net outflow of 139 million yuan from institutional investors, while retail investors saw a net inflow of 119 million yuan [2] - The overall capital flow for individual stocks showed mixed results, with some stocks like China Gaoke experiencing a net inflow of 48.97 million yuan from institutional investors [3] - Conversely, stocks like ST Kaiyuan and Action Education faced net outflows from institutional investors, indicating varied investor sentiment across the sector [3]

Summary of Conference Call Notes Company and Industry Overview - The company operates in the education and training industry, specifically focusing on professional training and consulting services. [2][4][18] Key Points and Arguments 1. **Performance Impact**: The company's performance in Q2 was affected by the trade war and low reporting rates in the Midwest, but there has been a marginal improvement since June, with significant increases in new training participants in July and August, indicating potential outperformance in Q3. [2][4] 2. **Revenue Growth Target**: The company aims for a 5%-10% growth in advance payments for the year. [2] 3. **Regional Adjustment**: The company has restructured its regional divisions from five to three, increasing the number of subsidiaries within each region, which has effectively improved new training numbers and reporting rates, with a 60% increase in performance attributed to this change. [2][5][8] 4. **Focus on Diversification**: The company is pursuing a diversification strategy, particularly in the industrial and new energy sectors, to mitigate future risks and ensure stable business growth. [2][9] 5. **Client Development Goals**: The company plans to increase its number of major clients by 20% by 2025, targeting 350 to 360 clients. [2][11] 6. **"Bai Shang Plan"**: The company has initiated the "Bai Shang Plan," aiming to establish 10 operational points by year-end, with each mature point expected to contribute between 20 million to 30 million yuan in revenue. [2][11] 7. **Talent Acquisition Strategy**: The company is focusing on attracting experienced city general managers from the industry to enhance its client development capabilities. [2][12] 8. **Training Business Performance**: In the first half of 2025, the training business accounted for 72% of total revenue, with management consulting growing by 3% compared to 2024. [4] 9. **Market Outlook**: The company anticipates a release of pent-up demand in Q3, with expectations to compensate for earlier losses and achieve a slight increase in revenue. [7] 10. **AI Integration**: The use of AI tools has improved new employee performance and retention rates, with plans to potentially extend these tools to existing employees in the future. [3][17] 11. **Competitive Advantage**: The company emphasizes its systematic courses as a competitive advantage over modular courses, which are less comprehensive. [18] Additional Important Information - **No Price Increase Plans**: There are currently no plans to increase prices for core courses, with future adjustments dependent on market conditions. [16] - **Market Response Strategies**: The company has outlined strategies to adapt to various market conditions, including proactive measures during downturns and capitalizing on opportunities when competitors struggle. [15] - **Recruitment Standards**: The company has established specific criteria for recruitment to ensure the acquisition of high-quality talent, focusing on candidates' past performance and potential for growth within the company. [13]

Group 1 - The company, Action Education, announced a profit distribution plan for the first half of 2025, proposing a cash dividend of 1 yuan per share (tax included) for A-shares [2] - The record date for the dividend is set for August 22, 2025, and the ex-dividend date is August 25, 2025 [2]

Core Viewpoint - Shanghai Action Education Technology Co., Ltd. has announced a cash dividend distribution of 1.00 RMB per share for its A shares, totaling 119,251,100 RMB based on the total share capital of 119,251,100 shares [1][2]. Distribution Plan - The cash dividend distribution is based on the total share capital of 119,251,100 shares, resulting in a total cash dividend payout of 119,251,100 RMB [2]. - The relevant dates for the dividend distribution are as follows: - Record date: August 22, 2025 - Last trading day: August 25, 2025 - Ex-dividend date: August 25, 2025 - Cash dividend payment date: August 25, 2025 [1][2]. Implementation Method - The cash dividends will be distributed through China Securities Depository and Clearing Corporation Limited Shanghai Branch to shareholders registered as of the record date [2]. - Shareholders who have completed designated transactions can receive their cash dividends at their designated securities business department on the payment date [2][3]. Taxation Details - The actual tax burden for individual and securities investment fund shareholders varies based on the holding period: - For holdings of 1 month or less, the tax burden is 20% - For holdings between 1 month and 1 year, 50% of the dividend is included in taxable income - For holdings over 1 year, dividends are exempt from personal income tax [3]. - For qualified foreign institutional investors (QFII), a 10% withholding tax applies, resulting in a net cash dividend of 0.90 RMB per share [3][4].

证券代码：605098 证券简称：行动教育 公告编号：2025-022 上海行动教育科技股份有限公司 2025年半年度权益分派实施公告 A 股每股现金红利1.00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 | 2025/8/22 | － | 2025/8/25 | 2025/8/25 | 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 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 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1.00 元（含税），共计派发现金红利119,251,100元。 四、 分配实施办法 （2）派送红股或转增股本的，由中国结算上海分公司根据股权登记日上海证券交易所收 市后登记在册股东持股数，按比例直接计入股东账户。 经公司2025 年 5 月 7 日的2024年年度股东大会审 ...

Market Performance - The education sector rose by 2.16% on August 18, with Dou Shen Education leading the gains [1] - The Shanghai Composite Index closed at 3728.03, up 0.85%, while the Shenzhen Component Index closed at 11835.57, up 1.73% [1] Individual Stock Performance - Dou Shen Education (300010) closed at 9.16, up 5.53%, with a trading volume of 2.3988 million shares and a turnover of 2.203 billion yuan [1] - Other notable performers included: - Zhong Gong Education (002607) at 3.00, up 3.81%, with a turnover of 1.476 billion yuan [1] - Quan Tong Education (300359) at 6.34, up 3.09%, with a turnover of 151 million yuan [1] - Kevin Education (002659) at 5.33, up 2.11%, with a turnover of 121 million yuan [1] Capital Flow Analysis - The education sector saw a net inflow of 27.6198 million yuan from institutional investors, while retail investors contributed a net inflow of 12 million yuan [2] - However, there was a net outflow of 148 million yuan from speculative funds [2] Detailed Capital Flow for Selected Stocks - Zhong Gong Education had a net inflow of 1.30 million yuan from institutional investors, but a net outflow of 6.6907 million yuan from speculative funds [3] - Dou Shen Education experienced a net inflow of 1.25 million yuan from institutional investors, with a significant net outflow of 16.7 million yuan from speculative funds [3] - Action Education (605098) saw a net inflow of 13.6884 million yuan from institutional investors [3]

Core Insights - The current state of the Chinese economy is characterized by a transition period, with companies facing challenges such as stagnant growth and homogenized competition [1][3] - The 9th Entrepreneur Principal Festival, themed "Towards the First Growth Power," aims to provide insights and strategies for companies to overcome growth bottlenecks and lead their industries [1][3] Group 1: Event Overview - The Entrepreneur Principal Festival has successfully attracted nearly 10,000 business leaders over its eight-year history, distinguishing itself from traditional forums by focusing on thematic learning [3] - The event will feature over a thousand domestic and international entrepreneurs from various sectors, including manufacturing, retail, consumption, and technology [6] Group 2: Thematic Focus - The festival will analyze growth power solutions through three dimensions: macro, meso, and micro [4] - At the macro level, the focus will be on the economic changes in the AI+ era, with insights from notable economists on how AI can reshape economic structures and create new growth opportunities [4][5] - The meso level will involve discussions from leading companies on their growth journeys, sharing strategies for market positioning and overcoming cyclical challenges [4][5] Group 3: Practical Applications - At the micro level, practical sessions will be led by experts on building organizational growth capabilities through AI and strategic positioning [5] - The event will facilitate deep discussions among entrepreneurs to collaboratively address growth challenges, fostering resilience and a symbiotic industry ecosystem [7]

Market Performance - The education sector increased by 1.18% on August 15, with Kede Education leading the gains [1] - The Shanghai Composite Index closed at 3696.77, up 0.83%, while the Shenzhen Component Index closed at 11634.67, up 1.6% [1] Individual Stock Performance - Kede Education (300192) closed at 17.66, up 5.37% with a trading volume of 402,900 shares and a turnover of 700 million yuan [1] - Guomai Technology (002093) closed at 13.02, up 4.75% with a trading volume of 855,800 shares and a turnover of 1.101 billion yuan [1] - Other notable performers include ST Chuan Zhi (003032) up 2.01%, ST Kaiyuan (300338) up 1.57%, and Quanta Education (300359) up 1.32% [1] Capital Flow Analysis - The education sector saw a net inflow of 208 million yuan from institutional investors, while retail investors experienced a net outflow of 91.036 million yuan [2] - The main capital inflow was observed in Guomai Technology with a net inflow of 188 million yuan, while Kede Education had a net inflow of 76.81 million yuan [3] Summary of Trading Data - The trading data for various education stocks indicates mixed performance, with some stocks like Xueda Education (000526) declining by 3.98% [2] - The overall capital flow indicates a preference for institutional investment in certain stocks while retail investors are pulling back [2][3]