Investment Rating - The report assigns an "Accumulate" rating for the industry [4]. Core Insights - The report highlights investment opportunities in the travel industry chain, gold and jewelry, and AI+ sectors [2]. - The upcoming New Year holiday is expected to boost travel and consumption, with specific recommendations for various companies in the travel and hospitality sectors [3][4]. - The retail sector showed a 6.58% increase last week, with the consumer services sector up 4.40%, ranking first and second among 30 industries [3]. Industry Summary - **Travel and Hospitality**: - Recommendations include Ctrip Group and Tongcheng Travel for OTA, Huazhu Group-S, Jinjiang Hotels, and Shoulv Hotels for hotels, and Changbai Mountain for scenic spots [3][4]. - **Gold and Jewelry**: - Recommended stocks include Lao Pu Gold, Caibai Shares, Luk Fook Holdings, Chow Tai Fook, and Chao Hong Ji, with a focus on Emperor Jewelry [3][4]. - **Dividend Stocks**: - Recommended stocks include Sumida, Action Education, and Chongqing Department Store [3]. - **AI+ Sector**: - Recommended stocks include Conant Optical, Chalk, Tianli International Holdings, and Core International, with a focus on Kevin Education and Dou Shen Education [3]. - **Stock Price Movements**: - Notable stock price increases include Hongqi Chain (+22.79%), Jiajiayue (+15.76%), Yonghui Supermarket (+15.20%), and Tianhong Shares (+13.85%) [3]. - **Key Industry Updates**: - Hainan Free Trade Port officially launched its island-wide customs closure operation, achieving sales of over 250 million yuan on the first day, a year-on-year increase of 90% [3]. - McDonald's China announced a price increase of 0.5 to 1 yuan for some menu items [3]. - Luckin Coffee and Dazhong Capital are evaluating the acquisition of Blue Bottle Coffee from Nestlé to enhance brand image and enter the high-end coffee market [3]. - **Retail Sector Data**: - November retail sales data showed a year-on-year increase of 1.3%, with a slowdown attributed to the early "Double Eleven" promotions [3]. - New store openings include JD's discount supermarket in Beijing and Meituan's Xiaoxiang Supermarket, with significant first-day revenues reported [3].

Group 1 - The report emphasizes the "Three-dimensional Resonance" in the education industry, driven by policy improvements, supply-side clearing, and demand release, indicating a shift from policy-driven to performance-driven investment logic [8][12][58] - The "AI + Education" trend is highlighted as a significant growth opportunity, with major companies actively investing in AI technologies and educational hardware, positioning themselves to benefit from this integration [8][19][24] - The report predicts a "golden decade" for the high school and college entrance examination markets due to demographic changes, with a significant increase in the number of students entering these systems [33][34] Group 2 - The education sector is experiencing a recovery, characterized by a "survivor takes all" phenomenon, where remaining companies are expected to benefit significantly from the market rebound [9][58] - The report identifies four key variables—new enrollments, renewal rates, average revenue per user, and course scheduling—that determine the profitability of education companies, indicating strong performance potential [8][12][58] - The report recommends specific companies such as Kevin Education, Action Education, Xueda Education, and Huatu Shanding for investment, while suggesting a cautious approach towards companies like Angli Education and Kede Education [3][12][11] Group 3 - The report outlines the positive impact of recent policy changes, including the recognition of reasonable demand for extracurricular training, which is expected to foster a healthier development environment for the education sector [58][62] - The introduction of a national childcare subsidy program is expected to stimulate demand for early childhood education, further supporting the education market [63][64] - The report notes that the public examination market is becoming increasingly competitive, with a significant rise in the number of candidates, indicating strong growth potential for companies involved in civil service exam training [55][51][56] Group 4 - The report highlights the rapid growth of the AI hardware market in education, projecting a market size exceeding 100 billion yuan by 2025, driven by technological advancements and increasing demand [29][30] - The report discusses the emergence of various AI educational models and products from leading companies, indicating a trend towards innovative educational solutions that leverage AI technology [24][28][27] - The report emphasizes the importance of integrating AI into educational practices, suggesting that companies that effectively adopt these technologies will enhance their competitive edge and operational efficiency [19][24][8]

Core Viewpoint - The company demonstrates confidence through a share buyback plan aimed at implementing an employee stock ownership plan or equity incentives, reflecting recognition of its future development and value [1] Group 1: Share Buyback and Confidence - The company plans to repurchase shares to enhance its long-term incentive mechanism, indicating strong confidence in future growth [1] - Key stakeholders, including directors, executives, controlling shareholders, and shareholders with over 5% ownership, have no clear plans to reduce their holdings in the next 3 to 6 months [1] Group 2: AI Strategy and Future Growth - The year 2025 is projected to be a breakthrough year for the company's AI strategy, transitioning from effective education 3.0 to effective education 4.0, which integrates AI education [1] - The company aims to enhance collaboration across technology, organization, products, and customers over the next three years [1] Group 3: Financial Performance and Projections - In Q3 2025, the company’s performance is expected to return to positive growth, with the "effective education + AI education" strategy accelerating the expansion of major clients [1] - The company is optimistic about its long-term position as a leader in effective corporate training, with projected net profits for 2025, 2026, and 2027 at 300 million, 330 million, and 370 million yuan respectively, reflecting year-on-year growth of 11.7%, 10.3%, and 10.3% [1]

Group 1 - The article presents the top 20 stocks in the S&P China A-Share Dividend Opportunity Index (CSPSADRP) based on their daily and year-to-date performance as of December 17, 2025 [1][4] - The stock with the highest daily increase is Xue Ri Co., Ltd. (002083.SZ) with a daily rise of 5.88% and a year-to-date increase of 138.85% [1][4] - Zhongyuan Marine Energy (600026.SH) and China National Materials (600970.SH) follow with daily increases of 5.48% and 4.59%, respectively, and year-to-date increases of 5.08% and 8.67% [1][4] Group 2 - The dividend yields for the top stocks range from 1.34% to 8.38%, with Nanshan Aluminum (600219.SH) offering the highest yield at 8.38% [1][4] - Other notable stocks include Tianshan Aluminum (002532.SZ) with a year-to-date increase of 80.26% and a dividend yield of 3.00%, and Action Education (605098.SH) with a year-to-date increase of 26.14% and a yield of 5.55% [1][4] - The data is sourced from the Shanghai Stock Exchange and reflects the performance as of December 17, 2025 [1][4]

Group 1: Macroeconomic Insights - The report highlights a decline in both fiscal revenue and expenditure in November, with general fiscal revenue growth turning negative and both tax and non-tax revenue growth slowing down [3] - Cumulative fiscal expenditure from January to November was 83.7%, significantly below the seasonal average of 86.7% over the past three years, indicating a slower spending pace [3] - If December's expenditure growth can rise to 10%, the total fiscal revenue for the year could exceed expenditure by approximately 630 billion, potentially creating a surplus to support 2026 spending [3] Group 2: Employment and Monetary Policy - The U.S. non-farm employment data for October and November showed significant volatility, primarily due to government sector disruptions, while the private sector remained stable [4] - The unemployment rate slightly increased, indicating a moderate slowdown in overall employment, yet the resilience of the job market remains strong [4] - Market expectations for interest rate cuts by the Federal Reserve remain unchanged, with a 24% probability of a rate cut in January 2026, suggesting a critical period for monetary policy decisions [4] Group 3: 3D Printing Industry Overview - The global 3D printing market is projected to reach $21.9 billion in 2024, with printers and services accounting for 74% and materials for 20% of the market [7] - The consumer-grade 3D printing market is expected to grow from $4.1 billion in 2024 to $16.9 billion by 2029, with Chinese manufacturers dominating 94% of the global market [8] - Industrial-grade 3D printing is heavily utilized in the aerospace sector, with significant revenue contributions from companies like Plutotech and Huazhu High-Tech, indicating a robust growth trajectory in commercial space endeavors [9] Group 4: Investment Opportunities in 3D Printing - The report identifies key players in the consumer-grade 3D printing market, including TuoZhu Technology and Chuangxiang Sanwei, which are expected to benefit from the industry's accelerated growth [10] - The industrial-grade 3D printing market is also highlighted, with companies like Plutotech and Huazhu High-Tech positioned to capitalize on the increasing demand for advanced manufacturing solutions [10] - The report emphasizes the potential of 3D printing technology in various sectors, including electronics and aerospace, suggesting a broad range of investment opportunities [10]

从资金流向上来看，当日教育板块主力资金净流入8897.44万元，游资资金净流出9332.21万元，散户资金 净流入434.78万元。教育板块个股资金流向见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 300010 | 豆神教育 | 7.02 | 4.00% | 107.88万 | 7.44亿 | | 300192 | 科德教育 | 20.17 | 3.92% | 29.31万 | 5.76 Z | | 605098 | 行动教育 | 41.92 | 3.43% | 1.46万 | 6058.29万 | | 600880 | 博瑞传播 | 4.96 | 1.85% | 1 21.01万 | 1.03亿 | | 600636 | *ST国化 | 8.37 | 1.82% | 2.86万 | 2383.31万 | | 003032 | *ST传智 | 6.14 | 0.99% | 5.37万 | 3254.29万 | | 002093 | 国脉科技 | 11.54 | 0.70% | 41. ...

证券日报网讯12月16日，行动教育（605098）发布公告称，公司第五届董事会第十一次会议审议通过 《关于以集中竞价交易方式回购公司股份的议案》，拟以不低于2000万元且不超过2500万元回购股份， 回购价格不超过45元/股，用于员工持股计划或股权激励。 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：605098 证券简称：行动教育 公告编号：2025-036 上海行动教育科技股份有限公司 第五届董事会第十一次会议决议公告 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法律责任。 一、董事会会议召开情况 上海行动教育科技股份有限公司（以下简称"公司"）第五届董事会第十一次会议通知于2025年12月11日 以邮件形式通知公司全体董事。会议于2025年12月16日10:20在公司会议室以现场结合通讯方式召开。 本次会议应出席董事7人，实际出席董事7人。会议由董事长李践先生主持，本次会议的召开符合《公司 法》《公司章程》及有关法律、法规的规定。 二、董事会会议审议情况 本次会议经与会董事充分审议，形成如下决议： （一）审议通过了关于《以集中竞价交易方式回购公司股份》的议案 基于对公司未来发展的信心和对公司价值的认可，为完善公司长效激励机制，充分调动公司员工积极 性，提高凝聚力，有效地将股东利益、公司利益和员工利益紧密结合在一起，促进公司稳定、健康、可 持续发展，增强公众投资者对公 ...

经济观察网2025年12月16日，行动教育（605098）发布公告，公司拟2000万元至2500万元回购股份，回 购价格不超过45元/股。 ...

12月16日上市公司公告精选： 【热点】 4连板百大集团：公司股票价格短期涨幅较大，存在后续下跌风险。 【业绩】 中国太保：前11月太平洋人寿保险公司保费收入同比增长9.4%。 【增减持】 【合同中标】 【重大投资】 2连板航天信息：公司目前主营业务不涉及商业航天。 2连板航天电子：公司股票存在市场情绪过热的情形。 航天工程：公司主营业务不涉及商业航天。 星环科技：目前日常经营情况正常，不存在未披露重大信息。 品茗科技：目前生产经营正常，不存在未披露重大事项。 天普股份：公司股价累计涨幅较大，已累积巨大交易风险。 航天长峰：目前公司不从事商业航天等相关业务。 华塑股份：股东拟合计减持不超2%公司股份。 孚能科技：股东计划减持不超过2%公司股份。 【回购】 行动教育：拟以2000万元—2500万元回购股份。 诺瓦星云：拟以7500万元—1.5亿元回购股份。 中国西电：子公司中标合计10.05亿元南方电网项目。 保利联合（维权）：全资子公司下属控股子公司中标15.28亿元项目。 中科电气：拟约70亿元投建年产30万吨锂离子电池负极材料一体化项目。 沃尔核材：拟不超15亿元投资扩建水口产业园项目。 协创数据：拟不超 ...