Core Insights - The education sector experienced a slight increase of 0.35% on November 5, with Guomai Technology leading the gains [1] - The Shanghai Composite Index closed at 3969.25, up 0.23%, while the Shenzhen Component Index closed at 13223.56, up 0.37% [1] Education Sector Performance - Guomai Technology (002093) closed at 11.89, up 3.93% with a trading volume of 627,700 shares and a transaction value of 741 million [1] - Other notable performers included *ST Chuan Zhi (003032) with a 3.81% increase, and Xue Da Education (000526) with a 1.50% increase [1] - Conversely, Kevin Education (002659) saw a slight decline of 0.17%, while both Dou Shen Education (300010) and Zhong Gong Education (002607) experienced declines of 0.28% and 0.37% respectively [1][2] Capital Flow Analysis - The education sector saw a net outflow of 685,200 yuan from institutional investors, while retail investors contributed a net inflow of 1,083,120 yuan [2][3] - Guomai Technology had a net inflow of 69.57 million yuan from institutional investors, while *ST Chuan Zhi experienced a net inflow of 6.85 million yuan [3] - In contrast, Dou Shen Education and *ST Guo Hua faced significant net outflows of 3.04 million yuan and 6.32 million yuan from institutional investors respectively [3]

Group 1 - The core point of the announcement is that Action Education has declared a cash dividend of 0.5 yuan per share (tax included) for the third quarter of 2025 [1] - The record date for the dividend is set for November 6, 2025, and the ex-dividend date is November 7, 2025 [1]

证券代码：605098 证券简称：行动教育 公告编号：2025-031 上海行动教育科技股份有限公司 2025年第三季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。 每股分配比例 A 股每股现金红利0.5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 | 2025/11/6 | － | 2025/11/7 | 2025/11/7 | 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 经公司 2025 年 5 月 7 日的 2024 年年度股东大会审议通过《关于公司<2025 年 中期（包含半年度、前三季度）分红授权>的议案》，授权公司董事会决定 2025 年 中期（包含半年度、前三季度）利润分配方案并实施。故本次利润分配方案无需 提交股东大会审议。 二、 分配方案 1. 发放年度：2025年第三季度 2. 分派对象： 重要内容提示： 截至股权登记日下午上海证券交易所收市 ...

Group 1 - The company Action Education (605098.SH) announced a cash dividend distribution plan for the first half of 2025, with a total of 1.19 million shares as the basis for the distribution [1] - Each share will receive a cash dividend of 0.5 yuan (including tax), totaling 59.6256 million yuan in cash dividends to be distributed [1] - The record date for the dividend is set for November 6, 2025, and the payment date is November 7, 2025 [1]

行动教育 2025 年第一次临时股东大会会议资料 上海行动教育科技股份有限公司 2025 年第一次临时股东大会会议资料 股票简称：行动教育 股票代码：605098 中国·上海 2025 年 11 月 1 | 8 行动教育 2025 年第一次临时股东大会会议资料 目 录 2 | 8 行动教育 2025 年第一次临时股东大会会议资料 上海行动教育科技股份有限公司 2025 年第一次临时股东大会会议须知 尊敬的各位股东及股东代表： 为维护全体股东的合法权益，确保股东及股东代表在上海行动教育科技股份 有限公司（以下简称"公司"）2025 年第一次临时股东大会期间依法行使权利， 保证股东大会的正常秩序和议事效率，根据《中华人民共和国公司法》《上市公 司股东会规则》及《公司章程》等有关规定，特制定本须知： 一、 本次大会期间，全体参会人员应以维护股东的合法权益，确保大会的正 常秩序和议事效率为原则，自觉履行法定义务。 二、 为保证本次大会的严肃性和正常秩序，除出席会议的股东、董事、监事、 高级管理人员、公司聘任律师及中介机构外，公司有权依法拒绝其他人员入场。 会议期间，请遵守会场秩序，为保证每位参会股东的权益，谢绝个人录 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company's Q3 performance showed recovery, with significant cost reduction measures and the implementation of AI driving long-term growth. Revenue for Q3 reached 220 million yuan, a year-on-year increase of 27.9%, while net profit attributable to the parent company was 80 million yuan, up 42.8% year-on-year. The gross margin improved to 80.2%, reflecting a 4.8 percentage point increase year-on-year [4][6] - The company has a robust order book with contract liabilities of 1.048 billion yuan, an 8.7% year-on-year increase, indicating stable demand [4] - The "Hundred School Plan" combined with AI is expected to enhance customer acquisition and drive long-term growth, with forecasts for net profit attributable to the parent company of 299 million, 349 million, and 411 million yuan for 2025, 2026, and 2027 respectively [4][6] Financial Summary - For the first three quarters of 2025, the company reported total revenue of 570 million yuan, a 0.5% increase year-on-year, and a net profit of 210 million yuan, reflecting a 10.4% increase year-on-year [4] - The company's financial projections indicate a steady growth trajectory, with expected revenues of 823 million, 987 million, and 1.167 billion yuan for 2025, 2026, and 2027 respectively, alongside net profits of 299 million, 349 million, and 411 million yuan for the same years [7][9] - The company maintains a high dividend payout ratio, with a proposed cash dividend of 0.5 yuan per share for Q3 2025, resulting in a cash dividend ratio of 71.49% [5]

Core Viewpoint - Action Education, a leading enterprise management training company, has shown strong financial performance in Q3 2025, with significant revenue and profit growth, alongside a robust dividend policy and expansion plans [2][5][6]. Group 1: Business Overview - Action Education was established on March 27, 2006, and went public on April 21, 2021, on the Shanghai Stock Exchange, with its headquarters in Shanghai [1]. - The company specializes in enterprise management training, consulting services, and related audio-visual products, holding a strong brand and course system advantage [1]. Group 2: Financial Performance - For Q3 2025, Action Education reported a revenue of 566 million yuan, ranking 4th among 11 companies in the industry, with the top competitor, Xueda Education, generating 2.613 billion yuan [2]. - The company's net profit for the same period was 217 million yuan, placing it 2nd in the industry, just behind Xueda Education's 227 million yuan [2]. - The main revenue sources included management training at 285 million yuan (82.99%) and management consulting at 54.44 million yuan (15.83%) [2]. Group 3: Financial Ratios - As of Q3 2025, Action Education's debt-to-asset ratio was 55.37%, higher than the industry average of 54.63% [3]. - The gross profit margin for the same period was 78.54%, exceeding the industry average of 47.34% [3]. Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 2.37% to 8,087, while the average number of shares held per shareholder decreased by 2.31% to 14,700 shares [5]. - The company distributed a cash dividend of 0.5 yuan per share in Q3 2025, totaling 59.626 million yuan, with a dividend payout ratio of 71.49% [5]. Group 5: Future Outlook - Action Education plans to open 100 new branches in key cities across the country over the next 3-5 years as part of its "Hundred Schools Plan" [5]. - The company is leveraging AI to enhance recruitment and training processes, aiming for high-density organizational growth [5]. - Revenue projections for 2025 to 2027 are 862 million yuan, 957 million yuan, and 1.054 billion yuan, respectively, with net profits expected to be 304 million yuan, 353 million yuan, and 423 million yuan [5][6].

Market Overview - The education sector increased by 0.2% on October 29, with Chuangye Heima leading the gains [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Individual Stock Performance - Chuangye Heima (300688) closed at 30.40, up 6.70% with a trading volume of 123,500 shares and a turnover of 361 million yuan [1] - China High-Tech (600730) closed at 10.14, up 3.58% with a trading volume of 262,000 shares and a turnover of 266 million yuan [1] - Other notable stocks include: - ST Guohua (600636) at 8.35, up 0.72% [1] - Bo Rui Chuan Bo (600880) at 5.03, up 0.60% [1] - Zhong Gong Education (002607) at 2.73, unchanged [1] - Ang Li Education (600661) at 10.56, down 0.09% [1] - Xue Da Education (000526) at 41.77, down 0.17% [1] - Xing Dong Education (605098) at 40.57, down 0.32% [1] - ST Chuan Zhi (003032) at 6.76, down 0.44% [1] - Guomai Technology (002093) at 11.48, down 0.52% [1] Capital Flow Analysis - The education sector experienced a net outflow of 59.66 million yuan from institutional investors and 33.64 million yuan from retail investors, while retail investors saw a net inflow of 93.31 million yuan [2] - Notable capital flows include: - Chuangye Heima with a net inflow of 36.83 million yuan from institutional investors [3] - China High-Tech with a net inflow of 24.05 million yuan from institutional investors [3] - Xue Da Education with a net inflow of 10.23 million yuan from institutional investors [3] - ST Kaiyuan (300338) saw a net outflow of 2.24 million yuan from institutional investors [3] - Kevin Education (002659) had a net outflow of 3.23 million yuan from institutional investors [3]

Group 1 - The company reported a significant increase in collections and performance in Q3 2025, with collections reaching 219 million yuan, a year-on-year increase of 53% [1] - For the first three quarters, total collections amounted to 557 million yuan, showing a year-on-year decrease of 6.4%, which is a notable improvement compared to a 25% decline in the first half of the year [1] - The company distributed a cash dividend of 0.5 yuan per share in Q3 2025, totaling 59.626 million yuan, with a dividend payout ratio of 71.49% [1] Group 2 - The company launched the "Hundred Schools Plan" aimed at opening 100 branches in key cities across the country over the next 3-5 years, leveraging AI to enhance efficiency and quality [1] - The "system + AI" model has already produced 9 branch general managers and a core team of 42 members, achieving a total performance of 5.2792 million yuan from March to July 2025 [1] - The company has maintained a high dividend payout ratio in recent years and is entering a new development phase with the implementation of the Hundred Schools Plan [2] Group 3 - The company is expected to achieve net profits attributable to shareholders of 304 million yuan, 353 million yuan, and 423 million yuan for the years 2025, 2026, and 2027 respectively [2] - The current market capitalization corresponds to a price-to-earnings ratio of 16X, 14X, and 12X for the years 2025, 2026, and 2027 [2] - The company is recognized as a leader in the corporate management training industry, actively refining its strategy and products while nurturing new talent [2]

Group 1 - The core viewpoint of the report indicates that the agricultural chemical industry is experiencing a recovery, with companies like Guangxin Co., Ltd. showing a year-on-year increase in net profit for Q3 2025 despite a decline in revenue [3][5][6] - Guangxin Co., Ltd. reported Q3 2025 revenue of 7.73 billion yuan, a year-on-year decrease of 35.73%, but net profit increased by 4.85% year-on-year to 1.70 billion yuan due to effective cost control [4][5] - The company’s main agricultural raw materials saw significant price declines, positively impacting its performance, with prices for key materials like dichlorobenzene and methanol dropping by 13.15% and 5.09% respectively [6][7] Group 2 - Huaxia Bank reported a year-on-year increase in net profit of 7.62% for Q3 2025, driven by improved cost and risk management, despite a decline in revenue for the first nine months [12][13] - The bank's net interest margin slightly increased to 1.55%, and its non-performing loan ratio improved to 1.58%, indicating stable asset quality [14][15] - The bank's total assets reached 4.59 trillion yuan, with a deposit growth of 11.0%, providing a stable funding source for business development [13][14] Group 3 - Tesla's Q3 2025 report showed total revenue of 28.1 billion USD, a 12% year-on-year increase, driven by a 7% rise in global electric vehicle deliveries [17][18] - The company's net profit decreased by 37% year-on-year to 1.37 billion USD, primarily due to increased operational costs and R&D expenditures [17][18] - Several automakers have introduced cross-year tax subsidy plans to stimulate demand, indicating a competitive market environment [18][19] Group 4 - Zhenhua Co., Ltd. reported a revenue of 32.17 billion yuan for the first three quarters of 2025, a year-on-year increase of 7.5%, with net profit rising by 12.6% [21][22] - The company experienced seasonal demand fluctuations in Q3 2025, but signs of recovery in demand were noted, particularly in the metal chromium market [23][24] - The average selling price of chromium products showed a slight decline, but the company is positioned to benefit from a projected increase in global chromium salt demand [27][28] Group 5 - Guoguang Co., Ltd. achieved a revenue of 15.23 billion yuan in the first three quarters of 2025, reflecting a 6.09% year-on-year growth, with net profit increasing by 3.06% [28][29] - The company’s successful promotion of comprehensive crop solutions contributed to its revenue growth, despite a decline in Q3 revenue compared to the previous quarter [30][31] - Guoguang Co., Ltd. plans to maintain a high dividend payout ratio, emphasizing shareholder returns while continuing to invest in production capacity [33] Group 6 - Chongqing Bank reported a significant increase in revenue and net profit for Q3 2025, with total assets surpassing 1 trillion yuan, indicating strong growth momentum [34][36] - The bank's non-performing loan ratio decreased to 1.14%, reflecting stable asset quality and effective risk management [37] - The bank's revenue for the first three quarters of 2025 was 117.4 billion yuan, a year-on-year increase of 10.40%, with net profit rising by 10.19% [35][36] Group 7 - Action Education reported a revenue of 2.22 billion yuan for Q3 2025, a year-on-year increase of 27.93%, with net profit rising by 42.78% [38][39] - The company’s improved profitability is attributed to a higher proportion of high-margin management training courses [39][40] - Action Education plans to distribute dividends, reflecting its commitment to shareholder returns while focusing on growth [40] Group 8 - Southern Media reported a revenue of 23.11 billion yuan for Q3 2025, with a net profit increase of 73.72% year-on-year, driven by an optimized revenue structure [42][43] - The company’s gross profit margin improved to 37.5%, indicating effective cost management and a shift away from low-margin businesses [43][44] - Southern Media's cash reserves at the end of Q3 2025 totaled 3.349 billion yuan, providing a solid financial foundation for future operations [44] Group 9 - Yunjigroup reported a revenue of 12.32 billion yuan for the first three quarters of 2025, with a net profit growth of 27.35%, indicating strong operational performance [46] - The company is positioned for long-term growth, supported by a favorable market environment and effective management strategies [46]