5月1日，据"首都教育"微信公众号消息，北京市中小学义务教育入学平台正式开通。今年入学工作仍然 通过北京市义务教育入学服务平台提供服务，同时也可通过北京市政务服务网"高效办成一件事"专栏或 北京市教育公共服务平台京学通访问。集中采集信息的时间为5月6日—31日，5月1日开通的是统一门户 公布，家长可以在这段时间查阅了解入学政策、操作流程等。 【1】教育部对部分国外院校学历学位认证加强审查 近日，教育部留学服务中心发布《关于对部分国外院校学历学位认证加强认证审查的公告（七）》。公 告显示，近期，法国巴黎东部高等教育集团、法国欧洲管理学院等院校认证数据出现显著异常，相关举 报频繁，根据《国（境）外学历学位认证办法》第二十八条，教育部留学服务中心决定从即日起对上述 院校的相关认证申请启动加强审查程序。 【2】北京市中小学义务教育入学平台正式开通 【4】行动教育2025年一季度营收同比下降7.21% 4月30日，行动教育发布2025年一季报，报告期内，行动教育实现营业总收入1.31亿元，同比下降 7.21%；归母净利润2825.85万元，同比增长17.8%。 北京商报记者 吴其芸 【3】全国多所高校部署"突出问题系统 ...

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].

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 ...

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 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥130,694,255.08, a decrease of 7.21% compared to ¥140,844,295.74 in the same period last year[3] - Net profit attributable to shareholders increased by 17.80% to ¥28,258,464.43 from ¥23,988,686.54 year-on-year[3] - Basic and diluted earnings per share rose by 20.00% to ¥0.24 from ¥0.20 in the previous year[3] - Operating profit for Q1 2025 increased to CNY 33,991,026.00, compared to CNY 29,740,221.53 in Q1 2024, reflecting a growth of 14.8%[16] - The company reported a net profit of CNY 33,953,618.25 for Q1 2025, compared to CNY 30,300,249.47 in Q1 2024, indicating an increase of 5.5%[16] - The net profit for Q1 2025 was ¥28,739,262.45, an increase of 15.4% compared to ¥24,905,340.57 in Q1 2024[17] - The total comprehensive income for Q1 2025 reached ¥28,747,980.90, compared to ¥24,905,340.57 in Q1 2024, marking an increase of 15.0%[17] Cash Flow - The net cash flow from operating activities was negative at -¥50,617,266.54, a significant decline of 496.49% compared to ¥12,766,260.30 in the same period last year[3] - Cash flow from operating activities for Q1 2025 was negative at -¥50,617,266.54, a decline from a positive cash flow of ¥12,766,260.30 in Q1 2024[20] - Cash inflow from investment activities in Q1 2025 was ¥668,335,855.95, significantly higher than ¥206,785,969.33 in Q1 2024[20] - Cash outflow from investment activities totaled ¥681,330,087.17 in Q1 2025, compared to ¥344,713,194.00 in Q1 2024, resulting in a net cash flow of -¥12,994,231.22[21] - The net increase in cash and cash equivalents for Q1 2025 was -¥66,877,914.84, compared to -¥128,476,321.39 in Q1 2024[21] - The ending balance of cash and cash equivalents as of the end of Q1 2025 was ¥661,632,054.04, down from ¥727,085,853.58 at the end of Q1 2024[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,182,504,268.63, down 2.22% from ¥2,232,013,797.24 at the end of the previous year[3] - Total assets as of March 31, 2025, amounted to CNY 2,182,504,268.63, a slight decrease from CNY 2,232,013,797.24 as of December 31, 2024[12] - Total liabilities as of March 31, 2025, were CNY 1,185,764,631.63, down from CNY 1,264,022,141.14 at the end of 2024[13] - Non-current assets totaled CNY 255,900,677.17, a decrease from CNY 262,273,603.25 as of December 31, 2024[12] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 6,388[7] - Major shareholder Li Jian holds 30.98% of the company's shares, making him the controlling shareholder[8] - The total equity attributable to shareholders increased by 2.94% to ¥989,661,048.70 from ¥961,393,865.82 at the end of the previous year[4] - The company's total equity as of March 31, 2025, was CNY 996,739,637.00, up from CNY 967,991,656.10 at the end of 2024[13] Accounting Standards - The company did not apply new accounting standards starting from 2025[22]

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].

Core Insights - The company reported a total revenue of 783 million yuan for 2024, representing a year-on-year growth of 16.54% and a net profit attributable to shareholders of 269 million yuan, up 22.39% year-on-year [1] - In Q4 2024, the company achieved revenue of 221 million yuan, a year-on-year increase of 4.47%, and a net profit of 74 million yuan, reflecting a growth of 25.84% year-on-year [1] - The revenue growth is attributed to the successful implementation of a major client strategy and continuous enhancement of brand strength [1] - The company emphasizes shareholder returns, proposing a cash dividend distribution of 267 million yuan (before tax), which accounts for 99.47% of the net profit attributable to shareholders [1] Business Segmentation - The management consulting business saw significant revenue growth, nearly doubling year-on-year [2] - Management training business generated revenue of 630 million yuan in 2024, a growth of 6.31%, with a gross margin of 83.63%, an increase of 1.47 percentage points from the previous year [2] - Management consulting business achieved revenue of 146 million yuan, a remarkable growth of 97.38%, although the gross margin decreased by 4.07 percentage points to 44.24% [2] - As of the end of 2024, the company's contract liabilities stood at 1.08 billion yuan, reflecting a year-on-year increase of 12.7% and a quarter-on-quarter growth of 11.9% [2] Future Plans and Projections - For 2025, the company plans to add 500 new major clients and leverage AI large model technology to develop intelligent education products in niche areas to enhance efficiency for enterprises [2] - The company aims to achieve a "double nine target" with a major client repurchase rate of over 90% and a referral rate of over 90% [2] - Profit forecasts indicate that the net profit attributable to shareholders is expected to reach 300 million yuan in 2025, 340 million yuan in 2026, and 370 million yuan in 2027, maintaining a "recommended" rating [2]

Core Insights - The company reported a revenue of 783 million yuan in 2024, representing a year-on-year increase of 16.54%, and a net profit attributable to shareholders of 269 million yuan, up 22.39% year-on-year [1] - The growth in revenue is driven by a successful large customer strategy, enhanced brand influence, and effective talent development [1] - The company implemented the "236 Project" to build a world-class business education platform, achieving significant operational results [2] Revenue and Profit Analysis - Revenue breakdown: management training revenue was 633 million yuan (up 6.31% year-on-year), management consulting revenue was 146 million yuan (up 97.38% year-on-year), and book sales reached 3.05 million yuan (up 47.07% year-on-year) [1] - The net profit attributable to shareholders was 269 million yuan, with a non-recurring net profit of 241 million yuan, primarily due to the increase in revenue [1] Strategic Initiatives - The "236 Project" includes two major initiatives: platform construction and high-quality development, resulting in over 1,200 new customers and 295 new large customers in 2024 [2] - The company achieved a net promoter score of 76.9%, significantly above the industry average, indicating strong customer satisfaction and loyalty [2] - Digital technologies were leveraged for precise marketing and streamlined business processes, enhancing operational efficiency [2] Shareholder Returns - The company plans to distribute a total cash dividend of 267 million yuan (including tax), which accounts for 99.47% of the net profit attributable to shareholders for 2024 [3] - As of December 31, 2024, the company had ample liquidity with total cash and trading financial assets amounting to 1.93 billion yuan, representing 86.47% of total assets [3] Future Outlook - The company is expected to achieve net profits of 301 million yuan, 335 million yuan, and 362 million yuan in 2025, 2026, and 2027, respectively, with corresponding price-to-earnings ratios of 15.4, 13.9, and 12.8 [3]

Investment Rating - The report maintains a "Buy" rating for the company, with a target price based on the last closing price of 39.15 [1][8] Core Views - The company achieved a revenue of 783.43 million yuan in 2024, representing a year-on-year growth of 16.54%, and a net profit attributable to shareholders of 268.57 million yuan, up 22.39% from the previous year [4][9] - The overall gross margin for the year was 76.05%, a decrease of 2.21 percentage points, primarily due to the structural change from the increase in management consulting revenue [5] - The company has a strong focus on large clients, having developed over 1,200 new clients in the year, with 295 being new large clients, which supports continued revenue growth [6] Financial Performance - In Q4 2024, the company reported revenue of 221 million yuan, a year-on-year increase of 4.47%, and a net profit of 73.97 million yuan, up 25.84% [4][5] - The company’s contract liabilities reached a new high of 1.08 billion yuan, with new signed orders of 933 million yuan, reflecting a 3.78% increase from 2023 [7] - The company plans to distribute a cash dividend of 0.75 yuan per share, totaling 89.44 million yuan, which represents 99.47% of the annual net profit attributable to shareholders [7] Future Projections - The company is expected to achieve net profits of 313.14 million yuan, 359.64 million yuan, and 405.24 million yuan for 2025, 2026, and 2027 respectively, with growth rates of 16.59%, 14.85%, and 12.68% [9] - The projected earnings per share (EPS) for 2025, 2026, and 2027 are 2.63 yuan, 3.02 yuan, and 3.40 yuan respectively, with corresponding price-to-earnings (PE) ratios of 15X, 13X, and 11X [8][9]

Investment Rating - The report maintains a "Buy" rating for the company [3][6]. Core Insights - The company achieved steady revenue growth in 2024, with total revenue reaching 783.43 million yuan, a year-on-year increase of 16.54%. The net profit attributable to shareholders was 268.57 million yuan, up 22.39% year-on-year [1]. - The company has a high dividend payout ratio, proposing a cash dividend of 0.75 yuan per share, totaling 89.438 million yuan, which represents a dividend payout ratio of 99.47% [1]. - The company has successfully implemented a large customer strategy, resulting in the acquisition of over 1,200 new clients in 2024, with a net promoter score of 76.9%, significantly above the industry average [2]. - The company is leveraging digital technology for comprehensive upgrades, including the development of AI-based educational tools [2]. Financial Performance Summary - In 2024, the company reported a revenue of 783.43 million yuan, with a year-on-year growth of 16.54% [5]. - The net profit attributable to shareholders for 2024 was 268.57 million yuan, reflecting a year-on-year increase of 22.39% [5]. - The company expects to achieve net profits of 310 million yuan, 356 million yuan, and 402 million yuan for the years 2025, 2026, and 2027, respectively [3]. - The projected earnings per share (EPS) for 2025, 2026, and 2027 are 2.60 yuan, 2.99 yuan, and 3.37 yuan, respectively [3].