（记者 王晓波） 每经AI快讯，学大教育1月26日晚间发布公告称，公司第十一届第五次董事会会议于2026年1月26日在 北京市朝阳区樱辉科技中心学大教育会议室以现场结合通讯方式召开。会议审议了《关于聘任财务负责 人的议案》等文件。 每经头条（nbdtoutiao）——国际金价冲破5000美元！7年涨了280%，什么时候才见顶？专家：关键还 看美元，重点关注国际货币体系、降息和科技革命 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每日经济新闻 ...

Core Viewpoint - The company announced the resignation of its Vice President and Chief Financial Officer, Li Yuling, due to personal work arrangements, effective immediately upon the delivery of her resignation letter to the board of directors [1]. Group 1 - Li Yuling submitted a written resignation report to the company's board of directors [1]. - The resignation is effective as soon as the resignation letter is delivered to the board [1]. - After her resignation, Li Yuling will no longer hold any positions within the company or its subsidiaries [1].

本报 告 依据 中 国资 产评 估 准则 编 制 学大(厦门)教育科技集团股份有限公司拟增资 所涉及的江阴启芯领航半导体有限公司 股东全部权益 资 产 评 估 报 告 中联沪评字【2025】第 109 号 共二册，第一册 中联资产评估咨询（上海）有限公司 二〇二五年十二月三十一日 | 报告编码: | 3131210012202600001 | | | | --- | --- | --- | --- | | 合同编号: | 25660076A | | | | 报告类型: | 法定评估业务资产评估报告 | | | | 报告文号: | 中联沪评字 2025 第109号 | | | | 报告名称: | 学大(厦门)教育科技集团股份有限公司拟增资所涉及的江阴启芯 领航半导体有限公司股东全部权益 | | | | 评估结论: | 522,369,700.00元 | | | | 评估报告日 : | 2025年12月31日 | | | | 评估机构名称: | 中联资产评估咨询(上海)有限公司 | | | | 签名人员: | 余海波 (资产评估师) | | 正式会员 编号:32180135 | | | 陈炜聪 | (资产评估师) ...

地址：北京市丰台区丽泽路 16 号聚杰金融大厦 12 楼 邮编：100073 电话：(010) 63357658 北京澄宇会计师事务所(特殊普通合伙) BEIJING CHENGYU CERTIFIED PUBLIC ACCOUNTANTS LLP 江阴启芯领航半导体有限公司 2025年9月30日 审计报告 目 录 | 一、审计报告 | 1-3 | | --- | --- | | 二、已审财务报表 | | | 5．资产负债表 | 4-5 | | 6．利润表 | 6 | | 7．现金流量表 | 7 | | 8．所有者（股东）权益变动表 | 8-9 | | 9．财务报表附注 | 10-38 | 审计报告 澄宇专字( 2025 )第0057号 江阴启芯领航半导体有限公司全体股东： 一、审计意见 我们审计了江阴启芯领航半导体有限公司（以下简称江阴启芯）财务报 表，包括 2025 年 9 月 30 日的合并资产负债表，2025 年度 1-9 月的合并利润 表、合并现金流量表、合并股东权益变动表以及相关财务报表附注。 我们认为，后附的财务报表在所有重大方面按照企业会计准则的规定编 制，公允反映了江阴启芯 2025 年 9 ...

证券代码：000526 证券简称：学大教育 公告编号：2026-002 学大（厦门）教育科技集团股份有限公司 关于财务负责人辞职及聘任财务负责人的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、财务负责人辞职情况 学大（厦门）教育科技集团股份有限公司（以下简称"公司"）董事会于近 日收到副总经理、财务负责人李玉玲女士提交的书面辞职报告，李玉玲女士因个 人工作安排原因辞去公司副总经理、财务负责人职务，其辞职事项自辞职报告送 达董事会时生效。辞职后，李玉玲女士不再担任公司及控股子公司任何职务。截 至本公告披露之日，李玉玲女士未持有公司股票，承诺遵守中国证监会及深圳证 券交易所股份管理相关规定，不存在应当履行而未履行的承诺事项，亦没有特别 向董事会说明的情况。 根据《公司法》《深圳证券交易所股票上市规则》《深圳证券交易所上市公司 自律监管指引第 1 号——主板上市公司规范运作》等法律法规、规范性文件及 《公司章程》的有关规定，李玉玲女士辞去公司财务负责人及副总经理职务的申 请自书面辞职报告送达公司董事会之日起生效。 公司董事会对李玉玲女士任职期间所做贡献表 ...

证券代码：000526 证券简称：学大教育 公告编号：2026-003 学大（厦门）教育科技集团股份有限公司 关于与关联方专业投资机构共同新设合伙企业及对外投资 的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 1、基本信息 企业名称：共青城学成启航创业投资合伙企业（有限合伙） 基金规模：3611 万元 组织形式：有限合伙企业 执行事务合伙人：银润（上海）私募基金管理有限公司 一、交易概述 学大（厦门）教育科技集团股份有限公司（以下简称"公司"）为拓展战略 业务发展空间，积极顺应国家新兴产业导向和打造高技能人才教育新场景，拟通 过全资子公司北京学大信息技术集团有限公司（以下简称"学大信息"）以新设 合伙企业的方式，向专注 EDA 工具与半导体 IP 研发的江阴启芯领航半导体有限 公司（以下简称"江阴启芯领航""投资标的"）进行增资，预计新设合伙企业 认缴出资额不超过人民币 3,610 万元，向江阴启芯领航增资金额不超过人民币 3,500 万元，投资完成后预计持有江阴启芯领航股权 6.4791%。其中，新设合伙 企业及投资江阴启芯领航涉及关联交易。 公司于 ...

证券代码：000526 证券简称：学大教育 公告编号：2026-001 （一）审议通过《关于聘任财务负责人的议案》 学大（厦门）教育科技集团股份有限公司 第十一届董事会第五次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 学大（厦门）教育科技集团股份有限公司（以下简称"公司"）第十一届董 事会第五次会议的通知已于 2026 年 1 月 23 日以电子邮件方式送达全体董事，本 次会议于 2026 年 1 月 26 日上午 10:00 在北京市朝阳区樱辉科技中心学大教育会 议室以现场结合通讯方式召开。本次会议应参加表决董事 8 人，实际参加表决董 事 8 人，本次会议由董事长金鑫先生主持。公司高级管理人员列席了本次会议。 本次会议的召开符合《中华人民共和国公司法》等有关法律、法规、规范性文件 和《公司章程》的有关规定。经与会董事审议，一致表决通过了如下事项： 二、董事会会议审议情况 表决结果：同意：8 票，反对：0 票，弃权：0 票。 该议案已经公司第十一届董事会提名委员会 2026 年第 1 次会议、第十一届 董事会审计委员 ...

Market Overview - The education sector experienced a decline of 2.45% on January 26, with China High-Tech leading the drop [1] - The Shanghai Composite Index closed at 4132.61, down 0.09%, while the Shenzhen Component Index closed at 14316.64, down 0.85% [1] Individual Stock Performance - Notable performers included: - Chuangye Heima (300688) with a closing price of 32.56, up 2.88% and a trading volume of 201,700 shares, totaling 662 million yuan [1] - ST Guohua (600636) closed at 9.51, up 0.53% with a trading volume of 50,600 shares, totaling 47.77 million yuan [1] - Conversely, China High-Tech (600730) saw a significant drop of 6.00%, closing at 10.50 with a trading volume of 420,400 shares, totaling 452 million yuan [2] - Other notable declines included: - Kede Education (300192) down 4.52% to 21.75 [2] - Dongshi ST (603377) down 0.51% to 3.91 [1] Capital Flow Analysis - The education sector experienced a net outflow of 441 million yuan from institutional investors, while retail investors saw a net inflow of 377 million yuan [2] - The capital flow for individual stocks showed: - Chuangye Heima had a net outflow of 51.57 million yuan from institutional investors [3] - ST Guohua experienced a net outflow of 4.60 million yuan from institutional investors [3] - Kede Education had a net inflow of 4.29 billion yuan from retail investors [2]

Investment Rating - The industry investment rating is "Buy" [3] Core Insights - In December 2025, the year-on-year growth of social retail sales was 0.9%, with a total of 4.5 trillion yuan, indicating a decline of 0.4 percentage points compared to November 2025. Excluding automobiles, the total was 4.0 trillion yuan, growing by 1.7% year-on-year [5] - The report emphasizes the importance of service consumption sectors for the upcoming Spring Festival opportunities [5] - The report suggests a shift in retail industry logic from "adjusting input" to "adjusting output," with a focus on improving same-store sales and customer flow, which will enhance profit elasticity as the share of high-margin private brands increases [5] Summary by Sections Retail Sector Performance - In December 2025, retail sales of goods reached 3.9 trillion yuan, growing by 0.7% year-on-year, while catering revenue was 0.6 trillion yuan, with a year-on-year growth of 2.2% [5] - The growth rates for various categories in December included: - Grain and oil food retail sales grew by 3.9% - Beverage retail sales grew by 1.7% - Tobacco and alcohol retail sales declined by 2.9% [5] - In the optional consumer goods category, cosmetics and gold and silver jewelry retail sales grew by 8.8% and 5.9%, respectively [5] E-commerce Insights - The e-commerce penetration rate slightly decreased, with online retail sales of physical goods reaching 13.1 trillion yuan in 2025, a year-on-year increase of 5.2%. The penetration rate was 26.1%, a decrease of 0.7 percentage points year-on-year [5] - For the year, the growth rates for e-commerce categories were: food (14.5%), clothing (1.9%), and daily necessities (4.1%) [5] Investment Recommendations - Retail: Focus on companies like Bubugao, Huijia Times, Yonghui Supermarket, and Chongqing Department Store [5] - Cosmetics: Prefer high-end brand assets and consider low-positioned stocks like Maogeping and Yixian E-commerce [5] - Jewelry: Anticipate strong sales during the traditional gold sales peak in Q1, with recommendations for Laopu Gold and Mankalon [5] - Tourism: Focus on winter sports themes and the Spring Festival market, with recommendations for Changbai Mountain and Huangshan Tourism [5] - Education: Highlight opportunities in undervalued vocational education stocks like China Oriental Education and Action Education [5]

Investment Rating - Investment rating: Positive (maintained) [1] Core Insights - The luxury goods retail revenue in China is showing signs of recovery, with high-end brands like LVMH, Hermès, and Prada experiencing positive growth since Q2 2025 [15][16] - The global network literature market is witnessing rapid growth, particularly in Latin America, with WebNovel reaching nearly 400 million cumulative users by October 2025 [34][35] - The micro-drama and comic-drama market in China is projected to exceed 100 billion yuan in 2025, significantly surpassing the film box office revenue [37][38] - The probiotic market is expanding, with a focus on next-generation probiotics (NGPs) like AKK bacteria, which show significant potential in health applications [55][63] Summary by Sections 1. Duty-Free Shopping - Post-New Year duty-free shopping in Hainan shows strong growth, with sales reaching 3.89 billion yuan and a 49.6% year-on-year increase in shopping amount [31][33] - The high net worth individuals are expected to drive luxury consumption, with a notable increase in spending on preservation-type luxury goods [15][16] 2. Network Literature - The Chinese network literature market reached 49.55 billion yuan in 2024, with a 29.37% year-on-year growth, while the overseas market grew by 10.68% [34] - WebNovel has cultivated nearly 530,000 authors and over 820,000 original works, with a significant increase in user engagement [34][35] 3. Micro-Drama - The micro-drama and comic-drama market in China is expected to reach 100 billion yuan in 2025, with a 98% year-on-year growth [37][38] - The user base for micro-dramas is approaching 700 million, with a strong preference among female viewers [40][42] 4. Probiotics - The global probiotic market is projected to grow at a CAGR of 8.7%, reaching 93.49 billion USD by 2028, with China's market expected to reach 134.89 billion yuan by 2024 [55][63] - Next-generation probiotics like AKK bacteria are gaining traction, with significant potential in health management and consumer interest [55][63]