为充分尊重投资者、提升交流的针对性，现就公司 2024 年度业绩说明会提前 向投资者公开征集问题，广泛听取投资者的意见和建议。投资者可于 2025 年 5 月 19 日 15:00 前访问 http://ir.p5w.net/zj/，或扫描下方二维码，进入问题征集专题页面。 公司将在 2024 年度业绩说明会上，对投资者普遍关注的问题进行回答。 证券代码：002607 证券简称：中公教育 公告编号：2025-047 中公教育科技股份有限公司 关于举办 2024 年度网上业绩说明会的通知 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 中公教育科技股份有限公司（以下简称"公司"）2024 年年度报告已于 2025 年4月26日披露，为了让广大投资者进一步了解公司2024年年度报告和经营情况， 公司将于 2025 年 5 月 20 日（星期二）下午 15:00—17:00 在全景网路演互动平台采 用网络远程的方式举办 2024 年度业绩说明会，投资者可登录"全景•路演天下" （http://rs.p5w.net）参与本次年度业绩说明会。 出席本次年度业绩说明会的人 ...

Core Insights - The article highlights the transformation of AI from a "bonus" in business to a "must-have" for survival in the education technology sector, emphasizing the deep integration of AI applications by leading companies in both China and emerging markets [1] Company Summaries - **iFLYTEK**: Positioned as a national leader in AI education, iFLYTEK has made significant advancements in self-research technology and policy adaptation, launching the upgraded Spark X1 model and enhancing its information technology education solutions [2] - **Zhuoyue Education**: The company has integrated AI into its teaching tools and operational ecosystem, achieving a revenue of RMB 1.102 billion in 2024, a 125.2% increase year-on-year, and plans to deepen AI applications across all business segments [3][4] - **Fenbi**: As a leader in vocational education, Fenbi has developed a clear and replicable AI product matrix focused on user needs, with plans to increase AI R&D investment by 30% annually and collaborate with top institutions to build educational AI models [5][6] - **Zhonggong Education**: The company is focusing its AI efforts on employment services and business AI integration, aiming to create a comprehensive service ecosystem that aligns with national employment policies [7] - **Huatu Education**: Leveraging its offline training advantages, Huatu is enhancing its services with AI to improve efficiency and user experience, particularly in standardized assessment areas [8] - **Yiqi Education Technology**: The company is accelerating AI technology implementation to support integrated teaching and assessment, reporting a 10.7% increase in net revenue in 2024, and aims to become a core technology partner for schools' digital transformation [9] Industry Trends - The education AI sector is witnessing three core trends: 1. **Technological Path Diversification**: Companies are adopting different strategies, with some focusing on full-stack self-research and ecosystem building, while others emphasize open-source collaboration and scene-specific development [10][11] 2. **Deep Scene Binding**: Companies are moving beyond single tool development to create integrated solutions that address new curriculum standards and employment needs [11] 3. **Diverse Business Models**: The sector is seeing a shift towards flexible profit models, including subscription services, pay-per-use, and government-adapted products [11]

Investment Rating - The investment rating for the industry is "Outperform the Market" (maintained) [2] Core Viewpoints - The tourism volume is increasing while prices remain stable, with an extended travel radius. The focus is on policy support and advancements in AI applications [3] Summary by Sections Market Review - In April, the social service sector outperformed the benchmark by 1.42 percentage points, with strong performance from tourism and education stocks. The A-share scenic spots and leading education stocks led the gains, while Hong Kong stocks in the supply chain and tea beverage sectors also performed well [3][4][6] May Day Holiday Summary - Domestic spending during the holiday increased by 8.0%, with travel willingness remaining high and an extended travel radius. A total of 314 million domestic trips were made, a year-on-year increase of 6.4%. The average spending per person increased by 1.5%, recovering to 90% of the 2019 level [3][9] Sub-Industries - **Inbound and Outbound Travel**: Inbound travel increased by 28.7% during the holiday, with significant growth in travelers from Hong Kong, Macau, Taiwan, and foreign visitors. The number of inbound foreign visitors under visa-free policies grew by 72.7% [3][21] - **Hotel Industry**: The hotel industry saw a REVPAR of 192 yuan, up 11.5% year-on-year, with occupancy rates and average daily rates also increasing. High-star hotels in county areas outperformed the overall industry [24][22] - **Scenic Spots**: Many scenic spots experienced significant visitor growth, aided by favorable weather and local government promotional activities. For example, Xiangyuan Cultural Tourism received 51.79% more visitors compared to last year [25][28] - **Dining**: Key monitored dining enterprises saw sales increase by 8.7% year-on-year, indicating a recovery in consumer spending [29][30] - **Duty-Free Sales**: Duty-free shopping during the holiday saw a decline of 7% in sales, but the average spending per person remained stable [41][35] Investment Recommendations - The report suggests focusing on leading companies benefiting from policy support and marginal improvements, including Tongcheng Travel, Xueda Education, Jiuhua Tourism, and others. Mid-term recommendations include China Duty Free, Meituan, Huazhu Group, and others [3][42]

Core Insights - The report highlights that tourism volume is increasing while prices remain stable, with a focus on policy support and advancements in AI applications within the sector [3][9] - The domestic travel market saw 314 million trips during the May Day holiday, a year-on-year increase of 6.4%, with total spending reaching 180.27 billion yuan, up 8.0% [9][21] - The report suggests that the tourism trend will continue to improve due to consumer experience demands and favorable industry policies, recommending investments in leading companies benefiting from these trends [3][42] Market Review - In April, the consumer services sector outperformed the benchmark by 1.42 percentage points, with strong performances from tourism and education stocks [4][6] - The May Day holiday saw significant gains in the education sector and travel-related stocks, with notable performances from companies involved in AI-enhanced education [4][6] Sub-industry Analysis - **Inbound and Outbound Travel**: Inbound travel saw a 28.7% increase in visitor numbers during the May Day holiday, with significant growth in travelers from Hong Kong, Macau, and Taiwan [16][21] - **Hotel Industry**: The hotel sector experienced a 11.5% increase in revenue per available room (RevPAR) during the holiday, with occupancy rates and average daily rates also rising [24][22] - **Scenic Areas**: Major scenic spots reported strong visitor numbers, with some locations seeing over 50% growth compared to the previous year, aided by favorable weather and local government initiatives [25][28] - **Dining Sector**: Key monitored dining enterprises reported an 8.7% increase in sales during the holiday, reflecting a recovery in consumer spending [29][30] - **Duty-Free Sales**: Duty-free shopping during the holiday saw a decline of 7% in sales, although the average transaction value remained stable [35][41] Investment Recommendations - The report recommends focusing on leading companies that are expected to benefit from policy support and improving consumer sentiment, including Tongcheng Travel, Xueda Education, Jiuhua Tourism, and others [3][42]

Market Overview - The Shanghai Composite Index fell by 0.20% on April 28, with five industries rising, led by banking and steel, which increased by 0.98% and 0.53% respectively [1] - The real estate and comprehensive sectors experienced the largest declines, down by 3.66% and 2.52% respectively [1] - The social services sector ranked third in terms of decline for the day [1] Capital Flow - The main capital outflow from both markets totaled 29.894 billion yuan, with only two sectors seeing net inflows: steel (200 million yuan) and oil & petrochemicals (66.933 million yuan) [1] - The electronics sector had the largest net outflow, totaling 3.104 billion yuan, followed by the automotive sector with a net outflow of 2.516 billion yuan [1] Social Services Sector - The social services sector declined by 2.19% with a net capital outflow of 524 million yuan [2] - Out of 77 stocks in this sector, 10 rose while 63 fell, including one stock that hit the daily limit down [2] - The top three stocks with the highest net outflows included Zhongxin Tourism (59.004 million yuan), Zhonggong Education (54.230 million yuan), and Guomai Technology (44.444 million yuan) [2] Notable Stocks in Social Services - The stock *ST Chuan Zhi saw a net inflow of 54.911 million yuan, while ST Zhangjiajie and Gangyan Nake followed with inflows of 18.9027 million yuan and 16.4099 million yuan respectively [4] - The stocks with the largest capital outflows included Zhongxin Tourism (-5.90037 million yuan), Zhonggong Education (-5.423 million yuan), and Guomai Technology (-4.4444 million yuan) [2][3]

Group 1 - The Ministry of Human Resources and Social Security, the Ministry of Education, and the Ministry of Finance jointly issued a notification to promote employment and entrepreneurship for college graduates and youth, proposing 17 policy measures, including the implementation of a "Double Thousand" plan to enhance vocational skills by offering 1,000 "micro-specialties" and 1,000 vocational training courses in universities [1] - Beijing announced a recruitment plan for high-end technical and skilled talent, targeting 1,035 students with a minimum admission score of 380 for the 2025 academic year [2] Group 2 - Beijing's six districts released the 2025 enrollment policy for compulsory education, emphasizing a mixed approach of registration-based admission and school zoning to ensure fair and orderly enrollment [3] - Tongzhou District established six new education groups led by high schools, increasing the total number of high school education groups to 11 [4] Group 3 - Xueda Education reported a 22.46% year-on-year increase in total revenue for Q1 2025, reaching 864 million yuan, with a net profit of 73.77 million yuan, up 47% year-on-year [5] - Zhonggong Education disclosed a 24.69% year-on-year decline in total revenue for Q1 2025, amounting to 57.5 million yuan, with a net profit of 39.99 million yuan, down 51.69% year-on-year [6] Group 4 - Yuanfudao responded to the incident of an employee's sudden death in Wuhan, clarifying that the employee was on a rest day and no overtime was scheduled for the team on that day [7]

中证报中证网讯（王珞）2025年4月，历经三年深度调整的中公教育（002607），终于交出了一份业 绩"扭亏为盈"的年度成绩单。公告显示，2024年公司实现净利润1.84亿元，较上年同期净亏损2.09亿元 有明显改善。 2024年扭亏为盈 精益化管理成效显著 财报显示，中公教育2024年全年营收26.27亿元，同比下降14.89%，但净利润实现1.84亿元，较上年同 期净亏损2.09亿元有明显改善。值得关注的是，全年的毛利率提升了超5个百分点至59.66%，销售、管 理等费用均有不同程度下滑，这显示出精益化管理的显著成效。此外，公司的经营性现金流净额5.57亿 元，同比增长169.6%。 在运营层面，公司实施了组织架构调整计划，带动了直营网点产出比同比去年增长了10个百分点，人效 比同比去年大幅提升了51个百分点。年报显示，随着核心用户群体逐渐向Z世代青年转变，中公教育启 动了组织架构的年轻化变革，从业务管理层，到教研、市场、销售等部门的储备干部都呈现出明显的年 轻化趋势。此外，公司还加大对各大业务区的经营授权，提升业务前线决策敏捷性，释放业务区的市场 拓展动力。 战略转型：从培训供给到就业服务提供商 中公教 ...

此外，公司在2024年延续审慎经营策略，通过进一步推进精细化管理、全面缩减非必要开支等方式，着 力提升企业盈利水平。报告期内，公司营业总成本同比下降18.88%，销售费用同比下降20.04%，管理 费用同比下降19.89%，在支出端的控制见到明显成效。 4月25日晚间，中公教育（002607）公布2024年年报业绩及一季报业绩。2024年，公司扭亏为盈，实现 营业收入26.27亿元，归属母公司股东净利润1.84亿元，同比增长187.70%，经营活动产生的现金流量净 额为5.57亿元，大幅增长169.60%。其中第四季度公司实现营业收入5.26亿元，相比去年同期增长 25.15%，归属于上市公司的股东净利润为1,552.39万元，相比去年同期扭亏为盈。公告显示，中公2025 年一季度营业收入5.75亿元，实现归属于上市公司股东的净利润为3999.45万元，这是中公教育连续五个 季度实现盈利，扭转了公司业绩颓势。 值得一提的是，2024年公司的毛利率达到59.66%，相比去年提升了超5个百分点，经营调整成效显著。 中公表示，下一阶段公司在经营基本面持续改善的基础上，通过招生规模的有效扩张，促进主业的有效 恢复。 ...

证券代码：002607 证券简称：中公教育 公告编号：2025-041 同时，为保证综合授信融资方案的顺利完成，董事会同意公司以自有的土地、房产 及下属公司股权等资产，为公司及下属公司向银行等金融机构及类金融企业融资提供 总额不超过 50 亿元的担保，实际担保金额以最终签署并执行的担保合同或金融机构批 复为准。 本次综合授信额度及担保额度有效期自 2024 年年度股东大会审议通过之日起至 2025 年年度股东大会召开之日止。在此期间，上述综合授信额度及担保额度可以在公 司与子公司、子公司与子公司之间调剂循环使用。 中公教育科技股份有限公司 关于 2025 年度向金融机构及类金融企业申请综合授信及 担保额度预计的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 中公教育科技股份有限公司（以下简称"公司"）于 2025 年 4 月 25 日召开第七届 董事会第二次会议，审议通过了《关于 2025 年度向金融机构及类金融企业申请综合授 信及担保额度预计的议案》。根据相关法律法规、规范性文件及《公司章程》的规定， 本事项尚需提交公司股东大会审议。具体情况如下： 一 ...

证券代码：002607 证券简称：中公教育 公告编号：2025-039 中公教育科技股份有限公司 2、投资额度 关于公司及下属公司使用自有资金进行现金管理的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 中公教育科技股份有限公司（以下简称"公司"）于 2025 年 4 月 25 日召开第七届 董事会第二次会议、第七届监事会第二次会议，审议通过了《关于公司及下属公司使用 自有资金进行现金管理的议案》，同意公司（含控股子公司）使用任一时点合计不超过 人民币 15 亿元的闲置自有资金进行现金管理，在此额度范围内资金可以循环使用，使 用期限自公司 2024 年年度股东大会审议通过之日起，至 2025 年年度股东大会召开之日 止。董事会授权公司管理层具体实施相关事宜，并签署相关合同文件。本议案尚需公司 股东大会进行审议。具体情况公告如下： 一、现金管理概述 1、投资目的 在不影响正常经营及风险可控的前提下，将安全资金存量高效运作，用于购买理财 产品，提升资金资产保值增值能力，为公司与股东创造更大的收益。 公司（含控股子公司）使用任一时点合计不超过人民币 15 亿元 ...