关于变更会计政策的公告 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。 东莞勤上光电股份有限公司（以下简称"公司"）按照中华人民共和国财政 部（以下简称"财政部"）发布的《企业会计准则解释第19号》（财会〔2025〕 32号）的要求变更会计政策。根据《深圳证券交易所股票上市规则（2025年修 订）》等有关规定，公司本次会计政策变更无需提交董事会、股东会审议。现将 具体情况公告如下： 一、本次会计政策变更概述 （一）会计政策变更原因 2025年12月19日，财政部发布了《关于印发〈企业会计准则解释第19号〉 的通知》（财会〔2025〕32号）（以下简称"19号解释"），规定对"关于非 同一控制下企业合并中补偿性资产的会计处理""关于处置原通过同一控制下企 业合并取得子公司时相关资本公积的会计处理""关于采用电子支付系统结算的 金融负债的终止确认""关于金融资产合同现金流量特征的评估及相关披露""关 于指定为以公允价值计量且其变动计入其他综合收益的权益工具的披露"的解释 内容自2026年1月1日起施行。 证券代码：002638 证券简称：勤上股份 公告编号：202 ...

Investment Rating - The report maintains a "Recommend" rating for the education industry [1] Core Insights - The education industry is expected to experience a "three-dimensional resonance" with policy improvements, supply clearing, and demand release, shifting the investment logic from policy-driven to performance-driven. The industry is also seen as having relatively low valuations, with potential for a "Davis double hit" in performance and valuation under policy support. The integration of AI in education is highlighted as a key investment theme, with leading education companies likely to benefit from this trend [1][25] Summary by Sections 1. Industry Policy Dynamics - On March 20, the Ministry of Education issued a notice to enhance the management of basic education, focusing on improving educational equity, daily management, school governance, campus safety, and building a good educational ecosystem [5][9] - A meeting on March 21 emphasized the critical role of the teaching workforce in building a strong education nation, summarizing experiences in promoting educational values and addressing new challenges in teacher resource allocation and quality development [5][8] - On March 26, the Minister of Education visited Switzerland to deepen educational cooperation, discussing practical collaboration in talent cultivation, research innovation, and AI education [5][11] 2. Company Dynamics - Dou Xin of Dou Shen Education resigned from his positions but will remain as the chief educational expert. Tang Ying was elected as the new chairman [13] - Huatu Shanding's subsidiary signed an agreement to take over the management of existing students from a related party, with a pricing model based on actual costs plus a 15% profit margin [13] 3. Market Performance - The education industry outperformed the CSI 300 index during the week of March 23-27, with the CITIC Education Index increasing by 0.03% while the CSI 300 decreased by 1.41% [14] - The best-performing stocks in the A-share education sector included Qinxin Co. (+17.24%), China High-Tech (+6.29%), and Kede Education (+2.02%), while the worst performers were Quantu Education (-2.36%), Xueda Education (-5.28%), and Huatu Shanding (-7.10%) [18][19] 4. Investment Recommendations - The report recommends focusing on three main investment lines: 1. "AI + Education" with Kevin Education and Kede Education as potential leaders 2. Performance and valuation resonance with Action Education, Xueda Education, and Angli Education showing significant valuation advantages 3. Second growth curve opportunities with Botong Co. actively seeking new growth avenues [25]

证券代码：002638 证券简称：勤上股份 公告编号：2026-008 东莞勤上光电股份有限公司 1、本次司法拍卖的买受人为东莞勤上光电股份有限公司（以下简称"公司"） 的控股股东东莞市晶腾达企业管理合伙企业（有限合伙）（以下简称"晶腾达"）， 成交股份数量为 88,183,421 股（占剔除公司回购专用账户股份后总股本的 6.21%）， 成交金额为人民币 327,820,104.03 元。晶腾达参与本次司法拍卖且竞买成功属于 其实施增持公司股份计划的行为。 2、本次拍卖成交股份完成过户登记后，晶腾达将直接持有公司 98,251,021 股 （占剔除公司回购专用账户股份后总股本的 6.92%），持有委托表决权股份 214,487,107 股（占剔除公司回购专用账户股份后总股本的 15.10%），合计持有 公司的表决权股份为 312,738,128 股（占剔除公司回购专用账户股份后总股本的 22.02%），晶腾达仍为公司控股股东，李俊锋先生为公司实际控制人。 公司于 2026 年 2 月 14 日在巨潮资讯网披露了《关于股东所持部分股份将被拍 卖的提示性公告》（公告编号：2026-007），公司原实际控制人李旭 ...

Investment Rating - The report maintains a "Recommend" rating for the education industry [1]. Core Insights - The education sector is expected to experience a "three-dimensional resonance" with policy improvements, supply clearing, and demand release, shifting the investment logic from policy-driven to performance-driven. The industry is anticipated to benefit from a "Davis Double Play" in terms of performance and valuation under policy support. Additionally, the integration of AI in education is highlighted as a key investment theme, with leading education companies likely to benefit from this trend [7][25]. Summary by Sections 1. Education Industry Policy Dynamics - On March 7, the Minister of Education, Huai Jinpeng, discussed the achievements of the education sector and outlined three key focus areas for the "14th Five-Year Plan" period, emphasizing the importance of education for youth development and talent cultivation. Key statistics include 440,000 schools, 280 million students, and 18.7 million teachers. The gross enrollment rate for preschool education is 92.9%, and all counties have achieved basic balance in compulsory education [10][11]. 2. Education Stock Dynamics - The report details a significant stock transfer involving Kede Education, where the controlling shareholder transferred 23.57% of shares to two entities, potentially changing the company's control [13]. 3. Education Index and Stock Performance - The education sector underperformed compared to the CSI 300 index, with the CITIC Education Index declining by 0.6929% during the week of March 9-13, 2026, while the CSI 300 rose by 0.1867%. The K12 training index was the best-performing sub-sector, increasing by 2.51% [14][16]. 4. Investment Recommendations - The report suggests focusing on three main investment lines: (1) "AI + Education," with Kevin Education and Kede Education positioned as potential leaders; (2) performance and valuation resonance, highlighting Action Education and Xueda Education; (3) the search for a second growth curve, with Botong Co. actively seeking new growth opportunities [25].

Investment Rating - The report maintains a "Recommend" rating for the education industry [1] Core Insights - The education sector is expected to experience a "three-dimensional resonance" with policy improvements, supply clearing, and demand release, shifting the investment logic from policy-driven to performance-driven. The industry is anticipated to benefit from a "Davis Double Play" in terms of performance and valuation under policy support. Additionally, the integration of AI in education is highlighted as a key investment theme, with leading education companies likely to benefit from this trend [7][25] Summary by Sections 1. Education Industry Policy Dynamics - On March 7, the Minister of Education, Huai Jinpeng, discussed the achievements of the education sector and the deployment for the "14th Five-Year Plan" during a press conference. He emphasized the importance of education for youth development and talent cultivation for modernization. Key statistics include 440,000 schools, 280 million students, and 18.7 million teachers in China. The gross enrollment rate for preschool education is 92.9%, and all counties have achieved basic balance in compulsory education [10][11] 2. Education Stock Dynamics - The report details a significant stock transfer involving Kede Education, where the controlling shareholder is changing hands. The transfer involves 77.58 million shares, representing 23.57% of the total shares, with the new controlling shareholder being Huaxin Future [13] 3. Education Index and Stock Performance - The education sector underperformed compared to the CSI 300 index, with the CITIC Education Index declining by 0.6929% from March 9 to March 13, while the CSI 300 rose by 0.1867%. The education sector lagged behind by 0.8796 percentage points [14][18] - The top-performing stocks in the education sector for the week were Qinxin Co. (+14.53%), Action Education (+8.22%), and Zhonggong Education (+1.74%). Conversely, the worst performers were Doushen Education (-4.55%), Huatu Shanding (-5.33%), and China Gaoke (-6.38%) [18][19] 4. Investment Recommendations - The report suggests focusing on three main investment lines: (1) "AI + Education," with Kevin Education and Kede Education positioned as potential leaders; (2) performance and valuation resonance, highlighting Action Education, Xueda Education, and Angli Education for their significant valuation advantages; (3) the search for a second growth curve, with Botong Co. actively seeking new growth opportunities [25][26]

Company Situation - The company, Qunshang Co., announced on February 2, 2026, the termination of its share repurchase reduction plan, which was originally set to reduce up to 16.4987 million shares, accounting for approximately 1.15% of the total share capital, between November 19, 2025, and May 19, 2026. The board's decision aims to stabilize the company's stock price, protect shareholder interests, and enhance investor confidence [1][2]. Performance and Operating Conditions - Prior to the termination of the reduction plan, Qunshang Co. issued a performance forecast on January 30, 2026, indicating an expected net loss attributable to shareholders for the year 2025, ranging from -347 million to -271 million yuan, representing a year-on-year decrease of 8.68% to 39.16%. The primary reasons for the performance decline include losses from subsidiary project disposals, investment losses from joint ventures, increased foreign exchange losses, and asset impairment provisions [2]. Recent Stock Performance - As of the market close on February 13, 2026, Qunshang Co.'s stock price was 3.13 yuan, reflecting a daily increase of 3.64%, with a total market capitalization of approximately 4.5 billion yuan. Technical analysis indicates that the stock has outperformed the market and industry averages over the past five days, with resistance and support levels around 3.25 yuan and 2.93 yuan, respectively [3].

Core Viewpoint - The company,勤上股份, is facing a potential loss of control due to the judicial auction of shares held by its former actual controller, Li Xuliang, which may impact its governance structure and financial performance [1][2]. Group 1: Share Auction and Control - Li Xuliang will have 88.18 million shares auctioned from March 18 to 19, 2026, representing 6.21% of the total share capital after excluding shares in the company's repurchase account [1]. - If the shares are auctioned, the voting rights held by the controlling shareholder, Dongguan Jingtengda Enterprise Management Partnership, will decrease to 225 million shares, accounting for 15.81% of the total share capital after excluding repurchased shares [2]. - The auction is currently in the public notice stage, and the outcome remains uncertain; however, it is stated that this will not lead to a change in the company's control or affect its normal operations [2]. Group 2: Financial Performance and Losses - For the fiscal year 2025, the company anticipates a net loss of between 347 million yuan and 271 million yuan, representing a year-on-year decline of 39.16% to 8.68% [2]. - The primary reasons for the expected losses include project disposal losses, losses from investments in affiliated companies, foreign exchange losses, and asset impairment provisions [3]. - The company incurred a disposal loss of approximately 117 million yuan from the disposal of its subsidiary Shanghai Aozhan's construction projects, which contributed to non-operating losses [3]. - Losses from investments in the joint venture Yuguang Lighting amounted to about 104 million yuan, impacting operating profits [3]. - The company also faced increased foreign exchange losses due to the appreciation of the RMB and declining interest income from bank deposits and financial products, cumulatively reducing operating profits by approximately 28 million yuan [3]. - An estimated credit loss provision of 11.1 million yuan was recorded, along with a reversal of asset impairment losses of 22 million yuan [3].

重要内容提示： 证券代码：002638 证券简称：勤上股份 公告编号：2026-007 东莞勤上光电股份有限公司 关于股东所持部分股份将被拍卖的提示性公告 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。 三、对公司的影响及风险提示 ●东莞市晶腾达企业管理合伙企业（有限合伙）（以下简称"晶腾达"）为 东莞勤上光电股份有限公司（以下简称"公司"）控股股东，合计持有公司表决 权股份 312,738,128 股（占剔除公司回购专用账户股份后总股本的 22.02%）， 李俊锋先生为公司实际控制人。 ●本次将被拍卖的股份为原实际控制人李旭亮先生直接持有的 88,183,421 股（占剔除公司回购专用账户股份后总股本的 6.21%，占其直接持有公司股份的 100%），为已委托给晶腾达的表决权股份。 ●本次拍卖事项尚处于公示阶段，且拍卖结果尚存在不确定性。本次司法拍 卖事项不会导致公司控制权发生变更，不会对公司正常生产经营产生影响。 公司于近日通过查询京东网络司法拍卖平台获悉，广东省东莞市中级人民法 院将于 2026 年 3 月 18 日 14 时至 2026 年 3 月 1 ...

Group 1 - The company, Dongguan Qunshang Optoelectronics Co., Ltd., plans to lease approximately 13,000 square meters from Guangdong Qunshang Optoelectronics Technology Co., Ltd. for a total rental fee not exceeding 39.5 million RMB over a 6-year period, which represents 1.76% of the company's audited net assets from the previous year [1][2] - The transaction has been approved by the company's board of directors, with related directors abstaining from voting, and does not require shareholder approval [2][20] - The rental price is based on market rates and has been mutually agreed upon, ensuring fair trading principles are upheld [9][11] Group 2 - The leased property is located in a prime area of Dongguan, which is expected to enhance the company's operational efficiency and market competitiveness [14] - The transaction is deemed necessary for the company's operational needs and will not affect its independence or create dependency on related parties [14] - The company has previously engaged in various transactions with Guangdong Qunshang, totaling 7.0165 million RMB from January 1, 2025, to the date of this announcement [15]

证券代码：002638 证券简称：勤上股份 公告编号：2026-006 东莞勤上光电股份有限公司 关于关联租赁的公告 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。 一、关联交易概述 为满足经营活动的需要，东莞勤上光电股份有限公司（以下简称"公司"） 拟向广东勤上光电科技有限公司（以下简称"广东勤上"）租赁位于广东省东莞 市松山湖园区总部二路 1 号广东勤上光电产业园的一号楼及二号楼部分楼层，租 赁总面积不超过 13,000 平方米，租赁期 6 年（以租赁物交付日为租赁起算日期）， 租赁期内房屋租赁费用合计不超过人民币 3,950 万元，占公司最近一年经审计净 资产的 1.76%。 广东勤上的控股股东东莞市晶丰置业有限公司（以下简称"晶丰置业"）为 公司实际控制人李俊锋先生的关联方，关联董事李俊达先生为广东勤上的法定代 表人，并在晶丰置业担任法定代表人及经理，根据深圳证券交易所《股票上市规 则》等规定，广东勤上为公司关联法人，本次交易构成关联交易。 8、关联关系：晶丰置业为公司实际控制人李俊锋先生的关联方，公司董事 李俊达先生为广东勤上的法定代表人，并在晶丰置 ...