本公司及监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。 证券代码：002659 证券简称：凯文教育 公告编号：2024-043 北京凯文德信教育科技股份有限公司 第六届监事会第十次会议决议公告 表决结果：3 票同意，0 票反对，0 票弃权 北京凯文德信教育科技股份有限公司 北京凯文德信教育科技股份有限公司（以下简称"公司"）第六届监事会第 十次会议（以下简称"会议"）通知于 2024 年 12 月 6 日以传真、邮件、专人送 达等方式发出，会议于 2024 年 12 月 11 日以现场结合通讯表决方式召开。本次 会议应出席监事 3 人，实际出席监事 3 人。本次会议召开符合《公司法》《公司 章程》等有关法律、法规的规定，会议合法有效。 监 事 会 会议由监事会主席张菁荣女士主持，与会监事经审议通过了以下议案： 2024 年 12 月 12 日 一、《关于聘任公司 2024 年度审计机构的议案》 鉴于公司 2023 年度审计机构亚太（集团）会计师事务所（特殊普通合伙） 被财政部处以暂停经营业务 12 个月的行政处罚，基于审慎性原则，为保证公司 2024 年度审计工作正常 ...

北京凯文德信教育科技股份有限公司（以下简称"公司"）第六届董事会第 十二次会议（以下简称"会议"）通知于 2024 年 12 月 6 日以传真、邮件、专人 送达等方式发出，会议于 2024 年 12 月 11 日以现场结合通讯表决方式召开。会 议应出席董事 7 人，实际出席董事 7 人，本次会议的出席人数、召集召开程序、 议事内容均符合《公司法》和《公司章程》的相关规定，会议合法有效。 会议由董事长王腾先生主持，与会董事经审议通过了以下议案： 证券代码：002659 证券简称：凯文教育 公告编号：2024-042 北京凯文德信教育科技股份有限公司 第六届董事会第十二次会议决议公告 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。 详细内容请见公司于同日在巨潮资讯网、《证券时报》《证券日报》《中国证 券报》披露的《关于召开 2024 年第四次临时股东大会的通知》。 一、《关于聘任公司 2024 年度审计机构的议案》 表决结果：7 票同意，0 票反对，0 票弃权 鉴于公司 2023 年度审计机构亚太（集团）会计师事务所（特殊普通合伙） 被财政部处以暂停经营业务 12 ...

证券代码：002659 证券简称：凯文教育 公告编号：2024-045 北京凯文德信教育科技股份有限公司 关于召开 2024 年第四次临时股东大会的通知 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。 北京凯文德信教育科技股份有限公司（以下简称"公司"）第六届董事会第 十二次会议审议通过了《关于召开2024年第四次临时股东大会的议案》，决定于 2024年12月27日（周五）15:30在北京市海淀区西三环北路甲2号院（中关村国防 科技园）5号楼15层公司会议室召开2024年第四次临时股东大会。本次股东大会 采取股东现场投票与网络投票相结合的方式进行。召集人公司董事会认为本次股 东大会会议召开符合有关法律、行政法规、部门规章、规范性文件和公司章程的 规定。有关具体事项如下： 一、召开会议的基本情况 4、会议召开的日期、时间： （1）现场会议召开时间：2024 年 12 月 27 日（周五）15:30 开始 （2）网络投票时间：2024 年 12 月 27 日 其中，通过深圳证券交易所交易系统进行网络投票的时间为：2024 年 12 月 27 日上午 9:15-9: ...

Investment Rating - The investment rating for the company is "Hold" with a lowered rating [6] Core Views - The company reported a revenue of 0.7 million in Q3 2024, representing a year-on-year increase of 16%, while the net profit attributable to the parent company was -0.12 million, a decrease of 125% [2] - The company has strengthened its capabilities in teacher team building, policy interpretation, property management, catering and logistics services, and cooperation both inside and outside the school, which supports its growth in vocational education and light asset output business [2][4] - The company has established multiple industrial colleges in vocational education, and its operational management experience will provide a guarantee for future business expansion [2][4] - The company benefits from the support of local government due to its controlling shareholder being a state-owned asset management company in Haidian District, Beijing [2][5] Financial Performance Summary - For the first three quarters of 2024, the company's revenue was 2.3 million, an increase of 18% year-on-year, while the net profit attributable to the parent company was -0.22 million, an increase of 13% [2] - The gross profit margin for Q1-3 2024 was 29.60%, an increase of 5.16 percentage points, while the net profit margin was -9.14%, an increase of 4.12 percentage points [2] - The company adjusted its profit forecast, expecting net profits attributable to the parent company to be 1.47 million, 0.17 million, and 0.46 million for 2024-2026, with corresponding PE ratios of 1921X, 169X, and 62X [3] Financial Data and Valuation - The company's revenue is projected to grow from 171.80 million in 2022 to 475.25 million in 2026, with a compound annual growth rate of 26.10% [5] - The net profit attributable to the parent company is expected to turn positive in 2024, reaching 1.47 million, and further increasing to 45.74 million by 2026 [5] - The company’s current price is 4.72 yuan, with a total market capitalization of 2,823.88 million [6]

北京凯文德信教育科技股份有限公司（以下简称"公司"）第六届监事会第 九次会议（以下简称"会议"）通知于 2024 年 10 月 25 日以传真、邮件、专人 送达等方式发出，会议于 2024 年 10 月 30 日以现场结合通讯表决方式召开。本 次会议应出席监事 3 人，实际出席监事 3 人。本次会议召开符合《公司法》《公 司章程》等有关法律、法规的规定，会议合法有效。 会议由监事会主席张菁荣女士主持，与会监事经审议通过了以下议案： 一、《2024 年第三季度报告》 证券代码：002659 证券简称：凯文教育 公告编号：2024-039 北京凯文德信教育科技股份有限公司 第六届监事会第九次会议决议公告 本公司及监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。 特此公告。 表决结果：3 票同意，0 票反对，0 票弃权 2、公司《2024 年第三季度报告》内容与格式符合中国证监会和深圳证券交 易所的各项规定，在重大方面真实、准确、完整地反映了报告期内公司的财务状 况、经营成果、法人治理、业务发展情况和主要风险，不存在任何虚假记载、误 导性陈述或者重大遗漏。 根据《证券法》规定 ...

证券代码：002659 证券简称：凯文教育 公告编号：2024-038 表决结果：7 票同意，0 票反对，0 票弃权 公司全体董事、监事、高级管理人员对《2024 年第三季度报告》签署了书面 确认意见，保证公司 2024 年第三季度报告内容真实、准确、完整，不存在任何 虚假记载、误导性陈述或者重大遗漏。 详细内容请见公司于同日在巨潮资讯网、《证券时报》《证券日报》《中国证 券报》披露的《2024 年第三季度报告》。 二、《关于使用暂时闲置自有资金进行现金管理的议案》 北京凯文德信教育科技股份有限公司 第六届董事会第十一次会议决议公告 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。 北京凯文德信教育科技股份有限公司（以下简称"公司"）第六届董事会第 十一次会议（以下简称"会议"）通知于 2024 年 10 月 25 日以传真、邮件、专人 送达等方式发出，会议于 2024 年 10 月 30 日以现场结合通讯表决方式召开。会 议应出席董事 7 人，实际出席董事 7 人，本次会议的出席人数、召集召开程序、 议事内容均符合《公司法》和《公司章程》的相关规定，会议合法有 ...

证券代码：002659 证券简称：凯文教育 公告编号：2024-041 北京凯文德信教育科技股份有限公司 关于使用暂时闲置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。 北京凯文德信教育科技股份有限公司（以下简称"公司"）于 2024 年 10 月 30 日召开第六届董事会第十一次会议审议并通过《关于使用暂时闲置自有资金 进行现金管理的议案》。根据公司流动资金的储备情况，为提高资金使用效率， 取得一定的投资收益，公司决定使用不超过人民币 5 亿元闲置自有资金进行现金 管理，在上述额度范围内可循环滚动使用。闲置自有资金用于购买安全性高、流 动性好的理财产品，投资决议有效期为自董事会审议通过之日起 12 个月。具体 情况如下： 一、使用闲置自有资金进行现金管理的情况 （一）投资目的 为提高公司资金使用效率，在确保资金安全、不影响公司日常经营的前提下， 公司拟合理利用闲置自有资金进行现金管理，以增加资金收益，提高闲置资金使 用效率，为公司及股东获取更多的回报。 （二）投资额度 公司拟使用不超过人民币 5 亿元闲置自有资金进行现金管理，在上 ...

Revenue and Profitability - Revenue for Q3 2024 reached ¥73,232,065.81, an increase of 16.06% compared to the same period last year[2] - Net profit attributable to shareholders was -¥12,308,269.93, a decrease of 125.04% year-over-year[2] - Basic earnings per share were -¥0.021, a decline of 133.33% compared to the same period last year[2] - Net profit for Q3 2024 was a loss of CNY 20,595,584.31, compared to a loss of CNY 25,328,908.23 in Q3 2023, indicating an improvement in performance[12] - Total comprehensive income for the period attributable to the parent company was -22,241,691.41 CNY, compared to -25,274,611.78 CNY in the previous period[13] Cash Flow and Liquidity - Net cash flow from operating activities for the year-to-date was ¥7,266,720.71, down 89.66% compared to the previous year[2] - Cash inflow from operating activities totaled 191,237,111.67 CNY, down from 197,592,105.35 CNY year-over-year[15] - Cash outflow for purchasing goods and services increased to 91,272,740.05 CNY from 59,142,683.58 CNY in the previous period[15] - Cash and cash equivalents decreased to ¥265,377,322.93 from ¥395,696,734.71 at the beginning of the period[9] - Cash and cash equivalents at the end of the period were 265,183,332.93 CNY, down from 311,559,084.80 CNY at the end of the previous period[15] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,943,387,532.92, a decrease of 5.35% from the end of the previous year[2] - Total liabilities decreased to CNY 763,478,290.02 from CNY 909,330,808.04, representing a reduction of about 16.0%[11] - The company's total assets decreased to CNY 2,943,387,532.92 from CNY 3,109,891,235.11, a decline of approximately 5.4%[11] - The company’s long-term borrowings decreased from CNY 640,000,000.00 to CNY 540,000,000.00, a decline of 15.6%[11] Shareholder Information - The total number of common shareholders at the end of the reporting period is 31,473[6] - The largest shareholder, Baida Chu Holdings Group Co., Ltd., holds 28.84% of the shares, totaling 172,519,294 shares[6] - The company signed a share transfer agreement on September 20, 2024, transferring 88,784,808 shares (14.84% of total shares) to the controlling shareholder, Hai Guo Tou, at a price of ¥3.69 per share[8] - After the transfer, Hai Guo Tou will hold 95,749,608 shares, representing 16% of the total shares, becoming the largest shareholder[8] - The company has not reported any changes in the participation of major shareholders in margin financing and securities lending[7] Changes in Financial Metrics - Accounts receivable increased by ¥27,286,277.96, a growth of 514.47% due to increased education service fees[4] - Contract liabilities decreased by ¥34,764,841.87, a decline of 41.96% due to changes in payment timing for education service fees[4] - Other income decreased by ¥618,424.80, a drop of 84.85% due to reduced government subsidies[4] - The weighted average return on net assets was -0.56%, a decrease of 0.31% year-over-year[2] - The company’s equity attributable to shareholders decreased to CNY 2,178,635,194.91 from CNY 2,200,876,886.32, a decrease of approximately 1.0%[11] Investment Activities - Cash inflow from investment activities was 1,622,958,716.63 CNY, compared to 739,162,256.57 CNY in the previous period[15] - Net cash flow from investment activities was -2,390,723.46 CNY, worsening from -109,567,707.31 CNY in the previous period[15] Audit and Reporting - The company has not undergone an audit for the third quarter report[16]

Investment Rating - The report assigns a "Buy" rating for Kevin Education (002659) with a target price based on the last closing price of 4.41 [1][8]. Core Views - The restructuring of the equity structure is expected to benefit the company's long-term development [1][3]. - The transfer of shares from Baidaochu Holdings to Haiguotou is aimed at enhancing the support for the company, as Haiguotou will hold 16% of the equity and 30% of the voting rights after the transfer [2][3]. - The company is expected to benefit from Haiguotou's clear goals for state-owned enterprise reform, which includes significant revenue and asset injection targets [3][5]. - Kevin Education is expanding its student base through its international schools and is also venturing into domestic high school education, which is anticipated to improve its operational performance [3][5]. Financial Summary - Revenue projections for Kevin Education are as follows: - 2024: 319.42 million - 2025: 389.82 million - 2026: 463.99 million - Growth rates are expected to be 25.81%, 22.04%, and 19.03% respectively [5][6]. - Net profit forecasts are: - 2024: 6.31 million - 2025: 27.41 million - 2026: 51.02 million - Growth rates are projected at 112.69%, 334.22%, and 86.13% respectively [5][6]. - Earnings per share (EPS) are expected to be: - 2024: 0.01 - 2025: 0.05 - 2026: 0.09 [5][6].

Group 1: Share Transfer and Governance Structure - The company disclosed a share transfer agreement on September 21, 2024, involving a transfer of 14.84% of shares from Baidaochu Holdings to Haiguotou, which will increase Haiguotou's direct shareholding to 16% [3][4]. - Prior to 2021, Baidaochu Holdings was the controlling shareholder, with Haiguotou as the indirect controlling shareholder. The actual controller was the Haidian District State-owned Assets Supervision and Administration Commission [3]. - The share transfer aims to clarify the relationship between voting rights and shareholding, enhancing corporate governance and future development prospects [4][5]. Group 2: Financial and Strategic Support - Haiguotou, with total assets exceeding 200 billion yuan, will provide substantial support to the company in terms of assets, funds, and business development over the next two to three years [5]. - The share transfer agreement was priced at 3.69 yuan per share, based on the higher of the closing price on the last trading day before the agreement, the average price over the last 30 trading days, or the company's net asset value [5][6]. - Baidaochu Holdings retains 14% of the shares and will continue to delegate management and voting rights to Haiguotou, reflecting confidence in the company's future growth [5][6]. Group 3: Investor Interaction and Future Plans - During investor interactions, questions were raised regarding the future arrangements for Baidaochu's remaining shares and Haiguotou's plans for increasing its stake [5][6]. - Haiguotou's support for Kevin Education will mirror that provided to its other subsidiaries, ensuring equal status in terms of shareholder support and resource sharing [6]. - The company aims for a strong market performance to provide returns to shareholders, with long-term strategies being developed in collaboration with state-owned assets [5][6].