Group 1 - Kevin Education's stock increased by 5.63%, reaching 6.19 CNY per share, with a trading volume of 420 million CNY and a turnover rate of 11.94%, resulting in a total market capitalization of 3.703 billion CNY [1] - The company, Beijing Kevin Education Technology Co., Ltd., was established on March 26, 1999, and went public on March 9, 2012. Its main business involves education and related industries, with revenue composition: 80.81% from education services, 17.81% from training services, and 1.38% from leasing [1] Group 2 - From the perspective of fund holdings, one fund under Caitong Fund has a significant position in Kevin Education. Caitong Furu Mixed Fund A (501028) held 259,200 shares in the third quarter, accounting for 0.97% of the fund's net value, ranking as the ninth largest holding [2] - The Caitong Furu Mixed Fund A (501028) was established on November 22, 2016, with a latest scale of 58.0718 million CNY. Year-to-date return is 9.98%, with a ranking of 5837 out of 8155 in its category; the one-year return is also 9.98% with the same ranking; since inception, the return is 43.9% [2] - The fund manager, Gu Hongyuan, has been in position for 4 years and 226 days, managing total assets of 494 million CNY. The best fund return during his tenure is 55.21%, while the worst is -23.03% [2]

（记者 王瀚黎） 每经AI快讯，有投资者在投资者互动平台提问：智谱AI马上在港股上市，海国资是其重要财务投资 人，会对凯文教育有哪些积极影响或业务赋能？ 凯文教育（002659.SZ）1月5日在投资者互动平台表示，公司与智谱华章基于合作协议共同设立北京智 启文华教育科技有限公司，携手布局人工智能在教育领域的应用探索。智谱华章作为合作方，凭借其在 人工智能领域的技术积累，为合资公司AI教育产品的研发提供了重要支持，双方合作有序推进。 智谱 华章的上市进程及股权融资动态，属于其自身发展规划范畴，相关信息请以智谱华章官方披露内容为 准。若智谱华章借助资本市场实现进一步发展壮大，从长远合作角度看，有望为双方合资公司的技术迭 代、产品升级提供更坚实的支撑，助力合资公司更好地推进AI教育产品的打磨与推广。 截至目前，未 来合作赋能的实际效果仍受行业技术发展、市场需求变化、产品推广进度等多重因素影响，存在一定不 确定性。公司相关AI教育产品仍处于推广测试与迭代完善阶段，尚未形成规模化收入。 ...

Core Viewpoint - The A-share AI application sector is experiencing a significant surge, driven by favorable policies and industry chain developments, leading to increased investment interest in AI applications [3][4]. Group 1: Market Performance - On December 31, A-share AI application stocks saw a strong performance, with companies like BlueFocus and Wanshili hitting a 20% limit up, while others like Nanjing Xingsheng and Zhangyue Technology also recorded significant gains [4]. - The overall market sentiment is positive, with multiple stocks in the AI sector showing robust growth, indicating a strong investor appetite for AI applications [4]. Group 2: Policy Support - The Chongqing Municipal Government has launched the "Starry Sky" action plan to enhance the software and information service industry, focusing on AI applications and intelligent agents to modernize urban governance [6]. - The Ministry of Education plans to advance AI in education, aiming to develop a future-oriented educational system that incorporates AI across various educational stages [7]. Group 3: Industry Developments - Meta has announced a multi-billion dollar acquisition of the parent company of AI application Manus, marking its third-largest acquisition to date, which underscores the growing importance of AI applications in the tech industry [8]. - Multiple brokerage firms are optimistic about the AI application sector's performance in 2026, highlighting the convergence of policy, technology, and demand as key growth drivers [9]. Group 4: Investment Opportunities - Analysts suggest that investment opportunities in the AI industry will expand from hardware to application sectors, with a focus on domestic large models making breakthroughs in various applications [3][9]. - There is a strong recommendation to invest in AI applications across various fields such as content creation, social media, search, proofreading, advertising, education, e-commerce, and finance, as commercialization is expected to accelerate [9]. Group 5: Future Projections - A survey by TechCrunch indicates that most venture capital firms expect an increase in corporate AI budgets by 2026, with a trend towards concentrated investments in fewer partnerships rather than widespread funding [10].

Market Performance - On December 31, major indices showed volatility, with the Shanghai Composite Index slightly up by 0.09%, while the Shenzhen Component Index fell by 0.58%, the ChiNext Index dropped by 1.23%, and the STAR Market 50 Index decreased by 1.15% [2] - Over 2,300 stocks in the two markets were in the green, with a total trading volume reaching approximately 2.05 trillion yuan [2] AI and Technology Sector - AI application concept stocks led the gains, with BlueFocus (300058.SZ) rising by 20%, iReader Technology (603533.SH) increasing by 10%, and Century Tianhong (300654.SZ) and Chinese Online (300364.SZ) experiencing significant increases [2] - Meta announced the acquisition of the general AI agent platform Manus, marking its third-largest acquisition to date. Manus has processed over 147 trillion tokens and created 80 million virtual computers, serving millions of users [2] Aerospace Sector - The commercial aerospace concept remained active, with Aerospace Universe (688523.SH) rising over 14%, and China Satellite (600118.SH) and Aerospace Development (000547.SZ) both increasing by 10% [2] - On December 31, China successfully launched the Practice-29 satellite using the Long March 7 modified carrier rocket, marking the 623rd flight of the Long March series and a record 73 space launch missions completed in 2025 [3] Aviation and Education Sector - The airport and shipping sector strengthened, with companies like Juneyao Airlines (603885.SH) up by 7.2%, and China Eastern Airlines (600115.SH), China Southern Airlines (600029.SH), and Air China (601111.SH) also seeing gains [4] - The upcoming New Year holiday is expected to drive a surge in passenger traffic, with the Civil Aviation Administration predicting a 4.9% year-on-year increase in passenger throughput from January 1 to 3, 2026 [4] - The education sector also performed well, with Kevin Education (002659.SZ) hitting the daily limit up by 10%, and other companies like Zhonggong Education (002607.SZ) and Dou Shen Education (300010.SZ) showing significant increases [4] - The Ministry of Education plans to advance AI in education, with policies expected to be released next year to promote AI knowledge education and develop a future-oriented education system [4] Declining Sectors - The liquor and pharmaceutical commercial sectors weakened, with companies like Hefei China (603122.SH), Kweichow Moutai (600519.SH), and Gujing Gongjiu (000596.SZ) experiencing declines [5] - The chip and lithium battery sectors also faced downturns, with Saiwei Electronics (300456.SZ) dropping by 9.96%, and other companies like Cambrian (688256.SH), EVE Energy (300014.SZ), and CATL (300750.SZ) also declining [5]

Market Overview - The three major A-share indices collectively declined on the last trading day of 2025, with the Shanghai Composite Index down 0.07%, the Shenzhen Component Index down 0.67%, and the ChiNext Index down 1.1% [2] - The half-day trading volume in the Shanghai and Shenzhen markets reached 1.31 trillion yuan, an increase of 176 billion yuan compared to the previous trading day [3] Sector Performance AI Sector - The AI application sector saw strong gains, with several stocks hitting the daily limit up, including BlueFocus (20% increase), Desheng Technology (10% increase), and others [5][6] - Meta's acquisition of the AI application company Manus for several billion dollars has boosted sentiment in the AI sector [6] Commercial Aerospace - Commercial aerospace stocks experienced a resurgence, with multiple stocks hitting the daily limit up, including Reco Defense and Beidou Star [7][8] - The National Defense Science and Technology Administration emphasized the importance of promoting commercial aerospace development [8] Education Sector - The education sector also saw gains, with Kevin Education hitting the daily limit up and other companies like Zhonggong Education and Dou Shen Education following suit [10][11] - The Ministry of Education plans to advance AI in education, indicating future policy support [11] Nonferrous Metals - The nonferrous metals sector showed a strong upward trend, particularly in copper and precious metals [12][13] - Jiangxi Copper rose nearly 8%, with other companies like Yunnan Copper and Tongling Nonferrous Metals also seeing gains [13][14] - Copper prices have surged, with a 44% increase year-to-date, driven by supply-demand dynamics and a weaker dollar [15]

Group 1 - The A-share market saw a strong performance in education stocks, with Kevin Education hitting the daily limit, and Dou Shen Education and Zhong Gong Education rising over 5% [1] - Other education companies such as Quanta Education, Chuangye Heima, and Xueda Education also experienced gains of over 2% [1] - The Ministry of Education plans to introduce policies next year related to the integration of artificial intelligence in education, aiming for systematic deployment and advancement of AI in educational applications [1]

Group 1 - The State Council of China has announced the implementation of the Value-Added Tax Law, effective from January 1, 2026, detailing taxpayer scope, tax rates, tax calculation methods, tax incentives, and management measures [1] - The National Development and Reform Commission and the Ministry of Finance have released a policy for a large-scale replacement and recycling program for consumer goods, effective in 2026, covering categories such as automobiles, home appliances, and digital products [2] - Starting January 1, 2026, individuals selling residential properties purchased for more than two years will be exempt from value-added tax, while those selling properties purchased for less than two years will be subject to a 3% tax rate [3] Group 2 - The Ministry of Industry and Information Technology has issued a plan for the digital transformation of the automotive industry, aiming for significant improvements in smart manufacturing capabilities by 2027, including a 10% increase in labor productivity and a 20% reduction in product development cycles [4] - The i-Moutai platform will adjust its product offerings in 2026, including the introduction of various Moutai products, while denying rumors of a daily supply of 100 tons [5][6] - The National Investment Fund has issued a warning regarding the risks of investing in high-premium fund shares, highlighting significant price fluctuations in the market [7] Group 3 - The South Korean President will visit China from January 4 to 7, 2026, marking his first state visit since taking office, with expectations for enhanced strategic cooperation between the two countries [8] - Tianpu Co. has seen its stock price increase by 718.39% from August 22 to December 30, 2025, leading to a suspension of trading for verification due to significant deviations from the company's fundamentals [9] - The Ministry of Education plans to introduce policies in 2026 to promote artificial intelligence in education, with a focus on developing high-quality talent for the future [11]

证券日报网讯 12月29日，凯文教育发布公告称，公司2025年12月29日召开2025年第二次临时股东会， 审议通过《关于续聘公司2025年度审计机构的议案》《关于制定的议案》。 （编辑 丛可心） ...

证券代码：002659 证券简称：凯文教育 公告编号：2025-039 北京凯文德信教育科技股份有限公司 2025 年第二次临时股东会决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 2、本次股东会不涉及变更前次股东会决议的情况； 特别提示： 3、本次股东会采取现场投票结合网络投票的方式召开。 1、本次股东会没有否决议案的情况； 一、会议召开和出席情况 （一）会议召开情况 1、股东会名称：2025 年第二次临时股东会 2、会议召集人：公司董事会 3、会议主持人：董事长王腾先生 4、股权登记日：2025 年 12 月 24 日 5、会议召开时间： 通过现场和网络投票的股东 147 人，代表股份 210,903,794 股，占公司有表 决权股份总数的 35.2517%。 其中：通过现场投票的股东 2 人，代表股份 179,484,094 股，占公司有表决 权股份总数的 30.0000%。 通过网络投票的股东 145 人，代表股份 31,419,700 股，占公司有表决权股份 总数的 5.2517%。 （1）现场召开时间为：2025 年 12 月 29 日 ...

为出具本法律意见书，本所律师审查了公司提供的有关本次股东会的文件， 包括但不限于第六届董事会第二十次会议决议以及根据上述决议内容刊登的公 告、本次股东会的通知、议案和决议等，同时听取了公司及相关人员就有关事实 的陈述和说明，列席了本次股东会。公司承诺其所提供的文件和所作的陈述和说 明是完整、真实和有效的，无任何隐瞒、疏漏之处。 在本法律意见书中，本所根据本法律意见书出具日或以前发生的事实及本所 律师对该事实的了解，仅就本次股东会的程序事宜所涉及的相关法律问题发表法 律意见，保证本法律意见书不存在虚假记载、误导性陈述及重大遗漏。本所同意 公司将本法律意见书作为本次股东会必需文件公告，并依法对所出具之法律意见 承担责任。未经本所书面同意，本法律意见书不得用于其他任何目的。 中国北京市朝阳区建国路 77 号华贸中心 3 号写字楼 34 层邮政编码 100025 电话: (86-10) 5809-1000 传真: (86-10) 5809-1100 关于北京凯文德信教育科技股份有限公司 2025年第二次临时股东会的法律意见书 致：北京凯文德信教育科技股份有限公司 北京市竞天公诚律师事务所（以下简称"本所"）接受北京凯 ...