Summary of Kevin Education Conference Call Company Overview - The conference call pertains to Kevin Education, focusing on its financial performance and future strategies for 2024 and beyond. Key Points Financial Performance - Kevin Education's revenue for 2024 is projected to be between 320 million to 335 million yuan, representing a year-on-year growth of 28% to 34% [3] - Despite the revenue growth, the company expects a net loss of 25 million to 37.5 million yuan, which shows improvement compared to previous periods [3] - The loss is attributed to the new "National 9 Regulations" affecting revenue recognition and over 10 million yuan in income tax expenses incurred in Q4 [3][4] Revenue Growth Drivers - Revenue growth is primarily driven by an increase in student enrollment in basic education, particularly in Shanghai and Beijing, with net additions exceeding 200 students [3] - In vocational education, student numbers rose from over 4,000 last year to more than 9,000 this year [3] - The company has effectively designed contracts in vocational education to ensure revenue recognition [3] Deferred Tax Assets - Kevin Education holds 116 million yuan in deferred tax assets, which will impact performance over the next five years [5] - The profitability of Haidian School Service Company and Cultural Determination has been achieved, which will help mitigate the impact of deferred tax assets [5] Future Development Plans - The company plans to focus on expanding enrollment and increasing per-student fees in both basic and vocational education [6] - There are plans to deepen cooperation with Haidian District Party School and explore new business opportunities through mergers and acquisitions [6] - The major shareholder's agreement for transfer is in progress, awaiting state-owned asset approval, expected to be completed in the first half of 2025 [6] School-Specific Developments - Chang'an School is expected to increase student numbers and achieve profitability within five years [7] - Chaoyang School has expanded its middle school and elementary school divisions, enhancing profitability and asset value [7][10] - The rental income from Chaoyang School is stable, with plans to expand to meet market demand [9] Vocational Education Sector - The company has signed several vocational education projects, including government-enterprise training, with a KPI target of over 50 million yuan for the year [12] - The company is confident in meeting these targets despite challenges [12] Market Position and Strategy - The company is optimistic about the growth potential in the vocational education sector, particularly in party and government training [13][14] - The direct sales team is well-prepared for business operations and new business expansion, with expectations of seeing results in 2025 and 2026 [13] Shareholder and Market Dynamics - The share transfer process is progressing, with expectations of completion in 2025, which will not affect the support from state-owned investment [15] - Market fluctuations have influenced stock prices, but these do not impact the transfer decisions between state-owned enterprises [16] Additional Important Insights - The company is actively preparing for potential expansion in the Beijing market, indicating a strong growth outlook for the next decade [11] - The focus on high-ticket vocational education projects and non-degree training is expected to drive future growth [8]

Financial Performance Expectations - The company expects a net loss attributable to shareholders of between 25 million and 37.5 million yuan for the fiscal year 2024, compared to a loss of 49.72 million yuan in the previous year, indicating an improvement [3]. - The projected operating revenue for 2024 is between 32 million and 33.5 million yuan, up from 25.39 million yuan in the previous year, reflecting a significant increase [3]. - The net profit excluding non-recurring gains and losses is expected to be a loss of between 27 million and 39.5 million yuan, compared to a loss of 52.06 million yuan in the previous year [3]. - The basic earnings per share are projected to be a loss of between 0.04 and 0.06 yuan, improving from a loss of 0.08 yuan per share in the previous year [3]. - The net profit attributable to shareholders is expected to grow by approximately 25% to 50% year-on-year [5]. Operational Insights - The company reports a year-on-year increase in the number of students receiving educational services, contributing to revenue growth [5]. Financial Reporting and Advisory - The financial data presented is preliminary and has not been audited, with final figures to be confirmed in the official 2024 annual report [6]. - The company has communicated with its accounting firm regarding the earnings forecast, and there are no discrepancies noted [4]. - The company advises investors to make cautious decisions and be aware of investment risks [6]. Earnings Forecast Period - The earnings forecast period is from January 1, 2024, to December 31, 2024 [3].

è´¢è"社1月10日电，凯文教育å'布2024年度业绩预告，预计公å¸2024å¹ ´å½'属于上市公å¸è'¡ä¸œçš"净利润äºæ Ÿ2500万元-3750万元，比上å¹ ´å ŒæœŸäºæ Ÿå‡少约25%-50%。 å…¬å¸è¡¨ç¤ºï¼ŒæŠ¥å'ŠæœŸå†…å…¬å¸å¦æ ¡æ•™è'²æœ 务åŠå…¶ä»–å "业务æŒç»- 有åº开展，å¦ç"Ÿäººæ•°å¢žåŠ ，收入规模æŒç»å¢žé•¿ã€' ...

Investment Rating - The report maintains a "Buy" rating for Kevin Education, indicating a positive outlook for the company's stock performance in the near term [1][89]. Core Insights - Kevin Education focuses on a diversified educational layout, emphasizing international education, quality education, and vocational training, which positions the company favorably in the competitive education sector [4][5]. - The company has undergone significant changes in its shareholding structure, with strong backing from its major shareholder, Haiguotou, which enhances its operational support and strategic direction [20][21]. - The vocational education segment is identified as a new growth driver, with plans to expand its market coverage and develop a comprehensive vocational education ecosystem [5][28]. - Financial forecasts suggest a gradual improvement in profitability, with expectations of narrowing losses and a potential turning point in earnings [6][89]. Summary by Sections Company Overview - Kevin Education, controlled by Haidian State-owned Assets Supervision and Administration Commission, has diversified its business model to adapt to market changes and enhance its educational offerings [15][18]. - The company operates two K12 international schools, which have received recognition for their educational quality and have established a strong brand presence [22][60]. Financial Performance - The company reported a revenue of 253.89 million yuan in 2023, with a year-on-year growth of 47.78%. Projections for 2024-2026 indicate continued revenue growth, reaching 434.12 million yuan by 2026 [8][88]. - The net profit is expected to improve significantly, with forecasts of -0.05 million yuan in 2024, 0.15 million yuan in 2025, and 0.36 million yuan in 2026, reflecting a positive trend in profitability [6][89]. Market Position and Strategy - The report highlights the competitive landscape of the education sector in Beijing, noting the increasing demand for quality education and the company's strategic initiatives to capture market share [38][51]. - Kevin Education's vocational training initiatives are aligned with national policies promoting vocational education, enhancing its relevance and appeal in the current educational landscape [54][56]. Future Outlook - The company is expected to benefit from its diversified business model, which includes K12 education, vocational training, and quality education services, positioning it as a key player in the education sector [89]. - The anticipated growth in student enrollment and the expansion of educational services are expected to drive revenue and improve financial stability in the coming years [85][89].

证券代码：002659 证券简称：凯文教育 公告编号：2024-046 北京凯文德信教育科技股份有限公司 2024 年第四次临时股东大会决议公告 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。 特别提示： 1、本次股东大会没有否决议案的情况； 2、本次股东大会不涉及变更前次股东大会决议的情况； 3、本次股东大会采取现场投票结合网络投票的方式召开。 一、会议召开和出席情况 （一）会议召开情况 （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 9:15-9:25，9:30—11:30 和 13:00—15:00；通过互联网投票系统投票的 时间为：2024 年 12 月 27 日 9:15—15:00。 6、会议召开地点：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； 7、会议方式：本次股东大会采取现场投票与网络投票相结合的方式； 8、本次会议的召集、召开与表决程序符合《公司法》《股东大会议事规则》 《深圳证券交易所股票上市规则》及 ...

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 2024年第四次临时股东大会的法律意见书 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"）接受北京凯文德信教育科 技股份有限公司（以下简称"公司"）的委托，指派本所律师列席公司于 2024 年 12 月 27 日 15 点 30 分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 层公司会议室召开的 2024 年第四次临时股东大会（以下称"本次 股东大会"），并依据《中华人民共和国公司法》等中国法律、法规和相关规范 性文件（以下称"中国法律法规"）及《北京凯文德信教育科技股份有限公司章 程》（以下称"《公司章程》"）的规定，就本次股东大会的召集和召开程序、 出席会议人员资格、召集人资格、会议表决程序和表决结果等事宜（以下称"程 序事宜"）出具本法律意见书。 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大会的文 件，包括但不限于第六 ...

证券代码：002659 证券简称：凯文教育 公告编号：2024-044 北京凯文德信教育科技股份有限公司 关于聘任公司 2024 年度审计机构的公告 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。 特别提示： 1、2024年度拟聘任的会计师事务所名称：鹏盛会计师事务所（特殊普通合 伙） 2、2023年度聘任的会计师事务所名称：亚太（集团）会计师事务所（特殊 普通合伙） 3、变更会计师事务所的原因：鉴于亚太（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年度审计工作正常开展，综合考虑公司现有业务状况及对未来审计服务 的需求，拟聘任鹏盛会计师事务所（特殊普通合伙）担任公司2024年度审计机构。 4、本次聘任会计师事务所符合财政部、国务院国资委、证监会印发的《国 有企业、上市公司选聘会计师事务所管理办法》的规定。 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12月11 日召开第六届董事会第十二次会议和第六届监事会第十次会议审议并通过《关于 聘任公司2024年度审计机构的议案》， ...

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: ...