证券代码：300010 证券简称：豆神教育 公告编号：2025-023 豆神教育科技（北京）股份有限公司 鉴于公司独立董事陈重先生因个人原因辞去独立董事职务，根据《公司法》《上 市公司独立董事管理办法》《深圳证券交易所创业板股票上市规则》等法律法规、 规范性文件及《公司章程》的有关规定，经公司第六届董事会提名委员会审查通过， 公司于 2025 年 5 月 22 日召开第六届董事会第六次会议审议通过了《关于选举文继 1 旭先生为公司第六届董事会独立董事的议案》，同意补选文继旭先生为第六届董事 会独立董事候选人（简历详见附件），并在当选独立董事后担任公司第六届董事会 薪酬与考核委员会主任委员、提名委员会委员职务，任期自股东会审议通过之日起 至第六届董事会任期届满之日止。 关于补选独立董事的公告 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。 豆神教育科技（北京）股份有限公司（以下简称"公司"）于 2025 年 5 月 22 日 召开第六届董事会第六次会议，审议通过了《关于选举文继旭先生为公司第六届董 事会独立董事的议案》，经第六届董事会提名委员会资格审查通过，董事 ...

证券代码：300010 证券简称：豆神教育 公告编号：2025-022 豆神教育科技（北京）股份有限公司 独立董事提名人声明与承诺 提名人豆神教育科技（北京）股份有限公司董事会 现就提名豆神教育科技（北京）股份有限公司第六届董事 会独立董事候选人文继旭发表公开声明。被提名人已书面 同意作为豆神教育科技（北京）股份有限公司第六届董事 会独立董事候选人（参见该独立董事候选人声明）。本次 提名是在充分了解被提名人职业、学历、职称、详细的工 作经历、全部兼职、有无重大失信等不良记录等情况后作 出的，本提名人认为被提名人符合相关法律、行政法规、 部门规章、规范性文件和深圳证券交易所业务规则对独立 董事候选人任职资格及独立性的要求，具体声明并承诺如 下事项： 一、被提名人已经通过豆神教育科技（北京）股份有 限公司第六届董事会提名委员会或者独立董事专门会议资 格审查，提名人与被提名人不存在利害关系或者其他可能 影响独立履职情形的密切关系。 ☑ 是 □ 否 如否，请详细说明：______________________________ 二、被提名人不存在《中华人民共和国公司法》第一 百四十六条等规定不得担任公司董事的情形。 ...

证券代码：300010 证券简称：豆神教育 公告编号：2025-021 豆神教育科技（北京）股份有限公司 独立董事候选人声明与承诺 声明人文继旭作为豆神教育科技（北京）股份有限公 司第六届董事会独立董事候选人，已充分了解并同意由提 名人豆神教育科技（北京）股份有限公司董事会提名为豆 神教育科技（北京）股份有限公司（以下简称该公司）第 六届董事会独立董事候选人。现公开声明和保证，本人与 该公司之间不存在任何影响本人独立性的关系，且符合相 关法律、行政法规、部门规章、规范性文件和深圳证券交 易所业务规则对独立董事候选人任职资格及独立性的要求， 具体声明并承诺如下事项： 一、本人已经通过豆神教育科技（北京）股份有限公 司第六届董事会提名委员会或者独立董事专门会议资格审 查，提名人与本人不存在利害关系或者其他可能影响独立 履职情形的密切关系。 ☑ 是 □ 否 如否，请详细说明：_____________________________ 二、本人不存在《中华人民共和国公司法》第一百四 十六条等规定不得担任公司董事的情形。 ☑ 是 □ 否 如否，请详细说明：______________________________ 1 ...

证券代码：300010 证券简称：豆神教育 公告编号：2025-024 豆神教育科技（北京）股份有限公司 关于召开 2024 年年度股东大会的通知 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。 豆神教育科技（北京）股份有限公司（以下简称"公司"）第六届董事会第 五次会议于 2025 年 4 月 28 日召开，会议审议通过了《关于择期召开 2024 年年 度股东大会的议案》，同意择期召开股东大会。公司决定于 2025 年 6 月 12 日 （星期四）召开公司 2024 年年度股东大会，本次股东大会将采用股东现场投票 与网络投票相结合的方式进行，现将本次股东大会的有关事项通知如下： 一、召开会议的基本情况 1、股东大会届次：2024 年年度股东大会。 2、股东大会的召集人：公司董事会。 3、会议召开的合法、合规性：本次股东大会的召开符合有关法律、行政法 规、部门规章、规范性文件、深圳证券交易所业务规则和《公司章程》等有关规 定。 4、会议召开的日期、时间 （1）现场会议召开时间：2025 年 6 月 12 日（星期四）下午 3 点 （2）网络投票时间： 本公司同 ...

证券代码：300010 证券简称：豆神教育 公告编号：2025-020 豆神教育科技（北京）股份有限公司 第六届董事会第六次会议决议公告 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。 一、董事会会议召开情况 豆神教育科技（北京）股份有限公司（以下简称"公司"）第六届董事会第六次 会议于 2025 年 5 月 22 日在北京市海淀区东北旺西路 8 号院 25 号楼豆神教育集团会 议室以现场会议与电话会议相结合的方式召开，会议通知已于 2025 年 5 月 19 日以 电子邮件等方式送达全体董事，与会的各位董事已知悉与所议事项相关的必要信息。 本次董事会会议应出席董事 9 名，实际出席会议董事 9 名。本次会议由董事长窦昕 先生主持，公司部分监事、高级管理人员列席了本次会议。会议的召开和表决程序 符合《中华人民共和国公司法》《公司章程》和《董事会议事规则》的相关规定。 二、董事会会议审议情况 与会董事认真审议并通过了如下议案： 1、审议通过《关于选举文继旭先生为公司第六届董事会独立董事的议案》 鉴于公司独立董事陈重先生因个人原因辞去独立董事职务，根据《公司法》《 ...

Core Viewpoint - The establishment of Tianshui Zhiliang Machine Tool Co., Ltd. by Dou Shen Education raises questions about the company's shift from education to manufacturing, particularly in the AI and robotics sectors [1][3][4]. Group 1: Company Background and Financial Performance - Dou Shen Education reported a revenue of 757 million yuan in 2024, a decrease of 23.77% year-on-year, while net profit increased by 334.04% to 137 million yuan [1][9]. - The company's live e-commerce business, which accounted for 41.39% of total revenue in 2023, saw a significant decline of approximately 37 percentage points in 2024 [2][13]. - R&D expenses have drastically decreased from 114 million yuan in 2020 to 4.62 million yuan in 2024, marking an 88.98% drop compared to 2023 [10]. Group 2: Strategic Shifts and New Ventures - Dou Shen Education is actively expanding into AI and robotics, with plans to develop AI hardware for educational purposes, including a humanoid robot for learning assistance [5][8]. - The newly established Tianshui Zhiliang has a registered capital of 50 million yuan and focuses on manufacturing industrial and special operation robots, fully owned by Dou Shen Education [4][6]. - The company has set up multiple subsidiaries related to AI and robotics, indicating a strong commitment to this new direction [6][10]. Group 3: Market Position and Future Outlook - Despite the ambitious plans in AI and robotics, the revenue from AI education remains low, contributing only 3.61% to total revenue in 2024 [11]. - Dou Shen Education's live e-commerce segment generated approximately 259 million yuan in 2024, accounting for 34.17% of total revenue, but this also reflects a decline from previous years [12][13]. - The company aims to leverage its educational expertise to enhance its AI offerings, although the effectiveness of this strategy remains to be seen [10][11].

Core Viewpoint - The article discusses the transformation of Dou Shen Education (300010.SZ) towards AI education amidst its financial struggles and the leadership change from Chi Yanming to Dou Xin, highlighting the company's efforts to recover from past losses and its current challenges in the competitive AI education market [1][19][26]. Company Background - Dou Shen Education was formerly known as Li Si Chen, founded by Chi Yanming, a Tsinghua University graduate, who faced significant financial difficulties leading to a series of losses and a total cash-out of approximately 1.05 billion yuan [1][10]. - The company underwent bankruptcy restructuring, reducing its debt by 2.6 billion yuan, and Dou Xin, another academic figure, became the new actual controller [1][16][17]. Financial Performance - In 2024, Dou Shen Education reported a profit of 137 million yuan, and in Q1 of the current year, it achieved a profit of 37 million yuan, although its revenue has been consistently declining [1][24]. - From 2020 to 2023, the company incurred a total net loss of over 4.5 billion yuan, with a slight recovery in 2024 attributed to financial and governance improvements [23]. AI Education Development - Dou Shen Education has begun to focus on AI education, with AI education revenue accounting for only 3.6% of total revenue in 2024, generating approximately 27.31 million yuan [20][23]. - The company has launched AI-assisted learning products and formed strategic partnerships to enhance its AI education offerings, including a collaboration with Microsoft [22][26]. Market Challenges - Despite the push into AI education, Dou Shen Education's revenue has been on a downward trend, with total revenues decreasing from 1.386 billion yuan in 2020 to 757 million yuan in 2024 [23]. - The company faces stiff competition in the AI education sector from established players like New Oriental and tech giants such as Tencent and Alibaba, raising concerns about its ability to maintain profitability [26].

Core Viewpoint - Dou Shen Education has shown significant growth in net profit and is actively integrating AI technology into its educational offerings, despite facing regulatory scrutiny from the China Securities Regulatory Commission. Financial Performance - For the fiscal year 2024, Dou Shen Education reported a net profit attributable to shareholders of 137 million yuan, representing a year-on-year increase of 334.04% [2] - The company's non-GAAP net profit reached 100 million yuan, marking a year-on-year growth of 119.86% [2] AI Education Capabilities - Dou Shen Education emphasizes its core advantages in AI education through self-developed intelligent products and a strong corpus of educational resources [3] - The company has established a dedicated AI team that has made advancements in knowledge graph construction and targeted algorithm development [3] - An intelligent teaching engine based on domestic large model technology has been developed, significantly enhancing course production efficiency and teaching quality [3] Regulatory Issues - On December 20, 2024, Dou Shen Education received a notice from the China Securities Regulatory Commission regarding an investigation for suspected violations of information disclosure laws [4] - Investors who suffered losses due to the company's alleged misconduct may be eligible for compensation if they purchased shares between the company's listing and December 20, 2024 [4] Intellectual Property and Market Engagement - Dou Shen Education has participated in 23 bidding projects and holds 112 trademark registrations [5]

Financial Performance - The company achieved a net profit of 137 million CNY for the fiscal year 2024, representing a year-on-year growth of 334.04% [4] - The non-GAAP net profit was 100 million CNY, with a year-on-year increase of 119.86% [4] - The revenue for Q1 2025 was 189.6 million CNY [9] AI Education Advantages - The company has a strong capability in AI product development and corpus advantages, focusing on integrating AI technology into various educational scenarios [6] - A dedicated AI team has been established, leading to advancements in knowledge graph construction and targeted algorithm development [6] - The launch of "Dou Shen AI" in October 2024 showcases the company's commitment to personalized education through AI technology [6] AI Business Development - AI education currently accounts for 3.6% of total revenue, with plans to accelerate its growth and increase its contribution to overall revenue [11] - The company aims to create a comprehensive education AI ecosystem by integrating software, hardware, and services [11] - The AI education business generated revenue of 27.31 million CNY in 2024 [13] Cultural and Tourism Education - The company is focusing on integrating Chinese traditional and classic literature with domestic and international travel, promoting a unique educational experience [7] - Diverse travel study routes are being developed, including popular domestic destinations and expanding overseas options [7] Future Product Development - The company is developing AI smart hardware for educational purposes, with plans to release various products, including a desktop learning robot and an AI learning cabin [10] - The "Companion Learning Spirit" robot is in the design phase and is expected to enter mass production within the year [15] Shareholder Information - As of March 31, 2025, the number of shareholders was 122,350 [17]

Investment Rating - The investment rating for the company is "Buy" [2][58] Core Viewpoints - The company has completed its restructuring and is transitioning to non-subject education services, focusing on enhancing literary quality through innovative AI courses [7][13][58] - The company has launched its self-developed AI education model, "Dou Shen Ci Yuan," and is expected to see rapid growth in both live and AI courses [7][58] - The financial outlook shows a significant recovery with projected net profits increasing substantially over the next few years [5][53][55] Summary by Sections 1. Restructuring and Business Transition - The company completed its restructuring in December 2023, with a new shareholding structure where Dou Xin holds 18.3% of shares, becoming the controlling shareholder [14][15] - The business model has shifted from traditional exam-oriented tutoring to quality education services, including arts education and live e-commerce sales [13][14] 2. Business Analysis: Recorded and Live Courses - The recorded courses are primarily based on the "New L" series, focusing on cultural and literary education [16] - Live courses include the "Wang Zhe" class, which has been running since 2017, and new offerings like "Xiao Wang Zhe" and "Dou Shen Gui Lai" launched in 2024 [18][21][22] 3. Financial Analysis - The company experienced a decline in revenue from 2020 to 2023 due to the pandemic and regulatory policies, but signs of recovery are evident with a slight revenue drop of only 0.6% in Q1 2025 [49][52] - The gross margin has improved significantly, reaching 62.3% in Q1 2025, surpassing pre-pandemic levels [46][49] 4. Potential Growth Drivers - Growth is expected from existing literary courses, expansion into other subjects, and the promotion of AI live courses [56] 5. Profit Forecast and Investment Recommendations - Projected net profits for 2025, 2026, and 2027 are 2.1 billion, 3.1 billion, and 4.0 billion respectively, with significant year-on-year growth rates [5][55] - The company is recommended for investment based on its strong market position and innovative educational offerings [58]