证券代码：300338 证券简称：ST 开元 公告编号：2025-055 开元教育科技集团股份有限公司 关于参加 2025 年湖南辖区上市公司投资者网上集体接待日 暨半年度业绩说明会活动的公告 本公司及董事会全体成员保证公告内容的真实、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。 开元教育科技集团股份有限公司董事会 2025 年 9 月 13 日 为进一步加强与投资者的互动交流，开元教育科技集团股份有限公司(以下 简称"公司")将参加由湖南证监局、湖南省上市公司协会与深圳市全景网络有 限公司联合举办的"资本聚三湘 楚光耀新程——2025 年湖南辖区上市公司投 资者网上集体接待日暨半年度业绩说明会"活动，现将相关事项公告如下: 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 (https://rs.p5w.net)，或关注微信公众号：全景财经，或下载全景路演 APP, 参与本次互动交流，活动时间为 2025 年 9 月 19 日(星期五)14:00-17:00。届时 公司高管将在线就公司 2024 年至 2025 半年度业绩、公司治理、发展战略、经营 状况、融资计划、股权激励和 ...

Financial Performance - ST Kaiyuan reported a net profit decline of 146.22% year-on-year, with a total revenue of 75.643 million yuan, down 22.6% [1] - In Q2, the company generated a revenue of 41.582 million yuan, a decrease of 30.46% year-on-year, and a net profit of -26.548 million yuan, down 138.69% [1] - The gross margin was 47.58%, a decrease of 20.85% year-on-year, while the net margin was -59.03%, down 208.47% [1] Cost and Expenses - Total sales, management, and financial expenses amounted to 76.179 million yuan, accounting for 100.71% of revenue, an increase of 13.75% year-on-year [1] - The company reported a negative operating cash flow per share of -0.22 yuan, a decrease of 722.23% year-on-year [1] Historical Performance and Business Model - The company's historical median Return on Invested Capital (ROIC) over the past decade is -14.67%, with the worst year being 2024 at -543.62% [2] - The business model relies heavily on marketing-driven performance, necessitating a thorough examination of the underlying drivers [2] - The company has reported losses in 5 out of 12 annual reports since its listing, indicating a generally poor financial history [2] Cash Flow and Financial Health - The cash flow situation is concerning, with a cash and cash equivalents to current liabilities ratio of only 46.12% [2] - The average net cash flow from operating activities over the past three years has been negative [2]

Core Viewpoint - The A-share education sector in the first half of 2025 continues to exhibit a "polarized" pattern, with some companies thriving while others struggle, reflecting the complex and changing market environment [1][20]. Group 1: "Fire Zone" Companies - Companies in the "fire zone" such as Xueda Education, Angli Education, and Tuo Wei Information show significant growth and profitability, driven by different strategies: scale expansion, comprehensive transformation, and technology-driven approaches [3][20]. - Xueda Education achieved revenue of 1.92 billion with a growth rate of 18.3% and a net profit of 230 million, focusing on personalized education and national expansion [4][20]. - Angli Education reported revenue of 632 million, up 11.84%, and turned a profit of 2.88 million, diversifying into multiple educational sectors including quality education and vocational training [6][20]. - Tuo Wei Information's revenue was 1.306 billion, down 24.42%, but net profit surged to 78.81 million due to non-recurring gains, highlighting a reliance on financial adjustments rather than core business growth [8][20]. Group 2: "Ice Zone" Companies - Companies in the "ice zone" like Quantu Education, Honghe Education, and ST Kaiyuan face severe challenges, including significant revenue declines and ongoing losses, reflecting the harsh realities of the education industry [10][20]. - Quantu Education's revenue fell to 125 million, down 36.58%, with a net loss of 32.3 million, struggling with policy tightening and reduced client payment capabilities [11][20]. - Honghe Education reported revenue of 1.4 billion, down 10.99%, with a net profit of only 45 million, as its core interactive whiteboard business continues to decline [12][20]. - ST Kaiyuan's revenue dropped to 75.64 million, down 22.6%, with a net loss of 44.36 million, facing severe financial distress and potential delisting risks [16][20]. Group 3: "Middle Zone" Companies - Companies like Keda Xunfei, Kewen Education, and Kede Education are positioned in the middle zone, showing both growth potential and structural challenges [20][24]. - Keda Xunfei achieved revenue of 10.91 billion, up 17%, but reported a net loss of 360 million, indicating a struggle to convert growth into profitability [21][20]. - Kewen Education's revenue was 171 million, with a net profit of 735,000, reflecting a strong brand in international education despite its small scale [23][20]. - Kede Education's revenue declined to 366 million, down 1.15%, while its net profit fell by 15.16%, showcasing a dual narrative of declining core business and capital market interest due to its AI chip investments [22][20].

Group 1 - ST Kaiyuan reported a revenue of approximately 75.64 million yuan for the first half of 2025, a year-on-year decrease of 22.6% [1] - The net loss attributable to shareholders for the same period was approximately 44.36 million yuan, with a basic loss per share of 0.1102 yuan [1] - In comparison, the revenue for the first half of 2024 was approximately 97.73 million yuan, with a net loss of about 18.02 million yuan and a basic loss per share of 0.0447 yuan [1] Group 2 - As of the report, ST Kaiyuan's market capitalization stands at 1.7 billion yuan [2]

上市公司2025半年度非经营性资金占用及其他关联资金往来情况汇总表 编制单位：开元教育科技集团股份有限公司 金额单位：人民币万元 | 非经营性资金占用 | 资金占用方名称 | 占用方与上市公司 的关联关系 | 上市公司核算的会 计科目 | 2025年初占用资金 余额 | 2025年度占用累计 发生金额（不含利 | 2025半年度占用资 金的利息（如有） | 2025半年度偿还累 计发生额 | 2025半年末占用资 金余额 | 占用形成原因 | 占用性质 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 息） | | | | | | | 控股股东、实际控制人及 | | | | | | | | | | 非经营性占用 | | 其附属企业 | | | | | | | | | | 非经营性占用 | | 小 计 | —— | —— | —— | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | —— | —— | | 前控股股东、实际控制⼈ | | | | | | | | | | 非经营性 ...

证券代码：300338 证券简称：ST 开元 公告编号：2025-052 《2025年半年度报告全文》及《2025年半年度报告摘要》详见公司于同日在 巨潮资讯网（www.cninfo.com.cn）披露的公告。 审议结果：3票赞成、0票反对、0票弃权。 开元教育科技集团股份有限公司 第五届监事会第七次会议决议公告 本公司及监事会全体成员保证公告内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、会议召开情况 开元教育科技集团股份有限公司（以下简称"公司"）第五届监事会第七次 会议于 2025 年 8 月 15 日以微信的方式发出会议通知，会议于 2025 年 8 月 27 日下午 14:00 以通讯表决的方式召开。会议应出席监事 3 名，实际出席监事 3 人。 本次会议由梁大钢先生主持。会议的召开符合《中华人民共和国公司法》和《公 司章程》的有关规定。 二、会议审议情况 1、 审议通过《<2025 年半年度报告>全文及摘要的议案》 经审议，监事会认为：公司《<2025 年半年度报告>全文及摘要》的编制和 审核程序符合相关法律、法规及中国证监会的规定，报告内容真实、准确、完整 地反映了公司的实际情 ...

证券代码：300338 证券简称：ST 开元 公告编号：2025-051 开元教育科技集团股份有限公司 第五届董事会第九次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、会议召开情况 开元教育科技集团股份有限公司（以下简称或"公司"）第五届董事会第九 次会议于2025年8月15日以电子邮件与微信的方式发出会议通知，会议于2025年8 月27日上午10：00以线上通讯表决的方式召开。会议应出席董事7名，实际出席 董事7人，公司监事、高管列席会议，本次会议由董事长赵君先生主持。会议的 召开符合《公司法》和《公司章程》的有关规定。 二、会议审议情况 与会董事经过讨论，以记名投票表决方式审议通过了以下议案： 1、 审议通过《<2025 年半年度报告>全文及摘要》 《2025 年半年度报告全文》及《2025 年半年度报告摘要》详见公司于同日 在巨潮资讯网（www.cninfo.com.cn）披露的公告。 审议结果：7 票赞成、0 票反对、0 票弃权。 本议案已经公司董事会审计委员会审议并取得了全体成员同意。 三、备查文件 1、第五届董事会第九次会议决议； ...

开元教育科技集团股份有限公司 2025 年半年度报告全文 开元教育科技集团股份有限公司 2025 年半年度报告 2025-053 2025 年 08 月 1 开元教育科技集团股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人江勇、主管会计工作负责人董世才及会计机构负责人(会计主 管人员)董世才声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本报告中涉及的公司未来发展规划和经营计划的前瞻性陈述，均不构成公 司对投资者的实质承诺，在此特别提示，敬请投资者及相关人士对此保持足 够的风险认识，并且应当充分理解计划、预测与承诺之间的差异。 公司在本报告第三节管理层讨论与分析中"十、公司面临的风险和应对措 施" 部分描述了公司经营中可能面临的风险及公司应对措施，敬请查阅。 特别风险提示： 1、公司重整存在重大不确定性风险 公司债权人已向长沙市中级人民法院申请对公司进行重整及预重整，长 ...

Market Overview - The education sector experienced a decline of 0.46% on August 28, with ST Dongshi leading the drop [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] Individual Stock Performance - China High-Tech (600730) saw a significant increase of 6.26%, closing at 9.51 with a trading volume of 446,300 shares and a turnover of 414 million yuan [1] - Kede Education (300192) rose by 2.25%, closing at 24.13 with a trading volume of 819,900 shares and a turnover of 192.6 million yuan [1] - ST Dongshi (603377) led the decline with a drop of 5.01%, closing at 3.79 with a trading volume of 344,400 shares and a turnover of 132 million yuan [2] - Xueda Education (000526) fell by 4.36%, closing at 48.97 with a trading volume of 76,300 shares and a turnover of 371 million yuan [2] Capital Flow Analysis - The education sector saw a net outflow of 479 million yuan from institutional investors, while retail investors contributed a net inflow of 350 million yuan [2] - Major stocks like China High-Tech and Xueda Education experienced mixed capital flows, with China High-Tech seeing a net inflow of 17.98 million yuan from institutional investors [3] - ST Dongshi and Kede Education faced significant net outflows from institutional investors, indicating potential concerns among larger investors [3]

Market Overview - The education sector increased by 1.1% on August 26, with ST Dongshi leading the gains [1] - The Shanghai Composite Index closed at 3868.38, down 0.39%, while the Shenzhen Component Index closed at 12473.17, up 0.26% [1] Individual Stock Performance - ST Dongshi (603377) closed at 3.96, up 5.04% with a trading volume of 236,300 shares and a transaction value of approximately 93.59 million yuan [1] - Xueda Education (000526) closed at 53.49, up 3.40% with a trading volume of 44,800 shares and a transaction value of approximately 238 million yuan [1] - Chuangye Education (300688) closed at 36.85, up 2.88% with a trading volume of 221,500 shares and a transaction value of approximately 819 million yuan [1] - Guomai Technology (002093) closed at 13.28, up 2.87% with a trading volume of 831,400 shares and a transaction value of approximately 1.097 billion yuan [1] - Kede Education (300192) closed at 26.32, up 1.58% with a trading volume of 1,385,700 shares and a transaction value of approximately 3.71 billion yuan [1] Capital Flow Analysis - The education sector experienced a net outflow of 531 million yuan from institutional investors, while retail investors saw a net inflow of 417 million yuan [2] - The main capital inflow and outflow for individual stocks showed varied trends, with Guomai Technology receiving a net inflow of approximately 72.95 million yuan from institutional investors [3] - ST Dongshi experienced a net outflow of approximately 8.08 million yuan from institutional investors, despite a net inflow of 4.55 million yuan from speculative funds [3]