关于公司 2026 年度日常关联交易额度预计的公告 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。 一、日常关联交易基本情况 （一）日常关联交易概述 2025年12月25日，世纪天鸿教育科技股份有限公司（以下简称"公司"）召 开第四届董事会第十四次会议，审议通过了《关于公司2026年度日常关联交易额 度预计的议案》，关联董事任志鸿、任伦、张学军对本议案回避表决。该事项已 经独立董事专门会议审议通过。 证券代码：300654 证券简称：世纪天鸿 公告编号：2025-063 世纪天鸿教育科技股份有限公司 根据公司业务发展及日常经营的需要进行合理估计，预计公司及合并报表范 围内子公司2026年拟与关联方发生日常关联交易总金额190万元。 根据《深圳证券交易所创业板股票上市规则（2025年修订）》《公司章程》 等相关规定，本事项在董事会审议权限范围内，无需提交股东会审议。 （二）预计2026年日常关联交易类别及金额 单位：万元 | 关联交易 | 类别 | 关联人 | 关联交易内容 | 关联交易 定价原则 | 2026 | 年预计 额度 | 2025 年 1-11 月发 ...

Group 1 - The core viewpoint of the article indicates that Century Tianhong's short-term performance is under pressure, but the AI + education new business model is continuously advancing [1] - The industry is facing short-term challenges that affect performance, but the main business still has structural support in the medium term [1] - The company is actively promoting the AI + education new business model, with "scarce corpus" expected to open new growth opportunities [1] Group 2 - According to predictions, the "AI + education" market in China is expected to exceed 70 billion yuan by 2025 and reach 300 billion yuan by 2030 [1] - The company possesses a complete closed-loop advantage from AI product pilot verification, iterative optimization to scene implementation [1] - AI + education has been established as the second growth curve for the company, with a product matrix including Xiao Hong Assistant, composition correction, and mental arithmetic correction planned around teaching and homework scenarios [1] Group 3 - The company's shareholder reduction has been completed, clearing short-term disruptive factors [1] - Based on the closing price on December 19, the company corresponds to price-to-earnings ratios of 75, 70, and 66 times [1] - The initial coverage gives a "buy" rating for the company [1]

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [1]. Core Insights - The company is experiencing short-term pressure on its performance, with a focus on advancing AI and education new business models [4]. - The third quarter of 2025 saw a slight revenue increase of 0.33% year-on-year, but overall revenue for the first three quarters decreased by 1.73% [4][5]. - The company is well-positioned in the K12 education sector, particularly in high school-related products, benefiting from a structural growth in the high school population [5]. - The "Double Reduction" policy continues to support the demand for standardized and systematic educational resources, with the company's well-known brand "Zhihong Optimization" leading in the supplementary education market [5]. - The AI+ education market is projected to exceed 70 billion yuan in 2025, with the company establishing AI+ education as a second growth curve [6]. Financial Performance - For the first three quarters of 2025, the company reported a comprehensive gross margin of 35.89%, a decrease of 1.05 percentage points year-on-year [7]. - The company expects revenues of 568 million yuan in 2025, with a projected net profit of 46.37 million yuan, corresponding to an EPS of 0.13 yuan [9][11]. - The company’s financial metrics indicate a steady growth trajectory, with expected revenue growth rates of 7.06% in 2025 and 9.29% in 2026 [11][12].

每经AI快讯，有投资者在投资者互动平台提问：公司参股的无人驾驶公司现在进程如何了？ 世纪天鸿（300654.SZ）12月17日在投资者互动平台表示，公司或公司参股公司未涉足该领域。 （文章来源：每日经济新闻） ...

Market Overview - The publishing sector increased by 0.33% on December 17, with ST Huawen leading the gains [1] - The Shanghai Composite Index closed at 3870.28, up 1.19%, while the Shenzhen Component Index closed at 13224.51, up 2.4% [1] Stock Performance - ST Huawen (000793) closed at 2.81, rising by 2.93% with a trading volume of 193,300 shares and a turnover of 53.79 million yuan [1] - Zhongwen Online (300364) closed at 23.55, up 2.79% with a trading volume of 216,700 shares and a turnover of 504 million yuan [1] - Guomai Culture (301052) closed at 37.44, increasing by 1.46% with a trading volume of 30,600 shares and a turnover of 113 million yuan [1] - Other notable stocks include CITIC Publishing (300788) at 27.45 (+1.37%) and Longban Media (605577) at 12.57 (+1.29%) [1] Capital Flow - The publishing sector experienced a net outflow of 4.24 million yuan from institutional investors, while retail investors saw a net inflow of 40.37 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Capital Flow - Zhongwen Online (300364) had a net outflow of 30.14 million yuan from institutional investors, while retail investors saw a net outflow of 21.58 million yuan [3] - Guangdong Media (002181) experienced a net inflow of 12.43 million yuan from institutional investors, but a net outflow of 3.55 million yuan from retail investors [3] - Central Plains Media (000719) had a net inflow of 11.13 million yuan from institutional investors, indicating strong interest [3]

Group 1 - The core point of the article is that Century Tianhong (300654) reported its latest shareholder count as of December 10, 2025, which stands at 28,369 households [1]

Core Viewpoint - The publishing sector experienced a decline of 2.09% on December 5, with significant losses led by Times Publishing, while the overall Shanghai Composite Index rose by 0.7% and the Shenzhen Component Index increased by 1.08% [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3902.81, up 0.7% [1] - The Shenzhen Component Index closed at 13147.68, up 1.08% [1] - Times Publishing's stock closed at 8.41, down 1.29% [2] Group 2: Individual Stock Performance - Notable gainers in the publishing sector included: - Reader Culture: closed at 10.73, up 1.32% with a trading volume of 205,700 shares and a turnover of 220 million [1] - New Classics: closed at 18.02, up 1.24% with a trading volume of 20,800 shares and a turnover of 37.12 million [1] - Chinese Online: closed at 25.12, up 1.17% with a trading volume of 269,500 shares and a turnover of 670 million [1] - Other stocks in the sector showed mixed performance, with some experiencing slight declines [2] Group 3: Capital Flow - The publishing sector saw a net outflow of 41.45 million from institutional investors and 36.30 million from retail investors, while retail investors had a net inflow of 77.75 million [2] - Key stocks with significant capital flow included: - Chinese Online: net inflow of 26.92 million from institutional investors, but a net outflow of 25.39 million from retail investors [3] - Chinese Media: net inflow of 21.79 million from institutional investors, with a net outflow of 13.37 million from retail investors [3] - Times Publishing: net inflow of 7.87 million from institutional investors, but a net outflow of 5.68 million from retail investors [3]

Core Viewpoint - The controlling shareholder of Century Tianhong, Xinjiang Zhihong Education Investment (Group) Co., Ltd., has completed its share reduction plan, selling a total of 10,971,493 shares, which accounts for 3.00% of the company's total share capital [1][2] Group 1 - The share reduction took place from November 3, 2025, to December 2, 2025, through both centralized bidding and block trading methods [1] - During the period from November 25 to December 2, 2025, 3,653,193 shares were sold at an average price of 11.14 yuan per share [1] - From November 3 to December 1, 2025, 7,318,300 shares were sold through block trading at an average price of 10.81 yuan per share, resulting in a total reduction amount of 120 million yuan [1] Group 2 - The company confirmed that the share reduction was disclosed in advance and that the implementation of the plan aligns with previous intentions and commitments [2] - The completion of the share reduction plan will not lead to any changes in the company's control or governance structure, nor will it affect the company's ongoing operations [2]

格隆汇12月3日丨世纪天鸿(300654.SZ)公布，近日，公司收到志鸿教育出具的《股份减持计划实施完毕 的告知函》，截至本公告披露日，志鸿教育本次股份减持计划期限已届满，本次减持计划已实施完毕。 志鸿教育于2025年11月3日至2025年12月2日通过集中竞价和大宗交易方式合计减持公司股份10,971,493 股，占公司总股本比例3.00%。 ...

控股股东新疆志鸿教育投资（集团）有限公司及其一致行动人任伦先生、任 志成先生保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 证券代码：300654 证券简称：世纪天鸿 公告编号：2025-062 世纪天鸿教育科技股份有限公司 关于控股股东股份减持计划实施完毕的公告 2、股东本次减持前后持股情况 世纪天鸿教育科技股份有限公司（以下简称"公司"）于 2025 年 8 月 14 日 披露了《关于公司控股股东减持股份预披露公告》（公告编号：2025-041），持有 公司股份 171,031,555 股（占公司总股本比例 46.71%）的公司控股股东新疆志鸿 教育投资（集团）有限公司（以下简称"志鸿教育"），计划自公告披露之日起 15 个交易日后的 3 个月内以集中竞价和/或大宗交易方式减持公司股份不超过 10,983,745 股，占公司总股本的比例不超过 3%。具体内容详见公司在指定信息 披露网站巨潮资讯网（www.cninfo.com.cn）披露的相关公告。 2025 年 11 月 4 日，公司披露了《关于控股股 ...