Group 1 - The company, Century Tianhong, held its 12th board meeting on September 26, 2025, to review the proposal for amending the "Board Secretary Work Guidelines" [1] - For the first half of 2025, the revenue composition of Century Tianhong was as follows: 86.37% from educational auxiliary books, 7.86% from planning service fees, 3.11% from sales of cultural and educational products, 1.31% from other businesses, and 1.01% from consulting services [1] - As of the report date, Century Tianhong's market capitalization was 3.6 billion yuan [1] Group 2 - The insurance industry is experiencing significant growth, with new insurance products seeing a 33-fold increase over five years, attracting over 30 insurance companies to enter the market [1]

Core Viewpoint - Century Tianhong announced a change in the equity structure, corporate type, and business scope of its controlling shareholder, Xinjiang Zhihong Education Investment (Group) Co., Ltd. [1] Group 1 - The announcement was made on the evening of September 19 [1] - The relevant industrial and commercial change registration procedures have been completed [1]

世纪天鸿教育科技股份有限公司公告，其控股股东新疆志鸿教育投资（集团）有限公司股权结构等发生 变更并完成工商登记。吕宝贵女士将所持志鸿教育34.0909%股权（认缴出资1500万元）转让给任志鸿 先生，变更后任志鸿持股100%（认缴出资4400万元），二人系母子关系。此次变更后，志鸿教育及其 一致行动人合计持股公司比例未变，公司控股股东仍为志鸿教育，实控人仍为任志鸿，不影响公司治 理、经营及独立性，未损害股东利益。此外，志鸿教育企业类型变为自然人独资，经营范围更新。 ...

二、本次控股股东股权结构变更前后公司控制关系情况 （一）本次股权结构变更前，公司与控股股东及其一致行动人之间的控制关 系如下图所示： 证券代码：300654 证券简称：世纪天鸿 公告编号：2025-048 世纪天鸿教育科技股份有限公司 关于控股股东股权结构变更暨完成工商变更登记的公告 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。 世纪天鸿教育科技股份有限公司（以下简称"公司"）近日接到控股股东新疆 志鸿教育投资（集团）有限公司（以下简称"志鸿教育"）的通知，获悉志鸿教育的 股权结构、企业类型及经营范围发生变更，并办理完成了相关工商变更登记手续。 现将有关情况公告如下： 一、本次控股股东股权结构变更情况 志鸿教育原自然人股东吕宝贵女士与任志鸿先生签署了《股权转让协议》，吕 宝贵女士将其所持有的志鸿教育 34.0909%的股权转让给任志鸿先生，并办理完成 了工商变更登记手续。本次变更后，吕宝贵女士不再持有志鸿教育股权，任志鸿 先生持有志鸿教育 100%的股权。志鸿教育本次股权结构变更情况如下： | 股东名称 | 本次变更前 | | 本次变更后 | | | --- ...

Core Viewpoint - The publishing sector experienced a decline of 1.2% on September 15, with major stocks like Guomai Culture leading the drop, while the Shanghai Composite Index fell by 0.26% and the Shenzhen Component Index rose by 0.63% [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 3860.5, down 0.26% [1]. - The Shenzhen Component Index closed at 13005.77, up 0.63% [1]. - The publishing sector saw a net outflow of 462 million yuan from major funds, while retail investors contributed a net inflow of 407 million yuan [3]. Group 2: Individual Stock Performance - Tianzhou Culture (300148) closed at 5.03, with an increase of 1.21% and a trading volume of 513,100 shares [1]. - Rongxin Culture (301231) closed at 24.81, up 0.53% with a trading volume of 27,400 shares [1]. - Zhongwen Media (600373) remained unchanged at 10.22, with a trading volume of 156,000 shares [1]. - Other notable stocks include China Publishing (600373) at 7.12 (0.00%), New Classics (603096) at 18.15 (-0.27%), and Shiji Tianhong (300654) at 10.21 (-0.29%) [1].

世纪天鸿公告，控股股东志鸿教育将其所持有的公司2120万股质押，占其所持股份比例12.40%，占公 司总股本比例5.79%，质押用途为融资。质押起始日为2025年9月9日和2025年9月10日，质权人为国金 证券股份有限公司和中信建投证券股份有限公司。同时，志鸿教育还解除质押1520万公司股份，占其所 持股份比例8.89%，占公司总股本比例4.15%，起始日期为2025年2月17日，解除日期为2025年9月11 日，质权人为国金证券股份有限公司。 ...

注：本次质押股份不存在负担重大资产重组等业绩补偿义务。 二、股东股份解除质押的基本情况 | | 是否为控 | | 占其所 | 占公司 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 股股东或 | 本次解除质 | 持股份 | 总股本 | | | | | 股东名称 | 第一大股 | 押股份数量 | | | 起始日期 | 解除日期 | 质权人 | | | | | 比例 | 比例 | | | | | | 东及其一 | （股） | （%） | （%） | | | | | | 致行动人 | | | | | | | | | | | | | | | 国金证券 | | --- | --- | --- | --- | --- | --- | --- | --- | | 志鸿教育 | 控股股东 | 15,200,000 | 8.89 | 4.15 | 2025-02-17 | 2025-09-11 | 股份有限 | | | | | | | | | 公司 | 世纪天鸿教育科技股份有限公司 关于控股股东部分股份质押及解除质押的公告 本公司及董事会全体成员保证信 ...

Group 1 - The company, Century Tianhong (300654), reported that as of September 10, 2025, the latest number of shareholders is 30,297 [1]

Market Overview - On September 11, the publishing sector rose by 0.48%, with Longban Media leading the gains [1] - The Shanghai Composite Index closed at 3875.31, up 1.65%, while the Shenzhen Component Index closed at 12979.89, up 3.36% [1] Individual Stock Performance - Longban Media (605577) closed at 14.90, up 5.30% with a trading volume of 169,300 shares and a turnover of 248 million yuan [1] - Guomai Culture (301052) closed at 79.37, up 3.60% with a trading volume of 49,300 shares and a turnover of 380 million yuan [1] - Inner Mongolia Xinhua (603230) closed at 12.97, up 2.13% with a trading volume of 60,800 shares and a turnover of 7.75 million yuan [1] - China Science Publishing (601858) closed at 21.37, up 0.85% with a trading volume of 77,300 shares and a turnover of 163 million yuan [1] - Other notable stocks include Phoenix Media (601928) and Chinese Online (300364), with respective turnovers of 183 million yuan and 2.23 billion yuan [1] Capital Flow Analysis - The publishing sector experienced a net outflow of 431 million yuan from institutional investors, while retail investors saw a net inflow of 433 million yuan [2] - The data indicates that retail investors are actively participating in the market despite the overall net outflow from institutional funds [2] Detailed Capital Flow for Selected Stocks - Longban Media had a net inflow of 17.24 million yuan from institutional investors, while retail investors had a net outflow of 23.03 million yuan [3] - Chinese Media (600373) saw a net inflow of 16.56 million yuan from institutional investors, with retail investors also experiencing a net outflow [3] - Other stocks like Changjiang Media (600757) and Tianzhou Culture (300148) showed mixed capital flows, with institutional inflows and retail outflows [3]

世纪天鸿 20250908 摘要 世纪天鸿加大营销渠道建设和 AI 产品开发投入，预期未来将在业务和利 润上有所体现，尤其是在 AI 教育领域，公司凭借高质量内容和对校内场 景的深刻理解具备显著优势。 小红助教最新版本新增核心素养教案生成、AI 出题、自建 AI 智能体和个 人知识库三大功能，已在部分地区学校及教育局进行商业化试点，每个 账号年费约 600 元，目前免费注册用户超 24 万，累计批改作文超 100 万篇。 小红系列产品包括小红助教（教师端）、小红助学（学生端）和小红助 育（家长端），通过教师端需求延伸至学生端和家长端，并投资笔神作 文项目，丰富 AI 教育生态系统。 小红助教通过精准课内内容编辑、AI 出题、智能体创建和知识库上传等 核心功能提升教学效果，AI 出题功能通过向量化处理语料，实现个性化 定制和高准确度，区别于传统题库。 小红助教定位为面向学校的 to B SaaS 产品，重点拓展北京、天津、山 东和江苏市场，商业化模式包括标准化 SaaS 和非标项目落地，并采用 知识库工具解决大模型幻觉问题。 Q&A 今年（2025 年）中期业绩情况如何？ 今年（2025 年）中期业绩与往年相比 ...