Group 1 - The research service "Asia Value & Moat Stocks" targets value investors looking for Asia-listed stocks with significant discrepancies between price and intrinsic value, focusing on deep value balance sheet bargains and wide moat stocks [1] - The service emphasizes investment opportunities in the Hong Kong market, identifying deep value balance sheet bargains and high-quality businesses with strong competitive advantages [1] - Monthly updates and watch lists are provided to members, highlighting potential investment opportunities in the region [1]

金十图示：2025年04月21日（周一）中国科技互联网公司市值排名TOP 50一览 | 42 | | 万国数据 | 41.74 | | | --- | --- | --- | --- | --- | | 43 | | 岩山科技 | 41.16 | 2 | | 44 | | 中国民航信息网络 | 40.86 | | | 45 | INESA | 云赛智联 | 40.14 | 1 | | 46 | | 新大陆 | 38.94 | 1 ( | | 47 | | 网宿科技 | 36.88 | 11 | | 48 | | 广联达 | 34.97 | 2 1 | | 49 | | 巨人网络 | 34.91 | 2 | | 50 | | 光环新网 | 34.28 | -1 | 每日根据市值计算出前50名公司,美元港元按照当日汇率中间价折算 @ JIN10.COM 金十数据 | 一个交易工具 | 8 | | 京东 | 504.58 | | | --- | --- | --- | --- | --- | | 9 | | 中芯国际 | 473.13 | | | 10 | | 目度 | 283.92 | 1 t | | 11 | ...

资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。权重因子每月调整一次，调整实施时间为每月第二个星期五的下一交易日。特殊情况下将对指 数进行临时调整。当样本退市时，将其从指数样本中剔除。样本公司发生收购、合并、分拆等情形的处 理，参照计算与维护细则处理。 从指数持仓来看，中证全球中国教育主题指数十大权重分别为：好未来（16.41%）、新东方-S （11.74%）、中公教育（8.5%）、拓维信息（7.33%）、科大讯飞（4.91%）、视源股份（4.87%）、优 必选（4.78%）、新开普（3.89%）、豆神教育（3.85%）、国脉科技（3.03%）。 从中证全球中国教育主题指数持仓的市场板块来看，深圳证券交易所占比54.67%、香港证券交易所占 比23.25%、纽约证券交易所占比18.13%、上海证券交易所占比3.95%。 从中证全球中国教育主题指数持仓样本的行业来看，可选消费占比53.37%、信息技术占比35.91%、通 信服务占比4.90%、工业占比3.96%、原材料占比1.86%。 金融界4月11日消息，上证指数低开高走，中证全球中国教育主题指数 (中国 ...

UNIO.COM UNIO.COM IN 10.COM @ JIN10.COM 金十数据 | 一个交易工具 金十图示：2025年04月08日（周二）热门中概股行情一览（美股盘中） 71.94亿市值 69.52亿市值 66.88亿市值 3.23 42.51 13.04 -0.36(-2.72%) -0.13(-3.87%) -0.07(-0.16%) tal 好未来 61.59亿市值 哔哩哔哩 ) 可富科技 的品 64.03亿市值 52.01亿市值 15.36 10.17 37.07 -0.27(-1.70%) -0.77(-7.04%) +0.99(+2.74%) 再鼎医药 金山云 SOS 名创优品 zai. 46.11亿市值 30.52亿市值 29.75亿市值 14.74 12.10 27.71 -1.08(-6.85%) -1.09(-3.80%) -0.47(-3.74%) 陆金所控股 雾芯科技 == ttp://www. RELX 23.27亿市值 21.45亿市值 29.50亿市值 2.48 1.83 24.62 -0.18(-0.73%) +0.02(+1.10%) -0.01(-0.20%) i ...

Core Viewpoint - TAL Education Group will release its unaudited financial results for the fourth quarter and fiscal year 2025 on April 24, 2025, before market opens [1] Group 1: Financial Results Announcement - The financial results will cover the period ended February 28, 2025 [1] - A conference call and live webcast will be held on April 24, 2025, at 8:00 a.m. U.S. Eastern Time [1] Group 2: Conference Call Participation - Participants need to pre-register for the conference call via a provided link [2] - Upon registration, participants will receive dial-in numbers and a unique passcode for access [2] Group 3: Webcast Availability - A live and archived webcast of the conference call will be available on the Investor Relations section of TAL's website [3] Group 4: Company Overview - TAL Education Group is a smart learning solutions provider in China, aiming to promote top learning opportunities through high-quality teaching and technology [4] - The company offers comprehensive learning solutions for students of all ages, covering enrichment programs and academic subjects [4]

Investment Rating - The report maintains a "Buy" rating for the company with a target price expected to yield over 20% relative return within the next six months [5][11]. Core Insights - The introduction of the "随时问" APP, which integrates DeepSeek's R1 intelligent reasoning, aims to revolutionize the educational landscape by providing a Socratic-style learning experience for students [1][4]. - The combination of DeepSeek's advanced AI capabilities with the company's extensive educational resources is expected to enhance personalized learning and tutoring services significantly [2][3]. - The report highlights three key technological advancements of the "随时问" APP: over 250 million minutes of self-developed instructional videos, high-accuracy "九章识题" technology for problem recognition, and intelligent adaptive answering capabilities [2][3]. Industry Perspective - The integration of AI tools like DeepSeek is seen as a crucial step for educational companies to enhance customer acquisition, service, and engagement, potentially leading to rapid market penetration [5][10]. - The report suggests that the current educational landscape is conducive to restructuring, with reduced competition among leading firms and opportunities for significant market share growth [10]. - The free access to the "随时问" APP is viewed as a strategic move for low-cost customer acquisition and data accumulation, which is vital for long-term growth [10]. Financial Projections - The company is projected to achieve revenues of $2.4 billion, $3.8 billion, and $6.1 billion for FY25, FY26, and FY27 respectively, with corresponding Non-GAAP net profits of $210 million, $320 million, and $480 million [11]. - The expected earnings per share (EPS) are forecasted to be $0.30, $0.50, and $0.80 for the same fiscal years, with price-to-earnings (PE) ratios of 42x, 28x, and 18x [11].

Investment Rating - The report maintains a "Buy" rating for the company with a target price expected to yield over 20% relative return within the next six months [5][11]. Core Insights - The introduction of the "随时问" APP, which integrates DeepSeek's R1 intelligent reasoning, aims to revolutionize the educational landscape by providing a Socratic-style learning experience for students [1][4]. - The APP features three major technological advancements: over 250 million minutes of self-developed instructional videos, high-accuracy "九章识题" technology for question recognition, and intelligent adaptive answering capabilities [2][3]. - The long-term impact of DeepSeek's deep reasoning models is expected to transform human learning methods, emphasizing the importance of asking quality questions in the AI-driven educational environment [4][10]. Summary by Sections Product Development - The "随时问" APP is designed to offer free access to advanced educational tools, enhancing user engagement and data accumulation for the company [1][10]. - The APP's integration with DeepSeek allows for personalized AI tutoring, which is expected to significantly improve the learning experience for middle and primary school students [2][3]. Market Positioning - The report highlights the potential for online education to expand beyond traditional physical boundaries, suggesting that leading companies can capture a larger market share through innovative digital solutions [9][10]. - The current free offering of the APP is seen as a strategic move to lower customer acquisition costs and build a substantial user base [10]. Financial Projections - The company is projected to achieve revenues of $2.4 billion, $3.8 billion, and $6.1 billion for FY25, FY26, and FY27 respectively, with corresponding Non-GAAP net profits of $210 million, $320 million, and $480 million [11].

Investment Rating - The report assigns a "Buy" rating to the company with a target price of $17.50, indicating a potential upside of 24.80% from the current price [2][5]. Core Insights - The company has demonstrated better-than-expected performance, particularly in its smart learning machine business, which is experiencing rapid growth [5]. - The company reported a revenue of $606 million for the third quarter of FY25, representing a year-on-year increase of 62.4%, surpassing market expectations of 39% [5]. - The smart learning machine sales reached $1.6 billion in FY25Q3, marking an 88% year-on-year growth, with a sales volume of 356,000 units, up 65% [5]. - The company is expanding its offline educational training points, with an estimated 430-450 locations, maintaining strong retention and utilization rates [5]. Financial Summary - Total revenue for FY24 is projected at $1.49 billion, a 46.15% increase from the previous year, with a forecast of $2.19 billion for FY25 [3][5]. - Non-GAAP net profit is expected to turn positive in FY25, reaching $128.7 million, with further growth to $250.5 million in FY26 and $350.6 million in FY27 [3][5]. - The company maintains a strong cash position with $3.8 billion in cash and short-term investments, and no bank debt [5]. Business Growth - The company is focusing on enhancing its educational resources and management capabilities, particularly in the smart learning machine sector, which is expected to continue its rapid development [5]. - The introduction of the Xbook smart learning machine has received positive feedback from parents and is positioned to disrupt traditional learning machine manufacturers [5].

Group 1 - TAL Education Group (TAL) has reached a significant support level and is considered a good pick for investors from a technical perspective due to a "golden cross" formation [1] - The golden cross is characterized by the 50-day simple moving average breaking above the 200-day moving average, indicating a potential bullish breakout [1] - TAL has experienced a rally of 34% over the past four weeks, suggesting a strong upward momentum [3] Group 2 - The golden cross consists of three key stages: a downtrend that bottoms out, a crossover of the shorter moving average above the longer moving average, and a subsequent upward price movement [2] - The current Zacks Rank for TAL is 3 (Hold), indicating a potential for breakout given the positive earnings outlook for the current quarter [3] - No earnings estimates for TAL have decreased in the past two months, with one revision higher, and the Zacks Consensus Estimate has also increased [3] Group 3 - Investors are encouraged to consider adding TAL to their watchlist due to the important technical indicator and the positive movement in earnings estimates [4]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Insights - The company has shown strong revenue growth, with FY2025 Q3 net revenue reaching $606 million, a year-on-year increase of 62.4%. The focus on non-academic training has driven this growth, alongside the introduction of new smart hardware products that have received positive market feedback [5][6]. - The company is actively expanding its business, with sales expenses increasing by 85.6% to $226.4 million in FY2025 Q3, reflecting a sales expense ratio of 37.3%. Management expenses have seen a slight increase of 0.8% to $111.5 million, indicating improved operational leverage as revenue scales up [8][11]. - The company maintains a strong cash flow position, with operating cash flow of $378 million in FY2025 Q3 and cash reserves of approximately $3.836 billion, which supports future growth initiatives [11][12]. - The company is expected to continue its high growth trajectory, with projected revenues of $2.284 billion and $3.084 billion for FY2025 and FY2026, respectively, representing year-on-year growth rates of 53.3% and 35.0% [13]. Financial Summary - For FY2024, the company reported revenues of $1.49 billion, with a projected increase to $2.284 billion in FY2025 and $3.084 billion in FY2026, reflecting growth rates of 46.2%, 53.3%, and 35.0% respectively [4]. - Non-GAAP net profit is projected to grow from $85.3 million in FY2024 to $214.8 million in FY2025 and $312.9 million in FY2026, with respective growth rates of 151.7% and 45.7% [4]. - The gross margin is expected to remain stable around 54%, with Non-GAAP net profit margin improving from 5.7% in FY2024 to 10.1% in FY2026 [4].