Kaiwen Education(002659) Zheng Quan Shi Bao Wang·2025-04-25 01:58Core Viewpoint - Kevin Education has shown significant improvement in its financial performance, achieving profitability in Q1 2025 after a loss in the previous year, driven by a focus on K12, quality education, and vocational training sectors [1][2]. Financial Performance - In 2024, the company reported a revenue of 320 million yuan, a year-on-year increase of 25.92% [1]. - For Q1 2025, the revenue reached 90.67 million yuan, reflecting a year-on-year growth of 17.68% [1]. - The net profit attributable to shareholders for Q1 2025 was 468,400 yuan, marking a significant turnaround with a year-on-year increase of 113.24% [2]. Business Strategy - The company leverages its state-owned background to enhance its social influence and business expansion capabilities, integrating regional educational resources effectively [3]. - As the only education-related publicly listed company under the Haidian District State-owned Assets Supervision and Administration Commission, Kevin Education is focused on both basic education services and expanding into vocational education [3]. Vocational Education Development - The vocational education team consists of industry experts and experienced teachers, providing a strong foundation for talent training and course development [4]. - The subsidiary, Haike Vocational Education, has established partnerships with leading companies like Xiaomi, Baidu, Tencent, and Huawei, facilitating resource integration for talent cultivation [4]. Operational Experience and Service Enhancement - Since entering the education sector in 2015, the company has successfully established two Kevin schools, demonstrating excellence in planning and operational management [5]. - The schools have gained high social recognition due to their outstanding graduation results and top-notch facilities, which support the expansion of vocational education and light asset educational services [5]. Focus on Quality Education - The company has invested in top-tier quality education resources, creating a comprehensive quality education system that includes arts, music, and sports [6]. - Future plans include expanding unique course offerings to reach a broader audience and tapping into the potential of quality education training [6]. - Kevin Education is actively assessing the impact of new educational policies and technological advancements on the industry, aiming to enhance its K12 operations and vocational education scale while promoting talent training for various sectors [6].