突发终止！300192，控制权转让告吹

Group 1 - The core point of the article is that Suzhou Kede Education Technology Co., Ltd. has terminated the share transfer agreement with Zhongjing Hedao, which was intended to transfer control of the company at a price of 14.72 yuan per share, totaling 1.142 billion yuan for 23.57% of the shares [1][3] - The company had previously announced the intention to transfer control to Zhongjing Hedao, which was seen as a strategic move during a critical period of transformation in vocational education [3] - The termination of the agreement means that the current control remains with the existing major shareholder, Wu Xianliang, which may impact the company's ability to attract external strategic investors [3][4] Group 2 - Kede Education has a dual business model, having transitioned from an ink chemical company to the vocational education sector in 2017, with 2024 revenue reported at 795 million yuan and a gross margin of 46.28% for the education business, significantly higher than the 22.27% margin for the ink business [3] - In Q1 2025, the company experienced a year-on-year decline in revenue and net profit by 2.27% and 6.80%, respectively, primarily due to seasonal fluctuations in the ink business [3] - The vocational education sector is facing challenges from the influx of K12 transformation institutions and the upgrading of corporate training demands, which may pressure Kede Education's growth [4] Group 3 - The company is exploring the application of AI technology in teaching, and as technologies like AI and virtual reality penetrate training, companies with a dual focus on "education + technology" will gain competitive advantages [4] - There is a growing demand for skills training in areas such as industrial internet, new energy vehicle maintenance, and digital media technology, which Kede Education needs to address by focusing on high-skill training in manufacturing and enhancing its smart teaching product development [4] - The company is advised to optimize its financing structure to alleviate funding pressures through the introduction of industrial capital and issuance of special bonds [4][5] Group 4 - As of June 20, the company's stock price closed at 13.79 yuan per share, down 1.5%, with a total market capitalization of 4.539 billion yuan [6]