两部门最新发文！事关学前教育资金 政策部署下这些标的有望受益(附概念股)

Group 1 - The State Council has issued an opinion to gradually implement free preschool education, starting from the autumn semester, exempting tuition fees for children in the last year of kindergarten, funded by both central and local finances [1] - The Ministry of Finance and the Ministry of Education have revised the funding management measures to support preschool education, ensuring that eligible public kindergartens will not charge tuition fees [1] - The funding for the tuition exemption policy will be shared between central and local governments, with the central government covering 80% for the first tier, 60% for the second tier, and 50% for the third to fifth tiers [1] Group 2 - The implementation of free preschool education is part of a broader fertility support policy aimed at reducing the economic burden on families and promoting a fertility-friendly environment [2] - In 2023, total investment in preschool education reached 538.2 billion yuan, with families bearing approximately 36% of the costs, indicating a high education expenditure burden on households [2] - The proportion of inclusive kindergartens is expected to reach 87.26% in 2024, with a gross enrollment rate of 92%, although disparities remain in rural and low-income areas [2] Group 3 - Companies are also playing a significant role in creating a fertility-friendly society, with over ten companies implementing measures to encourage employee childbirth since 2021 [3] - The recent policy on free preschool education aligns with the government's focus on improving people's livelihoods and expanding the scope of free education [3] - The estimated annual fiscal investment required for the free preschool education policy is around 45 billion yuan, potentially sourced from the rapid growth in central government education spending [3] Group 4 - China Oriental Education has forecasted a 45%-50% year-on-year increase in net profit for the first half of 2025, driven by a 7% increase in new student registrations [4] - New Oriental has maintained a target price of 46 HKD per share, with a projected revenue growth of 10% and 14% for the 2026/2027 fiscal years [4] - China Education Holdings reported a revenue increase of 11.8% to 3.673 billion yuan, attributed to a rise in student numbers, although net profit decreased by 9.7% [5]