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研报掘金丨信达证券:行动教育“百校计划”扩张顺利,维持“买入”评级
Ge Long Hui A P P·2025-08-13 06:25

Group 1 - The core viewpoint of the article highlights that Xinda Securities' research indicates that Action Education's "100 School Plan" expansion is progressing smoothly, with a potential turnaround in fundamentals [1] - The company plans to open 100 branches in key cities across the country over the next 3 to 5 years, leveraging AI to enhance the selection, training, and support processes for branch managers [1] - From March to July 2025, the company successfully replicated 9 branch managers and formed a core team of 42 members, achieving a cumulative performance of 5.28 million yuan, with the fastest individual achieving sales of 1.62 million yuan within 70 days [1] Group 2 - Despite facing pressure on revenue and cash collections in the first half of 2025 due to a high base in the first half of 2024 and trade frictions, the company expects a positive outlook for the second half of 2025 [1] - The "100 School Plan" is expected to enhance efficiency and effectiveness through AI empowerment [1] - The profit forecast for the parent company is maintained at 301 million yuan, 350 million yuan, and 399 million yuan for the years 2025 to 2027, with the current stock price corresponding to a PE valuation of 15x, 13x, and 11x respectively, maintaining a "buy" rating [1]