科德教育：参股中昊芯英下半年预计为公司提供一定投资收益

Group 1: Company Overview - Zhonghao Xinying, an AI "quasi-unicorn" company, is attracting significant market attention due to its potential acquisition of an A-share company, leading to a surge in the stock price of Tianpu Co., which has recently experienced consecutive trading halts due to price increases [1] - Kede Education, an A-share education company, is also under investor scrutiny due to its investment in Zhonghao Xinying, holding a 5.53% stake [1][3] Group 2: Financial Performance - In the first half of 2025, Kede Education reported an operating income of approximately 366 million yuan, a slight decrease compared to the previous year, and a net profit attributable to shareholders of 53.28 million yuan, down 15.16% year-on-year [2] - The investment loss from Zhonghao Xinying, amounting to 8.92 million yuan, significantly impacted Kede Education's half-year profit, contributing to the overall decline in net profit [2][3] Group 3: Business Segments - Kede Education's ink business is influenced by seasonal fluctuations, with a reported revenue of 183 million yuan in Q1 2025, which slightly decreased due to early Spring Festival sales [2] - The company remains optimistic about the ink industry, citing structural growth in high-end printing markets despite challenges in traditional publishing due to digitalization [3] - In the education sector, Kede Education notes increasing competition and a shift in parental preferences towards vocational education for middle-performing students, indicating a changing landscape in the education market [4]