Group 1 - The core viewpoint of the report is that Tianli International Holdings (01773) is expected to achieve a profit growth of 17% year-on-year in the fiscal year 2025, driven by a solid core education service business and the introduction of AI education products [1][2] - The company anticipates a revenue of 3.6 billion yuan, representing an 8% increase, and a net profit of 650 million yuan, reflecting a 17% increase, primarily due to the growth in the number of clients for comprehensive education services [1][2] - The company has maintained a high standard of educational quality, with a college entrance examination (Gaokao) undergraduate rate of approximately 90% and a first-tier undergraduate rate of about 58% for mature schools [2] Group 2 - The company has been diversifying its business since 2022, including management services for external educational institutions and various educational programs, with the number of managed schools increasing from 10 to 18 [3] - The AI education product matrix includes several offerings such as AI sprint camps and AI classrooms, with 81% of students in the sprint camp achieving score improvements in their final exams, averaging an increase of 48 points [3] - The company has successfully attracted students from families with payment capabilities, as evidenced by the admission of students to prestigious universities like Peking University and Tsinghua University [3]