Core Viewpoint - The public examination training industry is experiencing intense competition and price wars, leading to potential market reshaping and challenges in optimizing business models [5][10][18]. Group 1: Market Dynamics - The number of candidates for the national civil service examination has surged from 1.576 million in 2021 to 3.718 million in 2026, surpassing the number of candidates for graduate examinations [6][10]. - The public examination training sector is expected to have a golden period of at least 10 years, driven by a growing number of college graduates [6][10]. - The introduction of ultra-low-cost training programs, such as an 18-day free course, has disrupted the market, leading to concerns about sustainability for participating companies [5][9]. Group 2: Competitive Landscape - Smaller training institutions are gaining an advantage by being closer to students in lower-tier cities, allowing them to reach users more effectively [7]. - The traditional barriers in the industry are weakening, with many teachers from larger institutions moving to smaller ones due to challenges faced by major players like Zhonggong Education [6][8]. - Price wars are intensifying, with smaller institutions offering courses at significantly lower prices than established competitors, raising concerns about long-term viability [10][12]. Group 3: Technological Integration - Major players in the industry are increasingly adopting AI technologies to enhance their offerings and improve operational efficiency [11][12]. - AI applications are being utilized to optimize training processes, such as automated grading and personalized feedback, which can significantly reduce the workload for teachers [12][13]. - The collaboration between leading companies like Huatu and Fenbi aims to integrate resources and enhance product offerings, indicating a shift towards more diversified and technology-driven solutions [15][16]. Group 4: Future Opportunities - The industry is exploring new markets, particularly in employment services, which could provide additional value to existing users and address the low pass rates of public examinations [18]. - The development of AI-driven products for workplace skills, such as writing and communication, presents a new avenue for growth and market expansion [18].