佳发教育自研算法通过备案，股东减持计划完成

Core Insights - The company Jiafa Education has successfully passed the national algorithm filing certification for its self-developed "Linggu Text Generation Model Algorithm" and is continuing to iterate on multimodal capabilities to promote autonomy in the education sector [2] - A major shareholder, Tibet Deyuantai Information Technology Co., Ltd., has completed its share reduction plan, decreasing its stake from 6.34% to 4.68%, thus no longer being a major shareholder [3] - The company's stock price has experienced fluctuations, closing at 12.41 yuan per share on February 11, 2026, with a recent decline of 2.05%, a cumulative increase of 2.82% over the last five trading days, but a drop of 14.88% over the past 20 days [4] Product Development Progress - Jiafa Education's self-developed algorithm aims to enhance the education sector's autonomy and control through continuous multimodal iterations [2] Shareholder Activity - The reduction in shareholding by Tibet Deyuantai Information Technology Co., Ltd. indicates a shift in the company's major shareholder landscape [3] Stock Performance - The stock has seen a net outflow of 5.385 million yuan in principal funds, with a turnover rate of 0.93% [4] Financial Performance - For the first three quarters of 2025, the company reported an operating income of 340 million yuan, reflecting a year-on-year growth of 0.44%, while the net profit attributable to shareholders decreased by 3.26% to 48.6183 million yuan [5] - The main business focuses on standardized examination products, accounting for 59.65% of revenue, while smart education products contribute 36.72% [5]