教育行业周报：国务院关于实施就业优先战略促进高质量充分就业的意见，推荐中国东方教育

Investment Rating - The industry rating is neutral [3] Core Insights - The report highlights the implementation of the employment-first strategy by the State Council, emphasizing the development of vocational and technical education, which is expected to benefit companies like China Oriental Education [2][8] - China Oriental Education is recommended due to its strong employment outcomes and ability to adapt its programs to market needs, with a potential extension of its program duration to six years upon obtaining a technician college license [2][8] - The report notes that the stock price adjustment of China Oriental Education was primarily due to a decline in new enrollments despite exceeding profit expectations, but cost control measures are showing positive trends [2][8] Summary by Sections Weekly Insights - The report discusses the recent policy from the Central Committee regarding the promotion of high-quality employment through vocational education, which includes the establishment of vocational education alliances and the selection of quality vocational schools [2][8] - It continues to recommend China Oriental Education as a key beneficiary of these policies, citing its ability to respond to market changes and its recovery in core business enrollment [2][8] Market Review - The report indicates that CITIC Education rose by 15.73%, outperforming the Shanghai Composite Index, which increased by 12.81% [10] - Year-to-date, CITIC Education has decreased by 24.35%, while the Shanghai Composite Index has increased by 3.78% [10] Company News - Transcend Education announced a share purchase agreement to acquire 51% of FIS Holdings Pte. Ltd. for 15.3 million Singapore dollars, which includes two subsidiaries focused on international education [2][8] - Kevin Education reported a share transfer agreement where a major shareholder transferred 14.84% of its shares at a price of 3.69 yuan per share [2][8] Investment Recommendations - The report recommends China Oriental Education as a turnaround opportunity in vocational education [9] - It suggests that K12 education and degree education are relatively stable investment directions, with continued growth in summer enrollment [9] - Other recommended companies include Xueda Education, Kede Education, and Sikaole Education, among others [9]