传媒行业快报：政策将持续引导行业健康发展

Investment Rating - The report maintains an investment rating of "Leading the Market" for the industry, indicating an expected investment return exceeding 10% compared to the CSI 300 index over the next six months [1]. Core Insights - Recent policy developments, including the Beijing Municipal Education Commission's draft regulations on private education, are expected to continue guiding the healthy development of the industry [1]. - The education sector is undergoing adjustments, with K12 education moving towards classified management and a focus on reducing burdens while enhancing quality [1]. - The regulatory framework for the industry is becoming more complete, promoting standardized development in K12 education and digital upgrades in the sector [1]. - The demand for skilled talent is increasing, with a significant gap in the labor market as the population dividend diminishes and industrial upgrades occur [1]. Summary by Sections Policy Developments - The Ministry of Education's recent regulations position extracurricular training as a beneficial supplement to school education, indicating a supportive policy environment for the industry [1]. - The 20th Central Committee's emphasis on education, technology, and talent as foundational supports for modernization highlights the strategic importance of the sector [1]. Market Performance - The report notes a significant increase in the number of positions requiring higher education qualifications in the national civil service examination, reflecting a rising demand for skilled professionals [1]. - Financial performance of leading companies in the sector is improving, with New Oriental reporting a revenue growth rate of 33.5% in Q1 of FY2025 [1]. Investment Opportunities - The report suggests that policies introduced in first-tier cities are likely to create development opportunities across various segments of the education industry, recommending attention to companies such as Zhonggong Education, Angli Education, and Xueda Education [1].