证券代码：600661 证券简称：昂立教育 编号：临 2025-033 暨中报业绩说明会召开情况的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 上海新南洋昂立教育科技股份有限公司（以下简称"公司"）于 2025 年 9 月 19 日 15:00-17:00 参加由中国证券监督管理委员会上海监管局指导、上海上市公司协会 及深圳市全景网络有限公司联合举办的"2025 年上海辖区上市公司集体接待日暨中 报业绩说明会活动"，现将本次业绩说明会召开情况公告如下： 一、本次说明会召开情况 2025 年 9 月 12 日，公司在《上海证券报》、《中国证券报》、《证券时报》和上海 证券交易所网站（http://www.sse.com.cn）上披露《关于参加 2025 年上海辖区上市公 司集体接待日暨中报业绩说明会的公告》（公告编号：临 2025-030）。公司董事长兼总 裁周传有先生、独立董事金宇超先生、联席总裁吴竹平先生、财务总监吉超先生、董 事会秘书徐敬云先生出席本次业绩说明会，就公司经营成果、财务状况、发展战略等 情况与投 ...

Core Viewpoint - The education sector experienced a decline of 1.28% on September 18, with China Gaoke leading the drop, while the Shanghai Composite Index fell by 1.15% and the Shenzhen Component Index decreased by 1.06% [1]. Group 1: Market Performance - The education sector's individual stock performance varied, with Action Education rising by 2.24% and several others, including ST Dongshi and Guomai Technology, experiencing declines of 1.65% and 1.72% respectively [1]. - The closing prices and trading volumes of notable education stocks were reported, indicating a mixed performance across the sector [1]. Group 2: Capital Flow - The education sector saw a net outflow of 254 million yuan from main funds, while retail investors contributed a net inflow of 219 million yuan [3]. - The data suggests a divergence in investment behavior, with institutional investors pulling back while retail investors increased their participation [3].

Group 1 - China Ping An completed stock purchase under the 2025 long-term service plan, acquiring 74.615 million H-shares, accounting for 0.412% of total share capital, with a total transaction amount of 3.875 billion yuan [1] - New China Life Insurance reported original insurance premium income of 158.086 billion yuan from January to August, representing a year-on-year increase of 21% [7] - Longhua Group received a project development notification from a domestic automaker, with an estimated total sales amount of approximately 280 million yuan over a 5-year project lifecycle [8] Group 2 - Tianlong Co., Ltd. announced that its general manager plans to reduce holdings by up to 320,000 shares, representing 0.16% of total share capital, due to personal financial needs [2] - Pingzhi Information became a candidate for a 170 million yuan AI computing power technology service project [3] - Shandong Mining announced the establishment of a holding subsidiary with a registered capital of 10 million yuan, in which it holds a 65% stake [4] Group 3 - Haixia Environmental Protection plans to invest 60.6059 million yuan in upgrading a sewage treatment project [5] - Zaiqi Pharmaceutical received approval for clinical trials of its injection drug ZGGS34 for treating MUC17 positive advanced solid tumors [6] - Hengrui Medicine's application for a new indication for SHR-A1811 for HER2 positive breast cancer was accepted and included in the priority review process [16][17] Group 4 - Vanke A received a loan support of 2.064 billion yuan from its largest shareholder, Shenzhen Metro Group, for debt repayment [38] - Guang'an Aizhong plans to acquire 90% of Qitai Hengzong at a price of 0 yuan to expand its wind power business [39] - A total of 6 products from Jiuzhang Bio received IVDR CE certification, valid until September 10, 2030 [20]

Market Overview - On September 17, the education sector declined by 1.09%, with China High-Tech leading the drop [1] - The Shanghai Composite Index closed at 3876.34, up 0.37%, while the Shenzhen Component Index closed at 13215.46, up 1.16% [1] Individual Stock Performance - Major stocks in the education sector showed mixed results, with Xueda Education (code: 000526) increasing by 0.86% to close at 47.08, while China High-Tech (code: 600730) fell by 4.80% to close at 10.11 [1][2] - Other notable declines included Kewen Education (code: 002659) down 1.36% and Keda Education (code: 300192) down 2.24% [2] Trading Volume and Capital Flow - The education sector experienced a net outflow of 343 million yuan from institutional investors, while retail investors saw a net inflow of 283 million yuan [2] - The total trading volume for the education sector was significant, with Xueda Education achieving a transaction amount of 1.28 billion yuan [1] Capital Flow Analysis - Among individual stocks, Xueda Education had a net inflow of 12.49 million yuan from institutional investors, while China High-Tech saw a net outflow of 4.19 million yuan [3] - The capital flow data indicates that retail investors were more active in the sector, with significant inflows into stocks like Kewen Education and Guomai Technology [3]

Core Viewpoint - The Ministry of Commerce and nine other departments issued policies on September 16 to boost consumption and expand domestic demand, presenting multiple investment opportunities in the social service industry [2]. Education Sector - Focus on K12 education and vocational training, with policies supporting the opening of more educational fields and encouraging foreign investment in non-academic training institutions [3]. - The approval process for K12 non-academic training licenses is expected to become smoother, benefiting employment-oriented vocational education [3]. - Recommended investment opportunities include K12 education companies like DouShen Education, Angli Education, and Zhuoyue Education Group, as well as vocational education firms like China Oriental Education and related training companies [3]. Tourism Sector - Emphasis on attracting more foreign visitors and expanding visa-free policies, along with encouraging travel agencies and online platforms to create unique travel routes for foreigners [4]. - Suggested investment opportunities include OTA companies like Ctrip Group, scenic spots such as Xiyu Tourism and Emei Mountain A, hotels like ShouLai Hotel and Junting Hotel, and tourism retail firms like China Duty Free Group and Wangfujing [4]. IP Sector - Focus on exploring the market value of traditional cultural IP and creating new service consumption scenarios through quality performances, animation, games, and films [5]. - Recommended investment opportunities include tourism performances like Songcheng Performance and trendy toys like Pop Mart [5]. Sports Sector - Encouragement to introduce foreign sports events and support local hosting of popular sports events, aiming to create well-known competitions and brands with independent intellectual property rights [6]. - Suggested investment opportunities include event operation companies like Lisheng Sports and Lansheng Co [6]. Exhibition Sector - Focus on cultivating international markets for medical and exhibition services [7]. - Recommended investment opportunities include exhibition companies like Lansheng Co and Miao Exhibition [7]. Nursing Sector - Emphasis on strengthening training for personnel in elderly care, domestic services, and long-term care [8]. - Suggested investment opportunity includes Saint Bella [8].

编辑 | 格蕾丝 美股三大指数小幅收跌 当地时间9月16日，美股三大指数在震荡交投中小幅收低，投资者在美联储议息会议前保持谨慎。 截至收盘，道琼斯工业平均指数下跌125.55点，收于45757.90点，跌幅0.27%；标普500指数下跌8.52 点，收于6606.76点，跌幅0.13%；纳斯达克综合指数下跌14.79点，收于22333.96点，跌幅0.07%。 大型科技股表现分化，特斯拉上涨2.82%，Meta和亚马逊涨幅超过1%，苹果上涨0.61%；谷歌A微跌 0.18%，微软下跌1.23%，英伟达回落1.61%。 中概股表现亮眼，纳斯达克中国金龙指数上涨1.76%，创下自2022年2月以来新高。蔚来大涨逾8%，百 度涨超7%，京东和爱奇艺涨超3%，阿里巴巴上涨逾2%。 市场普遍预期，美联储将在当地时间17日结束的、为期两天的会议上宣布降息25个基点，以应对近期就 业市场走弱。 周二公布的数据显示，美国8月零售销售环比增长0.6%，高于市场预期；核心零售销售环比增长0.7%， 亦强于前值的0.5%。不过，分析人士认为，这一数据不足以改变市场对美联储即将启动降息的判断。 贝尔德私人财富管理（Baird Pri ...

Core Viewpoint - The company plans to sell 100% equity of Kensington Park School Limited (KPS) for £80,000 (approximately ¥760,100) to Hong Kong KS Education Group Limited (KSE), which has been approved by the board of directors and does not constitute a related party transaction or a major asset restructuring [1][9][11]. Group 1: Transaction Overview - The sale of KPS is part of the company's strategy to optimize its asset structure and resource allocation, aiming to improve asset operation efficiency [29]. - The company has received a deposit of $27,880 (approximately ¥199,300) from KSE for the transaction [9]. - The board of directors approved the sale with 10 votes in favor and 1 abstention, with no opposing votes [10][32]. Group 2: Background and Financial Context - KPS has faced significant operational challenges due to various factors, including the global pandemic, geopolitical crises, and changes in UK education policies, leading to substantial cumulative losses [17][18]. - The company acquired KPS in 2022 and attempted to improve its operations, but continued pressures have resulted in projected EBITDA losses from 2025 to 2027 [29]. - The decision to sell KPS is expected to generate approximately ¥20 million in investment income and increase the company's net assets by about ¥27 million [29]. Group 3: Valuation and Pricing - The valuation of KPS was assessed at £50,000 (approximately ¥480,000) based on an evaluation report, with a significant increase in value of £20,314.3 (102.42% increase) [11][21]. - The agreed transaction price of £80,000 reflects a negotiated amount above the assessed value, indicating a strategic decision to divest from a non-core asset [11][22]. Group 4: Impact on Company - The sale aligns with the company's strategic transformation post "double reduction" policy, focusing on core business areas such as quality education and international education [29]. - Following the sale, the company will no longer hold any shares in KPS, leading to changes in its consolidated financial statements [29].

Core Viewpoint - The company, Angli Education, is selling its wholly-owned subsidiary, Kensington Park School Limited, for £80,000 (approximately 760,100 RMB), which is expected to generate an investment gain of about 20 million RMB [1][2]. Group 1: Company Financials - As of September 16, 2025, Angli Education's stock closed at 10.83 RMB, up 1.4% from the previous trading day, with a total market capitalization of 3.103 billion RMB [1]. - The subsidiary KPS reported negative net assets of -28.6353 million RMB and -19.8343 million RMB in the last two years, with a net profit of -9.9898 million RMB for the fiscal year 2024 [1]. Group 2: Transaction Details - The transaction does not constitute a related party transaction or a major asset restructuring and has been approved by the company's board of directors without the need for shareholder meeting approval [1]. - The board's voting results were 10 votes in favor, 0 against, and 1 abstention, with one director abstaining due to a potential conflict of interest [2]. Group 3: Impact on Company Structure - Following the completion of the transaction, the company's consolidated financial statements will change, and there are no guarantees, entrusted financial management, or fund occupation related to KPS [1].

Core Viewpoint - Several listed companies in the Shanghai and Shenzhen stock markets announced significant developments, including financing arrangements, asset sales, and strategic partnerships, which may present investment opportunities and risks for investors [4][5][6][8][9][10]. Financing and Borrowing - Vanke A announced that its largest shareholder, Shenzhen Metro Group, will provide a loan of up to 2.064 billion yuan to repay bond principal and interest, with a loan term of no more than three years and a floating interest rate based on the LPR minus 66 basis points [4]. - Jianfeng Group obtained a loan commitment of up to 36 million yuan from China Merchants Bank for stock repurchase, with a loan term of no more than 36 months at an interest rate of 1.8% [11]. Asset Sales and Acquisitions - Angli Education plans to sell 100% of Kensington Park School Limited for 80,000 pounds (approximately 760,100 yuan) to alleviate financial pressure [5]. - Guang'an Aizhong intends to acquire 90% of Qitai Hengtai at a price of 0 yuan, with plans for further investment in renewable energy projects [12][13]. - Suzhou Planning aims to acquire 80% of Kunshan Development Zone Architectural Design Institute for 831,720 yuan [18]. Regulatory and Compliance Issues - Haohai Biotechnology's controlling shareholder received an administrative penalty notice from the CSRC for suspected insider trading, although it is stated that this will not significantly impact the company's operations [7]. - Yunding Technology received a warning letter from the Shandong Securities Regulatory Bureau for inaccurate financial disclosures in its 2015 annual report [8]. Performance and Forecasts - Brothers Technology expects a net profit of 100 million to 115 million yuan for the first three quarters of 2025, representing a year-on-year increase of 207.32% to 253.42%, driven by rising prices of certain vitamin products and improved production efficiency [21]. Strategic Partnerships and Contracts - Jiuzhou Yiqu signed a strategic cooperation agreement with China Electric Power Construction Group Chengdu Survey and Design Institute to enhance collaboration in the rail transit sector [22]. - Luxiao Technology's subsidiary signed a strategic cooperation agreement to develop AI service robots for the US and European markets, aiming to sell at least 1 million units by 2026-2028 [23]. - China Shipbuilding Technology signed a green methanol sales contract worth approximately 40 million USD per year, with potential increases based on customer demand [24]. Stock Transactions and Shareholder Actions - Several companies, including Maidi Technology and Xin Hua Co., announced plans for shareholders to reduce their stakes, with reductions ranging from 1.7% to 3% of total shares [29][30][31][34][35].

Investment Rating - The industry investment rating is "Positive" [2] Core Insights - The report highlights the release of policies aimed at boosting service consumption and expanding domestic demand, with a focus on various sectors including education, tourism, IP, sports, exhibitions, and nursing [3] Summary by Relevant Sections Education - Focus on K12 education and vocational training, with expectations for smoother approval processes for non-academic training licenses and increased market opportunities for employment-oriented vocational education. Recommended companies include DouShen Education, Angli Education, and China Oriental Education [3] Tourism - Emphasis on attracting more foreign visitors and enhancing travel services. Investment opportunities are identified in OTA (Online Travel Agencies) such as Ctrip Group, scenic spots like Xiyu Tourism, hotels like ShouLi Hotel, and tourism retail companies like China Duty Free Group [3] Intellectual Property (IP) - Recommendations to explore traditional cultural IP markets and develop new service consumption scenarios. Companies to watch include Songcheng Performance and Pop Mart [3] Sports - Encouragement for introducing foreign sports events and supporting local sports competitions. Investment opportunities include event operations firms like Lisheng Sports and Lansheng Co [3] Exhibitions - Focus on cultivating international markets for medical and exhibition services, with recommended companies including Lansheng Co and Miao Exhibition [3] Nursing - Highlighting the importance of training personnel in elderly care and long-term care services, with a focus on Saint Bella [3]