Investment Rating - The report maintains an "Accumulate" rating for the company with a target price of RMB 5.38 [7][13]. Core Views - The company's fundamentals are improving, with expectations of turning profitable for the full year 2025, supported by steady growth in its core business and operational efficiency improvements [1][5]. - The K12 school operations are showing robust growth, while vocational education is expanding through partnerships with leading companies [2][5]. - The company has optimized its operational efficiency, leading to an upward trend in profit margins [3][5]. - The change in major shareholders, with Haiguotou becoming the largest shareholder, is expected to facilitate better decision-making and resource allocation [4][5]. Summary by Sections Financial Performance - In 2024, the company achieved revenue of RMB 320 million, a year-on-year increase of 25.92%, and a net profit loss of RMB 37 million, reducing losses by 25.66% [1][6]. - For Q1 2025, the company reported revenue of RMB 90.67 million, a year-on-year increase of 17.68%, and a net profit of RMB 468,400, marking a return to profitability [1][6]. Business Segments - Revenue from education services, training services, and housing leasing in 2024 was RMB 260 million, RMB 55 million, and RMB 5 million, respectively, with year-on-year changes of +41.86%, -16.90%, and +10.13% [2][5]. - The K12 school segment is experiencing steady growth in student enrollment, while vocational education is expanding through collaborations with major companies [2][5]. Operational Efficiency - The company has successfully reduced sales, management, and financial expenses by 18%, 4%, and 14%, respectively, leading to improved cost control [3][5]. - The gross profit margin for Q1 2025 was reported at 32%, indicating a steady increase in profitability [3][5]. Shareholder Changes - Haiguotou's acquisition of 14.84% of shares from the previous major shareholder has increased its stake to 16%, positioning it as the largest shareholder [4][5]. Profit Forecast and Valuation - The company is projected to achieve net profits of RMB 25.16 million, RMB 46.65 million, and RMB 56.32 million for the years 2025, 2026, and 2027, respectively [5][6]. - The target price of RMB 5.38 is based on a DCF valuation, with an updated WACC of 9.36% and a perpetual growth rate of 2% [5][13].

刘来祥对兴业银行哈尔滨分行在黑龙江工商学院发展过程中提供的金融支持表示肯定。他表示，高校是人才培养的重要阵地，银行是经济发展的血脉支撑， 此次银校战略合作是产教融合的务实之举，更是实现教育链、人才链与产业链协同发展的关键突破，具有里程碑意义。希望双方在资源共享、互利共赢原则 下，建立长效常态合作机制，共同推动教育与金融协同创新。 会上，兴业银行哈尔滨分行与黑龙江工商学院签署战略合作协议，兴业银行哈尔滨分行副行长曲靖锋、黑龙江工商学院总会计师王云福分别代表双方签署协 议。 4月25日，兴业银行哈尔滨分行举办银校座谈交流会暨战略合作签约仪式，与黑龙江工商学院等五家院校座谈交流。兴业银行哈尔滨分行党委书记、行长郑 友齐，黑龙江工商学院理事长刘来祥分别代表双方致辞。 郑友齐表示，教育是国之大计，金融是经济血脉。兴业银行哈尔滨分行深入践行"服务实体经济，拥抱民营企业"的指导思想，将教育领域作为信贷投放重点 方向，创新推出《民办高校综合金融服务方案》。希望以此次座谈交流为契机，建立全面、深度、共赢的银校合作关系，在融资服务、支付结算、智慧校 园、师生服务、党建共建等方面深化合作，共同谱写银校合作新篇章。 转自：新华财经 ...

Core Insights - The company reported a revenue of approximately RMB 1,247.5 million for the six months ending February 28, 2025, representing a year-on-year increase of 7.5% due to higher student enrollment and increased average tuition fees [1][6] - The number of enrolled students grew by approximately 4.4% to around 100,300 [1][6] - The company has a strong cash position with cash and cash equivalents amounting to RMB 2,070.8 million [1][6] - A mid-term dividend of HKD 0.066 per share was proposed, with a payout ratio of 30%, marking the 12th consecutive dividend since the company went public [1][6] Investment in Education Quality - The company emphasizes its commitment to high-quality education, with strategic investments and forward-looking planning being crucial for building a reputable educational brand [2] - The acquisition of land use rights in Jiangmen for expanding educational capacity is part of the strategy to support future student growth [2] - The company is actively recruiting industry experts and expanding its dual-teacher model to enhance educational quality [2] Embracing Educational Transformation - The company is focusing on "AI + talent cultivation" as a core strategy, upgrading its educational system through the development of smart education platforms and AI-assisted courses [3] - There is a strong emphasis on industry-education integration, particularly in emerging sectors like artificial intelligence and digital economy, through collaborations with major companies such as Huawei and Baidu [3] Future Outlook - The company aims to capitalize on the opportunities presented by the industrial upgrades in the Guangdong-Hong Kong-Macao Greater Bay Area and the national strategy for emerging industries [4] - It plans to dynamically optimize its program offerings and continuously improve teaching quality to establish itself as a globally recognized educational brand [4]

将投中网设为"星标⭐"，第一时间收获最新推送 如何做好科技孵化，让创业者能更快成长？ 整理丨 张雪 来源丨 投中网 2025 年， AI 和具身智能依旧是投资领域热度不减的话题。 "热度之下，整个市场也在发生着巨变，比如 2024 年之前创投市场基本遵循单因子模型，即美国的独角兽、股市及热门赛道，在很大程度上影响着中国 的科技创新和创业方向。但这个情况在 2025 年发生了显著变化，如今推动世界科技创新的力量已转变为双因子模型：除了美国这一影响因素外，中国 自身的科技创新也成为了不可忽视的驱动力量。" 那么，在这样的背景下，在大国博弈加剧的现在，如何做好科技孵化，让创业者能更快成长？ 4 月 17 日，在"第 19 届中国投资年会·年度峰会"上，北航机器人研究所名誉所长、中关村智友研究院院长王田苗发表题为"催化科技孵化的'裂变效 应'，打造中国科创梦工厂"的主题演讲。 经过近十年的实践，王田苗有一个深刻的体会：硬科技领域的孵化投资机会可以细分为两大方向，一个是面向消费端（ To C ）的底座型硬科技项目， 虽然研发周期比较长，但其技术壁垒形成的长期竞争力和回报还是比较可观的；另一个方向涉及"卡脖子"技术的政企 ...

Core Insights - The establishment of Tongda Academy in Tonglu County aims to address the talent needs in the express delivery industry, focusing on creating a specialized training system for logistics professionals [1][2] - The "Three Links and One Reach" express delivery companies dominate over 60% of the national market share, employing more than 1.2 million people [1] - The academy will collaborate with local universities and enterprises to enhance the integration of education and industry, fostering a new generation of professionals skilled in AI, legal knowledge, and management [1][2] Group 1 - Tongda Academy is initiated by local government, express delivery companies, and educational institutions to become a training hub for logistics talent [1] - The academy will operate under a governance structure that includes leaders from the county government and founders of major express companies, promoting a collaborative approach [1] - The focus will be on developing courses that meet the specific needs of the express delivery sector, including safety, legal standards, and management training [2] Group 2 - Tongda Academy features five branches, each targeting different segments of the express delivery workforce, from couriers to executives [2] - The curriculum will include both general courses and specialized training, leveraging university resources for topics like performance management and leadership [2] - The initiative aims to enhance the professional skills and innovative capabilities of the workforce, supporting the high-quality development of the logistics industry in Tonglu [2]

你知道全亚洲唯一一个气候海拔模拟舱坐落在宁波，是为了模拟极端气候条件，进行汽车安全阈值试验吗？ 你知道除了常见的新型能源，被誉为"液态的氢"的甲醇已经作为成熟产业，成为汽车动力来源，并成功在各地规模化使用了吗？ 你知道现在的汽车电池充电速度可以堪比手机充电，一杯咖啡的时间就可以完全解决纯电汽车的里程焦虑吗？ 你知道中国的赛车运动体系已经建设了近20年，并且最近在中国的国际赛场，由中国人首次摘获了国际重磅赛事的冠军吗？ 02 打造人才森林，social玩出影响力 人才是企业发展的根本，是创新驱动的核心。汽车人才建设始终是驱动吉利品牌长期发展的重要一环。从吉利学院、三亚学院到"大雁计划"，吉利不断提 升层次，加强产教融合，推动改革创新。在新的时代背景下，面向全球市场讲好中国汽车故事，吉利逐渐发力，打造专属品牌的主播人才梯队。 以上的这些问题，对于汽车发烧友或许不足为奇，但对于更广大的，不了解汽车产业发展动态的老百姓来说却很是陌生。伴随着2024年由凤凰卫视、凤凰 网与吉利控股集团共同发起的一档汽车综艺节目——《吉利星主播》的播出，上述知识却通过一群年轻人的视角，以或趣味或温情或理智或直观的形式不 由分说地闯入观众 ...

《函件》称，福耀科技大学要按照《福建省政府支持福耀科技大学（暂名）提升办学水平实施 方案》（闽政〔2024〕10号）明确的工作举措，高质量推进学校建设发展。教育部将适时对文 件落实情况进行核验，并将核验结果作为审批福建省设立其他高等学校的重要参考。 教育部在《函件》中表示，希望福建省加强对学校的指导和支持，督促举办者进一步加大办学 投入，引导学校按照"高起点、小而精、研究型、国际化"办学定位，聚焦服务国家战略性新兴 产业和未来产业发展，大力推进产教融合、科教融汇，集聚一流师资，打造一流学科，培育一 流人才，产出一流成果，积极探索新型研究型大学办学模式，为国家和区域经济社会高质量发 展作出积极贡献。 3月21日，人工智能时代拔尖创新人才培养座谈会在福耀科技大学举办。 据媒体记者会上获悉，今年，福耀科技大学计划招收100名以内学生，学费每学年5460元，住 宿费每学年1200元（双人间），采取本硕博贯通培养模式，与剑桥大学、牛津大学、斯坦福大 学、麻省理工学院等数十家国外及港澳台地区著名大学合作教学，学生将获得福耀科技大学及 其他著名大学的双学位。 学生在大一、大二将在文理学院接受公共通识课教育，大二下学期可以选 ...

科技创新受到多位部长的关注，怀进鹏在现场表示，历史上每一次重大科技革命和产业变革都对社会提出特别重要 的需求，也是教育改革和发展的重大机遇。 助企纾困也将继续作为多个部门的重点任务。今年，市场监管总局将继续规范涉企执法，营造良好营商环境的关 键。金融监管总局将下大气力解决民营和小微企业融资难题。 推进交通物流降本提质增效取得更大成效 统一开放的交通运输市场是全国统一大市场的重要组成部分。今年的政府工作报告提出，加快建设统一开放的交通 运输市场，实施降低全社会物流成本的专项行动。 过去一年，交通运输部会同国家有关部委共同研究制定实施交通物流降本提质增效行动计划，取得了阶段性成效。 据交通运输部部长刘伟介绍，2024年，全国全社会物流成本共降低大约4000亿元，其中运输成本降低了2800亿元， 占到2/3左右。在工作推进中，重点突出了调结构、强枢纽、促联运三个方面。 刘伟指出，刚刚过去的为期40天的春运，全社会跨区域人员流动量达到了90.2亿人次，比去年同期增长了7.1%，再 创历史新高。与此同时，高速公路拥堵路段的数量明显下降，全国没有出现大范围、长时间人员和车辆的滞留现 象，充分展现了"流动中国"的澎湃活力。 ...

就业、生育、养老、教育、医疗……民生始终是每年全国两会的核心议题，也是政府工作报告的重要内容。在全国两会前夕，证券时报记者了解到，多位 全国人大代表和全国政协委员表达了对高质量充分就业、人才供需结构性矛盾、"一老一小"服务保障等民生热点议题的关注。 做好经济社会发展工作，民生是"指南针"。今年，我国将持续加大保障和改善民生力度，增强人民群众获得感幸福感安全感。在受访专家学者看来，今年民生保障 将聚焦民生痛点堵点，更大力度支持高校毕业生就业创业、扩大养老服务保障覆盖面等。着眼于破解结构性就业矛盾等民生难点痛点，今年有必要推进教育体制机 制和人才培养模式改革。 紧盯民生痛点堵点 就业是最大的民生。2025年，新一届全国普通高校毕业生数量将首次超过1200万人，实现高质量充分就业面临挑战。 "平台经济的发展与就业民生紧密相关。"第十四届全国人大代表、安徽省农业科学院副院长赵皖平告诉记者，平台需要通过持续的业态创新，优化整合数字生产要 素，通过构建平台生态中枢、特色业务板块和增长点，为促进就业提供更具创新性的生态业态基础保障。 随着我国人口老龄化程度进一步加深，老年人权益保障体系有待健全。 "老年人法律需求总体呈现多 ...