来源：环球网 在推动教育数字化深入发展的过程中，如何科学验证人工智能在教学中的实际作用，成为行业关注的重 点。近期，松鼠Ai智能老师在吉尼斯世界纪录™挑战历史上首次开设的人工智能对比实验的挑战纪录， 在2025年12月15日成功挑战"最多人参与的AI与传统教学差异化实验"的吉尼斯世界纪录™称号并成功获 得认证。 本次挑战联合艾瑞咨询开展实证研究，覆盖五所学校六年级与七年级共1662名学生。数据显示，采用松 鼠Ai智适应系统的教学组，在平均成绩、优秀率等多个维度上表现优于传统教学组。此次实验不仅是一 次规模化的教学效果对比，也体现了松鼠Ai基于自研多模态智适应教育大模型的技术能力，为AI教育 从工具应用到成效验证提供了具有参考意义的实践案例。 | 年級 | 组别 | 后测均分 | 优秀率 | 合格率 | 不合格率 | 样本数 | | --- | --- | --- | --- | --- | --- | --- | | 六年级 | Al组 | 87.58 | 67.61% | 96.48% | 3.52% | 142 | | 六年级 | 真人组 | 78.8 | 38.46% | 88.86% | 11.14% ...

东西问｜马来西亚学者刘慧敏：人工智能如何让教育更普惠？ 中新社上海12月14日电 题：人工智能如何让教育更普惠？ ——专访马来西亚理科大学教育研究学院副教授刘慧敏 作者 高志苗 我的专业背景是特殊教育与儿童语言治疗，参与这次项目特别关注了与早期发展相关的教育科技。在参访中看到不少中国的产品，能通过AI辅助评估为家 长和教师提供孩子每周、每月的发展报告。这些精准的数据有助于快速发现孩子的强项以及需要帮助的方面，让教学更具包容性，使每个孩子能在更轻松的 环境下学习。 以往，多靠教师或家长的观察和经验推断儿童出现学习障碍或发展迟缓的情况，往往不能及早发现。随着AI等技术的发展，发现过程可更客观、更系统。 例如在我研究的儿童发展八大指标中，AI可以精准评估每一项的发展水平，包括感官统合、语言、沟通、记忆、辨识、专注、书写和阅读能力等，能让教 师和家长"对症下药"，在孩子发展的黄金阶段提供及时辅助。 此外，AI能帮助家长在家开展治疗活动，尤其对于那些居住在偏远地区、难以接触到专业治疗服务的家庭，科技可以跨越距离限制，提供必要的指导和资 源。 刘慧敏参加2025外滩大会。受访者供图 如何利用人工智能(AI)技术促进教育公 ...

Core Viewpoint - The company experienced steady revenue growth in Q3, but faced a significant decline in net profit, indicating challenges in profitability despite increased contract liabilities and expansion efforts [1][2][3] Financial Performance - In Q3, the company reported revenue of 697 million, a year-on-year increase of 11.19%, while net profit attributable to shareholders was 1.43 million, down 89.90% year-on-year, with a non-recurring loss of 2.30 million [1] - For the first three quarters, revenue reached 2.613 billion, up 16.30% year-on-year, and net profit attributable to shareholders was 231 million, an increase of 31.52% year-on-year [1] - The company's contract liabilities at the end of the period were 1.204 billion, reflecting a year-on-year growth of 22.45% [1] Business Strategy and Operations - Q3 is characterized as a low season for course consumption but a peak season for enrollment, with a focus on network expansion and customer acquisition [2] - The company’s gross margin in Q3 was 27.17%, a decrease of 5.07 percentage points year-on-year, attributed to increased costs from teacher reserves and business expansion [2] - Sales expense ratio increased by 3.10 percentage points due to upfront marketing investments during the enrollment season, while management expenses decreased significantly, indicating operational efficiency [2] Growth Outlook - The company is positioned as a leader in personalized education, with a clear strategy for business expansion and expectations for sustained revenue growth [3] - Long-term profitability is anticipated to improve towards 10% as front-end business revenue increases and operational costs are diluted through scale effects [3] - Profit forecasts for 2025-2027 project net profits of 245 million, 304 million, and 369 million respectively, with corresponding price-to-earnings ratios of 22, 18, and 15 [3]

Investment Rating - The investment rating for the company is "Buy" and is maintained [8]. Core Insights - In Q3, the company reported revenue of 697 million, a year-on-year increase of 11.19%, while the net profit attributable to the parent company was 1.43 million, a year-on-year decrease of 89.90%. The adjusted net loss was 2.30 million, compared to a loss of 9.12 million in the same period last year. For the first three quarters, revenue reached 2.613 billion, up 16.30% year-on-year, with a net profit of 231 million, an increase of 31.52% year-on-year, and an adjusted net profit of 209 million, up 29.75% year-on-year. The contract liabilities at the end of the period were 1.204 billion, a year-on-year increase of 22.45% [2][6]. Summary by Sections Financial Performance - In Q3, the company achieved a revenue of 697 million, reflecting an 11.19% year-on-year growth. The net profit attributable to the parent company was 1.43 million, down 89.90% year-on-year, with an adjusted net loss of 2.30 million, compared to a loss of 9.12 million in the previous year. For the first three quarters, total revenue was 2.613 billion, up 16.30% year-on-year, with a net profit of 231 million, a 31.52% increase year-on-year, and an adjusted net profit of 209 million, up 29.75% year-on-year. The contract liabilities at the end of the period were 1.204 billion, representing a 22.45% year-on-year increase [2][6]. Business Strategy - The company is focusing on expanding its network and customer acquisition during the third quarter, which is typically a peak season for enrollment. The revenue growth of 11.19% in Q3 and the 22.45% increase in contract liabilities align with the company's expansion plans, laying a foundation for future performance growth [12]. Profitability Outlook - The gross margin in Q3 was 27.17%, down 5.07 percentage points year-on-year, primarily due to increased costs associated with teacher reserves and business expansion. The sales expense ratio increased, reflecting the effectiveness of the company's customer acquisition strategy during the enrollment season. The management expense ratio decreased significantly, indicating operational efficiency. The company aims to improve profitability towards 10% in the medium to long term as revenue increases and cost structures improve [12]. Earnings Forecast - The company is projected to achieve net profits attributable to the parent company of 245 million, 304 million, and 369 million for the years 2025, 2026, and 2027, respectively, corresponding to price-to-earnings ratios of 22, 18, and 15 times [2][12].

Investment Rating - The report maintains a "Buy" rating for the company [7] Core Views - The company has experienced revenue growth of 16.30% year-on-year, reaching 2.613 billion yuan in the first three quarters of 2025, while net profit increased by 31.52% to 231 million yuan [1] - The expansion of outlets has put pressure on profit margins, with a notable decline in net profit in Q3 2025, attributed to increased teacher labor costs due to expansion [1][3] - The education business is expected to maintain steady growth, with cash collections showing a significant increase, indicating strong revenue growth potential [2] Summary by Sections Financial Performance - For Q3 2025, the company reported revenue of 697 million yuan, a year-on-year increase of 11.19%, but net profit fell to 1.43 million yuan, down 89.90% year-on-year [1] - The gross margin for Q3 2025 was 27.17%, a decrease of 5.07 percentage points year-on-year, primarily due to increased labor costs from outlet expansion [3] - The company expects to achieve net profits of 250 million, 310 million, and 380 million yuan for 2025, 2026, and 2027, respectively, with growth rates of 40.6%, 23.9%, and 22.7% [4] Business Outlook - The core high school personalized education business is expected to perform well, especially leading up to the college entrance examination, with full-time programs supporting off-peak operations [2] - The company has expanded its personalized learning centers to over 300 and opened 5 full-time schools, with a total student enrollment of nearly 7,500 [3] - The vocational education segment is also deepening its layout, with over 15 vocational schools and partnerships for industry-education integration [4] Market Position - The company is well-positioned in the education sector, benefiting from a favorable competitive landscape post-"double reduction" policy, which has cleared out excess supply [3] - The report highlights the company's strong brand, network scale, and teaching resources as key advantages for future growth [3]

Investment Rating - The report maintains a "Recommended" rating for the company [4][7]. Core Insights - The company achieved a revenue of 2.613 billion yuan in the first nine months of 2025, representing a year-on-year growth of 16.30%. The net profit attributable to shareholders was 231 million yuan, up 31.52% year-on-year, with an EPS of 1.95 yuan, reflecting a growth of 30.53% [1]. - The company is a leader in personalized education, with over 300 learning centers across more than 100 cities and more than 5,200 dedicated teachers, utilizing a hybrid online and offline teaching model [1]. - The company's profitability has significantly improved, with a net profit margin of 8.67%, an increase of 0.97 percentage points year-on-year, while the gross margin was 33.86%, a slight decrease of 1.12 percentage points year-on-year [2]. - The company has successfully reduced its debt ratio, with a total asset-liability ratio of 77.09%, down 2.35 percentage points year-on-year. The cash flow remains relatively strong, with a cash collection ratio of 112.24% [3]. - The company has increased its market expansion efforts, with sales expenses rising by 37.5% year-on-year, leading to a record high in contract liabilities of 1.204 billion yuan, a year-on-year increase of 22.48% [4]. Financial Forecasts - The projected revenues for 2025-2027 are 3.223 billion yuan, 3.717 billion yuan, and 4.088 billion yuan, respectively, with corresponding EPS of 2.02 yuan, 2.50 yuan, and 2.89 yuan [6]. - The dynamic PE ratios for the same period are expected to be 22 times, 18 times, and 15 times, indicating a favorable valuation trend [4][6].

Core Viewpoint - The emergence of artificial intelligence (AI) is transforming education from a "one-size-fits-all" approach to a more personalized and precise model, addressing the diverse needs of students across different regions and backgrounds [1][3]. Group 1: AI in Education - AI technology is being utilized to create a resource-sharing network that covers both urban and rural areas in China, enabling personalized learning plans based on detailed analysis of each student's learning data [1]. - The platform can prioritize foundational knowledge for students with weak math skills and recommend relevant cultural courses based on students' interests, demonstrating a tailored educational approach [1]. - Schools in Hangzhou are experimenting with "future classrooms" where students wear simple brainwave monitors to collect data on attention and memory, allowing for personalized virtual tutoring [1]. Group 2: The Role of Teachers - While AI can provide personalized feedback, it cannot replace the unique teaching styles and personal connections that teachers offer, which are essential for emotional engagement and value formation in education [2]. - Teachers can detect unspoken confusion through students' micro-expressions and provide encouragement during challenging times, highlighting the irreplaceable human element in education [2]. Group 3: Balancing AI and Traditional Methods - To achieve true personalized education, both AI tools and traditional teaching methods must be utilized effectively, addressing the shortcomings of standardized assessments while not overly relying on AI [2]. - The integration of AI in education should enhance the learning experience without compromising the core goal of nurturing students, ensuring that technology serves educational purposes rather than dictating them [3]. Group 4: Future of AI in Education - The trend of AI in education reflects a global shift towards more precise and individualized learning experiences, emphasizing the importance of maintaining a human-centered approach in educational practices [3]. - The focus on nurturing students and the role of teachers must remain central, even as AI technology continues to evolve and improve [3].

Core Insights - The emergence of artificial intelligence (AI) is transforming education from a "one-size-fits-all" approach to a more personalized model, addressing the diverse needs of students [1][3] - AI technology is being utilized in China's national primary and secondary school smart education platform to create a resource-sharing network that tailors learning plans based on individual student data [1][3] - While AI can provide personalized feedback, the unique teaching styles and emotional connections established by teachers remain irreplaceable, highlighting the need for a balanced approach that combines AI tools with traditional teaching methods [2][3] Group 1 - AI is enabling a shift from traditional education methods to personalized learning experiences, allowing for tailored educational content based on individual student performance and interests [1][3] - The platform uses big data to analyze students' learning records, ensuring that educational resources are adapted to meet the specific needs of students in different regions and with varying backgrounds [1] - Examples of innovative practices include the use of brainwave monitoring in classrooms to provide real-time feedback and personalized virtual tutoring based on students' attention and memory levels [1] Group 2 - The role of teachers is emphasized as essential for providing emotional support and fostering a nurturing learning environment, which AI cannot replicate [2][3] - AI's capabilities should complement traditional teaching methods rather than replace them, ensuring that the educational process remains focused on holistic student development [2] - The integration of AI in education is seen as a necessary evolution, but the core objective of nurturing students must remain at the forefront of educational practices [3]

Core Insights - The "Implementation Plan for High-Quality Development of Ordinary High Schools in Shanghai" injects new momentum into the Shanghai education sector, promoting the optimization of educational resources, innovation in educational models, and digital transformation [1] Industry Summary - The education sector is expected to see new investment opportunities in areas such as personalized education, vocational training, and smart education due to favorable policy releases [1]

Core Viewpoint - The "Implementation Plan for the High-Quality Development of Ordinary High Schools in Shanghai" injects new momentum into the education sector, promoting the optimization of educational resources, innovation in educational models, and digital transformation, thereby releasing policy benefits. The education sector is expected to see new investment opportunities in personalized education, vocational training, and intelligent education [1][2]. Summary by Sections Investment Opportunities - The plan brings structural opportunities to the education sector, including the expansion and optimization of educational resources, enhancing the competitiveness of quality private schools, and increasing demand for extracurricular training due to the emphasis on "five educations" [2]. - The integration of vocational and general education is expected to expand the vocational education and skills training market [2]. Ordinary High School Development Plan - The plan focuses on improving the quality and capacity of ordinary high schools by enhancing resource allocation, educational reform, team building, and digital empowerment [2]. - It aims to increase the supply of ordinary high school places and promote the sharing of quality educational resources through inter-school cooperation and support for weaker schools [2]. Digital Technology Empowerment - The plan emphasizes digital transformation to enhance the quality and efficiency of high school education, including the application of intelligent teaching systems and the establishment of a digital course resource library [3]. - It aims to improve the digital literacy of teachers and students, integrating intelligent technology into teacher training and enhancing the quality of information technology courses [3]. Reform of Educational Approaches - The plan proposes a "five educations" integrated education system, promoting the organic integration of moral, intellectual, physical, aesthetic, and labor education [3]. - It encourages the involvement of parents and community representatives in school development planning and decision-making to enhance transparency and social participation [3].