Group 1 - The event represents a new chapter in Sino-French cultural exchange, showcasing the integration of music, technology, and health [1][10] - The company, 巨星传奇, focuses on IP creation and operation, having developed notable IPs like "周同学" and "刘教练," with a combined fan base of 280 million [5][10] - The interaction with the robot "巨星狗" highlights the company's innovative approach to blending technology with cultural experiences, aiming for deeper strategic cooperation with partners [8][10] Group 2 - The visit by the French media group to 巨星传奇 reflects the deepening cultural exchange between China and France, moving beyond traditional cultural outputs to modern IPs and health trends [11] - The engagement with "周同学" and the fitness session led by "Coach Liu" demonstrates the effectiveness of the company's IP operation model in fostering emotional connections and cultural resonance [10][11] - The event illustrates how contemporary cultural exchanges are evolving, incorporating elements like trendy IPs and smart technology, thus enriching the experience of cultural interaction [11]

Core Viewpoint - The Hong Kong stock market's positive performance reflects a global capital reallocation towards Asia-Pacific assets, particularly in the higher vocational education sector, which benefits from both consumer demand and policy incentives [1] Group 1: Financial Performance - In the first half of the 2025 fiscal year, the company achieved revenue of approximately 1.247 billion RMB, a year-on-year increase of 7.5%, driven by growth in student numbers and tuition fee increases [2] - The company’s student enrollment exceeded 100,000, marking a 4.4% increase compared to the previous year, with revenue growth from 554 million RMB in the first half of 2021 to 1.247 billion RMB in the first half of 2025, representing a cumulative increase of 125.27% [2] - The company maintains a healthy financial structure with a debt-to-asset ratio of only 44.44% and cash and cash equivalents amounting to 2.071 billion RMB [4] Group 2: Shareholder Returns - The board proposed an interim dividend of 0.066 HKD per share, with a payout ratio of 30%, marking the twelfth dividend distribution since the company went public [4] - Over the past three years, the total cash dividends exceeded 570 million RMB, demonstrating a commitment to returning value to shareholders [4][6] Group 3: Market Outlook - The company is optimistic about the development opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area over the next 15 years, anticipating a significant demand for high-quality applied talent [6][10] - The Guangdong Provincial Education Department projects a 50% increase in student enrollment by 2035, with the company’s nine institutions forming a strategic network to meet diverse educational needs [9] Group 4: Strategic Initiatives - The company is actively enhancing its educational infrastructure and resources, including the acquisition of new educational land and the optimization of campus facilities [11] - It is focusing on integrating cutting-edge fields such as AI, new energy vehicles, and smart healthcare into its curriculum, collaborating with industry leaders to create a comprehensive talent training system [12][13] - The company aims to upgrade traditional disciplines to align with market demands, ensuring that its educational offerings remain relevant and competitive [13][14]