Core Viewpoint - Zhongjiao Holdings (00839) has seen a nearly 6% increase in stock price, with a cumulative rise of nearly 15% post-earnings announcement, reflecting positive market sentiment towards the company's performance and future prospects [1] Financial Performance - For the fiscal year 2025, Zhongjiao Holdings is projected to achieve a revenue growth of 11.9% year-on-year, reaching 7.36 billion yuan, which aligns with expectations [1] - Adjusted EBITDA is expected to grow by 10.5% year-on-year to 4.17 billion yuan, exceeding expectations primarily due to better-than-expected cost control [1] - The company did not declare any dividends for the current fiscal year [1] Regulatory Environment - On November 5, the Guangdong Provincial Department of Education released a draft document regarding the classification management reform of existing private colleges, outlining the main procedures for classification registration [1] - Successful completion of profit-oriented registration for private colleges in Guangdong could support sentiment and valuation recovery within the sector [1]