Core Insights - New Oriental's subsidiary, Dayu Culture, launched a "Summer English Reading List" for children, introducing three new English chapter books aimed at enhancing English literacy among children [1][2] - The initiative addresses the growing demand for children's English reading materials in China, as parents and educators seek effective ways to select appropriate books for different reading levels [1][3] Company Overview - Dayu Culture has over 20 years of experience in book planning and focuses on providing high-quality learning and reading services for Chinese families [3] - Since 2016, Dayu Culture has been exploring and developing its English reading offerings for children, creating a comprehensive publishing system that includes picture books, graded readers, chapter books, and classic literature [3] Product Details - The newly launched books include "Rocket Girl," "Rocket Girl's Journey to the West," and "Sherlock Holmes: The Young Detective" (English versions), categorized as initial chapter books and mid-to-high chapter books [2] - These books are supplemented with various resources such as animations, audio, workbooks, and Chinese translations to support children's English learning [2][3] Educational Approach - The reading progression system categorizes books based on age, reading ability, and language difficulty, aiming to facilitate a smooth transition from graded readers to chapter books [1][3] - The combination of books and animations is highlighted as an effective tool to help children overcome challenges in reading comprehension, enhancing their understanding through multi-sensory engagement [3]

来源：中国新闻网 在教材的文化内核上，编写团队方面介绍，教材中，墨子"兼爱"思想与机器人三定律在AI伦理章节对比 呈现，"郑和下西洋""田忌赛马"等文化典故嵌入逻辑推理和计算思维内容，高铁故障智能诊断等"大国 重器"技术纳入职业模块，可多维度增强学习者的文化认同与实践能力。 中新网上海7月27日电 (记者 陈静)记者27日获悉，覆盖基础教育、职业教育、高等教育全学段的"大中 小一体化人工智能通识教育教材"在2025世界人工智能大会(WAIC2025)上正式发布，成为中国系统性人 工智能通识教育资源。 教材编委、华东师大上海智能教育研究院院长周爱民教授表示，算法时代，唯有以教育培育创新根基， 才能让少年与时代共赴山海，同频共进。(完) 据透露，今年秋季，这套教材将走进各试点学校，并将向全国大中小学课堂推广。 在学段衔接上，此前国内多版AI教材多存在"小学游戏化、高中重代码"的割裂问题。华东师范大学这套 教材创新构建覆盖6岁-22岁学习者的AI通用知识框架，依托该校智能教育研究院学术支撑，融合《教师 数字素养》《中小学人工智能课程指南》等标准，形成逻辑连贯、内容递进的一体化课程体系，填补了 贯通式AI教育的空白。 ...

当人工智能深刻影响未来，如何让孩子从小建立对这项技术的正确认知与驾驭能力，是教育领域的关注 方向。在此背景下，新华网、北京出版社、艺咖科技公司联合开发了《人工智能通识》系列教材。 顺时代之势 应教育之需 科学性、趣味性与普适性融合，是这套教材的特色。在"实训工作室"中，孩子们可操作语音识别实验， 观察机器如何"听懂"语言；"创意实验室"里，学生们能用数字人生成工具制作专属动画，让想象力"落 地"；图形化编程界面如"搭积木"般简单，潜移默化中培养逻辑思维能力。这种在"做中学"的设计，将 技术难点转化为趣味挑战。 本套《人工智能通识》教材在设计上注重"普适性"，教材配套了线上平台，支持多种硬件设备，学校可 根据自身条件灵活进行适配；通过对图像识别、生成式AI等前沿技术的融入，让孩子们都能接触到技 术前沿。 借平台之力 拓教育之界 《人工智能通识》教材承载着让每个孩子与AI"友好相处"的期待，为了让它更加贴合教育规律与时代需 求，教材编制过程中，新华网通过整合优势资源支持搭建安全性强的配套实践平台，助力学生在沉浸式 学习中掌握技能并建立正确的网络安全认知；北京青少年科技教育协会提供青少年教育领域的深耕经 验，深圳市 ...

证券代码：300148 证券简称：天舟文化 天舟文化股份有限公司 投资者关系活动记录表 编号：2025-002 | 投资者关系活动 | □ 特定对象调研 ☑分析师会议 | | --- | --- | | 类别 | □ 媒体采访 □ 业绩说明会 | | | □ 新闻发布会 □ 路演活动 | | | □ 现场参观 | | | □ 其他 （请文字说明其他活动内容） | | 参与单位名称及 | 华鑫证券、国新证券、拉曼资产、泰信基金、广发金控、润财资 | | 人员姓名 | 产、IGWT Investment、中邮保险、上汽颀臻、名禹资产、东兴 | | | 基金、八零后资产、浩源投资、正德泰投、大道兴业投资、华商 | | | 基金、君和资本、富唐资产、荷荷基金、三登投资、德若基金、 | | | 创金合信、华福证券、睿源基金、渝汇投资、度势投资、橡果资 | | | 产、途灵资产、霄沣投资、陆家嘴国际信托、友邦人寿 | | 时间 | 2025 年 7 月 21 日 （周一）15:30-16:10 | | 地点 | 线上电话会议 | | 上市公司接待人 | 总裁 喻宇汉先生 | | 员姓名 | 证券事务代表、董秘处主任 姜玲 ...

Group 1 - McGraw Hill Inc. plans to go public in the U.S. stock market, aiming to raise up to $537 million, marking its entry into the summer IPO surge [1] - The company will issue 24.4 million shares at a price range of $19 to $22 per share, potentially valuing the company at $4.2 billion [1][2] - Platinum Equity acquired McGraw Hill for $4.7 billion in 2021 and is expected to control nearly 87% of the company post-IPO [1][2] Group 2 - For the fiscal year ending March 31, McGraw Hill reported revenues of approximately $2.1 billion and a net loss of $85.8 million, compared to $1.96 billion in revenue and a net loss of $193 million in the previous fiscal year [2] - The company has embraced digital education tools, including an AI-based math teaching program and an AI Reader, serving approximately 26 million paid digital users across K-12, higher education, and vocational training markets [2] - McGraw Hill's digital learning platforms include ALEKS, Connect, and e-Book, which offer adaptive learning and interactive course materials [2] Group 3 - Generative AI poses a potential risk to McGraw Hill's business, as it may enable competitors to produce educational materials more easily and reduce the company's pricing power and market share [3] - McGraw Hill previously submitted a confidential IPO application in 2022 and withdrew an earlier listing plan in 2018 [4] - The company aims to leverage AI technology to enhance its adaptive course platform and reduce private debt burdens through the IPO, although its high leverage and competition from generative AI create uncertainties for future growth [4]

Core Viewpoint - Century Tianhong, a company rooted in educational publishing, has faced significant challenges following the "double reduction" policy, leading to slow net profit growth in recent years. Despite launching an AI strategy in 2021, the business has not matured, resulting in a rapid contraction of cash flow [1][6][13]. Financial Performance - In 2021, Century Tianhong reported total revenue of 411 million yuan, a year-on-year increase of 15.17%, with net profit at 35.64 million yuan, up 9.73%. However, profit growth lagged behind revenue growth [6]. - By 2022, total revenue increased to 433 million yuan, a growth of 5.35%, while net profit rose to 36.68 million yuan, reflecting a mere 2.92% increase [6]. - In 2024, the company achieved revenue of 531 million yuan, with book sales accounting for 86.57% of total revenue. However, cash flow issues became apparent, with a net cash flow from operating activities of -8.17 million yuan, a decrease of 59.61% from the beginning of the year [7][13]. Share Pledge and Liquidity Issues - On July 8, 2025, Century Tianhong's controlling shareholder pledged 11.6 million shares for a loan, which raised concerns about the liquidity of shareholder funds. Cumulatively, 48.97 million shares have been pledged, representing 13.38% of the total share capital [1][8]. - The company has seen a total of 26.8 million shares pledged in the past six months, amounting to 7.32% of the total share capital, indicating ongoing liquidity challenges [3]. AI Strategy and Market Position - Century Tianhong's AI initiatives, including the development of "Xiao Hong Assistant" and "Bi Shen Composition," have attracted over 22 million users, but the company still faces significant hurdles in achieving commercial scale [7][10]. - The education AI market is projected to grow significantly, with estimates suggesting it could reach 700 billion yuan by 2025 and 3 trillion yuan by 2030. However, Century Tianhong's technological capabilities remain limited compared to competitors [10][12]. - The company's R&D expenses have increased significantly since the introduction of its AI strategy, but total spending remains low compared to industry leaders, highlighting a gap in investment [12][14]. Challenges and Future Outlook - Century Tianhong is struggling to balance its traditional publishing business, which serves as a cash cow, with the costly investments required for its AI initiatives. This dual pressure is compounded by inventory turnover issues and demographic changes [13]. - The company’s operating profit in 2024 was 62.58 million yuan, down 3.48% year-on-year, indicating that the AI segment has yet to make a significant impact on overall financial performance [13][14].

Financial Data and Key Metrics Changes - Net revenues for the first quarter were $7.1 million, down from $10 million in the prior year [6] - Average active brand partners decreased to 7,700 from 13,400 year-over-year [6] - Loss before income taxes improved to a negative $1.4 million from a negative $1.7 million [6] - Net loss decreased to $1.1 million compared to a loss of $1.3 million last year [6] - Loss per share improved to $0.13 from $0.15 on a fully diluted basis [6] - Net inventories decreased by $2.7 million from $44.7 million to $42 million [7] Business Line Data and Key Metrics Changes - The decline in sales was primarily driven by reduced brand partner levels in the paper pie division [4] - Customer sales events were implemented to promote paper pie sales and generate cash [4] Market Data and Key Metrics Changes - The company faced a challenging sales environment due to high inflation and reduced disposable income among families with small children [4] - The direct sales industry, particularly in the product sector, has experienced difficulties in recruiting new consultants [4] Company Strategy and Development Direction - The company is focusing on strategic changes to support brand partners and has launched new incentive programs [7] - A successful partnership with Ticket to Dream has allowed the company to distribute thousands of books to foster children [9] - The company is planning a phased approach to purchasing new titles and replenishing best sellers to energize the sales force [10][41] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the current downturn in the industry but expressed confidence in emerging stronger and more resilient [13] - The company is working on a sale leaseback of its headquarters, with expectations to complete the sale before September [12] - Management is optimistic about the ongoing sale process and has developed a contingency plan (Plan B) in case the primary sale does not go through [22][23] Other Important Information - The company has executed an agreement to sell the Hilti Complex, with a 90-day due diligence period [12] - Proceeds from the sale are expected to fully pay back the bank, leaving the company with no debt [13] Q&A Session Summary Question: What is the contingency plan if the sale of the Hilti Complex falls through? - Management has a viable Plan B that includes other offers with quick close contingencies, which would also help eliminate bank debt [22][23] Question: Can you provide more details about the buyer group for the Hilti Complex? - The buyer group is a real estate company, and management is optimistic about the ongoing due diligence process [26][27] Question: What is the strategy behind buying new titles given the current inventory levels? - The strategy involves a conservative approach to introduce new titles to energize the sales force without significantly increasing inventory levels [40][41] Question: What is the target net revenue run rate and average from partners during normalization? - Management indicated that rebuilding will take time, and they are implementing various strategies to improve sales and recruitment [44][45] Question: Has there been any serious interest in acquiring the company? - Management has not received any serious unsolicited offers for acquisition, but they would entertain such discussions in the future [47][50] Question: What is the current relationship with the bank? - The relationship has been good, with the bank supporting the company through the process, although amendments have become more restrictive [51][53]

Group 1 - McGraw Hill has filed for an IPO on the NYSE under the ticker "MH," with Goldman Sachs as the lead underwriter [1] - The proceeds from the IPO will be used to pay down debt, with reported revenue of $2.1 billion for the fiscal year ending March 31, reflecting a 7% year-over-year increase, and a net loss of $85.8 million, down from a loss of $193 million the previous year [1] - The company was founded in 1888 and operates in over 100 countries, providing educational services and materials [1] Group 2 - McGraw Hill previously attempted to go public in 2015 but withdrew its application in 2018; it also planned a merger with Cengage in 2019, which was later canceled [2] - After being acquired by Platinum Equity for $4.5 billion from Apollo Global Management, McGraw Hill is now pursuing an IPO again four years later [2] Group 3 - The company recognizes the potential risks posed by generative AI in the education sector, which could lead to increased competition in producing educational materials [3]

Group 1 - The core theme of the conference is "new quality leading commerce, innovation driving development," focusing on commercial innovation and high-quality regional economic development in Northeast China [1][5]. - The conference highlighted the importance of "new quality productivity" as a core driving force for economic growth in the context of high-quality development [5]. - The Northeast region is leveraging innovation to create a new commercial development blueprint, supported by ongoing policy benefits and an improved business environment [5][9]. Group 2 - The conference featured discussions on the need for businesses to transition from "traffic competition" to "demand insight" in response to the evolving consumer landscape [5]. - Keynote speeches addressed the trends of experiential, digital, and green consumption, emphasizing the need for businesses to explore new consumption growth points through technology and scene reconstruction [6]. - The integration of digital technology with traditional industries in Northeast China is projected to unlock over 100 billion yuan in market potential, advocating for accelerated industrial digital transformation [7]. Group 3 - The event included a promotional segment aimed at fostering collaboration between government and enterprises, facilitating resource integration and project implementation [10]. - The conference showcased successful case studies, such as the development of major industry clusters in the Meihekou area, focusing on health, logistics, and cross-border e-commerce [13]. - The "Ji" brand products were highlighted for their unique regional characteristics and quality, indicating a growing market presence and brand value [13]. Group 4 - The conference served as a platform for cross-regional and cross-sector collaboration, injecting strong momentum into commercial innovation and industrial upgrades in Northeast China [15]. - The event aimed to connect various stakeholders, enhancing the dialogue between policy support and market vitality [10]. - The emphasis on innovative business models, such as smart dining and pre-prepared meals, was discussed as a means to revitalize the restaurant industry [7].

Core Viewpoint - The establishment of Jining Automotive Engineering Vocational College is closely linked to the development of the specialized vehicle industry in Liangshan, aiming to cultivate high-quality skilled workers to meet the industry's needs and promote economic growth [12][16]. Group 1: College Overview - Jining Automotive Engineering Vocational College features impressive architecture and offers 49 specialized training rooms across 13 engineering training centers, focusing on automotive engineering and related fields [11]. - The college will begin enrollment in six specialized programs, including automotive styling and modification, new energy vehicle technology, and digital printing technology, starting this fall [11]. Group 2: Industry Connection - Liangshan County is recognized as a specialized vehicle production base, with a production output of 30,800 specialized vehicles from January to April 2025, reflecting a year-on-year growth of 12.37% [11]. - The sales revenue of the specialized vehicle industry in Liangshan reached 7.885 billion yuan, marking a year-on-year increase of 16.39%, indicating steady industry expansion and economic benefits [11]. Group 3: Educational Philosophy and Partnerships - The college adopts a philosophy of "relying on industry to establish programs, and promoting industry through quality education," collaborating with major companies like China National Heavy Duty Truck Group and BYD to enhance industry-education integration [13]. - Over 70 partnerships with companies have been established to deepen cooperation and implement work-study programs, providing talent support for the automotive industry cluster in Jining [13]. Group 4: Skill Development and Innovation - The college's initial programs align closely with the needs of local specialized vehicle companies, aiming to supply skilled technical personnel for production, research, and technical services [14]. - Collaborative research projects between the college and enterprises will focus on intelligent equipment technology and industrial robotics, fostering innovation and technological upgrades within the industry [14]. Group 5: Faculty and Training - The college employs over ten experienced teachers and several PhD-level instructors to ensure a strong educational foundation and effective mentorship for students [15]. - The integration of classroom learning with practical training in company workshops enhances students' theoretical knowledge and practical skills, preparing them for industry standards [14].