证券日报网讯 12月19日晚间，学大教育发布公告称，根据有关规定，节余资金（包括利息收入）低于 五百万元人民币或者低于项目募集资金净额1%，可以豁免履行相应的审议程序。鉴于公司在募集资金 专户所存放的募集资金已按照规定用途全部使用完毕，公司募集资金专户余额为1，030，807.04元（均 为募集资金存放期间产生的利息），公司豁免履行相应审议程序，将直接对上述节余募集资金永久性补 充公司流动资金，转入公司银行基本户。在节余募集资金永久补充流动资金后，公司将注销存放募集资 金的专项账户。专项账户注销后，公司与保荐机构、募集资金专项账户开户银行签署的相关募集资金三 方监管协议亦将予以终止。 （编辑 任世碧） ...

每经AI快讯，中公教育（SZ 002607，收盘价：2.82元）12月19日晚间发布公告称，公司第七届第八次 董事会会议于2025年12月19日在北京市海淀区学清路23号汉华世纪大厦B座会议室以现场结合通讯表决 的方式召开。会议审议了《关于聘任副总经理的议案》等文件。 （记者 曾健辉） 截至发稿，中公教育市值为174亿元。 每经头条（nbdtoutiao）——海南封关首日直击：为中国探路，全球最大自贸港如何重塑开放边界？ 2025年1至6月份，中公教育的营业收入构成为：教育培训占比97.49%，其他业务占比2.51%。 ...

Group 1: Overview of the Education Industry - The report highlights a potential recovery in the higher education sector, driven by improved quality standards and the reintroduction of profit-oriented licenses, particularly in Hunan province, which may serve as a pilot for national implementation [2][7] - The report anticipates that the operational efficiency of higher education companies will gradually improve as the investment cycle peaks, leading to a dual benefit of profit recovery and valuation enhancement in the sector [2][7] Group 2: Vocational Education Demand - There is a significant increase in demand for vocational training due to the rising number of young people entering the labor market, particularly high school graduates and college dropouts, which is expected to boost the vocational training market to a scale of 80 billion yuan in 2025, with a penetration rate of only 5% [3][8] - Companies such as China Oriental Education and Fenbi are recommended for investment as they adapt their strategies to meet the growing demand for skills training [3][8] Group 3: Training Industry Dynamics - The training industry has undergone a major restructuring, with a 96% reduction in capacity due to regulatory changes, leading to a supply shortage that has not yet improved significantly [4][9] - The report suggests that the industry is transitioning from a fully competitive market to a "franchise" model, which is expected to accelerate capacity expansion and revenue growth for compliant institutions [4][9] Group 4: Investment Recommendations - The report recommends focusing on companies in the higher education sector such as Yuhua Education, Zhongjiao Holdings, and China Kapei, as well as vocational education companies like New Oriental and TAL Education, due to their potential for growth and recovery in profitability [12][27] - Specific investment opportunities are highlighted, including the potential for profit-oriented licenses to enhance returns for private higher education institutions [12][27]

Core Viewpoint - The report from Guosheng Securities indicates that Xueda Education is showing initial signs of a performance turning point, with vocational education being developed as a second growth curve [1] Financial Performance - In Q3 2025, the company achieved operating revenue of 697 million yuan, representing a year-on-year increase of 11.19% [1] - The net profit attributable to the parent company was 1.43 million yuan, a significant year-on-year decrease of 89.90%, attributed to increased teacher labor costs due to expansion [1] Future Revenue Assurance - The company's contract liabilities reached 1.204 billion yuan by the end of Q3 2025, marking a year-on-year growth of 22.48%, with a substantial increase from Q2's 3.65%, indicating strong future revenue recognition [1] Debt Improvement - The historical legacy debt situation of the company has significantly improved [1] Industry Outlook - Long-term benefits are expected from an optimized competitive landscape in the industry, with the company's personalized education business continuing to expand [1] - The company is actively developing vocational education, cultural reading, and medical education integration as new growth engines while consolidating its core personalized education business [1] Investment Rating - The report maintains a "Buy" rating, reflecting optimism about the company's future growth potential [1]

卓越教育集团(03978)发布公告，于2025年12月18日，受限制股份单位计划受托人依据受限制股份单位 计划于公开市场上购买合共11.1万股股份(股份购买)。 ...

Core Insights - A new company, Xuzhou Liujin Zizhu Musical Instruments Co., Ltd., has been established with a registered capital of 300,000 RMB [1] Company Overview - The legal representative of the company is Xu Wei [1] - The business scope includes licensed projects such as online cultural operations (limited to music) and commercial performances, which require approval from relevant authorities [1] - General business activities include retail and wholesale of musical instruments, sales of musical instrument accessories, maintenance and tuning of musical instruments, supply chain management services, and internet sales (excluding goods that require licenses) [1] Additional Services - The company also offers technical services, development, consulting, and promotion, as well as information technology consulting services [1] - Retail of computer hardware and software, information system integration services, and sales of electronic products and network equipment are included in the business scope [1] - The company provides intellectual property services (excluding patent agency services), bamboo product manufacturing and sales, and educational consulting services (excluding licensed educational training activities) [1] Cultural and Artistic Focus - The company is involved in the retail and sales of arts and crafts, excluding ivory and its products, and offers personal internet live streaming services [1] - It also focuses on the protection of intangible cultural heritage and the manufacturing of musical instruments, operating independently based on its business license for projects that do not require approval [1]

来源：大众网 12月15日，2025福布斯中国教育行业系列评选结果揭晓。新东方国际教育凭借卓越的教育理念、创新的 服务模式及广泛的行业影响力，荣获"2025福布斯中国国际化教育影响力品牌"。 在三十余年发展历程中，新东方国际教育以教学质量与师资建设为根基，精准对接中国家庭日趋多元的 国际教育需求，持续革新教育模式与产品体系。以培育学生全球视野与国际胜任力为目标，其持续为不 同年龄段、不同需求的学习者提供一站式国际教育解决方案；同时积极拥抱人工智能等前沿科技，打造 线上线下融合的智能学习系统与工具，为学生提供更加高效、个性化的学习体验。 作为国际教育领域的引领者，新东方国际教育始终深耕行业生态建设，连续十年编撰发布中国学生留学 备考白皮书，以专业视角输出考情分析与备考指南；联合媒体推出"视界·讲述国际学校里的100个故 事"纪录片，生动呈现国际教育实景，增进公众认知；举办中外合作办学研讨会，携手各界探索教育合 作新模式，为行业高质量发展赋能。 此次获奖标志着业界对新东方国际教育长期贡献与创新实践的充分肯定。新东方国际教育将以此为动 力，持续推动产品创新、服务升级与生态构建，为行业创新发展注入强劲动力，助力中国教 ...

Group 1 - The core issue of招商 (franchise recruitment) often lies in unclear strategy, as demonstrated by a restaurant chain that spent 8 million on recruitment without a clear product positioning, leading to confusion among potential franchisees [3] - Successful招商 requires a systematic approach, including strategic brand and product positioning to create a sustainable cooperation model, shifting from passive waiting to active selection of partners [3] - The traditional model of "selling products for profit" has become ineffective post-pandemic; innovative models like "free mode + blockbuster strategy" can significantly enhance recruitment success, as seen in an education institution that achieved over 30 million in contract value from a single event [3] Group 2 - Effective招商会 (recruitment events) can be transformed into profit-generating machines through meticulous planning, as evidenced by a health company that achieved a 42% signing rate using a standardized process of data screening and private domain cultivation [4] - Successful招商 requires three levels of preparation: precise customer profiling to ensure quality invitations, compelling case data to build trust, and tiered policy designs to encourage on-site decision-making [4] - Building an ecosystem for招商 is crucial; a retail chain linked over 5,000 franchisees through a points management system and achieved a compound annual growth rate of 68% by creating standardized operations, digital management tools, and ongoing training mechanisms [4]

智通财经APP讯，行动教育(605098.SH)发布公告，公司拟以2000万元至2500万元回购股份，回购价格 不超过45元/股，将用于员工持股计划或股权激励。 ...

Core Viewpoint - The founder of New Oriental, Yu Minhong, addressed the recent controversy surrounding his trip to Antarctica, emphasizing the trip's purpose was to support a friend's charity project and to explore potential travel options for the company’s tourism initiatives [3][6]. Group 1 - Yu Minhong shared videos of penguins and sunrises from Antarctica during a live broadcast, providing insights into the region's geography [6]. - The trip to Antarctica was partly motivated by New Oriental's involvement in cultural tourism, aiming to find more affordable travel solutions for potential tourists [6]. - The controversy arose after a letter celebrating New Oriental's 32nd anniversary was sent from Antarctica, leading to employee dissatisfaction regarding high work demands [6].