Core Points - The well-known calligraphy training institution "Youmo Calligraphy" in Qingdao has suddenly closed multiple campuses, leaving students and parents in distress as the management has gone missing [1][2][3] - Parents report that they had paid significant fees for courses that were abruptly halted, with some students only attending one class out of a total of 48 [2][3] - The institution had previously engaged in promotional activities, encouraging parents to renew courses, which has led to concerns about the potential loss of prepaid tuition fees [3][4] Summary by Sections Closure of "Youmo Calligraphy" - "Youmo Calligraphy" has closed several campuses unexpectedly, with reports of empty classrooms and missing teaching materials [2][3] - Parents are expressing disbelief and frustration over the sudden closure of such a large institution [2][3] Promotional Activities Before Closure - In the months leading up to the closure, "Youmo Calligraphy" conducted promotional campaigns, including a "618" discount event, which encouraged parents to pay for future classes [3] - The institution's operational entity, Qingdao Zhen Shui Tang Education Consulting Co., Ltd., changed its legal representative to someone with restricted high consumption, raising red flags about its financial health [3] Response from Authorities - The local education department is actively involved in addressing the situation, aiming to facilitate the resumption of classes for affected students [5][6] - Proposed solutions include allowing former teachers to continue teaching at the original locations, seeking new investments to resume operations, or transferring students to other training institutions [6]

今年4月，好未来(TAL.US)在披露了其25Q4季度以及2025财年年报后，单日股价曾暴跌18.67%，主要在 于其当期营收及净利表现不及市场预期。 智通财经APP观察到，4月25日，好未来盘中股价触及阶段性低点8.50美元，而后经过近一个月时间其 股价才重新爬回11美元附近，并一路横盘震荡至今。 近日，好未来最新披露了其26Q1季度财报。从关键财务数据来看，本财季，好未来净收入为5.75亿美 元，同比增长38.8%;毛利3.15亿美元，同比增长47.3%。毛利率54.9%，去年同期为51.7%。不论是收入 结构、经营情况还是财务状况，好未来均实现了对去年同期水平的超越。在此背景下，二级市场的反应 无疑成为投资者后续配置的重要风向标。 业绩表现优异，市场依旧"不买账"? 实际上，自今年2月20日盘中达到阶段性高点15.30美元后，好未来的股价便进入到了实质上的震荡滞涨 阶段。 除了今年4月初美股三大股指全线崩跌顺势带崩好未来股价外，对好未来股价影响最大的便是4月24日年 报披露的市场波动。智通财经APP观察到，在4月24日财报披露后，持筹者持续压价抛售，场内出现了 极大的抛压，当日成交量大幅拉升至4282. ...

Group 1 - The article discusses the refund policy of Zhonggong Education, which states that if a student fails the exam, they are entitled to a refund of 17,000 yuan, but in reality, they can only receive 1,000 yuan per year, meaning it would take 17 years to get the full refund [5][6] - The staff at Zhonggong Education confirmed the refund conditions and attributed them to issues with the company's cash flow [5][6] - The article highlights a case where a student, Liu, spent over 20,000 yuan on a training program and faced difficulties in obtaining her refund [5][6] Group 2 - Kewei Medical announced plans to issue H-shares and apply for listing on the Hong Kong Stock Exchange to enhance its global strategy and brand recognition [3] - Shuangdeng Group has passed the listing hearing at the Hong Kong Stock Exchange, with joint sponsors including CICC, Huatai International, and Jianyin International [4] Group 3 - The China Securities Regulatory Commission (CSRC) has imposed a fine of 160 million yuan on *ST Gaohong for serious financial fraud, with the company facing potential delisting due to major violations [7] - Crocs, the manufacturer of "Croc" shoes, reported a projected revenue decline for Q3, leading to a nearly 30% drop in stock price, attributed to cautious consumer spending and rising costs from U.S. tariffs [8][8] Group 4 - The article mentions that the average price of new commercial housing in Hegang has increased from 3,046 yuan per square meter to 3,860 yuan over the past five years, with a significant rise in the number of properties sold to non-local buyers [6] - The report indicates that 512 million people have participated in subsidized vocational skills training in China this year, reflecting a government initiative to enhance the supply of skilled labor [12]

Core Viewpoint - The refund difficulties faced by Zhonggong Education have become a significant issue, with reports indicating that students may wait years to receive their refunds, raising concerns about the company's financial stability and operational practices [2][4]. Group 1: Refund Issues - A student reported that after failing an exam, she was informed that her refund of 17,000 yuan would take 17 years to process, with only 1,000 yuan refunded per year [2]. - The company has implemented a new refund policy where students who paid over 20,000 yuan will receive 1,000 yuan per year, while those under 20,000 yuan will receive 500 yuan annually [3]. - Zhonggong Education's chairman acknowledged the pressure from refund requests, stating that the company is committed to repaying every penny owed to students [4]. Group 2: Financial Performance - In 2024, Zhonggong Education reported revenues of 2.6 billion yuan and a net profit of 180 million yuan, with a net operating cash flow of 560 million yuan [5]. - The company's "pending refund liabilities" reached 580 million yuan, indicating a significant financial burden compared to its revenue and cash flow [5]. Group 3: Customer Complaints - Zhonggong Education has faced over 130,000 complaints on the Black Cat Complaint platform, primarily related to delayed refunds [4].

Core Viewpoint - The recent refund issue involving Zhonggong Education has raised significant concerns among students, as the company has committed to refunding 17,000 yuan over a period of 17 years, with only 1,000 yuan refunded annually [1] Company Summary - Zhonggong Education has stated that the installment refund approach is due to financial difficulties, and the company has promised to improve its financial situation to shorten the refund period [1] - The company is currently under investigation by relevant authorities, which have demanded that Zhonggong Education properly address the refund issue and protect the legal rights of students [1] Industry Summary - Industry experts have called for educational training institutions to enhance financial management practices to prevent similar incidents from occurring in the future [1]

Group 1 - The core viewpoint of the article highlights the financial performance and market position of Tongcheng Tongmei (VSA), a leading provider of IT-focused STEM education services in China [1] - As of August 9, the stock price of Tongcheng Tongmei increased by 2.29%, reaching $1.79 per share, with a total market capitalization of approximately $84.75 million [1] - Financial data indicates that for the year ending December 31, 2024, Tongcheng Tongmei's total revenue is projected to be 1.171 billion RMB, representing a year-on-year decrease of 14.86% [1] Group 2 - The company reported a significant decline in net profit, with a loss of 587 million RMB, reflecting a staggering year-on-year decrease of 6671.16% [1] - Tongcheng Tongmei focuses on providing STEM supplementary education for students aged 3 to 18, utilizing an innovative educational platform that combines real-time remote teaching, classroom tutoring, and online learning modules [1] - The company's mission is to promote learning through coding, embracing the latest trends in STEM education and technology, while fostering children's logical thinking and learning abilities [1]

Group 1 - The China Consumer Association reported a total of 995,971 consumer complaints in the first half of 2025, a year-on-year increase of 27.23%, with 509,655 cases resolved, recovering economic losses of 452 million yuan [1] - Complaints related to financial services increased from 0.24% to 0.76% of total complaints, amounting to 7,564 cases in the first half of 2025 [1] - The education and training services category saw a significant rise in complaints, totaling 44,126 cases, up 43.7% from 30,712 cases in the same period last year [1] Group 2 - The rise of misleading advertisements for "high-paying part-time jobs" has led to numerous consumer disputes, with issues including vague contract terms and unreasonable refund policies [2] - Many training institutions lure consumers with false promises and induce them to take out loans, leading to significant consumer complaints regarding "training loans" [2][3] - A specific case highlighted involved a consumer who was misled into believing in a "no-interest" installment plan, only to discover hidden interest charges totaling 2,005.84 yuan [3] Group 3 - Judicial cases related to "training loans" have emerged, with courts ruling on disputes arising from misleading educational contracts and the imposition of penalties for contract breaches [4] - Regulatory bodies have previously warned consumers about the risks associated with "training loans," emphasizing the need for vigilance against false promises and hidden costs [5] Group 4 - The market for skill training loans is substantial, with various lending institutions and consumer finance companies involved [6] - Recommendations for financial regulators include standardizing the "pay after learning" model and ensuring training institutions provide clear risk disclosures before loan agreements [6] Group 5 - Consumer finance institutions are advised to exercise caution in their partnerships and ensure compliance with regulations to protect consumer rights [7] - The increase in complaints and the prevalence of "training loan" traps highlight the need for enhanced consumer protection measures and regulatory enforcement [7]

校企联盟高校授牌仪式 2025年8月5日，由新东方教育科技集团主办的第三届人才联合培养与校企联盟合作大会在河南郑州举 行。本次大会以"携手产学研用，共育时代英才"为主题，汇聚国内近百所高校代表、行业专家和企业负 责人，共同探讨技术变革与产业升级背景下高校毕业生就业的新路径，深化校企合作机制，为促进高质 量充分就业提供创新解决方案。 聚焦就业新挑战 新东方教育科技集团执行总裁兼首席财务官杨志辉介绍，历经32年创新发展，新东方已形成涵盖教育服 务、生活服务、文旅服务三大领域的业务格局，并将在未来继续进行业务创新拓展，开辟更加多元、优 质的就业岗位，为青年人才提供广阔的发展空间。 高校毕业生就业协会副会长、沈阳师范大学原副校长刘铸在大会致辞中表示，当前我国经济社会发展进 入战略机遇和风险挑战并存的新阶段，人口老龄化、区域人口增减分化以及经济数字化转型等趋势对就 业的影响逐步加深，结构性就业矛盾日益凸显。他认为，当务之急是建立高校学科专业结构动态调整机 制和"招培就"一体工作模式。而依托校企联盟促进供需对接，是推动高等教育供给侧结构性改革、解决 毕业生就业问题的重要途径。 "就业问题关乎莘莘学子未来的人生之路。新东方 ...

Core Viewpoint - The recent joint issuance of the "Guiding Opinions on Financial Support for Boosting and Expanding Consumption" by six Chinese government departments aims to enhance consumer spending as a key driver of economic growth, focusing on three main areas: goods consumption, service consumption, and new consumption [1][2]. Summary by Relevant Sections Financial Support for Consumption - The "Opinions" outline 19 key measures across six areas to provide comprehensive financial support for consumption growth, utilizing tools such as credit, bonds, and equity financing [1][2]. - Emphasis is placed on "precise drip irrigation" of financial support, particularly in service consumption sectors like culture, tourism, sports, and education, with innovative financing models and extended loan terms [1]. Consumer Market Dynamics - China's consumer potential is significant, with retail sales reaching 41,326 billion yuan in May, a year-on-year increase of 6.4%, marking the highest monthly growth rate in 2024 [2]. - The growth was driven by policies encouraging the replacement of old goods and early promotional activities for the "618" shopping festival, which boosted consumer enthusiasm [2]. Role of Financial Institutions - Financial institutions are urged to enhance their service capabilities and focus on key consumption areas to meet diverse financing needs, thereby facilitating high-quality consumption supply [2][3]. - The collaborative efforts of multiple departments and effective policy implementation are expected to provide strong support for consumption's foundational role in economic development [3].

这个夏天，朝晖街道联合杭青少幼教部推出的暑托营，正以"托、管、教"三位一体的暖心服务，成 为家长们眼中的"及时雨"。 7月初开营的暑托营共设四期，课程设计既有《疯狂小博士》《积木建构》等兴趣课，也有《旧衣 物星际时装秀》等特色活动。"开班就成了'抢手货'，这是居民对我们的信任。"朝晖街道大运河幸福家 园运营负责人表示，下一步街道将继续打磨服务细节，让暑托营真正成为孩子们的快乐天地、家长们的 安心港湾。 ...