记者 张熠 继3日上海市民艺术夜校秋季班报名火爆后，昨天12时，首次推出的上海市民日校启动报名。短短1 分钟内，27门课程被一抢而空，瞬时在线抢课人数达16.36万。最受欢迎的壁球课程仅4秒就被抢光。 "日校参与人次和抢课的火爆程度，超出预期。半小时内成功报名2815人，占计划招生数的 46%。"上海市群众艺术馆馆长吴鹏宏分析，这一热度虽然无法和3日夜校春季班117万人的抢课纪录媲 美，但从课程秒光速度与报名的年龄段覆盖面看，"广大市民对日校培训存在迫切需求，市民日校大有 可为"。 据市群艺馆统计，日校学员中，"80后"占比最高，为33.53%；其次是占比32.72%的"70后"；相较之 下，夜校学员中"90后"占比最高，为42.83%。而在课程类型上，夜校学员青睐体育课程，如壁球、成人 射箭、普拉提等，其次是爵士鼓、古琴、钢琴等音乐类课程，以及陪诊师入门考证积分班、人工智能训 练师考证积分班等职场类课程。运动健康、品质生活以及职业技能类课程也同样受到日校学员的欢迎。 日校和夜校通过时间上的互补，空间上的错峰，共同为广大市民构建全天候服务闭环。从创立以 来，夜校、日校始终坚持500元/12次课的公益定价，这背 ...

证券之星消息，根据天眼查APP数据整理，近日，北京中公智学科技有限公司成立，法定代表人为李德 林，注册资本100万元，经营范围包含：许可项目：互联网信息服务；广播电视节目制作经营；职业中 介活动；出版物批发；出版物零售。(依法须经批准的项目，经相关部门批准后方可开展经营活动，具 体经营项目以相关部门批准文件或许可证件为准)一般项目：教育咨询服务(不含涉许可审批的教育培训 活动)；业务培训(不含教育培训、职业技能培训等需取得许可的培训)；技术服务、技术开发、技术咨 询、技术交流、技术转让、技术推广；信息技术咨询服务；信息咨询服务(不含许可类信息咨询服务)； 科技中介服务；社会经济咨询服务；企业管理咨询；健康咨询服务(不含诊疗服务)；计算机软硬件及辅 助设备零售；计算机软硬件及辅助设备批发；计算机系统服务；软件开发；人工智能应用软件开发；软 件销售；软件外包服务；人工智能基础软件开发；会议及展览服务；组织文化艺术交流活动；广告设 计、代理；广告制作；广告发布；人力资源服务(不含职业中介活动、劳务派遣服务)。(除依法须经批准 的项目外，凭营业执照依法自主开展经营活动)(不得从事国家和本市产业政策禁止和限制类项目的经 ...

Core Viewpoint - The company reported strong financial performance in FY26Q1, with significant year-on-year growth in revenue and net profit, indicating robust demand and operational efficiency [3][6]. Group 1: Financial Performance - In FY26Q1, the company achieved revenue of $575 million, a year-on-year increase of 38.8% [3]. - The net profit attributable to shareholders was $31.28 million, reflecting a year-on-year growth of 174.4% [3]. - Non-GAAP net profit reached $42.05 million, up 42.0% year-on-year [3]. Group 2: Learning Services and Other - The offline small class courses remain the largest revenue contributor in the learning services segment, with stable profit margins [4]. - Enrollment in offline small class courses increased year-on-year, with a retention rate of approximately 80% [4]. - Deferred revenue at the end of FY26Q1 was $968 million, showing a year-on-year growth of 50.8%, indicating resilient demand [4]. Group 3: Content Solutions - Learning device revenue continued to grow in FY26Q1, although it saw a quarter-on-quarter decline due to seasonal factors [5]. - The average selling price of learning devices decreased, attributed to changes in product mix, with the launch of three new series [5]. - The overall weekly active rate for learning devices was around 80%, with an average daily usage time of 1 hour per device [5]. Group 4: Profitability Metrics - The company’s gross margin in FY26Q1 was 54.9%, an increase of 3.1 percentage points year-on-year [6]. - The selling expense ratio was 31.4%, up 1.9 percentage points, primarily due to increased online marketing investments [6]. - Non-GAAP operating profit margin was 4.4%, reflecting a year-on-year increase of 4.2 percentage points [6].

Core Viewpoint - The stock price of Xueda Education reached 54.92 yuan as of August 4, 2025, reflecting a 1.18% increase from the previous trading day, with a trading volume of 285 million yuan and a turnover rate of 4.28% [1] Company Summary - Xueda Education's main business is education training services, covering K12 personalized tutoring and vocational education, with 96.83% of its revenue derived from education training service fees according to the 2024 financial report [1] - As of July 31, 2025, the company has repurchased a total of 2.17 million shares, accounting for 1.78% of the total share capital, with a total repurchase amount of 111 million yuan at prices ranging from 48.50 yuan to 54.94 yuan [1] - In the first quarter of 2025, the company reported revenue of 864 million yuan and a net profit attributable to shareholders of 73.77 million yuan [1] Market Activity - On August 4, 2025, the net outflow of main funds was 25.58 million yuan, with a cumulative net outflow of 9.20 million yuan over the past five days [1]

Group 1 - The stock price of Chuangye Heima reached 34.93 yuan as of August 4, 2025, with an increase of 0.72 yuan, representing a rise of 2.10% [1] - The stock hit a high of 35.12 yuan and a low of 33.65 yuan during the trading session, with a trading volume of 110,989 hands and a total transaction amount of 385 million yuan [1] - Chuangye Heima operates in sectors including education, venture capital, and online education, primarily providing entrepreneurial training, enterprise acceleration services, and industry resource matching [1] Group 2 - On the morning of August 4, Chuangye Heima's stock experienced a rapid rebound, with a rise of over 2% within 5 minutes and a transaction amount of 61.3 million yuan [2] - On August 4, the net inflow of main funds was 17.14 million yuan, accounting for 0.33% of the circulating market value [2] - Over the past five trading days, the cumulative net outflow of main funds was 26.33 million yuan, representing 0.51% of the circulating market value [2]

Core Viewpoint - New Oriental (EDU.US) reported a strong performance in FY2025 Q4, with total net revenue reaching $1.24 billion, reflecting a year-over-year growth of 9.4% [1] Financial Performance - Total net revenue for FY2025 Q4 was $1.24 billion, up 9.4% year-over-year [1] - Excluding self-operated products and live e-commerce from Dongfang Zhenxuan, total revenue was $1.09 billion, showing an 18.7% year-over-year increase [1] Business Outlook - Dongwu Securities' latest report indicates that the company's core business is growing steadily, and operational efficiency is continuously improving [1] - The normalized shareholder return mechanism is expected to create long-term value for shareholders [1]

Investment Rating - The report maintains a "Buy" rating for New Oriental-S (09901.HK) [1][3] Core Insights - The company's core business profitability is improving, and a new shareholder return plan demonstrates confidence in future performance [1][3] - The report adjusts the Non-GAAP net profit forecasts for FY2026 and FY2027 down to $580 million and $630 million respectively, with an expectation of $690 million for FY2028 [3] - The current stock price corresponds to a PE ratio (Non-GAAP) of 12, 11, and 10 times for FY2026 to FY2028 [3] Financial Performance Summary - FY2025Q4 total net revenue reached $1.24 billion, a year-on-year increase of 9.4%, while excluding self-operated products and live e-commerce, total revenue was $1.09 billion, up 18.7% year-on-year [8] - The operating cash inflow for FY2025Q4 was $399 million, with capital expenditures of $65.9 million [8] - The company expects a 2% to 5% year-on-year growth in net revenue for FY26Q1 and a 5% to 10% growth for FY2026 [8] - The core business showed robust performance, with revenue from overseas exam preparation and consulting growing by 14.6% and 8.2% respectively, and domestic exam preparation for adults and college students increasing by approximately 17.0% [8] - Non-GAAP net profit for FY2025Q4 was $98.08 million, a year-on-year increase of 59.4%, indicating significant improvement in core education business profitability [8] Financial Forecasts - Total revenue projections for FY2024A to FY2028E are $4.314 billion, $4.900 billion, $5.372 billion, $5.854 billion, and $6.277 billion respectively, with year-on-year growth rates of 43.89%, 13.60%, 9.63%, 8.96%, and 7.24% [1][9] - The forecasted Non-GAAP net profits for FY2024A to FY2028E are $464 million, $517 million, $577 million, $632 million, and $685 million, with growth rates of 79.15%, 11.44%, 11.57%, 9.60%, and 8.38% respectively [1][9] - The report highlights a significant increase in operating profit for Non-GAAP, which is projected to reach $688.83 million by FY2028 [9]

Core Viewpoint - New Oriental's financial report for the fourth quarter and full year of fiscal year 2025 shows a revenue increase but a significant decline in net profit due to goodwill impairment [2][7]. Financial Performance - For the fourth quarter of fiscal year 2025, revenue was $1.243 billion, a year-on-year increase of 9.4%, while net profit was $7.1 million, down 73.7% [2][3]. - Excluding the Oriental Selection business, the fourth quarter revenue was $1.089 billion, up 18.7% year-on-year [2]. - For the entire fiscal year 2025, revenue reached $4.9 billion, a 13.6% increase, and net profit was $371.7 million, up 20.1% [3]. Business Segments - The overseas examination preparation and consulting businesses saw revenue growth of approximately 14.6% and 8.2% respectively in the fourth quarter [4]. - The growth rate of the overseas study business has slowed compared to previous quarters, with earlier growth rates of 18.8%, 21.1%, and 7.1% [5]. - New Oriental's new education business grew by 32.5% in the fourth quarter, with non-subject tutoring services expanding to nearly 60 cities [5]. Cost and Impairment - The significant drop in net profit was primarily due to a $60.3 million goodwill impairment related to kindergarten acquisitions made 8-10 years ago [7]. - Operating costs and expenses for the fourth quarter were $1.252 billion, an 11.2% increase year-on-year, with stock-based compensation expenses rising by 11% to $28.6 million [7]. Future Guidance - New Oriental expects a revenue growth rate of 2%-5% for the first quarter of fiscal year 2026 and 5%-10% for the entire fiscal year [7]. - The company has adjusted its business guidance to include the Oriental Selection business, which has undergone restructuring [8].

Core Viewpoint - New Oriental's financial report for the fourth quarter and full year of fiscal year 2025 shows a revenue increase but a significant decline in net profit due to goodwill impairment, indicating challenges in certain business segments and a strategic shift towards AI investments and new educational solutions [1][3][6]. Financial Performance - For the fourth quarter of fiscal year 2025, revenue reached $1.243 billion, a year-on-year increase of 9.4%, while net profit was $7.1 million, down 73.7% due to a $60.3 million goodwill impairment [1][2]. - Excluding the Oriental Selection business, the fourth quarter revenue was $1.089 billion, reflecting an 18.7% year-on-year growth [1]. - For the entire fiscal year 2025, total revenue was $4.9 billion, up 13.6%, and net profit was $371.7 million, a 20.1% increase [2]. Business Segment Performance - The overseas study preparation and consulting businesses saw revenue growth of approximately 14.6% and 8.2%, respectively, although growth rates have slowed compared to previous quarters [3]. - The new education business experienced a 32.5% revenue increase, with significant engagement in non-subject tutoring across 60 cities [3][4]. - The cultural tourism business reported a 71% revenue growth, driven by domestic and international study tours [4][5]. Cost and Impairment Issues - The significant drop in net profit was primarily attributed to a $60.3 million goodwill impairment related to past acquisitions of kindergartens, reflecting changes in policy and market conditions [6]. - Operating costs and expenses for the fourth quarter were $1.252 billion, up 11.2%, with stock-based compensation expenses increasing by 11% to $28.6 million [6]. Future Guidance - The company anticipates a revenue growth rate of 2%-5% for the first quarter of fiscal year 2026 and 5%-10% for the entire fiscal year, indicating a more stable and sustainable growth phase [6][7]. - The guidance now includes the Oriental Selection business, reflecting its operational stabilization after restructuring [7].

36氪获悉，粉笔发布2025年半年度业绩预告，预计上半年营收不少于人民币14.72亿元，净利润不少于 2.15亿元，经调整净利润不少于2.60亿元。 大公司： 丰立智能：上半年归母净利润322.44万元，同比下降68.79% 36氪获悉，丰立智能公告，公司上半年实现营业收入2.42亿元，同比增长0.25%；归属于上市公司股东 的净利润322.44万元，同比下降68.79%；基本每股收益0.03元。 瑞可达：人形机器人产品现已开始小批量供货，预计2025年销售收入约1000万 36氪获悉，瑞可达公告，近期有媒体关注到公司有应用于人形机器人的产品，已小批量供货中。截至目 前，公司人形机器人产品经过前期的研发，现已开始小批量供货，预计2025年该业务板块的销售收入约 1000万，占2024年营业收入比例为0.41%，由于目前尚处于产业初期，在公司的实际业绩中占比较小， 该业务板块当年实现的销售收入尚存在不确定性。 滴滴顺风车联合上海闵行警方，打击多款顺风车外挂 36氪获悉，今年5月，闵行公安分局新镇派出所接到滴滴报案称，有黑产利用外挂软件帮助顺风车车主 快速抢到订单，严重破坏了顺风车抢单的公平性和交易秩序。近日，近 ...