机构观点机构对ST传智关注度一般，当前舆情偏中性。根据机构预测，2025年公司预计净利润亏损 2000万元，营收2.69亿元；2026年有望扭亏为盈，预测净利润3000万元。评级方面，机构调研频率较 低，中性评级占主流。行业层面，教育板块近期有所上涨，但ST传智基本面仍受退市风险压制，机构 对其"摘帽"预期持谨慎态度。 以上内容基于公开资料整理，不构成投资建议。 经济观察网ST传智发布2025年业绩预告，预计全年归母净利润亏损7000万元至1亿元，扣非净利润亏损 8200万元至1.12亿元。业绩亏损主要因计提资产减值准备。公司正推进"数字化人才职业培训+学历教 育"双轨发展，其中大同数据科技职业学院已于2025年迎来新生，并收购新加坡辅仁国际学校拓展国际 业务。若2025年财报正式披露后净利润未能转正或营收低于3亿元，公司可能面临退市风险。 股票近期走势近7个交易日，ST传智股价呈现震荡上行态势，区间累计涨幅3.72%，振幅8.01%。成交量 在2月10日显著放大至566.21万股，换手率2.05%，但后续交易日缩量，显示市场情绪分化。资金流向方 面，2月10日主力净流出273.66万元，而2月9日主力净流入 ...

根据公告，公司持股5%以上的股东南京星纳赫源创业投资合伙企业计划在2026年3月5日至6月4日期 间，以集中竞价或大宗交易方式减持不超过60.93万股(占公司总股本的0.5%)。减持原因为股东自身资金 安排，且不会导致公司控制权变更。 经济观察网学大教育（000526）在2026年涉及股东减持计划及向半导体职业教育领域的战略投资布局。 高管变动 学大教育于2026年1月至2月宣布多项投资，以拓展半导体相关职业教育场景。公司拟通过子公司向江阴 启芯领航半导体有限公司增资不超过3500万元，投资完成后预计持股6.48%，旨在布局EDA工具国产化 赛道，丰富职业教育业务。此外，公司通过子公司参与投资上海天数智芯半导体股份有限公司，后者为 通用GPU企业，以强化集成电路产业人才培育。这些投资预计为公司长期发展注入新动能。 以上内容基于公开资料整理，不构成投资建议。 公司项目推进 ...

Core Viewpoint - The Ministry of Education has issued the "Opinions on Deepening the Reform of Key Elements in Vocational Education Teaching," aiming to transform talent cultivation from traditional knowledge transmission to comprehensive ability enhancement, promoting a systematic leap in vocational education and creating a high-skilled talent cultivation ecosystem [6][10]. Group 1: Reform Tasks - Five major reform tasks are proposed: dynamic adjustment of professional settings, scientific design of course combinations, optimization of textbook presentation, refinement of teacher capability lists, and construction of industry-education integration internship training bases [6][11][12][13][14][15][16]. - The dynamic adjustment of professional settings will focus on high-skilled talent cultivation, utilizing big data and AI for precise predictions of talent supply and demand, and establishing a rapid response channel for new professional additions [11][12]. - The scientific design of course combinations will integrate the latest standards and technologies into professional courses, ensuring alignment with industry needs and enhancing the curriculum structure [13]. - The optimization of textbook presentation will involve collaborative development among schools, enterprises, and industries, introducing diverse formats and digital resources [14]. - The refinement of teacher capability lists will focus on enhancing teachers' professional development and establishing a dual-flow mechanism between teachers and enterprises [15]. - The construction of internship training bases will promote hands-on experience in real production environments, supporting the development of practical skills [16]. Group 2: Reform Mechanisms - The reform mechanisms will include the promotion of high-skilled talent cluster cultivation plans, establishing a leadership mechanism involving key enterprises and high-level schools, and creating a linked reform mechanism for teaching key elements [7][18]. - The high-skilled talent cluster cultivation plan will be implemented at national and provincial levels, aligning with local industry needs and enhancing collaboration among educational institutions and enterprises [17]. - The leadership mechanism will involve a team of heads from leading enterprises, high-level schools, and industry organizations to oversee the reform implementation [17]. - The linked reform mechanism will ensure a systematic approach to integrating professional, course, textbook, teacher, and internship training elements [18]. Group 3: Implementation and Goals - The overall goal is to establish an advanced standard system for vocational education by 2027 and to create a practical model of vocational education with Chinese characteristics by 2035 [10]. - The implementation will require active participation from educational administrative departments, vocational schools, and industry enterprises, focusing on collaborative efforts to enhance the quality of vocational education [18].

Core Viewpoint - China Oriental Education (00667) has seen a significant stock price increase of 6.39%, currently trading at HKD 6.49, with a trading volume of HKD 19.758 million. The company anticipates a substantial rise in net profit and adjusted net profit for the fiscal year ending December 31, 2025, with an expected increase of no less than 46% and no more than 51% compared to the fiscal year ending December 31, 2024 [1][5]. Financial Projections - The company expects net profit and adjusted net profit for the fiscal year ending December 31, 2025, to be approximately RMB 5.13 billion and RMB 5.25 billion, respectively, reflecting a growth of at least 46% but not exceeding 51% compared to the previous year [1][5]. - Guosen Securities projects that the company will achieve net profit attributable to shareholders of RMB 7.9 billion, 11.0 billion, and 13.8 billion for the years 2025, 2026, and 2027, respectively, with corresponding growth rates of 53%, 39%, and 26% [1][5]. Business Strategy - The company is focusing on the continuous recovery of its mature professional recruitment and profitability, which is seen as having strong certainty. Additionally, the steady development of emerging programs is expected to replicate successful experiences, creating new growth momentum [1][5].

Core Viewpoint - China Oriental Education (00667) has seen a stock price increase of over 5%, currently at HKD 6.43, with a trading volume of HKD 12.4977 million. The company anticipates a significant increase in net profit and adjusted net profit for the fiscal year ending December 31, 2025, with expected growth of at least 46% but not exceeding 51% compared to the fiscal year ending December 31, 2024 [1] Group 1 - The company expects net profit to increase by approximately RMB 513 million and adjusted net profit to increase by approximately RMB 525 million for the fiscal year ending December 31, 2025 [1] - Guosen Securities believes that the company's mature professional enrollment and profitability recovery have strong certainty, while emerging programs are steadily being developed, which may replicate successful experiences to create new growth momentum [1] - The firm projects that the company will achieve net profit attributable to shareholders of RMB 790 million, 1.1 billion, and 1.38 billion for the years 2025-2027, with growth rates of 53%, 39%, and 26% respectively [1]

Group 1 - The core viewpoint of the article is that China Oriental Education (00667) has seen a significant increase in its stock price, rising over 5% to HKD 6.43, with a trading volume of HKD 12.4977 million [1] - The company anticipates that its net profit and adjusted net profit for the fiscal year ending December 31, 2025, will increase by no less than 46% but not more than 51% compared to the net profit of approximately RMB 513 million and adjusted net profit of approximately RMB 525 million for the fiscal year ending December 31, 2024 [1] - Guosen Securities believes that the company's mature professional enrollment and profitability are showing strong recovery certainty, while its emerging programs are steadily being developed, which may replicate successful experiences to create new growth momentum [1] Group 2 - The firm projects that the company will achieve a net profit attributable to shareholders of RMB 790 million, 1.1 billion, and 1.38 billion for the years 2025-2027, with corresponding growth rates of 53%, 39%, and 26% [1] - The adjustments in profit forecasts are primarily due to the later timing of the 2026 Spring Festival, which has led to an earlier layout for the 2025 Spring recruitment [1]

健全终身学习的成长体系，助力人才能力跃升。强化数字化学习平台与资源建设，依托国家智慧教育平 台、职业教育专业教学资源库等公共基础设施，联合行业企业、高校及科研机构，共同开发优质在线课 程、虚拟仿真实训项目及案例库，推动学习资源动态更新与共建共享。加大对企业开展员工数字技能提 升培训的激励与支持，鼓励地方政府配套提供培训补贴，落实并优化教育经费税前扣除等政策。营造终 身学习文化与社会氛围，通过举办技能竞赛、技术沙龙、公益讲座等活动，提升从业人员学习主动性与 职业成长内驱力。 完善多元协同的评价体系，激发人才创新活力。设立智能制造专项人才奖励基金，对推动产业技术突破 的团队给予资金支持。在制造业领域完善以创新价值、能力、贡献为导向的人才评价体系，鼓励行业协 会、龙头企业牵头开发国家认可的智能制造技能标准和评价规范，将人工智能应用能力纳入制造业技术 人才职称评审指标。视实际情况打通在职称评审、工资待遇、落户积分等方面的限制，对作出突出贡献 的一线技能人才给予职称破格晋升机会。 （文章来源：经济日报） 也要看到，我国的智能制造人才供给仍存在缺口，高端复合型研发人才短缺、一线技能人才智能化适配 度不足、人才区域分布存在 ...

来源：光明日报 高技能人才是支撑产业升级与高质量发展的关键力量，而扎实的实践教学则是其培养的核心路径。随着 职业教育培养层次提升、产业技术迭代加速，新要求与新挑战交织，河北工业职业技术大学历经九年探 索，联合150余家行业企业，构建了"微工厂、虚拟厂、厂中场"联动的实践教学新体系。这一探索，既 是对"如何办好职业本科"的应答，更有助于破解学生高质量就业与可持续发展的双重难题，实现人才培 养与产业需求精准对接。 改革的背后，是对职业教育实践教学痛点的清醒认知。此前，"场景不真、内容不实、过程不深"制约着 职业教育实践教学质量提升。企业反映，面对智能生产线，学生懂原理却难上手；学生也感觉，校内所 学技能与岗位实际需求存在脱节。这集中体现为三个突出矛盾：教学场景与生产实际脱节，学生入职适 配难；高危、高成本核心工艺实训难实现，关键技能有短板；校企协同深度不够，学生实战能力难提 升。唯有破解这些难题，职业本科才能立品牌、显特色，真正实现提质赋能。基于此，一场以"真"为导 向、以"融"为路径的场景变革，在校园内外同步展开。 学校探索在校内建"微工厂"，把车间"搬进"课堂。我们的教学改革始于校园内部的一次研讨，有老师大 ...

Summary of Conference Call Notes Company Overview - **Company**: China Oriental Education - **Industry**: Education Key Points Revenue Performance - For the full year 2025, the number of new students is expected to increase by 6% year-on-year, with revenue projected to grow by 12% to 4.63 billion yuan, exceeding the expected growth rate of 10% [1] - In the second half of 2025, revenue is anticipated to reach 2.444 billion yuan, representing a year-on-year increase of 14.6% [1] - The revenue outperformance is primarily attributed to a rapid increase in the proportion of high-priced classes lasting 15 months, which has elevated the average transaction value [1] Profitability Expectations - The company forecasts a full-year net profit and adjusted net profit growth of 46%-51%, translating to a net profit range of approximately 749 million to 774 million yuan, with a median net profit margin of 16.45% [1] - The adjusted net profit is expected to be in the range of 766 million to 793 million yuan, with a median adjusted net profit margin of 16.83% [1] - For the second half of 2025, the net profit is projected to be 359 million yuan, reflecting a year-on-year growth of 48.7% and a net profit margin of 14.7%, an increase of 3.37 percentage points year-on-year [1] Seasonal Impact - There is an acknowledgment of seasonal effects, with higher sales expenses and operating costs in the second half of the year compared to the first half [2] Strategic Initiatives - The spring recruitment is expected to accelerate growth, with overall spring recruitment fees increasing by approximately 20% year-on-year [3] - The company is diversifying its brand portfolio into beauty, pet care, and caregiving sectors, aligning with career development trends that are less likely to be replaced by AI and are experiencing robust growth [3] - A net profit target of 1 billion yuan is projected for 2026, corresponding to a price-to-earnings (PE) ratio of 12.2 times, with an assumed dividend payout of 80%, resulting in a dividend yield of approximately 6.4% [3]

20 中国东方教育25业绩盈喜：经调净利同增46%-51%，当前wind一致预测26E对应约12xPE+6.5%股息率，底部位置具 备性价比 中国东方教育25业绩盈喜：经调净利同增46%-51%，当前wind一致预测26E对应约12xPE+6.5%股息率，底部位置具 备性价比 #25年预计实现经调净利7.7-7.9亿元，同增46%-51% 主要系：（1）收入预计同增12%，其中新生人数同增约6%，15个月等高收费产品高速增长带动整体客单价结构性 改善；（2）成本费用在有效控制下仅温和增长，有望释放利润率弹性。 主要系：（1）收入预计同增12%，其中新生人数同增约6%，15个月等高收费产品高速增长带动整体客单价结构性 改善；（2）成本费用在有效控制下仅温和增长，有望释放利润率弹性。 2025年1月集团收购山西冶金技师学院及其他关联公司，支付现金对价1000万元以及收购事项前的日常运营费用 1535万元；收购事项完成后，目标集团于该年度录得亏损约1000万元。 而实际收入确认预计开始于25年9月，故存在投入利润错期导致收购首年亏损，实为正常经营节奏。 #25年预计实现经调净利7.7-7.9亿元，同增46%-51% ...