8月14日，河北省石家庄市鹿泉区和高邑县教育局在暑期巡查中，发现辖区内各有一所学校存在学科类 培训班。经查，这两所学校的高中学科培训班，均为石家庄裕华区育本教育咨询服务中心（下称育本教 育）租赁校舍违规开办，该教育机构并无学科培训许可资质。 据学生家长介绍，该培训班学费近两万元，打着"只收尖子生"的噱头吸引家长报名，并称教师为知名大 学毕业的。高邑县教育局校外培训监管科负责人表示，国家规定校外培训机构不得占用寒暑假期组织学 科类培训。记者了解到，目前育本教育两个培训点违规办学招收的400余名学生，均已遣散。 租用中学校舍办学科类先修班 高邑县教育局校外培训监管科负责人介绍，在巡查云臻中学时，工作人员发现院内有零散学生，教学楼 一层、二层教室里有大量学生，教室课桌上放置有高三年级课本。 8月15日，刘玉鳞告诉新京报记者，他租赁云臻中学校舍举办高三课程先修班，学生近300人。目前学生 已遣散回家，未上完的课时，已对家长进行了退费处理。 当日，记者回访云臻中学，发现育本教育先修班占用的教室、宿舍已清退干净。教学楼二层的一间教 室，育本教育的工作人员正卸除自行安装的板书教具。 石家庄鹿泉区教育局在巡查中，发现精英艺术 ...

Market Overview - The U.S. stock market showed mixed performance with the Nasdaq down 1.14%, S&P 500 down 0.38%, and Dow Jones up 0.25% as of 23:02 [1] - Major indices such as Nasdaq 100 and the Wande American Technology Seven Giants Index also experienced declines of 1.10% and 1.41% respectively [2] - Commodities saw a drop in gold prices and a decline in oil prices across the board [2] Precious Metals and Energy - Gold prices fell below $3,330 per ounce, with the latest price at $3,329.80, down 0.09% [3] - COMEX gold futures also saw a slight decline of 0.12% [3] - WTI crude oil and ICE Brent crude oil prices decreased by 1.00% and 0.83% respectively [3] Chinese Stocks Performance - Several Chinese concept stocks rose against the trend, particularly in the new energy vehicle sector, which saw an increase of over 2% [6] - Notable gainers included Color Star Technology, which surged over 22%, and several others like YSXT and RAYA, which rose over 10% [7][8] Economic Indicators and Federal Reserve Outlook - Jerome Powell is set to deliver a significant speech, with market concerns that he may counter the growing expectations for aggressive rate cuts [5][18] - Analysts suggest that a 50 basis point rate cut in September may be unlikely, as Powell is expected to maintain a cautious stance [18][19] - The upcoming Jackson Hole Economic Symposium is anticipated to be a platform for Powell to clarify the Fed's position on interest rates [18][20] Market Reactions and Predictions - Historical data indicates that the "Jackson Hole week" typically yields positive returns for the S&P 500, with a median weekly gain of 0.8% [22] - However, the current high P/E ratio of 25.5 for the S&P 500 raises concerns about potential market corrections if Powell's remarks disappoint investors [22] - Analysts predict that if Powell maintains a hawkish tone, it could lead to a negative impact on the market, although a 25 basis point cut remains a strong possibility [23][24]

Core Viewpoint - New Oriental Education & Technology Group (EDU.US) experienced a decline of over 2%, closing at $47.21 amid rumors regarding the CEO's alleged misconduct [1] Group 1: Company Response - CEO Zhou Chenggang addressed the rumors in a video, stating that the company has already refuted these claims and labeled them as unfounded [1] - The company emphasized that the allegations of Zhou Chenggang being investigated for misappropriating company interests through related-party transactions are purely rumors [1] Group 2: Market Reaction - Following the rumors, New Oriental's stock price fell, indicating a negative market reaction to the news [1]

Core Viewpoint - The company, Daxian Education (09986.HK), anticipates a significant increase in pre-tax losses for the six months ending June 30, 2025, compared to the same period in 2024, primarily due to increased management expenses from share-based payment costs [1] Financial Performance - The expected pre-tax loss for the six months ending June 30, 2025, is projected to be between RMB 40 million and RMB 60 million [1] - In contrast, the pre-tax loss for the six months ending June 30, 2024, was approximately RMB 930,000 [1] - The increase in pre-tax loss is attributed to the rise in management expenses related to share-based payment [1]

Core Viewpoint - Daxin Education (09986) expects a significant increase in pre-tax losses for the first half of 2025, projecting losses between RMB 40 million to RMB 60 million, compared to a pre-tax loss of approximately RMB 930,000 in the first half of 2024, primarily due to increased management expenses from share-based payment costs [1] Financial Performance - The projected pre-tax loss for the first half of 2025 is estimated to be between RMB 40 million to RMB 60 million [1] - The pre-tax loss for the first half of 2024 was approximately RMB 930,000 [1] - The increase in pre-tax losses is attributed to higher management expenses resulting from share-based payment costs [1]

Investment Rating - The report assigns a "Buy" rating for Dou Shen Education, marking it as the first investment rating for the company [6]. Core Viewpoints - Dou Shen Education is positioned as the first education company aiming to implement AI virtual teachers across its entire product line, which is expected to provide a significant competitive edge and market share capture in the AI education era [1][2]. - The company has a clear strategy to leverage AI technology to create differentiated educational products that surpass existing tools, focusing on high-quality, interactive, and personalized learning experiences [2][4]. - The potential market space for Dou Shen Education's AI education products is estimated to reach hundreds of billions, indicating substantial growth opportunities beyond just replacing recorded classes [5][10]. Summary by Sections Company Overview - Dou Shen Education has transitioned from a traditional education model to a technology-driven approach, focusing on AI and quality education products, which has helped it recover from previous financial difficulties [21][22]. Financial Analysis - The company is expected to achieve significant revenue growth, with projected revenues of 12.29 billion, 20.48 billion, and 35.74 billion for 2025, 2026, and 2027 respectively, alongside a steady increase in net profit margins [13][14]. - The gross margin for AI education services is anticipated to approach 70%, with operating profit margins nearing 30% as the company scales its operations [11][12]. Product Strategy - Dou Shen Education's product strategy includes a comprehensive AI education ecosystem, featuring AI dual-teacher models and interactive learning tools, which are designed to enhance user engagement and retention [4][10]. - The company has successfully developed a diverse product matrix that caters to various educational needs, positioning itself to capture a significant share of the market [36][40]. Market Positioning - The report highlights the importance of first-mover advantages in the AI education sector, suggesting that Dou Shen Education can replicate the success of other leading internet products by establishing a strong brand presence and user loyalty [3][4]. - The company is well-positioned to disrupt traditional education models and expand into underserved markets, particularly in lower-tier cities, by offering high-quality, cost-effective educational solutions [10][11].

来源：中国网 培生中国政府事务总监刘蛟发言 新东方国际教育培训事业部副总裁宋鹏昊展示了完整的PTE学习备考生态，重点介绍 "新东方PTE模考 平台"的核心功能和AI智能产品矩阵，即以"精准学习 科技提效"为核心，通过接近官方的仿真考试体 验，精选千余道题目生成的模考套题，完成精准的AI评分及能力诊断，提供针对性的提升建议和推送 内容，结合AI查词、AI口语评分、AI批改、AI智能学习助手等工具，辅助学习实现高效备考。 新东方国际教育培训事业部副总裁宋鹏昊发言 近日，新东方国际教育于北京召开"PTE备考白皮书暨PTE产品发布会"，重磅推出行业首部《中国学生 PTE备考白皮书》及"新东方PTE模考平台"，通过AI科技赋能与权威教研双轨驱动，为以英国、澳洲等 国家和地区为目的地的留学及出国人群提供高效备考解决方案。 新东方教育科技集团副总裁、新东方国际教育培训事业部总裁刘烁炀在发言中阐述了布局PTE考试的初 衷。他指出，当前留学语言测试的品类愈发多元，新东方国际教育始终致力于引导学生选择更契合自身 水平的语言测试并提供高效的备考解决方案。随着PTE考试热度攀升，新东方创新打造了PTE备考全生 态，将平台、产品和师资 ...

8月19日，有消息称"新东方CEO周成刚涉嫌通过关联交易侵占上市公司利益，已被监管部门立案调 查"，对此，新东方向南都N视频记者回应称，此消息纯属造谣，"对于恶意造谣、传播不实信息者，我 司保留依法追究其法律责任的权利。" 此外，还有网友发帖称，网信办拟发布《直播带货合规指引（征求意见稿）》，拟限制高佣金抽成模 式，而东方甄选佣金率长期超30%。对此，东方甄选发布声明称，"关于周成刚老师的传闻纯属谣言， 关于东方甄选佣金率长期超30%的说法严重失实，东方甄选售卖产品确保高品质和高性价比，实际平均 佣金率不到20%。" 据了解，东方甄选将于8月22日发布截至2025年5月31日的2025财年业绩报告。政商证券研报显示，根据 飞瓜等数据估计东方甄选25财年实销GMV为75亿+（注：已经剔除与辉同行），预计26财年实销GMV 有望增长至90亿+。 而此次被关注的周成刚是俞敏洪的多年老搭档。周成刚曾在直播时透露，他和俞敏洪是在高考补习班认 识的，当时俞敏洪是班长，他是英语课代表。公开资料显示，周成刚先后毕业于苏州大学、澳大利亚麦 觉里大学，曾在英国广播公司（BBC）任亚太部任记者、节目主持人，2000年加入新东方，先 ...

综合 | 智通财经 @东方甄选 一则涉及新东方教育科技集团CEO周成刚相关传言让东方甄选股价尾盘跳水。截至8月19日港股收盘，东方甄选（1797.HK）港 股报收34.32港元，跌20.89%，此前一度上探至近两年高位53.7港元，涨幅超23.5%。 @东方甄选 在微博回应："针对谣言，我司已启动报警和司法流程，对于这样的不法行为，我们将一追到底。" 来源：天津广播 ...

Core Viewpoint - New Oriental Group CEO Zhou Chenggang is under investigation for allegedly misappropriating company interests through related party transactions, leading to panic selling among investors [1][4]. Company Background - Zhou Chenggang has been with New Oriental since 2000, serving in various roles including principal and president, and became CEO in 2016 [1][3]. - Zhou and co-founder Yu Minhong have a long-standing partnership, having met during their high school entrance exams in 1980 [1]. Market Reaction - On August 19, New Oriental's stock price plummeted by 20.89%, closing at HKD 34.320 per share, with a total market capitalization of HKD 359.13 billion [4][5]. - The stock opened at HKD 43.000 and reached a low of HKD 34.000 during the trading session, with a trading volume of 225 million shares [5]. Company Response - The investor relations director of Oriental Selection, a subsidiary of New Oriental, denied the allegations, stating that the company is in a quiet period for its annual report [6]. - In response to rumors regarding high commission rates exceeding 30%, the company clarified that its actual average commission rate is below 20% and has initiated legal actions against the spread of false information [7].