你接到过骚扰电话吗？2026年上海两会上，代表建议构建骚扰电话综合治理长效机制。 "我身边的同事、朋友，包括我自己，我相信很多人都接到过各种各样的骚扰电话，银行贷款啊、房屋 出租啊，非常多，有点信息轰炸的味道，我认为相关部门对此要引起高度重视。"2月2日下午，上海市 人大代表、沪港国际咨询集团有限公司党委书记郭康玺在接受智通财经记者采访时说。 上海市人 同时，市场监管等部门应严查房产、金融、教育等领域"非法买号推销"，对频繁骚扰用户的企业纳入失 信名单，限制其经营活动。此外，规范商业电话营销行为，强制推行"营销电话白名单"制度，仅允许备 案后的正规企业拨打营销电话，且必须提供"一键退订"功能，用户拒绝后不得再次拨打。禁止商业机构 向第三方购买用户手机号，企业要对自身客户信息加强加密存储，防止泄露或滥用。 骚扰电话还应从技术上开展治理。郭康玺认为，移动、电信、联通等运营商应该搭建全国性"骚扰电话 溯源平台"，对高频呼出、异地呼出、标记量高的号码实时追踪，定位拨号设备或企业，配合监管部门 查处。深化电话号码实名制与分级防控，对未实名登记的号码，在保障其紧急呼叫等基本权利之外，限 制其主叫功能。 大代表郭康玺。智通 ...

每经编辑｜程鹏 新东方创始人俞敏洪2月2日在社交媒体发文称，"陈行甲老师来新东方报到啦"，并配发了两人合影。 图片来源：俞敏洪个人账号 今年1月，深圳市恒晖公益基金会创始人陈行甲因2024年年薪超过70万元而受到部分舆论质疑。1月18日晚，陈行甲公开发布视频，宣布自己将交棒给年轻 人："在这里，我做一个决定：我将正式启动交接程序，在完成有序的交棒过渡之后，我将不再从恒晖公益基金会领取薪水。" 1月20日，俞敏洪在自己个人社交平台，以新东方教育科技集团名义发布了一则通告："新东方教育科技集团，聘请陈行甲老师，为新东方教育、东方甄 选、新东方文旅总顾问，年薪150万人民币。" 通告还表示，"同时，俞敏洪老师加入陈行甲老师的恒晖公益基金会，一起为中国青少年的健康和成长而努力！新东方教育科技集团每年为恒晖基金会捐 献不少于100万人民币的善款！为了美好的人间，我们一起努力！" 公开信息显示，陈行甲生于1971年，从偏远穷困的山村考入大学。1992年，本科数学专业毕业的他因老家急需懂计算机的人才，被分配进入了兴山县燃化 局工作，开启了从政生涯。到2001年，已任兴山县水月寺镇镇长的陈行甲，考入清华大学首届公共管理硕士班 ...

陈行甲现身新东方。 新东方创始人俞敏洪2月2日在社交媒体发文称，"陈行甲老师来新东方报到啦"，并配发了两人合影。 图片来源：俞敏洪个人账号 公开信息显示，陈行甲出生于1971年1月，本科毕业于湖北大学，硕士毕业于清华大学，历任镇长、县级市市长，2011年任巴东县委书记，2015 年6月获"全国优秀县委书记"称号。2016年12月任期届满后，他辞去公职，创立深圳市恒晖公益基金会，致力于开展公益创新、大病救助、青少 年心理健康和教育关怀、防灾救灾等公益项目。 今年1月，深圳市恒晖公益基金会创始人陈行甲因2024年年薪超过70万元而受到部分舆论质疑。1月18日晚，陈行甲公开发布视频，宣布自己将交 棒给年轻人："在这里，我做一个决定：我将正式启动交接程序，在完成有序的交棒过渡之后，我将不再从恒晖公益基金会领取薪水。" 1月20日，俞敏洪在自己个人抖音号，以新东方教育科技集团名义发布了一则通告："新东方教育科技集团，聘请陈行甲老师，为新东方教育、东 方甄选、新东方文旅总顾问，年薪150万元人民币。" 通告还表示，"同时，俞敏洪老师加入陈行甲老师的恒晖公益基金会，一起为中国青少年的健康和成长而努力！新东方教育科技集团每年 ...

北京商报讯2月2日，新东方创始人、新东方教育科技集团董事长俞敏洪在个人社交账号上发布与陈行甲 合照，透露陈行甲已到新东方报到。 （文章来源：北京商报） 此前，根据俞敏洪披露的新东方通告，新东方教育科技集团聘请陈行甲为新东方教育、东方甄选、新东 方文旅总顾问，年薪150万元。通告还显示，俞敏洪加入陈行甲的恒晖公益基金会，并表态称，新东方 教育科技集团每年为恒晖基金会捐献不少于100万元的善款。 ...

通告还表示，"同时，俞敏洪老师加入陈行甲老师的恒晖公益基金会，一起为中国青少年的健康和成长 而努力！新东方教育科技集团每年为恒晖基金会捐献不少于100万人民币的善款！为了美好的人间，我 们一起努力！" 公开信息显示，陈行甲出生于1971年1月，本科毕业于湖北大学，硕士毕业于清华大学，历任镇长、县 级市市长，2011年任巴东县委书记，2015年6月获"全国优秀县委书记"称号。2016年12月任期届满后， 他辞去公职，创立深圳市恒晖公益基金会，致力于开展公益创新、大病救助、青少年心理健康和教育关 怀、防灾救灾等公益项目。 新东方创始人俞敏洪2月2日在社交媒体发文称，"陈行甲老师来新东方报到啦"，并配发了两人合影。 1月20日，俞敏洪在自己个人社交平台，以新东方教育科技集团名义发布了一则通告："新东方教育科技 集团，聘请陈行甲老师，为新东方教育、东方甄选、新东方文旅总顾问，年薪150万人民币。" 今年1月，深圳市恒晖公益基金会创始人陈行甲因2024年年薪超过70万元而受到部分舆论质疑。1月18日 晚，陈行甲公开发布视频，宣布自己将交棒给年轻人："在这里，我做一个决定：我将正式启动交接程 序，在完成有序的交棒过渡之后 ...

Group 1 - The core viewpoint of the article highlights that New Oriental-S (09901) reported a 15% year-on-year increase in total revenue for Q2 of the 2026 fiscal year, reaching $1.191 billion, surpassing market expectations by 3% and exceeding the company's previous guidance of 9% to 12% [1] - Non-GAAP operating profit surged by 223% year-on-year to $89 million, exceeding consensus expectations by 62%, with a corresponding Non-GAAP operating profit margin of 7.5%, which is an increase of 2.8 percentage points over the consensus estimate of 4.7% [1] - Haitong International raised the target price for New Oriental from HKD 49 to HKD 52 based on the upward revision of performance expectations, maintaining an outperform rating [1] Group 2 - The company has been able to capture market share despite a generally sluggish study abroad industry, achieving a 1% year-on-year growth in Q2 of the 2026 fiscal year, with expectations for this trend to continue into the next quarter [1] - The company is taking a conservative stance on Q4 performance due to the strong seasonal characteristics of the study abroad consulting business, anticipating a decline in study abroad revenue next year due to the overall industry situation and the merger of its exam preparation and study abroad consulting businesses [1] - Haitong International noted that the company's cost reduction and efficiency enhancement measures are showing continued effectiveness, with progress in optimizing teacher allocation and diversifying product offerings, indicating sustainable growth in the K12 business [2]

Core Viewpoint - The report from Haitong International indicates that New Oriental-S (09901) has exceeded market expectations with a 15% year-on-year revenue growth to $1.191 billion for Q2 of FY2026, surpassing the company's previous guidance of 9% to 12% [1] Group 1: Financial Performance - Non-GAAP operating profit increased significantly by 223% year-on-year to $89 million, exceeding consensus expectations by 62%, resulting in a Non-GAAP operating profit margin of 7.5%, which is 2.8 percentage points higher than the consensus estimate of 4.7% [1] - Haitong International has raised the target price for New Oriental from HKD 49 to HKD 52 based on the upward revision of performance expectations, maintaining an outperform rating [1] Group 2: Market Position and Strategy - Despite a generally sluggish study abroad industry due to ongoing macroeconomic and international uncertainties, the company has managed to capture market share with a 1% year-on-year growth in Q2 of FY2026, a trend expected to continue into the next quarter [1] - The company is implementing cost reduction and efficiency enhancement measures, with progress noted in optimizing teacher allocation and diversifying product offerings, which include OMO, 1V1, small classes, and subject expansion [2] Group 3: Future Outlook - The company holds a cautious outlook for Q4 of FY2026 due to the strong seasonality of the study abroad consulting business, and anticipates a decline in study abroad revenue next year due to the overall industry situation and the merger of its exam preparation and study abroad consulting businesses [1] - The management has shown a strong commitment to improving profitability in the study abroad segment, despite current revenue growth being maintained at a low double-digit rate [2]

Core Viewpoint - New Oriental Education Technology Group has officially announced the hiring of Chen Xingjia as a senior advisor with an annual salary of 1.5 million RMB, indicating a strategic move to enhance its educational offerings and social initiatives [1]. Group 1: Company Announcement - Yu Minhong, the founder of New Oriental, confirmed Chen Xingjia's arrival on social media, highlighting the significance of this appointment for the company [1]. - The company will contribute no less than 1 million RMB annually to the Henghui Charity Foundation, which focuses on the health and growth of Chinese youth [1]. Group 2: Background of Chen Xingjia - Chen Xingjia, born in 1971, has a diverse background, starting from a poor rural area and progressing through various governmental roles, including mayor and county secretary [1]. - He was recognized as a "National Excellent County Secretary" in 2015 and founded the Shenzhen Henghui Children's Charity Foundation, focusing on children's medical aid and educational support [1].

2026 年 2 月 2 日 晨会速递 分析师点评 市场数据 总量研究 【宏观】开年经济成色几何？——2026 年 1 月 PMI 点评 1 月制造业、非制造业景气度均落入收缩区间，重点关注几点变化：一是，受天气转 冷、临近春节人员返乡以及年末需求提前释放等因素影响，经济活动呈现季节性放缓； 二是，海外备货旺季结束，出口景气度回落，装备制造业有所承压；三是，新旧动能 分化加大，高技术制造业持续扩张，消费品制造业景气度落入收缩区间；四是，原材 料价格涨幅明显快于产成品价格，对部分企业利润有所影响。 【宏观】沃什将如何重塑政策路径与市场预期？——解构美国系列第十八篇 1 月 30 日，特朗普提名凯文·沃什为新一届美联储主席。在政策观点上，其支持进一 步降息，但对美联储扩表持谨慎态度，绝非纯粹"鸽派"，美联储后续或呈现"降息 与缩表并行"的政策组合。从资产反应来看，市场更多交易其反对扩表的"鹰派"一 面，黄金与美股出现明显回调。我们认为，沃什上台后并不会快速推进缩表进程，节 奏上"降息在前，缩表在后"，当前市场无需对流动性过于"恐慌"。 【策略】关注业绩，持股过节——2026 年 2 月策略观点 我们认为，本轮春季 ...

Investment Rating - The report upgrades the investment rating to "Recommended" for the company [2]. Core Views - The company, a leading education training provider in Shanghai, has shown significant performance recovery, with a projected revenue of 1.38 billion yuan for 2025, representing a year-on-year growth of 12.23%. The net profit attributable to shareholders is expected to be approximately 80 million yuan, marking a turnaround from losses [1][8]. - The company is actively expanding into the silver economy, with plans to acquire Shanghai Leyou, which focuses on high-end leisure tourism and services for individuals aged 40 and above. This strategic move aims to enhance the company's growth trajectory by integrating educational and tourism services [8]. Financial Forecasts - Revenue projections for 2025, 2026, and 2027 are 1.38 billion yuan, 1.70 billion yuan, and 2.00 billion yuan, respectively, with growth rates of 12.2%, 23.0%, and 18.0% [2][9]. - The net profit attributable to shareholders is forecasted to be 80 million yuan in 2025, 99 million yuan in 2026, and 122 million yuan in 2027, with corresponding growth rates of 265.5%, 23.5%, and 22.5% [2][9]. - Earnings per share (EPS) are expected to be 0.28 yuan in 2025, 0.35 yuan in 2026, and 0.42 yuan in 2027, with price-to-earnings (PE) ratios of 38, 31, and 25, respectively [2][9]. Business Strategy - The company is enhancing its competitive edge by improving product quality, teaching standards, and operational management, while also focusing on technology integration and talent development [8]. - The acquisition of Shanghai Leyou is part of the company's strategy to tap into the growing silver economy, with the "Happy Community" brand aimed at providing educational and companionship services to older adults [8].