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行动教育(605098):Q3基本面强势反弹 稳固远期成长信心
Xin Lang Cai Jing· 2025-10-28 00:27
Core Insights - The company's revenue and profit showed a strong rebound in Q3 2025, with expectations that the "Hundred Schools Plan" will contribute more to revenue and profit in the coming year [1] - The profit forecast is maintained, with a rating of "Buy" upheld [1] Financial Performance - In the first three quarters of 2025, the company achieved revenue of 566 million, a year-over-year increase of 0.5%, and a net profit attributable to shareholders of 215 million, a year-over-year increase of 10.4% [1] - For Q3 2025, the company reported revenue of 222 million, a year-over-year increase of 27.9%, and a net profit attributable to shareholders of 83 million, a year-over-year increase of 42.8% [1] - The company's comprehensive gross margin reached 80.2% in Q3 2025, an increase of 5.1 percentage points year-over-year, marking the highest quarterly gross margin since the pandemic [1] Market Confidence - The solid rebound in Q3 has strengthened market confidence in the company's long-term growth potential [2] - Concerns regarding the company's collection and order growth, as well as the training budgets of corporate clients, have been largely addressed by the market [2] - The "Hundred Schools Plan" is gradually being implemented, helping to expand the company's influence and capture untapped markets, leading to additional orders [2]