教育科技公司昂立教育一则跨界收购案，因高达516%的溢价率引发市场瞩目与质疑。11月26日，在昂 立教育召开的 2025 年第三季度业绩暨乐游项目收购说明会上，昂立教育集团董事长兼总裁周传有回应 了此次高溢价收购上海乐游的原因，同时表示将银发经济业务作为公司业务增长的第二曲线。此前，昂 立教育拟收购上海乐游，交易作价3800万元，溢价率516.23%，引发业内对估值合理性与收购风险的广 泛讨论。然而，上海乐游当前处于亏损状态、加上部分董事投出的弃权票以及交易将形成的4700万元商 誉，均为这笔战略投资增添了诸多不确定性。未来，昂立教育的这场跨界豪赌仍存在诸多挑战。 高溢价的收购 近日，"昂立教育拟收购上海乐游100%股权"一事受到多方关注。 根据昂立教育发布的关于对上海证券交易所《关于资产收购事项问询函》（以下简称《问询函》）回 复，昂立教育拟收购上海湘宏文化旅游发展集团有限公司（以下简称"上海湘宏"）持有的上海乐游誉途 国际旅行社有限公司（以下简称"上海乐游"）100%股权。上海乐游净资产账面价值负912.95 万元，交 易作价3800万元，溢价率516.23%。值得一提的是，本次收购预计形成约4700万元 ...

Group 1 - Quantum Song (QSG) opened with a 6.76% increase, reaching $8.53 per share, with a total market capitalization of $436 million as of 21:30 [1] - As of March 31, 2025, Quantum Song reported total revenue of 2.108 billion RMB, a year-on-year decrease of 24.59%, while net profit attributable to the parent company was 249 million RMB, reflecting a year-on-year increase of 31.58% [1] Group 2 - On August 27, Quantum Song is scheduled to disclose its fiscal year 2024 annual report, with the actual disclosure date subject to company announcement [2] - Quantum Song Group Limited is a Cayman Islands-registered holding company, primarily operating through its domestic subsidiary, Beijing Quantum Song Technology Co., Ltd. The company focuses on enhancing public literacy through various knowledge-sharing platforms [2]

Group 1 - The stock price of Quantum Song (QSG) increased by 2.34% on August 21, reaching $7.87 per share, with a total market capitalization of $402 million [1] - As of March 31, 2025, Quantum Song reported total revenue of 2.108 billion RMB, a year-on-year decrease of 24.59%, while net profit attributable to shareholders was 249 million RMB, showing a year-on-year increase of 31.58% [1] Group 2 - Quantum Song is scheduled to disclose its fiscal year 2024 annual report on August 27, with the actual disclosure date subject to company announcement [2] - Quantum Song Group Limited is a Cayman Islands-registered holding company, primarily operating through its domestic subsidiary, Beijing Quantum Song Technology Co., Ltd. The company focuses on enhancing public literacy through various knowledge-sharing platforms [2]

Core Insights - Quantum Song (QSG) opened with a 3.75% increase, reaching $7.522 per share, with a trading volume of $498,500 and a total market capitalization of $384 million [1] - As of March 31, 2025, Quantum Song reported total revenue of 2.108 billion RMB, a year-on-year decrease of 24.59%, while net profit attributable to shareholders was 249 million RMB, reflecting a year-on-year increase of 31.58% [1] Company Overview - Quantum Song Group Limited is a Cayman Islands-registered holding company primarily operating through its domestic subsidiary, Beijing Quantum Song Technology Co., Ltd. [2] - The company focuses on enhancing public literacy and operates multiple knowledge-sharing platforms, including Qiniu Academy, Qianchi Academy, and Jiangzhen, utilizing various formats such as live streaming and audio to disseminate professional knowledge across multiple fields [2]

Group 1 - The stock of Quantum Song (QSG) opened with an increase of 10.21%, reaching $7.99 per share, with a total transaction volume of $1.3497 million and a market capitalization of $408 million [1] - As of March 31, 2025, Quantum Song reported total revenue of 2.108 billion RMB, a year-on-year decrease of 24.59%, while the net profit attributable to the parent company was 249 million RMB, showing a year-on-year increase of 31.58% [1] Group 2 - Quantum Song is set to disclose its fiscal year 2024 annual report on August 27, with the actual disclosure date subject to company announcement [2] - Quantum Song Group Limited is a Cayman Islands-registered holding company, primarily operating through its domestic subsidiary, Beijing Quantum Song Technology Co., Ltd. The company focuses on enhancing public literacy through various knowledge-sharing platforms [2] - The platforms under Quantum Song include Qiniu Academy, Qianchi Academy, and Jiangzhen, which utilize live streaming and audio formats to provide users with professional knowledge across multiple fields, catering to fragmented learning needs and personal value enhancement [2]

Group 1 - The stock price of Quantum Song (QSG) increased by 5.23% on August 15, reaching $7.44 per share, with a total market capitalization of $380 million [1] - As of March 31, 2025, Quantum Song reported total revenue of 2.108 billion RMB, a year-on-year decrease of 24.59%, while net profit attributable to shareholders was 249 million RMB, showing a year-on-year increase of 31.58% [1] Group 2 - Quantum Song is scheduled to disclose its fiscal year 2024 annual report on August 27, with the actual disclosure date subject to company announcement [2] - Quantum Song Group Limited is a Cayman Islands-registered holding company that operates primarily through its domestic subsidiary, Beijing Quantum Song Technology Co., Ltd. The company focuses on enhancing public literacy through various knowledge-sharing platforms [2]

Group 1 - The stock price of Quantum Song (QSG) increased by 2.83% on August 15, reaching $7.27 per share, with a total market capitalization of $372 million [1] - As of March 31, 2025, Quantum Song reported total revenue of 2.108 billion RMB, a year-on-year decrease of 24.59%, while net profit attributable to the parent company was 249 million RMB, reflecting a year-on-year increase of 31.58% [1] Group 2 - Quantum Song is scheduled to disclose its fiscal year 2024 annual report on August 27, with the actual disclosure date subject to company announcement [2] - Quantum Song Group Limited is a Cayman Islands-registered holding company that operates primarily through its domestic subsidiary, Beijing Quantum Song Technology Co., Ltd. The company focuses on enhancing public literacy through various knowledge-sharing platforms [2]

Core Insights - Quantum Song (QSG) experienced a stock price increase of 5.47%, reaching $7.52 per share with a total market capitalization of $384 million as of August 13 [1] - Financial data indicates that as of March 31, 2025, Quantum Song's total revenue was 2.108 billion RMB, a year-over-year decrease of 24.59%, while net profit attributable to shareholders was 249 million RMB, reflecting a year-over-year increase of 31.58% [1] Company Overview - Quantum Song Group Limited is a Cayman Islands-registered holding company primarily operating through its domestic subsidiary, Beijing Quantum Song Technology Co., Ltd [2] - The company focuses on enhancing public literacy through various knowledge-sharing platforms, including Qiniu Academy, Qianchi Academy, and Jiangzhen, utilizing live streaming and audio formats to deliver professional knowledge across multiple fields [2]

Core Viewpoint - Quantum Song (QSG) has shown a positive stock performance with a 3.09% increase, reflecting investor interest despite a decline in revenue [1][2]. Financial Performance - As of March 31, 2025, Quantum Song reported total revenue of 2.108 billion RMB, a year-over-year decrease of 24.59% [1]. - The company achieved a net profit attributable to shareholders of 249 million RMB, marking a year-over-year increase of 31.58% [1]. Upcoming Events - Quantum Song is scheduled to disclose its fiscal year 2024 annual report on August 27, with the actual date subject to company announcement [2]. Company Overview - Quantum Song Group Limited is a Cayman Islands-registered holding company that operates primarily through its domestic subsidiary, Beijing Quantum Song Technology Co., Ltd. [2]. - The company focuses on enhancing public literacy through various knowledge-sharing platforms, including Qiniu Academy and Qianchi Academy, utilizing live streaming and audio formats to meet users' fragmented learning needs [2].

Group 1 - The stock price of Quantum Song (QSG) increased by 2.06% to $8.42 per share, with a total market capitalization of $430 million as of August 8 [1] - As of March 31, 2025, Quantum Song reported total revenue of 2.108 billion RMB, a year-on-year decrease of 24.59%, while net profit attributable to the parent company was 249 million RMB, showing a year-on-year increase of 31.58% [1] Group 2 - Quantum Song is set to disclose its fiscal year 2024 annual report on August 27, with the actual disclosure date subject to company announcement [2] - Quantum Song Group Limited is a Cayman Islands-registered holding company, primarily operating through its domestic subsidiary, Beijing Quantum Song Technology Co., Ltd. The company focuses on enhancing public literacy through various knowledge-sharing platforms [2]