Core Insights - The leading domestic vocational education company, Fenbi (02469.HK), announced a significant milestone with its AI exam preparation system achieving over 42,000 sales as of October 29, representing a more than 100% month-on-month growth [1] - Since 2020, Fenbi's AI applications have served over 15 million users, with more than 1.5 million paying users utilizing various AI products, indicating rapid growth in scale [1] - The recent relaxation of age limits for civil service and public institution exams from 35 to 38 years has created structural growth opportunities in the vocational education market, leading to an urgent demand for efficient exam preparation solutions [1] Company Developments - Fenbi is entering a phase of large-scale application of its AI technology, having launched multiple intelligent exam preparation products within the year, including AI exam preparation systems for civil service and public institution exams, AI smart speakers, and AI interview evaluation systems [1] - As of October 2025, Fenbi's AI interview evaluation system has assisted 320,000 users with 4.32 million interview evaluations, receiving positive feedback from users [1] - Based on positive market feedback, Fenbi announced the upcoming launch of AI products for state-owned and central enterprises' interviews, as well as social recruitment AI job-seeking products and AI interactive foreign language learning products currently in internal incubation [1]

Core Insights - The company Fenbi (02469) is launching a new AI product for interview preparation aimed at candidates preparing for state-owned enterprises and central enterprises, enhancing its career education ecosystem from exam preparation to job interview coaching [1][3] Group 1: Market Context - The number of college graduates in China is projected to reach 12.22 million by 2025, an increase of 430,000 year-on-year, marking a historical high [3] - State-owned enterprises have become the preferred employment direction for fresh graduates, with approximately 1 million job openings annually, 80% of which are targeted at new graduates, indicating a potential user base exceeding 4 million [3] - There is a noticeable increase in demand for structured and professional coaching services, extending from exam preparation to interview preparation [3] Group 2: Product Features - The new AI product leverages a vast database of past interview questions from state-owned enterprises, creating an online interactive system that simulates real interview scenarios [4] - It aims to address the pain points of traditional interview coaching, such as high costs and low practice frequency, by providing a 1:1 simulation of the interview process [4] - The product offers in-depth analysis based on key assessment dimensions for state-owned enterprise interviews, such as political stance and logical expression, while providing tailored suggestions based on individual responses [4] Group 3: Business Expansion - The state-owned enterprise interview AI product is the sixth intelligent preparation product launched by Fenbi in 2025, following other successful AI systems [5] - Since 2020, Fenbi's AI applications have served over 15 million users, demonstrating the company's ability to effectively reduce marginal development costs and enhance product implementation efficiency [5] - The continuous expansion of AI interview scenarios suggests that Fenbi is advancing in the career development sector, with plans to launch additional AI products for social recruitment and interactive foreign language learning [5]