Core Viewpoint - The company, Fenbi, anticipates a strong performance in the first half of 2025, projecting revenue of at least RMB 1.472 billion and a net profit of no less than RMB 215 million, despite facing intense competition in the exam training industry [2] Group 1: Financial Performance - Fenbi expects revenue for the first half of 2025 to be no less than RMB 1.472 billion and net profit to be at least RMB 215 million, with adjusted net profit projected to be no less than RMB 260 million [2] - The company acknowledges that its performance is under pressure due to the competitive landscape of the exam training industry in China [2] Group 2: Market Demand and Growth Potential - The demand for exam training remains strong, with the number of applicants for the national exam in 2025 reaching 3.416 million, a 12.6% increase from 2024 [2] - The ratio of qualified applicants to recruitment plans is approximately 86:1, indicating a rising willingness among users to participate in training [2] Group 3: AI Product Development - Fenbi has developed the first AI domain model focused on exam training, leveraging its AI technology and over a decade of industry-specific online data [2] - The company has launched several AI-driven educational products, including the AI Brush Question System Class, which has sold approximately 50,000 sessions and generated around RMB 20 million in revenue by June 30 [3] - The AI Brush Question System Class is expected to achieve annual sales exceeding RMB 100 million [3] Group 4: User Engagement and Market Strategy - 90% of the students enrolled in the AI Brush Question System Class were previously registered and active users on the Fenbi app but had not shown willingness to pay for courses until the new product was introduced [3] - The AI interview mock exam competition launched in the first half of 2025 attracted nearly 1.5 million participants, with 98.43% of surveyed users willing to recommend the product to friends [3] - Fenbi plans to accelerate the development of AI course products for written exams and aims to launch more AI large classes in various subjects within the year [3]

Core Viewpoint - The company, Fenbi, anticipates a revenue of at least 1.472 billion yuan and a net profit of at least 215 million yuan for the first half of 2025, despite facing intense competition in the exam training industry [1] Group 1: Financial Performance - Fenbi expects adjusted net profit to be no less than 260 million yuan for the first half of 2025 [1] - The company is optimistic about its future growth prospects due to the performance of its AI products [1] Group 2: AI Product Development - Fenbi has developed the first AI domain model focused on exam training, leveraging its mature AI technology and extensive online data [2] - The AI brush question system class, launched in April, has sold approximately 50,000 sessions and generated about 20 million yuan in revenue by June 30, indicating a potential annual sales exceeding 100 million yuan [2] - The AI interview mock exam competition attracted nearly 1.5 million participants, with 98.43% of surveyed users willing to recommend the product [3] Group 3: Market Position and Strategy - The exam training market is experiencing a shift from scale competition to value competition, focusing on product effectiveness and user experience [4] - Fenbi plans to increase AI R&D investment by 30% annually and collaborate with top institutions to build educational AI models [4] - The company believes its technological foundation, data barriers, and loyal user base provide a competitive edge in the AI application field [4]