Group 1 - The core viewpoint of the article is the launch of the "Tianli Qiming AI Companion" large model, which is the first AI model approved for large-scale application in campus education in China, currently used in 107 schools with 250,000 teachers and students [1] - The "Tianli Qiming AI Companion" model integrates generative AI technology with a research-based educational system, creating a comprehensive smart ecosystem covering teaching, learning, management, assessment, and practice [1][2] - The company plans to pilot an "empathetic AI teacher" by September and aims to build a digital education community with 100 schools and 1,000 enterprises within three years, providing quality educational resources to one million students [1] Group 2 - The AI education market in China is entering a critical phase in 2025, driven by policies, technology, and capital, with a focus on the comprehensive implementation of AI in education [2] - The Ministry of Education and nine other departments have issued guidelines to accelerate digital education, emphasizing the construction of educational large models and the promotion of "AI + education" scenarios [2] - The "Tianli Qiming AI Companion" model supports the launch of an AI high school exam preparation camp, which addresses the rigid demand for personalized training and assessment optimization during the critical exam preparation phase [2] Group 3 - The company has a strong advantage due to its long-term high-quality content reserves and practical experience, as well as a robust flow of students from its own and managed school networks [3] - The company maintains its revenue forecast, expecting revenues of 4.32 billion RMB, 5.64 billion RMB, and 7.39 billion RMB for FY25-27, with net profits of 780 million RMB, 1.02 billion RMB, and 1.35 billion RMB respectively [3] - The expected EPS for FY25-27 is projected to be 0.37 RMB, 0.49 RMB, and 0.64 RMB [3]

Investment Rating - The report maintains a "Buy" rating for Tianli International Holdings (01773) with a target price not specified [5]. Core Views - The "Tianli Qiming AI Learning Companion" model is the first AI model approved by the state for large-scale application in campus education, currently used in 107 schools with 250,000 teachers and students [1]. - The AI model integrates generative AI technology with educational research, creating a comprehensive ecosystem for teaching, learning, management, evaluation, and practice [1]. - The company plans to pilot an empathetic AI teacher by September and aims to build a digital education community in collaboration with hundreds of schools and enterprises over the next three years [1]. Summary by Sections AI Application in Education - The "Tianli Qiming AI Learning Companion" model is designed to enhance educational digital transformation and is supported by strategic partnerships with several leading schools [2]. - The model utilizes a localized knowledge graph and various AI tools to provide precise learning diagnostics, intelligent exam analysis, and dynamic path optimization [2]. Market Trends - 2025 is identified as a critical year for the full implementation of AI in education in China, driven by policy, technology, and capital [3]. - The Ministry of Education and other departments have issued guidelines to accelerate educational digitalization, emphasizing the construction of educational models and the integration of AI in educational scenarios [3]. Business Strategy - The introduction of the AI college entrance examination training camp is seen as a strategic entry point for AI application, addressing the rigid demand and high willingness to pay during critical learning phases [4]. - The company possesses a strong foundation of high-quality content and practical experience, along with a robust network of self-operated and managed schools, providing a significant market advantage [4]. Financial Projections - The report forecasts revenues of 4.32 billion RMB, 5.64 billion RMB, and 7.39 billion RMB for FY25, FY26, and FY27 respectively, with net profits projected at 780 million RMB, 1.02 billion RMB, and 1.35 billion RMB [5].