Group 1 - The Quanzhou Preschool Normal College is publicly recruiting 15 master's degree graduates for various teaching positions [1] - The recruitment includes positions in specialized fields such as health management, leisure service management, big data technology, digital media technology, artificial intelligence, physical training, outdoor sports, basketball teaching, art design, and ideological and political education [1] - Each position has specific qualifications, including educational background, professional requirements, and additional skills such as familiarity with big data technology or artificial intelligence [1] Group 2 - The application period is from January 10, 2026, 8:30 AM to January 16, 2026, 5:30 PM [2] - Applications must be submitted online through the Fujian Employment Network under the "Public Recruitment of Public Institutions" section [2]

Financial Data and Key Metrics Changes - The company reported record annual revenue of $8.7 billion, a 5% increase over the previous year, with fourth-quarter revenue growing 5.4% year-over-year to $2.3 billion, driven by 4.8% organic growth [7][16] - Adjusted EPS was $0.88, reflecting a $0.26 headwind from prior-year self-insurance adjustments, while adjusted EBITDA was $124.2 million with a margin of 5.6% [18][19] - Net income for the quarter increased to $34.8 million, or $0.56 per diluted share, compared to a loss of $11.7 million in the prior year [17] Business Line Data and Key Metrics Changes - Business and Industry (B&I) revenue surpassed $1 billion, up 2% year-over-year, with operating profit of $80.6 million and a margin of 7.7% [19] - Aviation revenue grew 7% to $296.7 million, with an operating profit of $16.8 million and a margin of 5.7% [20] - Manufacturing and Distribution (M&D) generated $417.4 million in revenue, an 8% increase year-over-year, with an operating profit of $35.8 million and a margin of 8.6% [20] - Technical Solutions had revenue of $298.7 million, a 16% increase, with an operating profit of $37.1 million and a margin of 12.4% [22] Market Data and Key Metrics Changes - The company noted strong demand across key end markets, particularly in Technical Solutions, Aviation, and Manufacturing and Distribution, with expectations for continued growth in fiscal 2026 [12][24] - The acquisition of WGNSTAR is expected to strengthen the company's position in the semiconductor market, which is experiencing multi-year growth [10][81] Company Strategy and Development Direction - The company is focused on enhancing its portfolio and expanding technical and data-enabled capabilities, with a commitment to disciplined capital allocation [30][31] - The acquisition of WGNSTAR is seen as a strategic move to penetrate the semiconductor fabrication sector, which has significant growth potential [10][40] - The company aims to achieve organic revenue growth of 3%-4% in fiscal 2026, with expectations for adjusted EPS in the range of $3.85-$4.15 [13][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's momentum heading into fiscal 2026, citing a strong backlog and healthy demand across key markets [12][30] - The restructuring program is expected to yield annualized savings of $35 million, with over three-quarters of the savings realized in fiscal 2026 [11][13] - Management acknowledged the challenges of the macro environment but highlighted the company's adaptability and operational excellence [29][30] Other Important Information - The company repurchased 1.6 million shares in the fourth quarter at an average price of $45.84, totaling $73 million, and reduced its outstanding share count by 4% [23] - The company ended the year with total indebtedness of $1.6 billion and available liquidity of $681.6 million [22] Q&A Session Summary Question: Margin trajectory and segment operating margin - Management introduced a new segment operating margin metric to better reflect operational health, with benefits from restructuring and mix expected to influence margins in 2026 [34][36] Question: Strategic attraction of the WGNSTAR deal - The acquisition is seen as a compelling strategic imperative due to the growth potential in the semiconductor space, with expectations for significant revenue synergies [38][40] Question: Pricing concessions in the B&I business - Management noted that pricing discussions have stabilized, with no dramatic concessions observed in the fourth quarter [48][50] Question: Free cash flow outlook for 2026 - The company anticipates normalized free cash flow of around $250 million, factoring in transformation and integration costs [53][56] Question: Future M&A opportunities - Management indicated a balanced approach to acquisitions, with a focus on compelling strategic opportunities in high-growth markets [96]

Core Viewpoint - Haikou Meilan District is accelerating the expansion of educational resources by advancing six new construction and renovation projects, which are expected to add 8,620 new public school and kindergarten seats to alleviate the tight enrollment situation in the region [1][2]. Group 1: Project Details - The projects include the construction of the Yeqingyuan supporting school, which will feature a six-story comprehensive teaching building and a two-story sports center, covering over 60,000 square meters and providing approximately 2,500 school seats, expected to be operational by September 2025 [1]. - The Yucai School will be located in the southern area of Meilan District, featuring a six-story teaching building and an eleven-story dormitory, with a total area of 64,500 square meters, also providing around 2,500 school seats and expected to start construction in July 2025 [2]. - The Honggou Village urban renewal project will include a comprehensive teaching building with an area of 49,000 square meters, expected to provide about 2,500 school seats and to commence construction in September 2025 [2]. Group 2: Additional Educational Facilities - The new teaching building project for Haikou No. 9 Middle School will consist of a five-story above-ground and one-story underground structure, covering over 4,200 square meters and providing approximately 400 school seats, expected to be completed by the end of 2025 [2]. - The Yeqingyuan Kindergarten will be built adjacent to the Yeqingyuan community, featuring a three-story comprehensive teaching building with an area of 6,157.4 square meters, expected to provide around 450 preschool seats and to be operational by September 2025 [2]. - The Xiyue Dong'an Kindergarten will also feature a three-story comprehensive teaching building with an area of 2,513 square meters, expected to provide approximately 270 preschool seats and to be operational by September 2025 [2].