KINGSWOOD EDUCATION(SZ:300192)2025-05-15 07:16Group 1: Financial Performance - In 2024, the company achieved operating revenue of 795.14 million yuan, a year-on-year increase of 3.10% [3] - The net profit attributable to shareholders was 145.06 million yuan, up 4.73% year-on-year [3] - For Q1 2025, the company reported operating revenue of 183.35 million yuan, a decrease of 2.27% year-on-year, and a net profit of 37.97 million yuan, down 6.80% [3] Group 2: Business Drivers - The growth in 2024 was attributed to three main factors: stable operations in the education services sector, improved quality in the ink business, and investment income from the associate company Zhonghao Xinying amounting to 5.93 million yuan [4] - The ink business saw enhanced profitability due to optimized sales structure and effective cost control measures [4] Group 3: Product Development - In 2024, the newly established subsidiary Suzhou Kede Huiying launched an AI intelligent learning software, Kede AI Learning, which currently has nearly 30,000 users [5][6] - The software integrates various large models to provide training for over 20 popular professional certifications [5] Group 4: Market Challenges and Strategies - The decline in Q1 2025 revenue was primarily due to seasonal fluctuations in the ink business and a significant investment loss from Zhonghao Xinying [6] - To address increasing competition in vocational education, the company plans to enhance its product line, leverage technology, and improve brand reputation to attract quality students [7] Group 5: Future Outlook - Zhonghao Xinying reported operating revenue of 485.20 million yuan in 2023 and 597.96 million yuan in 2024, indicating strong growth potential [6] - The company aims to develop eco-friendly antibacterial inks to meet market demand and enhance its competitive edge [7]