Kaiyuan EDU(SZ:300338)2022-11-19 02:40Group 1: Company Performance and Challenges - The company has experienced significant losses over the past three years, attributed to poor management and high-priced acquisitions of bad assets, exacerbated by the pandemic [3][4] - The company is approaching delisting and is committed to improving operational efficiency and reducing costs to create better returns for investors [3][4] - The company reported a negative net asset value in the first quarter, raising concerns about potential delisting risks [4][5] Group 2: Government Policies and Market Conditions - Current government policies, including the new vocational education law, do not have a direct impact on the company's core business and are not expected to help the company overcome its current difficulties [3][4] - The ongoing pandemic has severely affected the company's offline business, impacting enrollment and teaching [3][4] Group 3: Corporate Governance and Management - The departure of the company's secretary, Peng Min, was due to personal reasons, and the company expressed gratitude for his contributions during his tenure [4] - The company has maintained normal business relationships with various financing channels [5] Group 4: Business Operations - The company operates nearly 458 campuses across 165 cities in 26 provinces, facing significant challenges due to the pandemic [4] - The company focuses on online business for its subsidiary, Zhongda Yingcai, which provides pre-examination tutoring and services [4]