上海行动教育科技股份有限公司 董事会审计委员会对 会计师事务所 2024 年度履行监督职责情况的报告 上海行动教育科技股份有限公司（以下简称"公司"）董事会审计委员会 （以下简称"审计委员会"）根据《中华人民共和国公司法》《中华人民共和国 证券法》《上市公司治理准则》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》和《上海行动教育科技股份有限公司章程》等相关规定和要 求，本着勤勉尽责的原则，恪尽职守，认真履职。现将董事会审计委员会对公 司年审会计师事务所 2024 年度履职情况评估及履行监督职责的情况汇报如下： 一、2024 年年审会计师事务所基本情况 （一）会计师事务所基本情况 安永华明会计师事务所（特殊普通合伙）以下简称"安永华明"，于 1992 年 9 月成立，2012 年 8 月完成本土化转制，从一家中外合作的有限责任制事务 所转制为特殊普通合伙制事务所。安永华明总部设在北京，注册地址为北京市 东城区东长安街 1 号东方广场安永大楼 17 层 01-12 室。截至 2024 年末拥有合 伙人 251 人，首席合伙人为毛鞍宁先生。 二、2024 年年审会计师事务所履职情况 按照《审计业务约定 ...

证券代码：605098 证券简称：行动教育 公告编号：2025-012 上海行动教育科技股份有限公司 关于召开 2024 年年度股东大会的通知 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、 召开会议的基本情况 召开的日期时间：2025 年 5 月 7 日 14 点 00 分 召开地点：上海市虹桥商务区兴虹路 168 弄 A 栋 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2025 年 5 月 7 日 至 2025 年 5 月 7 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 (六) 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者的投 票，应按照《上海证券交易所 ...

证券代码：605098 证券简称：行动教育 公告编号：2025-005 上海行动教育科技股份有限公司 第五届监事会第七次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、监事会会议召开情况 上海行动教育科技股份有限公司（以下简称"公司"）第五届监事会第七次 会议通知于 2025 年 4 月 3 日以书面形式送达公司全体监事。会议于 2025 年 4 月 14 日 10:00 在公司会议室以现场方式召开。本次会议应到监事 3 人，实到监 事 3 人。会议由监事会主席包俊女士主持，本次会议的召开符合《公司法》《公 司章程》及有关法律、法规的规定。 二、监事会会议审议情况 本次会议经与会监事充分审议，形成如下决议： （一）审议通过了关于公司《2024 年度监事会工作报告》的议案 表决结果：3 票同意、0 票反对、0 票弃权。 具体内容详见公司于同日在上海证券交易所网站（www.sse.com.cn）披露的 《2024 年度监事会工作报告》。 本议案尚需提交股东大会审议。 （二）审议通过了关于公司《2024 年年度报告 ...

证券代码：605098 证券简称：行动教育 公告编号：2025-004 （一）审议通过了关于公司《2024 年度董事会工作报告》的议案 表决结果：7 票同意、0 票反对、0 票弃权。 本议案已经第五届董事会战略委员会 2025 年第一次会议审议通过。 本议案尚需提交股东大会审议。 （二）审议通过了关于公司《2024 年年度报告及摘要》的议案 上海行动教育科技股份有限公司 第五届董事会第七次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、董事会会议召开情况 上海行动教育科技股份有限公司（以下简称"公司"）第五届董事会第七次 会议通知于 2025 年 4 月 3 日以书面、邮件形式通知公司全体董事。会议于 2025 年 4 月 14 日 10:00 在公司会议室以现场结合通讯方式召开。本次会议应出席董 事 7 人，实际出席董事 7 人。会议由董事长李践先生主持，本次会议的召开符合 《公司法》《公司章程》及有关法律、法规的规定。 二、董事会会议审议情况 本次会议经与会董事充分审议，形成如下决议： 表决结果：7 票同 ...

A 股每 10 股派发现金红利 7.50 元(含税），不送红股，也不进行资本公 积金转增股本。 本次利润分配以实施权益分派股权登记日登记的总股本为基数，具体日 期将在权益分派实施公告中明确。在实施权益分派的股权登记日前公司总股本发 生变动的，维持每股分配比例不变，相应调整分配总额，并将另行公告具体调整 情况。 公司不触及《上海证券交易所股票上市规则（2024 年 4 月修订）》（以 下简称《股票上市规则》）第 9.8.1 条第一款第（八）项规定的可能被实施其他 风险警示的情形 公司董事会提请股东大会授权其决定 2025 年中期（包含半年度、前三季 度）利润分配方案并实施。 证券代码：605098 证券简称：行动教育 公告编号：2025-006 上海行动教育科技股份有限公司 2024 年年度利润分配预案公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、2024 年度利润分配方案 （一）利润分配方案的具体内容 截至 2024 年 12 月 31 日，公司母公司报表中期末未分配利润为人民币 202,278,0 ...

上海行动教育科技股份有限公司 2024 年年度报告 公司代码：605098 公司简称：行动教育 上海行动教育科技股份有限公司 2024 年年度报告 1 / 201 上海行动教育科技股份有限公司 2024 年年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实性、准确性、 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 安永华明会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人李践、主管会计工作负责人陈纪红及会计机构负责人（会计主管人员）徐天怡声 明：保证年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 2024年半年度利润分配情况：根据2023年年度股东大会的授权，经2024年8月8日召开的公司 第五届董事会第三次会议审议通过的《2024年半年度利润分配预案》，同意向全体股东每10股派 发现金红利10元（含税），合计派发现金红利118,078,600元（含税）。公司于2024年8月22日实 施完成现金分红。 2 ...

行动教育（605098）公告，2024年营业收入为7.83亿元，同比增长16.54%。归属于上市公司股东的净利 润为2.69亿元，同比增长22.39%。公司拟向全体股东每10股派发现金红利7.5元(含税)，合计拟派发现金 红利8943.83万元(含税)。 ...

Investment Rating - The report maintains a "Recommended" rating for the company [5][6]. Core Viewpoints - The company is positioned as the "first stock" in effective management education, aiming to become a global effective business school by providing comprehensive lifecycle services for enterprises, including management training, consulting, and learning tools [1][11]. - The management training business is the core focus, with a compound annual growth rate (CAGR) of 21.68% from 2020 to 2023, accounting for 88.56% of the business in 2023, with a gross margin of 82.16% [2][18]. - The company has adopted a "one core, two wings" strategy to enhance its market network and expand its consulting business, which has seen a significant resurgence with a 122.81% year-on-year growth in the first half of 2024 [3][36]. - The company has a strong cash position with a high average dividend payout ratio, and it has secured a substantial order backlog, indicating good growth potential [4][5]. Summary by Sections Company Overview - The company, established in 2006, transitioned to a joint-stock company in 2011 and was listed on the stock market in 2021, becoming the first effective management education stock in China [11][13]. - The ownership structure features family control and platform holdings, with significant employee stock options introduced in 2022 [15][16]. Industry Analysis - The management training industry is experiencing rapid growth, with a projected market size of over 900 billion yuan in 2023, expected to reach 1.32 trillion yuan by 2025 [2][30]. - The industry is characterized by a large number of small companies, with leading firms like the company and its competitor holding a low market share of 0.07% and 0.03% respectively [2][34]. Strategic Development - The "one core, two wings" strategy focuses on strengthening management training while expanding consulting and equity investment services, with a notable increase in consulting revenue [3][36]. - The company is actively pursuing opportunities for international expansion and enhancing its digital education offerings [1][11]. Financial Performance - The company has demonstrated strong profitability with a net profit margin that has shown a consistent upward trend, and it has maintained a high return on equity (ROE) and return on assets (ROA) [19][20]. - Revenue forecasts for 2024 to 2026 predict significant growth, with expected revenues of 863 million yuan, 1.036 billion yuan, and 1.191 billion yuan respectively [5][6].

Investment Rating - The report maintains a "Recommended" rating for the company [5][6]. Core Viewpoints - The company is positioned as the "first stock" in practical management education, aiming to become a global practical business school by providing comprehensive lifecycle services for enterprises, including management training, consulting, and learning tools [1][11]. - The management training business is the core focus, with a compound annual growth rate (CAGR) of 21.68% from 2020 to 2023, accounting for 88.56% of the business in 2023, with a gross margin of 82.16% [2][18]. - The company has adopted a "one core, two wings" strategy to enhance its market network and is actively seeking opportunities for international expansion [3][36]. - The company has a strong cash position with a high average dividend payout ratio, and it has seen a significant increase in new orders, indicating good growth potential [4][5]. Summary by Sections Company Overview - The company, Shanghai Action Education Technology Co., Ltd., was established in March 2006 and became the first stock in practical management education in April 2021 [1][11]. - It focuses on providing comprehensive knowledge services and intellectual support to small and medium-sized enterprises, aiming to build a world-class practical business school [1][11]. Industry Analysis - The management training industry is experiencing rapid growth, with a projected market size of over 900 billion yuan in 2023, expected to reach 1.3194 trillion yuan by 2025 [2][30]. - The industry is characterized by a large number of small companies, with leading firms having low market share, indicating significant growth opportunities for top players [2][34]. Strategic Development - The "one core, two wings" strategy focuses on strengthening management training while expanding management consulting and equity investment businesses [3][36]. - The company has established a digital platform for management consulting, enhancing service delivery and standardization [3][36]. Financial Performance - The company has a high asset quality with no interest-bearing debt, and a cash flow ratio of 1.34 times in 2023, indicating strong financial health [4][5]. - Revenue projections for 2024-2026 are 863 million yuan, 1.036 billion yuan, and 1.191 billion yuan, respectively, with corresponding net profits of 279 million yuan, 333 million yuan, and 393 million yuan [5][6].

Summary of Conference Call Company Overview - The conference call involved **Action Education**, discussing its performance and strategic plans for 2024 and 2025 [1][2]. Key Points and Arguments 1. **2024 Performance**: The company expects a profit growth of **20% to 25%** compared to 2023, indicating a strong recovery in Q4 2024 [2]. 2. **Strategic Plan for 2025**: The company introduced a "Hundred Filial Piety Plan" aimed at expanding its business and enhancing operational efficiency [2]. 3. **AI Integration**: Action Education is leveraging AI technology to improve internal processes and sales efficiency. This includes training new employees and enhancing customer management [3][4]. 4. **Customer Expansion**: The company is focusing on developing clients in non-consumer sectors, such as chemicals and renewable energy, while maintaining a stronghold in consumer industries [7][8]. 5. **Client Targeting**: The strategy emphasizes targeting large clients with revenues exceeding **300 million**. The company plans to segment its approach based on client size [8][11]. 6. **Course Offerings**: The company will introduce new elective courses based on market trends, including AI-related topics, to enhance its educational offerings [12]. 7. **Pricing Strategy**: A price increase for courses was implemented on January 1, 2025, raising the group price from **25,800** to **29,800** per person [6]. 8. **Profit Growth Target**: For 2025, the profit growth target is set at **10% to 15%**, with a focus on increasing attendance at courses rather than expanding the number of courses offered [5]. 9. **Client Resilience**: The company believes its clients possess strong resilience against economic pressures, which is reflected in their course attendance rates [13][24]. 10. **Sales Performance**: The sales team is expected to manage **30 to 50 clients** each, with strict performance metrics in place to ensure effective client engagement [19][20]. Additional Important Insights - **Dividend Policy**: The company has maintained a high dividend payout ratio of **96%** as of Q3, with limited room for further increases [23]. - **Market Conditions**: The macroeconomic environment is showing signs of improvement, which is expected to positively impact client confidence and course attendance [24]. - **Employee Training**: The company has seen improved performance from new employees in 2024 compared to 2023, attributed to the implementation of AI tools [26]. This summary encapsulates the essential insights from the conference call, highlighting the company's strategic direction, performance expectations, and market positioning.