Group 1 - The core point of the article is that the company plans to establish a wholly-owned subsidiary in the Hengqin Guangdong-Macao Deep Cooperation Zone to accelerate its expansion in the South China market and promote sustainable development [1] Group 2 - The new subsidiary, tentatively named Zhonggong Zhiyuan (Zhuhai Hengqin) Education Technology Co., Ltd., will have a registered capital of 150 million yuan [1]

Core Viewpoint - The company, Zhonggong Education, is expanding its strategic layout by establishing a wholly-owned subsidiary in the Hengqin Guangdong-Macao Deep Cooperation Zone to enhance business collaboration in the Greater Bay Area [1] Group 1 - The subsidiary, Beijing Zhonggong Zhiyuan Technology Co., Ltd., plans to set up a new entity named Zhonggong Zhiyuan (Zhuhai Hengqin) Education Technology Co., Ltd. with a registered capital of 150 million yuan [1] - This move aims to accelerate the expansion into the South China market and promote the company's sustainable development [1]

证券代码：002607 证券简称：中公教育 公告编号：2025-083 中公教育科技股份有限公司 关于对外投资注册子公司的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈 述或重大遗漏。 一、对外投资概述 1、投资基本情况 为深化战略布局、加强大湾区业务协同，中公教育科技股份有限公司（以下简 称"公司"）旗下全资子公司北京中公致远科技有限公司拟在横琴粤澳深度合作区 设立全资子公司中公致远（珠海横琴）教育科技有限公司（暂定名，以市场监督管 理局核定为准），注册资本 15,000 万元，以加速拓展华南区域市场，促进公司可持 续性发展。 2、审议情况 2025 年 11 月 20 日，公司第七届董事会第七次会议审议通过了《关于对外投资 注册子公司的议案》，同意设立上述全资子公司。根据《深圳证券交易所股票上市 规则》及《公司章程》等相关规定，上述投资设立全资子公司事项无须提交公司股 东会审议。 3、本次对外投资设立全资子公司不构成关联交易，不构成《上市公司重大资产 重组管理办法》规定的重大资产重组。 二、拟注册公司情况 1、拟注册公司名称：中公致远（珠海横琴）教育科技有限公司 2 ...

中公教育科技股份有限公司 证券代码：002607 证券简称：中公教育 公告编号：2025-082 第七届董事会第七次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈 述或重大遗漏。 一、董事会会议召开情况 中公教育科技股份有限公司（以下简称"公司"）第七届董事会第七次会议于 2025 年 11 月 20 日在北京市海淀区学清路 23 号汉华世纪大厦 B 座会议室以现场结 合通讯表决的方式召开。会议通知已于 2025 年 11 月 17 日通过微信及电子邮件的方 式送达各位董事。本次会议应出席董事 7 人，实际出席董事 7 人。其中，董事金桦、 江涛、江荣海及陈玉琴以通讯表决的方式参会。会议由公司董事长李永新先生主持， 公司全体高级管理人员列席了会议。本次会议的召集和召开符合《中华人民共和国 公司法》等相关法律法规、规范性文件和《公司章程》的有关规定。 二、董事会会议审议情况 为深化战略布局、加强大湾区业务协同，大力发展华南区域业务，公司旗下全资 子公司北京中公致远科技有限公司拟在横琴粤澳深度合作区设立全资子公司中公致 远（珠海横琴）教育科技有限公司（暂定名，以市场 ...

Market Overview - The education sector experienced a decline of 1.56% on November 20, with Xueda Education leading the drop [1] - The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1] Individual Stock Performance - Xueda Education's stock price fell by 5.28% to 37.69, with a trading volume of 42,200 shares and a turnover of 162 million yuan [2] - Other notable declines included ST Kaiyuan down 4.16%, Kevin Education down 3.13%, and Action Education down 2.72% [2] - The overall trading volume and turnover for the education sector showed significant activity, with various stocks experiencing both gains and losses [1][2] Capital Flow Analysis - The education sector saw a net outflow of 82.801 million yuan from institutional investors, while retail investors had a net inflow of 88.948 million yuan [2] - Major stocks like China High-Tech and Guomai Technology had varying levels of net capital inflow and outflow, indicating mixed investor sentiment [3] - The data suggests that while institutional investors are pulling back, retail investors are actively participating in the market [2][3]

Market Overview - The education sector experienced a decline of 1.53% on November 19, with Chuangye Heima leading the drop [1] - The Shanghai Composite Index closed at 3946.74, up 0.18%, while the Shenzhen Component Index closed at 13080.09, unchanged [1] Individual Stock Performance - Kevin Education (002659) saw a closing price of 6.07, with an increase of 4.84% and a trading volume of 702,700 shares, amounting to a transaction value of 429 million [1] - China High-Tech (600730) closed at 10.30, up 2.28%, with a trading volume of 298,500 shares and a transaction value of 307 million [1] - ST Chuan Zhi (003032) closed at 6.81, down 0.15%, with a trading volume of 50,600 shares and a transaction value of 34.17 million [1] - Other notable declines include: - Zhong Gong Education (2.70, -1.10%) [1] - Angli Education (10.74, -1.29%) [1] - Action Education (40.77, -1.52%) [1] - Quantu Education (5.80, -1.53%) [1] - ST Guohua (8.71, -1.80%) [1] - Kede Education (19.42, -1.87%) [1] - Xueda Education (39.79, -2.16%) [1] Capital Flow Analysis - The education sector saw a net outflow of 113 million from institutional investors, while retail investors experienced a net inflow of 24.04 million [2] - The main capital inflow and outflow for selected stocks include: - Kevin Education: Net inflow of 65.58 million from main capital, with a net outflow of 74.17 million from retail [3] - China High-Tech: Net inflow of 22.82 million from main capital, with a net outflow of 28.00 million from retail [3] - ST Dong Shi: Net inflow of 0.74 million from main capital, with a net inflow of 3.58 million from retail [3] - ST Kai Yuan: Net outflow of 7.02 million from main capital, with a net inflow of 3.14 million from retail [3]

Core Insights - The education sector experienced a slight increase of 0.31% on November 18, with ST Kaiyuan leading the gains [1] - The Shanghai Composite Index closed at 3939.81, down 0.81%, while the Shenzhen Component Index closed at 13080.49, down 0.92% [1] Stock Performance - ST Kaiyuan (300338) saw a closing price of 4.69, with a significant increase of 10.61% and a trading volume of 338,600 shares, resulting in a transaction value of 154 million yuan [1] - Other notable performers included ST Dongshi (603377) with a 5.10% increase, closing at 4.33, and Chuangyeti Ma (300688) with a 2.94% increase, closing at 32.22 [1] - Conversely, Kevin Education (002659) and Guomai Technology (002093) experienced declines of 2.20% and 1.48%, closing at 5.79 and 12.01 respectively [2] Capital Flow - The education sector saw a net inflow of 100 million yuan from institutional investors, while retail investors experienced a net outflow of approximately 91 million yuan [2] - The capital flow data indicates that major stocks like Kede Education (300192) and Chuangyeti Ma (300688) attracted significant net inflows of 50.16 million yuan and 45.88 million yuan respectively [3] - In contrast, stocks like Xueda Education (000526) and Angli Education (600661) faced net outflows of 1.19 million yuan and 1.49 million yuan respectively [3]

Core Insights - The education sector experienced a rise of 1.57% on November 17, with Kede Education leading the gains [1] - The Shanghai Composite Index closed at 3972.03, down 0.46%, while the Shenzhen Component Index closed at 13202.0, down 0.11% [1] Education Sector Performance - Kede Education (300192) closed at 19.28, up 6.28%, with a trading volume of 295,400 shares and a transaction value of 562 million [1] - Chuangye Denghao (300688) closed at 31.30, up 4.40%, with a trading volume of 149,000 shares [1] - Dou Shen Education (300010) closed at 6.82, up 2.56%, with a trading volume of 478,000 shares [1] - Guomai Technology (002093) closed at 12.19, up 2.44%, with a trading volume of 155,710 shares [1] - Quantu Education (300359) closed at 5.85, up 2.27%, with a trading volume of 113,100 shares and a transaction value of 65.56 million [1] - Kevin Education (002659) closed at 5.92, up 1.89%, with a trading volume of 162,100 shares and a transaction value of 95.41 million [1] - Other notable performances include Bo Rui Communication (600880) up 1.57% and Xingdong Education (605098) up 0.97% [1] Capital Flow Analysis - The education sector saw a net inflow of 32.33 million from institutional investors, while retail investors experienced a net outflow of 52.06 million [2] - Kede Education had a net inflow of 30.19 million from institutional investors, while retail investors had a net outflow of 26.26 million [3] - Chuangye Denghao recorded a net inflow of 23.62 million from institutional investors, with retail investors seeing a net outflow of 35.19 million [3] - Dou Shen Education had a net inflow of 22.35 million from institutional investors, while retail investors had a net outflow of 16.70 million [3]

1、截至本公告披露日，控股股东李永新及其一致行动人累计被质押股份707,083,598股，占其所持股份 的比例为64.78% ，占公司总股本的比例为11.46%；累计被司法冻结及标记股份911,909,030股，占其所 持股份的比例为83.54%，占公司总股本的比例为14.79%；累计被轮候冻结股份（含本次）366,310,887 股，占其所持股份的比例为33.36%，占公司总股本的5.94%。 2、鉴于控股股东李永新及其一致行动人持有的本公司股份累计被质押及冻结的比例较高，存在债务负 担较重、资金链紧张的情况，若后续未能以其除持有公司股票以外的资产偿还债务，则其持有的公司股 份存在后续被采取司法处置或强制执行等风险，进而影响公司控制权稳定性。请投资者注意相关风险。 登录新浪财经APP 搜索【信披】查看更多考评等级 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导性陈述或重大遗 漏。 特别风险提示： 一、本次股东股份被轮候冻结的情况 中公教育科技股份有限公司（以下简称"公司"）近日通过查询中国证券登记结算有限责任公司业务系 统，获悉公司股东李永新所持有的本公司部分股份被轮候冻结。具 ...

Core Viewpoint - The article discusses the transformation of anxiety into income within the education and training industry, particularly focusing on the civil service examination training sector, which has seen a significant increase in applicants but a decline in revenue for leading training institutions [4][5]. Group 1: Industry Dynamics - The number of applicants for civil service examinations has increased by 1.4 times over the past five years, reaching 3.718 million in the latest round of applications [8]. - Despite the surge in applicants, leading training institutions like Zhonggong Education and Fenbi have reported revenue declines of 20.2% and 8.5% respectively in the first half of the year [5][8]. - The training model known as "agreement classes," which allows for refunds if students do not pass, has contributed to a significant increase in refund rates, from 44.14% in 2019 to 68.46% in 2021 for Zhonggong Education [14]. Group 2: Financial Challenges - The financial strain on training institutions is evident, with Zhonggong Education reporting cash reserves of 1.77 billion yuan and pending refunds amounting to 4.82 billion yuan [12][14]. - The business model has shifted from earning "tuition fees" to "result fees," where institutions rely on a small number of successful students to cover the refunds for the majority who do not pass [14][16]. - The investment income for Zhonggong Education has decreased significantly, from 79.27 million yuan in 2021 to 5.78 million yuan in 2024, indicating a decline in profitability [14]. Group 3: Market Competition - The civil service training market is experiencing increased competition from smaller institutions and new entrants leveraging social media platforms, which has intensified the market dynamics [10][11]. - The influx of competitors has led to a decrease in sales efficiency for leading institutions, with Zhonggong Education's sales expense ratio increasing by 6 percentage points to 25.4% [8][10]. Group 4: Strategic Shifts - In response to the challenging environment, Zhonggong Education has begun restructuring, reducing its workforce from 45,000 to 7,888 and cutting down its direct branches from 1,669 to 681 [16]. - The company is exploring new business avenues, including health services and AI employment training, although these initiatives currently contribute less than 3% to overall revenue [16][17]. - The strategic focus has shifted towards becoming an "employment and re-employment service provider," indicating a pivot from traditional training to broader employment services [17].