FENBI (02469) surged over 5% in late trading, rising 4.48% to HK$2.8 as of press time, with trading volume reaching HK$155 million. On the news front, following the launch of AI practice question system classes for civil service and public institution exams, as well as self-developed AI smart speaker hardware, FENBI has introduced a large language model-based AI evaluation system for teacher qualification interviews, providing candidates preparing for teacher certification interviews with a revolutionary intelligent study experience. Additionally, according to recent disclosures by FENBI, sales of its public institution AI practice classes exceeded 5,000 units shortly after launch. Huatai Securities previously indicated that it expects AI practice classes to accelerate sales momentum in the second half of the year as the national civil service exam approaches, with full-year sales potentially reaching approximately 200,000 users. Considering that the new AI products feature lower pricing, more personalized and efficient learning experiences, and greater resistance to piracy, they possess strong competitiveness and more stable profitability in the current market environment. The firm believes that AI products are expected to gradually replace traditional product formats in the medium to long term and penetrate a broader range of long-tail users, driving user growth and raising the profitability ceiling.