本季度信息
博骏教育2026年中期财报显示，报告期内实现营收1.81亿元，同比下降12.9%。毛利约7,226.70万元，较上一年同期的1.07亿元减少32.5%，毛利率从51.7%下降至40.0%。经营活动现金流量净额从上一年同期的1,610.20万元降至-1.90亿元。
成本结构方面，销售费用约2,440万元，同比上升17.4%；行政开支约7,291万元，同比上升30.2%，主要系在职教业务拓展与学校经营管理相关支出增加导致。
业务分项
博骏教育主要包括学费及寄宿费与教育咨询及管理服务两大业务。期内，学费及寄宿费板块收入约1.80亿元，同比下降13.1%，主要受初中毕业生数量下降、财政补贴与生均拨款减少，以及部分学生欠费增加等多重因素影响。教育咨询及管理服务费收入约44.30万元，该业务在报告期内开始确认。
由于适龄学生数量波动，期末在校生总数为28,845名，同比减少7.2%。集团通过迭代优化教学质量与加强品牌建设，持续推进职业教育板块发展。
（高管解读内容未在公告中披露，相关表述从略）
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