粉笔竞争激烈致业绩承压,AI应用有望破局

信达证券
Aug 05

事件:公司发布盈利预警,25H1收入不少于14.7亿元、同减不超过9.7%,经调整净利润不少于2.6亿元、同减不超过25.5%。点评:招录培训行业竞争依旧激烈,致业绩承压。我国招录培训行业短期竞争依旧激烈,导致培训业务销量下滑,收入同比下滑。我们认为,拆分来看,在线大班课受影响更为显著,而在线大班课毛利率较高,因此利润的下滑幅度超过收入下滑幅度。推出AI刷题系统班,树立教育AI应用领先地位。25年...

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