Jiafa Education, Huawei and its peers jointly released the Huawei Smart Testing Solution on March 14-15, 2024. As Huawei's core partner in the field of smart education and smart testing, Jia Fa Education was invited to participate in the 2024 Education and Medical Summit of the “Born from Gathering, Digital Intelligence and Promising” Huawei China Partner Conference. Jiafa Education will join hands with Huawei to develop joint solutions and collaborative industry innovation to jointly help digitize education examinations.

Jia Fa Education and representatives of Huawei and peers jointly released the Huawei Smart Test Solution. As a listed company focusing on smart education and smart education, Jiafa Education has strong R&D capabilities and rich industry experience. The two sides will make full use of their respective technical and resource advantages to jointly develop and promote smart testing solutions. Promote the transformation of the education examination system through technological innovation, and provide strong support for the impartiality and accuracy of smart examinations.

Jiafa is deeply involved in the field of education, is demand-oriented, and incorporates AI technology into products and services. In 2023, the “AI+” strategy was officially proposed, and a “smart” education model was released. Relying on high-quality data accumulation and data processing technology, a series of AI innovations such as “Intelligent Test Behavior Analysis Solution”, “Physical and Chemical Laboratory AI Solution”, “AI Solution for Speaking English”, and “AI Solution for Physical Education” were launched.

Among them, the AI solution for English listening attracted the attention of participants with its unique “three digital terminals to quickly deploy common teaching scenarios to complete the English Speaking and Speaking Test in one volume” solution design. The solution leverages the advantages of artificial intelligence and big data technology, cleverly integrates the three major hardware devices of a central control management system, an intelligent mobile terminal, and an intelligent test headset, and makes full use of the normal classroom environment to solve test problems such as “multiple sets of papers” and “multiple batches” under the traditional computer room model.

The AI solution for physical education uses an innovative “integrated (3+5+N) wing” architecture, which comprehensively covers multiple dimensions such as physical education teaching, exercise, testing, competition and evaluation, sports atmosphere creation, etc., and supports applications in multiple scenarios such as smart sports spaces, smart playgrounds, smart sports warehouses, smart sports corners, smart mobile stations, and smart sports homes to meet the needs of different sports education scenarios.

Using the 5G+ cloud network, relying on AI machine vision recognition and data analysis technology, students' sports posture is accurately captured through intelligent terminal devices, sports data is comprehensively collected and intelligently analyzed, detailed data reports are generated, and personalized training plans are formulated for students based on students' physical fitness and skill levels to effectively and accurately improve students' sports performance. At the same time, this process also provides teachers with a scientific and objective basis for teaching evaluation, making physical education teaching more scientific and efficient, and sports examinations more fair and accurate.

We are optimistic about the promotion and market potential of the company's English AI listening solutions and sports AI solutions; in the field of education informatization, Jiafa has significant channel advantages. In the past two years, we have cultivated core products such as English Listening+Smart Sports+Physical and Chemical Laboratories based on the core business of standard testing. We believe that our competitiveness is clear, and we also have a large space for market demand.

Maintain profit forecasts and maintain “buy” ratings

As an important driver of digital construction, next-generation information technology highlights fairness, fairness and efficiency in the digital construction of educational examinations, breaking time and space limitations, and providing new ways to innovate personalized learning resources and assessment methods; through intelligent scoring and data analysis, scoring accuracy and efficiency have been significantly improved to achieve scientific and detailed judgment; and improve learning files to lay a solid foundation for lifelong learning and all-round development. We expect the company's net profit to be 1.40/2.50/330 million yuan in 23-25 years, EPS 0.35/0.63/0.83 yuan/share, respectively, and corresponding PE 41/23/17X, respectively.

Risk warning: risks such as declining macroeconomic sentiment; increased risk due to industry competition; repeated impact of the epidemic on project delivery; policy implementation falling short of expectations; gross margin fluctuation with business structure