The company released a three-quarter report

The company's 24Q3 revenue of 0.5 billion decreased by 22%; net profit to mother of 0.02 billion increased by 86%, and net profit after deducting 0.015 billion to mother increased 163%;

24Q1-3's revenue of 1.5 billion decreased by 16%, net profit to mother of 0.0005 billion increased by 102%, and net profit after deducting non-return to mother of -0.006 billion increased by 80%.

24Q1-3's gross profit margin of 15.90% increased by 2.49pct; net profit margin 0.07% increased by 1.21pct.

In the education sector, Shengtong is actively implementing science and education to revitalize the country, adding artificial intelligence education and emerging technology education courses. A series of AI creation courses developed based on intelligent spectrum AI are continuously adjusted and optimized during the trial operation and implementation stages to meet the needs of a wider range of users with a richer and more diverse curriculum system, while enhancing the competitive advantage of enterprises in the field of science and technology quality education.

In terms of the competition, relying on the rich teaching and competition experience of the Shengtong Education Competition coaching team, as well as carrying out targeted professional training activities, the student team achieved good results in activities such as the XinOlympics and whitelist events.

In addition, Shengtong Education Group insists on expanding the incremental “collaborative network” of business, expanding the “circle of friends” in the field of science and education, and cooperating with China Children's Center, China Guanghua Science and Technology Foundation, China's **** Youth Science and Culture Exchange Center, and provincial women's and children's activity centers, municipal children's palaces, and youth activity centers in many places to provide scientific education courses such as programming education, robotics education, scientific experiments, artificial intelligence, etc., and hold various science and technology promotion activities, so that Shengtong's program with “cultivating excellence in science and technology” as the core is rapidly popularized throughout the country. Raise the overall level of informatization of science and technology education in the region.

At the same time, Shengtong Education, together with enterprises such as Yushu Technology, DJI Education, Tencent Education, and Preferred Education, is using digitalization and informatization to develop a science and technology education industry and model that suits the Chinese youth community. In this way, we will continue to expand ecological services throughout the science and technology education industry chain, help the steady development of the “printing+education” dual main business, and move the company's business model into a healthier business path.

Adjust profit forecasts to maintain “gain” rating

Based on the 24Q1-3 performance, uncertainty in the overall consumption environment or hampering the company's printing business, we adjusted the profit forecast. The company's net profit for 24-26 was 0.07, 0.4, and 0.11 billion yuan (the original value was 0.03, 0.5, and 0.12 billion yuan), EPS was 0.01, 0.07, and 0.20 yuan (the original value was 0.01, 0.09, and 0.23 yuan), and PE was 621X, 104X, and 39X, respectively.

Risk warning: risk of macroeconomic fluctuations; fluctuation in raw material prices; decline in printing business profits.