According to the CICC research report, the valuation of the education sector continues to be adjusted due to policy concerns; in 2022, K12 education and training enterprises gradually transformed, favorable policies related to vocational education were issued, and the sector recovered somewhat, but the initial transformation model had not yet been verified, and offline training enrollment growth was limited due to the epidemic, etc., so the recovery rate was slow. Looking ahead to 2023, there is still room for restoration in the sector. It is recommended to pay attention to the progress of K12 education transformation, vocational training enrollment restoration after the epidemic, and the implementation of for-profit classification management expectations for higher education catalytic valuation repair.