教育行业2025年投资策略:三条掘金主线:需求复苏、业绩确定、AI赋能

国信证券股份有...
29 Dec 2024

2024年行业趋势回顾:政策清晰、供给回补、需求韧性、技术迭代1)政策清晰:2024年系列政策肯定了K9学段素养培训的转型成果,进一步明确高中学科培训不再新增供给、存量玩家运营的监管方针,监管态度更为清晰;2)供给回补:受益于政策明确行业在2024年迎来供给回升,天眼查数据显示2024年新增教育行业注册企业15.4万家,同比+62%,且新增企业以轻资产培训机构为主;3)需求韧性:立信数据研究院调研...

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