高途集团:乐观预期25Q1营业利润表现 我们预计伴随规模效应提升公司盈利有望加速释放

天风证券
19 Apr

我们预计伴随规模效应提升公司盈利有望加速释放我们认为,教育行业天然具备较强规模效应,特别是伴随学生留存,逐步摊薄招生成本,带动学生人均利润向上;同时,用户增长可充分释放规模效应,带动净利率增长。此外,伴随AI 工具逐步成熟,带动公司降本增效,也同样利好毛利率增长及费用率减少。综合来看,我们乐观预期25Q1 公司收入以及利润端表现。AI 赋能教育高途的“解题方程式”AI 技术正重塑教育模式,个性化...

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