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K9线下营利性非学科牌照数量25年1月底较24年1月增长15.4%,学科类牌照整体保持收缩
K9线下营利性非学科牌照数量25年1月底较24年1月增长15.4%,学科类牌照整体保持收缩
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教育及招聘行业24年报业绩前瞻及25年策略:新竞争格局下的应对与顺周期的拐点-250212(27页).pdf
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环境稳定后有所恢复外,我们认为24年也难以排除行业内中小机构或个体存在一定的无序涌入,从而导致行业的竞争出现较快修复,并导致板块出现新门店招生24年爬坡周期相对22/23年增加,底价引流课等获客方式复现等情况。但伴随监管常态化的实施,以及中小个体在21年后脱离大机构后的生源流失及获客难度增加,25年起有望见到行业竞争格局逐渐回归大中型合规机构之间的有序竞争,而机构的教研教学质量、标准化服务能力将主导市占格局的变化。
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教育及招聘行业24年报业绩前瞻及25年策略:新竞争格局下的应对与顺周期的拐点-250212(27页).pdf
童程童美官方发布的可转课机构(截至1月27日)
成人&职教&招聘板块盈利预测与估值
K9线下营利性非学科牌照数量25年1月底较24年1月增长15.4%,学科类牌照整体保持收缩
K12教育季度收入及增速
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