As of press release, China Education Holdings (00839) fell 6.48%, with a turnover of HK$23.9 million; China Science and Technology (01890) fell 6.59%, with a turnover of HK$5.41 million; Yuhua Education (06169) fell 6.9%, with a turnover of HK$1.27 million.
The Zhitong Finance App learned that education stocks declined. As of press release, China Education Holdings (00839) fell 6.48%, with a turnover of HK$23.9 million; China Science and Technology (01890) fell 6.59%, with a turnover of HK$5.41 million; Yuhua Education (06169) fell 6.9%, with a turnover of HK$1.27 million.
According to the news, on March 1, the Ministry of Education held a press conference to introduce the basic situation of education development in the country in 2023. According to the conference, in 2023, there were 498,300 schools at all levels and types across the country, a decrease of 202,000 from the previous year, a decrease of 3.9%; 291 million students enrolled in all levels of education, a decrease of 1,512,600 from the previous year, a decrease of 0.52%; and 18.917,800 full-time teachers, an increase of 114,200 over the previous year, an increase of 0.6%.
Guoxin Securities believes that the logic behind this round of the education sector's deep start can be summed up as “improving the business environment+highlighting the effects of model transformation.” The regulatory attitude of the education industry is gradually becoming clear, superimposed education companies' business models are being carried out in a more compliant form, and the results of the phased transformation are prominent. Education companies are all expected to show a strong recovery this year. Looking at the long term, after the double reduction policy, the supply side of education and training institutions was cleared by nearly 90%. The competitive pattern in the industry improved, and the industry's prosperity is expected to be maintained under the mismatch between supply and demand.