Astro-Century Education & Technology Co.Ltd(300654) completed 244 million yuan of fixed added educational content AI system to help transform education big data operation

On March 15, Astro-Century Education & Technology Co.Ltd(300654) disclosed the report on the issuance of shares to specific objects. The report shows that the company issued 298431 million shares to 10 specific objects, including the controlling shareholder Beijing Zhihong Education Investment Co., Ltd., raising a total of about 244 million yuan. The final issue price was 8.18 yuan, 6.62 yuan higher than the reserve price, and the issue premium reached 123.56%.

Since this year, due to the significant adjustment of the A-share market, the fixed growth market has also been impacted. Investment institutions have raised the screening threshold of fixed growth targets, but listed companies with healthy fundamentals and clear industrial trends are still favored by investors Astro-Century Education & Technology Co.Ltd(300654) this offering received 25 quotation objects who actively participated in the subscription of fixed increase. Zhihong education, the controlling shareholder of the company, subscribed for 127.5 million yuan through this fixed increase, and subscribed for more than half of the fixed increase. The strong market subscription intention and the support of major shareholders prove that market investors recognize the long-term growth value of the company, and lay a good foundation for the transformation and upgrading of the company’s education publishing to smart education, obtaining capital assistance and winning value discovery.

All the funds raised in the “AI system” will be used for education. Relying on the company’s research and development in the field of cloud computing and artificial intelligence, K12 has increased the company’s investment in the field of education, application and other fields through the company’s “research and development of cloud computing technology and artificial intelligence” for many years, Help teachers accurately grasp students’ personalized learning, improve the efficiency of teaching links, reduce teachers’ workload, and enable each student to teach according to their aptitude.

After the implementation of this raised investment project, Astro-Century Education & Technology Co.Ltd(300654) will upgrade the education content with artificial intelligence on the basis of consolidating and expanding the existing market share, expand and extend from traditional teaching aid planning and distribution business to intelligent education business, which will help further improve the breadth and depth of the company’s education service system, enhance the ability of the company’s education service and brand awareness, It is beneficial for the company to grasp the good market opportunities faced by the industry under the national strategic layout. Ensure that the company can develop continuously and rapidly in the fierce industry competition in the future, and create new profit growth points for the company.

Some industry analysts pointed out that from the perspective of the large cycle, the informatization part of China’s education funds has changed from hardware construction to software and services, which will bring greater market space for education software and information services. Compared with the 10 billion level teaching aid market, Astro-Century Education & Technology Co.Ltd(300654) new smart education track has reached 100 billion level.

According to the data released by the prospective industry research institute, China’s education informatization funds continued to increase from 177.9 billion yuan in 2012 to 401.4 billion yuan in 2019, and are expected to reach 474.8 billion yuan in 2021. The new track will enable Astro-Century Education & Technology Co.Ltd(300654) to further improve the attributes of educational science and technology and educational service functions on the basis of the original teaching auxiliary business, upgrade to an educational big data operator, and open up more room for performance growth.

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