Hong Kong Stock Hot Stock Analysis: Jiahong Education (01935.HK)

1. Stock Overview
   : Jiahong Education (01935.HK) is a Hong Kong-listed company focusing on private higher and secondary education services, operating three schools: Zhejiang Changzheng Vocational and Technical College, Zhengzhou University of Economics and Business, and Yueqing Jingyi Middle School, covering higher and secondary education fields [0].
2. Hotness Catalysts
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   • Industry Policy Benefits: The Chinese government continues to promote vocational education reform and encourage the development of private higher and vocational education; as a private education institution in Zhejiang and Henan provinces, the company is expected to benefit from policy dividends [0].
   • Financial Stable Growth: The 2025 interim results show that the company achieved revenue of RMB 535 million, a year-on-year increase of 3%, mainly driven by growth in tuition and accommodation fees due to increased enrollment quotas [1].
   • Clear Business Layout: The stable operation of the three schools provides a continuous revenue foundation for the company, and the business structure is relatively sound [0].
3. Data Restriction Note
   : Due to temporary access restrictions on data tools, real-time price and trading volume data around December 30, 2025 cannot be obtained. Historical data shows that the company’s stock has experienced low trading volume (such as undersubscription in the 2019 IPO) [2], but attention has increased after the release of the 2025 interim results.

• Vocational education policy dividends are the core long-term support: China’s policy support for vocational education will provide structural opportunities for the company’s development; its subsidiary Zhejiang Changzheng Vocational and Technical College, as a vocational education institution, is expected to benefit first [0].
• Diversified business layout reduces single risk: covering higher and secondary education fields reduces dependence on a single education level and enhances business stability [0].

• Continuous implementation of vocational education policies drives industry growth [0].
• Stable revenue growth and clear business structure attract investor attention [1].

• Regulatory Risk
  : China’s private education industry is strictly regulated by policies; policy changes may affect the company’s operations [0].
• Enrollment Risk
  : Student enrollment scale directly affects revenue; insufficient enrollment in the future will lead to performance decline [0].
• Competition Risk
  : The private education sector is highly competitive; continuous improvement of teaching quality is required to maintain market position [0].

Jiahong Education (01935.HK) became a hot Hong Kong stock on December 30, 2025, mainly driven by favorable vocational education policies, stable interim revenue growth, and clear business layout. Investors need to pay attention to policy changes in China’s education industry, the company’s subsequent performance announcements and enrollment situation, while noting risks such as regulation, enrollment, and competition.