FENBI (02469) has released a performance forecast indicating that for the period ending December 31, 2025, the company expects to record revenue of no less than RMB 2.656 billion. The adjusted net profit is projected to be no less than RMB 270 million. In 2025, as age restrictions for civil service and public institution examinations were further relaxed, application enthusiasm continued to rise. According to data from the National Civil Service Administration, 3.718 million individuals applied for the 2026 national civil service examination, with a ratio of qualified applicants to available positions of approximately 98:1, demonstrating that long-term demand in the employment services market remains solid. User feedback indicates that FENBI's series of AI products have garnered significant attention. Official data shows that by the end of 2025, FENBI's AI products had served over 30 million users, including more than 2.38 million paying users, reflecting steady growth in the user base. As of November 2025, FENBI's AI-powered mock interviews had been used 4.88 million times, becoming a crucial component of user exam preparation. In terms of technology investment, FENBI has continued to increase its focus on AI research and development. In 2025, the company reallocated its entire unused IPO proceeds of HKD 60.8 million, with HKD 12 million specifically dedicated to the research, development, and commercialization of vertical AI models, and HKD 48.8 million allocated for high-end AI talent acquisition and infrastructure development. Through consistent technological investment and over a decade of accumulated expertise in teaching and research, FENBI is actively capitalizing on the accelerating integration of vocational education and artificial intelligence, thereby strengthening its first-mover advantage in the "AI + employment" sector. It is reported that in 2026, FENBI plans to further expand its service scope, aiming to build a "one-stop employment service platform" for over 70 million users. Leveraging its self-developed large vertical model for vocational education, the company intends to provide comprehensive, full-cycle employment services.