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    Jing Yuan

    Research Analyst at China International Capital Corporation

    Jing Yuan is an Analyst at China International Capital Corporation, specializing in equities research and providing analysis for leading companies in the Chinese market. Yuan covers a range of firms across key sectors, with a strong track record documented by consistent performance and industry benchmarks such as TipRanks, where analysts at CICC have historically ranked high for research quality and investment returns. Having started their career in investment analysis in the early 2010s, Yuan joined China International Capital Corporation after positions at several domestic financial institutions. Jing Yuan holds securities licenses and is registered with relevant regulatory bodies, underscoring professional credentials and a reputation for insightful, reliable market research.

    Jing Yuan's questions to Youdao (DAO) leadership

    Jing Yuan's questions to Youdao (DAO) leadership • Q2 2025

    Question

    Jing Yuan from China International asked if the year-over-year revenue decline in the Smart Device segment would see improvement in the second half of the year.

    Answer

    CEO Dr. Feng Zhou explained that the primary goal for the Smart Device segment is improving business health, which has progressed despite the Q2 revenue decline. He confirmed the strategy focuses on dictionary pens and new tutoring pens powered by the Confucius LLM. Dr. Zhou anticipates a new product launch next week will help drive metric improvements in H2 2025.

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    Jing Yuan's questions to TAL Education (TAL) leadership

    Jing Yuan's questions to TAL Education (TAL) leadership • Q1 2026

    Question

    Jing Yuan of CICC asked about the drivers behind the solid Q1 margin performance, inquired about specific cost optimization measures, and sought commentary on the company's margin outlook.

    Answer

    Jackson Ding, Deputy CFO, attributed the margin improvement to three key drivers: operating leverage from a larger revenue base, operational refinements across the workflow, and leveraging technology such as AI-powered learning coaches and AI-driven content production. Looking forward, Ding stated that the primary focus remains on sustainable long-term growth over short-term financial metrics, with continued strategic investments and flexible resource allocation to support this goal.

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