天立国际控股(01773)民办教育龙头成功转型，扎根高中业务再出发

国泰君安07-01

投资要点：首次覆盖给予“增持”评级。预计公司FY2024-2026归母利润5.47/7.09/8.88亿元，对应FY2024-2026为16/12/10倍PE，增持。民办教育集团龙头，转型营利性高中服务供应商。①公司曾是国内知名K12一贯制民办学校集团龙头，21年《民促法》出台后应政策要求将相应业务剥离至体外经营，并提出“一干多支”战略，也即以营利性高中为重心、辅以素质培训、国际留学、产品销售等...

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