After the implementation of the "Double Reduction" policy, many education and training companies shut down their subject training businesses for compulsory education, resulting in asset impairment and a decline in revenue, which triggered significant fluctuations in the stock prices of these companies. With the overall improvement in the industry's operating conditions, the stock prices of education and training companies have generally rebounded in the past two years. Currently, several education and training companies, including SCHOLAR EDU, XUEDA, and DOUSHEN, have stock prices and market values that have exceeded those before the "Double Reduction."