教育培训行业诚信危机再度袭来。近日，安博教育旗下1对1品牌“京翰教育”被央视踢爆“师资骗局”，受此影响，安博教育股价暴跌26.77%，并于9月6日停牌。此前不久，学而思组织的超常补录视频被央视曝光后，其股价也一度大跌17%；而做空机构浑水公司一纸调查报告，也使得新东方股价曾应声而落20%。

Education and training industry credit crisis hit again.recently,Ember education its 1 on 1 brand"Beijing John education"Was CCTV reveal"Teachers scam",Affected by this,Ember education shares plunged 26.77%,And in September 6, suspended.Before this before long,Learn and think organization supernormal back tracking video was CCTV after exposure,Its share price has also been plunged 17%;And do empty institutions muddy water company a paper investigation report,Also make new Oriental shares have raised their fall 20%.

　　中国三大民办教育培训机构接连“中枪”，开始引发“蝴蝶效应”。目前，i美股中概教育指数(ED U 10)已跌至572.38，创下三年来新低。“种种迹象说明，国家在开始整顿这个市场、洗牌，使之回归理性，不再成为圈钱和暴利的工具。”恒利华教育执行董事、创始人吴厚利一语中的。

China's three big private education training institutions for"Shot in the",Began to cause"The butterfly effect".At present,I will share the beauty in education index(ED U 10)Already fell to 572.38,A new low for three years."All sorts of signs that,Countries in the market began to rectify/shuffle,The rational return,Is no longer a ring of money and profiteering tools."Constant education company executive director/WuHouLi founder accumulate funds.

　　目前，中国大部分民办教育培训机构隶属工商部门管理，教育部门能够监管的只是教学培训内容。而根据《民办教育促进法》，民办学校被定性为“民办教育事业属于公益性事业”，这使得新东方、学而思等纳斯达克上市公司处境尴尬。教育被认为是最不可能像工业时代的商品那样，被无限地复制。“它们缺乏一个业绩的支撑。在今天的快速调整背景当中，这类概念股往往是作为资金很快抛弃的品种。”大同证券投资顾问傅永冲如是分析。

At present,Most of China's private education training institutions under the ministry of commerce and management,Education department to supervision is teaching and training.According to[Private education promotion law],Private schools are qualitative for"Private education career belong to public welfare undertakings",This makes the new Oriental/Learning without thinking, etc companies listed on nasdaq stick out like a sore thumb.Education is considered the most impossible as the industrial age that the goods,Be infinitely copy."They lack a performance support.In today's rapid adjustment of background,This kind of concept stock is often as capital soon abandoned varieties."Datong securities investment consulting FuYongChong so analysis.

　　据德勤报告估算，2012年，中国教育市场将达到9600亿元人民币，但即便像新东方这样的行业老大，也没有占到整个市场的1%(新东方2012年的营收还不到8亿美元)。细分到中小学同步辅导市场，如果把新东方、学而思、学大、巨人和安博京翰一对一这5家公司的该项业务营收加在一起，也不到整个市场的2%。

According to deloitte report estimated,In 2012,,Chinese education market will reach 960 billion yuan,But even if like new Oriental such industry eldest brother,No account for 1% of the whole market(New Oriental 2012 revenue was less than $800 million).Segmentation to middle and primary school synchronous counseling market,If the new Oriental/Learn and think/Learn big/The giant and ember Beijing John one-on-one this 5 companies the business revenue added together,Less than 2% of the entire market.

　　而据业内人士透露，央视的“重磅炸弹”还没扔完，继安博后，英孚教育也因双重退款保证成空文、师资宣传涉嫌夸大、教学质量遭到质疑而被曝光，接下来央视还有一期节目未播出，下一个“中枪”的是谁还是未知数。

And according to the personage inside course of study has revealed,Of CCTV"blockbuster"Haven't throw out,The ember after,Ef education also because double money back guarantee into KongWen/Teachers suspected of exaggerated propaganda/The teaching quality were questioned by exposure,The next CCTV and a period not broadcast program,next"Shot in the"Who is still unknown.

　　采写：南都记者肖昕 实习生关恺欣

Collection &composition:SMW reporter XiaoXin interns GuanKaiXin