Core Viewpoint -卓越睿新 (02687) has been listed today, experiencing a significant surge of over 80% in its stock price, closing at 123 HKD with a trading volume of 115 million HKD [1] Company Overview -卓越睿新 is a provider of digital solutions for higher education institutions, established in 2008 and launched its brand "Smart Tree" in 2013 [1] -According to Frost & Sullivan,卓越睿新 ranks second in the Chinese higher education digital teaching market by revenue, holding a market share of 4.0% as of 2024 [1] -The company ranks first in the digital teaching content production market within Chinese higher education, with a market share of 7.3% [1] Financial Performance -For the years 2022 to the first half of 2025, the company's revenues were 400 million, 653 million, 848 million, and 275 million HKD respectively [1] -The gross profit margins for the same periods were 44.1%, 60.7%, 61.9%, and 46.9% [1] -However, due to seasonal industry patterns, the company's net profit attributable to shareholders for the first half of this year was -98.96 million HKD [1]

Core Viewpoint -卓越睿新 (02687) has been listed today, experiencing a significant surge of over 80%, with a current price of 123 HKD and a trading volume of 115 million HKD [1] Group 1: Company Overview -卓越睿新 is a provider of digital solutions for higher education institutions, established in 2008 and launched the brand "Wisdom Tree" in 2013 [1] -According to Frost & Sullivan,卓越睿新 ranks second in the Chinese higher education digital teaching market by revenue, holding a market share of 4.0% as of 2024 [1] -The company ranks first in the digital teaching content production market within Chinese higher education, with a market share of 7.3% [1] Group 2: Financial Performance -From 2022 to the first half of 2025, the company's revenues were 400 million, 653 million, 848 million, and 275 million respectively [1] -The gross profit margins for the same period were 44.1%, 60.7%, 61.9%, and 46.9% respectively, indicating a relatively high level of profitability [1] -However, due to seasonal industry patterns, the company's net profit attributable to shareholders for the first half of this year was -98.96 million [1]

公开资料显示，卓越睿新本次全球发售666.67万股H股，发行价确定为每股67.50港元，公开发售超额认购达4813.4倍。招股书显示，卓越睿新是一家国内高 等教育教学数字化解决方案提供商，公司产品与服务覆盖教、学、练、考、评、管等环节。 2022年至2024年，卓越睿新收入为4亿元（人民币，下同）、6.53亿元、8.48亿元，对应净利润分别为-5911万元、8142万元、1.05亿元。2025年上半年，卓 越睿新收入为2.75亿元，净利润为-9895.6万元。 来源：上海证券报·中国证券网 上证报中国证券网讯（记者 唐燕飞）12月8日，卓越睿新登陆港交所主板，股价高开23.85%，盘中一度涨超32%。截至10时42分，卓越睿新涨24.67%，报 84.15港元/股，成交额超9000万港元，总市值约为56亿港元。 | | HK 卓越容新 | | | | --- | --- | --- | --- | | | 02687 L2 ▼ | | | | 84.150 >> | 83.600 最高 | 89.500 最低 | | | 换手 24.67% 16.650 | 1.67% 总量 103.7万股 金额 | | | ...

Group 1 - The core point of the article is the successful listing of卓越睿新 (02687) on the stock market, with shares priced at HKD 67.50 and a total issuance of 6.6667 million shares, raising approximately HKD 394 million in net proceeds [1] - As of the report, the stock has increased by 23.85%, trading at HKD 83.6 with a transaction volume of HKD 74.0574 million [1] -卓越睿新 is recognized as a leading provider of digital solutions for higher education institutions in China, focusing on digital educational content and teaching environments [1] Group 2 - According to Frost & Sullivan, the top five companies in the Chinese higher education digital market hold a combined market share of 12.9% as of 2024 [1] -卓越睿新 ranks second in revenue among all companies in the Chinese higher education digital teaching market with a market share of 4.0% for 2024 [1] - In the digital content production market for higher education in China, the company holds the first position with a market share of 7.3% [1]

Core Viewpoint -卓越睿新 (02687) has successfully listed its shares at a price of HKD 67.50, raising approximately HKD 394 million, with a notable initial increase of 23.85% to HKD 83.6 per share [1] Company Overview -卓越睿新 is a prominent provider of digital solutions for higher education institutions in China, focusing on digital educational content and teaching environments [1] - The company's services encompass all critical aspects of education, including teaching, learning, practice, assessment, and management [1] Market Position - According to Frost & Sullivan, the top five companies in the Chinese higher education digital market hold a combined market share of 12.9% as of 2024 [1] -卓越睿新 ranks second in revenue among all companies in the Chinese higher education digital teaching market, with a market share of 4.0% [1] - In the digital content production segment for higher education, the company holds the top position with a market share of 7.3% [1]

Core Viewpoint - Shanghai Zhuoyue Ruixin Digital Technology Co., Ltd. has successfully completed its global offering, with the final issue price set at HKD 67.50 per share [1] Group 1: Offering Details - The total number of H-shares issued in the global offering is 6,666,700 shares, with 666,700 shares allocated for public offering in Hong Kong and 6,000,000 shares for international placement [1] - The total proceeds from the offering amount to HKD 450 million, with a net amount of HKD 390 million after deducting estimated listing expenses of HKD 56.35 million [1] Group 2: Subscription Performance - The Hong Kong public offering saw a strong performance, with a total of 135,193 valid applications and a subscription rate of 4,813.40 times [1] - For the international placement, there were 77 participants with a subscription rate of 2.33 times [1] - The final allocation for the Hong Kong public offering remains at 666,700 shares, accounting for 10% of the total global offering, while the international placement accounts for 90% with 6,000,000 shares [1] Group 3: Underwriting Team - ABCI acted as the sole sponsor, sole overall coordinator, sole global coordinator, and sole bookrunner for the global offering [1] - Agricultural Bank of China International, Livermore Securities, and Tiger Brokers served as joint lead managers [1] Group 4: Trading Information - Zhuoyue Ruixin's H-shares are expected to commence trading on the Hong Kong Stock Exchange on December 8, 2025, with a trading unit of 100 shares [1]

卓越睿新(02687)公布配发结果，公司全球发售666.67万股H股，香港公开发售占10%，国际发售占 90%。每股发售价67.5港元，全球发售净筹约3.94亿港元。每手100股H股，预期H股将于2025年12月8日 (星期一)上午九时正开始在联交所买卖。 其中，香港公开发售获4813.4倍认购，国际发售获2.33倍认购。 ...

智通财经APP讯，卓越睿新(02687)公布配发结果，公司全球发售666.67万股H股，香港公开发售占 10%，国际发售占90%。每股发售价67.5港元，全球发售净筹约3.94亿港元。每手100股H股，预期H股 将于2025年12月8日(星期一)上午九时正开始在联交所买卖。 其中，香港公开发售获4813.4倍认购，国际发售获2.33倍认购。 ...

格隆汇12月5日丨卓越睿新(02687.HK)公告，公司全球发售6,666,700股H股，每股H股67.50港元，所得 款项净额3.94亿港元。香港公开发售股份数目占全球发售股份数目10%，获认购4,813.40倍；国际发售 股份数目占全球发售股份90%，获认购倍2.33倍。 假设全球发售于2025年12月8日(星期一)上午八时正(香港时间)或之前成为无条件，则预期H股将于2025 年12月8日(星期一)上午九时正(香港时间)在联交所开始买卖。H股将以每手100股H股进行买卖，H股的 股份代号将为2687。 ...

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