新股消息 | 卓越睿新数码通过港交所聆讯 公司已交付超过4.4万款数字化教育内容产品

Core Viewpoint - Shanghai Zhuoyue Ruixin Digital Technology Co., Ltd. (Zhuoyue Ruixin Digital) has successfully passed the listing hearing on the Hong Kong Stock Exchange, with Agricultural Bank of China International as its sole sponsor. The company has delivered over 44,000 digital education content products and covers 12 recognized subject categories and 92 majors by the Ministry of Education during the track record period [1]. Company Overview - Established in 2008, Zhuoyue Ruixin Digital is a well-known provider of digital solutions for higher education institutions in China, focusing on the delivery and operation of digital education content and teaching scenarios [4]. - The company offers comprehensive services covering all critical aspects of education, including teaching, learning, practice, assessment, and management [4]. Market Position - The Chinese higher education digital teaching market is highly fragmented, with the top five companies holding a total market share of only 12.9% as of 2024. Zhuoyue Ruixin Digital ranks second in the overall market with a 4.0% market share and first in the digital teaching content production market with a 7.3% market share [4]. - The company has 627 digital courses recognized as first-class undergraduate courses by the Ministry of Education, indicating its strong position in the market [4]. Financial Performance - The company recorded revenues of RMB 400 million, RMB 653 million, RMB 848 million, and RMB 275 million for the fiscal years ending June 30 for 2022, 2023, 2024, and the first half of 2025, respectively [5][6]. - Gross profits for the same periods were RMB 176 million, RMB 396 million, RMB 525 million, and RMB 129 million, with corresponding gross profit margins of 44.1%, 60.7%, 61.9%, and 46.9% [6][7]. - The revenue primarily comes from two service types: digital teaching content services and digital teaching environment services, reflecting the diverse needs of higher education institutions [5]. Product and Service Development - Zhuoyue Ruixin Digital began with course digitization services, helping clients convert traditional teaching content into digital formats. The company has introduced virtual simulation development in 2020 and knowledge graph construction in 2022 to enhance interactive and personalized learning experiences for students [5].