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. is preparing for its main board listing 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 [1][4]. Company Overview - Established in 2008, the company is a leading provider of digital education solutions for higher education institutions in China, focusing on the delivery and operation of digital educational content and teaching scenarios [4]. - The digital education market in China's higher education sector is highly fragmented, with the top five companies holding a total market share of only 12.9% as of 2024. The company ranks second in the overall digital education market with a 4.0% market share and first in the digital content production market with a 7.3% market share [4]. Product and Service Offerings - The company provides comprehensive services covering all critical aspects of education, including teaching, learning, practice, assessment, and management. It has developed 627 digital courses recognized as first-class undergraduate courses by the Ministry of Education [4]. - The company has introduced advanced services and products through a dual focus on technology and customer service, enhancing its understanding of teaching processes and the needs of higher education institutions [4]. Financial Performance - The company reported 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][7]. - Gross profits for the same periods were RMB 176 million, RMB 396 million, RMB 525 million, and RMB 129 million, with gross profit margins of 44.1%, 60.7%, 61.9%, and 46.9% [7][8]. - The revenue primarily comes from two service types: digital teaching content services and digital teaching environment services, indicating a diverse demand from higher education institutions [5].