Core Viewpoint - 卓优智美教育咨询集团(江西)股份有限公司 has submitted an application for listing on the Hong Kong Stock Exchange's Growth Enterprise Market, with 中泰国际 as the sole sponsor [1]. Group 1: Company Overview - 卓优智美 is recognized as the largest children's and youth art training institution in China, holding approximately 0.1% and 1.8% market shares in the overall Chinese market and Jiangxi province, respectively, based on revenue from art training centers for the fiscal year ending December 31, 2024 [4]. - The company operates 114, 7, and 11 "小苹果" branded art training centers in Nanchang, Ganzhou, and Changsha, respectively [4]. Group 2: Course Offerings - The company provides a diverse range of courses for children aged 4 to 14, categorized into three main types of dance courses and five types of non-dance courses, including art, calligraphy, broadcasting, taekwondo, and vocal music [5]. - The average monthly registered student numbers for the fiscal years 2023, 2024, and the first five months of 2025 are approximately 36,100, 37,000, and 40,700, respectively, with around 87.9%, 88.9%, and 95.9% of revenue derived from course offerings during the same periods [5]. Group 3: Complementary Business Lines - In addition to its core art training business, the company has developed two complementary business lines: examination services and event organization, enhancing its market position [6]. - The examination services are significant in Jiangxi province, where the company is designated as an examination service provider by the authoritative dance association, enhancing its credibility and providing a standardized examination platform for students [6]. - The event organization business includes hosting internal performances and competitions, which serve to showcase students' learning outcomes and increase parental engagement [6]. Group 4: Financial Performance - For the fiscal years 2023 and 2024, the company reported revenues of approximately 128.09 million and 130.415 million RMB, respectively, with net profits of 11.873 million and 5.345 million RMB [7]. - The revenue for the first five months of 2024 and 2025 was approximately 46.99 million and 58.757 million RMB, with net losses of 1.943 million RMB in 2024 and a profit of 9.939 million RMB in 2025 [7][9].