Core Insights - The article discusses the launch of new learning machines by Xueersi, focusing on the integration of AI and high-quality content to enhance the learning experience [1][2] Group 1: Product Features - Xueersi introduced three series of learning machines: P, S, and T, designed to cater to different educational stages and learning needs [3] - The "Xiao Si AI 1-on-1" feature allows for proactive engagement with students, providing continuous dialogue and personalized content generation based on learning conditions [2] - The learning machines utilize the DeepSeek and Jiuzhang dual-core models, enhancing intelligent interaction and precise analysis capabilities [1][3] Group 2: Educational Resources - The total course content available on the learning machines has reached 16 million minutes, with 4 million minutes added since launch, alongside 850,000 sets of real questions and 700 million questions [3] - Xueersi has established exclusive partnerships with authoritative educational resources, including the TOEFL Junior exam, to enhance the quality of learning materials [3] - The company has introduced a "New Curriculum Connection Course" to help students transition smoothly to new educational standards, ensuring alignment with core textbook content [3] Group 3: User Engagement and Support - The T4 series flagship product features a comprehensive AI capability, providing one-stop intelligent homework assistance and detailed homework reports for parents [4] - The learning machines include functions like Pomodoro timers and focus modes to help students develop good study habits [4] - The "Exploration Mode" is designed to stimulate students' interest in learning through engaging tasks, fostering independent learning skills [4]

Financial Data and Key Metrics Changes - The company achieved year-over-year top-line growth of 11% to RMB 189.2 million for the full year 2024, driven by strategic market expansion and new contract acquisitions [7] - Net revenues for Q4 2024 were RMB 36.6 million, reflecting a 22.7% decrease from RMB 47.3 million in Q4 2023, primarily due to reduced revenues from district-level flagship projects [29] - Net loss on a GAAP basis for Q4 2024 was RMB 63.7 million, a decrease of 35.2% from RMB 98.4 million in Q4 2023 [26][33] - Adjusted net loss (non-GAAP) for Q4 2024 was RMB 40.1 million, down 51.0% from RMB 81.8 million in Q4 2023 [34] - Gross margin for Q4 2024 was 33.6%, compared to 43.4% in Q4 2023, mainly due to a lower-margin legacy project [27] Business Line Data and Key Metrics Changes - The small subscription business model experienced triple-digit growth year-over-year, supported by strong retention rates and multi-year subscription renewals [9][12] - The school-based subscription model has shown rapid growth, with a significant increase in the number of newly subscribed students [12] - More than 90% of customers whose contracts were up for renewal chose to continue their subscriptions, indicating strong customer loyalty [14] Market Data and Key Metrics Changes - The company has focused on strategic market penetration through channel diversification and customer-centric innovations, improving customer acquisition efficiency [23] - Multi-channel marketing initiatives and strategic partnerships have solidified the company's presence in high-growth markets [24] Company Strategy and Development Direction - The company is committed to advancing educational digitalization and enriching learning experiences, with a dual focus on innovation and sustained growth [36] - There is a strong emphasis on AI-driven solutions to redefine personalized education systems and empower educators [36] - The integration of AI into offerings marks a significant step forward in optimizing teaching practices and learning outcomes [22] Management's Comments on Operating Environment and Future Outlook - Management highlighted a strong pipeline of AI-enhanced products and a customer-centric roadmap, positioning the company for sustainable growth and industry-leading innovations [10] - The company aims to enhance its products and services through AI for improved automation and user experiences, receiving positive market feedback [9] Other Important Information - As of December 31, 2024, the company had cash reserves of RMB 359.3 million [28] - Total operating expenses for Q4 2024 were RMB 81.4 million, a decrease of 33.8% from RMB 122.8 million in Q4 2023 [32] Q&A Session Summary Question: No questions were asked during the Q&A session - There were no questions from participants during the Q&A session [38]

Market Overview - The global digital classroom market was valued at USD 153.82 billion in 2024 and is projected to reach USD 356.74 billion by 2033, with a compound annual growth rate (CAGR) of 11.09% from 2025 to 2033 [2][12]. - North America holds a significant market share of over 33.7% in 2024, driven by the adoption of e-learning tools and advancements in educational technology [2][9]. Market Drivers - The increasing number of schools and applicants is driving demand for digital classrooms globally, alongside rapid digitization and the rise in sales of smart devices [3]. - The proliferation of educational apps providing interactive online lectures and study materials is positively influencing market growth [4]. - Government initiatives to open new schools and enhance educational infrastructure, including the introduction of projectors and interactive whiteboards, are fostering market expansion [4]. Technological Integration - The integration of advanced technologies such as virtual reality (VR), augmented reality (AR), artificial intelligence (AI), machine learning (ML), data analytics, and cloud computing in digital classrooms is enhancing the learning experience and automating administrative tasks [5]. Market Segmentation - The digital classroom market is segmented by product type, with digital classroom hardware being the largest segment [7]. - In terms of application, higher education accounts for the largest market share, followed by K-12 education [8]. Regional Insights - North America is identified as the largest market for digital classrooms, supported by a high number of schools and the integration of advanced technologies [9]. Competitive Landscape - The report includes a comprehensive analysis of the competitive landscape, detailing market structure, key players, and their strategies [10][11].

TABLE OF CONTENTS As filed with the Securities and Exchange Commission on November 25, 2024 No. 333-280427 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 6 TO Delaware (State or other jurisdiction of incorporation or organization) 6770 (Primary Standard Industrial Classification Code Number) 35-2284050 (I.R.S. Employer Identification No.) zSpace, Inc. 55 Nicholson Lane San Jose, California 95134 (408) 498-4050 (Address, including zip code, and telephone number, including area code, ...

As filed with the Securities and Exchange Commission on October 15, 2024 No. 333-280427 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 4 TO TABLE OF CONTENTS FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ZSPACE, INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 6770 (Primary Standard Industrial Classification Code Number) 35-2284050 (I.R.S. Employer Identification No.) zSpace, Inc. 5 ...