Core Insights - Ruanyun Edai Technology Inc. (stock code RYET) has successfully listed on the NASDAQ, marking a significant step for the company focused on the K-12 education sector [1] - The IPO price was set at $4 per share, with 3.75 million shares issued, raising a total of $15 million [3] - On its first trading day, the stock price rose to $4.76, resulting in a market capitalization of $161 million [3] Financial Performance - For the six months ending September 30, 2024, the company reported revenue of $4.11 million, a year-over-year decline of 34.5% [3] - Despite a gross profit increase to $1.73 million (up 59.6% year-over-year), the net loss was $680,000, although this was an improvement from a loss of $1.52 million in the same period last year [3] - In the fiscal year 2024 (ending March 31, 2024), revenue was relatively stable at $9.15 million, a slight increase of 0.2% from $9.13 million the previous year [5] Shareholding Structure - The company has a concentrated shareholding structure, with CEO Yan Fu holding 23.83% of shares through KWest Holdings prior to the IPO, making him the largest shareholder [5] - Post-IPO, Yan Fu's ownership decreased to 21.18%, but he still maintains control over the company [5] - Other significant shareholders include CTO Cong Zhao and various institutional and individual investors, with their shareholding proportions adjusted but overall structure remaining stable [5] Market Challenges - The company faces significant pressure in a competitive market and needs to identify new growth opportunities to improve performance [5] - The successful IPO provides additional funding and market attention, but the company's ability to capitalize on these opportunities for sustained growth remains to be seen [5]