Core Insights - The education industry, particularly K12 companies, has faced significant challenges in returning to the capital markets due to regulatory pressures and market conditions, leading to a halt in IPO activities [1] - There is a shift in educational demand from traditional academic subjects to quality education, with a focus on STEM, arts, and sports, which are emerging as new growth areas [1] - Two companies, Idea Tech Holding and卓优智美教育集团, have recently submitted IPO applications, indicating a potential new trend in the education sector [1] Group 1: Company Overview - Idea Tech Holding, established in 2018, has transitioned from a distributor of drones to a provider of STEM and technology education solutions, expanding its business model to include programming and AI education [2] -卓优智美教育集团 operates 132 self-owned centers under the "小苹果" brand, focusing on arts education for children aged 4-14, covering various disciplines such as dance, art, and music [4][5] Group 2: Financial Performance - Idea Tech reported a revenue of $457.78 million for the fiscal year 2024, a decrease of 10.65% year-on-year, with a net profit of $103.78 million, down 23.38% [3] -卓优智美's revenue for the fiscal year 2023 was 128 million yuan, with a net profit of 11.87 million yuan, while in 2024, revenue slightly increased to 130 million yuan, but net profit dropped to 5.34 million yuan [6] Group 3: Market Trends - The demand for quality education is resilient, with families continuing to invest in STEAM and arts education despite tighter consumer spending [8] - The Hong Kong robotics programming education market is projected to grow from 11.57 billion HKD in 2024 to 25.8 billion HKD by 2029, indicating a strong market potential for companies like Idea Tech [3] Group 4: Strategic Focus - Idea Tech plans to expand into mainland China and Southeast Asia, aiming to localize and internationalize its STEM and AI courses while developing an integrated education platform [3] -卓优智美's business model revolves around a "course-examination-showcase" framework, with a strong focus on course fees, which constituted 87.9% of its revenue in 2023 [5][6] Group 5: Industry Challenges - The education sector faces uncertainties regarding profitability stability, market fragmentation, and potential regulatory changes, which could impact the sustainability of new entrants in the quality education space [9] - The ability of these companies to meet family needs while aligning with policy directions will be crucial for their long-term growth and success in the market [9]

在拉丁舞决赛中，中国组合阎棒棒/杜玉君（右）在比赛 中。 正在进行的第12届成都世界运动会是一场传统与现代交融的体坛盛会。在比赛中，既能看到武术、龙 舟、地掷球这样的传统技艺，也能看到飞盘、跑酷、无人机竞速等新兴潮流项目；既能领略腰旗橄榄 球、棒垒球、棍网球、壁球等"准奥运项目"的风采，更能感受一大批非奥项目的多元与精彩。 本期报道，我们走近6个别具特色的世运会项目，感受它们的独特魅力。 中国队球员彭静（左）在棍网球比赛中。 网兜追风 青春驰骋 本报记者 刘 峣 在2025年成都世运会女子尾波滑水自由式决赛中，中国选 手徐露获得冠军。 ——编 者 棍网球： 8月10日，成都世运会女子棍网球第七名争夺赛结束，中国队不敌爱尔兰队，获得第八名。尽管未能在 世运会赛场取得一场胜利，但中国队的运动员并不遗憾。 棍网球是一项结合足球、篮球及曲棍球元素的团队竞技运动。比赛中，运动员需要利用球杆顶端的网兜 来控制球的移动，并利用杠杆原理将球网中的小球以抛击的方式进行传球或射门。本届世运会棍网球项 目为六人制女子组比赛，每场分4节，每节8分钟。根据规则，进攻方获得球权后，必须在30秒内射门， 比赛中的球速可达每小时200公里。 ...