Core Viewpoint - The company,卓越睿新, is set to launch an IPO from November 28 to December 3, aiming to issue 6.6667 million H-shares with a price range of HKD 62.26 to HKD 76.10 per share, expecting to raise approximately HKD 404.5 million in net proceeds [1] Group 1: IPO Details - The public offering will account for 10% of the total shares, while international offerings will make up 90% [1] - Assuming a share price of HKD 69.18, the net proceeds from the global offering are projected to be around HKD 404.5 million [1] Group 2: Use of Proceeds - Approximately 36.7% of the proceeds will be allocated to research and development [1] - 31.8% will be used to enhance customer service and support capabilities [1] - 21.5% is designated for establishing a knowledge graph development center [1] - The remaining 10.0% will be utilized for working capital and general corporate purposes [1] Group 3: Company Position in the Market - The company is recognized as a leading provider of digital solutions for higher education in China, ranking second in the digital education market with a 4.0% market share in 2024 [1] - It holds the top position in the digital teaching content production market with a 7.3% market share [1] - The company has delivered over 44,000 digital education content products, covering 12 recognized subject categories and 92 majors [1] - It has 627 digital courses rated as "golden courses" by the Ministry of Education, ranking first among the top five market participants [1]

Group 1 - The company,卓越睿新, plans to globally offer 6.6667 million H-shares, with 666,700 shares available for sale in Hong Kong and 6 million shares for international offering, with the offering period from November 28 to December 3, 2025, and expected pricing on December 4, 2025 [1] - The expected price range for the shares is HKD 62.26 to HKD 76.10 per share, with a trading unit of 100 shares [1] - The shares are anticipated to start trading on the Hong Kong Stock Exchange on December 8, 2025 [1] Group 2 - The company is a well-known provider of digital solutions for higher education institutions in China, focusing on digital educational content and teaching environment services [2] - The digital education market in China is highly fragmented, with the top five companies holding a combined market share of 12.9% as of 2024 [2] - The company ranks second in the digital education market for higher education institutions in China with a market share of 4.0% and first in the digital educational content production market with a market share of 7.3% [2] Group 3 - The company has delivered over 44,000 digital education content products and covers 12 subject categories and 92 majors recognized by the Ministry of Education [3] - The company has 627 digital courses recognized as top-tier courses by the Ministry of Education, ranking first among the top five participants in the digital education market by revenue [3] - Assuming a median offering price of HKD 69.18 per share, the company estimates net proceeds from the global offering to be approximately HKD 404.5 million, with planned allocations of 36.7% for R&D, 31.8% for enhancing customer service capabilities, 21.5% for establishing knowledge graph development centers, and 10.0% for working capital and general corporate purposes [3]

Core Viewpoint - 卓越睿新数码 is focused on providing digital solutions for higher education institutions, with a strong market position in China’s educational digitalization sector [1] Company Overview - 卓越睿新数码 has delivered over 44,000 digital education content products, covering 12 recognized subject categories and 92 majors by the Ministry of Education [1] - The company ranks second in the Chinese higher education digitalization market with a market share of 4.0% based on projected 2024 revenue [1] - In the digital teaching content production market, the company holds the top position with a market share of 7.3% [1] Product and Innovation - The company has 627 digital courses recognized as "gold courses" in the national selection for first-class undergraduate courses and vocational education online courses, ranking first among major market players [1] -卓越睿新数码 has continuously innovated its technology, launching virtual simulation development in 2020 and knowledge graph construction in 2022 to enhance interactive, engaging, and personalized learning experiences [1]

Core Viewpoint - Shanghai Zhuoyue Ruixin Digital Technology Co., Ltd. (Zhuoyue Ruixin Digital) has successfully passed the listing hearing 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 during the track record period [1]. Company Overview - Established in 2008, Zhuoyue Ruixin Digital is a well-known provider of digital solutions for higher education institutions in China, focusing on the delivery and operation of digital education content and teaching scenarios [4]. - The company offers comprehensive services covering all critical aspects of education, including teaching, learning, practice, assessment, and management [4]. Market Position - The Chinese higher education digital teaching market is highly fragmented, with the top five companies holding a total market share of only 12.9% as of 2024. Zhuoyue Ruixin Digital ranks second in the overall market with a 4.0% market share and first in the digital teaching content production market with a 7.3% market share [4]. - The company has 627 digital courses recognized as first-class undergraduate courses by the Ministry of Education, indicating its strong position in the market [4]. Financial Performance - The company recorded 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][6]. - Gross profits for the same periods were RMB 176 million, RMB 396 million, RMB 525 million, and RMB 129 million, with corresponding gross profit margins of 44.1%, 60.7%, 61.9%, and 46.9% [6][7]. - The revenue primarily comes from two service types: digital teaching content services and digital teaching environment services, reflecting the diverse needs of higher education institutions [5]. Product and Service Development - Zhuoyue Ruixin Digital began with course digitization services, helping clients convert traditional teaching content into digital formats. The company has introduced virtual simulation development in 2020 and knowledge graph construction in 2022 to enhance interactive and personalized learning experiences for students [5].