Core Insights - The digital education market in China is projected to grow from RMB 12.7 billion in 2020 to RMB 21.3 billion by 2024, with a compound annual growth rate (CAGR) of 13.7% [1] - Shanghai Zhuoyue Ruixin Digital Technology Co., Ltd. (Zhuoyue Ruixin) has become a leading provider of digital teaching solutions in higher education, ranking second in revenue with a market share of 4% in 2024 [1][2] - The company's revenue has shown significant growth, with figures of RMB 400 million in 2022, RMB 653 million in 2023, and projected RMB 848 million in 2024 [2][4] Financial Performance - Zhuoyue Ruixin's gross profit margin has remained high, with rates of 44.1% in 2022, 60.7% in 2023, and 61.9% in 2024 [2][4] - The company reported a net loss of RMB 98.96 million in the first half of 2024, which is higher than the loss of RMB 88.86 million in the same period last year, primarily due to seasonal industry patterns [2][5] - The net profit is expected to reach RMB 105 million in 2024, marking a significant improvement from previous years [5] Business Segments - The digital teaching content services and products account for over 80% of Zhuoyue Ruixin's revenue, with a rising trend in recent years [3] - The revenue from knowledge graph services has surged, reaching 54.7% of total revenue in the first half of 2024, indicating its role as a key growth driver [3][4] - The digital teaching environment services, including cloud LMS and digital classroom services, have seen a decline in revenue share, contributing 5.4% and 3.4% respectively in the first half of 2024 [3][4] Market Trends - The digital education market in China is expected to expand to RMB 45.3 billion by 2029, with a CAGR of 16.3% [7] - The digital teaching content production market is projected to grow at a CAGR of 18.8%, reaching RMB 23.1 billion by 2029 [7] - The company plans to establish knowledge graph construction centers to enhance its growth strategy in response to the increasing demand for personalized education solutions [6] Customer Growth - Zhuoyue Ruixin's customer base has increased from 1,174 in 2022 to 1,738 in 2024, with the number of large clients rising from 245 to 449 [9] - The increase in both customer numbers and average revenue per customer indicates a strong growth cycle for the company [9]

Core Insights - The digital education market in China is projected to grow from RMB 12.7 billion in 2020 to RMB 21.3 billion by 2024, with a compound annual growth rate (CAGR) of 13.7% [1] - Shanghai Zhuoyue Ruixin Digital Technology Co., Ltd. (Zhuoyue Ruixin) has become a leading provider of digital teaching solutions in higher education, ranking second in revenue with a market share of 4% in 2024 [1][2] - Zhuoyue Ruixin's revenue has shown significant growth, with figures of RMB 400 million in 2022, RMB 653 million in 2023, and projected RMB 848 million in 2024 [2][4] Market Overview - The digital education market is expanding rapidly, driven by government support and the proactive response of higher education institutions to digital policies [1] - The digital teaching content service segment accounts for over 80% of Zhuoyue Ruixin's revenue, with a notable increase in the contribution from knowledge graph services [3][4] Financial Performance - Zhuoyue Ruixin's gross profit has increased alongside revenue, with gross profit figures of RMB 177 million in 2022, RMB 396 million in 2023, and RMB 525 million in 2024 [4] - The company reported a net profit of RMB 105 million in 2024, marking a significant improvement despite a loss of RMB 98.96 million in the first half of 2023 due to seasonal industry patterns [5] Product and Service Development - Zhuoyue Ruixin has introduced innovative products such as virtual simulation and knowledge graph services, enhancing the interactive and personalized learning experience for students [2][6] - The knowledge graph service has rapidly gained traction, contributing significantly to revenue growth, with its share rising to 54.7% in the first half of 2024 [3][6] Strategic Expansion - The company plans to establish knowledge graph construction centers to further enhance its growth trajectory and meet the increasing demand for personalized education solutions [6] - The digital education market is expected to continue expanding, with projections indicating a market size of RMB 45.3 billion by 2029, driven by trends in digital content production and digital teaching environments [7] Customer Growth - Zhuoyue Ruixin's customer base has grown from 1,174 in 2022 to 1,738 in 2024, indicating a strong demand for its services [9] - The increase in both the number of customers and average revenue per customer suggests that the company is entering a new growth cycle [9]

Core Insights - Shanghai Zhuoyue Ruixin Digital Technology Co., Ltd. is preparing for an IPO in Hong Kong, with Agricultural Bank of China International as its sole sponsor [1][2] Company Overview - Zhuoyue Ruixin specializes in providing digital solutions for higher education institutions in China, focusing on digital educational content and teaching scenarios [2] - The company's services encompass all critical aspects of education, including digital teaching content services and digital teaching environment products, serving clients across 12 recognized disciplines and 92 majors [2] Fundraising Purpose - The funds raised from the IPO will be allocated for several purposes: 1. Research and development investments 2. Enhancing customer service and support capabilities 3. Establishing one or two knowledge graph development centers in selected cities to improve knowledge graph construction, production, and delivery efficiency 4. Working capital and general corporate purposes [1]

Core Viewpoint - The provincial government has issued a notification to promote the integration of advanced manufacturing and modern service industries, aiming to cultivate development zones that enhance productivity and establish a modern industrial system [1] Group 1: Development Goals - The notification outlines a "1+2+4+N" target task system, focusing on key areas and critical links to deepen the integration of manufacturing and service industries [1] - The plan aims to cultivate around 20 innovative development zones annually, characterized by significant quality and efficiency, and a sound ecological system [1] Group 2: Application and Criteria - The application for the integration development zones is open to counties and provincial-level development zones, with specific criteria including a manufacturing value-added ratio of over 30% and a GDP exceeding 20 billion yuan for counties or 10 billion yuan for development zones [1] - The application process will occur annually, with a focus on significant achievements in transforming manufacturing enterprises towards service-oriented models [1] Group 3: Key Tasks - Eight major tasks are highlighted for the development zones, including the establishment of application scenarios that leverage technologies such as digital twins, IoT, and AI [2] - The cultivation of leading enterprises and specialized service providers is emphasized to enhance collaboration and innovation across the industry chain [2] - The construction of platforms and service centers to support common service needs in manufacturing is also a priority, alongside the promotion of brand development and evaluation [2]

Core Insights - The company, CNOOC Engineering Co., Ltd., achieved significant success at the "Jiak Cup" International Welding Skills Competition, winning 24 awards including 5 individual championships [1][2] Group 1: Competition Overview - The "Jiak Cup" is recognized as the "World Cup of Welding" and is one of the most influential welding competitions globally, attracting 400 welding experts from countries such as China, Brazil, India, and Mongolia [1] - The competition featured four main categories: welding skills, robotic welding, virtual simulation, and innovative welding technology, with the introduction of a new "craftsman group" to enhance the event's depth and competitive level [1] Group 2: Company Performance - CNOOC Engineering sent 19 competitors to the event, who excelled in traditional welding categories such as manual arc welding, gas metal arc welding, and tungsten inert gas welding, securing first place in all these categories [2] - In the newly added robotic welding category, CNOOC Engineering's competitors demonstrated strong programming, operation, and maintenance skills, earning first prize [2] - Since its inception in 2010, the "Jiak Cup" has seen CNOOC Engineering win the team gold medal 9 times and achieve first place 59 times, contributing to the development of skilled professionals in the marine oil and gas equipment manufacturing sector [2]

香港聯合交易所有限公司與證券及期貨事務監察委員會對本申請版本的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本申請版本全部或任何部 分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 SHANGHAI ABLE DIGITAL SCIENCE&TECH CO., LTD. 上海卓越睿新數碼科技股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 的申請版本 警 告 本申請版本乃根據香港聯合交易所有限公司（「聯交所」）及證券及期貨事務監察委員會（「證監會」）的要 求而刊發，僅用作提供資料予香港公眾人士。 申請版本為草擬本，其內所載資料並不完整，亦可能會作出重大變動。 閣下閱覽本文件，即代表 閣下 知悉、接納並向上海卓越睿新數碼科技股份有限公司（「本公司」，連同其附屬公司，統稱「本集團」）、其 獨家保薦人、整體協調人、顧問或包銷團成員表示同意： 本公司根據香港法例第32章《公司（清盤及雜項條文）條例》向香港公司註冊處處長登記本公司招股章程 後方會向香港公眾人士提出要約或邀請。倘於適當時候向香港公眾提出要約或邀請，務請有意投資者 僅依據向香港公司註冊處處長登記的本公司招股章程作出 ...