Beijing Shengtong Printing (SZ:002599)2022-12-06 23:44Group 1: Company Overview and Strategy - The company emphasizes its commitment to the education sector, planning to invest more capital and resources in the future [3] - The acquisition strategy focuses on integrating quality educational resources and expanding in the STEAM education sector [3] - The company aims to leverage its existing educational publishing business to enhance its market position [3] Group 2: Market Analysis and Competitors - The chairman of LeBo Education highlighted the market size of robotics education and identified key competitors and industry barriers [3] - LeBo Education's core competencies and strategic advantages were discussed, emphasizing the trust and resource support from the partnership with ShengTong [3] Group 3: Financial Insights and Projections - Franchise stores can achieve profitability with 100-150 students, while direct-operated campuses generate revenue between 200,000 to 250,000 [4] - LeBo Education plans to open 23-24 new campuses annually, with an average cost of 300,000 to 500,000 per new location [4] - The company will slow its expansion pace by 2019, focusing on operational efficiency and synergy with existing businesses [4] Group 4: Future Directions and Online Strategy - The company currently prioritizes offline expansion, with online education not seen as a necessity for K12 education [4] - Future considerations for online business development are acknowledged, but the focus remains on physical locations for the time being [4] Group 5: M&A Fund and Investment Focus - The internal M&A team consists of 5 members, while the industry fund has 3 dedicated personnel, focusing on a broader range of educational targets [5] - The company is exploring international markets, particularly in the U.S. and South Korea, for quality educational resources [5] - The investment strategy will include both acquisition and equity participation in various educational projects [5]