Futu Information June 29 update, this Wednesday $READBOY (02385.HK)$An announcement was made that the subscription will take place from June 29 to July 5. The company plans to issue 52 million shares, of which 5.2 million shares will be for public offering and 46.8 million shares for international offering. The issue price per share is between HKD 7.6 to 10, with each lot consisting of 400 shares, and it is expected to list on July 12.
The company is a supplier of smart learning device services in China, focusing on designing, developing, manufacturing, and selling smart learning devices embedded with digital teaching resources for Chinese primary and secondary school students, their parents, and school teachers. It has become one of China's leading suppliers of tech-empowered smart learning device services with mature educational products and services.
According to the Frost & Sullivan report, in 2021, the company ranked second among China's smart learning device service providers by total retail market value, and fifth by total equipment shipment volume. The Readboy brand has become a well-known educational technology brand in China. As of the latest practicable date, the company has accumulated over 5.5 million registered users, and as of May 2022, the average monthly active users in the past 12 months exceeded 1.4 million.
In terms of financial status, the company’s revenue for 2019 to 2021 was RMB 670 million, RMB 734 million, and RMB 813 million respectively, with a compound annual growth rate of 10.16% over three years. Net profit was RMB 69.43 million...