Shulou(Shulou.com)11/24 Report--

On December 7, vocational education platform Chalk Technology was listed through the Hong Kong Stock Exchange, with CICC, Citigroup and BofA Securities as co-sponsors of the IPO, according to documents filed by the Hong Kong Stock Exchange.

According to the prospectus, the revenue from chalk technology from 2019 to 2021 was 1.16 billion yuan, 2.132 billion yuan and 3.428 billion yuan respectively, and the company's revenue for the six months ended June 30, 2022 was 1.451 billion yuan. From 2019 to 2021 and the six months ended June 30, 2022, the gross profit of chalk technology was 536.2 million yuan, 489.9 million yuan, 840.9 million yuan and 689.3 million yuan respectively, and the gross profit margin was 46.2%, 23.0%, 24.5% and 47.5%, respectively.

In addition, the company recorded a net profit of $154 million in 2019 and a net loss of $485 million, $2.046 billion and $392 million in 2020, 2021 and the six months ended June 30, 2022 respectively. Chalk recorded an adjusted net profit of $175 million in 2019, an adjusted net loss of $363 million in 2020 and $822 million in 2021, and an adjusted net profit of $95.6 million for the six months ended 30 June 2022.

In terms of user operation, in 2019, 2020, 2021 and the six months ending June 30, 2022, there are 46510, 293518, 325713 and 98305 paying users in the offline course of chalk technology, respectively (accounting for 85.6%, 74.9%, 67.5% and 68.8% of all paying users of the offline course, respectively).

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