Hanergy recruits official website.

On February 28th, Chalk Technology, a vocational education platform, submitted an IPO prospectus to the Hong Kong Stock Exchange and officially launched the listing plan, with CICC, Citigroup and Bank of America Securities as co-sponsors.

According to the prospectus, the main business of Chalk Technology is adult vocational education services, and online training, offline training and teaching materials are its core sources of income. The purpose of this fundraising is to enrich the course content, expand the student group, strengthen the technology development ability and improve the technology and infrastructure.

Before IPO, CEO Zhang Xiaolong and his concerted actions held 35.33% of the shares. Tencent holds 14. 13%, IDG holds 1 1.95%, Jingwei holds 7.2 1%, and Gaoying holds 6.02%.

In 200211-September, the revenue was 2.63 billion.

According to the survey of official website, Beijing Chalk Blue Sky Technology Co., Ltd., an affiliated company of Chalk Technology, is a subsidiary of Ape Question Bank, and its CEO is Zhang Xiaolong. Based on the question bank, the company takes online live tutoring as the main profit model, and its main fields are civil service examination, judicial examination, postgraduate entrance examination and other fields of college students' employment and further study.

Zhang Xiaolong, graduated from Sun Yat-sen University with a major in philosophy, was a famous teacher in the public examination, and later joined the ape question bank. After focusing on K 12, Zhang Xiaolong founded Chalk Technology, focusing on the market of vocational training.

According to the data in the prospectus, as of 202 1, 65438+2, 3 1, there are 37.7 million registered users and 45.3 million online paying users of Chalk Technology. The average monthly active users in 2020 and 2002/kloc-0 were about 4.7 million and 6.5 million respectively, up by 62% and 38% year-on-year.

According to the prospectus, the revenue of Chalk Technology in 200019 and 2020 was160 million and 2130 million respectively, and the revenue in 20021-September was 2.63 billion, which was/kloc-0 compared with the same period last year.

The adjusted net profit of Chalk Technology in 20 19 is175 million yuan, the net loss in 2020 is 363 million yuan, and the net loss in 202 1 year is 1+0 to 782 million yuan.

By September 30th, 20021year, the cash and cash equivalents held by Chalk Technology were 848 million yuan.

According to Jost Sullivan's report, the market size of China's vocational education and training industry will reach 724.2 billion yuan in 2020, and it is expected to reach1.1trillion yuan in 2026.

Among them, the market size of non-academic vocational education and training industry is 202.6 billion yuan in 2020, and it is expected to increase to 344.5 billion yuan in 2026. The market scale of vocational examination and training industry will be 64.6 billion yuan in 2020 and will reach 654.38+0.23 billion yuan in 2026.

But beyond the broad market prospect, there are still risks and challenges that cannot be ignored. Chalk Technology said that its OMO integration model business history is limited, and it is difficult to predict revenue growth and evaluate business and prospects; It is also impossible to continuously hire, train and retain qualified teaching staff to maintain stable teaching quality; It may not be possible to develop attractive course content in a timely and cost-effective manner.

Online vocational education is still favored by capital.

According to public information, Chalk Science and Technology completed the Series A financing of $390 million in February 20021,which is one of the largest single investments in the field of vocational education. This is the first public financing since the establishment of Chalk Technology, led by IDG Capital and Zhixin Capital, followed by CPE, Dehong Capital (DCP), Kunyu Runyuan, Huaxing New Economic Fund, Hony Capital and Hong Rui Investment.

According to the prospectus, before the IPO, Zhang Xiaolong, CEO of Chalk Technology, and his concerted actions held 35.33% of the shares.

Tencent holds 14. 13%, IDG holds 1 1.95%, Jingwei holds 7.2 1%, and Gaoying holds 6.02%.

According to IT orange statistics, online vocational education financing events were the most in 20 16 years, with 104; In the following years, although the number of investment events decreased, the financing amount was in a spiral rising process. Until 202 1, the amount of online vocational education financing increased greatly.

According to China Vocational Education Industry Report 2022, there were 6 1 financing in the primary market of vocational education last year, and the total amount of financing exceeded 7.8 billion yuan. Both the financing amount and the total amount exceed 2020, and the proportion of investment and financing in the whole education industry has also reached a new high in the past five years.

In 20021February, Orange Education, a vocational education brand, announced that it had recently obtained 66 million yuan of Pre-A financing from investors such as UFIDA, National Education and Jingyu Fund, and Huaxia Li Tao Capital served as the exclusive financing financial consultant. This round of funds will be mainly invested in technology and research and development to build a user-centered 3.0-mode online learning platform for adults.

Orange Education mainly provides online learning and related services in the field of vocational education for adults over 20 years old, from postgraduate entrance examination to practical English. The team is currently focusing on postgraduate entrance examination, practical English, career growth education and other fields.

In July of 20021year, the new vocational education platform announced that the A3 round of financing with a total amount of 20 million RMB was completed in the first quarter of 20021year. The financing was led by Zhaopin, followed by Netease, Hanergy and their founders.

Also in July last year, Dr. Fang Yechang, founder and CEO of the course bar, announced the completion of 600 million yuan B 1 round of financing in an internal letter to all employees.

Some insiders believe that the subdivided track of vocational education was despised by many capitals in the past because the market was too fragmented. Now the situation has changed. Under the background of vocational education reform and on the premise of encouraging and supporting the development of vocational education, vocational education will usher in a new outbreak period.