Lei Jianping on April 23
Quanpin Culture & Education Holdings Limited (hereinafter referred to as "Quanpin Culture & Education") has submitted a prospectus to be listed on the Hong Kong Stock Exchange.
The annual revenue is 622 million
Quanpin Wenjiao is an independent planning and distributor of supplementary books, committed to producing and providing high-quality supplementary books, student supplies and related services.
According to the prospectus, the revenue of Quanpin Culture and Education in 2021, 2022 and 2023 will be 514 million yuan, 496 million yuan and 622 million yuan respectively, the gross profit will be 189 million yuan, 186 million yuan and 264 million yuan respectively, and the gross profit margin will be 36.7%, 37.4% and 42.4% respectively.
In 2021, 2022 and 2023, the annual profit of Quanpin Culture and Education will be 34.91 million yuan, 34.447 million yuan and 64.33 million yuan respectively, and the annual profit margin will be 6.8%, 7% and 10.3% respectively.
The adjusted profit of Quanpin Culture and Education in 2021, 2022 and 2023 will be 36.42 million yuan, 39.03 million yuan and 72.23 million yuan respectively.
As of December 31, 2023, the cash and cash equivalents held by Quanpin Culture and Education were 170 million yuan.
Xiao Zhongyuan controls 71.8% of the shares
The executive directors of Quanpin Culture and Education are Xiao Zhongyuan, Ms. Shao Xiaopeng, Ms. Liu Yan and Xiong Hui, and the independent non-executive directors are Yu Zhenqiu, Xing Lei and Liu Rude.
IPO前,肖忠远家族通过Dimeng Investment持股为71.8%,Choice Investment持股为8.73%,Reach Investment持股为4.36%,Rongtong Investment持股为1.27%,Nice Investment持股为1.06%,Great Investment持股为2.14%,Leheng Investment持股为7.49%,Shuren Investment持股为1.95%,Osho Investment持股为1.2%。
Among the equity interests of Choice Investment, Xiao Zhongyuan's sister Ms. Xiao Shufang holds about 33.69% of the shares, Xiao Zhongyuan's sister Ms. Xiao Yourong holds about 30.63% of the shares, Xiao Zhongyuan's nephew Peng Hao holds about 27.57% of the shares, Xiao Zhongyuan's younger brother's wife Ms. Liu Fen holds 5.05% of the shares, and Xiao Zhongyuan's younger brother Xiao Zhongxue holds 3.06% of the shares.
During the Track Record Period, a dividend of up to RMB183 million was declared to its then shareholders in November 2023, the amount of which was subsequently adjusted to RMB98.7 million in accordance with PRC law in February 2024 and fully paid in April 2024 by a written resolution of all shareholders of Beijing Quanpin.
Based on this calculation, Xiao Zhongyuan can receive a dividend of 70.87 million yuan.
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