Penuo Co., Ltd. plans to build a Greater Bay Area headquarters in Foshan or Shenzhen, Guangdong, and also launch a direct IPO plan to go public on the Hong Kong Stock Exchange.
Zhitong Finance App learned that in April of this year, Peino Co., Ltd. (834290), a new third-board listed company engaged in information content and services for studying abroad, announced that in 2024, the company will focus on expanding its North American business and plan to build a Greater Bay Area headquarters in Foshan or Shenzhen, Guangdong. At the same time, it is expected to launch a direct IPO plan on the Hong Kong Stock Exchange in May to form a “New Third Board+H Shares” to facilitate overseas business.
According to reports, the main customers of Penuo Co., Ltd. are the domestic middle class, which has huge demand for their children to receive high-quality education overseas. The products and services include research and development of study abroad informatization software, examination services, study abroad consulting, background improvement, and university application services. Peno shares have been certified by the British Pearson Edexcel (Pearson Edexcel) and Oxford AQA (Oxford AQA) International Academic Examination Center. The company has set up test centers or branches in more than 20 cities including Qingdao, Jinan, Tianjin, Shanghai, Hangzhou, Chengdu, Beijing, and Shenzhen. Up to now, 163 students have been enrolled in Oxford, Cambridge, and US Ivy League institutions. More than 1,500 students have been admitted to the top 10 universities in the world, and more than 5,500 students have been admitted to the world's top 100 universities.
According to the annual report data, in 2023, the operating income of Penuo shares exceeded 100 million yuan to 119 million yuan, up 41.50% year on year, net profit to mother reached 386.641 million yuan, up 122.49% year on year, and total assets reached 216 million yuan at the end of 2023, up 18.41% year on year.
Industry insiders said that as the domestic study abroad service market continues to heat up, leading companies are expected to fully benefit, and their market share will be further concentrated on leading companies. Looking forward to the future, while consolidating domestic business, Peino shares will accelerate the layout of overseas markets and launch a Hong Kong stock listing plan, which will form a “new three board+H shares” development pattern, laying a solid foundation for the long-term sustainable development of the company.