Important Notes, Table of Contents, and Definitions This section provides important disclaimers, lists the report's structure, and defines key terms used throughout the document Important Notes The Board of Directors, Supervisory Board, and senior management guarantee the accuracy and completeness of the semi-annual report - Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report, with no false records, misleading statements, or major omissions5 - Company's responsible person Chen Shaoxiang, chief accountant Yang Honghai, and head of accounting department Li Huizhi declare that the financial report in this semi-annual report is true, accurate, and complete5 - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the semi-annual period6 Table of Contents This section outlines the report's eight main chapters, covering important notes, company profile, management discussion, corporate governance, significant events, share changes, bond information, and financial reports - The report comprises eight main chapters, from important notes to financial reports, with a clear structure8 List of Reference Documents This section lists the semi-annual report's reference documents, including signed financial statements and publicly disclosed company announcements - Reference documents include financial statements signed and sealed by the company's legal representative, chief accountant, and head of accounting department10 - Originals of all company documents and announcements publicly disclosed on the website designated by the China Securities Regulatory Commission during the reporting period are reference documents10 - Original copies of the 2025 semi-annual report and its summary, signed by the company's legal representative and sealed by the company, are reference documents10 Definitions This section defines common terms used in the report, such as the company's abbreviation "Guangdong Jianke" and key related parties - The company's abbreviation "Guangdong Jianke, the Company or this Company" refers to Guangdong Provincial Academy of Building Research Group Co., Ltd11 - The reporting period refers to January 1, 2025, to June 30, 202511 - Key related parties include Jiangu Holding, Guofa Fund, Yueke Financial, General Station Co., Ltd., Jianke Transportation, Jianke Energy Saving, Safety Technology Center, Jianke Yuansheng, Innovation Research Institute, Foshan Jianke, Yangjiang Jianke, and Hong Kong Jianke11 Company Profile and Key Financial Indicators This section provides an overview of the company's basic information and presents its key financial performance metrics and indicators Company Profile This section details the company's basic information, including its stock name, code, listing exchange, legal representative, and registered address Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | 广东建科 | | Stock Code | 301632 | | Stock Exchange | Shenzhen Stock Exchange | | Legal Representative | 陈少祥 | - The company's registered and office address is 121 Xianlie East Road, Tianhe District, Guangzhou, Guangdong Province, postal code 51050015 - There were no changes in the company's registration status during the reporting period, as detailed in the Prospectus18 Key Accounting Data and Financial Indicators This section presents the company's key accounting data and financial indicators for the current reporting period compared to the previous year Comparison of Key Accounting Data and Financial Indicators | Indicator | Current Reporting Period (Yuan) | Prior Year Period (Yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 502,271,576.75 | 522,928,423.17 | -3.95% | | Net Profit Attributable to Shareholders of Listed Company | 33,551,253.79 | 32,657,566.92 | 2.74% | | Net Cash Flow from Operating Activities | -6,411,884.87 | -43,867,983.65 | 85.38% | | Basic Earnings Per Share (Yuan/share) | 0.11 | 0.1 | 10.00% | | Diluted Earnings Per Share (Yuan/share) | 0.11 | 0.1 | 10.00% | | Weighted Average Return on Net Assets | 1.64% | 1.68% | -0.04% | | End of Current Reporting Period (Yuan) | End of Prior Year (Yuan) | Change from Prior Year End | | Total Assets | 2,760,634,633.14 | 2,786,731,894.80 | -0.94% | | Net Assets Attributable to Shareholders of Listed Company | 2,051,905,788.70 | 2,019,926,619.72 | 1.58% | - Net profit after deducting the impact of share-based payments was 32,606,816.97 yuan19 - The company's share capital changed from the end of the reporting period to the disclosure date of the semi-annual report due to new share issuance, additional issuance, rights issue, equity incentive exercise, or repurchase, affecting the amount of owners' equity19 Differences in Accounting Data Under Domestic and Overseas Accounting Standards This section states that there are no differences in net profit and net assets between financial reports prepared under international or overseas accounting standards and Chinese accounting standards - During the reporting period, there were no differences in net profit and net assets between financial reports disclosed under International Accounting Standards and Chinese Accounting Standards20 - During the reporting period, there were no differences in net profit and net assets between financial reports disclosed under overseas accounting standards and Chinese Accounting Standards21 Non-Recurring Gains and Losses and Amounts This section details the non-recurring gains and losses for the reporting period, totaling 1,749,649.90 yuan, primarily from asset disposal, government grants, and fair value changes Non-Recurring Gains and Losses and Amounts | Item | Amount (Yuan) | | :--- | :--- | | Gains or losses from disposal of non-current assets | 28,074.13 | | Government grants recognized in current profit or loss | 696,634.45 | | Gains or losses from changes in fair value of financial assets and liabilities, and investment income from disposal of financial assets and liabilities, except for effective hedging activities related to normal business operations of non-financial enterprises | 506,881.40 | | Reversal of impairment provisions for accounts receivable subject to separate impairment testing | 429,104.80 | | Other non-operating income and expenses apart from the above | 394,277.77 | | Less: Income tax impact | 305,298.74 | | Minority interest impact (after tax) | 23.91 | | Total | 1,749,649.90 | - The company has no other specific situations that meet the definition of non-recurring gains and losses23 - The company has not classified non-recurring gains and losses listed in "Interpretive Announcement No. 1 on Information Disclosure by Companies Issuing Securities to the Public—Non-Recurring Gains and Losses" as recurring gains and losses24 Management Discussion and Analysis This section provides an in-depth analysis of the company's operations, financial performance, core competencies, and risk factors during the reporting period Principal Business Activities During the Reporting Period The company primarily provides inspection and testing technical services in construction engineering, covering five major business segments, with a project-based profit model and a leading market position - The company's principal business is inspection and testing technical services in the construction engineering sector, a high-tech service industry strongly supported by the state33 - The company's business covers five segments: housing and municipal, transportation, water conservancy, energy saving and environmental protection, and safety production33 - The company generates revenue and profit by providing professional and efficient inspection, testing, and related technical services, delivering inspection and related service reports as outcomes40 Industry Development Overview The inspection and testing industry is undergoing market-oriented reforms, supported by policies, with increasing marketization, driven by green construction and existing engineering maintenance demands - China's inspection and testing market has been gradually market-oriented since 2003, with foreign capital entering in 2005, leading to diversified market players26 - National policies, such as the "National Standardization Development Outline," encourage and support the inspection and testing industry, listing "inspection and testing services" as one of the eight key high-tech service industries for national development27 2024 Inspection and Testing Industry Overview | Indicator | Data | | :--- | :--- | | Number of Inspection and Testing Institutions | 53,057 (YoY decrease of 1.44%) | | Operating Revenue | 487.597 billion Yuan (YoY increase of 4.41%) | | Number of Employees | 1.55 million (YoY decrease of 0.76%) | | Original Value of Instruments and Equipment Assets | 570.17 billion Yuan (YoY increase of 8.01%) | - The inspection and testing market structure is further optimized, with a continuous decrease in the proportion of public institution-based organizations and a year-on-year increase in private enterprises, deepening marketization28 - Increasing requirements for the transformation and upgrading of the construction industry promote coordinated development of intelligent construction and building industrialization, fostering industrialization, digitalization, intelligence, greening, and ecological upgrading of the construction industry28 - Green construction and "carbon peaking" and "carbon neutrality" have become development trends, promoting green development in urban and rural construction, popularizing ultra-low energy consumption and near-zero energy buildings, and developing zero-carbon buildings293031 - The stock of existing construction projects is growing, leading to a significant increase in demand for maintenance, renovation, and reinforcement, with urban renewal actions deepening the application of Building Information Modeling (BIM) technology32 Principal Business Operations The company's core business is construction engineering inspection and testing, aiming to be a national leader in building technology, with specialized expertise across five key segments - The company's principal business is inspection and testing technical services in the construction engineering sector, guided by construction technology research, aiming to be a national leader in building technology, a guardian of urban safety, a pioneer in green intelligent manufacturing, and a forerunner in smart operation and maintenance33 - Housing and municipal inspection is the company's core business segment, managed by its subsidiary General Station Co., Ltd., providing inspection, monitoring, appraisal, evaluation, consulting, and green building material certification technical services34 - General Station Co., Ltd. is the first institution in South China to obtain green building material product certification qualifications, with over 3,949 testing standards and 24,189 testing parameters approved by inspection and testing institution qualification accreditation34 - Transportation segment inspection and testing business is handled by subsidiary Jianke Transportation, holding Class A comprehensive highway engineering and specialized bridge and tunnel engineering inspection qualifications issued by the Ministry of Transport35 - Water conservancy segment inspection and testing business is conducted by subsidiary Jianke Yuansheng, holding all five categories of Class A inspection and testing qualifications for the water conservancy industry issued by the Ministry of Water Resources37 - Energy saving and environmental protection segment inspection and testing business is handled by General Station Co., Ltd. and Jianke Energy Saving, providing energy saving testing, environmental protection testing, green building, and energy saving and environmental protection consulting services38 - Safety production segment inspection and testing business is handled by wholly-owned subsidiary Safety Technology Center, providing inspection, monitoring, evaluation, training, education, and consulting technical services in the field of safety production39 Business Model The company operates on a project-based model, generating revenue from professional inspection and testing services, with procurement focused on outsourcing and sales primarily through bidding and direct client engagement - The company generates revenue and profit by providing professional and efficient inspection, testing, and related technical services to clients, delivering inspection and related service reports as outcomes40 - The company's primary procurement involves outsourcing inspection and testing services, with established procurement and supplier management systems such as the "Service Procurement Implementation Management Process"41 - The company primarily provides professional technical services on a project-based system, implementing a project manager responsibility system and establishing a strict quality control system and after-sales service44 - The main methods for the company to acquire business include bidding (public bidding, invited bidding) and direct client engagement47 - For direct client engagement projects, the company negotiates with clients through its business departments and signs service contracts after client approval48 Market Position The company holds a leading market position in engineering inspection and testing, leveraging strong scientific research, qualifications, talent, equipment, and extensive project experience to build significant brand influence - The company is one of the leading institutions nationwide in engineering inspection and testing qualifications and capabilities, having established significant scientific research and technical service advantages in research platforms and achievements, standards and norms, talent, equipment, and engineering practice experience49 - The company has undertaken inspection and testing technical services for numerous large-scale key construction projects, including the Hong Kong-Zhuhai-Macao Bridge, Guangdong Science Center, Guangzhou International Finance Center, and Shenzhen Ping An Finance Center49 - The company has successively received honors such as the "National May 1st Labor Medal," "State-owned Assets Supervision and Administration Commission's Science and Technology Reform Demonstration Enterprise," "National Advanced Collective for Construction Technology Progress," "National Advanced Collective for Engineering Construction Standardization," and "National High-tech Enterprise"49 Key Performance Drivers In H1 2025, operating revenue decreased by 3.95%, but net profit attributable to shareholders increased by 2.74% due to cost reduction, refined cost control, and lower expenses Key Performance Data for H1 2025 | Indicator | Amount (10,000 Yuan) | YoY Change | | :--- | :--- | :--- | | Operating Revenue | 50,227.16 | -3.95% | | Inspection Business Sales Revenue | 49,053.27 | -3.76% | | Net Profit Attributable to Shareholders of Listed Company | 3,355.13 | 2.74% | | Total Assets | 276,063.46 | -0.94% | | Equity Attributable to Parent Company Shareholders | 205,190.58 | 1.58% | - The increase in net profit attributable to shareholders of the listed company was primarily due to the company's implementation of cost reduction and efficiency improvement measures, refined cost control, and a decrease in various expense items during the reporting period50 Analysis of Core Competencies The company's core competencies lie in its technological leadership, comprehensive qualifications, skilled talent, advanced equipment, extensive engineering experience, and strong brand reputation - The company has developed industry-leading technological advantages through long-term accumulation and continuous innovation51 - The company is one of the leading institutions nationwide in engineering inspection and testing and green building material certification qualifications and capabilities, with comprehensive qualifications54 - The company possesses a high-caliber talent team, including experts enjoying special government allowances from the State Council, doctors, post-doctors, and registered engineers, demonstrating a clear talent advantage56 - The company owns the first and currently largest two civil building wind tunnel laboratories in China, as well as first-class intelligent inspection demonstration laboratories for construction engineering materials, human habitat laboratories, building fire laboratories, safety production laboratories, and ecological environmental laboratories, among other advanced instruments and equipment57 - The company has undertaken numerous large-scale key construction projects, such as the Hong Kong-Zhuhai-Macao Bridge and Guangzhou International Finance Center, accumulating rich engineering practice experience58 - Adhering to the philosophy of "innovation for development, service to society," the company has established a strong reputation and influence within the industry, forming a powerful brand advantage59 - The company actively promotes the application of the "large-scale engineering inspection and testing integrated service" model, providing "one-stop" and value-added services for major clients' key projects61 Technological Advantage The company maintains a leading technological edge through continuous innovation, extensive standard development, numerous patents, and a network of over twenty advanced scientific research platforms - As of June 30, 2025, the company has chaired or participated in drafting 285 national, industry, and local standards, promoting industry progress and forming a competitive advantage in the inspection and testing sector51 - As of June 30, 2025, the company has obtained a total of 609 patents, 445 software copyrights, 91 national and provincial/ministerial level science and technology awards, and 295 departmental/bureau level science and technology awards51 - The company has established over twenty technology platforms, including the Guangdong Housing and Urban-Rural Development Technology Collaborative Innovation Center, Guangdong Domestic Waste Technology Research Center, National Green Building Quality Inspection and Testing Center (Guangzhou), and National Prefabricated Building Quality Inspection and Testing Center52 - Through technological innovation and platforms, the company leads and drives the advancement of industry technology and the construction of standard systems, continuously maintaining its position at the technological forefront of the industry53 Qualification Advantage The company possesses leading engineering inspection and green building certification qualifications, including unique national centers in South China, with over 4,100 testing standards and 31,869 parameters - The company is one of the leading institutions nationwide in engineering inspection and testing and green building material certification qualifications and capabilities, and the first certification body in South China to obtain green building material product certification qualifications54 - The company owns the only National Green Building Quality Inspection and Testing Center (Guangzhou) and National Prefabricated Building Quality Inspection and Testing Center in South China54 - General Station subsidiary successfully obtained the first comprehensive construction engineering quality inspection qualification certificate in Guangdong Province after the implementation of the "Measures for the Administration of Construction Engineering Quality Inspection"54 - The company has over 4,100 testing standards and 31,869 testing parameters approved by inspection and testing institution qualification accreditation, holding Class A comprehensive highway engineering and specialized bridge and tunnel engineering inspection qualifications issued by the Ministry of Transport, and all five categories of Class A water conservancy engineering inspection qualifications issued by the Ministry of Water Resources54 Talent Advantage As of June 30, 2025, the company boasts a high-caliber, young, professional, and diverse workforce of 1,829 employees, including 4 State Council special allowance experts and 873 mid-to-senior level professionals - As of June 30, 2025, the company has 1,829 employees, including a high-caliber talent team comprising experts enjoying special government allowances from the State Council, doctors, post-doctors, and registered engineers56 - Among them, 4 individuals enjoy special government allowances from the State Council, 68 are senior engineers, 873 hold mid-to-senior professional titles (accounting for 47.73% of mid-to-senior professionals), 350 hold various registered qualifications, and 38 are doctors or post-doctors56 - A total of 1,537 individuals hold bachelor's degrees or higher (bachelor's degree or above accounts for 84.00%), maintaining a young, professional, and diversified talent team for the company56 Instrument and Equipment Facility Advantage The company possesses advanced and unique testing facilities, including the nation's largest civil building wind tunnels and cutting-edge intelligent detection systems, ensuring a strong competitive edge - The company owns the first and currently largest two civil building wind tunnel laboratories in China, as well as first-class intelligent inspection demonstration laboratories for construction engineering materials, human habitat laboratories, building fire laboratories, safety production laboratories, and ecological environmental laboratories57 - As of June 30, 2025, the company possesses a series of advanced technologies and cutting-edge equipment, including an internationally leading sub-millimeter 3D intelligent pavement detection system, independently developed extra-large multi-functional curtain wall testing chambers, the first 5G intelligent inspection vehicle in China's engineering construction sector, and intelligent inspection robots57 Engineering Practice Experience Advantage The company has accumulated extensive engineering practice experience by undertaking inspection and testing services for numerous large-scale key construction projects, delivering scientific and impartial data - The company has undertaken inspection and testing technical services for numerous large-scale key construction projects in recent years, including the Hong Kong-Zhuhai-Macao Bridge, Guangdong Science Center, Guangzhou International Finance Center, Guangzhou Tower, Guangzhou New Baiyun International Airport, Shenzhen Stock Exchange Operations Center, and Shenzhen Ping An Finance Center58 - The company provides scientific and impartial testing data to all sectors of society, achieving good economic benefits58 Brand Advantage Adhering to "innovation for development, service to society," the company has built a strong brand reputation and influence, actively promoting integrated inspection services for major projects - Adhering to the philosophy of "innovation for development, service to society," the company has formed a virtuous cycle of "better serving society in high-quality development and seeking faster development in serving society," establishing a strong reputation and influence within the industry59 - The company assists administrative authorities in various regions in handling a large number of emergency rescue, engineering dispute, and accident handling issues, achieving significant social benefits and demonstrating its responsibility as a state-owned enterprise60 - The company has successively received honors such as "National AAA Credit Enterprise in Construction Industry," "National Green Building Pioneer Award," and "Top 100 Technology Service Institutions in Guangdong Province"60 - The company actively promotes the application of the "large-scale engineering inspection and testing integrated service" model, providing "one-stop" and more value-added services for major clients' key projects, improving operational efficiency, and setting a brand benchmark61 Analysis of Principal Business Operating revenue decreased by 3.95%, but net cash flow from operations significantly improved by 85.38% due to increased collections, while investment cash flow declined due to structured deposits Year-on-Year Changes in Key Financial Data | Indicator | Current Reporting Period (Yuan) | Prior Year Period (Yuan) | YoY Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 502,271,576.75 | 522,928,423.17 | -3.95% | | | Operating Cost | 270,428,547.32 | 284,549,249.87 | -4.96% | | | Selling Expenses | 30,303,005.55 | 27,818,222.19 | 8.93% | | | Administrative Expenses | 89,631,285.95 | 107,161,553.71 | -16.36% | | | Financial Expenses | -5,566,203.19 | -5,988,281.22 | 7.05% | | | Income Tax Expense | 1,074,704.84 | 258,177.48 | 316.27% | Primarily due to increased deferred income tax expense | | R&D Investment | 36,155,443.52 | 32,091,184.35 | 12.66% | | | Net Cash Flow from Operating Activities | -6,411,884.87 | -43,867,983.65 | 85.38% | Due to increased operating collections during the reporting period | | Net Cash Flow from Investing Activities | -106,136,709.27 | -62,408,479.63 | -70.07% | Primarily due to more purchases of structured deposits during the reporting period | | Net Cash Flow from Financing Activities | 8,149,031.50 | 18,455,822.76 | -55.85% | Primarily due to more bank acceptance bill deposits recovered in the prior year period | | Net Increase in Cash and Cash Equivalents | -104,405,535.51 | -87,820,640.52 | -18.88% | | - There were no significant changes in the company's profit composition or sources of profit during the reporting period63 Product or Service Accounting for Over 10% of Revenue | Product or Service | Operating Revenue (10,000 Yuan) | Operating Cost (10,000 Yuan) | Gross Profit Margin | YoY Change in Operating Revenue | YoY Change in Operating Cost | YoY Change in Gross Profit Margin | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Housing and Municipal | 36,138.02 | 18,500.48 | 48.81% | -1.06% | 0.23% | -1.33% | | Transportation | 2,199.99 | 1,202.63 | 45.33% | -31.38% | -33.89% | 4.81% | | Water Conservancy | 3,951.93 | 2,423.06 | 38.69% | -7.96% | -10.54% | 4.77% | | Energy Saving and Environmental Protection | 2,826.87 | 1,095.27 | 61.26% | -6.56% | -37.06% | 44.18% | | Safety Production | 3,936.46 | 3,201.34 | 18.67% | 0.46% | 6.79% | -20.52% | | Total Inspection Business | 49,053.27 | 26,422.78 | 46.13% | -3.76% | -4.69% | 1.15% | Analysis of Non-Principal Business The company had no analysis of non-principal business activities during the reporting period - The company had no analysis of non-principal business during the reporting period66 Analysis of Assets and Liabilities Total assets slightly decreased by 0.94% to 2.76 billion yuan, with notable changes in cash, accounts receivable, and a significant increase in trading financial assets Significant Changes in Asset Composition | Item | Amount at End of Current Reporting Period (Yuan) | Proportion of Total Assets | Amount at End of Prior Year (Yuan) | Proportion of Total Assets | Change in Proportion | | :--- | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 605,052,413.81 | 21.92% | 742,531,422.71 | 26.65% | -4.73% | | Accounts Receivable | 786,708,410.95 | 28.50% | 720,096,927.24 | 25.84% | 2.66% | | Contract Assets | 46,373,987.53 | 1.68% | 49,981,353.25 | 1.79% | -0.11% | | Inventories | 37,508,747.00 | 1.36% | 34,741,118.43 | 1.25% | 0.11% | | Fixed Assets | 432,505,908.56 | 15.67% | 447,862,141.66 | 16.07% | -0.40% | | Construction in Progress | 169,479,419.46 | 6.14% | 154,890,807.58 | 5.56% | 0.58% | | Right-of-Use Assets | 40,595,311.76 | 1.47% | 42,527,333.36 | 1.53% | -0.06% | | Contract Liabilities | 232,721,147.44 | 8.43% | 230,961,800.11 | 8.29% | 0.14% | | Lease Liabilities | 33,744,790.68 | 1.22% | 35,452,513.00 | 1.27% | -0.05% | - Overseas assets amounted to 1,990,818.51 yuan, accounting for 0.10% of the company's net assets67 Financial Assets and Liabilities Measured at Fair Value | Item | Beginning Balance (Yuan) | Fair Value Change Gain/Loss for Current Period (Yuan) | Ending Balance (Yuan) | | :--- | :--- | :--- | :--- | | Trading Financial Assets | 45,173,917.81 | -173,917.81 | 95,000,000.00 | | Other Equity Instrument Investments | 36,970,428.60 | -1,818,217.80 | 35,152,210.80 | | Total Above | 82,144,346.41 | -1,992,135.61 | 130,152,210.80 | - There were no significant changes in the measurement attributes of the company's main assets during the reporting period69 - Details of restricted asset rights at the end of the reporting period are provided in Section VIII Financial Report, VII. Notes to Consolidated Financial Statement Items 31, Assets with Restricted Ownership or Use Rights70 Analysis of Investment Status Total investment increased by 60.55% to 248.03 million yuan, primarily due to structured deposit purchases, with no significant equity or non-equity investments, fundraising, wealth management, or derivative investments Comparison of Investment Amount During Reporting Period | Indicator | Amount (Yuan) | | :--- | :--- | | Investment Amount for Current Reporting Period | 248,034,020.34 | | Investment Amount for Prior Year Period | 154,488,020.13 | | Change Percentage | 60.55% | Financial Assets Measured at Fair Value | Asset Category | Ending Balance (Yuan) | Source of Funds | | :--- | :--- | :--- | | Stocks | 35,152,210.80 | Own Funds | | Others | 95,000,000.00 | Own Funds | | Total | 130,152,210.80 | | - The company had no use of raised funds during the reporting period73 - The company had no wealth management, derivative investments, or entrusted loans during the reporting period747576 Significant Asset and Equity Sales The company did not engage in any significant asset or equity sales during the reporting period - The company did not sell significant assets during the reporting period77 - The company did not sell significant equity during the reporting period78 Analysis of Major Holding and Participating Companies This section lists the company's major subsidiaries and their financial data, with Guangdong Construction Engineering Quality and Safety Inspection General Station Co., Ltd. being the largest contributor Financial Data of Major Subsidiaries | Company Name | Company Type | Operating Revenue (Yuan) | Net Profit (Yuan) | | :--- | :--- | :--- | :--- | | Guangdong Jianke Transportation Engineering Quality Inspection Center Co., Ltd. | Subsidiary | 21,999,852.25 | 2,322,463.57 | | Guangdong Provincial Construction Engineering Quality and Safety Inspection General Station Co., Ltd. | Subsidiary | 359,637,587.08 | 26,700,829.60 | | Guangdong Provincial Safety Production Technology Center Co., Ltd. | Subsidiary | 45,513,924.96 | 2,149,267.51 | | Guangdong Jianke Yuansheng Engineering Inspection Co., Ltd. | Subsidiary | 39,519,304.05 | 1,319,182.11 | | Guangdong Jianke Energy Saving and Environmental Protection Technology Co., Ltd. | Subsidiary | 17,900,739.96 | 139,811.58 | | Guangdong Jianke Innovation Technology Research Institute Co., Ltd. | Subsidiary | 9,282,395.33 | -6,303,437.46 | | Foshan Institute of Building Science Co., Ltd. | Subsidiary | 2,186,172.93 | -2,698,368.82 | | Yangjiang Institute of Building Science Co., Ltd. | Subsidiary | 0.00 | -53,855.30 | | Hong Kong Institute of Building Science and Innovation Technology Co., Ltd. | Subsidiary | 112,086.15 | -360,000.27 | - There were no acquisitions or disposals of subsidiaries by the company during the reporting period80 Structured Entities Controlled by the Company The company did not control any structured entities during the reporting period - The company had no structured entities controlled during the reporting period81 Risks Faced by the Company and Countermeasures The company faces risks from concentrated revenue, intense market competition, and accounts receivable impairment, addressed by expanding outside Guangdong, leveraging brand advantages, and strengthening collection management - The company's business is primarily concentrated in Guangdong, posing a risk of unsatisfactory market expansion outside the province, which could impact operating revenue and profitability; the countermeasure is to continuously deepen business expansion outside Guangdong and expand coverage areas81 - The construction engineering inspection and testing service industry faces intense market competition, with enterprises from outside the province continuously entering the Guangdong market; the countermeasure is to leverage the listed company's brand effect and utilize advantages in technology, qualifications, and talent to consolidate its leading market position82 - As the scale of operations expands and client funding levels change, the company's accounts receivable and contract assets may increase, and their aging may lengthen, posing a risk of bad debts; the countermeasure is to increase business from government departments, public institutions, and state-owned enterprises with good credit, and strengthen collection management to improve collection speed83 Registration Form for Investor Relations Activities During the Reporting Period The company did not engage in any investor relations activities such as research visits, communications, or interviews during the reporting period - The company had no investor relations activities such as research visits, communications, or interviews during the reporting period84 Formulation and Implementation of Market Value Management System and Valuation Enhancement Plan The company has not formulated a market value management system nor disclosed a valuation enhancement plan - The company has not formulated a market value management system85 - The company has not disclosed a valuation enhancement plan85 Implementation of "Dual Improvement in Quality and Returns" Action Plan The company has not disclosed an announcement regarding the "Dual Improvement in Quality and Returns" action plan - The company has not disclosed an announcement regarding the "Dual Improvement in Quality and Returns" action plan86 Corporate Governance, Environment, and Society This section covers changes in the company's directors, supervisors, and senior management, profit distribution, employee incentives, environmental information, and social responsibility initiatives Changes in Directors, Supervisors, and Senior Management There were no changes in the company's directors, supervisors, and senior management during the reporting period - There were no changes in the company's directors, supervisors, and senior management during the reporting period, as detailed in the Prospectus88 Profit Distribution and Capital Reserve Conversion to Share Capital for the Current Reporting Period The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the semi-annual period - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the semi-annual period89 Implementation of Company Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures during the reporting period - The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures and their implementation during the reporting period90 Environmental Information Disclosure The listed company and its major subsidiaries are not included in the list of enterprises required to disclose environmental information by law - The listed company and its major subsidiaries are not included in the list of enterprises required to disclose environmental information by law91 Social Responsibility The company ensures investor and employee protection through strict compliance and communication, while actively contributing to industry development and undertaking key projects as part of its social responsibility - The company strictly adheres to laws and regulations such as the "Company Law" and "Securities Law" of the People's Republic of China, establishing a corporate governance structure and fulfilling information disclosure obligations with completeness, timeliness, and accuracy, building diversified communication channels to effectively safeguard shareholders' right to know91 - During the reporting period, the company strictly complied with labor laws and regulations, including the "Labor Law" and "Labor Contract Law" of the People's Republic of China, signing labor contracts with all formal employees and arranging social insurance (pension, medical, unemployment, work injury, maternity) and housing provident funds92 - The company leverages business synergy and capital leverage to promote the transformation and development of existing businesses, incubate new businesses, and enhance sustainable development capabilities, while utilizing its credible service brand advantage to advance industry development to a new level and actively undertake major key construction projects93 Significant Matters This section details the company's commitments, related party transactions, and other significant events, confirming timely fulfillment of commitments and absence of major issues Commitments Fulfilled and Overdue Unfulfilled by the Company's Actual Controller, Shareholders, Related Parties, Acquirers, and Other Committed Parties During and as of the End of the Reporting Period This section lists commitments by the company, controlling shareholders, and other related parties regarding share restrictions, reductions, dividends, competition, related transactions, and stable stock prices, all of which were fulfilled on time - Guofa Fund and Yueke Financial committed not to transfer or entrust others to manage their shares in the company for twelve months from the date of the company's initial public offering and listing97 - Jiangu Holding committed not to transfer shares for 36 months from the date of the company's initial public offering and listing, and to extend the lock-up period based on the company's net profit decline in the listing year and subsequent years97 - The company, Jiangu Holding, Guofa Fund, Yueke Financial, and directors, supervisors, and senior management made long-term commitments regarding share reduction methods, prices, and information disclosure98100102 - The company and Jiangu Holding committed to strictly implement the profit distribution policy and shareholder dividend return plan stipulated in the company's articles of association102 - Jiangu Holding, Guofa Fund, and Yueke Financial committed to avoid horizontal competition, reduce related party transactions, and prevent fund occupation103105 - The company, Jiangu Holding, and directors, supervisors, and senior management committed to initiate share price stabilization measures under specific conditions (e.g., if the company's stock closing price falls below net asset value per share), including company share repurchases or increased holdings by the controlling shareholder, directors, supervisors, and senior management105106 - The company and Jiangu Holding committed that this issuance and listing does not involve fraudulent issuance, and if the issuance and listing conditions are not met, all new shares will be repurchased108 - The company, Jiangu Holding, Guofa Fund, Yueke Financial, and directors, supervisors, and senior management committed to strictly fulfill all public commitments, and will bear corresponding legal liabilities if unable to fulfill them110111 - Jiangu Holding committed to bear the supplementary payment amounts, related expenses, and economic compensation liabilities arising from the company and its controlled subsidiaries' failure to pay social insurance or housing provident funds for employees112 - Jiangu Holding committed to bear penalties or other losses incurred by the company and its controlled subsidiaries due to defects in owned or leased properties112 - The company committed that there are no entities prohibited by laws and regulations from directly or indirectly holding company shares, and to truthfully, accurately, and completely disclose shareholder information114 - Commitments fulfilled on time: Yes114 Non-Operating Fund Occupation by Controlling Shareholders and Other Related Parties of the Listed Company The company had no non-operating fund occupation by controlling shareholders or other related parties during the reporting period - During the reporting period, there was no non-operating fund occupation by controlling shareholders or other related parties of the listed company115 Irregular External Guarantees The company had no irregular external guarantees during the reporting period - The company had no irregular external guarantees during the reporting period116 Appointment and Dismissal of Accounting Firms The company's semi-annual financial report was not audited - The company's semi-annual report was not audited117 Explanation by the Board of Directors, Supervisory Board, and Audit Committee on the Accounting Firm's "Non-Standard Audit Report" for the Current Reporting Period The company had no non-standard audit report during the reporting period - The company had no non-standard audit report during the reporting period118 Explanation by the Board of Directors on the "Non-Standard Audit Report" for the Previous Year The company had no non-standard audit report during the reporting period - The company had no non-standard audit report during the reporting period118 Bankruptcy and Reorganization Matters The company had no bankruptcy and reorganization matters during the reporting period - The company had no bankruptcy and reorganization matters during the reporting period118 Litigation Matters The company had no significant litigation, arbitration, or other litigation matters during the current reporting period - The company had no significant litigation or arbitration matters during the current reporting period119 - The company had no other litigation matters during the current reporting period119 Penalties and Rectification The company had no penalties or rectification situations during the reporting period - The company had no penalties or rectification situations during the reporting period119 Integrity Status of the Company, its Controlling Shareholder, and Actual Controller The integrity status of the company, its controlling shareholder, and actual controller is not disclosed - The integrity status of the company, its controlling shareholder, and actual controller is not disclosed120 Significant Related Party Transactions The company had no significant related party transactions, including those related to daily operations, asset/equity acquisition/disposal, joint external investments, or non-operating related party receivables/payables - The company had no significant related party transactions related to daily operations during the reporting period121 - The company had no related party transactions involving asset or equity acquisition/disposal during the reporting period122 - The company had no related party transactions involving joint external investments during the reporting period123 - The company had no non-operating related party receivables and payables during the reporting period124 - There were no deposits, loans, credit lines, or other financial businesses between the company and related financial companies, or between financial companies controlled by the company and related parties125126 - The company had no other significant related party transactions during the reporting period127 Significant Contracts and Their Performance The company had no significant entrustment, contracting, or guarantee situations, and no leasing projects generating over 10% of total profit, nor other major contracts during the reporting period - The company had no entrustment situations during the reporting period128 - The company had no contracting situations during the reporting period129 - During the reporting period, the company, as a lessee, had or continued leasing matters primarily for office premises and office printers; as a lessor, the company had or continued leasing matters primarily for fixed assets130 - The company had no leasing projects that generated profits exceeding 10% of the company's total profit for the reporting period130 - The company had no significant guarantee situations during the reporting period131 - The company had no significant contracts related to daily operations during the reporting period132 - The company had no other significant contracts during the reporting period133 Explanation of Other Significant Matters The company had no other significant matters requiring explanation during the reporting period - The company had no other significant matters requiring explanation during the reporting period134 Significant Matters of Company Subsidiaries The company had no significant matters of subsidiaries disclosed during the reporting period - The company had no significant matters of subsidiaries disclosed during the reporting period135 Share Changes and Shareholder Information This section details the company's share capital structure, shareholder numbers, and major shareholders, confirming no changes in total shares or controlling parties Share Change Status The company's total share capital remained unchanged at 313.9 million shares, with all shares subject to sales restrictions, and no applicable changes in share buybacks or reductions Share Change Status | Item | Quantity Before Change (Shares) | Proportion Before Change | Increase/Decrease in Current Change (Shares) | Quantity After Change (Shares) | Proportion After Change | | :--- | :--- | :--- | :--- | :--- | :--- | | I. Restricted Shares | 313,900,000 | 100.00% | 0 | 313,900,000 | 100.00% | | 2. State-owned Legal Person Shares | 278,190,000 | 88.62% | 0 | 278,190,000 | 88.62% | | 3. Other Domestic Shares | 35,710,000 | 11.38% | 0 | 35,710,000 | 11.38% | | III. Total Shares | 313,900,000 | 100.00% | 0 | 313,900,000 | 100.00% | - Reasons for share changes, approval status, transfer status, progress of share repurchase implementation, and progress of share repurchase reduction through centralized bidding are all not applicable138 Securities Issuance and Listing Status The company had no securities issuance or listing activities during the reporting period - The company had no securities issuance or listing activities during the reporting period139 Number of Shareholders and Shareholding Status At the end of the reporting period, the company had 69 common shareholders, with the top three being Guangdong Construction Engineering Group Holding Co., Ltd. (73.62%), Guangdong State-owned Enterprise Reorganization and Development Fund (10.00%), and Guangdong Yueke Financial Group Co., Ltd. (5.00%) - Total number of common shareholders at the end of the reporting period: 69 households140 Shareholding Status of Shareholders Holding 5% or More or Top 10 Shareholders | Shareholder Name | Shareholder Nature | Shareholding Ratio | Number of Shares Held at End of Reporting Period (Shares) | Number of Restricted Shares Held (Shares) | Pledged, Marked, or Frozen Status | | :--- | :--- | :--- | :--- | :--- | :--- | | Guangdong Provincial Construction Engineering Group Holding Co., Ltd. | State-owned Legal Person | 73.62% | 231,100,000 | 231,100,000 | Not Applicable | | Guangdong State-owned Enterprise Reorganization and Development Fund (Limited Partnership) | State-owned Legal Person | 10.00% | 31,390,000 | 31,390,000 | Not Applicable | | Guangdong Yueke Financial Group Co., Ltd. | State-owned Legal Person | 5.00% | 15,700,000 | 15,700,000 | Not Applicable | | Cao Dayan | Domestic Natural Person | 0.48% | 1,500,000 | 1,500,000 | Not Applicable | | Chen Shaoxiang | Domestic Natural Person | 0.45% | 1,400,000 | 1,400,000 | Not Applicable | | Jiang Xujin | Domestic Natural Person | 0.38% | 1,200,000 | 1,200,000 | Not Applicable | | Li Chaohua | Domestic Natural Person | 0.37% | 1,150,000 | 1,150,000 | Not Applicable | | Li Ming | Domestic Natural Person | 0.34% | 1,080,000 | 1,080,000 | Not Applicable | | Ouyang Kun | Domestic Natural Person | 0.34% | 1,070,000 | 1,070,000 | Not Applicable | | Wu Peihao | Domestic Natural Person | 0.33% | 1,030,000 | 1,030,000 | Not Applicable | - The company has no voting rights difference arrangements141 - The company's top 10 common shareholders and top 10 unrestricted common shareholders did not engage in agreed repurchase transactions during the reporting period141 Changes in Shareholdings of Directors, Supervisors, and Senior Management There were no changes in the shareholdings of the company's directors, supervisors, and senior management during the reporting period - There were no changes in the shareholdings of the company's directors, supervisors, and senior management during the reporting period, as detailed in the Prospectus142 Changes in Controlling Shareholder or Actual Controller The company's controlling shareholder and actual controller remained unchanged during the reporting period - The company's controlling shareholder did not change during the reporting period143 - The company's actual controller did not change during the reporting period143 Preferred Share Related Information The company had no preferred shares during the reporting period - The company had no preferred shares during the reporting period144 Bond Related Information This section confirms that the company had no bond-related activities during the reporting period Bond Related Information The company had no bond-related information during the reporting period - The company had no bond-related information during the reporting period146 Financial Report This section presents the company's unaudited semi-annual financial statements, including balance sheets, income statements, cash flow statements, and statements of changes in owners' equity Audit Report The company's semi-annual financial report was not audited - The company's semi-annual financial report was not audited148 Financial Statements This section provides the company's consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity for the 2025 semi-annual period Consolidated Balance Sheet Key Data (June 30, 2025) | Item | Ending Balance (Yuan) | | :--- | :--- | | Total Assets | 2,760,634,633.14 | | Total Liabilities | 686,488,423.04 | | Total Owners' Equity | 2,074,146,210.10 | Consolidated Income Statement Key Data (H1 2025) | Item | Current Period Amount (Yuan) | | :--- | :--- | | Total Operating Revenue | 502,271,576.75 | | Net Profit | 32,606,816.97 | | Net Profit Attributable to Parent Company Shareholders | 33,551,253.79 | | Basic Earnings Per Share (Yuan/share) | 0.1100 | Consolidated Cash Flow Statement Key Data (H1 2025) | Item | Current Period Amount (Yuan) | | :--- | :--- | | Net Cash Flow from Operating Activities | -6,411,884.87 | | Net Cash Flow from Investing Activities | -106,136,709.27 | | Net Cash Flow from Financing Activities | 8,149,031.50 | | Net Increase in Cash and Cash Equivalents | -104,405,535.51 | Consolidated Balance Sheet As of June 30, 2025, the company's consolidated total assets were 2.76 billion yuan, with monetary funds at 605.05 million yuan and accounts receivable at 786.71 million yuan Consolidated Balance Sheet Key Data (June 30, 2025) | Item | Ending Balance (Yuan) | Beginning Balance (Yuan) | | :--- | :--- | :--- | | Total Assets | 2,760,634,633.14 | 2,786,731,894.80 | | Total Current Assets | 1,635,612,930.43 | 1,652,254,503.04 | | Total Non-Current Assets | 1,125,021,702.71 | 1,134,477,391.76 | | Total Liabilities | 686,488,423.04 | 743,620,416.86 | | Total Owners' Equity | 2,074,146,210.10 | 2,043,111,477.94 | - Ending monetary funds were 605,052,413.81 yuan, trading financial assets were 95,000,000.00 yuan, and accounts receivable were 786,708,410.95 yuan150 Parent Company Balance Sheet As of June 30, 2025, the parent company's total assets were 2.14 billion yuan, with monetary funds at 470.44 million yuan and long-term equity investments at 438.02 million yuan Parent Company Balance Sheet Key Data (June 30, 2025) | Item | Ending Balance (Yuan) | Beginning Balance (Yuan) | | :--- | :--- | :--- | | Total Assets | 2,140,986,646.74 | 2,131,976,453.88 | | Total Current Assets | 1,108,164,996.34 | 1,087,487,906.37 | | Total Non-Current Assets | 1,032,821,650.40 | 1,044,488,547.51 | | Total Liabilities | 531,886,570.11 | 533,086,064.41 | | Total Owners' Equity | 1,609,100,076.63 | 1,598,890,389.47 | - Ending monetary funds were 470,443,616.88 yuan, trading financial assets were 80,000,000.00 yuan, and long-term equity investments were 438,015,975.36 yuan153 Consolidated Income Statement For H1 2025, the company reported total operating revenue of 502.27 million yuan, net profit of 32.61 million yuan, and net profit attributable to parent company shareholders of 33.55 million yuan Consolidated Income Statement Key Data (H1 2025) | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 502,271,576.75 | 522,928,423.17 | | Total Operating Cost | 426,364,109.06 | 451,178,119.92 | | Total Profit | 33,681,521.81 | 32,106,439.94 | | Net Profit | 32,606,816.97 | 31,848,262.46 | | Net Profit Attributable to Parent Company Shareholders | 33,551,253.79 | 32,657,566.92 | | Basic Earnings Per Share (Yuan/share) | 0.1100 | 0.1000 | | Net Amount of Other Comprehensive Income After Tax | -1,572,084.81 | -12,793,182.46 | | Total Comprehensive Income | 31,034,732.16 | 19,055,080.00 | Parent Company Income Statement For H1 2025, the parent company achieved operating revenue of 90.56 million yuan, net profit of 11.76 million yuan, and basic earnings per share
广东建科(301632) - 2025 Q2 - 季度财报