Venture(US:VEMLY) Zheng Quan Zhi Xing·2025-08-10 13:14Group 1 - Guangdong Provincial Academy of Building Research Group Co., Ltd. will be listed on the Shenzhen Stock Exchange's ChiNext board on August 12, 2025, with the stock code 301632 and the stock name "Guangdong Jian Ke" [1][13] - The company plans to issue 10,466,000 shares, resulting in a total share capital of 41,856,000 shares post-issue, with approximately 16.45% of the shares being unrestricted for trading [4][15] - The initial public offering (IPO) price is set at 6.56 yuan per share, which corresponds to a diluted price-to-earnings (P/E) ratio of 26.48 times based on the lower of the 2024 net profit attributable to shareholders before and after non-recurring gains and losses [6][19] Group 2 - The company operates in the professional technical service industry, specifically in construction engineering inspection and testing services, and has a significant revenue concentration in Guangdong province, accounting for over 97% of its main business income from 2022 to 2024 [9][20] - The average static P/E ratio for comparable companies in the same industry is 34.86 times as of July 29, 2025, indicating that the company's offering price is below the industry average [5][6] - The company has faced a slight decline in net profit in 2023 due to increased credit and asset impairment losses, as well as a slight decrease in gross margin [10][19]