Venture(US:VEMLY) Zheng Quan Zhi Xing·2025-08-10 13:14Company Overview - Guangdong Provincial Institute of Architectural Science Group Co., Ltd. is set to list its shares on the Shenzhen Stock Exchange's ChiNext board on August 12, 2025 [1] - The company will issue a total of 10,466,000 shares, all of which are new shares, resulting in a total share capital of 418,560,000 shares post-IPO [4] Pricing and Valuation - The IPO price is set at 6.56 RMB per share, which corresponds to a diluted price-to-earnings (P/E) ratio of 26.48 times based on the company's 2024 earnings, lower than the industry average P/E ratio of 34.86 times [2][3] - As of July 29, 2025, the average P/E ratio for comparable listed companies in the same industry is 27.91 for the previous earnings per share (EPS) and 34.86 for the forward EPS [2] Industry Context - The company operates in the professional technical services industry (M74), which, as of July 2025, has an average static P/E ratio of 36.57 times [2] - The ChiNext board is characterized by higher investment risks, including unstable performance and significant delisting risks [2]