Core Viewpoint - Guangdong JianKe is set to benefit from the growing demand in the inspection and testing services sector, supported by national policies favoring high-tech service industries [3][4]. Company Overview - Guangdong JianKe specializes in inspection and testing technology services in the construction engineering field, with over 98% of its revenue coming from this business from 2022 to 2024 [3]. - The company has established several advanced laboratories, including the largest civil building wind tunnel laboratory in China and various specialized testing facilities [3]. Competitive Advantages - The company holds over 4,100 recognized testing standards and approximately 32,000 testing parameters, covering multiple sectors such as construction, municipal, transportation, and environmental safety [3]. - Guangdong JianKe has participated in over 20 national science and technology projects and has received numerous awards, including 89 national and provincial-level technology awards [3]. Financial Performance - The company has successfully undertaken major projects like the Hong Kong-Zhuhai-Macao Bridge and Guangzhou Baiyun International Airport, leading to significant economic benefits [4]. - From 2022 to 2024, the company’s accounts receivable and contract assets as a percentage of total assets are projected to increase, indicating potential liquidity concerns [5]. Market Risks - The company faces risks due to its heavy reliance on the Guangdong region, where revenue from this area accounted for approximately 97.5% over the past three years [4]. - The real estate sector's slowdown, influenced by tightened policies, has led to delayed payments for inspection and testing services, increasing the risk of bad debts [4].
拥有全国首家建筑风洞实验室 港珠澳大桥检测商今日上市丨打新早知道