Group 1 - Zhongcheng Zhixin Engineering Consulting Group is preparing for an IPO on the Beijing Stock Exchange, with its application accepted in December last year and scheduled for review on August 4 this year [1] - The company plans to raise 330 million yuan, primarily for the construction of its engineering consulting service network, R&D and information technology development, EPC business expansion, and to supplement liquidity [1] - Zhongcheng Consulting specializes in engineering consulting services, including project cost estimation, bidding agency, project supervision and management, BIM services, and overall consulting services [1] Group 2 - Despite a high business concentration, Zhongcheng Consulting claims that its regional business concentration aligns with industry characteristics, although its revenue from outside Jiangsu province is limited and growing slowly [3] - The company's accounts receivable have increased from 133 million yuan at the end of 2020 to 209 million yuan by the end of 2024, with a rising proportion of total revenue, indicating slower collection speed compared to peers [3] - The contribution of revenue from real estate clients has decreased by 6.22 percentage points in recent years, indicating a shift in customer structure and a reduction in reliance on the real estate industry [3] Group 3 - Zhongcheng Consulting was founded by Xu Xuele and his wife, with Xu having extensive experience in project cost estimation and supervision, while Lu Jun has held executive positions in multiple companies [7] - Under their leadership, the company has grown to nearly 400 million yuan in annual revenue [7] - The company is actively seeking solutions to address high business concentration, low accounts receivable turnover, and difficulties in collecting payments from real estate clients, with plans to expand its business outside Jiangsu, optimize customer structure, and enhance accounts receivable management [8]