近期，房地产市场迎来新政策，2月25日，上海发布"新七条"，涉及限购调减、公积金优化、房产税完善等七项内容。 李蓓曾在接受媒体采访时表示，基于供给侧大出清、总量周期性回升等因素，半年内地产或出现"十年一遇的机会"。 与此同时，一家专注于岩土工程服务的公司正在寻求港股上市。 格隆汇获悉，深圳宏业基岩土科技股份有限公司（简称"宏业基"）于2月15日递表港交所，由光银国际担任保荐人。这 是该公司第二次递表港交所。 此前，宏业基还曾寻求A股上市。公司于2021年6月向深交所主板提交上市申请，2023年8月过会，并于同年12月提交 注册。不过，2025年1月，公司主承销商主动要求撤回注册申请文件，A股IPO终止。 港股招股书中称，公司A股上市申请终止主要是因为市场环境变化，考虑到联交所可以提供吸引海外投资者的国际平 台，公司在A股上市申请终止后，转而寻求在联交所上市。 01 在华南地区提供岩土工程服务，总部位于深圳南山 宏业基成立于2002年6月，2016年10月改制为股份公司，总部位于深圳南山。 截至2026年2月5日，陈枝东与王凤梅夫妇是公司的控股股东。公司主要机构投资者包括中小企业基金、北京基石创业 有限合伙、宏 ...

Core Viewpoint - Shenzhen Hongye Jiyuan Geotechnical Technology Co., Ltd. has submitted its second listing application to the Hong Kong Stock Exchange, with Guangyin International as its sole sponsor [1] Company Overview - The company has over 23 years of experience in geotechnical engineering services in South China since 2002, focusing on pile foundation engineering, excavation engineering, and mixed support engineering [3] - It is recognized as the largest non-state-owned geotechnical engineering company in South China by revenue in 2024, with a market share of 1.9% among non-state-owned enterprises involved in large geotechnical projects [3][4] - The company has received multiple awards, including being recognized as one of Shenzhen's top 500 enterprises from 2019 to 2024 and as a high-tech enterprise [3] Industry Overview - The Chinese geotechnical engineering industry is characterized by a fragmented competitive landscape, with state-owned enterprises holding approximately 74% of the market share and non-state-owned enterprises accounting for about 26% [4] - Non-state-owned enterprises are increasingly taking on high-value projects, and their market share is expected to grow as market reforms and technological innovations continue [4][10] Financial Performance - The company's revenue for the fiscal years 2022, 2023, 2024, and the first nine months of 2025 were approximately RMB 1.228 billion, RMB 1.112 billion, RMB 1.011 billion, and RMB 780 million, respectively [6] - The profit for the same periods was RMB 47.48 million, RMB 56.68 million, RMB 75.67 million, and RMB 60.99 million [7] - The gross profit margins for these periods were 15.5%, 18.9%, 23.7%, and 25.6% [8] Market Growth - The Chinese geotechnical engineering market is projected to grow from RMB 870.8 billion in 2020 to RMB 952 billion in 2024, with a compound annual growth rate (CAGR) of 2.3% [10] - The non-state-owned geotechnical engineering market is expected to grow from RMB 216 billion in 2020 to RMB 247.5 billion in 2024, with a CAGR of 3.5% [12] - The market for large geotechnical engineering projects is anticipated to reach RMB 234.9 billion by 2029, with a CAGR of 8.6% from 2025 to 2029 [13]

The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of Shenzhen Hongyeji Geotechnical Technology Co., Ltd. 深圳宏業基岩土科技股份有限公司 (the "Company") (A joint stock company incorpor ...