Group 1 - The latest stock price of Hangzhou Garden is 18.38 yuan, an increase of 0.16 yuan from the previous trading day's closing price, representing a rise of 0.88% [1] - The opening price was 18.00 yuan, with a highest price of 18.46 yuan and a lowest price of 17.48 yuan, while the trading volume was 118,125 hands and the trading amount reached 212 million yuan [1] - Hangzhou Garden is involved in several concept sectors including engineering consulting services, Zhejiang sector, micro-disc stocks, new urbanization, and blockchain [1] Group 2 - The company's main business includes landscape design, construction, and maintenance, covering areas such as municipal parks, ecological restoration, and cultural tourism projects [1] - Shenzhen Longgang District Data Co., Ltd. and the Hong Kong Web 3.0 Standardization Association have reached a cooperation agreement to establish a cross-border data compliance recognition mechanism, with Hangzhou Garden listed as one of the related concept stocks [1] - On the same day, the net outflow of main funds for Hangzhou Garden was 1.5643 million yuan, accounting for 0.08% of the circulating market value, while the net inflow over the past five days was 34.7309 million yuan, accounting for 1.78% of the circulating market value [1]

Group 1 - The latest stock price of Zhongshe Co., Ltd. is 12.41 yuan, with an increase of 0.24% compared to the previous trading day [1] - The stock reached a maximum of 12.44 yuan and a minimum of 12.27 yuan during the trading session, with a total trading volume of 77,451 hands and a transaction amount of 0.96 billion yuan [1] - Zhongshe Co., Ltd. operates in the engineering consulting services industry, providing comprehensive engineering consulting services including architectural design, project supervision, and engineering consulting [1] Group 2 - As of August 8, 2025, the total number of shareholders for Zhongshe Co., Ltd. is 29,267, indicating a change in the investor structure [1] - On August 19, the net inflow of main funds was 2.4452 million yuan, accounting for 0.15% of the circulating market value [1] - Over the past five trading days, the cumulative net outflow of main funds was 2.0996 million yuan, representing 0.13% of the circulating market value [1]

Group 1 - The stock price of Hualan Group is reported at 15.70 yuan, down 0.30 yuan from the previous trading day, with a decline of 1.88% [1] - The stock reached a high of 15.87 yuan and a low of 15.16 yuan during the trading session, with a trading volume of 151,100 hands and a transaction amount of 235 million yuan [1] - Hualan Group operates in the engineering consulting services industry, covering areas such as construction engineering design and consulting [1] Group 2 - The subsidiary, Guangxi Hualan Hydropower Engineering Design Co., Ltd., holds a Class B qualification in the water conservancy industry and engages in related engineering design and consulting services [1] - On August 11, the company stated on an interactive platform that its production and operations are normal, with the semi-annual report for 2025 set to be disclosed on August 26 [1] - In response to investor inquiries about the Yaxia Hydropower Station project, the company indicated that it has not yet undertaken related projects but will continue to monitor and actively participate in relevant opportunities [1] Group 3 - On August 11, the net outflow of main funds was 2.7798 million yuan, with a cumulative net outflow of 27.32458 million yuan over the past five days [1]

Core Viewpoint - The Beijing Stock Exchange is set to review the IPO application of Zhongcheng Zhixin Engineering Consulting Group Co., Ltd. on August 4, 2025, with Dongwu Securities as the sponsor [1] Company Overview - Zhongcheng Consulting was established in 2002 and listed on the National Equities Exchange and Quotations in December 2016, later moving to the innovation layer in May 2023 [1] - The company provides professional technical services including engineering cost, bidding agency, project supervision and management, BIM services, and engineering design [1] Shareholding Structure - As of the signing date of the prospectus, Xu Xuele holds 86.98% of the voting rights, while Lu Jun, the chairman and general manager, plays a significant role in decision-making despite not holding shares [1] - There is a risk of changes in the shareholding structure due to a buyback obligation of the actual controller [1] Financial Performance - In 2022 and 2023, Zhongcheng Consulting distributed cash dividends of 25 million and 30.4286 million respectively, primarily benefiting the major shareholder [2] - The company aims to raise approximately 200 million yuan for projects related to engineering consulting service network construction and R&D [2] Revenue Composition - The main business revenue is derived from engineering cost, bidding agency, project supervision and management, and other technical services, with engineering cost contributing over 50% of total revenue [5][6] - Revenue figures for the reporting period are approximately 303 million yuan, 368 million yuan, and 396 million yuan, with corresponding net profits of approximately 64 million yuan, 81 million yuan, and 105 million yuan [7] Market Dependency - Over 90% of the company's revenue comes from clients within Jiangsu Province, indicating a significant reliance on local customers [8][9] - The revenue from Jiangsu Province accounted for 98.36%, 96.85%, and 96.88% of total revenue from 2022 to 2024 [10] Accounts Receivable Risk - The accounts receivable balance has been increasing, with values of approximately 141 million yuan, 175 million yuan, and 209 million yuan over the reporting period, representing 46.50%, 47.52%, and 52.83% of total revenue [11] - If major clients face financial difficulties, it could impact the company's financial health due to potential delays or defaults in receivables [11]