Core Viewpoint - The company has approved the list of incentive recipients for the 2025 restricted stock incentive plan, confirming compliance with relevant regulations and ensuring transparency in the process [1][4][6]. Group 1: Incentive Plan Details - The company held meetings on September 5, 2025, to approve the proposal for granting reserved restricted stocks to incentive recipients [1]. - The public announcement of the incentive recipients' names and positions was made from September 6 to September 15, 2025, through the company's internal website [1][2]. - The supervisory board confirmed that no objections were received during the public notice period [2]. Group 2: Supervisory Board Review - The supervisory board verified the identities and employment contracts of the incentive recipients, confirming that their information was accurate and complete [3]. - The board concluded that the recipients did not fall under any disqualifying conditions as outlined in the management regulations [5][6]. - The recipients included in the incentive plan do not include independent directors, supervisors, or major shareholders, ensuring compliance with legal requirements [6]. Group 3: Investor Relations and Performance - The company participated in an online investor meeting on September 15, 2025, to discuss its half-year performance and engage with investors [7][8]. - The net cash flow from operating activities increased by 8.25 million yuan compared to the same period last year, attributed to reduced labor and material costs [10]. - The company aims to enhance its market presence and explore potential overseas market opportunities while focusing on its core business [12].

Core Viewpoint - Guangdong Institute of Building Science Group Co., Ltd. has received approval for its initial public offering (IPO) of RMB ordinary shares (A-shares) and plans to list on the ChiNext board, with a total issuance of 10.466 million shares, accounting for 25% of the post-issue total share capital [1] Pricing and Valuation - The issue price is set at RMB 6.56 per share, resulting in a diluted price-to-earnings (P/E) ratio of 26.48 times based on the lower of the net profit attributable to the parent company for 2024, excluding non-recurring gains and losses. This is lower than the industry average static P/E ratio of 36.57 times and the arithmetic mean of 34.86 times for comparable listed companies [2][10] - The company emphasizes the importance of investors assessing the reasonableness of the issue price and making informed investment decisions [2][10] Issuance Process - The issuance will follow the regulations set forth by the China Securities Regulatory Commission and the Shenzhen Stock Exchange, including specific guidelines for the issuance and underwriting process [3] - The initial strategic placement will involve 31.398 million shares, representing 30% of the total issuance, with no need for a reallocation to the offline issuance [6][7] Competitive Advantages - The company possesses significant technological advantages, having led the compilation of numerous national and industry standards, and holds 556 patents and 415 software copyrights, showcasing its strong innovation capabilities [10][11] - The company is recognized as a leading institution in engineering inspection and testing, with comprehensive qualifications and certifications, including the first green building product certification in South China [13][14] - The workforce consists of 1,797 employees, including experts with special government allowances and a high percentage of personnel with advanced degrees, highlighting the company's talent advantage [15]