Core Viewpoint - Zhongcheng Zhixin Engineering Consulting Group Co., Ltd. has received approval for its initial public offering (IPO) on the Beijing Stock Exchange, aiming to raise funds for various projects including engineering consulting service network construction and business expansion [1] Financial Performance - The company reported revenues of 303 million yuan, 368 million yuan, and 396 million yuan for the years 2022, 2023, and 2024 respectively, indicating a revenue growth of 7.39% in 2024 [1] - Net profits for the same years were 64.36 million yuan, 81.06 million yuan, and 105 million yuan, showing a significant increase of 30.02% in 2024 [1] - Key financial metrics for 2024 include: - Revenue: 39.56 million yuan - Net profit attributable to shareholders: 10.54 million yuan - Basic earnings per share: 2.08 yuan - Weighted average return on equity: 33.87% [1]

Core Viewpoint - On August 4, 2025, Qidi Design's stock price closed at 15.57 yuan, experiencing a decline of 0.51 yuan or 3.17% from the previous trading day [1] Group 1: Stock Performance - The stock opened at 16.00 yuan, reached a high of 16.36 yuan, and a low of 15.15 yuan, with an overall trading range of 7.52% [1] - The trading volume was 360,642 hands, with a total transaction amount of 561 million yuan [1] - During the trading day, there was a rapid fluctuation in the stock price, with a rebound of over 2% within 5 minutes at 9:35 AM, followed by a decline of over 2% within 5 minutes at 9:57 AM [1] Group 2: Capital Flow - On August 4, the net outflow of main funds for Qidi Design was 16.58 million yuan, accounting for 0.64% of the circulating market value [1] - Over the past five trading days, the cumulative net inflow of main funds was 89.77 million yuan, representing 3.44% of the circulating market value [1] Group 3: Company Overview - Qidi Design operates in the engineering consulting services industry, with its main business covering architectural design, urban planning, and landscape design [1] - The company is registered in Jiangsu Province and is involved in emerging technology fields such as solar energy and virtual reality [1]

Group 1 - The stock price of Youan Design closed at 22.26 yuan on August 4, down 0.62% from the previous trading day [1] - The trading volume on that day was 14,960 hands, with a transaction amount of 0.33 billion yuan, and a fluctuation of 2.46% [1] - Youan Design operates in the engineering consulting services industry, focusing on architectural design and related consulting services, with a business scope that includes new urbanization construction [1] Group 2 - As of July 31, the number of shareholders for Youan Design was 12,690, a decrease of 1,130 shareholders, representing a decline of 8.18% compared to July 20 [1] - In the first quarter, the company achieved operating revenue of 47.74 million yuan, a year-on-year increase of 19.01%, while net profit was a loss of 0.2883 million yuan, but this loss narrowed by 97.80% year-on-year [1] - On August 4, the net outflow of main funds was 0.9859 million yuan, accounting for 0.04% of the circulating market value, with a cumulative net outflow of 1.21995 million yuan over the past five trading days, representing 0.46% of the circulating market value [1]

Group 1 - The stock price of Huajian Group is reported at 13.26 yuan, down 3.21% from the previous trading day, with a trading range of 8.03% [1] - The stock reached a high of 14.26 yuan and a low of 13.16 yuan during the trading session, with a total trading volume of 1.27 million hands and a transaction amount of 1.748 billion yuan [1] - The company primarily engages in engineering consulting services, covering areas such as architectural design, urban planning, and project supervision, and is a significant player in the Shanghai construction service sector [1] Group 2 - The net outflow of main funds on that day was 205 million yuan, with a cumulative net outflow of 150 million yuan over the past five trading days [1] - The stock exhibited alternating patterns of rapid pullbacks and rebounds during the trading period, indicating significant market divergence [1]

Core Viewpoint - Guangzi International's stock price is currently at 18.18 yuan, reflecting a decrease of 0.38 yuan from the previous trading day, with a trading volume of 22,545 hands and a transaction amount of 0.41 billion yuan [1] Group 1: Company Overview - Guangzi International operates in the engineering consulting services industry and is one of the earliest professional service institutions in China engaged in investment decision consulting and bidding agency [1] - The company's business scope includes investment decision consulting, bidding agency, engineering cost, and engineering supervision [1] Group 2: Financial Performance - In the first half of 2025, the company achieved an operating income of 247 million yuan, representing a year-on-year growth of 5.2% [1] - The net profit attributable to the parent company was 46.14 million yuan, showing a year-on-year increase of 7.12% [1] - The growth in performance is primarily attributed to the company's market expansion model of "exploiting existing resources + breakthrough in new areas" and seizing business opportunities arising from the "14th Five-Year Plan" [1] Group 3: Corporate Governance - The company will hold a temporary shareholders' meeting on August 19 to review proposals for the cancellation of the supervisory board and other matters [1]

Core Viewpoint - The stock price of Zhongshe Co., Ltd. closed at 12.51 yuan on August 4, 2025, reflecting a decline of 1.26% from the previous trading day, with a trading volume of 168,758 hands and a transaction amount of 211 million yuan [1] Company Overview - Zhongshe Co., Ltd. primarily engages in engineering consulting services, with all of its revenue for the year 2024 expected to come from this service sector [1] - The company is registered in Jiangsu Province and operates within the engineering consulting services industry [1] Recent Announcements - On August 1, the company announced that its Chief Engineer, Shen Jiangang, resigned due to reaching the legal retirement age [1] - On August 3, the company disclosed that two executives plan to reduce their holdings by a total of no more than 912,100 shares, citing personal funding needs as the reason for the reduction [1] Capital Flow - On August 4, the net outflow of main funds was 9.5573 million yuan, with a cumulative net outflow of 83.1845 million yuan over the past five trading days [1]

Market Overview - The engineering consulting services sector experienced a decline of 0.42% on August 4, with Zhongshe Consulting leading the drop [1] - The Shanghai Composite Index closed at 3583.31, up 0.66%, while the Shenzhen Component Index closed at 11041.56, up 0.46% [1] Stock Performance - Notable gainers in the engineering consulting sector included: - Suzhou Planning (301505) with a closing price of 21.88, up 3.01% [1] - Wenwu Liren (603153) with a closing price of 18.01, up 2.33% [1] - Hopu Co., Ltd. (301024) with a closing price of 45.99, up 2.18% [1] - Conversely, significant decliners included: - Zhongshe Consulting (833873) with a closing price of 8.61, down 4.33% [2] - Shenwater Planning Institute (301038) with a closing price of 30.35, down 3.80% [2] - Shiyan Institute (300732) with a closing price of 10.40, down 3.70% [2] Capital Flow - The engineering consulting sector saw a net outflow of 386 million yuan from institutional investors, while retail investors experienced a net inflow of 411 million yuan [2] - The capital flow for specific stocks indicated: - Shanghai Jianke (603153) had a net inflow of 17.28 million yuan from institutional investors [3] - Huayang International (002949) had a net inflow of 6.33 million yuan from institutional investors [3] - Zhongshe Consulting (833873) faced a net outflow of 11.3 million yuan from institutional investors [3]

Core Viewpoint - The Wuhu Longwan Yangtze River Tunnel, as the first cross-river tunnel in Anhui Province and a key project for the integration of the Yangtze River Delta, significantly reduces travel time between Wuhu's northern and southern districts from 40 minutes to 5 minutes, facilitating regional connectivity and development [1][3]. Group 1: Project Overview - The tunnel spans 6009 meters, with nearly 4000 meters being a shield tunnel that traverses a complex geological environment, including a 1800-meter bedrock section [4]. - The project was initiated in 2014, with China International Engineering Consulting Corporation (CIECC) providing comprehensive consulting services, including planning, design, and risk assessment [3][6]. Group 2: Technical Challenges and Solutions - The geological conditions of the tunnel are described as a "geological maze," with varying soil types and significant water pressure, necessitating specialized engineering solutions [4][5]. - CIECC proposed 17 optimization suggestions during the design phase, addressing key technical aspects such as shield machine selection and anti-corrosion techniques [3][4]. Group 3: PPP Model Implementation - The Wuhu Longwan Yangtze River Tunnel is the first standardized PPP project in Wuhu, serving as a model for market-oriented infrastructure development in China [6][7]. - The project features a 30-year cooperation period, balancing government interests and private capital returns through a structured equity model of 5% government and 95% social capital [6][7]. Group 4: Economic and Social Impact - The tunnel enhances the efficiency of transportation networks, allowing access to key locations like Wuhu Xuancheng Airport and Wuhu Port within one hour, thus promoting the flow of resources and integration in the Yangtze River Delta [5][6]. - The project has also stimulated local employment and established a PPP management mechanism, fostering deeper collaboration between the government and construction enterprises [7].

从资金流向上来看，当日工程咨询服务板块主力资金净流出3428.85万元，游资资金净流出1.61亿元，散 户资金净流入1.95亿元。工程咨询服务板块个股资金流向见下表： 证券之星消息，8月1日工程咨询服务板块较上一交易日上涨0.97%，启迪设计领涨。当日上证指数报收 于3559.95，下跌0.37%。深证成指报收于10991.32，下跌0.17%。工程咨询服务板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 300500 | 启迪设计 | 16.08 | 20.00% | 23.37万 | | 3.65亿 | | 600629 | 华建集团 | 13.70 | 10.04% | 108.27万 | | 13.67亿 | | 301365 | 矩阵股份 | 19.50 | 5.92% | 16.21万 | | 3.24亿 | | 603017 | 中街设计 | 9.84 | 5.47% | P 25.08万 | | 2.45亿 | | 300983 | 尤安设计 ...

Core Viewpoint - The company, Zhongcheng Consulting, is preparing for its IPO on the Beijing Stock Exchange, aiming to raise approximately 200 million yuan, significantly reduced from the previously planned 330 million yuan, with a focus on engineering consulting service network construction and R&D projects [1][2]. Fundraising and Project Summary - The initial fundraising plan included four projects: engineering consulting service network construction, R&D and information technology construction, EPC business expansion, and working capital supplementation, totaling approximately 329.9 million yuan [7]. - The revised plan retains the engineering consulting service network construction project but removes the EPC business expansion project and working capital supplementation [10][12]. Company Experience and Market Position - Zhongcheng Consulting claims to have a strong technical team and project experience, providing services such as engineering cost estimation, bidding agency, project supervision, and management [5]. - Despite the claims, the company has no successful experience in engineering general contracting projects, raising concerns during the IPO review process [8][9]. Financial Performance and Dividend Distribution - The company has engaged in significant financial investments, holding trading financial assets amounting to 172 million yuan by the end of 2024, which constitutes a substantial portion of its total assets [12][13]. - From 2021 to 2023, the company distributed a total of 85.43 million yuan in dividends, with a significant portion benefiting the controlling shareholder, Xu Xuele [14][15]. Control and Governance - The controlling shareholder, Xu Xuele, holds a direct stake of 57.4% and an indirect stake of 29.58%, giving him control over 86.98% of the voting rights [15][17]. - The company recently recognized Lu Jun as a co-controlling person, which has drawn scrutiny from the Beijing Stock Exchange during the IPO inquiry [17].