Company Overview - A new company named Huayu Sanitary Ware Co., Ltd. has been established in Guangxin District, Shangrao City, with a registered capital of 6 million RMB [1] - The legal representative of the company is Huang Rong, and it is wholly owned by Shangrao Guangxin District Nanto Trading Co., Ltd. [1] Business Scope - The company's business activities include the sale of sanitary ware, sanitary ceramic products, enamel products, building decoration materials, waterproofing materials, metal fittings for construction, distribution switch control equipment, building materials, and retail of hardware products [1] Company Structure - Huayu Sanitary Ware Co., Ltd. is classified as a limited liability company (wholly owned by a legal entity) [1] - The company is registered under the construction industry, specifically in building decoration and renovation [1] Registration Details - The company is registered with the Shangrao Guangxin District Market Supervision Administration, with an operational period until August 22, 2025, and no fixed term thereafter [1]

Core Viewpoint - The report highlights the financial performance and strategic focus of Beijing New Space Technology Co., Ltd. for the first half of 2025, emphasizing the challenges faced in the night economy and smart city sectors, alongside efforts to improve cash flow and manage receivables effectively [1][3][8]. Financial Performance - The company reported a revenue of CNY 143.62 million for the first half of 2025, a decrease of 10.95% compared to CNY 161.29 million in the same period of 2024 [2][8]. - The total profit for the period was a loss of CNY 66.97 million, an improvement from a loss of CNY 82.48 million in the previous year [2][8]. - The net cash flow from operating activities increased significantly to CNY 79.70 million, up 196.98% from CNY 26.84 million in the previous year [2][8]. Business Overview - The company focuses on two main sectors: night economy and smart city development, aiming to enhance urban public infrastructure and promote nighttime tourism [3][4]. - In the night economy sector, the company has established itself as a leading service provider, integrating landscape lighting and cultural tourism [3][4]. - The smart city initiatives include the development of smart streetlights and smart parking solutions, aimed at improving urban efficiency and public service levels [4][5]. Industry Context - The night economy sector is experiencing increased competition, with various local governments implementing policies to stimulate nighttime cultural and tourism activities [6][9]. - The smart city sector is transitioning towards a more integrated development model, with a focus on digital infrastructure and innovative solutions to urban challenges [6][7]. - The report indicates a growing demand for comprehensive solutions in both sectors, driven by consumer preferences and government initiatives [6][7]. Strategic Initiatives - The company is actively managing receivables and optimizing cash flow to address the challenges posed by delayed payments from government clients [9][10]. - The successful launch of the "Guangan Night City" project demonstrates the company's capability in delivering immersive cultural experiences, attracting significant visitor numbers [9][10]. - The company is enhancing its governance and internal control systems to improve operational efficiency and compliance [10][11]. Competitive Advantages - The company has established a strong brand reputation through its involvement in major national events, showcasing its project management capabilities [11][12]. - A collaborative approach across various regions and business lines enhances market competitiveness and operational efficiency [11][12]. - The company invests in technology and innovation, developing proprietary solutions that integrate advanced lighting technologies with cultural elements [12][13].

Company Overview - Mingchuang Zhizhen (Shanghai) Decoration Engineering Co., Ltd. has been established with a registered capital of 22.67 million RMB [1] - The legal representative of the company is Chen Zhizhao, and it is wholly owned by Mingchuang Zhizhen (Wuhan) Decoration Engineering Co., Ltd. [1] Shareholding Structure - The sole shareholder, Mingchuang Zhizhen (Wuhan) Decoration Engineering Co., Ltd., holds 100% of the shares [2] Business Scope - The company's business scope includes engineering management services, installation services for general machinery and equipment, metal door and window engineering construction, sales of fire-fighting equipment, furniture, office supplies, and office equipment [2] - Additional services include wholesale of sports goods and equipment, sales of electronic components and electromechanical components, sales of electronic products, sales of construction decoration materials, sales of furniture accessories, information technology consulting services, handling and transportation, and 3D printing services [2] - The company is also involved in licensed projects such as construction engineering and residential interior decoration and renovation, which require approval from relevant authorities [2] Company Registration Details - The company is registered in Jinshan District, Shanghai, with its address at 6158 Nan Ting Highway, Building 3, Room 3369 [2] - The business license allows the company to operate until August 21, 2025, with no fixed term thereafter [2] - The company is classified under the construction industry, specifically in the building decoration and renovation sector [2]

Company Formation - Shanghai Liangtu Construction Engineering Co., Ltd. has been established with a registered capital of 10 million RMB [1] - The legal representative of the company is Zhou Wen, and it is wholly owned by Yinming (Shanghai) Architectural Design Engineering Co., Ltd. [1] Business Scope - The business scope includes construction engineering design, residential interior decoration, construction engineering contracting, and labor subcontracting [2] - Additional services include sales of building materials, landscaping engineering, sales of lightweight building materials, sales of metal fittings for construction, project management services, and various technical services [2] Company Details - The company is classified under the construction industry, specifically in building decoration and renovation [2] - The registered address is located at 301-25, 3rd Floor, No. 5, Lane 1111, Huta Road, Jing'an District, Shanghai [2] - The business license allows for independent operations except for projects that require approval from relevant authorities [2]

Company Overview - Shanghai Shiliang Construction Engineering Co., Ltd. has been established with a registered capital of 10 million RMB [1] - The legal representative of the company is Yao Weifeng, and it is wholly owned by Ximing (Shanghai) Architectural Design Engineering Co., Ltd. [1] Business Scope - The company's business scope includes construction engineering design, residential interior decoration, construction engineering contracting, and labor subcontracting [1] - It also engages in the sale of building materials, landscaping engineering contracting, and sales of lightweight building materials and metal fittings [1] - Additional services include project management, technical services, technology development, consulting, and information technology consulting [1] Company Structure - The company is classified as a limited liability company with natural person investment or control [1] - The business registration is valid until August 19, 2025, with no fixed term thereafter [1] - The company is registered under the jurisdiction of the Jing'an District Market Supervision Administration [1]

天眼查显示，近日，大连金石滩中饰装修工程有限公司成立，法定代表人为吴玉安，注册资本300万人 民币，信贺投资（大连）有限公司、大连中饰装修工程有限公司持股。 企业名称大连金石滩中饰装修工程有限公司法定代表人吴玉安注册资本300万人民币国标行业建筑业> 建筑装饰、装修和其他建筑业>建筑装饰和装修业地址辽宁省大连经济技术开发区金石路87号1-3层2023 室企业类型其他有限责任公司营业期限2025-8-18至无固定期限登记机关大连金普新区市场监督管理局 来源：金融界 序号股东名称持股比例1信贺投资（大连）有限公司95%2大连中饰装修工程有限公司5% 经营范围含许可项目：住宅室内装饰装修；建设工程施工。（依法须经批准的项目，经相关部门批准后 方可开展经营活动，具体经营项目以相关部门批准文件或许可证件为准）园林绿化工程施工；建筑材料 销售；建筑装饰材料销售；家用电器销售；家具销售；针纺织品销售；工艺美术品及收藏品批发（象牙 及其制品除外）。（除依法须经批准的项目外，凭营业执照依法自主开展经营活动） ...

Company Overview - Mingchuang Zhizhen (Shenzhen) Decoration Engineering Co., Ltd. has been established with a registered capital of 22.67 million RMB [1] - The legal representative of the company is Chen Zhizhao, and it is wholly owned by Mingchuang Zhizhen (Wuhan) Decoration Engineering Co., Ltd. [1] Shareholding Structure - The sole shareholder, Mingchuang Zhizhen (Wuhan) Decoration Engineering Co., Ltd., holds 100% of the shares [2] Business Scope - The company’s business scope includes general business projects such as engineering management services, installation services for ordinary mechanical equipment, metal door and window engineering construction, and sales of various products including furniture and electronic components [2] - Licensed business projects include construction engineering and residential interior decoration, which require approval from relevant authorities before commencement [2] Company Details - The company is classified under the construction industry, specifically in building decoration and renovation [2] - The registered address is located at 4028 Jintian Road, Rongchao Economic and Trade Center, A309-AX24, Futian District, Shenzhen [2] - The business registration is valid until August 18, 2025, with no fixed term thereafter [2]

Company Overview - Shandong Liujie Decoration Engineering Co., Ltd. has been established with a registered capital of 5 million RMB [1] - The legal representative of the company is Zhang Ning, and it is wholly owned by Shandong Dongqing Education Information Consulting Co., Ltd. [1] Business Scope - The company’s business scope includes residential interior decoration and renovation, construction engineering, sales of building materials, furniture installation and maintenance services, residential water and electricity installation and maintenance services, landscaping engineering construction, earthwork construction, sales of sanitary ware, home appliances, and various retail services [1] - The company is also involved in foreign contracting projects, metal door and window engineering construction, and professional design services [1] Registration Details - The company is registered in Dezhou City, Shandong Province, with a business address at 2269 Dongfeng East Road, Tianqu New District [1] - The business license allows the company to operate independently, except for projects that require approval from relevant authorities [1] - The company is classified under the construction industry, specifically in the building decoration and renovation sector [1]

Company Overview - Tianjin Deyunchang Construction Engineering Co., Ltd. has been established with a registered capital of 40 million RMB [1] - The legal representative is Fan Yali, and the company is wholly owned by Tianjin Sanling San Enterprise Management Consulting Co., Ltd. [1] Business Scope - The company’s business scope includes construction engineering contracting, design, surveying, and various installation services [1] - It also covers municipal facility management, sales of electrical equipment, and construction material sales [1] - Additional services include machinery rental, project management, and building cleaning services [1] Registration Details - The company is registered in the Tianjin Binhai High-tech Industrial Development Zone [1] - The business is classified under the construction industry, specifically in building decoration and renovation [1] - The operational period is set until August 12, 2025, with no fixed end date thereafter [1]

Core Viewpoint - Hunan Qingsen Construction Engineering Co., Ltd. has been established with a registered capital of 2 million RMB, fully owned by Changsha Xuyu Enterprise Management Co., Ltd. [1] Company Summary - Company Name: Hunan Qingsen Construction Engineering Co., Ltd. [1] - Legal Representative: Xie Linwu [1] - Registered Capital: 2 million RMB [1] - Shareholder: Changsha Xuyu Enterprise Management Co., Ltd. holds 100% [1] - Company Type: Limited liability company (wholly owned by a natural person) [1] - Business Address: Room 217, Building C3, New City International Huadu Phase V, Jinshanqiao Street, Xiangjiang New District, Hunan [1] - Business Duration: Until August 11, 2025, with no fixed term [1] - Registration Authority: Xiangjiang New District Management Committee [1] Industry Summary - Industry: Construction industry, specifically in building decoration and renovation [1] - Business Scope: Includes construction labor subcontracting, construction project supervision, engineering design, electrical installation services, and various sales and technical services [1] - Specific Activities: The company is involved in a wide range of activities including but not limited to construction management services, sales of building materials, and environmental consulting services [1]