Core Viewpoint - The news highlights the recent performance and financial status of Shenzhen Institute of Building Research Co., Ltd. (建科院), indicating a mixed outlook with a notable decline in revenue and profit, alongside fluctuations in stock price and shareholder dynamics [1][2]. Financial Performance - As of November 10, 2025, the company reported a revenue of 171 million yuan, representing a year-on-year decrease of 31.35% [2]. - The net profit attributable to shareholders was -69.91 million yuan, reflecting a significant decline of 102.73% compared to the previous year [2]. - Cumulative cash dividends since the company's A-share listing amount to 91.67 million yuan, with 23.47 million yuan distributed over the past three years [3]. Stock Performance - On November 20, the stock price increased by 2.19%, reaching 17.24 yuan per share, with a trading volume of 51.43 million yuan and a turnover rate of 2.06% [1]. - Year-to-date, the stock has risen by 7.01%, but it has seen a decline of 0.52% over the last five trading days and a more significant drop of 16.88% over the past 20 days [1]. Shareholder Dynamics - The number of shareholders decreased by 7.44% to 17,500 as of November 10, 2025, while the average number of circulating shares per person increased by 8.04% to 8,396 shares [2]. - As of September 30, 2025, notable institutional holdings include Noan Multi-Strategy Mixed A, which increased its stake by 356,100 shares, and CITIC Prudential Multi-Strategy Mixed A, which entered as a new shareholder with 588,200 shares [3]. Business Overview - The company, established on August 20, 2007, and listed on July 19, 2017, operates in various sectors including building design, green building consulting, ecological urban planning, and public service [1]. - The revenue composition is as follows: public service (41.30%), building design (25.86%), urban planning (21.82%), building consulting (6.06%), other (3.46%), and EPC and project management (1.50%) [1].

Group 1 - The core point of the news is that Shenzhen Institute of Building Science Co., Ltd. (建科院) experienced a stock price increase of 5.11%, reaching 16.05 CNY per share, with a trading volume of 71.75 million CNY and a turnover rate of 3.17%, resulting in a total market capitalization of 2.354 billion CNY [1] - The company, established on August 20, 2007, and listed on July 19, 2017, specializes in various services including architectural design, green building consulting, ecological urban planning, and public trust services [1] - The revenue composition of the company is as follows: public trust services 41.30%, architectural design 25.86%, urban planning 21.82%, building consulting 6.06%, others 3.46%, and EPC and project management 1.50% [1] Group 2 - Among the top ten circulating shareholders of 建科院, a fund under 诺安基金 (Noah Fund) has entered the list, specifically 诺安多策略混合A (Noah Multi-Strategy Mixed A), which acquired 685,000 shares, accounting for 0.47% of the circulating shares, with an estimated floating profit of approximately 534,300 CNY [2] - 诺安多策略混合A was established on August 9, 2011, with a current scale of 1.399 billion CNY, achieving a year-to-date return of 61.76%, ranking 456 out of 8,234 in its category, and a one-year return of 86.28%, ranking 155 out of 8,083 [2] Group 3 - The fund managers of 诺安多策略混合A are 孔宪政 and 王海畅, with 孔宪政 having a tenure of 4 years and 322 days, managing a total fund size of 4.607 billion CNY, achieving a best return of 76.38% and a worst return of -16.74% during his tenure [3] - 王海畅 has a tenure of 3 years and 84 days, managing a total fund size of 2.529 billion CNY, with a best return of 63.97% and a worst return of -18.8% during his tenure [3]