Market+ (iPhone)

Market+ (Android)

US STOCKS

FUNDS

FX & CRYPTO

SH/SZ-HK

HK STOCKS

IPO Plus - IPO

To-be Listed

	Name▼ / Code▼	Industry	Offer Price	Lot Size	Entry Fee	Closing Date	Grey Market Date▼	Listing Date▲
	REFIRE 02570.HK	Electrical Components & Equipment	145-165	20	3,333	2024/12/03	2024/12/05	2024/12/06
	Dmall 02586.HK	Application Software	30.21	100	N/A	2024/12/03	2024/12/05	2024/12/06

Summary

Our Company is principally engaged in the provision of construction engineering testing and inspection services, serving customers in Maoming, Guangdong Province of China. Founded in 2000 and headquartered in Xinyi City, Maoming, we have grown throughout the years in terms of revenue generated from construction engineering testing and inspection services. Our service offerings include a range of construction engineering testing and inspection services covering different types of testing and inspections processes involved in the industry. We primarily offer construction engineering testing services including foundation testing service, infrastructure and public roads testing service, construction material testing service, as well as building structure testing service. Additionally, we provide construction engineering inspection services including slope monitoring and foundation pit monitoring services. Since May 2024, as part of our expansion plan, while remaining our primary business focus on construction engineering testing and inspection services, we have commenced to diversify our service offerings and provide food testing services, which contributed 12.3% to our total revenue generated in 6M2024. According to the CIC Report, the construction engineering testing and inspection services sector emerged with significant potential. The total market size of the construction engineering testing and inspection industry in Maoming was RMB389.8 million in 2023 and is expected to reach RMB614.6 million in 2028, representing a CAGR of 9.5% from 2023 to 2028. Over the years, the industry has also demonstrated steady growth, mainly driven by the government’s initiative for rapid infrastructure development. The construction engineering testing and inspection industry in Maoming showcased a CAGR of 11.1% from 2019 to 2023. Our customer base primarily consists of entities involved in the construction industry in China, including private and public sector entities such as property developers and construction companies, stateowned investment companies, relevant PRC government institutions and PRC government administrative bureaus. These customers rely on our expertise to ensure the quality, safety and compliance at relevant stages of their construction or infrastructure projects. The primary focus of our testing and inspection services lies in private commercial and residential construction projects as well as public construction and infrastructure projects. During FY2021, FY2022, FY2023 and 6M2024, we had 268, 182, 279 and 196 customers, respectively. As at the Latest Practicable Date, we maintain a team of 106 employees, holding a total of 179 testing qualifications issued and approved by the Guangdong Association for Quality and Safety Testing and Appraisal of Construction Projects, enabling them to conduct proficient and reliable testing and inspection processes. Among them, 55 are qualified engineers specialising in construction engineering and three are qualified engineers specialising in food and agriculture in China. Our Company has also obtained accreditation in a total of 39 categories for testing and inspection services relating to construction engineering, product and material testing, environmental testing, food testing and agricultural related testing approved by the Guangdong AMR and we offer testing services with over 2,700 parameters under the 39 categories. We have obtained the Inspection and Testing Agency Qualification Certificate issued by the Guangdong AMR. This certificate grants us permission to use the mark of the CMA (China Inspection Body and Laboratory Mandatory Approval) when conducting our business. CMA is a certification and evaluation of the testing capability and reliability of testing and inspection institutions, conducted by quality inspection departments at the provincial level or above in accordance with the provisions of the Metrology Law of China. Additionally, we also hold the Construction Engineering Quality Inspection Agency Qualification Certificate issued by the Guangdong Provincial Department of Housing and Urban- Rural Development. As a testing and inspection company, we are required to obtain the Inspection and Testing Agency Qualification Certificate. When carrying out testing and inspection activities relating to construction engineering, we are also required to obtain the Construction Engineering Quality Inspection Agency Qualification Certificate. These certificates are crucial for demonstrating our capability and eligibility to provide reliable testing and inspection services. Our market reputation is largely established on the foundation of delivering reliable services, and we maintain this standard through stringent quality control measures. These measures are in place to ensure that we consistently uphold our service standards. We operate our headquarters located in Xinyi City, Maoming, Guangdong Province, and provide on-site or laboratory testing and inspection services to customers in Maoming. Leveraging on (i) our stateowned background; (ii) our proven track records; (iii) our established market presence in Maoming; and (iv) our experienced senior management supported by our skilled personnel, we have grown throughout the years in terms of revenue generated from the testing and inspection services. During the Track Record Period, our revenue was mainly derived from our foundation testing service. Revenue from foundation testing service accounted for 74.8%, 56.2%, 59.3% and 61.8% of our total revenue for FY2021, FY2022, FY2023 and 6M2024, respectively. The revenue generated from our foundation testing service was RMB29.7 million, RMB11.2 million, RMB24.6 million and RMB14.1 million for FY2021, FY2022, FY2023 and 6M2024, respectively. The decrease in revenue generated from foundation testing service in FY2022 was due to the impact of the COVID-19 pandemic, as a result, the number of foundation service orders completed by us in FY2022 decreased. See “Effect of the COVID-19 pandemic” below for details. As the impact of the COVID-19 pandemic gradually eased in 2023 and there is a growth in our foundation testing service provided to projects in public sector, our revenue from foundation testing service increased in FY2023. Source: Syntrust GK (08629) Prospectus (IPO Date : 26/08/2024)
Listing Market	GEM
Industry	Building Construction
Background	H Shares
Major Business Area	N/A

Corporate Information

Substantial Shareholders	Xinyi City Construction Engineering Quality and Safety Affairs Center (Total share: 56.00%); (H share: 0.00%) Xinyi City Xinhui State-owned Capital Investment Group Co., Ltd. (Total share: 14.00%); (H share: 0.00%) Lin Jiangjun (Total share: 5.73%); (H share: 19.09%) Lin Sheng Yu (Total share: 3.27%); (H share: 10.89%) 粵海資產管理有限公司 (Total share: 3.16%); (H share: 10.53%) Chen Menghua (Total share: 3.09%); (H share: 10.31%) Lu Sili (Total share: 3.06%); (H share: 10.20%) Liang Yishuang (Total share: 2.95%); (H share: 9.82%) 張坤 (Total share: 1.56%); (H share: 5.21%) Zhang Yunling (Total share: 1.55%); (H share: 5.18%)
Directors	Lai Feng (Chairman and General Manager and Executive Director) Huang Fei (Deputy General Manager and Executive Director) Mai Jiayu (Deputy General Manager and Executive Director) Zhang Xihua (Deputy General Manager and Executive Director) Chen Guangfu (Non-Executive Director) Zou Chan (Non-Executive Director) Deng Dian (Independent Non-Executive Director) Liu Hongge (Independent Non-Executive Director) Luo Qiling (Independent Non-Executive Director)
Company Secretary	heung Lai Ha Liu Dongxue
Principal Bankers	China Construction Bank Corporation
Solicitors	Jingtian & Gongcheng Loeb & Loeb LLP
Auditors	PricewaterhouseCoopers
Registered Office	46th Floor, Hopewell Centre, 183 Queen’s Road East, Wan Chai, Hong Kong
Share Registrars	Computershare Hong Kong Investor Services Ltd. [Tel: (852) 2862-8628]
Share Registrars Tel No	(852) 2862-8628
Internet Address	http://www.xyjiance.cn
Email Address	[email protected]
Tel No	(86 066) 8881-6106
Fax No

SITEMAP

AASTOCKS.com

Members

Forgot Password

About Us

Email: [email protected]

AASTOCKS.COM LIMITED (阿斯達克網絡信息有限公司) All rights reserved.

Disclaimer

You expressly agree that the use of this app/website is at your sole risk.

AASTOCKS.com Limited, HKEx Information Services Limited, China Investment Information Services Limited, Shenzhen Securities Information Co. Ltd, Nasdaq, Inc., their respective holding companies and/or any subsidiaries of such holding companies, their Sources and/or other third party data provider(s) endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.

Neither AASTOCKS.com Limited, HKEx Information Services Limited, China Investment Information Services Limited, Shenzhen Securities Information Co.Ltd., Nasdaq, Inc. nor their respective holding companies and/or any subsidiaries of such holding companies nor their Sources and/or other third party data provider(s) make any express or implied offers, representations or warranties (including, without limitation, any warranty or merchantability or fitness for a particular purpose or use) regarding the Information.

Neither AASTOCKS.com Limited, HKEx Information Services Limited, China Investment Information Services Limited, Shenzhen Securities Information Co. Ltd., Nasdaq, Inc. nor their respective holding companies and/or any subsidiaries of such holding companies nor their Sources and/or other third party data provider(s) will be liable to any Subscriber or any other party for any interruption, inaccuracy, error, or omission, regardless of cause, in the Information or for any damages (whether direct or indirect, consequential, punitive, or exemplary) resulting from its use by any party.

AASTOCKS.com Limited shall not be liable for any failure or delay in performance of its obligations under this Disclaimer because of circumstances beyond its reasonable control, including but without limitation, acts of God, typhoons, rainstorms, other natural disasters, government restrictions, strikes, wars, virus outbreak, network failures or telecommunications failures.

Morningstar Disclaimer: Copyright © 2020 Morningstar, Inc. All Rights Reserved. The information, data, analyses and opinions ("Information") contained herein: (1) include the proprietary information of Morningstar and Morningstar’s third party licensors; (2) may not be copied or redistributed except as specifically authorised; (3) do not constitute investment advice; (4) are provided solely for informational purposes; and (5) are not warranted to be complete, accurate or timely. Morningstar is not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.

The information and contents contained in this app/website are based on the analyses and interpretations of publicly available information obtained from sources believed to be reliable. Such analyses and information have not been independently verified and AASTOCKS.com Limited makes no guarantees to their accuracy, completeness, timeliness or correctness.

The information, financial market data, quotes, charts, statistics, exchange rate, news, research, analysis, buy and sell ratings, Education Center and other information on this app/website should be used as references only at your own discretion. Prior to the execution of a security or any other trade based upon the Information, you are advised to consult independent professional advice to verify pricing information or to obtain more detailed market information. AASTOCKS.com Limited is not soliciting any subscriber or app/website visitor to execute any trade. Any trades executed following the said information, commentaries and/or buy/sell ratings on this app/website are taken at your own risk for your own account.

AASTOCKS.com Limited provides the information and services on an "AS IS" basis. The information and contents on this app/website are subject to change without notice. AASTOCKS.com Limited reserves the right, in its sole discretion but without any obligation, to make improvements to, or correct any error or omissions in any portion of this app/website at any time.

The subscriber or app/website visitor agrees not to reproduce, retransmit, disseminate, distribute, broadcast, publish, circulate, sell or commercially exploit the information and contents on this app/website in any manner without the express written consent of AASTOCKS.com Limited.

Investment involves risk. You may make use of the Education Center of this website for academic reference purposes at your own discretion. AASTOCKS.com Limited cannot and does not give any assurance that the present or future buy/sell commentaries and signals on this app/website will be profitable. AASTOCKS.com Limited cannot guarantee, and the subscriber or app/website visitor should not assume, that the future performance will equal past performance.

AASTOCKS.com Limited may point to other sites that may be of interest to the subscriber or app/website visitor but for which AASTOCKS.com Limited has no responsibility and only provides this as a service to the subscriber or app/website visitor.

AASTOCKS.com Limited does not represent or endorse the accuracy or reliability of any information, advertisements or contents contained on, distributed through, or linked, downloaded or accessed from any of the services on this app/website. AASTOCKS.com Limited cannot and does not guarantee the quality or reliability of any products or information purchased or obtained by you as a result of an advertisement or any other information displayed on this app/website.

AATV is a video platform owned by AASTOCKS.com Limited.

You acknowledge that: (i) AATV is provided for information purposes only and, in particular, is not intended for trading purposes; (ii) AATV does not and none of the information contained in its program constitutes a solicitation, offer, opinion, or recommendation by us to buy or sell any security, or to provide legal, tax, accounting, or investment advice or services whether or not regarding the profitability or suitability of any security or investment; and (iii) AATV is not intended for use by, or distribution to, any person or entity in any jurisdiction or country where such use or distribution would be contrary to law or regulation.

The financial analysis or opinion expressed in the AATV programs is for reference and discussion only, and does not represent AASTOCKS.com Limited. Investors must make their own investment decisions based on their own investment objectives and financial situation. AASTOCKS.com Limited shall not, directly or indirectly, be liable, in any way, to you or any other person for any: (i) inaccuracies or errors in or omissions from AATV including, but not limited to, quotes and financial data; (ii) delays, errors, or interruptions in the transmission or delivery of AATV; or (iii) loss or damage arising therefrom or occasioned thereby, or by any reason of nonperformance.

AASTOCKS.com Limited reserves the right to change this Disclaimer at any time by posting changes online at this app/website. You are responsible for reviewing regularly information posted therein to obtain timely notice of such changes. Your continued use of this app / website after changes are posted constitutes your acceptance of this Agreement as modified by the posted changes.

The disclaimer herein shall be governed by the law of the Hong Kong Special Administrative Region of the People's Republic of China ("Hong Kong") and you agree to submit to the exclusive jurisdiction of the Hong Kong courts.

In the event of any discrepancy between the Chinese and English versions, the English version shall prevail.

Last updated on 6 January 2023.